About the Program
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 in order 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.