1. BS Accounting & Finance BS Accounting BS Finance
Dept. of Accounting & Law

2. 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.

3. 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

4. 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

5. 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.

6. 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)

7. Course Layout for Undergraduate students
Total Credit Hrs Credit hrs. for a Major
HEC
LUMS
IBA
BS Accounting & Finance *
BS Accounting *
BS Finance *
* IBA has 16 weeks internship program equivalent to 8 credit hrs. in addition to 130 credit hrs. of course work

8. 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.

9. 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

10. Courses & Credit Hours (Major: Accounting and Finance)
Particulars Courses Credit Hours
University core
Non-specialized
Accounting
Finance
Total

13. Courses & Credit Hours (Major: Accounting)
Particulars Courses Credit Hours
University core
Non-specialized
Accounting
Finance
Total

16. Courses & Credit Hours (Major: Finance)
Particulars Courses Credit Hours
University core
Non-specialized
Accounting
Finance
Total

19. 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

20. Recommended Semester-wise sequence of Courses
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

21. Semester 5 – 8
Students have the option of choosing Electives during this time period including an 8 weeks internship program.

22. 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

23. Administrative structure to meet these Challenges
Professional Advisory Committee
Employers’
Advisory
Committee
Dept. of Accounting & Law

24. Professional Advisory Committee
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

25. 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.
Employers’
Advisory
Committee

26. Roles Coordinator has the following responsibilities: Coordinator
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.