The Associate Degree in Accounting and Finance is designed to highlight the key areas of accounting and financial management within a business context. The Associate Degree in Accounting and Finance is many a times referred to as the golden passport, since it gives its holder an edge in the job market by opening more doors of opportunity. The degree helps the graduate to fulfill potential for high earnings, increased responsibility, and greater personal development. The present decade has been labeled as the era of business, business administration and business graduates. The Associate Degree in Accounting and Finance program aims at developing a student’s intellectual ability, executive personality and managerial skills through an appropriate blending of business and general education. The program will assist the students in understanding and developing the unique leadership qualities required for successfully managing business functions, an organizational unit or an enterprise. Students will be encouraged to evaluate modern tools and techniques to improve their understanding of the financial management of business and the role of finance manager.
The aim of Accounting and Finance degree program is to provide information to the interested users to enable them to make business decisions. The necessary information, particularly in case of external users, is provided in the basic financial statements i.e., Profit and loss statement and Balance sheet. Earning profit is the main purpose for which a business is carried on. This information is available from the profit and loss statement. Profit is calculated by deducting expenses from the associated revenues. Profit is a measure of the performance of the enterprise. A balance sheet depicts the financial position of an enterprise. It is a statement of assets and liabilities. It shows the resources (assets) owned by an enterprise and depicts the claims (liabilities) against the resources. The balance of assets minus the external liabilities shows the capital (owner’s equity).
Students graduating with a degree in accounting and finance will:
- Possess fundamental accounting knowledge for professional accounting positions
- Demonstrate communication skills
- Critically analyze and solve problems, using technology where appropriate
- Understand the importance of ethics to the accounting profession and demonstrate ethical decision making.
- At least 45% marks in FA/F.Sc./I.Com/ICS or equivalent*.
- Maximum age Limit is 22 years on the closing date of application.
| Total Semesters : | 4 |
| Subjects: | 19 |
| Credit Hours: | 71 |
| Semester 1 | ||
| AAF- 301 | Principles of Accounting | 3(3-0) |
| AAF-303 | Introducation to Business | 3(3-0) |
| ECO-301 | Principles of Micro Economice | 3(3-0) |
| ENG-321 | Functional English | 3(3-0) |
| MTH-321 | Business Mathematics | 3(3-0) |
| ISL-321 | Islamic Studies OR | 2(2-0) |
| ISL-322 | Ethics (Non-Muslims) | 2(2-0) |
| Total | 17 | |
| Semester 2 | ||
| AAF- 302 | Financial Accounting | 3(3-0) |
| CSI-321 | Computer Application in Business | 3(3-0) |
| ECO-302 | Principles of Macro Economice | 3(3-0) |
| ENG-421 | English for Acadmic Purposes | 3(3-0) |
| STA-322 | Business Statistics | 3(3-0) |
| PST-321 | Pakistan Studies | 2(2-0) |
| Total | 17 | |
| Semester 3 | ||
| AAF- 401 | Advanced Accounting-I | 3(3-0) |
| LAW-513 | Business Law | 3(3-0) |
| AAF-405 | Introducation to Business Finance | 3(3-0) |
| AAF-407 | Business Taxation | 3(3-0) |
| SOC-307 | Introducation to Sociology | 3(3-0) |
| PSY-305 | Introducation to Psychology-I | 3(3-0) |
| Total | 18 | |
| Semester 4 | ||
| AAF- 402 | Advanced Accounting-II | 3(3-0) |
| AAF-404 | Cost Accounting | 3(3-0) |
| AAF-406 | Principles of Auditing | 3(3-0) |
| AAF-430 | Project /Internship | 3(0-3) |
| LAW-716 | Corproate Law | 3(3-0) |
| AAF-410 | Custom and Sales Tax | 3(3-0) |
| STA-607 | Statistical Inference-I | 3(3-0) |
| Total | 21 | |