Programs – MUST

Programs Offered

Master of Commerce (M.Com 1.5 Years)
BS in Commerce (4 Years)
Bachelor of Science in Accounting and Finance (4 Years)
BS in Commerce 5^th (2 Years for ADC/B.Com 2 Years Degree Holders)
Bachelor of Science in Accounting and Taxation (4 Years)

Master of Commerce (M.Com 1.5 Years)

Evening Program

Introduction

The Master of Commerce (M.Com 1.5 Years) Evening degree program concentrates on commerce, management and economics related subjects. The program covers core competencies in accounting, finance, taxation and auditing. This innovative program is designed for candidates intend to pursue their career in the fields of accounts / finance and are either at the beginning or mid of their professional career. Students having BS in Commerce (4 Years)/B.Com (Hons) 4-Yrs program or equivalent/M.Com (2-Yrs) degrees can take admission in this research-based degree as an alternative of MS/MPhil.

Program Objectives

This program is designed for candidates who intend to pursue their career in various fields of business and commerce.
To equip the students with the techniques and tools of commerce and trade.

General Assessment:

Each semester contains 18 weeks of study that is exclusive of two weeks devoted for the conduction of midterm and final term examination. Midterm examination is to commence after 8 weeks of study and final term examination after 7 weeks of study since the resume of class work very after midterm examination. In the meantime, students are awarded sessional marks which are justified in the line with the take up of written quizzes and assignments on various topics.

Degree Requirements:

Candidates must successfully complete following requirements for grant of M.Com (1.5 Years) Evening degree:

Duration: 1.5 Years (03-05 Semesters)

Course Work: 24 Credits

Thesis 06 Credit Hours

Total Credit Hours: 30 Credits

Eligibility Criteria:

BS in Commerce (4 Years)/B.Com (Hons) 4-Yrs program or equivalent/M.Com (2-Yrs)
No 3rd division in the career.

BS in Commerce (4 Years)

The commerce qualification is in great demand across the corporate world due to the emergence of corporate governance and issues related to better custodians of public wealth.

Four-year BS in Commerce program mainly focuses upon the vital areas of study like that of accounting, auditing, finance, taxation, computer applications, banking, e-commerce, economics, law, statistics, management, and marketing.

Sharp minds are catered to in our department aiming at setting and imparting latest trends and setting new traditions into the field of commerce, business and entrepreneurship. The vim and vigor of the faculty is hereby reflected by the inclination of perfections in all the relevant fields of study by the students. Students are guided by offering them a variety of courses developed in the line of knowledge enrich outline to prepare worthy managers and administrators in numerous fields of life.

The education at FMBS will provide advanced and in-depth knowledge of various subjects at undergraduate and postgraduate level so they may start their professional career better than simply master’s degree holders.

It is a 4-year degree program with 8 semesters and consisting of 129 credit hours including Project.

Why BS in Commerce:

Major aim of this program is to prepare the mind of youngsters so that they may gather appropriate knowledge of commerce, business, accounting, finance, and economics and can get familiarized with tally of research. In precise verdict such field of subjects helps the nation to produce quality management in their entire respective field of life. Students here opt state of the art computer lab, multimedia, and internet for benefiting their minds by getting useful and latest knowledge about their subject or field of interest and hover around latest infrastructure.

With the economic development of the country, the commercial activity increases which resulted in creation of employment. As every business activity needs finance and accounting as core function, therefore, qualification in this filed facilitates better job prospects and quick entry to the practical field. Further, knowledge of accounting and finance helps science students to excel in their career e.g., science students in advance stage of their career, may require financial management skills to prepare budget and forecasts, managing cash inflows and outflows, etc. for their department. The accounting and finance skills assist such professionals to reach to top management positions including heading their own departments of technical nature. Further, accounting and finance has close relationship with logics and mathematics. It is observed that students with mathematical background find accounting and finance related courses more convenient to study as compared to any other professional.

Human Resource (HR) and Training & Development are emerging areas. The knowledge of accounting and finance helps HR professionals to have a better understanding of payroll, compensation and reward management, while ensuring Cost and Benefit Analysis (CBA). It will facilitate them to prepare better projections about organization's financial liability to manage human resources. Regarding training and development, professionals dealing in this area need skills to prepare financial feasibility, income statements, etc. to launch and conclude training programs.

Mission Statement of BS in Commerce:

Purpose of offering admissions in BS in Commerce is to equip the students with proper understanding towards the field of business and industry so that they can pursue their bright career in future endeavours.

Core objective of BS in Commerce:

Providing quality education to the young men and women so that they should develop lust for having compatible knowledge of all the major areas of finance, accounting, economics, management, commerce and most essentially pre-requisites of research, which promises their future growth and successful excel in their relative field of study.

