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BS Accounting

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BS ACCOUNTING & FINANCE BS ACCOUNTING BS FINANCE Dept. of Accounting & Law Program Objective To develop Accounting and Finance professionals with world class ... – PowerPoint PPT presentation

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Title: BS Accounting


1
BS Accounting FinanceBS
AccountingBS 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 CFAs
    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 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

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 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.

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 4 12
  • Non-specialized 10 30
  • Accounting 14 44
  • Finance 14 44
  • Total 42 130

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13
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

17
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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
  • 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

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
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
  • 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
  • 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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