ICAN A2 Financial Accounting: Exam Prep

The full ICAN A2 study text by syllabus area, with practice, flashcards and timed mocks.

• Most courses free to start
• Professional exam
• 4 weeks · ~3 hrs/week
• 36 lessons
• ~11 hours
• Certificate on passing the project

Free account required to open the lessons. Any price is shown before you pay.

About this course

Prepare for ICAN Foundation A2 (Financial Accounting) on the 2025 syllabus. Study each syllabus area in plain English with worked examples, then practise in the exam's own formats, track your strong and weak topics, review flashcards and sit timed mock exams. Skillnaija is not affiliated with or endorsed by the Institute of Chartered Accountants of Nigeria (ICAN).

Before you can post a single entry, you need to know what accounting is for and where book-keeping stops and accounting begins. Examiners test these definitions in Section A, and Section B narrative parts often ask you to define accounting, state its objectives or explain its branches. At work, the same ideas tell you which job you are doing: recording, reporting, costing, tax or audit.

What you'll learn

• Double entry and books of prime entry
• Reconciliations
• Financial statements
• Partnership and company accounts
• Accounting standards at Foundation level

Course syllabus — 36 lessons

1. Scope and purposes of accounting19 min
2. Users of accounting information20 min
3. The IASB Conceptual Framework25 min
4. Accounting concepts and conventions21 min
5. Bases of accounting18 min
6. Regulation of accounting in Nigeria18 min
7. Ethics for preparers of financial statements15 min
8. Role of accountants in business and the economy16 min
9. Duties of those charged with governance16 min
10. Source documents19 min
11. Banking of monies received19 min
12. Books of prime entry and the cash book20 min
13. Double entry, VAT and the trial balance21 min
14. Uses and limits of the trial balance17 min
15. Errors and suspense accounts17 min
16. Control accounts and supplier statement reconciliation19 min
17. Bank reconciliation20 min
18. Irrecoverable debts and allowance for receivables16 min
19. Accruals, prepayments, accrued and deferred income17 min
20. Property, plant and equipment (IAS 16)24 min
21. Intangible assets (IAS 38)17 min
22. Impairment of assets (IAS 36)17 min
23. Inventories (IAS 2)19 min
24. Provisions, contingent liabilities and contingent assets (IAS 37)17 min
25. Partnership accounts19 min
26. Not-for-profit entities15 min
27. Incomplete records16 min
28. Components of financial statements15 min
29. Accounting policies, estimates and errors (IAS 8)18 min
30. Current income tax in financial statements15 min
31. Share capital, equity and borrowings18 min
32. Preparing simple financial statements19 min
33. Interpreting simple financial statements16 min
34. Computerised accounting systems16 min
35. Digitisation in financial accounting15 min
36. Technology and virtual accounting18 min

Frequently asked questions

Is ICAN A2 Financial Accounting: Exam Prep free?

Most Skillnaija courses can be started free with a free account: your first two courses are free to start, then one new course each month. Some courses are paid; the course page in the app shows whether ICAN A2 Financial Accounting: Exam Prep is one, and its price, before you pay. You can also buy any course on its own for twelve months, or open every course with the All-Access Pass. Certificates are never sold: you earn one by passing the course's project.

How long does ICAN A2 Financial Accounting: Exam Prep take to complete?

4 weeks · ~3 hrs/week. There are 36 lessons, about 11 hours of material in total. You learn at your own pace and your progress is saved.

Do I need any experience to start ICAN A2 Financial Accounting: Exam Prep?

Professional exam. You can start from scratch — no prior experience is assumed.

What will I learn in ICAN A2 Financial Accounting: Exam Prep?

You will build practical skills in Double entry and books of prime entry, Reconciliations, Financial statements, Partnership and company accounts, Accounting standards at Foundation level. Every lesson is written for a Nigerian context, with examples drawn from how the work is actually done and paid for here.

Do I get a certificate for ICAN A2 Financial Accounting: Exam Prep?

Yes, but it has to be earned. You complete the course project and submit it for grading. Passing the project issues a verifiable certificate; finishing the lessons alone does not.

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