BS ACCOUNTING &

FINANCE
BS ACCOUNTING
BS FINANCE

Dept. of Accounting & 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 certification in
Accounting and Finance, under this program.
 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
 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
 Available Options for Students
Professional 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
Academic Options
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 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)

 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 130+8* 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
 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.
 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
 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

University Core Non-Specialization Area
Courses 10 Courses: 30 Credit
(compulsory Hours
requirements) (7 courses are
4 Courses: 12 mandatory and 3
Credit Hours courses to be chosen
from other departments)
Mandatory:
English Grammar and Introduction to Statistics;
Composition; SSC101 MTS102
Statistical Inference; MTS202
Speech Communication; Principles of Microeconomics;
SSC201 ECO103
Principles of Macroeconomics;
Pakistan History ; ECO104
SSC151 Organizational behaviour;
MGT221
Islamic Studies/ Ethics; Principles of Marketing;
SSC301/ SSCXX MKT201
Calculus-1 & Plane geometry;
MTS101
Electives:
Mathematical methods;
MTS112
Foundation of Human
Behavior; SSC102
Social Psychology and Self
Development; SSC103
Calculus-II and Solid
Geometry; MTS201
International Relations;
SSC111
Principles of Management;
MGT201
Human Resource Management;
HRM401
Development Economics;
ECO301
Executive leadership; HRM455
Applied Probability; MTS112
Introduction to Econometrics:
ECO341
International Trade; ECO412
BS ACCOUNTING AND FINANCE
COURSE DIVISION (Total Credit Hours: 130)
Accounting Finance
14 Courses: 44 Credit Hours 14 Courses: 44 Credit Hours
Core Electives Core Electives
7 Courses: 23 7 Courses: 21 Credit 6 Courses: 20 Credit 8 Courses: 24 Credit Hours
Credit Hours Hours Hours
Principles of Advanced Managerial Introduction to Business Investment Banking; FIN451
Accounting; ACC210 Accounting; ACC310 Finance; FIN201
Treasury and Funds Management;
Management Financial Reporting; Financial Institutions and FIN565
Accounting; ACC220 ACC315 Markets; FIN301
Financial Risk Management; FIN456
Financial Accounting; Accounting information Regulations & Financial
ACC215 Systems (For Small to Markets; FIN558 Advance Portfolio Management and
Medium Enterprises); Wealth Planning; FIN563
Taxation (Direct & ACC507 Financial Management;
Indirect); LAW303 FIN401 Corporate Finance; FIN454
Corporate Governance;
Business Law; LAW205 LAW553 Financial Modeling; FIN574 Financial Econometrics; FIN569
4 CREDIT HRS.
Independent study Business Analysis and Public Finance; ECO451
(Accounting); ACC301 Decision Making; Independent study (Finance);
4 CREDIT HRS. ACC312 FIN310 Alternative Investments; FIN305
4 CREDIT HRS.
Computer Applications; Legal and Regulatory Real Estate Investments: Analysis
MIS103/ACC222 Environment ; LAW501 and Financing; FIN308
4 CREDIT HRS. International Banking; FIN310
Strategic Management; Behavioral Finance (with lab- 4
MGT552 credit); FIN312
Venture Capital and the Finance of
Auditing; ACC320 Innovation; FIN405
Buyouts and Acquisitions; FIN410
Corporate Law; LAW305 Corporate Restructuring; FIN315
Empirical Research in Finance;
Advanced Financial FIN320
Reporting; ACC401 Advanced Corporate Finance;
FIN560
Essential Software;
MIS150 International Finance; FIN452
 BS ACCOUNTING AND FINANCE

COURSE DIVISION (Total Credit Hours: 130)