Let the students be familiarizing with the cruxes of wide range of problems and practices into the fields of commerce, industry and economy.
Improving the analytical footings of the aspirants so that they should have sufficient knowledge of the techniques that are used to reduce or probably resolve at large managerial problems.
For maintaining concrete beneficial relationship with commerce, trade, industry, government and non- profit organizations and to develop intellect minds that could serve the future office needs better.
Preparing and proliferation the minds of the young men and women and to furbish them with entrepreneurial calibre and thrift that is necessary to revive in today's global community.

Student Learning Outcomes:

Students qualified the degree of BS in Commerce will undoubtedly:

1: Be familiar to the crux of business and industrial persuasions

2: Be able to use efficiently the relevant knowledge in the field of commerce and industry.

3: Be easily highlighting the way outs of the problems and practices into the fields of commerce.

4: Be having improved analytical footing of the aspirants so that they should have sufficient knowledge of the techniques used to reduce or probably resolve at large managerial problems.

5: Be maintaining concrete beneficial relationship with commerce, trade, industry, government and non-profit organizations.

6: Be having sufficient intellectual mind that could let them serve future needs better

7: Be having a decent and gentle man personality that is reflected through their analytical the thoughtful approach towards their field of study.

BS in Commerce Student Outcomes:

The aspirants should be able to:

Communicate effectively the problems and crux of commerce, industry and business.
Have a thought full personality with sharp minded approach in communication the recent trends in the field of commerce.
Having good financial and economic background of study help them know comprehensively about the global changing patterns in business world.
Having ability to use variety of analytical tools in order to judge the current state of business in all respect.

General Assessment:

After 6th semester each student undergoes 6-8 weeks of internship in some reputable and renowned organization and is required to prepare internship report at the climax. Internship reports will be evaluated by internal examination committee in the last semester.

During 8^th semester it will be compulsory for all students to do a capstone project and go through a comprehensive evaluation system.

Specialization

Finance
Marketing
Human Resource Management
Accounting

Eligibility Criteria for Admission:

Higher Secondary School Certificate (HSSC) or Equivalent securing at least 45% marks in aggregate.
Entry Test as per university rules.

Degree Requirements:

Candidates must successfully complete following requirements for grant of BS in Commerce degree:

Duration: 08-12 Semesters

Course Work: 123 Credits

Internship Report 03 Credit Hours

Research Project 03 Credit Hours

Total Credit Hours: 129 Credits

Courses	Semester Credit Hrs.
(a) General Courses	30 SCH
(b) Allied Courses	12 SCH
(c) Compulsory Courses	03 SCH
(d) Major Courses	78 SCH
(e) Capstone Project	03 SCH
(f) Internship	03 SCH
(g) Holy Quran with Translation, Tajveed and Tafseer	S/U (In each semester)
Total	129 Credit Hours

Bachelor of Science in Accounting and Finance (4 Years)

The Bachelor of Science in Accounting and Finance is a highly specialized degree, preparing the graduate as having expertise in Accountancy and Finance. The students will acquire the knowledge and technical skills needed to analyze accounting/finance and business problems, and they will understand how best to communicate and use financial information to support business decisions. The degree offers specialization in Accounting and Finance.

With the management of financial information underpinning all business activities, there are more employment and career opportunities in accounting and finance than many other areas of study. This degree will prepare students for a rewarding career in any sector of the economy. The graduates may work as a Financial Accountant, Management Accountant, Auditor, Chief Financial Officer, Financial Advisor and Tax Specialist.

Program Learning Outcomes

No.	Attributes	Outcomes
1	Core Business and Accounting Education	An ability to understand and apply the components of the financial system and how it impacts upon financial decisions in an organization and the understanding of Legal and regulatory environment that commercial organizations and accounting professionals must work within.
2	Oral and Written Communication	An ability to demonstrate effective oral and written communication in interpersonal transactions at workplace at a level expected from the graduates of Bachelor of Science in Accounting and Finance degree.
3	Analytical Thinking and Decision-Making Skills	An ability to organize and analyze data for effective decision making to reach an appropriate and sustainable solution at a level expected from the graduates of Bachelor of Science in Accounting and Finance degree.
4	Ethical Considerations in Decision Making	An ability to understand common ethical problem faced by managers and how to use ethical knowledge in decision making.
5	Leadership	An ability to understand and apply theoretical knowledge on leadership to achieve goals through co-workers in workplace settings at a level expected from the graduates of Bachelor of Science in Accounting and Finance degree.
6	Global Perspective with Focus on Textile Industry	An ability to understand issues related to global business operations with focus on Textile Sector of Pakistan.

