… Signs MoU
By Dayo Adesulu
Institute of Chartered Accountants of Nigeria (ICAN) Wednesday said it has integrated its syllabus with Caleb University National Universities Commission (NUC) undergraduate accounting programme, as they signed Memorandum of Understanding (MoU).
Speaking during the signing ceremony of the MoU, ICAN President, Malam Isma’la Mohammadu Zakari said: “The MoU is essentially a collaboration between ICAN and Caleb University whereby ICAN syllabus for the ICAN qualifying professional examinations will be integrated with Caleb University NUC approved curriculum for undergraduate accounting programme.”
According to him, the objective is primarily to dippen the standards and contents of the B.Sc. accounting curriculum as well as the quality of dissemination of accounting knowledge to the students, so as to remarkably improve their learning experiences.
He explained that the distinct qualifying examination syllabus is designed to develop candidates’ technical and commercial knowledge in 16 ICAN subjects, broken down into three distinct levels.
The President who maintained that the successful completion of the ICAN examinations would adequately equip candidates with the necessary skills and training, adding that it would earn candidates global accounting qualification recognition.
He said: ”ICAN Mutual Cooperation Agreement with Tertiary Institution (MCATI) visitation team to Caleb University have carried out total and rigorous review of the overall standard of the institution and learning of the department of accounting and finance and were satisfied that the department had exceeded the minimum eligibility criteria set by the council of ICAN and consequently recommended the collaboration and signing of this mutual corporation agreement with Caleb University.
”The mutual corporation agreement requires that undergraduate accounting students will study using the integrated ICAN NUC approved curriculum and those who graduate from the accounting department of Caleb University will be granted 11 subject exemptions which is the highest number of exemptions granted to any ICAN student as against 7 subjects exemptions granted to students whose university under the normal ICAN accreditation scheme.
”That represent full exemptions from foundation and skills level of ICAN professional examination. For those universities who are accredited by ICAN and not under the ICAN team arrangement meaning that they have not integrated the curriculum into the NUC curriculum, when their students graduate, they get exempted from foundation and two subjects in skills level.
”When we started this agreement from today, students that are in 200L, from today when they graduate they are granted exemptions from the entire foundation and skills learning. That is they have 4 subjects additional exempted, so it is 5 subjects in foundation and 6 in skills level making it 11 subjects in all. All they are expected to sit is the ICAN final professional level which is 5 subjects.”
He urged the students to be diligent and also maximize the opportunities given to them, adding that many of their counterparts are willing to secure admissions into institutions of higher learning but were not privileged.
Meanwhile, Caleb University, Vice chancellor, Prof Ayandiji Aina in his remark expressed satisfaction with the gesture of ICAN, adding that the institution would fulfill its part of the terms of the agreement. According to him, the institution is not only training the students in academics but also professional competence.