RESUMPTION NOTICE FOR PROFESSIONAL STAGES. The Management of ICAN POSSE ASSOCIATES wishes to announce the resumption of Full lectures both regular, extended and intensive classes on Saturday 14/1/2017. Kindly broadcast to everyone. The venue is WTC PRY SCH compound off WTC Bus stop Near University of Nigeria Enugu Campus-UNEC. For more information contact 08038036940.

Good evening accountants, We wish to share an update with you. This will be beneficial to members in practice and students preparing for exams. IASB has issued an amendment, for annual periods beginning on or after 1st January, 2016 on IAS 16, Property, plant and equipment and IAS 41, agriculture. This amendment has reclassified bearer plant under IAS 16, PPE instead of IAS 41. Now what is a bearer plant? A bearer plant is defined as a livingplant that is used in the production or supply of agricultural produce, is expected to bear produce for more than one period and has a remote likelihood of being sold as agricultural produce, except for incidental scrap sales. Example of bearer plants include Palm trees, Mango trees, etc. Under the previous IAS 41, bearer plants are expected to be accounted for using IAS 41 fair value for biological assets. However, the revised IAS 41 and IAS 16 has reclassified this class of biological asset under PPE. This means that after biological assets must have finished undergoing biological transformation and ready to start producing, its fair value should be determined which will be adopted as the deemed cost of the asset. The useful life of the asset should also be determined for depreciation purposes. An entity may wish to apply either the Cost model or Revaluation model as required by IAS 16. Therefore, for members in practice that have clients that own agricultural farms, please note that their bearer plants should be accounted for using IAS 16 and not IAS 41 anymore. It should be included as part of the entity's Property , Plant and Equipments. Thank you. Uchechukwu Chinedu. ACA

Kindly click the link below to view our timetable for ICAN November 2016 lectures as we commence on Saturday, 2nd July, 2016. Remember that early preparation is key to enormous success. For further enquiries, call 08038036940. Thank you. https://drive.google.com/file/d/0Bw97IWfkFWuVUnVvaU1vY1JxYlU/view

While we felicitate with and congratulate our students who were successful in one way or the other in the recently concluded ICAN May 2016 diet, we wish to inform others that still have one course or the other to write including new students that lectures and preparation for the new November 2016 diet will commence on Saturday 2nd July, 2016 for all levels. The lecture has been scheduled and arranged in such a robust and friendly manner which will give new students the opportunity to hone their professional skills in accounting as well as enhance the professional competence and skills of the existing students. For the skills level, we have 1. CLASS A : intensive problem solving class for existing students (Sat & Sun) 2. CLASS B : Extended class for beginners (Fri, Sat & Sun) 3. CLASS C : Regular / Standard Class for beginners (Mon - Sat). Details of the timetable will be communicated to you soon. For further enquiries, kindly call 08038036940 or send an email to chineduuchechukwu@gmail.com .

We wish our students who are currently writing the May 2016 Diet Exams enormous success. May God give you the grace to remember all you have been taught and all you learnt. Amen