Center of Excellence in Higher Education
The First Private University in Bangladesh

Department of Accounting & Finance

Message from the chair

I welcome you all to the Department of Accounting & Finance at NSU. It is one of the four departments in the School of Business and Economics (SBE).

The Department of Accounting & Finance at NSU is committed to provide the highest quality accounting and finance programs in Bangladesh. The department presently offers BBA, MBA, and EMBA degrees majoring in Accounting, and has 37 full-time faculty members and 6 part-time faculty members. Several other faculty members are on study leave. Our faculty members are highly qualified, and possess doctoral and/or master’s degree from USA, UK, Canada, and Australia.

The Department of Accounting & Finance is located in the 7th floor of North Academic Building at our beautiful campus. Our programs are ACBSP (Accreditation Council for Business Schools and Programs) accredited. Our graduates are well placed in the banks, NBFIs, accounting firms, and leading MNCs. Departmental student organization is working towards bridging the gap between academic knowledge and industry experience.

Thank you for your interest in our department and programs.

~ Dr. Arifur Rahman

About Us

The Department of Accounting & Finance presently offers BBA degree in Accounting, BBA degree in Finance, and E/MBA degree in Finance. All the offered degree programs are ACBSP accredited. In addition to that, our BBA degree in Finance is a CFA partner program.

Location: North Academic Building (NAC) 7th Floor
Number of Core Faculty Members: 34 
Number of Core Faculty Members on study Leave: 13 
Number of Adjunct Faculty Members: 9
Department Chair: Dr. Mohammad Riaz Uddin, Tel: 55668200, ext. 1704
Department Secretary: Enamul Karim Majumder, Tel: 55668200, ext. 1770
Student Activity: Finance Club

Department Staff

Enamul Karim Mazumder

Department Secretary

Major courses

A student majoring in accounting and finance is required to complete six courses (18 credit hours) offered by the department of accounting and finance. Three courses are mandatory for all students majoring in accounting and finance. These are: corporate finance (FIN 440), intermediate accounting (ACT 330) and investment theory (FIN 435).
Students have to choose three additional courses from the following list.

Courses Titles
  • ACT 322 Taxation
  • ACT 333 Managerial Accounting
  • ACT 341 Introduction to Auditing
  • ACT 431 Accounting Information System
  • FIN 340 Working Capital Management
  • FIN 433 Financial Markets and Institutions
  • FIN 444 International Financial Management
  • FIN 464 Bank Management
  • FIN 470 Insurance and Risk Management
  • FIN 475 Real Estate Finance
  • FIN 480 Derivative Securities
Minor courses

The department of accounting and finance offers a minor in accounting and finance. Students may choose to do a minor in addition to their major concentration by completing additional course requirements. The minor concentration broadens students' specialization and increases their marketability. A student may complete the requirements for a minor concentration without increasing the total credit-hour requirement for the BBA degree because the same courses may fulfill the open elective requirement. A student must take the following six courses (18 credits) from the core area.

Courses Titles
  • ACT 201 Introduction to Financial Accounting
  • ACT 202 Introduction to Managerial Accounting
  • BUS 172 Introduction to Statistics
  • ECO 101 Introduction to Microeconomics
  • FIN 254 Introduction to Financial Management
  • MGT 210 Principles of Management
  • In addition, the student must take four concentration courses (12 credits) from the Finance and Accounting area including all required courses.
Course map
Tentative Major Map: BBA (Finance and Accounting)

  • GED Courses (12 credits) to be chosen from:

     -Basic Sciences (3 credits): BIO 103/CHE 101/PHY 107
     -Environmental Studies (3 credits): ENV 107
     -Liberal Arts & Social Sciences (6 credits): POL 101/SOC 101/PAD 201/PBH
      101/PSY 101/PHI 101/BEN 205/ANT 101

  • Major Electives (12 credits)  to be chosen from:

     -ACT 322/ACT 333/ACT 341/ACT 431/FIN 340/FIN 433/FIN 444/FIN
     464/FIN 470/FIN 475/FIN 480

  • Open Electives (15 credits) could be chosen from any department, provided the student has completed prerequisite course/s, if any.



