Combined Professional Business Studies Program: The Global Passport
Continuing Education Programme is inviting applications for a globally unique three stage Combined Professional Business Studies Program (Combined PBS) with the aim of bringing Pakistanis into the fold of the most qualified professionals in the world. Our goal is to provide Pakistani students and professionals an opportunity to compete with the best in the world. This course will assist you in acquiring the worlds most prestigious and valued international professional qualifications that is the CMA, CFM, FRM, CFA, CPA, all five from USA , and Diploma in IFRS from the UK . Looking at it from another perspective, the program covers the entire course work of the finest joint dual degree professional MBA in Finance and MS in Accounting programs in USA and UK but in much more detail and with an international flavor.
Our students will be trained in a way that they become familiar not just with the Pakistani, International, and European Union business practices (IFRS) but also are equally comfortable with US business practices (US GAAP). Once you pass these exams you will join the elite of the international business world. Your credentials will be recognized the world over. It will be as if you have acquired the Global Passport .
The Objective:
The participants of this course acquire the world's most prestigious qualifications: Certified Management Accountant (CMA), Certified Financial Manager (CFM), Financial Risk Manager (FRM), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and Diploma in IFRS.
Schedule of Classes:
There are 6 hours of classes during each week. These classes are scheduled during the evenings or weekends so that employed individuals and those pursuing other studies may also participate. The fee is Rs. 2,000 per month .
When should you start preparation for these exams?
The Global Qualifications:
CMA and CFM Programs are sponsored by the Institute of Management Accountants (IMA), USA which is the world's leading management accounting and financial management organization. IMA has more than 82,000 members world-wide and its certifications are recognized globally. For more details go to: http://www.imanet.org .
CFA exams are administered by the CFA Institute, which is the world largest professional association of Investment professionals that has 70,000 members. More than 100,000 investment professionals from more than 150 countries enrolled for the 2003 examinations. For more details go to: http://www.cfainstitute.org .
FRM is administered by the Global Association of Risk Professionals (GARP) which has more then 42,000 members from over 100 countries, which work in regional and global banks, asset management firms, insurance companies, central banks, hedge funds, universities, large industrial corporations and multinationals. For more details go to: http://www.garp.com
The Uniform Computerized CPA exams are conducted by the American Institute of Certified Public Accountants (AICPA), which is the largest accounting body in the world and has more than 338,000 members. For more details go to:
http://www.aicpa.org and http://www.cpa-exam.org .
Diploma in IFRS is issued by the Institute of Chartered Accountants in England & Wales (ICAEW) which is one of the oldest and one of the world's premier professional accountancy body. The Institute is the largest in Europe , with over 124,000 members working in business and public practice in 142 different countries. For more details go to: http://www.icaew.co.uk/ifrs
Mr. Zia U. Khan MBA, M.Acc.
MS , MA
CPA, CMA
The eighteen month core Stage I course covers the Certified Management Accountant (CMA) and Certified Financial Manager (CFM) qualifications from USA and Diploma in IFRS from UK and is compulsory for all students. Then the students advance to a twelve month finance focused stage II concentrating on passing the Chartered Financial Analyst (CFA) and Financial Risk Manager (FRM) professional examinations. The last stage has duration of four months and covers the remaining syllabus of Certified Public Accountant (CPA) examinations.
| Course # | Combined PBS Program Courses | Duration | Professional Exams Covered• |
| PBS-101 | Financial Accounting and Computerization | 2 Months | |
| PBS-201 | Intermediate Accounting (US GAAP and IFRS Covered) | 4 Months* | Part 2 of the new revised CMA, Accounting Section of the new computerized CPA, Diploma in IFRS, and CFA Level 1 |
| PBS-202 | Advanced Cost and Management Accounting | 4 Months | Part 2 of the new revised CMA, and Accounting Section of the new computerized CPA |
| PBS-203 | Applications of Information Technology | 1 Month | Section C of Part 2 of new revised CMA |
| PBS-301 | Business Environment (Economics, Global Business, Internal Controls, Financial Statement Analysis, Quantitative Methods) | 3 Months | Part 1 of the new revised CMA, Business Environment Section of the new computerized CPA, FRM, and CFA Level 1 |
| PBS-401 | Strategic Management (Corporate Finance, Strategic Planning, Strategic Marketing, Decision Analysis, and Investment Decision Analysis) | 3 Months | Part 3 of the new revised CMA, CFM, and CFA Level 1 |
| PBS-501 | Organization Management and Communication | 1 Month | Part 4 of the new revised CMA |
| Duration of Stage I (Core) | 18 Months | Deliverable: Completed CMA, CFM, and Diploma in IFRS | |
| PBS-601 | Market Risk Measurement & Management, and Analysis of Equity Investments | 3 Months | CFA Level 2 & 3, and FRM |
| PBS-602 | Credit Risk Measurement & Management and Analysis of Fixed-Income Investments | 3 Months | CFA Level 2 & 3, and FRM |
| PBS-603 | Derivatives & Analysis of Alt. Investments | 3 Months | CFA Level 2 & 3, and FRM |
| PBS-604 | Portfolio Management and Quantitative Analysis | 2 Months | CFA Level 2 & 3, and FRM |
| PBS-605 | Operational and Integrated Risk Management | 1 Month | FRM |
| Duration of Stage II (Professional Finance) | 12 Months | Deliverable: Completed CFA and FRM | |
| PBS-701 | Advanced Accounting ( US GAAP) | 2 Months | Accounting Section of the new computerized CPA |
| PBS-702 | Auditing and Regulation | 2 Months | Auditing and Regulation Sections of the new computerized CPA |
| Duration of Stage III (Public Accounting) | 4 Months | Deliverable: Completed CPA | |
| Total Duration of the Program | 34 Months | ||
| • Combined PBS program has a comprehensive accounting/finance curriculum that also covers ACCA, ICAP, and ICMAP exams but they are not specifically mentioned here. | |||
| * IFRS will be covered in a separate 3 hour/week class | |||
For links to syllabus of the new revised CMA, CFM, Diploma in IFRS, FRM, CFA, and CPA programs go to: http://groups.yahoo.com/group/qlobalqualifications/links/ |
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GlobalQualification.org Vision:
We predict that in the near future global professional qualifications will completely revolutionize higher education, and will entirely take over the accounting and financial world. Domestic and regional professional institutions will be unable to compete in the global village. This will put the students and members of these regional institutions at a severe competitive disadvantage, especially those belonging to under-developed countries.
GlobalQualifications.org is a not for profit grass root level movement whose goal is to use this paradigm shift towards global qualifications to empower the underdeveloped through state of the art professional education. Our aim is to give the talented, the underprivileged and the neglected a chance to uplift themselves, we plan to prepare them in these highly sought after financial qualifications and make them the premier supplier of financial services the world over. As you read this the plan is already in full swing.
With resources scarce as much as they are, original thinking and an intense focus is the only chance of success. We are using the underutilized capacity of existing major universities and educational institutions to lower the cost of education to an unprecedented level. As such, the tuition fee for these world-class courses is less then $40/month. However, low cost is not the main distinguishing feature of these courses; but the unique consolidated syllabus, extensive use of information technology, and highly qualified and dedicated faculty.
We will not just focus on providing in-class training but on-the-job training through internships with major corporations. Students will be encouraged to think not just in terms of job prospects, but taking advantage of the tremendous entrepreneurship opportunities that this new trend towards global financial convergence provides is the focal point of the plan.
Currently all our efforts are focused on first making Pakistan a center of highly skilled financial workforce. Once we have enough trained manpower in Pakistan , we plan to begin our operations in other countries as well.
Questions or more details?