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Learning Outcomes:

Upon completion of this course students will be able to learn journal entries, construction of ledger, Trail Balance up to Final Accounts, Concepts of Inventory system from industry perspective and how it is linked with supply chain. In depth concepts of Bank Reconciliation statement and different deprecation techniques

Topics included

Introduction Over view of Accounting Concepts. Organizational Structure and practices of Accounting Terms in Organizations. Basic Terms, Accounting equation & Introduction to statements. Concepts of Debit and Credit, Rules of Recording transactions, Journal & Balancing of accounts, Trial Balance & Preparing Financial Statements, Cash basis, recognition of revenues and expenses & Adjusting accounts, Adjusting accounts, Adjusted trial balance, Trade discount, Purchase discount, Purchase Returns and Allowances, Sales of merchandise, Sales discount & Sales returns and allowances. Determining inventory items, Determining inventory cost, Inventory controls & inventory costing illustration, First in, First out(FIFO), Last in, First out(LIFO), Weighted average method, Principles of internal controls, controls of cash, Bank Reconciliation, Accounting for receivables, Plant Assets, Cost determination & Depreciation methods, Depreciation method & Disposal of plan assets, Natural resources and Intangible Assets

Reference Book: Fundamental Accounting Principal 20^th Edition by Wild, Larson, Chippetta
FIN - 201 Accounting II(*)
Credit Hrs:  3

Pre-requisite: FIN - 102 ACCOUNTING I

Course Objective:

This course introduces one step head from the prerequisite by introducing advance concepts in accounting. The objective is to introduce core accounting from organizational perspective with the emerging practical aspects. This course focuses on introducing credit management in an organization. Cash and credit management both aspects are vital for an organization, so this course focus on both of these concepts. Another objective of this course is to develop and understanding of Partnerships, analysis of financial statements of multinational firms and makes students to analyze it by applying financial techniques. Main Objective of this course is to enable students to have hands on accounting techniques both theoretically and practically.

Learning Outcomes:

1. Cash & Credit Management

2. Partnership with various conditions

3. Cash Flows (Direct & Indirect)

4. Financial Statement Analysis

5. Capital Structure of a company

Topics included:

Introduction to organizational Structure and functional departments. Current Liabilities & Payroll accounting. Definitions, classification, characteristics, Estimated Liability, contingent Liability, Numerical Questions and demonstrations. Income tax liability & deferred income tax liabilities, Accounting for partnerships, basic partnership accounting, Admission and withdrawal of partners, liquidation of partnership, Accountingfor corporations, corporate form of organization & common stock. Dividends & Preferred stocks calculation, Treasury stock and reporting of equity, Basics of Bonds & Bond issuance, Bond retirement & basics of cash flow statement, Indirect cash flow method of calculation, concepts and components, Direct cash flow method of calculation, concepts and components. Basics of financial analysis (Vertical & Horizontal analysis), financial analysis and interpretation, Ratio analysis and Interpretation with respect to its financial reflection and financial position

Reference Books:

(A) Fundamentals of accounting principles Edition 20^th By Wild, Larson, Chiappetta

FIN - 202 Financial Management – FBC
Credit hours: 4

Pre requisite: FIN - 102 Accounting I

Course Objective:

This course introduces the basics of financial management to students. Objective of the course is to make students familiar with the functions and tasks that a financial manager is expected to undertake. Broad areas include financial statement analysis, time value of money, capital budgeting, working capital management and basics of financial modeling on excel.

Learning Outcomes:

1. 
   Difference between finance and accounting.
   
2. 
   Concept of time value of money.
   
3. 
   Analysis of the project.
   
4. 
   Concept of leverage.
   
5. 
   Basics of financial modeling.
   

Topics include:

Finance and business, managerial finance functions, goal of the firm, financial institutions and markets Financial institutions and markets, business taxes, Financial Statements, Taxes and Cash flows Conceptual Framework of Financial Statements Understanding Corporate Financial Statements and other Financial Reports in Annual Statements. Time value of money, future value, present value, single amounts Future value of annuities, present value of annuities, mixed streams. Risk and return, risk define, return define, risk assessment, risk measurement. Risk of portfolio, correlation, capital asset pricing model Capital budgeting techniques, payback period, discounted payback period, accounting rate of return.Net present value, profitability index, internal rate of return. Net working capital, cash conversion cycle. The weighted average cost of capital, calculating the WACC, Weighting schemes

Text Book:

Reference Books: (A) Principles of managerial finance by Lawrence J. Gitman

FIN - 203 Management Accounting
Credit hours:  3

Pre requisite: FIN - 201 Accounting II

Course objectives

Management Accounting is a foundation level course. It introduces basic managerial accounting concepts to aid student’s in apprehending the role of accounting in planning, decision‐making and controlling. Basic cost terminologies and concepts are introduced followed by product cost accumulation methods and other modern costing techniques. The emphasis is on understanding the importance and use of cost information for decision‐making purposes. Only by understanding how much things cost can managers effectively and strategically reach decisions and evaluate results in today’s competitive market. From the evaluation of past results, a manager would be able to plan and control future activities. Hence, the course covers the use of cost accounting information for management decision making including the role of budgeting as a management control tool.

