Updated September 21, 2022
BAF or Bachelor of Accounting and Finance is a 3-year undergraduate course for the individual who wishes to make a promising career in the corporate world. The jobs for such skilled graduates are expanding as various multinational companies are being established over time.
The B Com Accounting and Finance course is one of the most commonly chosen programs among commerce stream students. Essentially, a Bachelor of Accounting & Finance (B.com Accounting & Finance) is pursued after completing the 12th or equivalent examination.
The course comprises several fundamental facets of the concerning domain, which could have a significant role in making your career journey easy for Chartered Accountancy or Company Secretary. If you are interested in this BAF program, let’s get to know about it.
What is BAF Full Form?
The BAF full form is Bachelor of Accounting and Finance. It is an undergraduate program that emphasizes learning every technicality of Accounting and Finance subjects. The course helps individuals embark on a career journey toward prospering corporate.
What is BAF Course?
The BAF is the abbreviation of Bachelor of Accounting and Finance, referring to the study of accounting and finance subjects. Talking about the same, the Bachelor of Accounting and Finance (BAF) is basically three years undergraduate program.
Students who have a desire to make a career in the promising field of business and commerce may start with a BAF or Bachelor of Accounting course. In the following program, you will get into the enormous and quite essential papers like cost accounting, financial accounting, taxation paper, Auditing paper and several others.
While studying the BAF course, the participants will come up with several important aspects of the business, like how to summarize and analyze the reports related to business, learning every single bit of financial transactions and others.
In fact, the course prepares you for the more advanced and promising employment settings such as Public Stock exchanges, banks, Government Agencies, and others. To make you an eligible candidate for various vital employment opportunities, reputable universities will provide multiple learning techniques, including teachings, industrial visits, practical training, conferences, seminars, projects, expert talks, and so forth.
Who can Study Bachelor of Accounting and Finance?
The Bachelor of Accounting and Finance is an undergraduate-level professional certificate program which is studied after completing the intermediate examination. However, several other standard qualifications are needed for the course. Following eligibility criteria are some of the vital requirements for the BAF course:
BAF Eligibility Criteria
(a) Candidates should have obtained an intermediate or equivalent certificate from a science or commerce background.
(b) Students who have pursued 12th board must be from a recognized institute in India.
(c) In your 10+2 board examination, you must have secured at least 50% of aggregate grade points
(d) The reputable institute that provides admission to the students will primarily consider your intermediate or equivalent examination scorecard or qualifying entrance exam scorecard.
Students must know the length and breadth of requirements demanded by a recognized institute. For this, you must take a comprehensive look at the colleges that provide admission into the Bachelor of Accounting and Finance programme.
Popular BAF Entrance Exams
The qualifying entrance test is one of the ways to take up the BAF course. Students who wish to follow this path for the Bachelor of Accounting and Finance programme have several entrance exam options. However, there is no specific entrance test for this BAF programme.
The aspirants will have to take a look at the requirements demanded by the particular institute they are interested in. Here are some of the entrance examinations for the Bachelor of Accounting and Finance programme.
(a) IPU CET: It is a university-level entrance test conducted by Guru Gobind Singh Indraprastha University to provide admission into various undergraduate and postgraduate programmes. In addition to the BAF course, Bachelor of Commerce, Bachelor of Business Administration, Master of Business Administration, etc., are offered with a standard entrance test.
(b) VEE: VEE is a university-level shortlisting examination conducted for offering admission at the VELS Institute of Science, Technology and Advanced Studies (VISTAS). Several undergraduate and postgraduate can be studied by qualifying for this VEE entrance examination.
(c) NPAT: After qualifying NPAT entrance test, students can pursue several B-courses. It is one of the recognized entrance tests for getting admission into undergraduate and postgraduate courses. NMIMS NAPT screening test is conducted once every year.
(d) LPUNEST: It is a university-level entrance exam for admission in various undergraduate & postgraduate courses like management, law, engineering, fine arts, and others.
