Commerce 2004

CURRICULUM OFCOMMERCE FOR B.COM., M.COM. & M.Phil. (Revised 2004) HIGHER EDUCATION ISSION COMM HIGHER EDUCATION COMMISSION ISLAMABAD CURRICULUM DIVISION, HEC Prof. Dr. Altaf Ali G. Shaikh Qazi Riaz Ahmad Malik Ghulam Abbas Miss Ghayyur Fatima Mr. M. Tahir Ali Shah Mrs. Noshaba Awais Adviser (HRD) Director Curriculum Deputy Director Deputy Director Assistant Director Assistant Director Composed by Mr. Zulfiqar Ali, HEC Islamabad 2 CONTENTS 1. 2. Introduction Curriculum for B.Com. i) Scheme of Studies ii) Details of Courses Curriculum for M.Com. i) Scheme of Studies ii) Details of Courses iii) Fields of Concentration Curriculum for M.Phil . Recommendations 7 10 10 11 24 24 26 35 48 49 3. 4. 5. 3 4 PREFACE Curriculum of a subject is said to be the throbbing pulse of a nation. By looking at the curriculum of a subject, one can judge the state of intellectual development and the state of progress of a nation. The world has turned into a global village, new ideas and information are pouring in a constant stream. It is, therefore, imperative to update our curricula by introducing the recent developments in the relevant fields of knowledge. In exercise of the powers conferred by Sub-section (1) of section 3 of the Federal Supervision of Curricula Textbooks and Maintenance of Standards of Education Act 1976, the Federal Government vide Notification No.D773/76-JEA (Cur.), dated December 4, 1976, appointed Higher Education Commission as the Competent Authority to look after the Curriculum Revision Work beyond Class XII at Bachelor level and onwards to all Degrees, Certificates and Diplomas awarded by Degree Colleges, Universities and other Institutions of higher education. In pursuance of the above decisions and directives, the Commission is continually performing curriculum revision in collaboration with the Universities. According to the decision of the special meeting of Vice-Chancellors’ Committee, curriculum of a subject must be reviewed after every 3 years. For the purpose, various Committees are constituted at the national level comprising senior teachers nominated by the Universities. Teachers from local degree colleges and experts from user organizations, where required, are also included in these Committees. The National Curriculum Revision Committee on Commerce in its meeting held in May 2004 at the HEC Regional Centre, Lahore finalized the draft curriculum after due consideration of the comments and suggestions received from the Universities and Colleges where the subject under consideration is taught. The Final draft prepared by the National Curriculum Revision Committee duly approved by Competent Authority is being circulated for implementation by the Universities. (PROF. DR. ALTAF ALI G. SHAIKH) Adviser (HRD) July 2004 5 OF V. OF DRAFT BY CRC APPROVAL OF CURRI. BY V.CURRICULUM DEVELOPMENT STAGE-I STAGE-II STAGE-III STAGE-IV CURRI.C.C. IN DRAFT STAGE FINAL STAGE FOLLOW UP STUDY COLLECTION OF REC APPRAISAL OF 1ST DRAFT BY EXP. PRINTING OF CURRI. EXP. OF FINAL CURRI. Preparation ORIENTATION COURSES 6 . REC. UNI. OF CRC. BACK TO STAGE-I PREP. REVIEW Abbreviations Used: CRC. Curriculum Revision Committee Vice-Chancellor’s Committee Experts Colleges Universities Recommendations IMPLE./UNIV PREP.C.C. FINALIZATION OF DRAFT BY CRC INCORPORATION OF REC. OF CURRI. OF COL. COL. VCC. COMMENTS PREP. UNDER CONSIDERATION CURRI. QUESTIONNAIRE CONS. Rukhsana Kalim Institute of Management & Technology 11-Aibak Block. Member 3. Dean of Commerce. Colleges and user organizations to revise the existing curriculum of B. Khan Mr. Ferozepur Road Lahore Dr.I. Deptt. Member 4. University Multan Mr.Com. Ather Azim. Lahore from January 12-14. Faculty of Commerce & Business Administration University of Sindh Jamshoro Mrs.Com. Assistant Professor Department of Commerce and Business Administration Gomal University D. classes was held at HEC Regional Centre. Deptt. Member 5. Member . Sher Kamal.Phil. Zahid Ali Lecturer Department of Commerce Islamia University Bahawalpur 7 Convener 2. University of Karachi Karachi Mr. University of Central Punjab 9-Canal Bank. Syed Dean. & M.Z. of Business Administration Muhammad Ali Jinnah University Karachi Dr.. 2004 and subsequently on May 4-6. Dr. Member 8. New Garden Town Lahore Mr. The following attended the meeting: 1. 2004. Muhammad Nishat Professor & Chairman IBA. Of Commerce B. Member 7. Muhammad Hanif Akhtar Chairman. Dilshad Zafar Associate Professor/Chairperson Department of Commerce University of Karachi Karachi Dr. Anwar Ali Shah G.INTRODUCTION A meeting of the National Curriculum Revision Committee constituted by the Commission comprising senior teachers of Commerce from the universities. Mumtaz Ahmed Khan Chairman. Member 6. M. Member 9. Kashif Hamid Boparai Lecturer Deptt. Member 15. of Business & Management Sciences University of Agriculture Faisalabad Mr. Mr. Member 16. Member 12. Dilshad Hassan Siddiqi AVP Management Development Institute Habib Bank Limited Lahore Shah Muhammad Luhrani Dean. Ghulam Ghous Dean University College of Administrative Sciences Kotli. Member 13. Nazir Ahmad Principal Hailey College of Commerce University of the Punjab Lahore. Ch. Member 11. Faculty of Commerce and Business Administration Shah Abdul Latif University Khairpur Prof. Dr.10. Faiz Rasul Deputy Director Export Promotion Bureau Lahore Mr. Member 17. Of Commerce Allama Iqbal Open University Islamabad Prof. Shahid Nafees Senior Vice-President & Principal Instt. Amir Shah Asstt. Deptt. Of Management Development Habib Bank Limited Lahore Mr. Member/Secretary 8 . Member 14. Member 18. Muhammad Mansoor Ali Head of Research State Bank of Pakistan Karachi Mr. Azad Kashmir Mr. Prof. HBL and EPB for sparing their valuable time to attend this meeting. HEC. the Convener Prof. Muhammad Riaz Cheema. Anwar Ali Shah G. Assistant Professor. Director. Dr. University of the Punjab. Jamshoro as Convener and Prof. Syed expressed his deepest satisfaction in respect of the work completed and thanked all the participants for it. for revision of curricula of all subjects taught at graduate and post-graduate level in the Universities and affiliated Colleges in the country and Azad Jammu & Kashmir. Miss Ghayyur Fatima. Thorough deliberations were made and all the members took active part in reviewing the syllabi. Hailey College of Commerce. Lahore welcomed the participants on behalf of the Chairman. Then the session was opened for general discussion. Higher Education Commission. Ch. Curriculum Division. Regional Centre. The Committee unanimously elected Dr. HEC. She said that the Curriculum of Commerce was revised in 2001 so there was a great need to revise the subject to incorporate the latest trend in the field. He also expressed special thanks to the representatives from SBP. Islamabad briefed the meeting about the responsibility of the Higher Education Commission. Faculty of Commerce & Business Administration. The duplications were eliminated and cascade course outlines were prepared. Anwar Ali Shah G. Syed. She also gave a brief description with introduction of curriculum procedure for revising/ developing the curriculum of a subject. University of Chicago. Graduate School of Business. Curriculum Division. He also expressed thanks to Miss Ghayyur Fatima. He stressed upon the need for periodical review of the courses of reading in commerce to meet the needs of changing environments of business and commerce.The different sessions of the meeting started with recitation from Holy Quran. Mr. Nazir Ahmad. The curriculum revised by the National Curriculum Revision Committee is as Annex-A 9 . Principal. Lahore as Secretary of the Committee. HEC. University of Sindh. Dean. Deputy Director. Islamabad for her coordination efforts in making the meeting successful. The Committee acknowledged and appreciated the valuable comments on the draft proposals of the Curriculum received by HEC from Atif Mian. USA. Each meeting lasted for 3 days. Deputy Director. At the end of the meeting. vi. v. vii. viii. ii.Com. thus enabling them to seek higher education and to make a contribution to their chosen fields of endeavour. (Two Years Pass Course) Part-I and Part-II Examination. ii. B. Part-II i. iv.Com. vii. Total Marks 100 100 100 100 100 100 100 50 750 B. Part-I i. iii. OBJECTIVE OF B.COM. Advanced Accounting Cost Accounting Business Taxation. v. iv. iii. Principles of Accounting Business Statistics and Mathematics Economics Introduction to Business Banking & Finance Functional English Computer Applications Islamic Studies (Ethical Behaviour in lieu of Islamic Studies for Non-Muslim students). SCHEME OF STUDIES Proposed Syllabi and Courses of Reading of B. Business Law Auditing Economics of Pakistan Business Communication Pakistan Studies Total 10 Marks 100 100 100 100 100 100 100 50 750 .CURRICULUM IN COMMERCE FOR B. viii. vi. PROGRAMME To provide the students with a basic knowledge of the various fields of commerce and give them awareness about the prevailing business environment.Com.COM. Income Statement. purchases. 4. Accounting Equation (Balance Sheet Concept). 11 Section 1. PAPER-II 1. 4. Lahore. Application in Business and Commerce. 8. Partnership Accounts — Formation. Accounting cycle. Incomplete records. banking transactions. Admission. Subsidiary Ledgers for sales. 3. The Basis for Business Decisions McGraw-Hill Book Company. Cash Flow Statement (Direct Method) Statement of owners equity. 2. single entry system. inventory. Statistical Enquiries. BOOKS RECOMMENDED (Latest Editions) 1. BUSINESS STATISTICS & MATHEMATICS STATISTICS Definition. Recording the business transactions: Vouchers. cash.01 .Com.DETAILS OF COURSES B. 7. Retirement. depreciation. 3. Principles of Accounting. Death. Niswonger and Fess Accounting Principles South-Western? 5. Ghani M A. 6. 2. Azim Academy Lahore. uncollectible and correction of errors. 9. Basic accounting terminologies. Urdu Bazar. Salman Publishers. Hemkep & Smith. Lahore. Accounting. Imdike. Journal. Measures of Central Values. Classification and Tabulation. Accounting for Non-trading concerns & their Financial Statements. 