Course Code

Course Title

Credit Hr


ENG 102

Introduction to Composition


MAT 112

Elementary Mathematics


BUS 101

Introduction to Business



ACT 201

Introduction to


MKT 202

Introduction to Marketing


MGT 210

Principles of Management


ECO 101

Introduction to Microeconomics



ENG 103

Intermediate Composition


BUS 172

Introduction to Statistics


ECO 104

Introduction to Macroeconomics


MIS 105

Introduction to Computers



ACT 202

Introduction to Managerial Accounting


FIN 254

Introduction to Financial Management


MIS 205

Computer and Information Systems



Please refer to note at the end



BUS 173

Applied Statistics


BUS 251

Business Communication


ENG 105

Advanced Composition


MGT 321

Organizational Behavior



ACT 330

Intermediate Accounting


MGT 351

Human Resource Management


ECO 134

Applied Mathematics I



Please refer to note at the end



FIN 440

Corporate Finance


MGT 314

Production Management


MGT 372

International Business


Open Elective 1

Please refer to note at the end



FIN 435

Investment Theory


LAW 200

Legal Environment of Business


ECO 244

Applied Mathematics II



Please refer to note at the end



MGT 368



Major Elective 1

Please refer to note at the end


Major Elective 2

Please refer to note at the end


Open Elective 2

Please refer to note at the end



BUS 401

Business Ethics


Major Elective 3

Please refer to note at the end



Please refer to note at the end


Open Elective 3

Please refer to note at the end



MGT 489

Strategic Management


Open Elective 4

Please refer to note at the end


Open Elective 5

Please refer to note at the end



BUS 498




  • General Education (GED) courses (total 27 Credits)
    • ECO 101, MIS 105, & BUS/ECO 134 included in the BBA degree core courses fulfill 9 credits of GED requirements
    • The other GED courses (18 credits) will be part of university-wide GED requirements
      • ENG103 (3 credits)   -              already included in the major map above
      • ENG 105 (3 credits) -              already included in the major map above
      • Another 4 GED Courses (12 credits) to be chosen from:
        • 1 from Basic Sciences (3 credits) and  1 from Environmental Studies (3 credits):
          • BIO 103  Biology I
          • CHE 101 General Chemistry
          • PHY 107 General Physics I
          • PHY 108 General Physics II
          • PBH 101 Introduction to Public Health
          • ENV 102 Biology I
          • ENV 103 Biology II
          • ENV 107 Environmental Science
          • ENV 208 Disaster Management
          • ENV 214 Environmental Management
          • ENV 215 Ecology
        • 2 from Liberal Arts & Social Sciences (6 credits):
          • ANT 101 Introduction to Anthropology
          • ANT 103 Introduction to Cultural Anthropology
          • ANT 201 South Asian Civilizations
          • ANT 230 Introduction to Social Anthropology and Ethnology
          • BEN 205 Bengali Language and Literature
          • CHN 101                Chinese Language and Culture
          • DVS 570 Methods and Tools for Development Research
          • GEO 205 Introduction to Geography
          • GEO 250                Economic Geography
          • HIS 205  World History
          • INT 101  Introduction to International Relations
          • INT 201  Global Security Perspectives
          • LBA 101 Bangladesh: Culture and Heritage
          • LBA 104 Introduction to Dramatics
          • PAD 201                Introduction to Public Administration
          • PHI 101  Introduction to Philosophy
          • PHI 102  Logic and Reasoning
          • PHI 103  Scientific Reasoning
          • PHI 270  Philosophy of Science
          • POL 101 Political Science
          • POL 104 Introduction to Good Governance
          • POL 210 Human Rights and Politics
          • POL 235 Women in Politics
          • POL 260 Introduction to Political Theory
          • POL 300 Good Governance
          • POL 328 Political Behavior
          • POL 385 International Law
          • POL 390 Law of the Seas
          • PSY 101  Introduction to Psychology
          • PSY 105  Elements of Psychology
          • PSY 201  Introduction to Social Psychology
          • REL 205  Introduction to World Religions
          • SOC 101 Introduction to Sociology
          • SOC 103 Introduction to Criminology
          • SOC 201 Contemporary Issues and Gender Relationship
          • WMS 201Gender in Development
          • WES 318                Gender Issues and Sustainable Development


  • Major Electives (12 credits)  to be chosen from:
    • ACT 322         Taxation
    • ACT 333         Managerial Accounting
    • ACT 341         Introduction to Auditing
    • ACT 431         Accounting Information Systems
    • FIN 340          Working Capital Management
    • FIN 433          Financial Markets and Institutions
    • FIN 444          International Financial Management
    • FIN 464          Bank Management
    • FIN 470          Insurance and Risk Management
    • FIN 475          Real Estate Finance
    • FIN 480          Derivatives Securities


