BS Accounting & Finance - Institute of Business Administration

Report
BS ACCOUNTING & FINANCE
BS ACCOUNTING
BS 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
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.
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.
HEC
LUMS
IBA
•
BS Accounting & Finance
•
BS Accounting
•
BS Finance
124-136
130
130+8*
130 +8*
130 +8*
Credit hrs. for a
Major
51-63
76
88
88
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 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.
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 Hours
University core
4
12
Non-specialized
Accounting
Finance
10
14
14
30
44
44
Total
42
130
BS ACCOUNTING AND FINANCE
COURSE DIVISION (Total Credit Hours: 130)
University Core
Courses
(compulsory
requirements)
4 Courses: 12
Credit Hours
English Grammar and
Composition; SSC101
Speech Communication;
SSC201
Pakistan History ;
SSC151
Islamic Studies/ Ethics;
SSC301/ SSCXX
Non-Specialization Area
10 Courses: 30 Credit
Hours
(7 courses are
mandatory and 3
courses to be chosen
from other departments)
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
Accounting
14 Courses: 44 Credit Hours
Core
7 Courses: 23
Credit Hours
Electives
7 Courses: 21 Credit
Hours
Finance
14 Courses: 44 Credit Hours
Core
6 Courses: 20 Credit
Hours
Principles of
Accounting; ACC210
Advanced Managerial
Accounting; ACC310
Introduction to Business
Finance; FIN201
Management
Accounting; ACC220
Financial Reporting;
ACC315
Financial Institutions and
Markets; FIN301
Financial Accounting;
ACC215
Accounting information
Systems (For Small to
Medium Enterprises);
ACC507
Regulations & Financial
Markets; FIN558
Electives
8 Courses: 24 Credit Hours
Investment Banking; FIN451
Treasury and Funds Management;
FIN565
Financial Risk Management; FIN456
Taxation (Direct &
Indirect); LAW303
Business Law; LAW205
Corporate Governance;
LAW553
Independent study
(Accounting); ACC301
4 CREDIT HRS.
Business Analysis and
Decision Making;
ACC312
Computer Applications;
MIS103/ACC222
4 CREDIT HRS.
Legal and Regulatory
Environment ; LAW501
Strategic Management;
MGT552
Auditing; ACC320
Corporate Law; LAW305
Advanced Financial
Reporting; ACC401
Essential Software;
MIS150
Financial Management;
FIN401
Financial Modeling; FIN574
4 CREDIT HRS.
Advance Portfolio Management and
Wealth Planning; FIN563
Corporate Finance; FIN454
Financial Econometrics; FIN569
Public Finance; ECO451
Independent study (Finance);
FIN310
4 CREDIT HRS.
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
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
Core
7 Courses: 23
Credit Hours
Electives:
Global Economic and Political
Environment; ECO517
Marketing management;
MKT501
Politics & Law; LAW105
Business mathematics & linear
Algebra; MTS211
Electives
7 Courses: 21 Credit
Hours
Data Mining; ACC325
Tax Management and
Optimization; LAW401
Actuarial Courses;
ACC415
FCS basic Programming
related courses; ACC416
Finance
14 Courses: 44 Credit Hours
Core
6 Courses: 20 Credit
Hours
Electives
8 Courses: 24 Credit Hours
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 Hours
University core
4
12
Non-specialized
Accounting
Finance
10
17
11
30
53
35
Total
42
130
BS ACCOUNTING
COURSE DIVISION (Total Credit Hours: 130)
University Core
Courses
(compulsory
requirements)
4 Courses: 12
Credit Hours
English Grammar and
Composition; SSC101
Speech Communication;
SSC201
Pakistan History ;
SSC151
Islamic Studies/ Ethics;
SSC301/ SSCXX
Non-Specialization Area
10 Courses: 30 Credit
Hours
(7 courses are
mandatory and 3
courses to be chosen
from other departments)
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
Accounting
17 Courses: 53 Credit Hours
Core
7 Courses: 23
Credit Hours
Electives
10 Courses: 30
Credit Hours
Finance
11 Courses: 35 Credit Hours
Core
6 Courses: 20 Credit
Hours
Principles of
Accounting; ACC210
Advanced Managerial
Accounting; ACC310
Introduction to Business
Finance; FIN201
Management
Accounting; ACC220
Financial Reporting;
ACC315
Financial Institutions and
Markets; FIN301
Financial Accounting;
ACC215
Accounting information
Systems (For Small to
Medium Enterprises);
ACC507
Regulations & Financial
Markets; FIN558
Electives
5 Courses: 15 Credit Hours
Investment Banking; FIN451
Treasury and Funds Management;
FIN565
Financial Risk Management; FIN456
Taxation (Direct &
Indirect); LAW303
Business Law; LAW205
Corporate Governance;
LAW553
Independent study
(Accounting); ACC301
4 CREDIT HRS.
Business Analysis and
Decision Making;
ACC312
Computer Applications;