2. Ledger and Trial Balance. Dissolution. Meigs and Meigs. Ch Muhammad Hanif and Azam Shafiq. The periodical adjustment and closing process of accruals. Skewness. Principles of Accounting. Financial Statements. Capital and Revenue. 10. Etisam Publishers. The Worksheet. 5. Depreciation Methods and Accounting Treatment. Bank Reconciliation. Consignments and joint ventures. Diagrams and Graphs. 4. M Arif & Suhail Afzal. and Balance Sheet. Provision and Reserve. Fundamentals of Accounting. deferrals. Accounting. Principles of Accounting Introduction to Accounting. Measures of Dispersion. Part-I PAPER-I 1. Tests for means and proportions for single and two population. Applications. Business Mathematic for Management and Finance. Z A Bohra. Application in Business. 4. Richard Lacava. Optimization. Elasticity of Demand and its measurement. MATHEMATICS Solution of Simultaneous equation. . Definition. Differential Calculus Differentiation of functions. Index Numbers: Kinds of Index numbers with special emphasis to consumer price Index numbers. 3. L W Stafford. 2.02 1. Syed Hassan Mirza. Business Mathematics. Probability function. 4. Expansion of Determinants.3. Section 1. Laws of Demand. Business Statistics and Mathematics. Statistics & Business Mathematics. Independent and Dependent events. Subtraction and Multiplication of Matrices. Changes in supply. Business Statistics. Discrete and Continuous Random variables. matrices and determinants: Addition. PAPER-III 1. Lavin. Fair Publication. 2. 5. Simple Correlation and Regression. 5. 3. Scope and Importance (Micro and Macro Economics) Description. 6. Prentice Hall Inc. Basic Probability: theory. Random Variables: Introduction. Demand: Definition. Lines of Regression. Application of derivatives in Business/Commerce. Laws of Probability. and G H Gill. 5. Marginal Utility: Law of Diminishing Marginal Utility Consumer's Surplus Indifference curve approach. Arithmetic & Geometric and their application in Business. 4. Partial differentiation. Nature. Tests of significance: Introduction. Business Statistics. Inverse of a matrix. Lahore. 6. sequence Series and Progression. 7. Expected values of Random variables. Nasir Ali Syed. 4. BOOKS RECOMMENDED (Latest Editions) 1. Supply: Supply. ECONOMICS Introduction: Definition. Conditional Probability. 12 2. Use of matrices in the solution of system of linear equations. Consumer Behaviour: Definition and meaning. 3. Changes in Demand. Method of least square and curve fitting with application to Business. Solution of quadratic equation. Demand and Supply Relationship. Analysis and Policy: Economic Methodology. Functions and Qualities of a Businessman. Price and output determination under perfect and Imperfect competition. Average and Marginal. Classification of Partners. The Theory of Macro Economics Policy. Lahore. Muhammad Irshad. Lioyd G Reynolds Irwin. Irwin Homwood Illinois. Income and Expenditure of Public Bodies. 15. Micro Economics — Analysis & Policy. Duties and Liabilities of Partners. Circular flow of national Income. 8. Nancy Smith Barrett. Merits and Demerits. Ilmi Kutab Khana. 13. Money: Evolution. Forms. 6. Difference between Private and Public Finance. Economics. 14. 3. Economics. Types of Businesses. Devaluation of Money. Theory of Trade Cycles. Nature. Interest and Profit. Naveed Publications Lahore. Causes of Disequilibrium and Measures. Scope and Importance. Macro Economic Analysis. Factor Pricing: Rent. Economics. 13 . BOOKS RECOMMENDED (Latest Editions) 1. Laws of Returns and their application to Agriculture Sector. Co-ownership Vs. Functions. Capital & Entrepreneur. INTRODUCTION TO BUSINESS Business: Meaning. Balance of Payments. Prentice Hall. Textbook of Economics. Oligopoly. & Remedies. Measurement of Value of Money. Monopoly. Variable. Measurement of national Product in current price and in constant prices. Paul A Sameulson. Balance of Payments: Balance of Trade. Harcourt Brace. Value of Money: Quantity Theory of Money. 6. 11. 17. Edward Shapiro. Equilibrium Analysis. Importance and Role of Money. National Income: Concepts of National Income-GNP. 12. Partnership: Features. Causes. Market: Perfect and Imperfect Competition. Problems. Public Finance: Meaning. Measurement of National Income: National Income at market price. 7. (Basic Concepts). 2. at factor Cost. Saeed Nasir M A. Sh Manzoor Ali. Costs: Costs over time period Fixed. 10. Trade Cycle: Phases. Salman Rizavi. Causes & Remedies. 4. Sole Proprietorship: Features. Urdu Bazar. Land Labour. 8. Zakat and Ushr. Total. Inflation: Kinds. Ilmi Kutab Khana. 7. PAPER-IV 1. Wages. Importance. Market price and Normal price. 9. Duopoly and Price Control. 2. Rights. Economics in Islam: Economic role of State in Islam. Production: Concept of Factor of Production. 3. Partnership. Merits and Demerits.5. Cash Balance Theory of Money. Kinds of Taxes and Cannons of Taxes. 16. Lahore. 5. Dissolution of Partnership. Economics. Objects. Objects and Methods. Cooperative Society: Features. Discounting of Bills. 2. Foreign Currency Accounts. Insurance: Meaning. Functions. 6. Types. Theodore J Sielaff and John W Aberle. 8. Orient Publishers. Syed Mobin Mahmood & company. Demand Finance. 3. Fire. Retail. BANKING & FINANCE Introduction: Evolution. Scope Advantage and Disadvantage. Formation. 12. Basic Functions and Management. Warehousing: Definition. Cash Finance. PLS. Import and Export.03 BANKING . 10. Capital. Introduction to Business. Advertising: Meaning. Business Organization. Articles of Association. Marketing Versus Selling. Asakari Zaidi S A. Management. Marine) Importance. Kinds. Naveed Publications Lahore. Winding up. Kinds. Methods of Handling Risk. Business Risk: Definition. 3. Kinds of Banks & their features. Bank Accounts: Current. Forms of Combination. Causes and Purposes. Belmont. Advantages and Disadvantages. Glass & Baker. Introduction to Business. Introduction to Business. Commercial Bank: Importance and their Role in Economy Functions. 4. Advantages. Muhammad Irshad. Aziz Publishers. Lahore. Term Deposit. 7. Modes of Lending. Purchase of Bills. Fundamentals of Business. 11. Securities. 8. Banker Customers Relationship. Note: Latest Editions of the recommended books may be included. Trade: Wholesales. Memorandum of Association. 6. Lahore. Nisar-ud-Din. 4. Inc. California Wardsworth Publishing Company. Joint Stock Company: Features. 5. Prospectus. 14. Kinds (Life. Koontz & Weirick. Ali M H. Karachi. Principles of Advances. Types of Combination. Merits and Demerits. Introduction to Business. 15. Bank Advances: Running Finance. Merits and Demerits Advertising Media. 14 Section 1. Non-Banking Financial Institutions. Principles. Management. Management: Definition. 9. Merits and Demerits. Meetings. Sales Promotion: Meaning.4. 7. Introduction to Business. Marketing Operation: Definition. Functions. Channels of Distribution: Meaning. Trade Financing. 13. Urdu Bazar. Types. 2. Functions. PAPER–V 1. Export Promotion Bureau and its role. Khalid Mehmood Cheema. Selection of Channels. Term Finance. Combination: Meaning. 5. Kinds. BOOKS RECOMMENDED (Latest Editions) 1. their advantages and disadvantages. . Time value of Money. FUNCTIONAL ENGLISH Vocabulary: Antonyms. Functions. International Monitory System: IMF.g. 4. Role. Nouns – with further classifications (regular. predicate. BOOKS RECOMMENDED (Latest Editions) 1. Phrases – types and functions.g. Minor word classes: Preposition. Operation. Banking. Auxiliary verbs. Kinds and Sources. Muhammad Irshad. Islamic Modes of Finance. Adverbs – with further classifications. 8. 6. Banking and Finance in Pakistan. Thomas Nelson & Sons Ltd. PAPER VI: 1. 7. complements. London. 6. One word Substitution. Privatization. countable. Islamic Banking: Principles. 15 3. Infinitive. Practical Grammar – Sentence Structure: types of sentences – based on function e. Karachi. ADBP.5. Kitab Markaz. Transformation. 10. Israr Siddiqui. Conversion into negative and interrogative. Nationalization. Lahore. Parts of a Sentence – subject. Determiners. Clauses – types and functions. S A Menai. Finance: Definition. Royal Book Co. 2. Letter of Credits: Kinds. Homonyms. Karachi. Central Bank: Functions. Functions and Role. State Bank of Pakistan. SME. Rules for structuring sentences. Monitory Policies. Interjections. 5. Crowther. Faisalabad. Pronouns – with further classifications. Money & Banking. DFIs PICIC. Adjectives – with further classification – three degrees of comparison. 5. Articles: Definite. direct indirect Objective. Mobeen Publishers. Inversion sentences. IBRD. 7. Components. Advantages. Participle. Tenses – Types. 8. singular. Simple. An outline of Money. Structure. Indefinite. Oxford University Press. 9. Verbs – emphasis on three forms of verbs. Active and Passive voice. Direct and Indirect speech. 3. M Saeed Nasir. Conjunctions – with further classifications. Composition and comprehension Précis Writing. Naveed Publication. Interrogative sentences. Hassan Mobeen. Compound complex. uncountable. Synonyms. plural). Lahore. Islamic Development Bank. 4. Gerund. Asian Development Bank. 6. Essay Writing. Practice and Law of Banking in Pakistan. Banking in Pakistan: Brief History. Parts of Speech: Major word classes. IDBP. 2. Money & Banking. Genitives – types and functions. Lease Finance. based on structure e. Function. Norton P. Functional English. New Delhi-2. Atta-ur-Rehman. Prentice Hall Inc Englewood Cliffs. Kalyani Publisher. Difference between ISP and free server mail account. 7. 1987. 4. Microsoft Office. Use of search engine. Sending and receiving Emails. et al. 2. Components of a computer: Microprocessor. WAN. Business Communication (Appendix no. A J Thomson & A V Martinet. Types of Software: Operation Software: DOS & Windows Operating System. Lahore. 16 . “Michael Swan”. MAN. 8. Excel (Spread Sheet) and Power point. 3. Access. Practical English Usage. Types of computer: Analogue and Digital Computers. Creation of an E-mail account of Free Web Servers. Memory: RAM. How data become information. Utility programmes. Services provided by Internet. Classification of computer. 