Accounting and Finance are the wider context in which any business operates and a business concern indulges for profit enhancement. It includes all aspects of an eco-system i.e. social, cultural, legal, political, etc. that might affect profit seeking activities directly or indirectly. Hence, the study of Accounting & Finance as a discipline endows an individual with a critical insight of not only the reasons behind making or dissolution of a commercial entity but also the economic fortunes of nation-states.
Though the history of Accounting and Finance is as ancient as humanity itself, with the advent of industrialization, fast and more efficient means of communication and globalization, Accounting and Finance have attained unprecedented importance and their study at degree level is highly in demand.
Accounting and Finance are vital business tools that require knowledge and understanding of all the functional areas of a business. Accounting and Finance are of critical importance to both public and private sector organizations.
A major in Finance and Accounting (ACF) provides students with a basis from which to continue their studies for a professional degree or serves as a valuable foundation for a business career. Graduates of this major are prepared for careers in Auditing, Corporate Accounting, Management Consulting, Government, non-profit organizations, taxation etc.
1- Dr. Maryam Ishaq (Head of Department)
2- Naima Hassan Lecturer: Commerce
Once graduated, students will be equipped with adequate knowledge and the skills needed to achieve their desired career goals in the Accounting and Finance industry. Graduates will be enabled to compete in the corporate world with professional accounting certificate holders like CPA, CFA, ACCA, CMA etc. The world of business is global, dynamic and fast-paced. This degree will help students to prosper and succeed in an ever-changing business environment and play their parts in developing the economy. The potential job market for the graduates will be:
Financial Institutions
Accounting Bodies
Economic Forums
Forex and Currency Markets
Finance departments of Organizations throughout the World
BS Accounting and Finance graduates normally carve their careers in financial institutions or finance departments of FMCG (Fast Moving Consumer Goods) and retail companies.
Share of jobs in Accounts and Finance sector for graduates has been growing at a steady pace based on past growth rates and future corporates scenarios.
Through in the beginning (2008-2009), BS Accounting & Finance had the lowest market in the job market, it has been growing steadily and by the end of Year 2015-2016, it is anticipated that its job share will top the market with a significant share of 56%.
Road Map -BS Accounting & Finance ( BSAF) | ||||||||||||
Semester-1 | Credit Hrs | Semester-2 | Credit Hrs | |||||||||
ACCT 121 | Principles of Accounting | 3 | ACCT 222 | Financial Accounting | 3 | |||||||
HUMN 102 | Academic Writing & Reading | 3 | HUMN 102 | Communication Skills | 3 | |||||||
HUMN 104 | Islamic Studies/ Ethics | 2 | HUMN 105 | Pak Studies | 2 | |||||||
GNRL 114 | Introduction to Computers | 3 | MGMT 151 | Principles of Management | 3 | |||||||
MGMT 150 | Introduction to Business | 3 | ECON 141 | MicroEconomics | 3 | |||||||
SSCN 112 | Business math | 3 | SSCN 113 | Business Statistics | 3 | |||||||
Sub-Total | 17 | Sub-Total | 17 | |||||||||
Semester-3 | Credit Hrs | Semester-4 | Credit Hrs | |||||||||
ACCT 223 | Cost Accounting | 3 | AUDT 361 | Auditing | 3 | |||||||
HUMN 103 | Academic Presentation | 3 | BRMS 391 | Business Research Methodology | 3 | |||||||
ECON 142 | Macroeconomics | 3 | FINC 231 | Principles of Finance | 3 | |||||||
MRKT 152 | Marketing | 3 | SSCN 111 | Elementary Mathematics | 3 | |||||||
MGMT 252 | Management Information System | 3 | ECON 343 | Managerial Economics | 3 | |||||||
Sub-Total | 15 | Sub-Total | 15 | |||||||||
Semester-5 | Credit Hrs | Semester-6 | Credit Hrs | |||||||||
MGMT 354 | Entrepreneurship | 3 | ECON 344 | Statistics for Economics | 3 | |||||||
FINC 332 | Financial Management | 3 | BLAW 273 | Companies Ordinance | 3 | |||||||
ACCT 324 | Managerial Accounting | 3 | FINC 336 | Mergers & Acquisitions | 3 | |||||||
FINC 433 | Risk Management | 3 | BLAW 272 | Income Tax Law | 3 | |||||||
BLAW 271 | Commercial Law | 3 | FINC 334 | Corporate Governance | 3 | |||||||
GNRL 115 | Logic & Critical Thinking | 3 | FINC 335 | Portfolio Management | 3 | |||||||
Sub-Total | 18 | Sub-Total | 18 | |||||||||
Semester-7 | Credit Hrs | Semester-8 | Credit Hrs | |||||||||
BLAW 374 | Banking Law & Practices | 3 | ECON 445 | Financial Econometrics | 3 | |||||||
BLAW 375 | Sales Tax, Custom & Excise Duty | 3 | Elective | 3 | ||||||||
Elective | 3 | Elective | 3 | |||||||||
Elective | 3 | PROJ 492 | Internship | 6 | ||||||||
AUDT 362 | Internal Audit | 3 | ||||||||||
Sub-Total | 15 | Sub-Total | 15 | |||||||||
Total Program Credit Hours | 130 | |||||||||||
In Semester-VII & Semester VIII, students can opt for Audit or Financial Management. Four Courses will be offered under | ||||||||||||
both the Electives. Two Electives will be offered in Semester VII & two in Semester VIII. | ||||||||||||
Specialization in Audit | Credit Hrs | Specialization in Audit | Credit Hrs | |||||||||
Semester-7 | 3 | Semester-8 | ||||||||||
AUDT 463 | Advance Auditing | 3 | FINC 434 | Financial Derivatives | 3 | |||||||
AUDT 464 | Operational Auditing | AUDT 465 | Forensic Audit | 3 | ||||||||
Specialization in Financial MGT |
Credit Hrs |
Specialization in Financial MGT | ||||||||||
Semester-7 | Semester-8 | |||||||||||
FINC 437 | Management of Financial Institutions | 3 | FINC 435 | Mechanics of Financial Markets | 3 | |||||||
FINC 438 | Credit analysis & Management | 3 | FINC 436 | International Financial managements | 3 | |||||||
Fee per Semester.