Program Objectives

To make students able to understand and develop the skills to grasp a broad range of accounting and finance techniques and concepts.
To make them able to critically analyze and compare theoretical knowledge with the practical aspects.
To provide the knowledge and skills to students for using computer technology in accounting and finance for the purpose of improving decision making in an organization setting.
To provide an opportunity for students to evaluate problems and innovations in accounting and finance with effects on managerial decision making.
To make them able to apply integrated techniques of accounting and finance in evaluating the costs and benefits of strategic investments.
To make them able to understand the applications and effects of international accounting standards and financial reporting in an organization setting.
To develop an understanding about ethical issues in accounting and finance.
To mentor students to exploit newly created opportunities in accounting and finance professions.

Why Bachelor of Science in Accounting and Finance

A management degree equips you with extensive knowledge of business, finance, economics, and marketing. It teaches you a range of practical skills, making graduates into professional employees by allowing them to work in public, private, or voluntary sectors. Business graduates are high in demand worldwide and a degree in Management opens avenues to many diverse career paths.

Degree Requirements

The Bachelor of Science in Accounting and Finance is a four-year degree program and consists of 132 credit hours of study. A compulsory requirement for students will be to submit a research dissertation at the end of the degree program. The normal duration for completion of Bachelor of Science in Accounting and Finance degree is 8 semesters over a period of 4 years. During 8^th semester it will be compulsory for all students to do a capstone project and go through a comprehensive evaluation system.

General Assessment

After 6^th semester students will do Internship of 6-8 Weeks and a Capstone Project in 8^th Semester. After submission of Internship Report/Final Project students will be evaluated through internal and then external defence.

Eligibility Criteria for Admission

To apply for Bachelor of Science in Accounting and Finance Program, a candidate must have at least 45% marks or 2nd division in F.S.C./FA/I.Com./ICS/A level or equivalent.
Entry Test as per university rules.

Degree Requirements

Candidates must successfully complete following requirements for grant of Bachelor of Science in Accounting and Finance:

Duration 08-12 Semesters

Course Work 126 Credits

Capstone Project 03 Credits

Internship 03 Credits

Total Credit Hours: 132 Credits

Outline

Sr. No	Category	Credit Hours
1	General Courses	30
2	Allied Courses	12
3	Compulsory Courses	03
4	Major	81
5	Capstone Project	03
6	Internship Report	03
7	Holy Quran with Translation, Tajveed and Tafseer	S/U (In each semester)
	Total	132 Credit Hours

BS in Commerce 5^th (2 Years for ADC/B.Com 2 Years Degree Holders)

Introduction/Description

Candidates holding 2-years B.Com degree or Associate Degree in Commerce (ADC) from a recognized University /institute with at least 45% marks are eligible for admission to BS in Commerce (2 Years) in accordance with HEC Policy, Islamabad, 4-year BS in Commerce (2 Years) is equivalent to existing M.Com with following conditions and required to qualify at least 69 credit hours with minimum 4-semesters to achieve CGPA 2.5 out of 4.0.

First Four semester courses (66 credit hours) of the BS in Commerce (2 Years) will be considered as exempted and such students must qualify remaining 63 credit hours with no further course exemption claim.

Program Objectives

Primarily this program is for those having passed two-year annual B.Com program or Associate Degree in Commerce (ADC) and want to upgrade their education to 16 years program.
Let the students be familiarizing with the cruxes of wide range of problems and practices into the fields of commerce, industry and economy.
Improving the analytical footings of the aspirants so that they should have sufficient knowledge of the techniques that are used to reduce or probably resolve at large managerial problems.
For maintaining concrete beneficial relationship with commerce, trade, industry, government and non- profit organizations and to develop intellect minds that could serve the future office needs better.
Preparing and proliferation the minds of the young men and women and to furbish them with entrepreneurial calibre and thrift that is necessary to revive in today's global community.

Student Learning Outcomes:

Students qualified the degree of BS in Commerce (2 Years) will undoubtedly:

1: Be familiar to the crux of business and industrial persuasions

2: Be able to use efficiently the relevant knowledge in the field of commerce and industry.

3: Be easily highlighting the way outs of the problems and practices into the fields of commerce.

4: Be having improved analytical footing of the aspirants so that they should have sufficient knowledge of the techniques used to reduce or probably resolve at large managerial problems.

5: Be maintaining concrete beneficial relationship with commerce, trade, industry, government, and non-profit organizations.

6: Be having sufficient intellectual mind that could let them serve future needs better

7: Be having a decent and gentle man personality that is reflected through their analytical the thoughtful approach towards their field of study.

BS in Commerce (2 Years) Student Outcomes:

The aspirants should be able to:

Effectively communicate the problems and crux of commerce, industry, and business.
Have a thought full personality with sharp minded approach in communication the recent trends in the field of commerce.
Having good financial and economic background of study help them know comprehensively about the global changing patterns in business world.
Having ability to use variety of analytical tools to judge the current state of business in all respect.

General Assessment:

During 8^th semester it will be compulsory for all students to do a capstone project and go through a comprehensive evaluation system.