5. Saving information from the Internet. Input/Output devices & Storage devices. Using a web browser. 9. Data Processing. New Delhi. procedural and non-procedural languages. Syed Mobin Mahmud & Co. Address bar. regional settings) etc. COMPUTERS APPLICATIONS IN BUSINESS Introduction to Computer: History of computer. Compiler. 5. Object-oriented and Data base query languages. 2. Srivastava C.BOOKS RECOMMENDED (Latest Editions) 1. 3. Refresh and Stop. Bovee. Oxford University Press. BOOKS RECOMMENDED (Latest Editions) 1. A Practical English Grammar. Programming languages: High-level. D P Publication Limited. Fundamentals of Information Technologies. Control panel (mouse. The need of data processing in business organizations. Life cycle of data processing. English for Business: A Functional Approach. Techmedia. Functional English. “Wren & Martin”. High School English Grammar & Composition: S Chand & Company Limited. New Jersey. Sylvia Chalker. Network: Types of Network: LAN. Dr Liaqat Ali Chaudhry and Syed Asghar Ali Bukhari. Microsoft Windows: Introduction. ROM. A student’s English grammar work book. “J Chilver”. “Robert E Barry”. Internet and E-mail: Concept of Internet. A R Chohan. E-mail concept. 2. Display properties. MS Office (Word. Common terminologies used in computer field. Low-level. keyboard. Outlook). 6. 4. Basic Business English 2nd Ed. 3. Hardware and Software. Communication Channels: Analogue and Digital Transmission. 1) PAPER-VII 1. Interpreter and assembler. Task bar. Data processing: Difference between Data & Information. Application Software. Computer Application in Business. 6. Examination. d. Moral Theories: a. Nuqoosh.A/B. Intuitionism (Butler) c. Freedom and Responsibility. Historical Development of Morality: a. Computer Information System. Management Information System. Customary Morality c. (International Edition). Moral Ethics and Society: a. Robert A Szmaski. c. Hedonism (Mill) b. Introduction to Computer & Information System. 6. Raymond McLeod Jr. Judaism b. b. b. Meaning and Scope of Ethics. 7.Sc.4. Professional Ethics: a. 1. Richard D Irwin. c. 5. Tolerance Justice Punishment (Theories of Punishment) Moral Teachings of Major Religions: a. Ethical Behaviour (in lieu of Islamic Studies for Non-Muslim Students). Reflective Morality 3. Kant’s Moral Theory 4. Islam and Minorities 17 . Lahore. Islam 6. Instinctive Moral Life b. PAPER-VIII ISLAMIC STUDIES OR Islamic Studies as for B. d. Medical Ethics Ethics of Students Ethics of Teachers Business 7. 5. Short & Simple Guide: Find what you need fast. Relation of Ethics with: a) Religion b) Science c) law 2. Nuqoosh Software Learner. Christianity c. 1951. 4. Ethics in Theory and Practice. Aftab Ahmad Khan. Issue of Bonus and right shares. Cost Classification and Costing systems. Departmental Accounts. Karachi. 5. 4. 2. over subscription. Orient Publishers. Advanced Accounting. 1984. leverage & profitability. Hill Thomas. BOOKS RECOMMENDED (Latest Editions) 1. Donaldson D M. Distinction between Cost & Financial Accounting. Ratio Analysis Liquidity. Consolidation. Instalment Sales. Including treatment of addition of material in a subsequent Department and Opening WIP inventories. Titus H H. B. London 1953. 2.BOOKS RECOMMENDED (Latest Editions) 1. 5. 1957. Ghani M A. acquisitions and changes in financial structures. Refund. 1950. Sayeed SMA (Tr. 4. McGraw-Hill. Cash Flow Statement. 6. Issue of Shares. 7. Cost Accounting Cycle & Costing Techniques & Methods. 8. Appropriations. 2. need and importance of Cost Accounting. 5. An Introduction to Ethics. Material Costing and Control. Process Costing. Sulman Publication. Business Combination. Bonds. NY. 7. Advanced Accounting. Advanced Accounting. Lahore. Liquidation of Joint Stock Companies. Elements of Cost. NY. Advanced Accounting. Preparation of final accounts under Companies Ordinance 1984. 2. Job Order Costing and its Cycle. Factory and General Office books. Dividends and other payment thereof.COM. Mergers. Karachi. PAPER-II COST ACCOUNTING 1. Voucher system and Control Accounts. ADVANCED ACCOUNTING Company Accounts. Ethics in Theory and Practice. 1950. Branch accounts. Hire Purchase. 3. Meaning. 3. Ta’aruf-e-Akhlaqiat. Studies in Muslim Ethics. 4. Thomas Y Crowel. Karachi University. Culcutta. Thomas Y Crowel. 6.). Meigs and Johnson. Labour costs Accounting and Incentive Wage Plans. Variance Analysis. BCC&T. (Part-II) PAPER-I 1. London Methuen & Co. 3. Accounting for Leasing. Ameer Ali S. Uzair Hassan. EPS. 6. 3. The Ethics of Islam. Underwriting. Turnover coverage. Noor Library Publisher. 18 . Contract Accounts. 9. William Lillie. Valuation of Goodwill and Shares. Urdu Bazar. Taxation House. 5. Cost Accounting. Income Tax Law with Practical Problems. Factory Overhead Costing. PAPER-IV BUSINESS LAW Introduction of Law Sources of Business Law Law of Contract. South-Western Publishing Co. Income Tax Law. Types of Contract of sales. Sales Tax Act. & Excise Act. Nisaruddin. 19 . Cost Accounting. Formation of contract. Naqvi R I. Hemkep. 9. Matz A Usry. Appeal Procedure Income Tax Problems of Individuals. Latest Edition. Tax Authorities. Taxation House. Baig Luqman. 10. Lahore. Lahore. 2. Guarantee. Sale of Goods Act Definition. Income Tax: Problems & Solutions. 5. Accountancy and Taxation Services Institute PO Box 1164. Application and Departmentalization including two variance analysis. 7. Lahore. 3. Income Tax Law. BOOKS RECOMMENDED (Latest Editions) 1. 4. Naqvi R I Sales Tax Law. 6. Cost Accounting. Introduction to Activity Based Costing. Khawaja Amjad Saeed. Performance of Contract. 2. Essentials of a Valid Contract. Definitions. Assessment procedure of individuals. Discharge of Contract. T Lucey. Bailment and Agency. Ghazanfar Academy. Govt of Pakistan. Accumulation. Cost Accounting. Lahore. Partnership and Joint Stock Companies. Karachi. Lahore (Latest Edition).8. Aziz Publishers. Sales Tax. Govt of Pakistan. Wealth Tax Act. Income Tax Law. BOOKS RECOMMENDED (Latest Editions) 1. 6. Mughal Muhammad Muazzam. Rights of Unpaid seller. Performance of the contract. Income Tax: Principles and Practice. Ohio. Taxation structure and Administration in Pakistan. PAPER–III BUSINESS TAXATION History of Income Taxation in Pakistan. Syed Mobin Mahmud & Co. Breach of Contract: Law Governing Indemnity. Baig Luqman. Costing. Syed Mobin Mahmud & Co. Arif & Sohail. Conditions and Warranties effects of the contract of sales. Basic Features of Sales Tax. Cost Accounting. Mughal Muhamad Muazzam. Plomani & Fabbozi. General Review of Customs Act. Income Tax Ordinance 2000. partnership and joint stock company. 3. Govt of Pakistan. Pakistan. 4. 8. Karachi. Pakistan Publishing House. Payment of Wages. Crossing & its Types Endorsement. Dissolution of partnership. Business Law. Mercantile Law of Pakistan Accountancy & Taxation Services Institute. 3. Syed Mobin Mahmud & Co. A Manual of Mercantile Law. Audit Working Paper. Carriage of Goods Common Carrier. 4. Internal Audit.Partnership Act Definition of Partnership. Lahore. Internal Control: Internal Check. Lahore. Essential Elements of Partnership. Characteristics and Types of Negotiable Instruments. Industrial Law Laws relating to Factories. 2. Registration of Firms. 6. Audit Programme. Rights and duties of partners. I R Hashmi. Relevant Acts and Ordinances. A Manual of Mercantile Law. Social Security. Khawaja Amjad Saeed. Discharge from Liability. 5. 20 . Verifications: Verification of Assets and Liabilities. Final and Interim audit. M C Shukla. External Audit: Continuous. Rights. Negotiation. Audit Note Book. Auditor: Appointment. Khalid Mahmud Cheema. Mercantile Law in Pakistan. Liabilities of parties. Chaudhry A G. Latest Edition. Workmen Compensation and Industrial Relations Ordinance. rights. Classes of Partners. Restricted Liability of Railway Carriage as common carriage and by Sea. BOOKS RECOMMENDED (Latest Editions) 1. and Duties of a common Carrier. Govt of Pakistan. Essentials of a Common Carrier. Negotiable Instruments Act Definitions. Vouching: Audit techniques and applications. duties and liabilities. Working of Internal Control in various departments. PAPER-V AUDITING Introduction: Definition Scope and Objectives. Agricultural Finance: Problems and Remedies. Transport and Communication Sector. Attwood and Stein. Trade and Globalization. Meigs & Larson. Detection of Frauds. Food problems. Khawaja Amjad Saeed. Principles of Auditing. Prospectus. 8. N D de Paula's Auditing Principles and Practice. Unqualified and Qualified report. 3. and Cottage Industries. collective and cooperative Farming. Zafar M Zaidi. Naveed Publication. Agricultural Sector. 5. Bank. Lahore. Development of means of Transport and Communication and their role in economic development. Industrial Sector. unemployment and Debt Issues. Marketing of Industrial Products. Composition of Pakistan Economy.Audit Report: Statutory. Small Scale. Economic Planning and Budgeting. water. Annual. Pitman Publishing Ltd. D Irwin. 3. power. Main products. Specialized Audit: Audit of Textile Mills. 4. PO Box 1164. 7. Audit of Computerized Accounting Record: Computer Assisted audit techniques. 4. Investigation: Meaning. Lahore. Large Scale. 10. Auditing Accountancy & Taxation Services Institute. 21 5. ECONOMICS OF PAKISTAN Economic Resources of Pakistan. PAPER-VI 1. forest and Human resources. BOOKS RECOMMENDED (Latest Editions) 1. 6. Newspaper and Hotel. SMEDA. Influence of resources on economic and social development. Mineral. Resource Development in Pakistan. 2. trends in foreign trade and Balance of payments. Present position and prospect. Poverty Alleviation. Auditing. University of Congress Richard. 9. Sugar Mill. Marketing of Agricultural products and problems related thereto. Industrial finance and financial Institutions. Auditing by Muhammad Irshad.London. 