Bachelor of Sciences in Accounting and Finance: BS(AF)

Program Overview

“Preparing students with latest standards, tools, techniques, and theories of accounting and finance”

The Bachelor of Accounting and Finance is designed for students wishing to pursue a career in accounting and finance, either as an accountant/consultant in private practice or employed in industry, commerce or the public sector. It allows you to major solely in Professional Accounting, or both Professional Accounting and Applied Finance and provides with the knowledge and technical skills you need to succeed in the accounting/finance field.

Salient Features
  • Designed as per industry demand thus having greater acceptability in the market
  • Develops students expertise in:
    • Accounting
    • Financial decision making
    • Corporate and tax affairs
  • Students will be able to find employment at supervisory and executive level
  • Prepares students for the job market in a short time
  • Develops students’technical, conceptual, and analytical skills
  • Courses taught by faculty members who are:
    • FCMAs
    • FCAs
    • PhDs

Programme Scope

The Bachelor of Science in Accounting and Finance program is designed for students seeking to acquire a concentration of accounting and finance knowledge within a broad base of business concepts. Students will acquire insights into accounting and finance theories and techniques needed by managers. In addition to developing management competencies, students will gain the skills needed to integrate accounting, financial and marketing programs to produce effective business strategies.

Programme objectives

After completing the program, students will be able to:

  • Describe the foundational tools of business finance and their applications to controlling the firm's financial environment and to making financial business decisions in an analytical manner.
  • Describe the nature and process of accounting and finance within modern organizations and explain how to successfully apply financial theories and principles to the situations and challenges that typically occur in managing a business.
  • Demonstrate knowledge of the strategic management process and an ability to assess industry attractiveness and the competitive environment.
  • Utilize the tools and methodologies needed to solve problems, including developing capital structure plans and the use of various capital budgeting strategies.
  • Demonstrate a foundation of computer and information systems knowledge, technical skills, and a basic understanding of computer applications.
  • Be prepared to enter Master of Science or MBA programs without any additional academic preparation.

Programme Structure

Summary of the structure is given in the following table.

Category Number of Courses Credit Hours
Core Courses 35 105
Humanities Electives 01 03
Finance Electives 04 12
Accounting Electives 04 12
Information Technology Electives 01 03
Total 45 135

Eligibility Criteria

  • Intermediate or equivalent with minimum 50% marks from an accredited institution
  • Valid NTS test score as per CIIT policy
  • Weighted criteria
    • Matric 10%
    • Intermediate 40%
    • Entrance tests (NTS) 50%

Faculty Profile

Currently, there are 66 full time faculty members teaching in MS department and management-related courses in other departments

  • 8 faculty members with foreign doctoral degrees from USA, UK, Germany, Malaysia, Japan, and China
  • 7 faculty members with an indigenous doctoral degree
  • 11 faculty members hold foreign MS degrees from USA, UK, Canada, Germany, Sweden, and Australia
  • 16 faculty members have MS degrees from well reputed Pakistani universities
  • 24 have MBA or equivalent qualification
  • Most non-PhD faculty members have very good corporate experience which add value to the students learning
  • Foreign faculty from Germany, USA, UK, Australia, and Malaysia and other developed countries regularly delivers lectures

Career Prospects / Opportunities

Accounting and Finance graduates will find employment at supervisory and executive levels in a wide range of business careers such as accounting, auditing, taxation, finance, banking, investment, corporate planning, strategic business planning, treasury, information systems, management consulting and forensic accounting.

Teaching Methodology

Methods of teaching include, but are not limited to:

  • Lectures
  • Tutorials
  • Case studies
  • Class discussions
  • Group studies
  • Assignments
  • Quizzes
  • Business games

This methodology enables students to develop the following transferable and intellectual skills by integrating them in the curriculum of different offered courses:

  • Conceptual skills
  • Human skills
  • Technical skills (subject related know-how)
  • Analytical skills
  • Reading/Writing Skills
  • Computer Skills
  • Communication Skills
  • Listening skills
  • Research Skills

Curriculum Development

Suggestions/proposals are collected from faculty and academic area in-charges. These suggestions/proposals are discussed in the Departmental Academic Review Committee (DARC). If accepted by the DARC, these recommendations are then forwarded to the Board of Studies (BOS) for further consideration. Accepted proposals are then forwarded to the Board of Faculty (BOF). If approved by the BOF, recommendations are then finally get approved by the Academic Council to be included as part of the curriculum.

Quality Assurance

Quality of education under this programme is monitored at the departmental and institutional level.

  • Academic Area heads are appointed to monitor content and quality of the courses
  • Fortnightly Review Report (FRR) is generated to ensure coverage and monitor delivery of lectures
  • Fortnightly Review Report (FRR) is discussed in detail in Departmental Academic Review Committee (DARC) meeting
  • Academic area heads provide feedback to the faculty which incorporate and adjust the contents accordingly

Assessments

Typically, students are assessed based on the following criteria:

Items Percentage Score
Sessional-I 10
Sessional-II 15
Final Exam 50
Homework/Assignments 10
Quiz 15
Total 100