BAF Entrance Exam Pattern
There are several entrance exams for the BAF course, which individuals can take and pursue the program. But, it is crucial for the candidates to have knowledge of these BAF entrance tests. Talking about the same, the common elements of these BAF shortlisting examinations include the following:
(I) Question Type: The Bachelor of Accounting and Finance entrance exams are objective-based tests.
(II) Number of Sections: The examination paper generally consists of four to five sections, including general awareness, English, Analytical ability, and logical reasoning.
(III) Total Number of Questions: The question paper of the BAF Entrance examinations comprises a total of 120-150 questions.
What are the Advantages of Studying the BAF Course?
Studying a Bachelor of Accounting and Finance course has its own advantages. Talking about the same, the participants of the BAF course will learn will various fundamental skills which would have a significant role in making a progressive career in the future. Apart from skills and knowledge, it comprises other perks for the participants. Here are some of the benefits of studying Bachelor of Accounting and Finance professional certified programme:
(a) The basics of advanced studies in a diverse area of accounting and finance are included in this BAF course.
(b) The students having a longing desire to study accounting and financing technicalities may be a worthwhile option. Applicants will learn concepts & principles of taxation, accounting, Indian tax policy, GST, and others.
(c) The ability to handle business’s core aspect is provided under this curriculum.
(d) Upon pursuing this bachelor of Accounting and Finance program, individuals will all be set to study higher studies programs like MCom, MBA, FRM and various other programs.
(e) Upon completing the Bachelor of Accounting and Finance course, graduates will become eligible for several promising career opportunities wherein they could earn anywhere between RS 3.5 Lakhs to 8 lakhs per annum.
BAF Application Process
The process of filling in the application form for the different institutes may vary slightly. It totally depends on the institute’s rules and regulations. However, most of the procedures for applying for the application form are the same. The mentioned below are the generalized steps to getting admission into the BAF programme:
(a) The foremost step that comes while applying the application is registered. Students will have to register themselves on the official website of the institute they have chosen.
(b) You may need to provide details like email address, phone number, and your full name while registering.
(c) Candidates shall also require to create a strong, unique password and username for further processes.
(d) When you complete the registration process, you will have to jump to the other steps.
(e) With the login credentials, you must log in to your dashboard to complete filling out the application process. In this step, the participants may have to insert details, including your father’s name, your 12th scorecard, caste or residential certificate (if any case), and others.
(f) Applicants must double-check the info you have provided on the application form. If anyway authority finds a discrepancy, your application form will not be entertained.
(g) Once you have completed your filling in personal and education qualifications, you will need to pay the fees of the form.
(h) You will be provided with a link for the payment step. Upon clicking the link, it will redirect you to a page wherein you will have to choose the payment gateway and complete the payment process.
(i) When you pay the amount, you will get an acknowledgement receipt on your registered email address.
(j) You must keep this receipt safe and secure for future reference.
How to Get admission into BAF Process?
The aspirants would be admitted into the Bachelor of Accounting and Finance course either through qualifying for the entrance test or merit-based method. The aspiring students must check all the requirements of that particular institute in which they are going to join. Here is a step-by-step guide that will help you to apply for a Bachelor of Accounting and Finance course:
BAF Admission Process:
(a) Several reputed institutions are available, so you must research properly and choose the institution which suits your interest.
(b) Take a complete look at the requirements prescribed by that particular college. Some institute offers admission on the basis of entrance test and others on the basis of higher secondary education scorecard.
(c) After gathering all info about the institute, you can proceed to fill out the application form. If the institute offers admission on the basis of an entrance test, the candidate will have to qualify for the entrance exam. Otherwise, students will be offered admission based on an intermediate or equivalent examination scorecard.
(e) Students applying through the entrance exam: (a) Once the entrance examination gets completed, the authority will announce the list of selected candidates. If you are able to make it to the merit list, you will proceed to the further step.
(e) Students getting admission through HSC score: (i) You as an applicant should have secured excellent marks in your intermediate or equivalent examination.