MIS103/ACC222
4 CREDIT HRS.
Legal and Regulatory
Environment ; LAW501
Strategic Management;
MGT552
Auditing; ACC320
Corporate Law; LAW305
Advanced Financial
Reporting; ACC401
Essential Software;
MIS150
Financial Management;
FIN401
Financial Modeling; FIN574
4 CREDIT HRS.
Advance Portfolio Management and
Wealth Planning; FIN563
Corporate Finance; FIN454
Financial Econometrics; FIN569
Public Finance; ECO451
Independent study (Finance);
FIN310
4 CREDIT HRS.
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
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
17 Courses: 53 Credit Hours
Core
7 Courses: 23
Credit Hours
Electives:
Global Economic and Political
Environment; ECO517
Marketing management;
MKT501
Politics & Law; LAW105
Business mathematics & linear
Algebra; MTS211
Electives
10 Courses: 30
Credit Hours
Data Mining; ACC325
Tax Management and
Optimization; LAW401
Actuarial Courses;
ACC415
FCS basic Programming
related courses; ACC416
Finance
11 Courses: 35 Credit Hours
Core
6 Courses: 20 Credit
Hours
Electives
5 Courses: 15 Credit Hours
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: Finance)
Particulars
Courses
Credit Hours
University core
4
12
Non-specialized
Accounting
Finance
10
11
17
30
35
53
Total
42
130
BS FINANCE
COURSE DIVISION (Total Credit Hours: 130)
University Core
Courses
(compulsory
requirements)
4 Courses: 12
Credit Hours
English Grammar and
Composition; SSC101
Speech Communication;
SSC201
Pakistan History ;
SSC151
Islamic Studies/ Ethics;
SSC301/ SSCXX
Non-Specialization Area
10 Courses: 30 Credit
Hours
(7 courses are
mandatory and 3
courses to be chosen
from other departments)
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
Accounting
11 Courses: 35 Credit Hours
Core
7 Courses: 23
Credit Hours
Electives
4 Courses: 12 Credit
Hours
Finance
17 Courses: 53 Credit Hours
Core
6 Courses: 20 Credit
Hours
Principles of
Accounting; ACC210
Advanced Managerial
Accounting; ACC310
Introduction to Business
Finance; FIN201
Management
Accounting; ACC220
Financial Reporting;
ACC315
Financial Institutions and
Markets; FIN301
Financial Accounting;
ACC215
Accounting information
Systems (For Small to
Medium Enterprises);
ACC507
Regulations & Financial
Markets; FIN558
Electives
11 Courses: 33 Credit Hours
Investment Banking; FIN451
Treasury and Funds Management;
FIN565
Financial Risk Management; FIN456
Taxation (Direct &
Indirect); LAW303
Business Law; LAW205
Corporate Governance;
LAW553
Independent study
(Accounting); ACC301
4 CREDIT HRS.
Business Analysis and
Decision Making;
ACC312
Computer Applications;
MIS103/ACC222
4 CREDIT HRS.
Legal and Regulatory
Environment ; LAW501
Strategic Management;
MGT552
Auditing; ACC320
Corporate Law; LAW305
Advanced Financial
Reporting; ACC401
Essential Software;
MIS150
Financial Management;
FIN401
Financial Modeling; FIN574
4 CREDIT HRS.
Advance Portfolio Management and
Wealth Planning; FIN563
Corporate Finance; FIN454
Financial Econometrics; FIN569
Public Finance; ECO451
Independent study (Finance);
FIN310
4 CREDIT HRS.
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 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
11 Courses: 35 Credit Hours
Core
7 Courses: 23
Credit Hours
Electives:
Global Economic and Political
Environment; ECO517
Marketing management;
MKT501
Politics & Law; LAW105
Business mathematics & linear
Algebra; MTS211
Electives
4 Courses: 12 Credit
Hours
Data Mining; ACC325
Tax Management and
Optimization; LAW401
Actuarial Courses;
ACC415
FCS basic Programming
related courses; ACC416
Finance
17 Courses: 53 Credit Hours
Core
6 Courses: 20 Credit
Hours
Electives
11 Courses: 33 Credit Hours
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
Recommended Semester-wise sequence of Courses
Semester 2
Semester 1(Mandatory)
No.
Course code
No.
Course code
1
SSC101
1
MTS202
2
SSC201
2
ECO104
3
SSC151
3
MGT221
4
SSC301/SSCXX
4
MKT201
5
MTS102
5
MTS101
6
ECO103
6
NS-Elective
Recommended Semester-wise sequence of Courses
Semester 3
Semester 4
No.
Course code
No.
Course code
1
NS-Elective
1
ACC215
2
NS-Elective
2
FIN558
3
ACC210
3
LAW301
4
FINC201
4
LAW205
5
ACC220
5
FIN401
6
FIN301
6
MTS103
Semester 5 – 8
Students have the option of
choosing Electives during this time
period including an 8 weeks
internship program.
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
Administrative structure to meet these
Challenges
Professional
Advisory
Committee
Employers’
Advisory
Committee
Dept. of
Accounting &
Law
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
Roles
Employers’
Advisory
Committee
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.
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.

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