Fundamentals of Auditing Auditor’s Report Advantages & Disadvantages, Objectives & General Principles of Auditing Reasonable Assurance Legal Considerations Regarding Auditing Rights, Duties and Liabilities of Auditor Overview of Books of Accounts & Financial statements Statutory Requirements Regarding Company Accounts Understanding entity, its environment & Risks of material misstatement Documenting & Evaluating the Internal Control System Internal Control Questionnaire Audit Tests Substantive Procedures Audit Evidence Testing the System (i.e. Sales, Purchases, Payroll, Cash and Others etc.) Testing The Non-Current Assets Verification Approach of Audit Verification of Assets, Equity, Bank Balances, Stock in Trade, Stores & Spares Letter of Representation Audit & Statistical Sampling Internal Auditing Audit Planning and Establishing Overall Audit Strategy Auditor’s Report on a Complete Set of General Purpose Financial Statements Modified Auditor’s Report

• Principles of Auditing by Prof. Dr. Khawaja Amjad Saeed
• Auditing Concepts and Practices by Javid H.Zuberi
• Principles of Auditing and Other Assurance Services by Ray Whittington and Kurt Pany
• Principles and Practice of Auditing by Dinkar Pagare
• Audit And Assurance – Study Text by CAF-8, ICAP Study Text
• Auditing - An ISA Perspective (Volume I) by Muhammad Asif

Introduction, Why study finance?, The corporate firm, The firm and the financial markets, The income statement, Depreciation as a tax shield, The statement of cash flows, Common-size statements, Ratio analysis, The du Pont identity, Using financial statements information, Future value, Evaluating investments, Annuities, Perpetuities, Bonds, Valuing a bond, Bond pricing theorems, The bond indenture, Different types of bonds, Term structure of interest rates, Zero growth stocks, Non-constant growth stocks, Preferred stock features, Using NPV, Average accounting return, Profitability index, Making capital investment decisions, Pro forma financial statements, Depreciation, Returns, Variability of returns, Portfolio, Cost of capital, Weighted average cost of capital, Capital structure, M&M propositions, Bankruptcy costs, Operating cycle and cash cycle, Short-term financial policy, Short-term borrowing, Float and cash management, Credits and receivables, Inventory management

• Fundamentals of Financial Management by Van Horne and John M.Wachowicz, Jr.
• Financial management: Theory and practice (Reference book) by Brigham, E. F., & Ehrhardt, M. C.
• Principles of Managerial finance by Lawerence J Gitman
• Essentials of Corporate Finance by Ross, S. A., Westerfield, R. W. & Jordan, B.D.

ACFII619 is offered to the students of BS Accounting & Finance. • This course is designed for the regular students who are NOT currently on job. • Doing an internship (6 to 8 weeks) is a compulsory part of this study program. • Upon completion of their internship program, students are required to: o Submit Internship Completion Certificate in original. o Submit Internship Report according to the instructions/guidelines and format provided. o Appear in the presentation & viva voce to defend their internship program and internship report. o NOTE: Only those students will be called for presentation & viva voce who will pass the written work (Internship Report) and whose certificates (Internship completion certificate & Evaluation Form) will have been accepted by the Documents Evaluation Committee. • Final result of the course will be based on successful completion of each and every stage (submission) separately as well as jointly. • For the sake of guidance, VULMS of this course is enriched with contents such as FAQs, formats, general guidelines, presentation guidelines as well as rules & regulations. • Evaluation Criteria: Evaluation of the course ACFI619: Internship Report is based on pass/fail criteria. Marks have NOT been allocated for any submission or activity and no grade point of this course will be added to the CGPA. However, as it is a compulsory course, therefore, it is necessary to pass this course to fulfill the requirements of the degree program.