(ii) In this process, the merit list of the candidates is made on the basis of the HSC score. If students are able to make their names on the list, they can get admission to your selected university.
(f) The very next in the journey of getting admission to the reputed Institute for BAF program is the counselling process. This is generally structured to assess participants’ critical thinking and communication skills. Therefore, candidates must prepare effectively for this round.
(g) While conducting the counselling process, you may have to produce all the essential documents to finally book your seat for the Bachelor of Accounting and Finance course.
Types of BAF Curricula
There are a number of students who are living in different situations and wish to study in the program. For such kinds of pupils, the regulating authority (UGC) has prescribed various kinds of methods for studying the BAF course. The mentioned below are the methods for the BAF programme:
Full-Time BAF Course: The full-time BAF is a regular course. Participants will have to make a physical appearance at the university daily. It is the most common way to study any programme at a reputable university.
Part-Time BAF Course: This type of program is generally opted by those individuals who wish to study the course along with commitment at work or home. Several recognized universities offer different courses in addition to the BAF program to aspiring students.
Online BAF Course: Online BAF course is not the conventional way of studying the program. But, now, the new generation of students prefer to explore any kind of programme through the online method. It saves unnecessary costs along with precious time.
BAF Distance Education Program: The students do also have the option to study BAF program through distance mode. Distance Learning mode has been rose to manifold after the pandemic. For this kind of mode of study, several are available in India, like IGNOU, TNOU and others.
What are BAF Syllabus & Subjects?
The Bachelor of Accounting and Finance course touches on all the essential subjects that have a significant role in producing proficient students. This thorough curriculum offers the fundamentals of accounting, taxation, management, and so forth.
More so, the program combines engaging teaching and learning approaches along with seminars, workshops, industrial visits, expert talks, and so on.
The course covers several topics, including Financial Accounting, management accounting, taxation, Business Law, Information Technology, and others. Let’s learn more about the syllabus and subjects of the Bachelor of Accounting and Finance program:
Particulars of Bachelor of Accounting & Finance Curriculum
|SEMESTER – 01||SEMESTER – 02|
|Economics-Micro Economics-Paper I||Financial Management-Paper I|
|Business Communication-Paper I||Quantitative Methods for Business-Paper|
|Commerce-Business Environment-Paper I||Taxation-Indirect Taxes-Paper I|
|Foundation Course-Commercial Environment-Paper I||Business Communication-Applications in Business-Paper II|
|Cost Accounting-Introduction and Element of Cost-Paper||Auditing-Introduction and Planning-Paper I|
|Accounting with Use of Accounting Softwares||Business Law-Business Regulatory Framework-Paper I|
|Financial Accounting-Elements of Financial Accounting-Paper I||Financial Accounting-Special Accounting Areas-Paper I|
|SEMESTER – 03||SEMESTER- 04|
|Economics Paper-II (Macro Economics)||Business Law Paper –III (Company Law)|
|Cost Accounting Paper –II (Methods of costing)||Taxation Paper-II (Indirect Taxes)|
|Financial Accounting Paper –III (Special Accounting Areas)||Financial Accounting Paper –IV (Special Accounting Areas)|
|Quantitative Methods for Business Paper –II||Foundation Course -II (Value Education and Soft Skill)|
|Auditing Paper-II (Techniques of Auditing and Audit Procedures)||Commerce Paper-II (Financial Market Operations)|
|Management Paper-II (Introduction to Management)||Information Technology Paper-II (Applications in Business)|
|Business Law Paper-II (Business Regulatory Framework)|
|SEMESTER – 05||SEMESTER – 06|
|Financial Accounting Paper – VI||Auditing Paper – IV|
|Taxation Paper – III: Direct Tax Paper – I||Taxation Paper IV: Direct Tax Paper – II|
|Financial Accounting – Paper – V||Financial Accounting Paper – VII|
|Cost Accounting Paper-III||Cost Accounting Paper – IV|
|Economics Paper – III: Indian Economy||Financial Accounting Paper – VIII|
|Management Accounting Paper – II: Financial Statement Analysis|
BAF Course Fees
Myriad of universities are available that offer Bachelor of Accounting and Finance courses, but those who are planning to study BAF program must once check the fee structure as it varies with University. The changes in the fee for the BAF programme course can be attributed to several parameters, which include but are not limited to the location of the college, infrastructure, faculty, if the school is public, private or non-profit, etc.
