BS Accounting

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BS Accounting FinanceBS
AccountingBS Finance

• Dept. of Accounting Law

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Program Objective

• To develop Accounting and Finance professionals
  with world class competencies and ethical
  standards. To provide opportunities for young
  professionals to acquire not only undergraduate
  academic degree but Professional certification in
  Accounting and Finance, under this program.

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Strategy to achieve the Program Objective

• Design delivery of courses that provide maximum
  flexibility to choose their own career path by
  opting either CA, ACCA, CIMA, CFA, IBP
  International credit transfer
• Main features of the program design are
• University foundation courses to broaden
  knowledge base and improve skills competencies
• Rigorous set of core subjects for specializing
  either in Accounting, Finance or both
• A broad set of Electives drawn from the IBA
  undergraduate curriculum with minimum
  requirements for meeting the criteria for majors
• Personal effectiveness and development courses to
  help groom a well rounded personality
• Internships attachments specific to the career
  path
• Research courses in both Accounting Finance
• Intensive use of the technology to equip the
  graduates with the latest analytical tools
  techniques

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Preparatory Work Done

• Course outlines, contents, sequencing,
  Pre-requisites, course objectives outcomes
  developed in close consultation with all the
  major professional bodies
• ICAP has, for the first time in their history,
  have agreed to grant exemptions up to Module D
  for those who successfully complete this
  undergraduate degree
• IBP has waived off appearances at all three
  levels of examinations and replaced it with only
  ONE comprehensive examination
• ACCA has exempted FOUR examinations review is
  underway for five more exemptions
• CFA does not grant, as a principle, any
  exemptions but close mapping has been done in
  Finance courses, that facilitate qualifying CFA
  examinations

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Available Options for Students

• Professional Options

• Academic Options

• Students by choosing a single route may opt to
  become
• Chartered Accountant
• Chartered Certified Accountant
• Chartered Management Accountant
• Chartered Financial Analyst
• Junior Associate of Institute of bankers

• On academic front, students have two ADDITIONAL
  options
• Students can attain a degree of BS in Accounting
  by taking 3 extra papers of Accounting.
• Likewise, students also have the option of
  awarding a degree of BS in Finance by taking 3
  extra papers of Finance.

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Professional bodies Partnership

• ICAP (Exempt up till Module D)
• ACCA (Exempt up till F4 Other exemptions
  F5-F9 are under consideration)
• CIMA (Program design supports future exemptions)
• CFA (Program is structured to cover CFAs
  curriculum)
• IBP (Only ONE comprehensive exam replaces all
  three levels)

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Course Layout for Undergraduate students

• Total Credit Hrs. Credit hrs. for
  a Major
• HEC 124-136 51-63
• LUMS 130 76
• IBA
• BS Accounting Finance 1308 88
• BS Accounting 130 8 88
• BS Finance 130 8 88
• IBA has 16 weeks internship program equivalent
  to 8 credit hrs. in addition to 130 credit hrs.
  of course work

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Eligibility Criteria Challenge Test

• A Higher secondary school certificate with a
  minimum of 60 marks.
• A levels with a minimum of 1 B and 2 Cs in
  principal subjects (including Mathematics) such
  that there should be no grade less than C
  across the 3 principal subjects.
• American high school diploma with a minimum of
  80 or an international Baccalaureate with at
  least 30 points out of 45.
• Entrance Test be based on English and Math only
• Note
• Placement Test (English and Math) will be taken
  for all the students.
• Students weak or failing the subject will be
  given foundation courses of Math and English as
  pre-requisite before starting the degree courses.
  

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Transfer Students

• Eligibility Criteria must be met
• Maximum of 10 courses can be transferred from
  foreign universities and LUMS
• Grade of B or better would qualify for the
  transfer
• Transfer credits from professional certification
  will depend on the following
• Exams taken for the certification program should
  be recognized by HEC for course equivalency
• Transfer credits for ICAP, ACCA, CIMA, CMA and
  IBP related courses
• Grading for certification is not relevant as most
  rely on
• Pass or Fail only
• Relative grading to control the passing rate

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Courses Credit Hours(Major Accounting and
Finance)

• Particulars Courses Credit Hours
• University core 4 12
• Non-specialized 10 30
• Accounting 14 44
• Finance 14 44
• Total 42 130

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Courses Credit Hours(Major Accounting)

• Particulars Courses Credit
  Hours
• University core 4 12
• Non-specialized 10 30
• Accounting 17 53
• Finance 11 35
• Total 42 130

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Courses Credit Hours(Major Finance)

• Particulars Courses Credit
  Hours
• University core 4 12
• Non-specialized 10 30
• Accounting 11 35
• Finance 17 53
• Total 42 130

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Recommended Semester-wise sequence of Courses

• Semester 1(Mandatory)

• Semester 2

• No. Course code
• 1 SSC101
• 2 SSC201
• 3 SSC151
• 4 SSC301/SSCXX
• 5 MTS102
• 6 ECO103

• No. Course code
• 1 MTS202
• 2 ECO104
• 3 MGT221
• 4 MKT201
• 5 MTS101
• 6 NS-Elective

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Recommended Semester-wise sequence of Courses

• Semester 3

• Semester 4

• No. Course code
• 1 NS-Elective
• 2 NS-Elective
• 3 ACC210
• 4 FINC201
• 5 ACC220
• 6 FIN301

• No. Course code
• 1 ACC215
• 2 FIN558
• 3 LAW301
• 4 LAW205
• 5 FIN401
• 6 MTS103

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Semester 5 8

• Students have the option of choosing Electives
  during this time period including an 8 weeks
  internship program.

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Challenges

• Ensuring Uniformity Continuity in
  Standardization of
• Course Outlines
• Lectures Exams
• Preparation teaching of Pakistan based Case
  studies
• Upgrade technology from time to time to remain
  ahead of the competitors
• Hiring faculty resource of high caliber

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Administrative structure to meet these Challenges
Professional Advisory Committee
Employers Advisory Committee
Dept. of Accounting Law
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Roles

• Professional Advisory Committee

• This 9 members consultative committee consists
  of representatives of professional bodies, banks
  academia. It is established to perform the
  following tasks
• Monitor the curriculum.
• Establish a framework to Operationalize this
  program as per the desired vision.
• Bridge the gap between Academia professional
  bodies

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Roles

• This committee will consist of Employers from
  various organizations. The prospective members
  have been identified and we are in the process of
  obtaining their approval. This committee will
  perform the following tasks
• Employers will highlight the expected skills
  level adaptability of these graduates in the
  dynamic business world.
• This committee will suggest the improvements in
  the curriculum practical training.

• Employers
• Advisory
• Committee

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Roles

• Coordinator

• Coordinator has the following responsibilities
• To Operationalize the recommendations of both
  committees.
• To perform his duties under directives of the
  Chairpersons of departments of Accounting
  Finance.
• Continuous monitoring of curriculum, lectures
  related matters to ensure standardization.