A head start on your professional qualification.
Our undergraduate degrees are mapped to leading professional bodies, graduates receive paper to paper exemptions that accelerate the journey to ACCA, CA-ICAP, CA-ICAEW, CIPFA-UK, CIMA-UK, CIA-USA, CMA-USA, CPA-USA and CFA designations.
ACCA paper exemptions.
BS Accounting & Finance graduates are eligible for up to 9 ACCA paper exemptions under the current Applied Knowledge & Applied Skills mapping.
| ACCA Paper | Title | Exempted for |
|---|---|---|
| BT / F1 | Business and Technology | BS A&F · B.Com Hons |
| MA / F2 | Management Accounting | BS A&F · B.Com Hons |
| FA / F3 | Financial Accounting | BS A&F · B.Com Hons |
| LW / F4 | Corporate & Business Law | BS A&F |
| PM / F5 | Performance Management | BS A&F |
| TX / F6 | Taxation (UK / Pakistan variant) | BS A&F · BS Taxation |
| FR / F7 | Financial Reporting | BS A&F |
| AA / F8 | Audit and Assurance | BS A&F |
| FM / F9 | Financial Management | BS A&F |
Exemption decisions rest with ACCA. The list above reflects our current academic mapping; final exemptions are confirmed on transcript review.
Chartered Accountancy pathway.
The list of exemption is as follows
| Entry Route | Requirement | Outcome |
|---|---|---|
| PRC Cleared | ICAP Pre-requisite Competencies | Enter BS A&F normally |
| CAF Cleared | 8 papers of Certificate in Accounting & Finance | Eligible for BS A&F (CAF Qualified), 2 to 3 year completion |
| CA Finalist | Past CAF, in or past CFAP | Continue CA, degree credit by special path |
ICAP course exemptions.
BS (Hons.) Accounting & Finance subjects credited against ICAP courses.
| ICAP Course Title | University of Lahore Course Title |
|---|---|
| PRC-1 Fundamentals of Accounting | Recording Financial Transactions |
| PRC-2 Quantitative Analysis for Business | Quantitative Reasoning 1 · Quantitative Reasoning 2 |
| PRC-3 Business and Economic Insights | Introduction to Economics · Strategic Business Management |
| CAF 1: Financial Accounting and Reporting | Drafting Financial Statements · Financial Reporting |
| CAF 3: Data, Systems and Risks | Information Technology · Computer Application in Business · AI and Data Analytics |
| CAF 4: Business Law Dynamics | Business Law · Company Law |
| CAF 6: Corporate Reporting | Financial Reporting |
| CAF 7: Business Insights and Analysis | Financial Management · Strategic Business Management |
| English Communication Skills (ECS) | Exemption on the basis of 16-year education |
| Presentation and Personal Effectiveness (PPE) | Exemption on the basis of 16-year education |
| MS-Office in Business | Exemption on the basis of 16-year education |
ICAEW paper exemptions.
BS (Hons.) Accounting & Finance graduates are credited against the following ICAEW subjects.
| ICAEW Subject | University of Lahore (BS Hons. Accounting & Finance) Subject(s) |
|---|---|
| Accounting Fundamentals | Recording Financial Transactions · Maintaining Financial Records |
| Assurance Risk Fundamentals | Implementing Audit Procedures · Audit and Internal Review |
| Business and Digital Strategy | Strategic Business Management (SBM661) |
| Business Insight and Performance | Accounting for Costs · Planning, Control & Performance Management · Financial Management |
| Business Law | Business Law · Corporate Law |
| Corporate Financial Strategy | Financial Management · Business Finance Decisions |
| Tax Fundamentals | Direct Taxation · Indirect Taxation |
CIPFA-UK module exemptions.
CIPFA-UK recognises BS A&F graduates across the following modules.
| CIPFA UK Module | University of Lahore (BS Hons. Accounting & Finance) Subject(s) |
|---|---|
| Financial Accounting | Recording Financial Transactions · Maintaining Financial Records · Drafting Financial Statements |
| Management Accounting | Accounting for Cost · Planning, Control & Performance Management |
| Audit & Assurance | Implement Audit Procedures · Audit and Internal Review |
| Financial Management | Financial Management · Planning, Control & Performance Management |
| Corporate Financial Reporting | Drafting Financial Statements · Financial Reporting |
| Governance & Risk Management | Corporate Governance & Law · Strategic Business Management · Planning, Control & Performance Management |
| Business and Change Management | Enterprise Management |
CIMA-UK paper exemptions.
CIMA-UK grants exemptions across the Certificate and Operational levels as follows.
| CIMA Level | Exempted paper(s) |
|---|---|
| Cert BA | BA1 Fundamentals of Business Economics · BA2 Fundamentals of Management Accounting · BA3 Fundamentals of Financial Accounting · BA4 Fundamentals of Ethics, Corporate Governance and Business Law |
| Operational OT | E1 Managing Finance in a Digital World · F1 Financial Reporting · P1 Management Accounting |
| Operational CS | Operational Case Study Exam |
A head start in your profession.
Combine an LSAF degree with the right professional pathway and you graduate ahead of the curve.
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