Chartered Institute Of Management Accountants Of Nigeria Exemption Guidelines

The Chartered Institute Of Management Accountants Of Nigeria, exemptions are granted as shown below, only by section or part and no individual subject exemptions are granted.

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1. The only exception to this general rule is that holders of certain approved accountancy qualifications are granted exemption from final examination for membership of the following institute:
* Institute of Chartered Accountants of Nigeria (ICAN)
* Institute of Chartered Secretaries and Administrators (ICSA)
* Association of National Accountants of Nigeria (ANAN)
* Institute of Certified Public Accountants (ICPA)
* Association of Cost and Executive Accountants of Nigeria (ACEAN)
* The Chartered institute of Purchasing and Supply Management (CIPSM)
* Chartered Institute of Bankers of Nigeria (CIBN)
* The National Institute of Marketing of Nigeria (NIMN)
* University Degree in the field of Accountancy from an Approved University or University Degree in other related fields
* Diploma in Accountancy from Approved High Institutions/Technologies and
* Lastly, Other qualifications which the council body deem appropriate after review for exemption purpose.

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2. ACIB &ACII: Exemption is granted from all Foundation, Intermediate and subject-by-subject at P/E I level

3. ACTI: Every subjects in Foundation, Intermediate Nigeria Taxation and Tax management in P/E I

4. Approved degrees means those deemed fit to officially approved for exemption purposes by the Institute.

EXEMPTION GUIDELINES
Academic qualifications exemption From
a. B.Sc/HND in field of Accounting
1. All Foundation level Intermediate level and P/E 1 level
b. PH.D (Accountancy)
2. All foundation, Intermediate PE 1 Financial management Accounting strategy and Management accounting IT Information strategy at P/E II .
c. B.Sc/HND (in other related field of studies)
3. Exemptions subjects by subjects at all levels with exceptional at professional examination Section II. These are the only exemptions at present granted.

The professional Examination in section II is the ultimate test of competence for all candidates and will not be subject to exemption under any circumstance. furthermore, no exemption is granted on the strength of incomplete qualifications.

Candidates who consider that they may be eligible for exemption under the above regulations should write to the institute stating all qualifications held, enclosing relevant copy certificates and specifying the exemptions sought. All the copy of tendered certificates must be certified, as being true and unaltered copies of the originals. Original certificates must not be sent. A fee is charged for the granting of exemption. All candidates that are granted such exemptions are reminded that the institute assumes that they are competent in the subjects from which they have been exempted.

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