However, the average fee incurred by the students is somewhere from INR 12,000 to 2.5. Applicants must check the fee structure of the Bachelor of Accounting and Finance course, which the Institute is offering. Mentioned below are some colleges that charge different fees for the BAF programme:
|HR College||INR 18k p.a. (approx)|
|Shri Ram College of Commerce||INR INR 45000 p.a. (approx)|
|Jain University||INR 75k to 2.5 Lakh (approx)|
|H.A. College of Commerce||INR 70000-80000|
|Hindu College||INR 16000-18000|
|Teresian College||INR 60000|
BAF Course Scope
Upon completing a B.com Accounting and Finance course, you can explore diverse employment settings in & outside India. You, as a graduate, are qualified to work in a range of industries, including multinational & international organizations. Apart from being an Accounting Analyst & Financial Analyst, there are various promising and gratifying career opportunities. Mentioned below are some of the lucrative job profiles for graduates:
|Job profile||Annual Income|
|Financial Consultant||INR 7 LPA|
|Financial Risk Manager||INR 7.5 LPA|
|Revenue Agent||INR 4.3 LPA|
|Risk Analyst||INR 11.4 LPA|
|Tax Policy Analyst||INR 4.4 LPA|
|Accounting Analyst||INR 5.8 LPA|
|Personal Finance Consultant||INR 8.4 LPA|
|Financial Analyst||INR 5.5 LPA|
|Accountant||INR 3.8 LPA|
|Marketing Manager||INR 8.6 LPA|
|Sales & Marketing Executive||INR 8.2 LPA|
BAF Graduates Recruiters
|Goldman Sachs||Ernst & Young|
|Royal Bank of Scotland||HDFC|
|ICICI||Kotak Mahindra Bank|
Higher Studies after B.com Accounting and Finance
After from being roll into opting lucrative job profiles, the graduates do also have several options for higher studies. The below mentioned are some of the promising higher studies programmes:
(a) MBA in Finance
(c) M.Com in Finance
(d) MBA in Cost and Management Accounting
(e) M.Com in Accounting and Finance
(f) M.Com in Accounting and Taxation
(g) PGDip in Professional Accounting
Where to Study BAF Program?
There are several universities that provide a B.com Accounting and Finance across India. You may discover several reputable colleges offering the programme in several states, including Maharashtra, navy Mumbai, Delhi, Bangalore, & Hyderabad.
BAF Colleges in Mumbai
(a) KJS College
(b) HR College of Commerce
(c) St. Xavier’s College
BAF Colleges in Bangalore
(i) Christ University
(ii) Jain University
(iii) Mount Carmel College
BAF Colleges in Delhi
(i) Hans Raj College
(ii) The Hindu College
(iii) LSR College for Women
(iv) Shri Ram College of Commerce
BAF Colleges in Hyderabad
(i) Osmania University
(ii) The Indian Institute of Management and Commerce
(iii) St. Joseph Degree
(iv) PG College
Question Mostly Asked About BAF Course
Ans- BAF stands for B.Com Accounting & Finance. It is an undergraduate programme pursued after a higher secondary examination.
Ans- BAF after 12th is a 3-year undergraduate course that comprises subjects of Accounting, Market Systems, Financial Institutions, Banking, Management, and others.
Ans- Yes, Bachelor of Accounting and Finance is a popular course for individuals who have a long desire to study accounting and finance particulars.
Ans- The average starting salary of BAF graduates in India is around INR 3-10 Lakh per annum.
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