Course topics:

Management accounting vs. Financial Accounting, Cost management system, Direct and indirect costs, fixed and variable cost, product and period costs, marginal and average costs, Cost of goods sold statement, income statement, production costing, service costing, Types of product costing systems, overhead applications ,under and over applied overheads, Marginal Costing - Break Even Analysis, variable , Budgetary control system, Govt. budgets vs. corporate budgets, Operational budgets, cash budgets, master budget and zero based budgets, Standard costing and performance measurements, performance reports.

Text book

Cost Accounting by K. Alex

FIN – 205 Business Finance
Credit Hours: 3

Pre-requisite: Nil

Course objectives:

This is a first level corporate finance course that looks at the essential aspects of financial decision-making. The course begins by examining the different ways in which companies can be structured and the different types of ownership that exist. A discussion of both the role of the financial manager within an organization and the roles of financial markets is used to provide a unified framework for all the topics discussed later in the class. The course develops distinct conceptual frameworks and specialized tools for solving real-world financial problems at both the personal and corporate level. Illustrations from real-life corporate practices are used to highlight the importance and relevance of financial management to the realization of personal and corporate financial objectives.

Course Outline:

Financial fundamentals, Finance in society, personal financial decisions, business financial activities, government finance, Financial environment and business, basic economic systems and principles, legal form of business, types of financial markets, global financial activities, Business finance goals, understanding financial statements, develop a financial budget, Financial statement analysis ,Ratio analysis, interest rate and bond valuation.

Recommended Text:

1. 
   Business Finance by Les Dlabay , James Burrow
   
2. 
   Principles of managerial finance by Lawrence J. Gitman
   

(C) Corporate finance fundamentals by Ross, Westfield, Jordan

FIN - 301 Corporate Finance
Credit hours:  3

Pre-requisite: FIN - 202 Financial Management

Course Objective:

This course is intended to provide an overview of the study and field of corporate finance. The focus will be upon the three key decisions in corporate finance: the investment decision (capital budgeting, investment appraisal and the consequent company valuation), the financing decision (debt, equity and the consequent capital structure) and the dividend decision (payout, retention, policy and the consequent shareholders' wealth). An understanding of corporate finance in an international context will also be developed.

Students will be introduced to the major areas in corporate finance and the general financial environment a firm faces using real world examples.

Topics include:

Introduction to corporate finance: First principles, Corporate decisions & firm value, Tools of corporate finance, Objectives in corporate finance, Objectives in corporate finance, Understanding financial statements, The Investment Decision: Investment appraisal techniques – NPV, payback & IRR, Making capital investment decisions: Incremental cash flows, costs, Inflation and capital budgeting, Return and Risk: The Capital, Asset Pricing Model (CAPM), Risk, Cost of Capital and Capital Budgeting, Company's Stock Valuation:, Dividend discount model, Constant growth model, Capital Structure: An overview of financing choices, Capital Structure: Corporate financing decisions and efficient capital markets, The Financing Mix: Tradeoffs & theory, Debt, Equity, Benefits & Costs, Corporate Dividend Policy: Process, measure, reasons, Corporate Dividend Policy: Costs and benefits, International Corporate Finance:

Basic terminology, Introduction to foreign exchange markets, Exchange rates, PPP, International Corporate Finance: International capital budgeting, Exchange rate risk, Political risk

Text Book:

• 
  "Corporate Finance: Theory & Practice" by AswathDamodaran, 2nd Edition (2007)
  
• 
  "Core Principles and Applications of Corporate Finance" by Ross, Westerfield, Jaffe & Jordan, McGraw-Hill International Edition
  
• 
  Ross, Westerfield and Jaffe, Corporate Finance, 9th Edition, McGraw Hill, 2010. (RWJ)
  
• 
  Benninga, Simon, Principles of Finance with Excel, 2nd Edition, Oxford University Press, 2011. (SB)
  

Reference Book:

1. 
   "Investments", ZviBodie, Alex Kane and Alan J. Marcus, 5th Edition, McGraw-Hill Irwin (2002)
   
2. 
   "Fundamentals of Corporate Finance" by Brealey, Myers and Marcus
   
3. 
   "Financial Markets and Corporate Strategy", Mark Grinblatt and Sheridan Titman, 2nd Edition (2002)
   
