VU
Virtual University of Pakistan
Department of Management Sciences

Bachelor of Science in Accounting & Finance (4 year program)

Introduction

The 4-year BS program in Accounting and Finance is meticulously structured to empower students to excel in a rapidly evolving, global business and financial environment. It is prioritizes the development of essential interpersonal, ICT, and communication skills, providing hands-on experience through a rigorous capstone project and internship. The Institute of Chartered Accountants of Pakistan (ICAP) enrolled students can seamlessly join and receive well-deserved exemptions for completed courses. Additionally, the program rigorously fosters ethical citizenship, social inclusivity, and professionalism, making a point to emphasize digital literacy and communication skills. Graduates can confidently anticipate a solid foundation for a successful career in accounting and finance and the readiness for advanced study.

If you have any queries, please feel free to contact the program coordinator:
Mr. Shahbaz Yaqub 
Email: shahbaz.yaqub@vu.edu.pk
Ph: +92-51-111-880-880 [Ext: 4732] 

Objectives

The program aims the students to:

  1. Learn and understand theoretical concepts of accounting and finance.
  2. Develop an understanding of using appropriate computational techniques, resources, and ICT tools to solve contemporary issues in the subject fields.
  3. Critically analyze the problems, devise and evaluate solution alternatives in the accounting and finance areas with their practical implications which affect managerial decision making in an organizational setting.
  4. Understand corporate decisions' impact on health, safety, legal compliance, and the environment for sustainable development.
  5. Be proficient communicator in giving instructions and writing reports in complex corporate matters involving business and society.
  6. Develop a strong foundation for ethical and responsible citizenship, fostering social inclusivity, ethical practices, and peaceful coexistence in a diverse society.
  7. Develop and apply foundational professional skills in digital literacy, communication, writing, and
  8. entrepreneurship to facilitate lifelong learning and career development.
  9. Enable to get admission to higher level degree programs such as MS/PhD ranging from accounting to audit, and banking to finance in the country and abroad.

Eligibility Criteria

Minimum 12 Years of Education or equivalent with atleast 45% marks. Candidates having less than 45% marks will also be eligible for admission after the successful completion of “Zero Semester”.

Note:

  1. Candidates having ‘A’ levels are required to provide equivalence certificate from Inter Board Committee of Chairmen (IBCC), Islamabad.
  2. Candidates having 14 Years of education (holding BA / B.Sc. / B. Com / AD or Equivalent) or above with at least 45% marks may also apply for the program. However, the resident time (not less than 02 years) and study scheme will be determined by the departmental Equivalence Committee.
  3. The admission criteria regarding CAF qualified students from ICAP will be as per the HEC’s notification wide Letter No.15-54/Coord/2019/HEC/(SAD)/451. An exemption of upto 39 credit hours in this regard will be determined by the University’s admission /equivalence committee. Student may be able to complete their degree program in 5 semesters. 

Assessment Criteria

The students study progress evaluation mechanism is based on continuous assessment throughout the semester by giving assignments, quizzes, Graded Discussion Boards (GDBs), mid-term and final-term examinations.

Assessment Tool

Marks

Semester Activities: (Assignments, Graded Discussions, Online Quizzes)

10%-20%

Mid-term Exam

20%-30%

Final-term Exam

60%

Total

100%

Award of Degree

To be eligible for the award BS degree, the students are required to complete prescribed course work of 125 credit hours with a minimum Cumulative Grade Point Average (CGPA) of 2.0 out of 4.

Project / Internship / Practicals

Students are required to complete a capstone project and internship courses of 3 credit hours each to complete the degree requirement.

Scheme of Study

Total Credit Hours 125
Total Semesters 8
Duration 4 Years


BS (Accounting & Finance)
Semester No. 1
Course Code Title Type Pre Requisite Credit Hours Specialization
CS101 Introduction to Computing Required 3 (Theory:3, Practical:0)
ENG101 English Comprehension Required 3 (Theory:3, Practical:0)
MGT211 Introduction To Business Required 3 (Theory:3, Practical:0)
MGT503 Principles of Management Required 3 (Theory:3, Practical:0)
ETH202 Ethics (for Non-Muslims) Elective 2 (Theory:2, Practical:0)
ISL202 Islamic Studies Elective 2 (Theory:2, Practical:0)
VU001 Introduction to e-Learning Required 1 (Theory:1, Practical:0)
 
