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Department of Commerce Bahauddin Zakariy University, Multan, Pakistan

M.Phil. in Commerce

Program Introduction

The central role of management accounting, business management, finance or marketing management in today's society make them interesting disciplines of study in their own right, not just for those interested in a career in business, but also for anyone interested in the way that business influences and structures our lives and societies. In addition, for those who are interested, business management, accounting, finance & marketing management are the basis for many good business related careers.

Why study M. Phil in Commerce at the Department of Commerce

The degree programs are composed of a carefully balanced blend of courses. Individual course topics reflect the dynamic nature of contemporary accounting and finance. In addition to providing a solid higher education that is useful for any career that requires the critical skills and adaptability of well grounded graduates, the central role of accounting and finance in today's society makes the M.Phil. in Commerce a sound basis for many stimulating and prestigious career opportunities within the accounting profession, in financial services, and many other related areas, particularly management.

The overall objective of this program is to extend the academic training of graduates to the frontiers of knowledge within common foundation of commerce on business management, accounting, finance and their contemporary issues by providing the theoretical framework and skills to decision makers who need it in order to cope with an increasingly complex and global competitive environment.

The core subject areas are issues in contemporary business, advance management accounting issues, corporate finance, Research Methodology & Quantitative Data Analysis, econometrics and corporate governance. We primarily adopt an international, corporate perspective on the issues dealt with. Company examples are used extensively in order to identify relevant issues and to illustrate the use of theory in practice. After completing the program, students should be able to achieve:

  • Examine and critically assess contemporary issues in the field of international business, advance management accounting, corporate finance, corporate governance, management, marketing, advance accounting and auditing and many more relating o commerce and business.
  • Synthesize the conceptual and empirical literature on these issues.
  • Apply theory and concepts to real-life commerce/business scenarios.

The student will be able to demonstrate her/his abilities (prepare, describe, explain, calculate, interpret, evaluate) within the areas of business theory, marketing theory, management theory, valuation theory, accounting theory, financial statement analysis, financial markets, management control, and capital budgeting issues from both strategic and operational perspectives.

Programs Structure

M. Phil. Commerce is a 2-year study program based on the course work and research. Program is divided into four semesters, each spreads over a span of 4 ½ months. In this period total of 30 credit hours are required to be completed. The curriculum matrix of the M. Phil. program is as follows:

Table-1: Study Scheme

Semester - I Semester - II
Code No: Subject Code No: Subject
MC - 701 Issue in Contemporary Business MC - 711 Econometrics
MC - 702 Research Methodology &Quantitative Data Analysis MC - 712 Corporate Governance
MC - 703 Advanced Management Accounting Issues MC - 713 Elective-I
MC - 704 Corporate Finance MC - 714 Elective-II
Semester - III & IV
Code No: Subject
MC – 801 MC – 801 Thesis & Viva-Voce (6 Credit Hours)

Table-2: List of Courses

Core Courses Elective Courses
1. Issue in Contemporary Business 1. Financial Reporting & IFRS
2. Research Methodology & Quantitative Data Analysis 2. Advanced Auditing and Assurance
3. Advanced Management Accounting Issues 3. Financial Derivatives
4. Corporate Finance 4. International Finance
5. Econometrics 5. Security Analysis and Portfolio Management
6. Corporate Governance 6. Seminars in Accounting & Finance
7. Issues in Pakistan Economy 7. Seminars in Management & Marketing
8. Philosophy of Social Sciences 8. Advanced Financial Statement Analysis
9. Total Quality Management 9. Risk Management
  10. International Business
  11. Organizational Development
  12. Entrepreneurship

Teaching & Learning

Students will be taught in lectures, exercise lectures and small-group tutorials. In total, compulsory contact hours will be 3 hours per week. Research articles and internet means are considered important for holistic view of learning. Students may also consult academic staff, either individually or in groups.


Each teacher will give research project or term paper on the subject related to his course. Each course will be of 3 credit hours and carry 100 marks. The Department reserves the right to exercise its discretion in offering any subject or field of concentration, according to the availability of academic facilities.
Thesis is an integral part of the M.Phil Semester Program, which carries 6 credit hours and 200 marks towards the final result. Candidates are required to submit a thesis and take Viva-Voce Examination. They will not be granted M. Phil degree unless they have satisfactorily completed the thesis & Viva-Voce Exam.

Core Objectives of M.Phil in Commerce

Develop functional knowledge of their specialty: Students will develop functional knowledge of management & finance specialty, an appreciation of the interrelation of the functional areas and broad based current business knowledge.

Develop competence in communication: Students will develop competency in oral, written and interpersonal communication.

Develop analytical skills to solve problems: Students will develop skills in analyzing and interpreting numerical data, and in reasoning and problem solving through mathematical processes.

Apply knowledge of technology applications: Students will be proficient in the use of basic applications of information technology particular to their field of management & finance.

Develop the ability to make ethical judgments: Students will develop a regard for human values and the ability to make judgments based on ethical considerations to remove the white-collar crimes in the corporate sector.

Demonstrate Strategic and Tactical Planning: Students will demonstrate strategic Planning, Budgeting and Performance Reporting. Students assess Project Financing; an appraisal of technical aspects of project evaluation, and details of project economics.

Demonstrate Strategic Thinking: Students will demonstrate strategic thinking by applying management & finance principles and techniques to develop and implement solutions to achieve business goals.

Develop the ability to leverage human capital: Students will develop the ability to leverage human capital. Students will demonstrate the ways of improving the quality of human resource.

Develop research skills to explore problems:Students will be able to create new knowledge and understanding through the process of research and inquiry. Research skills such as critical, analytical and conceptual thinking and problem solving will be developed.