University Core Non-Specialization Area
Courses 10 Courses: 30 Credit Accounting Finance
(compulsory Hours 14 Courses: 44 Credit Hours 14 Courses: 44 Credit Hours
requirements) (7 courses are
4 Courses: 12 mandatory and 3
Credit Hours courses to be chosen
from other departments)
Core Electives Core Electives
7 Courses: 23 7 Courses: 21 Credit 6 Courses: 20 Credit 8 Courses: 24 Credit Hours
Credit Hours Hours Hours

Electives:
Data Mining; ACC325 Security Analysis (4 credit-lab);
Global Economic and Political FIN453
Environment; ECO517 Tax Management and
Optimization; LAW401 Fixed Income Investments; FIN425
Marketing management;
MKT501 Actuarial Courses; Derivatives; FIN457
ACC415
Politics & Law; LAW105 Portfolio Management (4 credit-lab);
FCS basic Programming FIN455
Business mathematics & linear related courses; ACC416
Algebra; MTS211 Branch banking; FIN425

Lending- Products, operations & risk

management; FIN426

Finance of international trade &

related treasury operations; FIN427

Marketing of financial services;

FIN428

Information technology in Financial

services; FIN429

CA & ACCA’s Professional Requirement

CFA’s Professional Requirement

IBP’s Professional Requirement

 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

COURSE DIVISION (Total Credit Hours: 130)
University Core Non-Specialization Area
Courses 10 Courses: 30 Credit
(compulsory Hours
requirements) (7 courses are
4 Courses: 12 mandatory and 3
Credit Hours courses to be chosen
from other departments)
Mandatory:
English Grammar and Introduction to Statistics;
Composition; SSC101 MTS102
Statistical Inference; MTS202
Speech Communication; Principles of Microeconomics;
SSC201 ECO103
Principles of Macroeconomics;
Pakistan History ; ECO104
SSC151 Organizational behaviour;
MGT221
Islamic Studies/ Ethics; Principles of Marketing;
SSC301/ SSCXX MKT201
Calculus-1 & Plane geometry;
MTS101
Electives:
Mathematical methods;
MTS112
Foundation of Human
Behavior; SSC102
Social Psychology and Self
Development; SSC103
Calculus-II and Solid
Geometry; MTS201
International Relations;
SSC111
Principles of Management;
MGT201
Human Resource Management;
HRM401
Development Economics;
ECO301
Executive leadership; HRM455
Applied Probability; MTS112
Introduction to Econometrics:
ECO341
International Trade; ECO412
BS ACCOUNTING
Accounting Finance
17 Courses: 53 Credit Hours 11 Courses: 35 Credit Hours
Core Electives Core Electives
7 Courses: 23 10 Courses: 30 6 Courses: 20 Credit 5 Courses: 15 Credit Hours
Credit Hours Credit Hours Hours
Principles of Advanced Managerial Introduction to Business Investment Banking; FIN451
Accounting; ACC210 Accounting; ACC310 Finance; FIN201
Treasury and Funds Management;
Management Financial Reporting; Financial Institutions and FIN565
Accounting; ACC220 ACC315 Markets; FIN301
Financial Risk Management; FIN456
Financial Accounting; Accounting information Regulations & Financial
ACC215 Systems (For Small to Markets; FIN558 Advance Portfolio Management and
Medium Enterprises); Wealth Planning; FIN563
Taxation (Direct & ACC507 Financial Management;
Indirect); LAW303 FIN401 Corporate Finance; FIN454
Corporate Governance;
Business Law; LAW205 LAW553 Financial Modeling; FIN574 Financial Econometrics; FIN569
4 CREDIT HRS.
Independent study Business Analysis and Public Finance; ECO451
(Accounting); ACC301 Decision Making; Independent study (Finance);
4 CREDIT HRS. ACC312 FIN310 Alternative Investments; FIN305
4 CREDIT HRS.
Computer Applications; Legal and Regulatory Real Estate Investments: Analysis
MIS103/ACC222 Environment ; LAW501 and Financing; FIN308
4 CREDIT HRS. International Banking; FIN310
Strategic Management; Behavioral Finance (with lab- 4
MGT552 credit); FIN312
Venture Capital and the Finance of
Auditing; ACC320 Innovation; FIN405
Buyouts and Acquisitions; FIN410
Corporate Law; LAW305 Corporate Restructuring; FIN315
Empirical Research in Finance;
Advanced Financial FIN320
Reporting; ACC401 Advanced Corporate Finance;
FIN560
Essential Software;
MIS150 International Finance; FIN452
 BS ACCOUNTING

