ICAN CA Foundation case studies
ICAN CA Foundation · Put your knowledge to work in context.
The ICAN CA Foundation is the entry level of the Chartered Accountancy pathway administered by the Institute of Chartered Accountants of Nepal (ICAN). It is aimed at students who have completed secondary schooling and intend to qualify as a chartered accountant in Nepal, and it serves as the gateway to the intermediate and final levels of the CA programme. The ICAN CA Foundation case studies are 5 cases and about 4,344 words.
1Depreciation, Revenue Expenditure and the 'Immaterial' Argument
Adunni Foods Ltd is a family-owned food manufacturer in Ibadan with a 31 December year end. Its draft profit before tax for 2024 is ₦8,400,000, and total assets are ₦150,000,000.
875 words, about 4 min2Reducing-Balance Lending versus Flat Rate
Tara Microfinance Bank's Nsukka branch is assessing a ₦2,400,000 loan application from a market traders' association that wants to buy a cold room. The bank lends at 2% per month on the reducing balance, repayable in 12 equal monthly instalments, the first falling due one month after drawdown.
839 words, about 4 min3Spare Capacity, a One-off Export Order and a Price Rise
Zaria Packaging Ltd produces cartons for food processors. Plant capacity is 120,000 cartons a year and current output is 96,000.
827 words, about 4 min4Counter-Offer, Apparent Authority and an Obvious Invoice Error
On 3 February Golden Grain Ltd, a rice miller in Kebbi, emailed Chidi Stores offering 600 bags of rice at ₦8,000 a bag, delivery within 14 days, the offer to remain open for seven days. On 5 February Chidi replied by email: 'We will take the 600 bags at ₦7,600 a bag, delivery included, payment in 30 days.' Golden Grain sent no reply, but on 13 February delivered 600 bags to Chidi's warehouse with an invoice for ₦4,560,000 on 30-day terms.
943 words, about 5 min5Bank Reconciliation and a Cashier's Three-Week Shortage
Ogun Retail Ventures is a building-materials partnership with a 31 March year end. At 31 March 2025 its cash book showed a debit balance of ₦1,845,000 while the bank statement showed a credit balance of ₦1,915,000.
860 words, about 4 min