Program Overview
Bachelor of Science (B.S.) Accounting and Finance program is a 4-year degree, first introduced in 2013. providing an exclusive opportunity for students to receive an academic degree that may lead to a professional qualification. BSAF program is recognized by the Institute of Chartered Accountants of Pakistan (ICAP) and Association of Chartered Certified Accountants (ACCA) with the following exemptions available from these professional bodies:
Institute of Chartered Accountants of Pakistan (ICAP)
An exemption of four papers of AFC stage, 9 papers of CAF stage (old module A to D), and the Presentation and Communication Skills Course (PCSC-01) will be granted to the prospective CA students who register with ICAP after completing their BSAF degree from IBA. After registering as a student with ICAP, the students would be required:
- To complete training for 3 years (save 6 months) at an approved training organization; and
- Pass 6 papers of CFAP and 2 papers of MSA (old module E and F)
Association of Chartered Certified Accountants (ACCA)
ACCA has exempted 9 examinations (F1 to F9) to BSAF graduates. ACCA offers IBA students to enroll in an accelerate program, where students can sit in advance level papers of ACCA while studying at IBA and save the total time required to complete the qualification. BS Accounting and Finance graduates have to appear in only 4 professional level papers of ACCA.
Other organizations/professional bodies
Chartered Institute of Management Accountants (CIMA) and Institute of Bankers Pakistan are expected to provide exemptions to BSAF graduates subject to completion of certain elective courses. These exemptions are given by these bodies on case-to-case bases.
Chartered Financial Analyst Institute does not grant any exemptions as a principle, but BSAF courses, especially related to Finance, are closely aligned with CFA Level 1 and Level 2 syllabus to facilitate students to complete the exams. Many of the final year students successfully pass Level 1 of CFA before their graduation.
Few graduates have successfully received exemptions at CPA Australia.
Eligibility Criteria:
Applicants must meet one of the following academic requirements:
- Higher Secondary School Certificate with a minimum score of 60% marks.
- A' Levels qualification with at least one 'B' and two 'C's in three principal subjects.
- American/Canadian High School Diploma with a minimum score of 80% or International Baccalaureate (IB) diploma with at least 24 points out of 45.
Please know that IBCC equivalence will be required in case of O' & A' Level qualification along with other documents.
Program Learning Competencies:
1. Knowledge of Accounting & Finance
Students will be able to prepare and analyze financial statements and build financial models.
2. Critical Thinking and Problem-Solving
Students will be able to critically analyze and evaluate information in a business context.
3. Communication and Teamwork
Students will be able to communicate effectively and collaborate within teams to achieve desired objectives.
4. Ethical Awareness and Social Responsibility
Students will be able to analyze ethical dilemmas and understand legal and regulatory frameworks in business.
5. Technology and Information Literacy
Students will be able to leverage technology and information resources to analyze data and communicate effectively in a business context.
Program Structure:
| Time to completion | 4 years |
| Semesters | 8 |
| Core courses | 27 (75 Credit Hours) |
| Elective courses | 16 (48 Credit Hours) |
| Experiential Learning Project (ELP) | 1 (6 Credit Hours) |
| Corporate internship (6-8 weeks) | 1 (3 Credit Hours) |
| Total courses | 43+ELP+Internship |
| Total Credit Hours | 132 |
| Responsible Citizen Initiative (RCI) | 1 |
| Personal effectiveness program | 10 hrs. |
Breakdown of Credit Hours:
| Course category | Courses | Credit Hours |
| General Education Courses | 12 | 30 |
| Accounting Core Courses | 6 | 18 |
| Finance Core Courses | 5 | 15 |
| Accounting Elective Courses | 6 | 18 |
| Finance Elective Courses | 7 | 21 |
| Allied Courses | 4 | 12 |
| Free Electives | 3 | 9 |
| Total Required Coursework | 43 | 123 |
| Experiential Learning Project | 1 | 6 |
| Corporate Internship | 1 | 3 |
| Total Credit Hours | - | 132 |
Courses:
| Semester – 1 (Freshman year, Fall) |
Semester – 2 (Freshman year, Spring) |
Semester – 3 (Sophomore year, Fall) |
Semester – 4 (Sophomore year, Spring) |
| Micro Economics | Macro Economics | Principle of Accounting | Financial Accounting |
| Natural Sciences | Psychology of Business | Introduction to Business Finance | Organizational Behavior |
| Business Communication | Introduction to Computer Applications | Business Law | Financial Management |
| Ideology of Pakistan | Islamic Studies | Financial Institute and Market | Auditing |
| Calculus 1 | Speech Communication | Free Elective 1 | Statistical Inference |
| Entrepreneurship | Introduction to Statistics | Free Elective 2 | |
| Business Ethics | Arts and Humanities | ||
| Responsible Citizen Initiative (RCI) internship (6-8 weeks in Summer)** | Responsible Citizen Initiative (RCI) internship (6-8 weeks in Summer)** | ||
| Semester – 5 (Junior year, Fall) |
Semester – 6 (Junior year, Spring) |
Semester – 7 (Senior year, Spring) |
Semester – 8 (Senior year, Fall) |
| Taxation | Accounting Elective 1 | Finance Elective 4 | Accounting Elective 6 |
| Management Accounting | Accounting Elective 2 | Finance Elective 5 | Finance Elective 7 |
| Financial Modeling | Accounting Elective 3 | Finance Elective 6 | Free Elective 3 |
| Regulation and Financial Market | Finance Elective 2 | Accounting Elective 4 | ELP |
| Finance Elective 1 | Finance Elective 3 | Accounting Elective 5 | |
| Corporate internship (6-8 weeks in Summer) |