Introduction
The BS (Accounting & Finance) is a highly specialized degree, preparing the graduate as having expertise in Accountancy and Finance. The students will acquire the knowledge and technical skills needed to analyze accounting/finance and business problems, and they will understand how best to communicate and use financial information to support business decisions. The degree offers specialization in Accounting and/or Finance.
With the management of financial information underpinning all business activities, there are more employment and career opportunities in accounting and finance than many other areas of study. This degree will prepare students for a rewarding career in any sector of the economy. The graduates may work as a Financial Accountant, Forensic Accountant, Management Accountant, Auditor, Chief Financial Officer, Financial Advisor and Tax Specialist.
Program Objective
The BS (Accounting & Finance) program is aimed at giving students a solid foundation in accounting and finance, rounded out with the all-important interpersonal, computer, and business communication skills critical for success in today’s business environment. The degree will give students an understanding of the legal and regulatory environment that commercial organizations and accounting professionals must work within. They will be able to identify and evaluate ethical dilemmas and provide logical ways to resolve them. They will learn the concepts and processes needed to protect, validate and attest to the integrity and reliability of financial information.
By studying financial institutions, markets, and business finance, students will learn about the components of the financial system and how it impacts upon financial decisions in an organization. Students will study the financial system, institutions, and financial instruments, which are involved with the transfer of funds between individuals, businesses and governments. This includes critical short-run decisions, such as cash management and credit policy, which affect the survival of the organization. Long-term decisions include investment in plant and equipment, fundraising, and mergers and takeovers, all of which determine the wealth of the owners.
Degree Requirements
The BS (Accounting & Finance) is of a 4 year duration, spread over 8 regular semesters, and consists of 130-136 credit hours of studies. The normal duration for completion of BS (Accounting & Finance) Degree is 8 semesters over a period of 4 years. The maximum duration for obtaining BS (Accounting & Finance) degree shall be 7 years.
Eligibility for Admission
FA/FSc or Equivalent qualifications with at least second division, securing 45% marks in aggregate.
Qualifying the admission test and interview is compulsory. A candidate scoring less than 40% marks in the test and interview will stand disqualified for admission.
Candidates who have secured at least 40% in the Institute’s own test/NTS-NAT or any other test required by HEC are also eligible to apply.
The merit of a candidate shall be measured by a 50 % weight age to the marks obtained in HSSC or equivalent, 40 % to the marks obtained in the written test, and 10% to the marks obtained in the interview.
A candidate shall be given a special credit of thirty marks for admission in each program mentioned above if he/she has studied Economics / Psychology / Computers / English Advance and Home Economics at intermediate level or has done A level.
A candidate shall be given a special credit of sixty marks for admission in each program mentioned above if he/she has studied Economics/Psychology/Computers/ English Advance in combination with each other or in combination with Statistics at intermediate level or has done A level business studies.
The Hafiz Quran shall be given a special credit of 20 marks.
The credit marks shall be added to the marks obtained at HSSC or equivalent, subject to fulfilment of basic eligibility criteria of 45% marks
Semester Wise Breakup of Courses
| Semester 1 | |||
| Code | Course Title | Credit Hours | Category |
| ACC 301 | Fundamentals of Accounting | 3 | Major or Disciplinary |
| BUS 301 | Introduction to Business | 3 | Interdisciplinary |
| MGT 301 | Principles of Management | 3 | Interdisciplinary |
| ENG 301 | English (General) | 3 | GE-Expository Writing |
| ICT 301 | Office Management Tools | 3 | GE-Applications of Information and Communication Technologies |
| MTH 401 | Business Mathematics | 3 | GE-Quantitative Reasoning |
| Semester2 | |||
| Code | Course Title | Credit Hours | Category |
| ACC 305 | Financial Accounting | 3 | Major or Disciplinary |
| ENG 302 | English (Functional) | 3 | GE-Functional English |
| ENI 301 | Entrepreneurship | 3 | GE-Entrepreneurship |
| ECO 305 | Principles of Microeconomics | 3 | Interdisciplinary |
