Commerce & Finance

INTRODUCTION

The Department of Commerce & Finance is meant to focus upon commerce, finance, banking and accountancy education in toto. It enables students to learn and apply the contemporary techniques pertaining to Banking and Finance in an effective manner, and to discover the best possible ways to deal with the economic & financial problems of the day both at domestic and international levels. The prospective graduates are expected to fulfill the requirements of professional accountancy studies as the curriculum and methodology have been designed in accordance with the market trends. The department provides conducive environment for students in order to develop good understanding about Banking, Accountancy and Finance and their role of these factors in economic development of Pakistan. The Department aims at enabling students with such knowledge and expertise that would enable them analyze the trends, mechanism and structure of domestic and international financial markets in the light of current economic turmoil and challenges; thus it will contribute towards the growth and development of financial system. Along with academic nurturing, the Department of Commerce & Finance believes in inducing soft skills in its students. It comes through various activities including conferences, character building seminars, quizzes, debate competitions and group visits to financial and regulatory institutions. Life at GCU Lahore thus becomes reliably productive through zeal and courage desired to go for an extra mile to learn, which is a true “Ravian Spirit”.

Mission Statement:

To provide a robust platform for generating accountancy professionals and future leaders enriched with innovation and adaptability in the core areas of Commerce, Banking, Accounting and Finance.

FACILITIES

The Department is equipped with the latest instructional aids and technology in lecture and seminar rooms and computer lab which provides online access to journals through Government College University library for undergraduate and postgraduate level students.

Special Features of Societies

The Department also promotes co-curricular participation among students. For this purpose two societies work within the department to provide platform to students to enhance their skills & abilities. The societies currently working under the department are:

  • Commerce Society
  • Business, Accounting and Finance Society

These societies arrange different activities throughout the year such as lectures, quizzes, competitions which provide students abundant learning experience and interaction.

Research

Faculty members of the Department of Commerce & Finance strive hard to promote research compatible with international standards in various fields of Accountancy & Finance. Our faculty members bring the excitement of their knowledge discovery into the classroom, so students get an early view of findings that are shaping the future of business.

Research Groups

  • Corporate Finance
  • Value Creation
  • Financial Reporting w. r. t  IFRS/IAS
  • Accounting Education
  • Auditing
  • Empirical Finance
  • Financial Management
  • Behavioral Finance
  • Entrepreneurial Finance
  • Risk Management
  • Capital Structure
  • Innovation and Competitiveness

The Department offers market-driven and widely recognized undergraduate and postgraduate Programmes.

  • BSc (Hons) Business Accounting and Finance
  • B.Com. (Hons)
  • MS Banking & Financial Economics

CURRICULUM

Year – 1
Semester– I

Course Code

Course Title

Credit Hours

BAF-1101 Principles of Accounting

3

Semester– II
BAF-1201 Financial Accounting

3

Year – 2
Semester– III

Course Code

Course Title

Credit Hours

BAF-2101 Cost Accounting

3

Semester– IV
BAF-2201 Introduction to Business and Entrepreneurship

3

BAF-2202 Principles of Finance

3

Year – 3
Semester– V

Course Code

Course Title

Credit Hours

BAF-3101 Principles of Management

3

BAF-3102 Business Research Methodology

3

BAF-3103 Financial Management

3

BAF-3104 Managerial Accounting

3

BAF-3104P Managerial Accounting

1

BAF-3105 Commercial Law

3

Semester–VI
BAF-3201 Principles of Marketing

3

BAF-3202 Business Communication and Report writing

3

BAF-3203 Corporate Law

3

BAF-3204 Income Tax Law

3

BAF-3205 Corporate Governance & Auditing

3

Year – 4
Semester– VII

Course Code

Course Title

Credit Hours

BAF-4101 Banking Law and Practices

3

BAF-4102 Sales Tax, Custom & Excise Duty

3

  Elective-I

3

  Elective-II

3

BAF-4299 Research Dissertation/Internship

3

Semester–VIII
BAF-4201 Financial Econometrics

3

BAF-4201P Financial Econometrics

1

BAF-4202 Advanced Financial Accounting (with special reference to IAS/IFRS)

3

Elective III

3

Elective IV

3

BAF-4299 Research Dissertation/Internship

3

Elective Courses
Elective I & II
BAF-4103 Analysis of Financial Statements

3

BAF-4104 Accounting for Special Ventures

3

BAF-4105 Advanced Auditing

3

BAF-4106 Investment & Portfolio Management

3

BAF-4107 Valuation of Financial Derivatives

3

BAF-4108 Insurance & Risk Management

3

Elective III & IV
BAF-4203 Accounting for Corporations & Banking Companies (with special reference to IAS/IFRS)

3

BAF-4204 International Accounting

3

BAF-4205 Accounting Information System (Accounting Software-PEACH Tree)

3

BAF-4206 Credit Analysis and Management

3

BAF-4207 Mechanics of Financial Markets and Institutions

3

BAF-4208 International Financial Management

3

BAF-4209 Entrepreneurship & Small Business Management

3

Allied Courses (Business Accounting and Finance)
Year – 1
Semester– I

Course Code

Course Title

Credit Hours

BAF-1101 Principles of Accounting

3

Semester– II
BAF-1201 Financial Accounting

3

Year – 2
Semester– III

Course Code

Course Title

Credit Hours

BAF-2101 Cost Accounting

3

Semester– IV
BAF-2201 Introduction to Business and Entrepreneurship

3

B. Com 4- Year (Hons) Degree Programme

Description of the Programme:

The courses is more balanced by realigning the course contents to modern needs to include both commerce and social sciences subjects for overall professional and character development of the student. Courses were classified into core and specialized courses in Commerce. Support courses in social sciences and humanities were introduced for producing the effective leaders in commerce to meet the challenges of the 21st century.

