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BS Accounting & Finance BS Accounting & Finance

BS Accounting & Finance - PowerPoint Presentation

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BS Accounting & Finance - PPT Presentation

BS Accounting BS Finance Dept of Accounting amp 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 c ID: 658995

accounting amp courses finance amp accounting finance courses credit program students 130 professional semester hours committee curriculum hrs major time certification exemptions

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BS Accounting & FinanceBS AccountingBS Finance

Dept. of Accounting & LawSlide2

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.Slide3

Strategy to achieve the Program ObjectiveDesign & delivery of courses that provide maximum flexibility to choose their own career path by opting either CA, ACCA, CIMA, CFA, IBP & International credit transferMain features of the program design are:University foundation courses to broaden knowledge base and improve skills & competenciesRigorous set of core subjects for specializing either in Accounting, Finance or bothA broad set of Electives drawn from the IBA undergraduate curriculum with minimum requirements for meeting the criteria for majorsPersonal 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

Slide4

Preparatory Work DoneCourse outlines, contents, sequencing, Pre-requisites, course objectives & outcomes developed in close consultation with all the major professional bodiesICAP has, for the first time in their history, have agreed to grant exemptions up to Module D for those who successfully complete this undergraduate degreeIBP has waived off appearances at all three levels of examinations and replaced it with only ONE comprehensive examinationACCA has exempted FOUR examinations & review is underway for five more exemptionsCFA does not grant, as a principle, any exemptions but close mapping has been done in Finance courses, that facilitate qualifying CFA examinationsSlide5

Available Options for Students Students by choosing a single route may opt to become:Chartered AccountantChartered Certified AccountantChartered 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 Options

Academic OptionsSlide6

Professional bodies PartnershipICAP (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)Slide7

Course Layout for Undergraduate students Total Credit Hrs. Credit hrs. for a MajorHEC 124-136 51-63LUMS 130 76IBABS Accounting & Finance 130+8* 88BS Accounting 130 +8* 88BS Finance 130 +8* 88

* IBA has 16 weeks internship program equivalent to 8 credit hrs. in addition to 130 credit hrs. of course workSlide8

Eligibility Criteria & Challenge TestA 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 onlyNote: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. Slide9

Transfer StudentsEligibility Criteria must be met Maximum of 10 courses can be transferred from foreign universities and LUMSGrade of B or better would qualify for the transferTransfer 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 Slide10

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 Slide11
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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 130Slide14
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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 130Slide17
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Recommended Semester-wise sequence of CoursesNo. Course code1 SSC1012 SSC201 3 SSC1514 SSC301/SSCXX5 MTS1026 ECO103No. Course code1 MTS2022 ECO104 3 MGT221

4 MKT201

5 MTS101

6 NS-Elective

Semester 1(Mandatory)

Semester 2Slide20

Recommended Semester-wise sequence of CoursesNo. Course code1 NS-Elective2 NS-Elective 3 ACC2104 FINC2015 ACC2206 FIN301 No. Course code1 ACC2152 FIN558 3 LAW301

4 LAW205

5 FIN401

6 MTS103

Semester 3

Semester 4Slide21

Students have the option of choosing Electives during this time period including an 8 weeks internship program.Semester 5 – 8Slide22

ChallengesEnsuring Uniformity & Continuity in Standardization ofCourse OutlinesLectures & ExamsPreparation & teaching of Pakistan based Case studiesUpgrade technology from time to time to remain ahead of the competitors

Hiring faculty resource of high caliberSlide23

Administrative structure to meet these ChallengesProfessional Advisory CommitteeEmployers’Advisory

Committee

Dept. of Accounting & LawSlide24

RolesProfessional 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 Slide25

RolesEmployers’AdvisoryCommittee 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.Slide26

RolesCoordinator 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.