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All you need to know about Bachelor in Accounting and Finance(BAF)

Updated on 01 August 2020
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Updated on 01 August 2020

All you need to know about Bachelor in Accounting and Finance(BAF)


Bachelor in Accounting and Finance (BAF) is a 3-year undergraduate course in the field of Commerce. This course was first started in the year 2003, by the University of Mumbai. The BAF course scope and popularity have been increasing yearly due to the increasing need for accountants and finance executives. The students who have a keen interest to be a future banker or a finance analyst should pursue this career. 


There are many students who love subjects like accounting, auditing, corporate finance, such students should take up this course.

There is a vast career opportunity in the field of accounting in recent years, as the startups and new companies are coming up there is always a demand for an accountant or a financial expert for their company, there this course is a never-dying course and career.


Eligibility:

  1. A student who has cleared 10+2 from recognized school and university with a minimum 50% score is eligible for this course.
  2. You need to have scored more than the minimum cut-off percentage of the college you are applying to.
  3. This minimal cut-off percentage score is completely dependent on the college or university.
  4. The eligibility criteria completely depend upon the cut off of the particular college you are opting for.


BAF Course Subjects:

BAF course is a 3-year undergraduate course with 6 semesters ie.two semesters each year. Let's look BAF course subjects of each semester:

First-year

Semester – I

  1. Financial Accounting- I (Elements of Financial Accounting)
  2. Cost Accounting- I (Introduction & Elements of Cost)
  3. Economics- I (Micro Economics)
  4. Commerce- I (Business Environment)
  5. Accounting with use of Accounting Software- I (Introduction & Applications) 
  6. Business Communication- I (Introduction & Principles)
  7. Foundation Course- I (Commercial Environment)


Semester – II

  1. Financial Accounting- II (Special Accounting Areas)
  2. Auditing- I (Introduction & Planning) 
  3. Financial Management- I (Introduction to Financial Management)
  4. Taxation- I (Indirect Taxes- I)
  5. Business Law- I (Business Regulatory Framework) 
  6. Quantitative Methods for Business- I 
  7. Business Communication- II (Application in Business)


Second Year

Semester – III

  1. Financial Accounting- III (Special Accounting Areas)
  2. Cost Accounting- II (Methods of Costing)
  3. Auditing- II (Technique of Auditing)
  4. Economics- II (Macro Economics) 
  5. Business Law- II (Company Law) 
  6. Management- I (Principles of Management)
  7. Quantitative Methods for Business – II    


Semester – IV

  1. Financial Accounting- IV (Special Accounting Areas)
  2. Management Accounting- I (Introduction to Management Accounting)
  3. Taxation- II (Indirect Taxes- II)
  4. Commerce- II (Financial Market Operations)
  5. Business Law- III (Industrial Regulatory Framework)
  6. Information Technology- II (Applications in Accounting & Finance)

Foundation Course- II (Value Education & Soft Skills)

The BAF Course subjects are quite advanced compared to other courses in the commerce field as this course is specifically designed for accounting interest.


Third Year 

Semester – V

  1. Financial Accounting- V (Corporate Accounting) 
  2. Cost Accounting- III (Methods and Accounting) 
  3. Financial Management- II 
  4. Taxation- III (Direct Taxes- I) 
  5. Management- II (Management Applications) 
  6. Auditing- III    


Semester – VI

  1. Financial Accounting- VII (Corporate Accounting) 
  2. Cost Accounting- IV (Techniques of Costing) 
  3. Financial Management- III 
  4. Taxation- IV (Direct Taxes- II) 
  5. Financial Accounting- VII   
  6. Economics- III (Indian Economy)a


Job Opportunities after BAF:

  1. Many students directly opt for MBA after their graduation as they find it is an apt time to do it.
  2. There are many students who pursue professional courses like CA, LLB, CS, or CFA.
  3. The increasing BAF course scope has made students opt for various jobs as Accounting Assistants, Financial Planners, Bankers, Portfolio Managers, Stock Brokers, Traders, Analysts.
  4. Students can also opt for an internship during their second year or third year.
  5. There are various apps that allow internships for the students who want to have an edge over other students who do not have one.
  6. The BAF course salary for the fresher is 3-7 lakh per annum
  7. The BAF course salary goes on increasing based on the experience and skills


Top BAF Course colleges in Mumbai:

  1. HR College of Commerce and Economics, Mumbai
  2. Jai Hind College, Mumbai
  3. NMIMS College of Commerce, Mumbai
  4. Mithibai College, Mumbai
  5. St Xavier College, Mumbai.
  6. RA Podar College, Mumbai.



The BAF course has an extensive scope of growth in the future, this course allows you to have an all-round knowledge in the field of finance. I highly recommend doing an internship in between this course as it will be very helpful while you get hired.

Because in today's world a degree without work experience or internship is of no use, so at least do one internship in a period of 3 years of this course.

If you are interested in doing a professional course it would be well and good.

I hope the above information about the BAF course is helpful and will guide you in making career decisions. Good Luck!

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