The minimum educational requirement for student admission is the Senior School Certificate Examination (SSCE) with credit in five subjects, which must include English Language and Mathematics. Ordinary pass in either English Language or Mathematics may be considered for applicants with a Bachelor’s Degree/Higher National Diploma.

Full information about the examination is contained in the syllabus and applicants are enjoined to read it carefully. Candidates must have been admitted as student members at least one month before the examination date.

The examining process is in 6 stages, which are:

Foundation I
  • Literature of Western World
  • Engineering Mathematics I(Mechanics)
  • Technical English I
  • Logic and Reasoning
  • World History
  • Business Psychology
  • College Algebra
  • Introduction to Computer
  • Citizenship
  • Foundation of Financial Mathematics
  • Foundation II
  • Engineering Mathematics II (Electricity)
  • Financial Analysis
  • Technical English II
  • Introduction to Differentiation
  • Statistical Analysis
  • Cost and Costing
  • Introduction to Integration
  • Probability Distribution Theory
  • Vector Analysis
  • Foundation III
  • Linear Algebra
  • Complex Analysis
  • Technical English III
  • Chemistry (Inorganic)
  • Mathematical Modeling
  • General Management
  • Strategic Management
  • Engineering Mathematics III (Wave & Light )
  • Sequences and series
  • Technical Competency
  • Computer mathematics
  • Financial Research
  • Regional Planning ( Nigeria )
  • Technical English IV
  • Fourier Analysis
  • Group and Functional Theory
  • Micro – Economics
  • Financial Management
  • Foundation in Financial Accounting
  • Financial Topology
  • Professional Examination I
  • Macroeconomics
  • Quantitative Techniques
  • Technical English IV
  • Monetary Banking and Currency System
  • Engineering Mathematics III ( Nuclear/Atomic Energy )
  • Chemistry (organic) II
  • Business Forecasting
  • Taxation in Region
  • Operation Research and Optimization Theory
  • Professional Examination II
  • Econometrics
  • Matrices and Application
  • Real Analysis
  • Advanced Financial Accounting
  • Advanced Taxation
  • International Economics
  • Chemistry (Physical) III
  • Management Accounting
  • Public Accounting and Finance
  • Thesis & Dissertation
  • Apply Here


    Foundation I is the starting point for holders of WASSCE/NECO/GCE Ordinary Level.

    They must however possess the minimum entry requirements.

  • Holders of OND/NCE and or its equivalent in Accounting, Mathematics, Engineering or Statistics shall begin from Foundation II.
  • Holders of Bachelor’s Degree/HND in Accounting, Mathematics, Engineering or Statistics shall begin from Professional Examination I.
  • Holders of Bachelor’s Degree/HND in other disciplines shall begin from Technical Competency
  • Candidates who are 30 years and above with a minimum of five (5) credits which must include English Language and Mathematics at “O” level and its equivalent will start from Foundation II.
  • Holders of higher degrees (e.g. M.A./M.Sc/MBA/M.Phil/Ph.D) in relevant disciplines shall begin from PE I.
  • Holders of higher degrees in other disciplines shall begin from Technical Competency.
  • Candidates who hold the Associate certificate, by Examination only, of other relevant and recognized Institutes with a Bachelor’s Degree/HND and possess the requisite five credits at Ordinary level shall begin from PE I upon submission and acceptance of the student’s transcript from such Institute.
  • Holders of Associate Certificate of ICFM with over 10 years practice experience shall be considered for Fellowship of the Institute in accordance with Board Approval.
  • Preparation for the Examination

    Candidates are to prepare for examination by attending lectures at the Institute’s accredited study centers. In addition to lectures, students will find as provided in the syllabus recommended texts for each subject. Also candidates will be provided with customized study packs (for all subjects) at a fee upon registration for each diet of examination. On completion of the examination and the final professional requirements, the candidate shall attend the Induction ceremony during which he/she shall be admitted to the grade of Associate.

    Scroll to Top