2. Main Exports and Imports. regionalism and WTO. Price of Agricultural products and Government policies. . Fiscal and Monetary Policy. Divisible Profit: Divisible Profit and Auditor duties in this respect. difference with audit. Private and Public Investment. Localization of Industries. 4. Waqar Ahmad & Rashid Amjad. Bad news messages: The right attitude. Organization and Outlines of the Informative Speech. Concepts and Problems. 8. Successful Informative Speaking: Purpose. Market Reports: Definition. Beginning and endings. Invitations. Direct Requests: Organizational plan. Process of Preparing effective business messages: Steps in planning effective business messages. composition of the message. Collection Messages: Right attitude for effective collections. Job Applications. Conciseness Consideration. Scope. enquires. Principles of Business communication: Completeness. 15. Importance. Official letters: Parts and composition. 22 . Importance. Listening – Description. 12. Anjum Nasim. M Saeed Nasir. Reservations. Main parts of the report. Government of Pakistan. Plan for bad news messages. The Management of Pakistan Economy. 5. PAPER-VII 1. Issues in Pakistan Economy. 7. Unfavourable replies to request. request letters regarding routine business. Government of Pakistan. 13. 2. 6. 11. 7. 2. Collection stages. memos. The Process of communication and Miscommunication: Elements of communication. 9. Resume. BUSINESS COMMUNICATION Importance of Business Communication: Introduction. Claims and requests for adjustments. Ilmi Book House. Contents. 3. 3. 14. 6. Electronic mail. 10. Sales Letters: Solicited sales letter. Clarity. Business Reports: Meaning and classification. General Communication. Unsolicited sales letter. Correctness. Letters. Courtesy. Economy of Pakistan. 5.BOOKS RECOMMENDED (Latest Editions) 1. 4. Successful oral Presentation and Successful Listening: Presentation – Description and Methodology. Economic Problems of Pakistan. Orders. Kh Amjad Saeed. Kinds. Market Terms. Good news and Neutral Messages: Favourable replies to the request. Nonverbal Communication. Akbar Zaidi. Financing the Development Priorities of Pakistan in 1990’s. Concreteness. Basic organizational plans. organizational and outline of report. The Five-Year Plan (latest). Pakistan Economic Survey. Lahore. Bovee. 1996. 3rd Ed. International Edition. Business Communication Today. McGraw-Hill. Herta Murphy.A/B. Examination according to HEC/Government policy. 2. PAPER–VIII PAKISTAN STUDIES As applicable in B. 3. McGraw-Hill Inc. Report writing for Business. 5. Sh Atta-ur-Rehman. 23 . John V thill. Courtland L Bouee. Effective Business Communication and report writing. Lesiker Pettil.BOOKS RECOMMENDED (Latest Editions) 1. Effective Business communication. 4. Excellence in Business communication.Sc. 2. 4. Degree.COM. Operations and Production Management Strategic Management Corporate Law Elective-III Elective-IV 6-8 Weeks Internship report/Research Project and Viva Voce shall also be requirement for award of M. 2. 2. 5. 3. 4. 4 SEMESTERS OR 2-YEAR PROGRAMME OBJECTIVE OF M. International Business E-Commerce Elective-I Elective-II Fourth Semester 1. entrepreneurs and academicians by providing the students with a deep analytical knowledge of the core subjects of commerce as well as sound knowledge of their areas of specialization.CURRICULUM IN COMMERCE FOR M. Human Resources Management. Research Methods in Business. 5. 5. SCHEME OF STUDIES First Semester 1.Com. 24 . 4. 2. 4. PROGRAMME To produce capable and confident managers.COM. 3. Financial Management Management Information System (MIS) Third Semester 1. 3. Principles of Management Principles of Marketing Quantitative Techniques in Business Managerial Economics Financial Accounting Second Semester 1. 5. 3. Advanced Cost and Management Accounting Organizational Behaviour. b. Finance a. d. 2. b.FIELDS OF CONCENTRATION 1. f. d. b. g. d. e. f. e. c. c. Banking a. c. e. e. Accounting a. Marketing a. International Marketing Marketing Management Retail Management Marketing Communication Marketing Research Hotel and Restaurant Management 4. Advanced Accounting Theory and Practice Public Sector Accounting Advanced Auditing Cost Accounting Applications Special topic in Accounting can be adopted by the concerned Board of Studies. h. b. Portfolio Management Islamic Finance Corporate Finance Project Management Specialized Financial Institutions International Finance Treasury & Fund Management Security Analysis 3. d. c. Banking Laws & Practice International Banking Treasury & Fund Management Regulations for Financial Institutions Marketing of Financial Services 25 . Motivation. Planning and Decision Making. Consumer goods and industrial goods. 2. Boone L E & Kurtz D L. 6. Marketing. Marketing Mistakes. McCarthy. Group Dynamic. 3. PRINCIPLES OF MANAGEMENT Nature of Management. Ghouri Rashid Ahmad & Faisal Rashid. International & Comparative Management. 2. the Environment for Management. Prentice Hall. 4. Marketing Functions. Fulmer. Role of marketing in society. JA & Robinson RB. Promotion mix. The Control Function. BOOKS RECOMMENDED (Latest Editions) 1. Harper & Row. 4. Cases and Problems for Decision in Management. International Marketing. 3. Cases and Problem for Decision in Management. McGraw-Hill. McGraw-Hill. McGraw-Hill. Management Information System. Operations Management and Productivity. Philip P Kotler. Principles of Management. Brands and Trade Marks. Organizational and Entrepreneurial Career Option. Management. Staffing the Organization. Interpersonal and Organizational Communication. Marketing of Agricultural Products. Management. Pearce. Koontz & Weirick. Organizational Design and Job Design. 5. Gellerman S W. Managing Organizational Development and change. Richard D Irwin. 6. The new management. Wholesaling. Product. Marketing Process. Pricing Policies. 5. Fundamentals of Marketing. Robin D P. consumerism. McGraw-Hill. Storage and Transportation. 26 . Stanton W J. Quantitative Techniques in Planning and Decision Making. Buyer Behaviour: Organizing for Marketing. Social Responsibility and Management Ethics. Principles of Marketing. Management. George R Terry. PRINCIPLES OF MARKETING Marketing concept. Retailing. Evans & Berman. Basic Marketing. Grading and Packaging. Marketing Costs-Strategies. McGraw-Hill. 2. the Development of Management thought.DETAILS OF COURSES FIRST SEMESTER (i) COMPULSORY COURSES 1. Marketing. Channels of Distribution. Controlling. Marketing. Leading and Motivating-Leadership. BOOKS RECOMMENDED (Latest Editions) 1. e. f. William A Squrr and Charless P Bonini. 7. Basic concepts of probability theory Statistical prediction (Linear correlation and regression Index Nos. k. Time series Analysis Moments skewness and control kurtosis Sampling Theory g. QUANTITATIVE TECHNIQUES IN BUSINESS 1) DESCRIPTIVE STATISTICS RECAPITULATION a. 2. India. Introduction to Business and Economics Statistics by (South-Western Publishing Co). i. G H Gill. Business Statistics and Statistical Method. Sampling Design Sampling Surveys Estimation Test of Significance Test and distributions Statistical Quality Control (ii) Mathematics a. Games and Klure. London. London. Ohio. Basic Algebra Solution of Linear Equations Elementary Permutations and Programming. Loyce C Gossage. South Western Publishing Co. Maxima and Minima Matrices for Beginners Simple Linear combination BOOKS RECOMMENDED (Latest Editions) 1. Sahiwal. b. h. LWT Stafford. A college course. Pitman Publishing Ltd. Qazi Zameer ud Din. b. USA. c. Business Mathematics. Fundamentals of Differential and Integral calculus e. Interpolation Projection Methods Maximum. d. j. Averages Variances Normal Distribution d. l. 5. Business Mathematics. Elementary Statistics Data Analysis. e. f. 27 . V K Khauina and S S Bhambri. Practice in Fundamental of Statistics for Commerce students Hussain Publications. Minimum Inferential Statistics a. d. c. b. 4. 3. g. 8. c. 6. Cincinnati. McGraw-Hill Book Company. Business Mathematics. Statistical Analysis for Business Decisions. Vikas Publishing House Pvt Ltd. Wheldon. McDonald and Evans Ltd.3. Stockton-Clark. Richard D Irwin Inc. f. FINANCIAL ACCOUNTING Financial Accounting framework Job & responsibility of a Financial Accountant Presentation of financial statements . Employee benefits & retirement plans. New York. Pricing Decision for established and new products. Game Theory. Consumer's Behaviour-Demand. Annual report. Managerial Economics Macmillan Publishing Company. Dominick Salvatore. Managerial Economics. Demand Estimation. John’s Advanced Accounting. Practice and Problems: Prentice Hall Inc. 5. McGraw-Hill. Wallis.Balance Sheet . Competitive bids. Petersen H Craig & Lewis W Cris. Douglas. Managerial Economics Theory. Formation. Market Structure. International Accounting Standards [Relevant]. Cost Estimation and forecasting. Evan J. DARR. amortization. direct write off. Basic Pricing Theory. Cost Concepts for Decision-Making. 6. BOOKS RECOMMENDED (Latest Editions) 1. 28 . 5. 2. Meigs & Meigs. Provisions & Contingencies Intangibles Computerized Accounting – A comprehensive software. Borrowing costs. Elasticity of Demand & its application Concepts for Decision-Making. Managerial Economics. Accounting.Owners equity Role of financial accountant in auditing Internal control systems Accounting of income taxes Lease accounting – complete overview and calculation. owned and leased assets. Financial Accounting. Managerial Economics. 5. 3.P & L/Income Statement . Accounting a Modern Approach.Cash flow . Fixed Assets schedules and related discussion Depreciation. New York. 4. Flamholtz. The Basis for Business Decisions. 3. Forecasting simplex method Production and Cost Theory. Risk analysis. 2. Sue.4. Micheal Baye. MANAGERIAL ECONOMICS Introduction: Basis of Economics. BOOKS RECOMMENDED (Latest Editions) 1. 4. Managerial Economics in a Global Economy. Prentice Hall. 2. Observation. Kress G. Research Design — Classification of Design. Duneau G. Setting standards and variance analysis. Cost and Management Accounting. Cost Accounting. 5. Moser C A & Kalton G. South-Western Publishing Company. 