The objective of the programme is to provide the banking, financial sectors and as well as to non-financial sector with relevant human resource equipped with academic and applied knowledge. The programme will enable the participants to develop a good understanding of accounting, finance, money, banking, management and marketing and to understand the role of these factors in economic development. Moreover, they will be better able to analyze the behavior and structure of domestic and international products & financial markets and institutions in the light of current crises and challenges and may play their role in the development of manufacturing sector, trading sector, banking and non- banking financial institutions and capital markets.

Objectives of the Programme:

At the end of the programme the students will be able to:

• Evaluate different financial proposals by exhibiting strong theoretical Knowledge and quantitative techniques.

• Establish an accounting system for new concern or handle the accounts of any ongoing concern.

• Have a broader understanding of corporate, legal and business affairs.

• Understand the modern business scenario.

• Use strong managerial, interpersonal and negotiation skills.

• Conduct research independently recommend policy implication regarding current economic and financial scenarios.

• Comprehend business and economic environment.

  1. The applicant (Male/Female) applying for admission to BCom 4-years (Hons) programme must have passed his/her HSSC (Pre-Engineering, Pre-Medical, ICS, Gen. Science, ICom and DCom) with at least 50% marks or A-level/12 Grade or equivalent in three subjects in first annual examination of the year of admission or in the preceding year of the admission.

  2. There is no age limit for an applicant seeking admission to B.Com (Hons).

  3. Admission will be strictly on merit which shall be determined on the basis of overall marks test and interview.

Year – I
Semester – I
Course Code Course Title Credit Hours
BC ISL-1101 Islamic Studies

2

BC ENG-1101 Functional English

3

BC MGT-1101 Introduction to Business

3

BC ACC-1101 Principles of Accounting

3

BC ECON-1101 Micro Economics

3

BC MATH-1101 Business Mathematics

3

Semester – II
Course Code Course Title Credit Hours
BC PST-1201 Pakistan Studies

2

BC ENG-1201 Communication Skills

3

BC CA-1201 Computer Application in Business

3

BC ACC-1201 Financial Accounting

3

BC ECON-1201 Macro Economics

3

BC STAT-1201 Business Statistics

3

Year – II
Semester – III
Course Code Course Title Credit Hours
BC ACC-2101 Business Law

3

BC MGT-2201 Principles of Management

3

BC ACC-2103 Advanced  Accounting-I

3

BC FIN-2101 Introduction to Business Finance

3

BC ECON-2101 Economic issues of Pakistan

3

Semester – IV
Course Code Course Title Credit Hours
BC ENG-2201 Technical Writing and Presentation Skills

3

BC MGT-2202 Entrepreneurship

3

BC ACC-2201 Cost Accounting

3

BC ACC-2102 Business Taxation

3

BC ACC-2202 Advanced Accounting-II

3

BC IDC-2201 Logical and Critical Thinking

3

Year – III
Semester – V
Course Code Course Title Credit Hours
BC STAT-3101 Inferential Statistics

3

BC ACC-3102 Managerial Accounting

3

BC FIN-3101 Financial Management

3

BC ACC-3101 Corporate Law

3

BC MKT-3101 Principles of Marketing

3

Semester – VI
Course Code Course Title Credit Hours
BC RM-3201 Research Methods in Business

3

BC MGT-3202 Principles of Risk Management and Insurance

3

BC ACC-3201 Auditing

3

BC MGT-3203 Managerial Economics

3

BC MGT-3201 Human Resource Management and Organization Behvior

3

BC INT-3201 Internship

3

Year – IV
Semester – VII
Course Code Course Title Credit Hours
BC IT-4101 E. Commerce

3

BC FIN-4101 Investment and Portfolio Management

3

BC MGT-4101 Operations Management

3

BC FIN-4102 Financial and Regulatory Institutions

3

 XXXX Elective – I

3

 XXXX Elective – II

3

 XXXX

OR

BCOM-4299

Elective –III

OR

Research Project

3

Semester – VIII
Course Code Course Title Credit Hours
BC FIN-4202 Corporate Governance

3

BC MGT-4201 Strategic Management

3

BC FIN-4201 International Business

3

 XXXX Elective – IV

3

BC INT-3201

OR

BCOM-4299

Internship or

Research Project

3

Fields of Specialization
Accounting
BC ACC-4101 Advanced Accounting Theory and Practice

