Presentation on theme: "BS ACCOUNTING & FINANCE BS ACCOUNTING BS FINANCE Dept. of Accounting & Law."— Presentation transcript:
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 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. Professional OptionsAcademic Options
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 HEC124-13651-63 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 core412 Non-specialized1030 Accounting1444 Finance1444 Total42 130