  • Open Electives (15 credits) could be chosen from any department, provided the student has completed prerequisite course/s, if any.
Course list

ACT 201 - Introduction to Financial Accounting

An introduction to the accounting model and financial statements with emphasis on the concepts and terminology needed to understand a corporate report. Topics include accounting processes for service and merchandising enterprises; current assets and liabilities; long-term assets; stockholders’ equity; revenues and expenses; methods of depreciation; inventory pricing; and accounting cycle for both service and merchandising companies.


ACT 202 - Introduction to Managerial Accounting

Internal accounting as a tool to generate information for managerial planning and control. Conventional as well as modern techniques are used to develop understanding of operating and capital budgets, standard costs, incremental costs, relevant costs, transfer pricing, and profit center reports as a means of analysis and techniques of measurement. Emphasis is given on management reporting and decision making based on complete information.

[Pre-requisite: ACT 201]


FIN 254 - Introduction to Financial Management

This course surveys the basic concepts and tools of Financial Management. The major objectives of this course are to learn the fundamental principles of finance and to obtain a broad perspective of the area of Financial Management. Major topics include financial objectives, financial analysis and planning, financial environment, risk-return trade-off, time value of money, valuation, capital budgeting, cost of capital, capital structure, working capital basics etc. Special emphasis is given on integration of the concepts of financial management into a total systems approach to financial decision-making

[Pre-requisite: ACT 201, BUS 172.]


ACT 322 - Taxation

A study of fundamental concepts of taxation and the local tax environment. It includes the theory and the historical growth of the fundamentals of the local tax laws and regulations. Emphasis is placed on the practical application of the tax laws in the preparation of the tax returns both for corporate and individuals and the need for tax planning.

[Pre-requisite: ACT 202]


ACT 330 - Intermediate Accounting

The fundamental nature of accounting communication embraced by a study of financial statements and reports, the form of presentation, analysis and interpretation of financial and operating statements, net income concepts, statements from incomplete records, theory and practice relating to cash flow, investment in tangible & intangible, current and non-current assets. Further emphasis on measurement of liabilities and stockholders’ equity, the concept of the statement of changes in financial position, analysis of financial statements, problems with accounting changes, errors, estimates and income determination.

[Pre-requisite: ACT 202]


ACT 333 - Managerial Accounting

Comprehensive treatment of managerial accounting topics with emphasis on generation, communication, and use of information to assist management in planning and control. Examines recent conceptual and analytical developments in the area of managerial accounting, includes a thorough study of modern and relevant planning and control techniques and their underlying concepts as applied to the various functional areas within a firm.

[Pre-requisite: ACT 202]


ACT 341 - Introduction to Auditing

Theory and practice of the examination of financial statements for the purpose of establishing and expressing an opinion as to their acceptance and reliability. Topics include duties and responsibilities of auditors; methods of conducting various kinds of audits; audit working papers, the preparation of the audit report and special problems in the audit of different kinds of enterprises.

[Pre-requisite: ACT 202]


ACT 431 - Accounting Information Systems

The integration of information flows of various segments of a business organization into an information system of the total organization with emphasis on the accounting aspects of electronic data processing (EDP). Examines the fundamentals of accounting systems design including systems analysis and design techniques, surveys, hardware and software considerations, control of computerized systems in corporate business environment

[Pre-requisite: ACT 202, MIS 205]


FIN 340 - Working Capital Management

Focuses on the management of various components of current assets and current liabilities. Special emphasis is given on integration of the concepts into a total systems approach to short-term financial management. Topics include management of cash, accounts receivables, inventories and other current assets, and management of accounts payables, bank loans, other short-term loans and other current liabilities.

[Pre-requisite: FIN 254]


FIN 433 - Financial Markets & Institutions

Introduces students to the fascinating revolution in the financial markets and institutions of the world. Major topics include operations, mechanics, and structure of financial institutions including banks, insurance companies, investment companies, pension funds etc., analyses of the wide array of financial instruments that are now available in the global money and capital markets for investing, financing, and managing risk, and discussions on regulations, monetary policy and international financial system.