3

BC ACC-4102 Public Sector Accounting

3

BC ACC-4103 Advanced Auditing

3

BC ACC-4104 Cost Accounting Application

3

BC ACC-4105 Financial Reporting and their Disclosures

3

Finance
BC FIN-4103 Islamic Finance

3

BC FIN-4104 Corporate Finance

3

BC FIN-4105 Project Management

3

BC FIN-4106 Specialized Financial Institution

3

BC FIN-4107 International Finance

3

BC FIN-4108 Treasury and Fund Management

3

Marketing
BC MKT-4101 International Marketing

3

BC MKT-4102 Marketing Management

3

BC MKT-4103 Retail Management

3

BC MKT-4104 Advertising

3

BC MKT-4105 Marketing Research

3

BC MKT-4106 Hotel and Restaurant Management

3

Banking
BC BNK-4101 Banking Law and Practices

3

BC BNK-4102 International Banking

3

BC BNK-4103 Treasury and Fund Management

3

BC BNK-4104 Regulation of Financial Services

3

BC BNK-4105 Islamic Banking

3

Year – 1
Semester– I
Course Code Course Title Credit Hours
BFE-7101 Economic Analysis 3
BFE-7102 International Finance and Management 3
BFE-7103 Investment Portfolio Including Assets and Liabilities Management (ALM) 3
BFE-7105 Applied Financial Econometrics-I 3
BFE-7106 International Banking and Trade 3
Semester– II
BFE-7201 Monetary Economics and Policy 3
BFE-7202 Financial Sector of Pakistan 3
BFE-7203 Financial Risk and Management 3
BFE-7204 Legal and Regulatory Framework for Banks and Financial Institutions 3
BFE-7205 Risk Management in Banks 3
BFE-7206 Advance Corporate Finance 3
BFE-7207 Dynamic Assets Pricing 3
BFE-7208 Applied Financial Econometrics – II 3
BFE-7209 Financial Market and Institution 3
BFE-7210 Financial Economics 3
BFE-7212 Islamic Banking and Finance 3
Year – 2
Semester– III  & IV
Course Code Course Title Credit Hours
BFE-7499 Thesis 12

FACULTY

Nosheen-Rasool

Nosheen Rasool

M.S. (BFE)- (GCUL)
M.A. Econ. (PU)
B.Com. (Hons.) Finance Specialization (HCC, PU)

Designation:
In-Charge

Sadaqat-Hussain

Dr. Sayyed Sadaqat Husaain Shah

PhD (China) M.Phil (MU Lahore), M. Com. (PU)

Designation:
Assistant Professor

Mr. Safyan Majid

Ph.D. Scholar Accounting & Finance (UOL)
MS-ESME-(GCUL)
B.Sc. (Hons.) – (GCUL)

Designation:
Lecturer

Mr. Ali Raza Elahi

Ph.D. Scholar (Finance), M.S.(BFE)
B.Com.(Hons.) with Finance Specialization

Designation:
Lecturer

Prof. Ashraf Ali

(Retired Senior Vice President from FBL)

Designation:
Visiting Faculty

Mr. M.Mubashir Hussain

M.S.(BFE), M.B.A.(B&F), M.A.(Econ.), M.A.(Eng.), JAIBP, LCIS, AIMM, PIPFA & CA (Inter.)

Designation:Visiting Faculty

Dr. Asim Iqbal

PhD Economics (GCUL)

Designation:
Visiting Faculty

Dr. Khalid Rasheed

Mr. Irfan ul Haq

MS (NCBAE)
Designation:
Visiting Faculty

Ms. Sadia Anjum

MS-BFE (GCUL)

Designation:
Visiting Faculty

Mr. Hesan Zahid

M.Sc. International Finance-UK

Designation:
Visiting Faculty

Mr. Aftab Jilani

MBA (Middlesex School of Management London )

Designation:
Visiting Faculty

Mr. Qari M. Awais

Fellow Cost and Management Accountant (FCMA)

Designation:
Visiting Faculty

Ms. Shama Sadaqat

MPhil Business Administration-(NCBAE)

Designation:
Visiting Faculty

Ms. Fareeha Waseem

MPhil Finance (IBA,PU)

Designation:
Visiting Faculty

Mr. Zaroon Rashid Pirzada

LL.B. (A Section) Punjab University Law College

Designation:
Visiting Faculty

Mr. Abdul Qayum Sabri

Fellow Cost and Management Accountant (FCMA)

Designation:
Visiting Faculty

M. Shahbaz Yaqub

Associate Cost and Management Accountant (ACMA)

Designation:
Visiting Faculty

Zahid Rasool

Associate Cost and Management Accountant (ACMA)

Designation:
Visiting Faculty

Mr. Salman Haider

Fellow Cost and Management Accountant (FCMA)

Designation:
Visiting Faculty

Ms. Zreen Rana

M.Phil -English literature &language (GCUL).

Designation:
Visiting Faculty

Ms. Aatiqa Shakoor

MS-ESME (GCUL)

Designation:
Visiting Faculty

Mr. Sohail

MPhil Accounting & Finance(UOL)

Ms. Saneela Naseem