Admission Fee: |
Rs. 15,000/- |
Security: |
Rs. 5,000/- |
Miscellaneous*: |
Rs. 2,000/semester |
Semester Tuition Fee: |
Rs. 65,000/semester |
Registration: |
Rs. 1000 |
Semester-1 | Credit Hrs | ||||
ACCT 121 | Principles of Accounting | 3 | |||
HUMN 102 | Academic Writing & Reading | 3 | |||
HUMN 104 | Islamic Studies/ Ethics | 2 | |||
GNRL 114 | Introduction to Computers | 3 | |||
MGMT 150 | Introduction to Business | 3 | |||
SSCN 112 | Business math | 3 | |||
Sub-Total | 17 |
Serial # | Course Name | Credit Hours |
1 | Applied Physics | 3(3+0) |
2 | Technical and Business Writing | 3(3+0) |
3 | Probability & Statistics | 3(3+0) |
4 | Pakistan Studies | 2(2+0) |
5 | Object Oriented Programming | 4(3+1) |
6 | Discrete Structures | 3(3+0) |
Semester Subtotal | 18 |
Semester-3 | Credit Hrs | ||||
ACCT 223 | Cost Accounting | 3 | |||
HUMN 103 | Academic Presentation | 3 | |||
ECON 142 | Macroeconomics | 3 | |||
MRKT 152 | Marketing | 3 | |||
MGMT 252 | Management Information System | 3 | |||
Sub-Total | 15 | ||||
Semester-4 | Credit Hrs | ||||
AUDT 361 | Auditing | 3 | |||
BRMS 391 | Business Research Methodology | 3 | |||
FINC 231 | Principles of Finance | 3 | |||
SSCN 111 | Elementary Mathematics | 3 | |||
ECON 343 | Managerial Economics | 3 | |||
Sub-Total | 15 |
Semester-5 | Credit Hrs | ||||
MGMT 354 | Entrepreneurship | 3 | |||
FINC 332 | Financial Management | 3 | |||
ACCT 324 | Managerial Accounting | 3 | |||
FINC 433 | Risk Management | 3 | |||
BLAW 271 | Commercial Law | 3 | |||
GNRL 115 | Logic & Critical Thinking | 3 | |||
Sub-Total | 18 |
Semester-6 | Credit Hrs | ||||
ECON 344 | Statistics for Economics | 3 | |||
BLAW 273 | Companies Ordinance | 3 | |||
FINC 336 | Mergers & Acquisitions | 3 | |||
BLAW 272 | Income Tax Law | 3 | |||
FINC 334 | Corporate Governance | 3 | |||
FINC 335 | Portfolio Management | 3 | |||
Sub-Total | 18 | ||||
Semester-7 | Credit Hrs | |||
Banking Law & Practices | 3 | |||
Sales Tax, Custom & Excise Duty | 3 | |||
Elective | 3 | |||
Elective | 3 | |||
Internal Audit | 3 | |||
Sub-Total | 15 |
Semester-8 | Credit Hrs | |||
Financial Econometrics | 3 | |||
Elective | 3 | |||
Elective | 3 | |||
Internship | 6 | |||
Sub-Total | 15 |
Admission Fee: |
Rs. 15,000/- |
Security: |
Rs. 5,000/- |
Miscellaneous*: |
Rs. 2,000/semester |
Semester Tuition Fee: |
Rs. 65,000/semester |
Specialization in Audit Credit Hrs
Semester-7 3
AUDT 463 Advance Auditing 3
AUDT 464 Operational Auditing
Specialization in Audit Credit Hrs
Semester-8
FINC 434 Financial Derivatives 3
AUDT 465 Forensic Audit 3
Specialization in Financial MGT |
Credit Hrs | ||
Semester-7 | |||
Management of Financial Institutions | 3 | ||
Credit analysis & Management | 3 |
Specialization in Financial MGT
Semester-8
Mechanics of Financial Markets 3
International Financial managements 3