[Pre-requisite: ECO 104, FIN 254]


FIN 435 - Investment Theory

Examines the investment environment and process. An investment is the current commitment of money or other resources in the expectation of reaping future benefits. The investment process involves identifying objectives and constraints, formulating and implementing strategies, and monitoring and updating the portfolio as needed. Major topics include investment alternatives, securities markets and trading mechanism, risk and return analysis, modern investment theory, valuation, analysis and management of bonds, common stocks and derivative securities, and investment performance evaluation.

[Pre-requisite: FIN 254]


FIN 440 - Corporate Finance

Examines in details investment and financing, and their interrelatedness. The overall goal is to obtain a comprehensive and in-depth perspective of the area of Corporate Finance. Major topics include financial analysis and planning, valuation, capital budgeting, capital structure, dividend policy, working capital management, mergers and acquisition, hybrid financing, bankruptcy, multinational financial management, and risk management. Special emphasis is given on integration of the concepts of financial management into a total systems approach to business decision-making.

[Pre-requisite: FIN 254]


FIN 444 - International Financial Management

Focuses on understandings of Financial Management ? in an international environment. This is achieved through comprehensive coverage of topics from the area of International Finance. Major topics include international financial environment, foreign exchange markets including currency futures, forwards, options and swaps, foreign exchange risk management, international financing and investing decisions, international working capital management, multinational capital budgeting, international portfolio diversification, etc.

[Pre-requisite: FIN 254]


FIN 464 - Bank Management

Provides students with tools and techniques to manage banks. Major topics include operations, mechanics, and structure of banks, performance evaluation of banks, asset-liability management, management of various kinds of risks, such as, interest rate risk, price risk, liquidity risk etc., fund management, bank regulations and international banking etc.

[Pre-requisite: FIN 254]


FIN 470 - Insurance and Risk Management

Examines the management of non-speculative risks in the business enterprise with emphasis on insurance as a tool. Topics include concepts of risk and insurance; risk analysis; treatment of risk control and financing; analysis of insurance contracts in areas of life, health, property and liability insurance.

[Pre-requisite: FIN 254]

FIN 475 - Real Estate Finance

Introduces the student to the theory and practice in the field of real estate. The course is aimed at providing a broad structure of knowledge. Topics include basic economics of urban growth, structure, locational analysis, market analysis, as well as, the technical aspects of appraising, financing, taxation and investment analysis. In addition, the material covered will acquaint the student with the home-buying process.

[Pre-requisite: FIN 254]


FIN 480 - Derivative Securities

This course offers an introduction to derivative markets. A derivative is an instrument whose value depends on the values of other more basic underlying variables. This course focuses on the financial derivatives. Emphasis is placed on organization and role of put and call options markets, futures and forward markets, swaps markets, and their interrelations. Major topics include arbitrage relations, valuation, hedging and speculating with derivatives, implementation of derivatives trading strategies, the perspective of corporate securities as derivatives, the functions of derivatives in securities markets and recent innovations in derivative markets

[Pre-requisite: FIN 435]

Finance club

The Finance Club provides a platform for professional development of the finance and accounting students at North South University. The club engages students in various personal and career development activities and prepares the students for the challenges of their professional careers. The faculty advisor of the Finance Club is Mr. Shahran Abu Sayeed. The founding executive board members of the club are Reyasat Chowdhury, Md. Junaed Hussain, Tanreema Sumaiya, Nakib Uddin M. Sayem, Shama Shabab and Naimul Kader.

Accounting club

The accounting club is in its founding stage. More information will be provided soon.

Meet our students
“Theory vs Practice” – An experience sharing session:

The Student Engagement and Support Committee of the Department of Accounting and Finance with organizational help from the Finance Club organized “FINANCE: Theory vs Practice” – an information session on March 21, 2014 where the key note speaker was Mr. Asif Khan, Deputy Head of Research at BRAC EPL Stock Brokerage. With around 6 years of buy side experience in equity research he specializes on macro economy, banking and energy sectors. Mr. Asif is also a CFA Charter holder and an NSU alumnus.

“Do we need to know everything we are learning?” – is a question asked every students at some point of their life and the same question was buzzing among many of the participants of the session as well.  Mr. Asif started the presentation by sharing his experiences for the past six years and strived on the point that why it is so much important to be theoretically sound to have a successful career in the practical world. In the later part of the presentation Mr. Asif gave future graduates a glimpse on the job sector of Bangladesh and different job roles that they can expect to start working as being majors from Accounting and Finance department.