Course Management,Legal System of Pakistan,Financial System & Banking,Financial Instruments & Banking Laws & Practices,Evolution of Banking,The Banks (Nationalization) Act, 1974,Banking Companies Ordinance, 1962,State Bank of Pakistan Act, 1956,SBP Banking Services Corporation Ordinance, 2001,Pakistan Banking and Finance Services Commission Act, 1992,Microfinance Institutions Ordinance, 2001,Banker-Customer Relationship,Negotiable Instruments,Principles and Forms of Lending,Letter of Credit,Prudential Regulations of SBP,Guidelines for Banks By SBP,The Financial Institutions (Recovery of Finances) Ordinance , 2001,Ancillary Statutes & Digital Banking

• Practice and Law of Banking in Pakistan by Asrar H. Siddiqui
• Principles of Banking Laws by Cranston, R., Avgouleas, E., Van Zwieten, K., Hare

Consumer Banking,Profit Boosters,Bank Business & Operating Model (BOM): An Extended Context,Consumer, Consumer Rights & Protection,Key Issues in CB --- Consumer's Perspective,Emerging Issues in Retail Banking,Structure of Bank Credit Risk --- An Overview,Consumer Lending Basics / Credit Scoring Methodology,Costing / Pricing of CB Products,Bank Schedule of Charges,Consumer Financing in Pakistan Issues, Challenges and Way Forward Study / Report, Code of Consumer Banking Practice: The Association of Banks in Singapore,Growth Strategy in Retail Banking Structured Relationship Approach,Growth Agenda in Financial Industry,Capturing Consumer Finance Opportunties in Emerging Markets,India Consumer Banking Landscape,The Next 4 Billion Market Size & Business Strategy at the Base of the Pyramid an IFC/World Resources Institute Report (2007),Market-Based Approach for Poverty Reduction, Financial Services Market within BOP,Reflection Time,SBP Risk Management Guidelines,ERM: Development & Implementation of “Integrated Approaches” to Measure and Manage Risks across the Enterprise,Risk Appetite: How Hungry are you?,A Structured Approach to Establishing a Risk Appetite Statement,ERM at Asian Banks from Challenges to Strategies a Study by Asia Risk Management Institute (ARMI),Service Management Breaking the Trade-off between Efficiency and Service,Why Bank Customer Experience Matters?,Moments of Truth in Retail Banking……Managing Customer Interactions to Enhance Loyalty, Satisfaction & Share of the Wallet,Food for Thought,Housing/Mortgage Finance in Pakistan,Global Perspective on Managing Mortgage Profitability Retail Banks at a Crossroad in 2009 Principal Findings,Auto Financing/Leasing In Pakistan,SBP Operational Guidelines for Credit Cards Business in Pakistan,Building Consumer Trust in Retail Payments,Evolving Models of Retail Banking Distribution Capitalizing on Changes in Channel Usage,Fit, Focused and Ready to Fight How Banks can get in Shape for the Battle Ahead

• Retail Banking by Pond, Keith
• The art of better retail banking by Croxford,Hugh; Abramson,Frank; Jablonowski,Alex

Introduction to Computers Hardware, Input Devices Software Pointing Devices Storage Security, Output, Internet Using the Computer & Managing Files Introduction to Desktop Environment Organizing Files Print Management Word Processing Word processing Introduction Using Application Formatting Tables Preparing Outputs Mail Merge Spreadsheet Software Introduction to Microsoft Excel Saving an Excel File Creating Complex Formula Sorting Data Presentation Software Introduction to Microsoft Powerpoint Move, Copy or Delete the text Change Preset Animation Effect Internet & Communication Introduction Web Navigation, Search Engines Email Application, Electronic Mail and Mail Management

