ICAN
Nigeria 🇳🇬PROFESSIONALInstitute of Chartered Accountants of Nigeria — Financial Accounting, Taxation, Audit & Assurance and Costing.
📏 ICAN papers are marked out of 100; 50% is the pass mark per paper, sat across the Foundation, Skills and Professional levels.
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28 lessons1 subjectSelf-pacedProfessional plan
Beginner
Beginner skill
Foundational financial accounting and cost concepts every ICAN candidate needs first.
🔒 Unlocks after all modules
1
🔒 After lessonsAccounting Foundations
0/3 passed🔒
The Accounting System: Framework, Source Documents and Books of Prime Entry
Requires Professional plan
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Accounting Concepts & Conventions
Requires Professional plan
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The Double-Entry System
Requires Professional plan
2
🔒 After lessonsCost & Ratio Basics
0/2 passed🔒
Break-even & Contribution
Requires Professional plan
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Liquidity & Profitability Ratios
Requires Professional plan
3
🔒 After lessonsBusiness Environment
0/1 passed🔒
Business Environment, Ethics and Digital Finance (A1)
Requires Professional plan
4
🔒 After lessonsCorporate & Business Law
0/1 passed🔒
Corporate and Business Law (A4), as Revised for November 2026
Requires Professional plan
5
🔒 After lessonsManagement Information
0/1 passed🔒
Management Information (A3/A4): Systems, Controls and the Information a Manager Can Act On
Requires Professional plan
Intermediate
Intermediate skill
Depreciation, taxation and reporting concepts for the Skills level.
🔒 Unlocks after all modules
1
🔒 After lessonsDepreciation & Financial Reporting
0/4 passed🔒
Errors, Suspense Accounts, Control Accounts and Year-End Adjustments
Requires Professional plan
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Property, Plant and Equipment, Intangibles and Impairment (IAS 16, 38 and 36)
Requires Professional plan
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Depreciation Methods
Requires Professional plan
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Financial Statement Concepts
Requires Professional plan
2
🔒 After lessonsNigerian Taxation & Gearing
0/2 passed🔒
PAYE Computation
Requires Professional plan
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Gearing & Capital Structure
Requires Professional plan
3
🔒 After lessonsFinancial Management
0/1 passed🔒
Financial Management (B5): Appraisal, Cost of Capital and Risk
Requires Professional plan
4
🔒 After lessonsPublic Sector Accounting
0/1 passed🔒
Public Sector Accounting & Finance (B6), as Revised for November 2026
Requires Professional plan
5
🔒 After lessonsPerformance Management
0/1 passed🔒
Performance Management (B4): Costs, Budgets, Variances and Divisional Control
Requires Professional plan
6
🔒 After lessonsStatement Preparation and Technology
0/2 passed🔒
Inventories, Provisions and Partnership Accounts
Requires Professional plan
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Incomplete Records and the Digital Accounting Function
Requires Professional plan
Advanced
Advanced skill
Audit judgement and integrated case-study reasoning for the Professional level.
🔒 Unlocks after all modules
1
🔒 After lessonsAudit & Assurance
0/2 passed🔒
Audit Assertions & Opinions
Requires Professional plan
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Auditor Independence
Requires Professional plan
2
🔒 After lessonsApplied Professional Judgement
0/2 passed🔒
Evaluating Financial Scenarios
Requires Professional plan
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Advanced Ratio Analysis
Requires Professional plan
3
🔒 After lessonsStrategic Business Reporting
0/1 passed🔒
Strategic Business Reporting (C1): the Complex Items and the Open-Book Case
Requires Professional plan
4
🔒 After lessonsAdvanced Taxation
0/1 passed🔒
Advanced Taxation (C4): Structure, Computation and Advice
Requires Professional plan
5
🔒 After lessonsAdvanced Audit and Assurance
0/1 passed🔒
Advanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports
Requires Professional plan
6
🔒 After lessonsStrategic Financial Management
0/1 passed🔒
Strategic Financial Management (C3): Value, Risk and the Board's Decision
Requires Professional plan
7
🔒 After lessonsCase Study
0/1 passed🔒
ICAN Case Study (C5): Working an Integrated Scenario for Professional Marks
Requires Professional plan
Syllabus coverage · ICAN
0/93 official topics · 0%93 topics still to cover
- A1–A3 Scope and purposes of accounting, users of accounting information and the IASB Conceptual FrameworkThe Accounting System: Framework, Source Documents and Books of Prime Entry →
- A4–A9 Accounting concepts and conventions, bases of accounting, the regulatory environment (FRC of Nigeria), ethics and governanceAccounting Concepts & Conventions →
- B1–B2 Source documents, and procedures and documentation for banking of monies receivedThe Accounting System: Framework, Source Documents and Books of Prime Entry →
- B3 Books of prime entry and cash books, including internal control over cashThe Accounting System: Framework, Source Documents and Books of Prime Entry →
- B4–B5 The double entry principle, the accounting equation, VAT and the trial balanceThe Double-Entry System →
- C1 Errors and suspense accountsErrors, Suspense Accounts, Control Accounts and Year-End Adjustments →
- C2–C3 Control accounts and reconciliations, and bank reconciliationErrors, Suspense Accounts, Control Accounts and Year-End Adjustments →
- C4–C5 Bad and doubtful debts, accruals and prepaymentsErrors, Suspense Accounts, Control Accounts and Year-End Adjustments →
- D1 Accounting for property, plant and equipment (IAS 16)Property, Plant and Equipment, Intangibles and Impairment (IAS 16, 38 and 36) →
- D2–D3 Intangible assets (IAS 38) and impairment of assets (IAS 36)Property, Plant and Equipment, Intangibles and Impairment (IAS 16, 38 and 36) →
- D4 Accounting for inventories (IAS 2)Inventories, Provisions and Partnership Accounts →
- D5 Provisions, contingent liabilities and contingent assets (IAS 37)Inventories, Provisions and Partnership Accounts →
- E1 Partnership accountsInventories, Provisions and Partnership Accounts →
- E2 Not-for-profit entities' accountsAccounting Concepts & Conventions →
- E3 Incomplete recordsIncomplete Records and the Digital Accounting Function →