8. Macmillan Publishing Co. Statistical Analysis of estimated cost including variance analysis. Scaling Techniques — Social Distance. Break Even Analysis. Prof Dr Matin. RESEARCH METHODS IN BUSINESS Research and Management. Statistical Analysis (SPSS. London. Marketing Research. Outline. New York. 6. Cost Accounting. McGraw-Hill. Baily D K. Blocker & Weltner. The Free Press. Secondary Data Sources. Budgeting and Budgetary Control — Budgeting for Manufacturing Concerns. Measurements. The Survey Methods in Social Investigation Heineman. Nemmers E E & Myers J H. Accumulating. McGraw-Hill. Standard Costing. 5. Management Accounting. A Managerial Emphasis. Empirical Identification Collection — Primary Data Sources. BOOKS RECOMMENDED (Latest Editions) 1. SAS) and Report Preparation. Business Research. 3. Polmai & Fabbozi. Direct Costing and the Contribution Margin. Business Research Methods. 3. 7. Karachi. Differential Costing.SECOND SEMESTER 1. Sekaran. Research Proposal. Costing of joint and By-Products. Hemkep. Activity Based Costing. 6. J D. ADVANCED COST AND MANAGEMENT ACCOUNTING Review of Job Order and Process costing. 4. profit Variance Analysis. Cost Accounting. Dowd J. Emory. 29 . Uma. Sampling — The Mail Questionnaire. Cost Accounting Problems and Exercises. T Lucey. 2. Horngren. The Research Process. M F Cost Accounting. 4. 2. Non-Manufacturing Concerns and Non-Profit Organizations. Cost Volume Profit Relationship. Zikmund S Business Research Methods. Development of Research Plan. Methods of Social Research. Analysis of Data. Research Method in Business. Bruce. Cost Accounting. National Publishing Corporation. BOOKS RECOMMENDED (Latest Editions) 1. 8. Matz A Usry. Constructing a Questionnaire. Nisaruddin. Reporting and Evaluating Costs and Variances. Business Research Methods. Lahore. 7. 3. 2. McGraw-Hill. Lawler S E. Understanding Organizational Behaviour. content. Contemporary challenges. James C Van Horne. 2. 7. McGraw-Hill. Operation Management. Basic Financial Management.Introduction to Financial Management. Theodore T Herbert.3. 5. Power and politics Leadership A macro perspective of organizational behaviour Decision making Organization theory and design The nature of organizational culture BOOKS RECOMMENDED (Latest Editions) 1. Financial Planning and Policy Sources of Finance: Internal and External: Short-term. Organizational Behaviour. Fundamentals of Financial Management. Macmillan International. 8. 4. Principles of Managerial Finance. ORGANIZATIONAL BEHAVIOUR The Foundation for organizational behaviour Today’s organizations: information technology. 4. reward system. Behaviour in Organization McGraw-Hill. Davis. Organizational Behaviour. Rao. Organizational Behaviour. leverages. Lawren J. Risk & Return. Stephen P Robins. 3. Cost of Capital. and behavioural management. total quality and organizational learning. Roger G. Keown A J & Martin J D. and processes Motivating performance through job design and goal setting Learning: processes. Managerial Finance. Weston & Copeland. Dimensions of Organizational Behaviour. Harper International. acquisitions. Addison Wesely Publishing Company. Leasing. Dividend Policy. Capital Structure. C Argyris. Medium-term and Long-term. Micro and macro dynamics of organizational behaviour Interactive conflict and negotiation skills Stress: causes. 5. Hackman J R. FINANCIAL MANAGEMENT Nature. effects and coping strategies. Prentice Hall. Scope and Importance of Financial Management. Financial Analysis and Control. Edgar E Huse and James L Bowditch. Gitman. Evaluation of long-term securities. Prentice Hall. 30 . Behaviour in Organization. Capital Budgeting. Diversity and ethics A micro perspective of organizational behaviour Personality and attitudes Motivation needs. Prentice Hall. Working Capital Management. Abraham K Korman. Schroeder. 6. 6. Time value of money BOOKS RECOMMENDED (Latest Editions) 1. Porter L W. Human Behaviour at Work. Fred Luthans. 4. Merger. Database Management. Human Resource Management. 4. and merit rating. Programming and Implementation of Business Oriented Problems. Principles of Personnel Management McGraw-Hill. 6. McGraw-Hill. Personnel Management. 5. 3. Designing. Parker. Developing E-Business Strategies and Solutions. Inc. James A. Employee Placement. MANAGEMENT INFORMATION SYSTEM (MIS) Foundation of Information System in Business Computer Software. BOOKS RECOMMENDED (Latest Editions) 1. Haag Cummings and McCubbrey. Prentice Hall. 31 . Management Information System. Peter M. Flippo E D. Performance & Appraisal. Telecommunication and Network Organizations. Management Information Systems for the Information Age. transfer and retirement. Michael J Jusis. Job description & specifications. 8. HUMAN RESOURCES MANAGEMENT Basic concepts. 2. manpower requirements. Maintenance and integration of existing employees. Advanced Word Processing and Spread Sheets. Kenneth C Laudon & Jane P Laudon. Electronic Commerce System Data Processing and Data Resource Management. Paul Pigors and Charoes A Mayers. 5. O Brien. McGraw-Hill Irwin. Training. Using Application Software.Personnel Management McDonald and Evans Ltd. Human Resource Management. Hardwires.5. Employee Development including promotion. incentives and compensation. Remuneration-wage systems. Human Resource Management. Management. Charles. Selection. 4. Michal Bottamly. Personnel Administration. Counselling. McGraw-Hill Irwin. McGraw-Hill. Interviewing. Human Resources Management McGraw-Hill. Functions of personnel management: Organizational structure of personnel management. tests. Management Information System. and the Networked Enterprises Competing with Information Technology Information Technology Infrastructure Inter Networked Business Enterprises Electronic Business System. Holden. McGraw-Hill. Decenzo. 9. Grievances and their remedies Discipline and discharge. Richard D Irwin. THIRD SEMESTER 1. 7. Deseler. Human Resource Planning Selection Procedure. Bernardin H J. Human Resource Management. BOOKS RECOMMENDED (Latest Editions) 1. 3. 2. Keith Davis. 1990. Labour unions and collective bargaining with particular reference to Pakistan. Management Information System. Title And Footers. 1. The Caption Tag. 2. Structure of Web Page. Paired Tags. 3. Spacing (Indenting Text) Graphics in Web Documents. B2C marketing. Draw Rows. Header. Text Formatting Paragraphs Breaks. Motivations and Risk Dimensions The Determination of Exchange Rates Foreign Exchange Markets The Impact of the Multinational Enterprise The Strategy of International Business The Organization of International Business Entry Strategy and Strategic Alliances Exporting. Using the Width and Height Attribute. Commonly Used HTML Commands. Addison Wesley. Environments and Operations. Introduction to Tables. . understanding the forth channel. Line Breaks. Web Formatting. Text Styles. Business process re-engineering. Italic. Using the Align Attribute. Using the ALT Attribute.2. INTERNATIONAL BUSINESS International Business and Globalization The Cultural Environments Facing Business The Political and Legal Environments Facing Business The Economic Environments International Trade Theory & Government Influence on Trade Foreign Direct Investment. 4. Importing and Counter Trade Global Human Resource Management Financial Management in International Business BOOKS RECOMMENDED (Latest Editions) 1. 5. Direct marketing. virtual societies. Col Span and Row Span Attributes. Cell Padding. Attracting visitors on your site. McGraw-Hill. Payment via the Net. Using the Width and Border Attribute. Marketing strategies on the Web. Document body. Other Text Effects. paradigms in the new economy. Charles Hill International Business. Underline. 32 Theoretical Portion Practical Portion: 2. Daniels J D and Radebaugh L H. Using the Border Attribute. Choosing the right ISP. One to one B2B. Definition of E-Commerce. Document Head. The structure of an HTML programme. Scope of ECommerce. Legal issues and ethics Global contracts. Competition Analysis on the internet. E-COMMERCE Introduction to E-Commerce. HTML Tags. 1. 2. International Business. Bold. Cell Spacing. 3. Links. file name translation.3. Netscape. file transfer in either direction. Saving intermediate results. carbon copies. automated mailing lists. control and data connections. E-Business. connections. mail gateways. Introduction. 5. Electronic Mail message format. Electronic Mailboxes and Address. caching in web browsers. File Transfer. document representation HTML format and representation. hypertext links from one document to another. Electronic Mail Representation & Transferring. web document transport and HTTP. The frame Set tags. WWW & HTML Introduction. verbose output. Data Transfer and Distributed computation. Internal Document References. client-server interaction. optimizing for multiple recipients on a computer. FTP general model and user interface. Remote file Access. Mail transfer. BOOKS RECOMMENDED (Latest Editions) 1. Browser interface. Image Maps Introduction to Frames. use of FTP. Java Script in Web Pages. The electronic mail paradigm. the frame Tags. Database Connectivity. The file transfer protocol. 3. authorization. Daniel Amore. and forwarders. FTP commands. changing directories and listing contents. HTML formatting tags. e-mail and application programme. 8. Project (case study). Advantages of Java Script. 2. Paul Trimmers Electronic Commerce. lists. lists. embedding graphic images in a web page. browser architecture. 6. mailbox access. Basic Programming Techniques. identifying a page. Robert T-Plant E-Commerce. 33 . file types and transfer modes. Images as Hyperlinks. Formation Strategy. Internet Explorer and Java Script. hypertext and hypermedia. Targeting Named Frames. World Wide Web. optional client. interactive and batch transfer paradigms. Introduction to Programming Scripts. heading. client-server interaction in FTP. 4. dialup connections and POP. trivial file transfer protocol. mail relays and e-mail addresses. network file system. generalized file transfer. 