• VU CPL Course Book by Virtual University of Pakistan

Introduction to Computing, Searching Techniques, History of Computing, Data Storage, Boolean Operation, Hexadecimal Notation, Main Memory, Mass Storage, Flash Drives, Data Storage, Data Storage: Storing Integers, Data Storage: Storing Fractions, Data Storage: Data Compression, Data Manipulation, History of OS, OS Basic Concepts, Software Classification, Components of OS, Process of Booting, Process and its Administration, Handling Competition between Processes, Semaphores, Deadlocks, Security Attacks from Outside, Security Attacks from Outside, Network Classification, Protocols, Combining Networks, Methods of Process Communication, Distributed Systems, Internet Architecture, Internet Addressing, Internet Applications, Networking and the Internet, Algorithm, Algorithm: Representation (Primitives), Algorithm: Representation (Pseudocode), Algorithm: Representation (Pseudocode) While Structure, Algorithm: Representation (Pseudocode) Function Structure, Algorithm: Discovery (The Art of Problem Solving), Algorithm: Algorithm Discovery Strategies, Algorithm: Iterative Structures (Sequential Search Algorithm), Algorithm: Iterative Structures (Loop Control), Algorithm : Iterative Structures (Components of Repetitive), Algorithm: Iterative Structures: Loop Execution (Examples 1), Algorithm: Getting your Foot in the Door, Algorithm: Iterative Structures: Loop Execution (Examples II), Algorithm: Iterative Structures (Pretest and Posttest loops), Algorithm: Insertion Sort Algorithm, Algorithm: Insertion Sort Algorithm Example, Algorithm: Recursive Structure (The Binary Search Algorithm), Algorithm: Recursive Control, Algorithm: Algorithm Efficiency, Algorithm: Software Verification, Algorithm: Software Verification Examples, Programming Language, Software Engineering, Database Systems, Traditional File Structures, Database Systems, Artificial Intelligence, CS Impact, Word Processing, Presentations, Spreadsheets, MS Excel, Database, Web page Development

• Computer Science: An Overview, Global Edition by Glenn Brookshear, Dennis Brylow

Introduction, Software Categories / History of C / IDE, Starting to C, Expressions and Operators, Decisions, Repetition Structures, Loops and Operators, Switch Statement, Functions, Arrays, Pointers, Strings, String Manipulation Functions, File Handling, Structures, Bit Manipulation, Pre-processor Directives and Macros, Dynamic Memory Allocation using C, Structured Programming, Classes and Objects, Memory Allocation in C++, Friend Functions, Reference Data Type, Arrays of Objects, Streams, Stream Manipulation, Overloading Insertion and Extraction Operators, User Defined Manipulators, Copy Constructor & Assignment Operator, Template Functions, Template Classes

• C++ How to Program by Deitel and Deitel
• The C Programming Language by Kernighan and Ritchie

Introduction, the Array data type, the List abstract data type (ADT), Linked lists, Stacks, Queues, Trees, AVL Trees, Huffman encoding, The Heap ADT, Priority queue implementation using the heap ADT, The Disjoint Sets ADT, The Table ADT, implementation using arrays, Skip lists, Table ADT implementation using Hashing, Collision resolution in Hashing, Other uses of Hashing, Sorting, and Selection sort, insertion sort, bubble sort algorithms, Divide and conquer strategy: merge sort, quick sort.

• Data Structures and Algorithm Analysis in C++ by Mark Allen Weiss

Introduction & Overview to Digital Logic, Number Systems, Number Systems & Codes, Logic Gates, Logic Gates & Operational Characteristics, Digital Circuits and Operational Characteristics, Boolean Algebra and Logic Simplification, Karnaugh Map & Boolean Expression Simplification, Comparator, Odd-Prime Number Detector, Implementation of an Odd-Parity Generator Circuit, BCD Adder, 16-Bit ALU, The 74XX138 3-to-8 Decoder, Multiplexer, Demultiplexer, Implementing constant 0s and 1s, The GAL16V8, ABEL input file of a Quad 1-of-4 MUX, Application of S-R Latch, Applications of Edge-Triggered D Flip-flop, Asynchronous Preset and Clear Inputs, The 555 Timer, Down Counters, Timing diagram of a Synchronous Decade Counter, Up/Down Counter, Digital Clock, Design of Synchronous Counters, D flip-flop based Implementation, State Assignment, Shift Registers, Applications of Shift Registers, Programmable Sequential Logic, Design Example: Elevator Control System, Design Example: Traffic Signal Control System, Memory, Decoding large memories, Read and Write Cycles, FLASH Memory Array, Special Type of Memories, Introduction to FPGAs, Successive –Approximation Analogue to Digital Converter

• Digital Fundamentals by Thomas L. Floyd
• Digital Electronics Principles, Devices and Applications by Anil K. Maini