As Mr. Asif explained without having a strong theoretical background in Finance it is highly unlikely that someone would do exceptionally well in the practical world. This is truer for the Accounting and Finance graduates as the speaker said he himself is still using many of the theories he learned during his time in the University. To be able to do a job efficiently and effectively one cannot simply ignore the importance of knowing theoretical implication of doing the job at the first place. So theory and practice are not in conflict rather if blended correctly could be a recipe of a successful career in Finance.

In the second part of the presentation the participants got to know about job opportunities both in the financial and non financial sector of Bangladesh. It was explained to the audience that even though financial sector is more talked about but job opportunities in the non financial sector which comprises mainly of FMCG, Industrial Goods and Service Sectors is equally attractive as the graduates can find themselves in various roles in the departments like Accounting and Finance, Treasury, Strategic Planning and Business Analysis. Then the focus was transferred on the financial sector of Bangladesh where Mr. Asif enlighten the participants regarding how the financial sector of Bangladesh is sub divided into Contractual Institution (Insurance Companies), Depository Institution (Banks and NBFIs) and lastly the Investment Institution (Brokers, Investment Banks, Asset Management Companies and Credit Rating Agencies). By the end of this segment of the presentation the participants had a very clear idea regarding how all of these institutions are different and yet working together in a harmonious manner to make up the financial sector of Bangladeshi economy.

Mr. Asif ended his part of presentation by recapping different theories he learned in the Accounting and Finance courses and how these theories are still very much relevant and frequently used in the different job roles available in the financial sector of Bangladesh. This particular segment brought a perfect end to the very informative yet a very engaging presentation which emphasized on the hard fact that without having strong theoretical hold, practical world cannot work efficiently.    

Lastly the session ended with a very engaging question answer session where Mr. Asif emphasized that although we have ample graduates graduating every year but the job sector is still lacking quality graduates. So to be a standout among many one cannot ignore the importance of being prepared for a job by having strong theoretical background. As many questions were coming related to his CFA experience he promised to hold another session which will focus on solely on that topic.

Green banking:

The Green Banking cell at North South University is funded by the Higher Education Quality Enhancement Project (HEQEP) under the University Grants Commission. The sub-project is funded by the Government of Bangladesh and the World Bank. The sub-project manager is M. Zubair Hossain.

The Green Banking cell has organized several seminars and discussion panels, and is in the process of publishing a book on Green Banking.

Bangladesh: 2014 and beyond:

On March 20, 2014, day-long panel discussions were held in North South University on “Bangladesh: 2014 and beyond.” The discussants included members of industry, government and academia. The panel discussions were organized by Mr. Hasan A. Mamun from the Department of Accounting and Finance in collaboration with the Green Banking Project at North South University.

The panelists were M. Zubair Hossain, sub-project manager of the Green Banking Project, Mr. Hasan A. Mamun, lecturer in the department of accounting and finance, Mr. Nayeem Mehtab Chowdhury, Managing director of Worldtel Telecommunications, Mr. Habibullah N. Karim, managing director and CEO of TechnoHaven and former president of BASIS, Mr. Nasir Arif Mahmud, joint secretary of the Ministry of Shipping, Mr. Md. Rafiqul Islam, managing director of South Bangla Agricultural Bank limited and Mr. Reaz Islam, managing partner and president (Asia Pacific) of LR Global and CEO of LR Bangladesh.

The dynamics of capital markets in Bangladesh:

Mr. Kh. Asadul Islam presented a talk on “The Dynamics of Capital Markets in Bangladesh” on August 19, 2014 in North South University. Mr. Islam is the MD & CEO of Alliance Capital Asset Management, Ltd.

The Dean of the School of Business, Dr. M. Mahboob Rahman, opened the discussion session by expressing the need for synergy between academia and industry.

The Dean then gave the floor to Mr. Islam, who spoke enthusiastically about the capital markets in Bangladesh. He shared his life experiences with the students, and gave them career advice. The session was arranged by Mr. Hasan A. Mamun from the Accounting and Finance department.

Department of Accounting & Finance

North South University
Plot 15, Block B
Dhaka 1229

Dr. Arifur Rahman
Associate Professor & Chair
Tel: +880-2-55668200 Ext- 1704
Room: NAC 747

Enamul Karim Mazumder

Department Secretary
Tel: +880-2-55668200 Ext- 1770
Room: NAC 748