7. and file permissions. data connections and end of file. 9. External Document References. Anonymous file access. wildcard expansion in file names. mail exploders. the simple mail transfer protocol. Introduction. Linking Documents & Linking Frames. multipurpose internet mail extensions. Organizing Administrative Personnel and putting plans into action — Implementing policy strategy. Management of Industrial Enterprises. Inc. Willium F Glueck. 4. Short Range Planning-Independent Demand Inventory. Smith G A and Christensen. Long Range Planning-Product and Resource Planning. Fogarty W D & Hoffman T R. Strategies for Competitive Success. 2. 3. Top Management Planning Macmillan Publishing Co. 3. Material requirement. Business Policy and Planning. Simplification. Production Management. Medium Range Planning — Forecasting Aggregate. Manufacturing and Service Organization. STRATEGIC MANAGEMENT The Top-management view point. Evaluating Strategy. 5. 6. Steiner George A and Miner John B. Owen Richard N. New York. Dittrich J E. SWOT analysis. Dilworth J B. Production and Operations Management. Implementing strategy. Pitts R A and Snow C C. Principles of Operation Management. Rogers D C. Barry Kender & Jay Heizer. Master Scheduling and Capacity Planning. George A. Case Study Method and Illustration. John Willey. Standardization. Roger G Schroeder. Inc. Prentice Hall. Strategic Management Elements. Nature and Importance of Business Policy/Strategy. formulating policies and planning programmes of action. Operation Management. London. 7. Layout Process Design. 4. OPERATION AND PRODUCTION MANAGEMENT Introduction to Operations and Production Management. 34 . John Willey. Factory Location. Capacity requirement. Considering strategic alternatives. BOOKS RECOMMENDED (Latest Editions) 1. South Western Publishing Co. Steiner. Everett E Adam Jr & Ronald J Ebart. Operation Management Policy and Strategy. Execution and Control. Managerial & Organizational Style. The General Manager & Strategy Formulation. 2. Follow up and appraisal. Seizing up situation. Management Policy and Strategy: Collier Macmillan International Inc. Policy Formulation and Administration Richard D Irwin Inc. Production and Operations Management. 6. General Functions of Operations and Production Management.FOURTH SEMESTER 1. Industrial Development in Pakistan. Buffa E. Work Design and Measurement. 7. 2. Control day-to-day administrative problems. Production and Resource Capacity Planning. Facility Layout. Environmental Analysis and Diagnosis. 5. Business Policy and Strategic Management. McGraw-Hill Co. Production and Operation Management McGraw-Hill. BOOKS RECOMMENDED (Latest Editions) 1. New York. John Willey & Sons. Winding Up: Compulsory and Voluntary. Fausset and Wilson. The Accounting & Environment. Competitive Strategy. Strategic Management. Financial Accounting. Underwriting and Commissions. International Accounting Standards as adopted in Pakistan (Relevant to above topics). Powers and Duties. Lahore. 5. 3. Fred R David. 2. Thomson & Stickland. Articles of Association. Ashfaq Ahmad. Company Law and Practice in Pakistan. a) ACCOUNTING ADVANCED ACCOUNTING THEORY AND PRACTICE The basic structure of accounting. Exploring Corporate Strategy. Books of a Company. The Companies Ordinance 1984. As amended up to date. Accounting Systems and controls. Resolutions. Formation of leasing company. Venture capital. Consequences of Winding Up. Removal and Retirement of directors. Deferred Tax. BOOKS RECOMMENDED (Latest Editions) 1. Business Combination and Consolidation. Provisions and Contingencies Final Accounts and Annual Reports of Banks. 3. Measuring financial position and Income flow. Company Law. M E Porter. BOOKS RECOMMENDED (Latest Editions) 1. Crafting & Executing Strategy. Modarba Company. Merger and acquisition. 10. MacDonald and Evans. Cash flow statements. MEIGS. credit rating company. Modarba ordinance 1980. 4. Disclosure by directors. Insurance. Leasing Companies. SECP Role. The Accounting Model-Theory and practice-valuation in Accounting Management. FIELDS OF CONCENTRATION 1. Planning and Control. Khawaja Amjad Saeed.8. MOSICH & Meigs. Income Taxes. Company and Directors' Meetings. Quorum. CORPORATE LAW The Companies Ordinance 1984 as amended Incorporation and Floatation of a company. Listing at Stock Exchange. Capital. Agents and Minutes. with special reference to Memorandum of Association. Head. 11. Legal position of the Secretary. Directors: Appointment and Remuneration. Powers and Duties of a Liquidator. 35 . 9. McGraw-Hill. Secretary's duties and responsibilities. London. Prospectus. Notices. Accountancy & Taxation Services Institute. Shares. A Manual of Secretarial Practice. Gerry Johnson & Kavin Scholes. 5. DDO Handbook. (Federal) Accounts Code. Auditing by Muhammad Irshad. 2nd Ed. Procedure and functions of the Auditor General of Pakistan. Auditing. 2. 6. Richard D Irwin Inc. Advanced Accounting. 2. 3. Pitman Publishing Ltd. Register of Advances. Khawaja Amjad Saeed. 4. Wallis. Income & Expenditure Statements. Government Financial Rules.2. Stettler F. McGraw-Hill. D. Accounting. BOOKS RECOMMENDED (Latest Editions) 1. Reporting different funds and their disposal. c) ADVANCED AUDITING The Audit environment. Advanced Budgeting preparations. Advanced Accounting. Budgets. Organizations. Vol. Auditing. Buying Cycle. Treasury Manual. Irwin. London. Nisaruddin. McGraw-Hill. 4. M A Ghani. McGraw-Hill. Accountancy and Taxation Services Institute. Related problems Tangible and Intangible Assets. III. Lahore. Woolf E. 3. 5. Departmental Budgets.. 4. Zafar M Zaidi. 6. Vol I to IV. 5. Audit Report-Special reporting situations. Attwood and Stein. Public Accounts Reports. Fundamental Rules. 6. Naveed Publication. Johns. Lahore. Meigs & Larson. University of Congress Richard. 36 . b) PUBLIC SECTOR ACCOUNTING Government Accounting System. Auditing theory and practice. Miksell R M. Advanced Accounting. Governmental Accounting. Auditing. Kaluza. Sales Tax Audit. Treasury Manual (Federal & Provincial). BOOKS RECOMMENDED (Latest Editions) 1. Assets and Liabilities-Audit of payroll and other income and expenditure items-Reporting obligations and optionsReports by independent auditors non-opinion reports. Inventory Balances. Lahore. McGraw-Hill. Controlling Accounts. Inventories. International Audit standards-Auditing and Ethics-General Technology in Auditing-Internal control and Review techniques-Attributive sampling and objective tests of Internal ControlAudit of revenue. Meigs and Johns. Provincial Financial Handbook. 3. 7. Accounting A Systems Approach. Annual Accounts. N D de Paula's Auditing Principles and Practice. Stock and Stores Accounts. 7. and Monthly Accounts. Auditing Theory. I. II. Product Cycle. Principle Auditing. Accounting A Modern Approach. Auditing Specific Cycle and Accounts-Auditing the Revenue cycle. 12. Matz Usry. Cost Accounting. Horngren C T. Ramesh K S Rao. 5. 8. Business Cycle Analysis Market Participation. 3. 3. Charles P Jones. 37 . 1. Services. Investment Analysis and Management. Cost Accounting. 6. BOOKS RECOMMENDED (Latest Editions) 1. (a). Note: Students will be required to visit various industrial Units/Departments. 7. 9. and Merchandizing Sector in respect of Cost Accounting Application will be carried out. Fundamental of Financial Management. 5. 3. SPECIAL TOPIC IN ACCOUNTING CAN BE ADOPTED BY THE CONCERNED BOARD OF STUDIES 2. 4. Modern Investment Theory. 18. 2. McGraw-Hill. 10. Sharpe Gordon. 6. William F. Robert A Haugen. 7. 16. Financial. 11. 2. 14. 13. Investment Analysis and Management. Manufacturing. Investment. 4. e) Davidson S & Weil R L. Handwork of Cost Accounting. Market structure and market efficiency. Investment. 17. Mandel L and Thomas J O’Brian. Rayes Doughlas A. Lawrence J Gitman. Sources of Investment Information Equities Money and Currency Markets Long-Term Fixed Income Securities Fundamental Analysis Securities Analysis Portfolio Construction and evaluation Capital Assets Pricing Model Arbitrage Pricing Theory BOOKS RECOMMENDED (Latest Editions) 1. 19. Fundamentals of Investment. FINANCE PORTFOLIO MANAGEMENT Introduction to Investments Types of Investments Investment Return Risk and Return The Measurement of Risk The Theory of Risk and Return – Mean-variance International Diversification Overview of the Structure and Functioning of Investment Markets Margin. 2. 15.d) COST ACCOUNTING APPLICATION At least 10 case studies on selected Industrial. 10. Saudi Arabia. 5.Islamic Development bank . 8. 3. Saudi Arabia. Liecester. (Vol 2). Banking Without Interest. 2. ISLAMIC FINANCE Primary background and theoretical foundations Islamic Economic System and Introduction Macroeconomic theories from Islamic perspective Islamic Banking and Finance in theory and practice Financial intermediation in the framework of Shariah The role of Shariah-based financial instruments in Islam The mechanism and operations of Islamic financial markets Islamic modes of finance Principles of Islamic Financing External financing in Islam Empirical Investigation . Principles of Islamic Financing. 1. UK. Islamic Banking & Finance. Saudi Arabia. Meezan Bank’s Guide to Islamic Banking. Islamic Development Bank. Islamic Development Bank. Economic Rationality of Islamic Banking. 12. Khan Fahim M. Dr M Imran Ashraf Usmani. UK. Jeddah. Mannan M A.its role and functioning . Lahore. The Islamic Foundation. Siddiqui Mohammad Neejatullah. 12.(b). Studies in Islamic Economics. Islamic Publications Limited. Islamic Banking: State of the Art. Developing a System of Financial Instruments. 1. 3. Proceedings of the Seminar on Islamic Banking. Islamic Development Bank.Contemporary experiences of Islamic Banks Islamic Finance in Pakistan’s Context . Mannan M A. Islamic Research and Training Institute. Rehman Afzal-ur. Islamic Research and Training Institute. 7. 10. 6.Islamic Modes of Finance in Pakistan: A practical experience BOOKS RECOMMENDED (Latest Editions) 1. 2. Jeddah. Islamic Research and Training Institute. 5. 13. Islamic Development Bank. 9.Interest-free Banking in Pakistan . Ayub Ch. Kahf Manzar. Economic Doctrines of Islam. 