02-19-2010, 01:50 AM
@Omar I am a student at LUMS so I can only offer its position. LUMS does not have a program in Applied Accounting, it has a BSc (hon's) in Accounting and Finance. ACCA qualified are not taken as in principle it is a BSc degree but in practice it is vastly different from what LUMS offers. In the program there, you basically go through an accelerated MBA with courses in Financial Reporting, Corporate Finance but also more intensive ones in Management, Marketing, HRM etc. Apart from that you have to engage in a lot of Economics ranging from simple principles to hard core stuff like Econometrics and Industrial Organization as well as Game Theory. Even the Financial part is very thorough covering not only rudimentary level courses but also going deep into derivatives, stochastic calculus and Financial industry like the commercial banks and Islamic Banking. There are also multiple projects at each stage, I myself have done well over a dozen projects for the Accounting and Finance program and still have more to do. Aside from that, you also need to take compulsory courses from a big list from fields ranging from Psychology, History and Literature to Anthropology and Sociology etc. That's the reason they dont accept a certification as enough for LUMS directly as it only includes giving exams in a very specialized area. Other than that, you can give the LUMS entry test and still start yout bachelors program like a normal entrant, but you wont get special treatment for ACCA.
Many Accounting and Finance students from LUMS even graduate, having cleared CFA Level 1 as well normally with the university study.
Many Accounting and Finance students from LUMS even graduate, having cleared CFA Level 1 as well normally with the university study.