4. 
   "Modern Investment Theory", 5th Edition, Robert A. Haugen, Prentice Hall (2001
   

FIN - 302 Information Systems Audit
Credit hours:  4

Pre-requisite: FIN - 202 Financial Management

Course Objective:

This course includes a collaboration of information system and auditing. This course aims to deliver information system concepts and linkage of information system techniques to evaluate audit in an organization. The focus is on core auditing procedures and various entities involved in conducting audit. This course explains the nature of internal audit and describes its role as a part of overall performance management and its relationship with external audit. Another objective of this course is to demonstrate how the auditor obtains an understanding of the entity and its environment, assess risk of material misstatement, whether arising fraud or other irregularities and plans an audit of financial statement

Learning Outcomes:

1. Audit framework and regulation

2. Internal Audit

3. Planning risk & Assessment

4. Internal Control

5. Audit evidence

Topics included:

Information system concepts: Information characteristics, system in organizations, introduction of information system audit and control. Audit Concepts and practical examples. Workflow and Audit Procedures, Assurance Engagement: Nature and objectives of audit and assurance, concepts of accountability, stewardship, agency, true and fair reasonable assurance. Vouching: Extent, Procedure, Techniques, Vouching of cash book from receipt and payment perspective. Cash book, purchase book, sales book, and purchase returns book bills receivable and payable books, Bank reconciliation statement. Internal audit: Factors for internal audit, structures and operation, scope & limitations, purpose of internal audit assignments including value for money. Systems and controls: understanding of internal controls, key components,deficiencies and significance, audit strategy and audit plan, and reporting of deficiencies to management. Scrutiny – Revenue Account: Scrutiny of Trading account , Profit & Loss account , Scrutiny of profit and loss appropriation account, Audit of Partnership Concerns & Sole Traders: Auditors & partnership accounts, Types of partnership audits, advantages of audit to sole trader and to a firm. Audit of partnership firm contrasted with audit of limited companies, Risk : Professional Skepticism, professional judgment, audit in accordance with ISA, components of audit risk, risk assessment procedure, Regulatory Bodies In Pakistan:

• 
  Ministry of Finance
  
• 
  Ministry of Commerce
  
• 
  State bank of Pakistan
  
• 
  Security and exchange commission of Pakistan
  

Institute of chartered accountants of Pakistan

Reference Books:

1. 
   Audit and Assurance ACCA F8 Module complete Text 2011 Publishing Inc. Kaplan
   
2. 
   Principles of Auditing by Prof. Dr Khawaja Amjad Saeed. Edition 2013
   

Handouts

FIN - 401 Strategic Financial Management

Credit hours: 3

Prerequisites: FIN - 301 Corporate Finance

Course Objective:

Currently, the theory and practice of financial management offers a variety of metrics to measure corporate performance. However, most of companies use theSystem of the operational control based on the comparison of planned and actual results. However, application of this approach provides limited possibilities to estimate the success of long-term strategic tasks implementation. This course is focused on the strategic aspects of the corporate managementand methodological issues for development of value-based management systems.A special attention is devoted to measures and approaches of the corporateStrategy effectiveness evaluation and strategy monitoring.

Topics Include

Strategic financial management, introduction, meaning , definition, characteristics, scope, importance, success and constraints, Mean variance analysis and Markowitz modern portfolio theory, Capital asset pricing model, capital market line, security market line, implications of CAPM and evaluation of CAPM,Factor models , types of factor models , estimating factor models, Estimating factor models,Arbitrage pricing theory.

Text Book:

1. 
   Strategic Financial Management by Rajni Sofat & preeti Hiro
   

FIN - 402 Financial Markets & Institutions
Credit hours: 3

Pre requisite: FIN - 301 Corporate Finance

Course Objective:

The Objective of this course is to help students in understanding what financial markets are and how they work, How Financial markets practically work out for continuous flow of funds in different sectors. The highlight of this course is on theoretical understanding of key concepts, an appreciation of various roles of financial markets and practical significance. This course will enable the students to understand the financial markets from broader perspective. Students would find this course interesting yet challenging

Topics include:

Financial Markets: Introduction, Financial Regulators, Interest Rates (Real and Nominal), Risk and Valuation, Central Bank and Its Monetary Policy, Financial Markets and its Applications, Foreign Exchange Market, Stock Market and its working, Fundamentals of Financial Institutions: Purpose of Existence, Managing Conflicts of Interest Rate in Financial Markets, Financial Institutions Industry (Domestic & International), Depository Institutions (Commercial Banks), Financial Institutions Industry (Domestic & International), Depository Institutions (Islamic Banks, Thrift Institutions), Regulation of Depository Institutions, Insurance Companies, Securities Firms and Investment Banks, Finance Companies, Pension Funds, Mutual Fund Industry Practical Application, Risk Management in Financial Institutions: Types of Risk (Credit Risk, Liquidity Risk, Interest Rate and Insolvency Risk)