- F1–F3 Components of financial statements, IAS 8 (policies, estimates and errors) and current income taxEvaluating Financial Scenarios →Strategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- F4–F5 Issue of shares and borrowings, and preparation of simple financial statements (IAS 1, IAS 7)Strategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- F6 Interpretation of simple financial statementsFinancial Statement Concepts →Evaluating Financial Scenarios →
- G1 Computerised accounting systemsBusiness Environment, Ethics and Digital Finance (A1) →
- G2–G3 Digitisation, blockchain, artificial intelligence and virtual accountingIncomplete Records and the Digital Accounting Function →
- Business environment — economic systems, the sectors of the Nigerian economy and the role of governmentBusiness Environment, Ethics and Digital Finance (A1) →
- Business environment — business, ethics and the stakeholder modelBusiness Environment, Ethics and Digital Finance (A1) →
- Business environment — social, cultural, political, technological and global influences on businessBusiness Environment, Ethics and Digital Finance (A1) →
- Digital finance — how digital technologies change the way finance functions operateBusiness Environment, Ethics and Digital Finance (A1) →
- Quantitative methods — descriptive statistics, probability and their use in business decisionsBusiness Environment, Ethics and Digital Finance (A1) →
- The Nigerian legal system — sources of law, the courts and judicial precedentCorporate and Business Law (A4), as Revised for November 2026 →
- Company law — formation, incorporation, the constitution of a company and capital structureCorporate and Business Law (A4), as Revised for November 2026 →
- Company law — directors, officers, members' rights and remedies, and company meetingsCorporate and Business Law (A4), as Revised for November 2026 →
- Corporate governance — codes, accountability, audit and reporting obligationsCorporate and Business Law (A4), as Revised for November 2026 →
- Contract, sale of goods and employment law as they affect business practiceCorporate and Business Law (A4), as Revised for November 2026 →
- Insolvency, business recovery and the winding up of companiesCorporate and Business Law (A4), as Revised for November 2026 →
- Financial management framework — objectives, the role of the finance function and efficient marketsFinancial Management (B5): Appraisal, Cost of Capital and Risk →
- Investment appraisal — discounted cash flow, NPV, IRR, payback and their limitationsFinancial Management (B5): Appraisal, Cost of Capital and Risk →
- Financing decisions — sources of finance, cost of capital, gearing and capital structureGearing & Capital Structure →Financial Management (B5): Appraisal, Cost of Capital and Risk →
- Working capital management — cash, receivables, payables and inventory policiesFinancial Management (B5): Appraisal, Cost of Capital and Risk →
- Risk and return — diversification, beta and the capital asset pricing modelFinancial Management (B5): Appraisal, Cost of Capital and Risk →
- Corporate restructuring, dividend policy and behavioural financeFinancial Management (B5): Appraisal, Cost of Capital and Risk →
- The public sector framework — types of public sector bodies and their accountabilityPublic Sector Accounting & Finance (B6), as Revised for November 2026 →
- Public sector finance — budgeting, appropriation, virement and the fiscal framework in NigeriaPublic Sector Accounting & Finance (B6), as Revised for November 2026 →
- Accounting for public sector transactions — receipts, payments, votes and fund accountingPublic Sector Accounting & Finance (B6), as Revised for November 2026 →
- Public sector reporting — IPSAS-based reporting, statement of actual receipts and payments, and statement of financial positionFinancial Statement Concepts →Public Sector Accounting & Finance (B6), as Revised for November 2026 →
- Debt management, pensions and the accounting for public sector corporations and agenciesPublic Sector Accounting & Finance (B6), as Revised for November 2026 →
- Audit and control in the public sector — statutory audit, internal audit and financial regulationsPublic Sector Accounting & Finance (B6), as Revised for November 2026 →
- The regulatory and conceptual framework for financial reporting, and its application to complex transactionsStrategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- Reporting the financial performance and position of a single entity, including provisions, leases, revenue and financial instrumentsFinancial Statement Concepts →Evaluating Financial Scenarios →
- Group reporting — consolidated financial statements, associates, joint arrangements and foreign currency translationStrategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- Intermediate and special-purpose reporting — interim reporting, segment reporting and statements of cash flowsStrategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- Financial reporting of public benefit entities and sector-specific requirementsStrategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- Ethics, IFRS compliance, creative accounting and the analyst's reading of published reportsStrategic Business Reporting (C1): the Complex Items and the Open-Book Case →
- Personal income tax — employment, business and investment income of individuals, and reliefs in forceAdvanced Taxation (C4): Structure, Computation and Advice →
- Companies income tax — computation, allowances, losses, group relief and development fund treatmentPAYE Computation →Advanced Taxation (C4): Structure, Computation and Advice →
- Value added tax, withholding tax, stamp duties and other transactions taxes in complex fact patternsAdvanced Taxation (C4): Structure, Computation and Advice →
- International taxation — residence and domicile, double taxation relief, transfer pricing and treaty treatmentAdvanced Taxation (C4): Structure, Computation and Advice →
- Tax planning and advisory — choosing between structures, and presenting a defensible computation and advicePAYE Computation →Advanced Taxation (C4): Structure, Computation and Advice →
- Tax administration, disputes, penalties and the practitioner's ethical dutiesAdvanced Taxation (C4): Structure, Computation and Advice →
