This document provides a foreign education evaluation for Yasar Mushtaq. It summarizes his educational background and determines equivalencies to U.S. degrees. Yasar completed a Bachelor of Commerce degree in Pakistan, majoring in Commerce. He then obtained a Master of Arts degree in Economics. Finally, he earned a Master of Business Administration degree from Preston University, majoring in Finance and Accounting. In total, the evaluation equates Yasar's foreign studies to 192.5 U.S. semester credits, including a Bachelor's degree and a Master's degree in Business Administration.

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FOREIGN EDUCATION EVALUATION
with U.S. Equivalence
Type: Evaluation with Course-by-Course Detail ERES Ref No.: 16-11-142
Purpose: The Uniform CPA Examination in California January 08, 2017
 Applicant Information
 Name on Application: YASAR MUSHTAQ
 Name on Documents: YASAR MUSHTAQ
 Date of Birth: July 27, 1975
 Review of Education
 Credential I:
 Country: PAKISTAN
 Credential: Bachelor of Commerce Degree (First Division)
 Major / Specialization: Commerce
 Institution Attended: University of the Punjab
 Length of Program: Two Years
 When Attended: 1993 – 1996
 Date Completed: November, 1996
 Date Certificate issued: December 29, 2004
 Awarded By: University of the Punjab
 Admission Requirement: Higher Secondary School Certificate
 Comments: This program may be considered for undergraduate admission to
colleges and universities in the United States, with transfer credit to
be determined through a course-by-course analysis.
 U.S. EQUIVALENCE: Two years of undergraduate studies (Commerce)

2. YASAR MUSHTAQ
ERES Reference No: 16-11-142
Evaluation with Course-by-Course Detail
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 Review of Education (cont’d)
Credential II:
 Country: PAKISTAN
 Credential: Master of Arts Degree (Second Class)
 Major / Specialization: Economics
 Institution Attended: University of the Punjab
 Length of Program: Two Years
 When Attended: 1997 – 1999
 Date Completed: June, 1999
 Date Certificate issued: February 23, 2004
 Awarded By: University of the Punjab
 Admission Requirement: Bachelor’s Degree
 Comments: This program may be considered for admission to graduate studies at
universities in the United States. The equivalency for this credential is
stated in combination with study previously completed (see #2, above).
 U.S. EQUIVALENCE: Bachelor’s Degree (Commerce, Economics)
Credential III:
 Country: PAKISTAN
 Credential: Master of Business Administration
 Major / Specialization: Finance & Accounting
 Institution Attended: Preston University
 Length of Program: Two Years
 When Attended: 1999 – 2001
 Date Awarded: October 15, 2001
 Awarded By: Preston University
 Admission Requirement: Bachelor’s Degree
 Comments: This program represents 6 years of postsecondary education and may
be considered for admission to further graduate studies at universities
in the United States.
 U.S. EQUIVALENCE: Master’s Degree in the field of Business Administration
 Status of Institution(s)
All institutions previously mentioned in this report are internationally recognized educational
institutions whose course credits and certificates are generally accepted by regionally accredited
institutions in the United States.

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ERES Reference No: 16-11-142
Evaluation with Course-by-Course Detail
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 Documentation
As evidence of the educational achievement described in this report, we were provided with
original official documents issued by the above institution(s). We have examined the
documentation carefully and have no reason to doubt its authenticity.
 Course List:
Exam Results in the above studies are converted to U.S. semester credits and grades.
 Accounting Related Subjects are listed in bold (A)  Business Related Subjects are listed in italics (B)
Exam Course Title
U.S.
Credits
U.S.
Grade
University of the Punjab (Bachelor’s Degree Program: 1993-1996)
Year One:
A Accounting 5.0 A
B Banking, Currency & finance 5.0 B
B Business Communication & Report Writing 5.0 A
B Business Mathematics & Statistics 5.0 A
B Economics 5.0 B
B Introduction to Business 5.0 B
Islamiyat/Ethics & Pakistan Studies 5.0 A
Year Two:
A Business Taxation 5.0 A
B Business Law 5.0 B
B Economics of Pakistan 5.0 C
A Fundamentals of Cost Accounting 5.0 A
A Advanced Accounting 5.0 A
A Auditing 5.0 B
Total U.S. Semester Credits: 65.0
 Total Accounting Credits: 25.0;  Total Business-Related Credits: 35.0
Bachelor of Commerce Degree: 1996
University of the Punjab (Master’s Degree Program: 1997-1999)
Year One:
1st
year Mark Sheet not provided (approximatively 30 units) 30.0 Pass
Year Two:
B Advanced Economics Theory 4.5 C
B Monetary Theory & Fiscal Policy 4.5 C
B International Economics 4.5 C
B Development Economics 4.5 C
B Economics Statistics 4.5 A
B Agricultural Economics 4.5 B
B Plan. & Economics Growth with S/ref. to Pakistan 4.5 C
Total U.S. Semester Credits: 61.5
 Total Accounting Credits: 0.0;  Total Business-Related Credits: 61.5
Master of Arts Degree: 1999
(Continued)

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Evaluation with Course-by-Course Detail
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 Course List (cont’d)
Exam Course Title
U.S.
Credits
U.S.
Grade
University of the Punjab (Bachelor’s Degree Program: 1999-2001)
First Semester:
B Principles of Marketing 3.0 A
B Principles of Management 3.0 A
A Financial Accounting 3.0 A
B Business Mathematics 3.0 A
Second Semester:
B Communications in Management 3.0 A
B Organization Behavior 3.0 A
B Financial Management 3.0 A
Business Software 3.0 B
Third Semester:
B Business Statistics 3.0 T
B Principles of Economics 3.0 B
B Financial Institutions 3.0 C
B Working Capital Management 3.0 A
Fourth Semester:
B Human Resource Management 3.0 A
A Cost Accounting-I 3.0 A
B International Management 3.0 A
A Managerial Accounting 3.0 A
Fifth Semester:
B Investment Management 3.0 A
B Banking Operations 3.0 A
B Advanced Financial Management 3.0 C
B Strategic Management 3.0 A
Sixth Semester:
Internship 6.0 Pass
Total U.S. Semester Credits: 66.0
 Total Accounting Credits: 9.0;  Total Business-Related Credits: 48.0
Master Business Administration Degree: 2001
 Credit Summary of All the Above:
Total U.S. Semester Credits for Academic Studies: 192.5
Academic Studies Include:  Total Accounting Credits: 34.0;  Total Business-Related Credits: 144.5

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ERES Reference No: 16-11-142
Evaluation with Course-by-Course Detail
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 Summary of U.S Equivalence
It is the judgment of Educational Records Evaluation Service that the above studies have the
equivalence of the following completed at regionally accredited institutions of higher education in
the United States:
• Bachelor’s Degree (Commerce, Economics);
• Master’s Degree in the field of Business Administration
Certified by: Approved by:
Celine Reese
International Education Specialist
This evaluation is advisory in nature and subject to the policies of the institution to which it is presented.
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References:
 A P.I.E.R. Workshop Report on South Asia: The Admission & Placement of Student from Bangladesh, India, Pakistan & Sri Lanka,
NAFSA, 1986
 The New Country Index, Making Sense of International Credentials, Volume 1, I.E.R.F., 2004
 International Handbook of Universities, 25th ed., International Association of Universities, 2012