4. Islamic Development Bank. The Islamic Academy Cambridge. 4. 7. Ariff M and Mannan M A. Jeddah. 38 . Liecester.Long-term Financing in Pakistan . Jeddah. Financing Development in Islam. Islamic Economics: Theory and Practice. 6. 9. Saudi Arabia. Islamic Research and Training Institute. 11. Lessons in Islamic Economics. Journal of Research in Islamic Economics. Islamic Development Bank. Islamic Research and Training Institute. Ahmad Khurshid. Islamic Development Bank.Supreme Court’s Judgment on the issue . The Islamic Foundation. Jeddah. 8. The Islamic Economy: An analytical study of the functioning of Islamic Economic System. Islamic Development Bank. Saudi Arabia. 4. 5.(c) 1. Introduction to financing decisions Description of financial instruments Private Sources of financing Commercial banks and other financial intermediaries Ventures capitalists Issuing securities to the public Long-term financial policy: Dividends Policy How companies distribute value to the owners Cash dividends Share repurchases Stock dividends and stock splits When dividend policy is irrelevant The effect of financial market imperfections The effect of asymmetric imperfections 39 2. . 3. zero coupon. CORPORATE FINANCE Introduction to Corporate Finance Financial decision making in corporations Types of finances Financial instruments and markets Short and long-term financing Valuation principles Required Rates of Return and risk Internal & external financing Spontaneous financing Short term financing tools Financial statements and cash flows The cash flow statement The income statement and statement of retained earnings The balance sheet Relationship between book value and market value Understanding the Interest Rates General level of interest rates Foreign Borrowing and lending Purchasing power parity Structure of interest rate Valuing Debt and Equity Value debt and preferred stock Pure-discount instruments Coupon bonds. their types and valuation Valuing equity A single period common stock A multi-period common stock The constant growth dividend & growth in stages Implications for managers Lease and loan financing. perpetual & reserve bonds Amortized instruments Preferred stock. 6. Parag Diwan Project Management. Morris PWG & Hought G H. Leadership. Corporate Finance: Principles and Practice. 40 . Project Management. Irwin McGraw-Hill. Principles and Practices. Pentagon Press. 3. BOOKS RECOMMENDED (Latest Editions) 1. Modern Approach to Project Evaluation. Financial Management and policy. Scheduling Resources. Rose. John Willey. Acquisitions. Feasibility Report and PC-1 Managing Risk. Corporate Finance. managing Inter-organizational Relations Progress and Performance Measurement and Evaluation Project Audit and Closure The Process of Project management and the Future Case study of any project Note: Case study of any project. Clifford F Gray/Erik W Larson. Being an effective project manager. McGraw-Hill. John Dingle.Establishing a dividend payout-earnings retention policy 7. Gary W Emery. 3. Gitman. Robert K Wysocki. Roberty Beck Jr. 2. Corporate Finance. M Pete Spinner. 4. John Willey. Prentice Hall. BOOKS RECOMMENDED (Latest Editions) 1. divestitures and buy-outs 8. Principles of Managerial Finance. 5. The Anatomy of Major Projects. Van Horne. Arnold Publishers. 2. David B. PERT. Organization. G Inwan. Capital structure theory Operating & Financial leverage Cost of Capital Restructuring Restructuring company’s assets and claims Mergers. Integration of organizational strategy with projects Defining the projects. CPM Analysis Managing project teams. Meredith J R & Mantal S J. Project Management. John Wiley & Sons. Brealey and Byers. Project Management. 7. Orientation for Decision Makers. 4. Project management (The managerial process). partnering. (d) PROJECT MANAGEMENT Modern project management. developing a network plan Project Cycle. 8. Effective Project Management. Reducing project time. 5. Crane. 6. Handbook of Govt. 3. Central Directorate. Government of Pakistan. Multinational Corporations. Govt. 4. Wesley Publishing Co. Sponsored Financial Institutions. Pippenger J. Maurice D Levi. Foreign Banks. (f) INTERNATIONAL FINANCE Meaning. (g) 1. Karachi. Appraisal of Specialized Financial Institutions in Pakistan. Marcia Stigums. Financing international trade. International financial system. 6. State Bank of Pakistan. Robert Hudson. 3. International Financial Management. Government of Pakistan. Cooper Fraser. 4. 2. of Pakistan. Nationalized Banks. Introduction to exchange rate. Foreign exchange exposure and risk. Alternative system of exchange rate. Dow Johns Irwin. 3. Lahore. Treasury Management. Types & Working. Role of Money and Capital markets. Financial Institution. including Commercial. BOOKS RECOMMENDED (Latest Editions) 1. Financial Institutions. Fundamentals of International Trade. BOOKS RECOMMENDED (Latest Editions) 1. Multinational Finance. Shapiro. 3. State Bank Publications.(e) SPECIALIZED FINANCIAL INSTITUTIONS Financial Institutions: Basic concepts. Foreign Exchange & Money Markets. Money Markets. Modarbah. Specialized International Financial Institutions. 2. Treasury Management International Banking Operations. TREASURY AND FUND MANAGEMENT Analysis of the various methods of Treasury and Fund Management Incorporating asset pricing expectation theory Interest rate risk and the term structure of interest rates The differences among asset and liability management Managing interest rate risk Selling interest rate risk products BOOKS RECOMMENDED (Latest Editions) 1. 2. Forward Rate. International Finance. Hedging risk and exposure. The Financial Market Place. Watson & Altringham. 2. Reihl Rodriguez. 4. 5. 4. Donald. Leasing Company. Madora. 5. 5. 41 . Balance of payment accounts. Currency future and options markets. Role in Economic Development. Importance. Irwin Inc. The handbook of international financial management. Khawaja Amjad Saeed. SECURITY ANALYSIS Stock market terminology Types of securities – Short and long-term. 4. types and forms Efficient market by hypothesis – random walk theory (RWT) Other theories of stock valuation Security markets: a. BOOKS RECOMMENDED (Latest Editions) 1. 4. International Marketing Macmillan. Market Selection Decisions. Investment Analysis & Management. 8. Export Procedure and Documents. 2. 3. BOOKS RECOMMENDED (Latest Editions) 1. foreign trade policies. Volume indexes c. Subbash C Jain. 5. Gitman Lawrence J. 9. 3. 14. 2. Czinkota Micheal R and Ronkainen Ilka A. 4. Russell J Fuller & James L Farrels Jr. International Pricing and Promotional & Advertising Strategies. Susan P Douglas and C Samuel Craig. 3. International Marketing. Onkvisit Sak and Shaw John J. International Marketing. role of government. Global Marketing Strategy McGraw-Hill. 2. Industry Analysis. 7. Trend Theories – Charts and graphs. Secondary Money & Capital markets Security market indexes: a. Intrinsic values calculations Technical analysis – Trends. Risk management and Financial Derivatives. Rayes Douglas. International Marketing. Styajit Das. Pakistan Export Composition. Modern Investment and Security Analysis.(h) 1. Global marketing. Other indexes Economic Analysis. 6. Company Analysis Individual Security risk & return Mutual funds & Brokerage Analysis 12. 42 . 13. 10. Channels of international marketing. 11. 5. 5. Export Finance. Primary b. Price indexes b. Dryden Press. Donald Fischer & Ronald Jordan. Marketing consumer & Industrial Product. Debt and Equity Fixed and variable income Valuation of securities Fundamental analysis. 3. Philip Cateora. Market Strategies. Fundamentals of Investment Management. (a) MARKETING INTERNATIONAL MARKETING Introduction to international business. Security Analysis & Portfolio management. Analytical Marketing Management. John Willey. Dalrymple D J & Parsons. MARKETING MANAGEMENT The meaning and scope of Marketing Management. Competitive Marketing. Technological Advances. Analyzing Consumer Behaviour. EWA Govni. Prentice Hall. 7. Store. 2. Hise et al. 9. Sales Management Prentice Hall. Marketing information system and models. Legal Constraints on Pricing decision. Advertising. John O’Shaughnessy. BOOKS RECOMMENDED (Latest Editions) 1. Cliff. Jolson Marvin A L. NAP. Retail Credit and Collections. Still R R Cundiff. Harper & Row Ltd. Davis K R Hill. Richard M S Wilson & Colin Gilligan. John Willey & Sons. Retailing Opportunities and career. Marketing Expenses Budget. 3. Creinberg C Low. Sales Organization-Internal and External. New York. Strategic Marketing Management. Advertising. Britt S H & Bovd H W. 5. The Retail Store-Location. Prentice Hall Englewood. Richard D Irwin. 3. 2. Marketing Management. Basic Marketing Management. Rewoldt S H & Scott J D. John Willey. Advertising and Promotion. Dovle P. Inc. Organization and control of Marketing Activities. New Jersey. Introduction to Marketing Management. Retail Organization and Personnel Management. Retail Sales Promotion. Use of case Study Method. 5. Coordination & Management-Adjusting to Present and Changing conditions. Building. Frey. Fixtures and Equipment-The Store interior Layout. Marketing Management & Administration. Macmillan Publishing Co. Retailing response to Environmental Changes.(b). Marketing Management. Management of Sales Force. Kotler Philip. 4. (c) RETAIL MANAGEMENT Retailing in Transition-The changing Environment of Retailing-Major Social Forces. Product testing. New York. 6. BOOKS RECOMMENDED (Latest Editions) 1. John Willey. Concepts & Strategies. 10. Publishers. Product Planning and Development. Marketing management. Personal Salesmanship. Marketing ChannelsManufacturer-Distributor-Relationship. George E Belch & Michael A Belch. 8. Use of the Case Study Method in the Analysis of Marketing Policies. Bolen W H. Inc. Product Planning for Promotion. 43 . Integrated Marketing Programme. Pricing as a Marketing Strategy. McGraw-Hill Book Company. Marketing Measurement and Forecasting. McGraw-Hill. Advertising. Market Sales Planning. P & D Diamond. Marketing Control. Planning the Basic Product. 