BS Accounting & Finance BS Accounting BS Finance

BS ACCOUNTING & FINANCEBS ACCOUNTINGBS FINANCE

Dept. of Accounting & Law

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.

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

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

Available Options for Students

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.

Professional Options Academic Options

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 CFA’s curriculum)

• IBP (Only ONE comprehensive exam replaces all three levels)

Course Layout for Undergraduate students

Total Credit Hrs. Credit hrs. for a Major

HEC 124-136 51-63LUMS 130 76IBA• BS Accounting & Finance 130+8* 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

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 ’C’s 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 onlyNote: 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.

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

Courses & Credit Hours(Major: Accounting and

Finance)Particulars Courses Credit HoursUniversity core 4 12

Non-specialized 10 30

Accounting 14 44

Finance 14 44

Total 42 130

BS ACCOUNTING AND FINANCE

COURSE DIVISION (Total Credit Hours: 130) University Core

Courses (compulsory

requirements) 4 Courses: 12 Credit Hours

Non-Specialization Area 10 Courses: 30 Credit

Hours (7 courses are

mandatory and 3 courses to be chosen

from other departments)

Accounting

14 Courses: 44 Credit Hours

Finance


English Grammar and Composition; SSC101 Speech Communication; SSC201 Pakistan History ; SSC151 Islamic Studies/ Ethics; SSC301/ SSCXX

Mandatory: Introduction to Statistics; MTS102 Statistical Inference; MTS202 Principles of Microeconomics; ECO103 Principles of Macroeconomics; ECO104 Organizational behaviour; MGT221 Principles of Marketing; MKT201 Calculus-1 & Plane geometry; MTS101 Electives: Mathematical methods; MTS112 Foundation of Human Behavior; SSC102 Social Psychology and Self Development; SSC103 Calculus-II and Solid Geometry; MTS201 International Relations; SSC111 Principles of Management; MGT201 Human Resource Management; HRM401 Development Economics; ECO301 Executive leadership; HRM455 Applied Probability; MTS112 Introduction to Econometrics: ECO341 International Trade; ECO412

Core 7 Courses: 23 Credit Hours

Electives 7 Courses: 21 Credit

Hours

Core 6 Courses: 20 Credit

Hours

Electives 8 Courses: 24 Credit Hours

Principles of Accounting; ACC210 Management Accounting; ACC220 Financial Accounting; ACC215 Taxation (Direct & Indirect); LAW303 Business Law; LAW205 Independent study (Accounting); ACC301 4 CREDIT HRS. Computer Applications; MIS103/ACC222 4 CREDIT HRS.

Advanced Managerial Accounting; ACC310 Financial Reporting; ACC315 Accounting information Systems (For Small to Medium Enterprises); ACC507 Corporate Governance; LAW553 Business Analysis and Decision Making; ACC312 Legal and Regulatory Environment ; LAW501 Strategic Management; MGT552 Auditing; ACC320 Corporate Law; LAW305 Advanced Financial Reporting; ACC401 Essential Software; MIS150

Introduction to Business Finance; FIN201 Financial Institutions and Markets; FIN301 Regulations & Financial Markets; FIN558 Financial Management; FIN401 Financial Modeling; FIN574 4 CREDIT HRS. Independent study (Finance); FIN310 4 CREDIT HRS.

Investment Banking; FIN451 Treasury and Funds Management; FIN565 Financial Risk Management; FIN456 Advance Portfolio Management and Wealth Planning; FIN563 Corporate Finance; FIN454 Financial Econometrics; FIN569 Public Finance; ECO451 Alternative Investments; FIN305 Real Estate Investments: Analysis and Financing; FIN308 International Banking; FIN310 Behavioral Finance (with lab- 4 credit); FIN312 Venture Capital and the Finance of Innovation; FIN405 Buyouts and Acquisitions; FIN410 Corporate Restructuring; FIN315 Empirical Research in Finance; FIN320 Advanced Corporate Finance; FIN560 International Finance; FIN452

BS ACCOUNTING AND FINANCE


Courses (compulsory






Accounting


Finance


Electives: Global Economic and Political Environment; ECO517 Marketing management; MKT501 Politics & Law; LAW105 Business mathematics & linear Algebra; MTS211



Hours


Hours


Data Mining; ACC325 Tax Management and Optimization; LAW401 Actuarial Courses; ACC415 FCS basic Programming related courses; ACC416

Security Analysis (4 credit-lab); FIN453 Fixed Income Investments; FIN425 Derivatives; FIN457 Portfolio Management (4 credit-lab); FIN455 Branch banking; FIN425 Lending- Products, operations & risk management; FIN426 Finance of international trade & related treasury operations; FIN427 Marketing of financial services; FIN428 Information technology in Financial services; FIN429

CA & ACCA’s Professional Requirement

CFA’s Professional Requirement

IBP’s Professional Requirement

Courses & Credit Hours(Major: Accounting)

Particulars Courses Credit HoursUniversity core 4 12


Accounting 17 53

Finance 11 35

Total 42 130

BS ACCOUNTING


Courses (compulsory






Accounting


Finance







Hours






BS ACCOUNTING


Courses (compulsory






Accounting


Finance






Hours







Courses & Credit Hours(Major: Finance)

Particulars Courses Credit HoursUniversity core 4 12


Accounting 11 35

Finance 17 53

Total 42 130

BS FINANCE


Courses (compulsory






Accounting


Finance






Hours


Hours






BS FINANCE


Courses (compulsory






Accounting


Finance





Hours


Hours







Documents

BS Accounting & Finance BS Accounting BS Finance