- Information and its value — data, information, and the characteristics of management informationManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- Information systems in organisations — transaction processing, management, decision-support and strategic systemsManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- Systems development — the life cycle, feasibility, requirements gathering, and selection and implementation decisionsManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- ICT infrastructure and applications — databases, networks, cloud services and office automation in the finance functionManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- Information security, integrity and controls — access rights, audit trails, backup, disaster recovery and reliabilityManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- Data for decision-making — spreadsheets, business intelligence, and the quantitative tools that support management decisionsManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- Ethical and legal duties over information — confidentiality, data protection, and the uses and limits of management reportingManagement Information (A3/A4): Systems, Controls and the Information a Manager Can Act On →
- Cost classification and cost behaviour for planning and controlPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- Costing techniques — absorption, marginal, activity-based, job, batch, process and throughput costing, with their usesPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- Pricing decisions, target costing, life-cycle costing and cost-plus or market-led approachesPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- Budgeting — preparation methods, behavioural consequences, budgetary control and re-forecastingPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- Standard costing — variances, their calculation, interpretation and the grounds for investigatingPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- Responsibility centres, transfer pricing and divisional performance measurementPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- Investment and performance measures — ROI, residual income and economic value added; non-financial measures and the balanced scorecardPerformance Management (B4): Costs, Budgets, Variances and Divisional Control →
- The assurance framework — types of engagement, assurance levels and the elements of an engagementAdvanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Ethics, independence and quality management of the audit firm, with the duty owed to third partiesAuditor Independence →Advanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Engagement planning — materiality, audit risk, the understanding of the entity and the audit strategyAudit Assertions & Opinions →Advanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Internal control and the internal audit function, and the extent of reliance placed on themAdvanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Audit evidence — sampling, analytical procedures, and the sufficiency and appropriateness of what is obtainedAdvanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Auditing in a technology environment, and the specific procedures for IT-dependent records and controlsAudit Assertions & Opinions →Advanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Group audits, related parties, fraud considerations and money-laundering duties in the engagementAdvanced Audit and Assurance (C2): Judging Evidence and Writing What the Evidence Supports →
- Concluding and reporting — evaluation of findings, subsequent events, going concern, the opinion and other reporting responsibilitiesAccounting Concepts & Conventions →Audit Assertions & Opinions →
- Strategy and financial policy — objectives, the agency problem and the shareholder-value frameworkStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Business models, value drivers and the diagnosis that precedes a financing or investment decisionStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Valuation of businesses, shares, bonds and projects, and the choice of the discount rate for eachStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Efficient markets, behavioural finance and what each implies for financial decisionsStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Risk and uncertainty — sensitivity, simulation, decision trees, real options and the pricing of riskStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Long-term financing choices, leasing, hybrid instruments and the capital-structure debateStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Dividend policy, share repurchases and the signalling they carryStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Mergers, acquisitions, disposals, reconstruction, distress and turnaround financeStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Enterprise risk management, hedging with derivatives, and international financial management including exchange-rate exposureStrategic Financial Management (C3): Value, Risk and the Board's Decision →
- Reading an integrated case — the pre-seen information, what the exhibits do and do not establishICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
- Diagnosing the business situation — the issues, their causes and the evidence a candidate is expected to citeICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
- Applying technical knowledge across reporting, performance management, taxation and audit to one set of factsICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
- Constructing board-level advice — options, consequences, recommendations and the assumptions each rests onICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
- Written communication for the case — briefing notes, reports and the presentation that earns professional-skill marksICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
- Evaluation and professional scepticism — spotting the claim the evidence does not support, and stating what would settle itICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
- Time discipline in a three-hour integrated paper — planning, sub-questions and what to abandon to finishICAN Case Study (C5): Working an Integrated Scenario for Professional Marks →
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