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Ican Nigeria Past Questions and answers in pdf Format

This implies that you get the ICAN past questions and answers hand out. You shall learn how to get that here.

Every year, ICAN opens admission for new students. And these students undergo an examination process to authenticate their admission. Thus, this year, the same thing will be done.

Before looking at the ICAN past questions and answers, note. The following are some of the aims and objectives of ICAN

(i) To determine what standards of knowledge and skill are to be attained by persons seeking to become members of the accountancy profession. And to raise those standards from time to time as circumstances may permit;

(ii) Also, secure in accordance with the provision of the Act, the establishment and maintenance of the registers of fellows, associates and registered accountants entitled to practice as accountants and auditors. And to publish from time to time a list of those persons.

(iii) Also, to perform, through the Council of the Institute, all other functions conferred on it by the Act.

How is Ican Past Questions Patterned?

It is 100% multiple-choice format and We have made it very easy for you. we bring all the questions for many years and put them together but we indicate the specific years for all questions. We provide the correct answers in order to save your time. All you need to do is to devote quality time to study the Past Questions and watch yourself change the narrative by scoring better.

The areas in which these material covers includes;

  • ICAN Foundation Exams Questions
  • Skills Exams Questions
  • ICAN Professional Exams Questions
  • ICAN Intermediate Exams Questions

Under Foundation Exams Questions are; Financial Accounting, Management Information, Quantitative Techniques in Business, Business and Finance, Business Law.

Under Skills Exams, the Questions are; Financial Reporting, Taxation, Performance Management, Audit and Assurance, Public Sector, Accounting and Finance, Management and Governance Ethics.

Under Professional Exams Questions are; Corporate Reporting, Advanced Taxation, Strategic Financial Management, Advanced Audit, and Assurance.

Under Intermediate Exams Questions are; Costing and Quantitative Techniques, Audit and Assurance, Taxation, Business communication, and Research methodology

Whether you’re in this circumstance or not, you’ve come to the proper place if you want to pass ICAN examinations.

We’ve gathered all of the prior ICAN test questions and provided correct solutions based on ICAN marking syllables.

Why you need a past questions

  • It enlightens you on the scope of the exam
  • Furthermore, you won’t be in the dark about questions to expect in the examination.
  • Also, you won’t need support rather you’ll be confident in yourself
  • You won’t develop examination fever as a result of not knowing where the questions will be coming from.
  • Additionally, it equips you beforehand.
  • Lastly, it guides you on how to answer exam technical questions

ICAN Past Questions Sample

In other to know that we are giving out the original ICAN Past Questions, we have decided to give you some free samples as proof of what we said earlier.

(1) Which of the items listed below is NOT an example of distribution overheads?

  • Upkeep and running of delivery vans
  • Samples and displays
  • Warehouse wages and salaries
  • Packing cases
  • Loading expenses

(2) Wages are paid at an agreed rate per hour, day or week without reference to work done in the following circumstances EXCEPT

  • Factory operatives’ work.
  • General laborers’ work.
  • Supervisors and inspectors’ work.
  • Where supervision is close.
  • Where measurement of work would not be simple.

(3) Which of the under-listed factors is NOT considered in computing Economic Order Quantity (EOQ)?

  • Reorder level
  • Annual demand
  • Cost of holding stock
  • Cost of ordering
  • Storage facility

(4) Over-absorption of overheads occurs where

  • Absorbed overheads exceed budgeted overheads.
  • Actual overheads exceed absorbed overheads.
  • Budgeted overheads exceed absorbed overheads.
  • Absorbed overheads exceed actual overheads.
  • Over-absorbed overheads exceed budgeted overheads.

(5) In marginal costing techniques, breakeven point is the level of activity where contribution is equal to

  • Profit plus tax.
  • Fixed cost plus profit.
  • Gross profit.
  • Fixed cost only.
  • Variable cost plus fixed cost

(6) In marginal costing techniques, breakeven point is the level of activity where contribution is equal to

  • Profit plus tax.
  • Fixed cost plus profit.
  • Gross profit.
  • Fixed cost only.
  • Variable cost plus fixed cost.