| HSS 303 | Ideology and Constitution of Pakistan | 2 | GE-Ideology and Constitution of Pakistan |
| HSS 305 | Fundamentals of Islamic Studies | 2 | GE-Islamic Studies |
| Semester 3 | |||
| Code | Course Title | Credit Hours | Category |
| XXX XXX | Foreign Language (XXXX) | 2 | GE-Arts and Humanities |
| HSS 304 | Introduciton to Sociology | 2 | GE-Social Sciences |
| ACC 451 | Management Accounting | 3 | Major or Disciplinary |
| FIN 401 | Business Finance | 3 | Major or Disciplinary |
| ECO 306 | Principles of Macroeconomics | 3 | Interdisciplinary |
| STA 402 | Descriptive Statistics | 3 | GE-Quantitative Reasoning |
| Semester 4 | |||
| Code | Course Title | Credit Hours | Category |
| NSC 301 | Science of climate change and its implications for development | 3 | GE-Natural Sciences |
| HSS 401 | Civics and Community Engagement | 2 | GE-Civics and Community Engagement |
| COM 501 | Professional Communication (Theory) | 3 | Interdisciplinary |
| FIN 411 | Financial Management | 3 | Major or Disciplinary |
| LAW 411 | Business Law | 3 | Major or Disciplinary |
| XXX XXX | Accounting Elective – I | 3 | Major or Disciplinary |
| Semester 5 | |||
| Code | Course Title | Credit Hours | Category |
| ACC 501 | Accounting Information System | 3 | Major or Disciplinary |
| AUD 505 | Audit and Assurance | 3 | Major or Disciplinary |
| FIN 511 | Financial Markets and Institutions | 3 | Major or Disciplinary |
| FIN 595 | Corporate Finance | 3 | Major or Disciplinary |
| XXX XXX | Finance Elective – I | 3 | Major or Disciplinary |
| Semester 6 | |||
| Code | Course Title | Credit Hours | Category |
| MKT 311 | Principles of Marketing | 3 | Interdisciplinary |
| RES 501 | Research Methodology | 3 | Interdisciplinary |
| TAX 501 | Fundamentals of Taxation | 3 | Major or Disciplinary |
| XXX XXX | Accounting Elective – II | 3 | Major or Disciplinary |
| XXX XXX | Finance Elective – II | 3 | Major or Disciplinary |
| Semester 7 | |||
| Code | Course Title | Credit Hours | Category |
| BNK 601 | Commercial and Central Banking | 3 | Major or Disciplinary |
| FIN 601 | Computer Applications in Finance | 3 | Major or Disciplinary |
| XXX XXX | Accounting Elective – III | 3 | Major or Disciplinary |
| XXX XXX | Finance Elective – III | 3 | Major or Disciplinary |
| XXX XXX | Finance Elective – IV | 3 | Major or Disciplinary |
| Semester 8 | |||
| Code | Course Title | Credit Hours | Category |
| RES 693 | Bachelor’s Iternship/Fieldwork | 3 | Field Experience/Internship |
| XXX XXX | Accounting Elective – IV | 3 | Major or Disciplinary |
| XXX XXX | Accounting Elective – V | 3 | Major or Disciplinary |
| RES 694 | Bachelor’s Capstone Project | 3 | Capstone Project |
| XXX XXX | Finance Elective – V | 3 | Major or Disciplinary |
| XXX XXX | Accounting Elective – VI | 3 | Major or Disciplinary |
| Electives (Accounting) | ||
| Code | Course Title | Credit Hours |
| ACC 405 | Advanced Financial Accounting | Three (03) |
| ACC 505 | Financial Reporting | Three (03) |
| ACC 511 | Accounting Theory | Three (03) |
| ACC 551 | Advanced Management Accounting | Three (03) |
| ACC 605 | Advanced Financial Reporting | Three (03) |
| ACC 611 | Actuarial | Three (03) |
| AUD 605 | Advanced Audit and Assurance | Three (03) |
| LAW 515 | Corporate Law | Three (03) |
| MGT 505 | Corporate Governance | Three (03) |
| TAX 605 | Advanced Taxation | Three (03) |
| TAX 651 | Tax Management and Optimization | Three (03) |
| Electives(Finance) | ||
| Code | Course Title | Credit Hours |
| BNK 515 | International Banking | Three (03) |
| FIN 501 | Financial Statement Analysis | Three (03) |
| FIN 561 | Public Sector Financial Management | Three (03) |
| FIN 605 | Contemporary Issues in Finance | Three (03) |
| FIN 615 | Regulations in Financial Markets | Three (03) |
| FIN 635 | International Financial Management | Three (03) |
| FIN 685 | Investment Analysis and Portfolio Management | Three (03) |
| MKT 651 | Marketing of Financial Services | Three (03) |
| STA 625 | Econometrics | Three (03) |
Accounting Specialization
In case of specialization in Accounting, students will have to study 15 courses of Accounting (7 core and 8 elective) along with 9 courses of Finance (6 core and 3 elective). There will be no change in institute core courses and non-specialized mandatory courses.
Finance Specialization
In case of specialization in Finance, students will have to study 14 courses of Finance (6 core and 8 elective) along with 10 courses of accounting (7 core and 3 elective). There will be no change in institute core courses and The Program Coordinator can offer courses from the variety of electives in an area of specialization depending upon the availability of faculty and changing market trends. The list of elective courses is not exhaustive and new courses can be added once approved from the Academic Committee of the Institute.