Semester No. 2
Course Code Title Type Pre Requisite Credit Hours Specialization
MGT101 Financial Accounting Required 3 (Theory:3, Practical:0)
MGT301 Principles of Marketing Required 3 (Theory:3, Practical:0)
MGT411 Money & Banking Required MGT211
3 (Theory:3, Practical:0)
MTH302 Business Mathematics & Statistics Required 3 (Theory:3, Practical:0)
ENG201 Business and Technical English Writing Elective 3 (Theory:3, Practical:0)
ENG301 Business Communication Elective 3 (Theory:3, Practical:0)
PAK301 Pakistan Studies Required 2 (Theory:2, Practical:0)
 
Semester No. 3
Course Code Title Type Pre Requisite Credit Hours Specialization
ACC311 Fundamentals of Auditing Required MGT101
3 (Theory:3, Practical:0)
MGT401 Financial Accounting II Required MGT101
3 (Theory:3, Practical:0)
STA301 Statistics and Probability Required 3 (Theory:3, Practical:0)
ECO401 Economics Elective 3 (Theory:3, Practical:0)
ECO402 Microeconomics Elective 3 (Theory:3, Practical:0)
MCM101 Introduction to Mass Communication Elective 3 (Theory:3, Practical:0)
PSY101 Introduction to Psychology Elective 3 (Theory:3, Practical:0)
SOC101 Introduction to Sociology Elective 3 (Theory:3, Practical:0)
 
Semester No. 4
Course Code Title Type Pre Requisite Credit Hours Specialization
ACC501 Business Finance Required MGT101
3 (Theory:3, Practical:0)
ETH100 Effective Citizenship Required 3 (Theory:3, Practical:0)
MGT602 Entrepreneurship Required 3 (Theory:3, Practical:0)
MGT611 Business & Labor Law Required MGT211
3 (Theory:3, Practical:0)
BIO101 Basic I-Biology Elective 3 (Theory:3, Practical:0)
BIO102 Basic II-Chemistry Elective 3 (Theory:3, Practical:0)
GSC101 General Science Elective 3 (Theory:3, Practical:0)
PHY101 Physics Elective 3 (Theory:3, Practical:0)
 
Semester No. 5
Course Code Title Type Pre Requisite Credit Hours Specialization
ECO404 Managerial Economics Required 3 (Theory:3, Practical:0)
FIN624 Islamic Modes of Finance Required ACC501
3 (Theory:3, Practical:0)
MGT201 Financial Management Required ACC501
3 (Theory:3, Practical:0)
MGT402 Cost & Management Accounting Required MGT101
3 (Theory:3, Practical:0)
STA630 Research Methods Required 3 (Theory:3, Practical:0)
 
Semester No. 6
Course Code Title Type Pre Requisite Credit Hours Specialization
FIN611 Advanced Financial Accounting Required MGT101, MGT401
3 (Theory:3, Practical:0)
FIN623 Taxation Management Required MGT101
3 (Theory:3, Practical:0)
MGT501 Human Resource Management Required MGT503
3 (Theory:3, Practical:0)
MGTI699 Internship / Field Experience Required 3 (Theory:3, Practical:0)
MCM301 Communication skills Elective 3 (Theory:3, Practical:0)
MCM601 Media Management Elective 3 (Theory:3, Practical:0)
 
Semester No. 7
Course Code Title Type Pre Requisite Credit Hours Specialization
FIN621 Financial Statement Analysis Required ACC501
3 (Theory:3, Practical:0)
FIN622 Corporate Finance Required ACC501
3 (Theory:3, Practical:0)
MGT699 Capstone Project Required STA630
3 (Theory:3, Practical:0)
ACC101 QuickBooks Elective 3 (Theory:3, Practical:0)
EDU401 Contemporary Issues and Trends in Education Elective 3 (Theory:3, Practical:0)
EDU406 Critical Thinking and reflective Practice Elective 3 (Theory:3, Practical:0)
IT430 E-Commerce Elective 3 (Theory:3, Practical:0)
MGT404 Managerial Accounting Elective MGT101
3 (Theory:3, Practical:0)
MGT605 Advanced Cost and Management Accounting Elective MGT402
3 (Theory:3, Practical:0)
 
Semester No. 8
Course Code Title Type Pre Requisite Credit Hours Specialization
BNK610 Islamic Banking Practices Required 3 (Theory:3, Practical:0)
FIN630 Investment Analysis & Portfolio Management Required ACC501
3 (Theory:3, Practical:0)
MGT612 Corporate Law Required 3 (Theory:3, Practical:0)
MGT502 Organizational Behaviour Elective MGT503
3 (Theory:3, Practical:0)
MGT610 Business Ethics Elective 3 (Theory:3, Practical:0)
PSY405 Personality Psychology Elective 3 (Theory:3, Practical:0)
SOC617 Social Entrepreneurship Elective 3 (Theory:3, Practical:0)
 


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