The ICAN syllabus spans three levels and fourteen papers. Most candidates underestimate how much the syllabus has shifted in recent diets — particularly around IFRS, sustainability reporting and public-sector accounting. This page maps the current syllabus, paper by paper, and shows you where the marks actually sit.
Foundation (Level 1)
- Business, Management & Finance — the business environment and organisational context.
- Financial Accounting — double entry through to full financial statements.
- Management Information — costing, budgeting and management decision-making.
- Business Law — Nigerian legal system, contract, agency, sale of goods.
Skills (Level 2)
- Performance Management — advanced costing and divisional performance.
- Financial Reporting — IFRS in force, group accounts, complex transactions.
- Financial Management — capital budgeting, working capital, cost of capital.
- Public Sector Accounting & Finance — IPSAS, government accounting, budgeting.
- Taxation — personal, companies income tax, VAT, tax planning.
- Audit, Assurance & Forensics — regulatory framework, risk, evidence, reporting.
Professional (Level 3)
- Corporate Reporting — advanced IFRS, groups, sustainability reporting.
- Advanced Audit & Assurance — assurance engagements, forensic audit, ethics.
- Strategic Financial Management — investment appraisal, corporate finance, risk.
- Advanced Taxation — tax planning, group taxation, international tax.
- Case Study — integrated business analysis with written recommendations.
How to plan your study around the syllabus
Weight your time by exam-paper mark allocation, not by subject size. Financial Reporting and Taxation reward heavy question practice; the Case Study rewards writing practice. Our tutors work with each student to build a per-week study plan aligned to the syllabus and the coming diet date.