4. Marketing Management. Berkman H W & Gillson C. Marketing Research. Payns Jr I K. Pricing and Terms of Sale. Boyd H W. Services. problems Discovery and Formulation. Accounting Records. Publicity and Public Relations. Utility Areas. Type of Hotels. and Ideas). market Analysis and Forecasting.(d) MARKETING COMMUNICATION Introduction. Marketing Research. Marketing Research-needs and Application Strategy. Housekeeping. Data Analysis Interpretation and Utilization. BOOKS RECOMMENDED (Latest Editions) 1. Environmental Influences on Marketing Communication. Number and Type of Personnel required. Restaurant and Guest Room Services Facilities and Interior including Food and Beverages. Sources and Types of Finances Required. John Willey. Development of Services. Advertising. McGraw-Hill. Marketing Research Process. Stores and other Guest Services. 44 . Marketing Research Text and Cases. Selecting the Site. Promotion (Products. 2. Nature of Hotel Business and its Structure. Control. West Fall R & Stasch S F. Motels and Tourists Accommodation. Organizing the Business. Advertising Research and new Product Research. Advertising. Smith W O. 2. Behavioural Foundations of Marketing. Inc. Planning the Facilities-Space Allocation. Recreation and Entertainment. The Promotion Mix. (f) HOTEL AND RESTAURANT MANAGEMENT Brief History of Hotel Industry in Pakistan. Personal Selling & Sales Management. Richard D Irwin. Defining and Planning Market Research Models. Restaurant Marketing. Terence A Shimp. BOOK RECOMMENDED (Latest Edition) 1. Promotion Management & Marketing Communication. Marketing Information. Sales Promotion. Data Collection and Organizing. Reporting and follow-up. Sales Promotion & Public Relations. George S. and Model Building Marketing Information System. Shops. (e) MARKETING RESEARCH Introduction to Marketing Research. Akker D A. Storage. William M Kineaid Jr. BOOKS RECOMMENDED (Latest Editions) 1. Administration and Management. Practice & Law of Banking. 4. Karachi. 6. Treasury Management. (d) 1. Menai. bills of exchange Promissory notes & stamp and excise duty thereon Remittances Routine Foreign Exchange Transactions Loans and Advances State Bank of Pakistan & Its functions. Oxford University Press. 3. 4. 6. 5. (c) 1. 5. Banking & Financial Services. Karachi. 5. 45 . BANKING Banking Law & Practice General Introduction Banker-Customer Relationship Types of Accounts Types of Customers The Statutes. 7. 3. 5. Pakistan Institute of Bankers. Laws relating to cheques. Marcia Stigums.4. Royal Book Co. Commentary on Negotiable Instruments Act. 4. 2. Watson & Altringham. 3. London: Pitman. 2. 2. 9. Government of Pakistan. Karachi. J Milnes. Banking and Finance in Pakistan. 10. 3. Money Markets. INTERNATIONAL BANKING An overview of the international banking arena Mechanisms for foreign exchange transactions. 4. Holden. Reihl Rodriguez. Practice and Law of Banking in Pakistan. Israr Siddiqui. Treasury Management International Banking Operations. Karachi. Foreign Exchange & Money Markets. 6. Trade financing The Euro markets and international financial centres International money and capital markets Regulatory framework for controlling such markets TREASURY AND FUND MANAGEMENT Analysis of the various methods of Treasury and Fund Management Incorporating asset pricing expectation theory Interest rate risk and the term structure of interest rates The differences among asset and liability management Managing interest rate risk Selling interest rate risk products BOOKS RECOMMENDED (Latest Editions) 1. S A. The Law & Practice of Banking. 8. 1881. 4. Vol I & II. 3. (a) 1. Robert Hudson. (Amendment of Laws) Ordinance. Abdul Aziz Kazi. 2. BOOKS RECOMMENDED (Latest Editions) 1. 2. Important facets of the regulatory framework Including the concepts Rationale tools and the framework of financial regulations at the national and global level Statutory (SBP. Appraisal BOOKS RECOMMENDED (Latest Editions) 1. 7. 6. Studies in Islamic Economics. Developing a System of Financial Instruments. IOSCO. contemporary experiences of Islamic Banks in different Islamic countries Islamic Development Bank. 2. 2. 3. Marketing in Financial Services. REGULATION OF FINANCIAL INSTITUTIONS. (g) ISLAMIC BANKING Comparative Economic Systems Economic System of Islam Features of Commercial Banking Structure of Islamic Banking Obstacles in Islamic Banking Financial intermediation in Islamic system Riba. 3. like credit rating etc. SECP) as well as the self-regulatory organizations (stock exchanges) Supra national forums like the Basle Committee of Banking Supervision. its role & functioning Islamic Banking in Pakistan. Islamic Development Bank. MARKETING OF FINANCIAL SERVICES The Service Economy Kinds of Financial Services and Products Service Planning and Development Marketing Strategies and Competitive Environments Pricing of Services Promotion and Related fields Services Future of Services (f) 1. Islamic Research and Training Institute. Jeddah. Saudi Arabia. Principles of Islamic Financing. 5. Jeddah. its classifications and Prohibition Empirical investigation. Ariff M and Mannan M A. Christine Ennew & Trevor Warkins. 46 . Islamic Development Bank. Islamic Research and Training Institute. The Islamic Foundation. Saudi Arabia. Ahmad Khurshid. 4. Liecester.(e) 1. BOOK RECOMMENDED (Latest Edition) 1. 3. 4. 2. etc. UK. as well as private sector regulatory initiatives. Islamic Development Bank. Siddiqui Mohammad Neejatullah. Saudi Arabia. Siddiqui Mohammad Neejatullah. 10. Khan Fahim M. Islamic Development Bank. Lahore. Liecester. Dr M Imran Ashraf Usmani. Mannan M A. Jeddah. Islamic Research and Training Institute. Mannan M A. 47 . 11. 12. Lessons in Islamic Economics. Jeddah. Proceedings of the Seminar on Islamic Banking. Islamic Development Bank. (Vol 2). Ayub Ch. Islamic Banking & Finance.4. The Islamic Foundation. Islamic Publications Limited. Economic Doctrines of Islam. Meezanbank’s Guide to Islamic Banking. UK. 7. Banking Without Interest. 9. Rehman Afzal-ur. Islamic Economics: Theory and Practice. Islamic Development Bank. Islamic Research and Training Institute. Financing Development in Islam. Issues in Islamic Banking. 8. Economic Rationality of Islamic Banking. 6. The Islamic Academy Cambridge. 5. Saudi Arabia. Phil. 4.D. Specialization Courses SECOND YEAR 3rd & 4th Semester Dissertation and its defence Note: Details of courses will be followed by the universities as approved by their respective Board of Studies Ph. 48 . Issues in Pakistan Economy Research Methodology Econometrics Applied Business Policy Second Semester: (Total credit hours 12) A. IN COMMERCE Research Topic will be allocated after successful completion of M. Programme and meeting the admission requirements as determined by the respective university. 2.M. B.PHIL. 4 courses from one/two fields of specialization Comprehensive Written Examination i. 3. General Courses ii. IN COMMERCE FIRST YEAR First Semester: Compulsory Courses (Total credit hours 12) 1. Com. next Academic Year positively in all universities along with affiliated colleges..Com. 10. 2001 and 2004 regarding the appointment of the Heads/Principals with minimum M. The Committee recommends the regular revision of syllabi in the largest interest of the academic needs of our country and resolved that a meeting of qualified teachers may be held at least once a year on regional basis and every two years at HEC level where stakeholders/users may also be invited.Com. The Committee recommends that the recommendation made in the NCRC meetings of Commerce in 1978. the Committee suggests that the teacher training and orientation programs be arranged by HEC at various regional offices initially for those subjects that are being introduced in the core courses and fields of specialization. e. 5. Banking.. 3. should be implemented. 4. 1995. and M. 49 . The Committee also suggests that regular refresher courses for colleges and university teachers be arranged at the university level in all Provinces and funds for this purpose may be provided by the HEC. Finance and I. The Committee suggests that sufficient grant for libraries should be provided at university level for each Commerce Department.RECOMMENDATIONS During preparation and revision of Curricula at B. 7. Accounting.f.T. 6. The Committee also recommends that HEC may take measures to develop manuals particularly on new course(s) as a guideline for the teachers. the following recommendations came up through extensive discussions amongst the members of the Committee: 1.Phil. Regular seminars should be arranged at Provincial Headquarters by the HEC in cooperation with the local universities and the users. levels. 1990. related subjects. 9. 8. The Committee suggests that case study method of teaching may also be introduced for imparting education in Commerce and a common pool be maintained at HEC level. degree in Commerce Colleges/Institutions. The Committee recommends that HEC should take appropriate measures for the printing of foreign/local books of Commerce through National Book Foundation at low prices for the benefit of students. For better implementation. The Committee resolved to recommend and establish a Centre of Excellence in Commerce to promote research activities. M.e. This curriculum/syllabi be implemented w.g. 2. Marketing. and M.11. Programmes for producing quality graduates. The Committee appreciated the endeavour on the part of HEC administration 12.T. students..Com.Phil.Com.Com. The Committee recommends that special grant may be provided for promotion of I. M. (Hons) programme as it needs a lot of preparation and collection of relevant information including the views of teachers. 50 . The Committee recommends for convening of a separate meeting to formulate the proposal for 4 years B. and establishment of Computer Labs. and provision of necessary teaching aids in this regard. parents and stakeholders. for the revision of Commerce curriculum on regular basis for providing guidelines to the institutions/universities to formulate the market-oriented curriculum for B.