Specialization

Finance
Marketing
Human Resource Management
Accounting

Eligibility Criteria for Admission:

Candidates holding 2-year B.Com degree or Associate Degree in Commerce (ADC) from a recognized University /institute with at least 45% marks/2.0 CGPA out of 4 CGPA are eligible for admission to BS in Commerce (2 Years).
Entry Test as per university rules.

Course Exemption

First Four semester courses (66 credit hours) of the BS in Commerce (2 Years) will be considered as exempted and such students have to qualify remaining 63 credit hours with no further course exemption claim.

Degree Completion Duration

It is a 2-year full time study program spread over four semesters. Each semester has at least 18 weeks’ duration for teaching and examinations.

Award of Degree

To be eligible for the award of degree of 4-year BS in Commerce (2 Years) candidates are required to complete course work program by attending minimum four semesters, 63 credit hours with a minimum Cumulative Grade Point Average of 2.5 out of 4.0.

Scheme of Study of BS in Commerce (2 Years):

Degree Requirements:

Candidates must successfully complete following requirements for grant of BS in Commerce degree:

Duration: 4 Semesters

Course Work: 57 Credits

Internship Report 03 Credit Hours

Research Project 03 Credit Hours

Total Credit Hours: 63 Credits

Courses	Semester Credit Hrs.
Allied Courses	12 SCH
Major Courses	45 SCH
Capstone Project	03 SCH
Internship	03 SCH
Holy Quran with Translation, Tajveed and Tafseer	S/U (In each semester)
Total	63 Credit Hours

Bachelor of Science in Accounting and Taxation (4 Years)

Introduction:

Bachelor of Science in Accounting and Taxation is an undergraduate degree program that focuses on accounting principles and practices, as well as tax laws and regulations. This program typically prepares students for careers in accounting, finance, taxation, and related fields. The program could help aspiring professionals to develop creative thinking for strategic decisions at various organizational levels. Considering the need for specialization and rising demand of taxation services in Pakistan, it is high time to launch a degree on accounting and taxation. The degree would offer unique combination of accounting and taxation knowledge in line with modern realities of business practices in Pakistan.

After graduating, the students would be able to work with accounting and taxation consultancy firms and would also be able to pursue independent career as ‘Tax Practitioner’ in Pakistan. The proposed program consists of 132 credit hours with a time period of four years. Suggested title of degree program is Bachelor of Science in Accounting and Taxation. It would be an eight semesters-132 credit hours’ degree program.

Core objective of Bachelor of Science in Accounting and Taxation:

Fundamental Accounting Knowledge: Provide students with a solid foundation in accounting principles, including financial accounting, managerial accounting, and cost accounting. Ensure they understand the basics of recording financial transactions, preparing financial statements, and analyzing financial data.
Taxation Expertise: Equip students with in-depth knowledge of tax laws at the federal, state, and local levels. Teach them how to calculate and minimize tax liabilities for individuals and businesses. Cover topics such as tax planning, compliance, and ethical considerations in taxation.
Business and Finance Acumen: Offer courses in business and finance that give students a broader understanding of the business world. This includes learning about business operations, financial management, economics, and business ethics.
Auditing Skills: Teach students the principles of auditing, including audit planning, risk assessment, and the evaluation of internal controls. Provide them with the skills to conduct financial audits and assess financial statements for accuracy and compliance.
Communication and Professionalism: Develop strong communication skills, both written and oral, to enable students to effectively convey financial information to clients, colleagues, and stakeholders. Emphasize professionalism and ethical behavior in accounting and taxation practice.
Critical Thinking and Problem Solving: Cultivate analytical and critical thinking skills to help students solve complex financial and tax-related problems. Encourage them to apply accounting and taxation principles to real-world scenarios.

General Assessment:

During 8^th semester it will be compulsory for all students to do a capstone project and go through a comprehensive evaluation system.

Eligibility Criteria for Admission

To apply for Bachelor of Science in Accounting and Taxation Program, a candidate must have at least 45% marks or 2nd division in F.Sc./FA/I.Com./ICS/A level or equivalent.
Entry Test as per university rules.

Degree Requirements:

Candidates must successfully complete following requirements for grant of BS in Commerce degree:

Duration: 08-12 Semesters

Course Work: 126 Credit Hours

Internship Report 03 Credit Hours

Research Project 03 Credit Hours

Total Credit Hours: 132 Credits

Courses	Semester Credit Hrs.
(a) General Courses	30 SCH
(b) Allied Courses	12 SCH
(c) Compulsory Courses	03 SCH
(d) Major Courses	81 SCH
(e) Capstone Project	03 SCH
(f) Internship	03 SCH
(g) Holy Quran with Translation, Tajveed and Tafseer	S/U (In each semester)
Total	132 Credit Hours