Text Book:

1. 
   Financial Markets & Institutions: A Modern Prospective by Saunders and Cornett (McGraw Hill) 3rd Edition (TEXT BOOK)
   
2. 
   Financial Markets & Institutions by Frederic S. Mishkin, Stanley G. Eakins, (Pearson) 5th Edition (Softcopy will be provided)
   
3. 
   Technical Analysis of the Financial Markets by John J. Murphy (Softcopy will be provided)
   
4. 
   "Financial Management : Principles and Applications" by Keown, Martin, Petty & Scott
   
5. 
   "Principles of Financial Accounting" by Larson Wild and Chiappetta
   

FIN - 403 Financial Management for MBC
Credit hours: 3

Pre requisite: FIN - 102 Accounting I

Course Objective:

This course introduces the basics of financial management to students. Objective of the course is to make students familiar with the functions and tasks that a financial manager is expected to undertake. Broad areas include financial statement analysis, time value of money, capital budgeting, working capital management and basics of financial modeling on excel.

Learning Outcomes:

1. Difference between finance and accounting.

2. Concept of time value of money.

3. Analysis of the project.

4. Concept of leverage.

5. Basics of financial modeling.

Topics include:

Finance and business, managerial finance functions, goal of the firm, financial institutions and markets.Financial institutions and markets, business taxes, financial statement analysis, ratio analysis, liquidity ratios, activity ratios, debt ratio.Profitability ratios, horizontal and vertical analysis, market ratios.Financial planning process, financial modeling, profit planning, preparing the pro forma income statement, preparing pro forma balance sheet, evaluation of pro forma statements. Time value of money, future value, present value, single amounts, Future value of annuities, present value of annuities, mixed streams.Risk and return, risk define, return define, risk assessment, risk measurement.Capital budgeting techniques, payback period, discounted payback period, accounting rate of return, Net working capital, and cash conversion cycle.The weighted average cost of capital, calculating the WACC, Weighting schemes.

Text Book:

1. 
   Principles of managerial finance 13th edition By Lawrence J. Gitman, Chad J. Zutter
   

FIN - 404 Topics in Finance
Credit hours:  4

Pre-requisite: FIN – 301 Corporate Finance

Course Objective:

The course is designed to develop knowledge and skills in the field of banking. It will provide the understanding of how banks work and why banks are rated as most important pillar in the economy of the country.

Topics Include:

What is a bank, the services banks offers the public, dealing in securities, brokerage and security underwriting services,Government policies and regulation on banking, the impact of regulations on banking, major banking laws, the central banking system and its impact on decision and policies of the Individuals, Financial statements of banks,Measuring and evaluating bank performance,Asset and liabilities management strategies, interest rate risk, forces determining interest rates, the measurement of interest rates,The components of interest rates, banks response to interest rate risk, goals of interest rate hedging, interest sensitivity gap measurement,The concept of duration in banking, using duration to hedge against interest rate risk, the limitations of duration gap management,Using financial futures and options in banking, security trade at a set price, the short hedge in futures, the long hedge in futures, interest rate options.

Text Book:

1. 
   Commercial bank management by Peter S.Rose, fifth edition.
   

BF – 231 Financial Reporting
Credit Hours: 3

Pre-requisite: Intro to Accounting

Course objectives:

The course focuses on the analysis and use of financial accounting information in the evaluation of corporate performance.  The course initially demonstrates the accounting process and resulting generation of financial statements. Building on these core accounting concepts, the course emphasizes the understanding of financial statements, International Accounting Standards and the analysis of these financial statements including common size analysis, ratio analysis, the impact of taxes, and credit analysis.  Completion of the course will enhance the student’s ability to read, interpret and analyze financial statements for making investment, credit, acquisition and other evaluation decisions.This course aims to introduce students to selected issues in financial reporting. The students should be familiar with the financial reporting issues in the international context. The course is based on International Financial Reporting Standards, and also referring to Generally Accepted Accounting Principles. The course will also provide opportunities for practicing problem solving. The course uses tools learned in Financial Statement Analysis, such as ratio and accounting analysis, to discuss financial reporting principles, emphasizing the link between the reporting principles and the financial statements. Students will learn how management uses financial reporting decisions to influence reported income and asset and liability values, and they will gain the tools necessary to analyze the impacts of alternative reporting decisions on financial statements.

Course Outline:

Accounting standards and financial reporting, Conceptual framework, Accounting Information system, Income Statement and Statement of changes in owners’ equity, Statement of, financial position and Statement of cash flows, Cash and Receivables, Inventory, Liabilities and Owners’ equity.

BF – 243 Micro Finance and SME Banking