COURSE DIVISION (Total Credit Hours: 130)

University Core Non-Specialization Area
Courses 10 Courses: 30 Credit Accounting Finance
(compulsory Hours 17 Courses: 53 Credit Hours 11 Courses: 35 Credit Hours
requirements) (7 courses are
4 Courses: 12 mandatory and 3
Credit Hours courses to be chosen
from other departments)
Core Electives Core Electives
7 Courses: 23 10 Courses: 30 6 Courses: 20 Credit 5 Courses: 15 Credit Hours
Credit Hours Credit Hours Hours

Electives:
Data Mining; ACC325 Security Analysis (4 credit-lab);
Global Economic and Political FIN453
Environment; ECO517 Tax Management and
Optimization; LAW401 Fixed Income Investments; FIN425
Marketing management;
MKT501 Actuarial Courses; Derivatives; FIN457
ACC415
Politics & Law; LAW105 Portfolio Management (4 credit-lab);
FCS basic Programming FIN455
Business mathematics & linear related courses; ACC416
Algebra; MTS211 Branch banking; FIN425

Lending- Products, operations & risk

management; FIN426

Finance of international trade &

related treasury operations; FIN427

Marketing of financial services;

FIN428

Information technology in Financial

services; FIN429

CA & ACCA’s Professional Requirement

CFA’s Professional Requirement

IBP’s Professional Requirement

 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

COURSE DIVISION (Total Credit Hours: 130)
University Core Non-Specialization Area
Courses 10 Courses: 30 Credit
(compulsory Hours
requirements) (7 courses are
4 Courses: 12 mandatory and 3
Credit Hours courses to be chosen
from other departments)
Mandatory:
English Grammar and Introduction to Statistics;
Composition; SSC101 MTS102
Statistical Inference; MTS202
Speech Communication; Principles of Microeconomics;
SSC201 ECO103
Principles of Macroeconomics;
Pakistan History ; ECO104
SSC151 Organizational behaviour;
MGT221
Islamic Studies/ Ethics; Principles of Marketing;
SSC301/ SSCXX MKT201
Calculus-1 & Plane geometry;
MTS101
Electives:
Mathematical methods;
MTS112
Foundation of Human
Behavior; SSC102
Social Psychology and Self
Development; SSC103
Calculus-II and Solid
Geometry; MTS201
International Relations;
SSC111
Principles of Management;
MGT201
Human Resource Management;
HRM401
Development Economics;
ECO301
Executive leadership; HRM455
Applied Probability; MTS112
Introduction to Econometrics:
ECO341
International Trade; ECO412
BS FINANCE
Accounting Finance
11 Courses: 35 Credit Hours 17 Courses: 53 Credit Hours
Core Electives Core Electives
7 Courses: 23 4 Courses: 12 Credit 6 Courses: 20 Credit 11 Courses: 33 Credit Hours
Credit Hours Hours Hours
Principles of Advanced Managerial Introduction to Business Investment Banking; FIN451
Accounting; ACC210 Accounting; ACC310 Finance; FIN201
Treasury and Funds Management;
Management Financial Reporting; Financial Institutions and FIN565
Accounting; ACC220 ACC315 Markets; FIN301
Financial Risk Management; FIN456
Financial Accounting; Accounting information Regulations & Financial
ACC215 Systems (For Small to Markets; FIN558 Advance Portfolio Management and
Medium Enterprises); Wealth Planning; FIN563
Taxation (Direct & ACC507 Financial Management;
Indirect); LAW303 FIN401 Corporate Finance; FIN454
Corporate Governance;
Business Law; LAW205 LAW553 Financial Modeling; FIN574 Financial Econometrics; FIN569
4 CREDIT HRS.
Independent study Business Analysis and Public Finance; ECO451
(Accounting); ACC301 Decision Making; Independent study (Finance);
4 CREDIT HRS. ACC312 FIN310 Alternative Investments; FIN305
4 CREDIT HRS.
Computer Applications; Legal and Regulatory Real Estate Investments: Analysis
MIS103/ACC222 Environment ; LAW501 and Financing; FIN308
4 CREDIT HRS. International Banking; FIN310
Strategic Management; Behavioral Finance (with lab- 4
MGT552 credit); FIN312
Venture Capital and the Finance of
Auditing; ACC320 Innovation; FIN405
Buyouts and Acquisitions; FIN410
Corporate Law; LAW305 Corporate Restructuring; FIN315
Empirical Research in Finance;
Advanced Financial FIN320
Reporting; ACC401 Advanced Corporate Finance;
FIN560
Essential Software;
MIS150 International Finance; FIN452
 BS FINANCE

