What ICAN can do for you in Nigeria?


What ICAN can do for you in Nigeria?

The Institute of Chartered Accountants of Nigeria (ICAN) is a professional accountancy body in Nigeria. It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria (ANAN) according to Wikipedia.


One of the misconceptions many people have about ICAN is the fact that they think ICAN is only meant for Accountants in Nigeria. It is not true because anybody with previous background in non-accounting related field can also become a chartered accountant. You can read more information about this in one of our previous post on Can an Engineer Become a Chartered Accountant in Nigeria? 


I have received many emails from our readers who wanted to inquire if taking the route of ICAN is good. Most of them have not reached a point to fully understand what an ICAN certification can do for them especially career-wise.


An addition, another frequent question is which one to choose between ICAN and ACCA? If you are currently having issue deciding about the second question, I will suggest you read one of our previous post on the subject – ICAN or ACCA Which One Do You Need?


If you are still contemplating whether or not to pursue your ICAN dream or you are still indulged on a self-question trying to find out the benefit of being a chartered accountant in Nigeria, you should read on. May be by the end of this article you will find answers to questions that is currently bulging your mind.


Benefit of ICAN

It increases your chances of employment – One of the numerous reasons why we pursue a professional career is the ability to land our dream jobs when we must have finish with it. Due to the high unemployment rate in Nigeria and the huge amount of job applicants roaming around the street for any kind of job they can lay their hands on, being unique with a professional certificate like ICAN will give you some edge over your competitors


Practise on your Own

There is nothing that boosts any private accounting firm like having experienced and seasoned chartered accountants working in a firm. Even if you wish to run an accounting consulting firm with medium and big multinational companies, ICAN qualification will give you an edge.


To become an effective accountant and a professional

Understanding the intrinsic part of accounting as a profession does not come through a three or four year programme in the university. ICAN certification is a very tough process that will prepare your body and soul for the challenges ahead in the accounting field in Nigeria.


Career Progress

With ICAN, there is every tendency that you will have an accelerated progress in the accounting career compare to others without this certification.


There is more to this than the points I have listed above. If ICAN certification has contributed in some ways to your career success, we will like you to share your experience with us.

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