COURSE DIVISION (Total Credit Hours: 130)

University Core Non-Specialization Area
Courses 10 Courses: 30 Credit Accounting Finance
(compulsory Hours 11 Courses: 35 Credit Hours 17 Courses: 53 Credit Hours
requirements) (7 courses are
4 Courses: 12 mandatory and 3
Credit Hours courses to be chosen
from other departments)
Core Electives Core Electives
7 Courses: 23 4 Courses: 12 Credit 6 Courses: 20 Credit 11 Courses: 33 Credit Hours
Credit Hours Hours Hours

Electives:
Data Mining; ACC325 Security Analysis (4 credit-lab);
Global Economic and Political FIN453
Environment; ECO517 Tax Management and
Optimization; LAW401 Fixed Income Investments; FIN425
Marketing management;
MKT501 Actuarial Courses; Derivatives; FIN457
ACC415
Politics & Law; LAW105 Portfolio Management (4 credit-lab);
FCS basic Programming FIN455
Business mathematics & linear related courses; ACC416
Algebra; MTS211 Branch banking; FIN425

Lending- Products, operations & risk

management; FIN426

Finance of international trade &

related treasury operations; FIN427

Marketing of financial services;

FIN428

Information technology in Financial

services; FIN429

CA & ACCA’s Professional Requirement

CFA’s Professional Requirement

IBP’s Professional Requirement

Recommended Semester-wise sequence of Courses
Semester 1(Mandatory)
No. Course code
1 SSC101
2 SSC201
3 SSC151
4 SSC301/
SSCXX
5 MTS102
6 ECO103
Semester 2
No. Course code
1 MTS202
2 ECO104
3 MGT221
4 MKT201
5 MTS101
6 NS-Elective
Recommended Semester-wise sequence of Courses

Semester 3 Semester 4
No. Course code No. Course code
1 NS-Elective 1 ACC215
2 NS-Elective 2 FIN558
3 LAW301
3 ACC210 4 LAW205
4 FINC201 5 FIN401
5 ACC220 6 MTS103
6 FIN301
 Semester 5 – 8
Students have the option of choosing
Electives during this time period
including an 8 weeks internship program.
 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

•
Administrative structure to meet these
Challenges

Professional Employers’
Advisory Advisory
Committee Committee

Dept. of
Accounting &
Law
 Roles
Professional This 9 members’ consultative committee
consists of representatives of professional
Advisory
bodies, banks & academia. It is established to
Committee 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
 Roles
This committee will consist of Employers from
Employers various organizations. The prospective members
’ have been identified and we are in the process of
Advisory obtaining their approval. This committee will
perform the following tasks:
Committe
e • 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.
 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.