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BAF: Course Details, Admission Process, 2024 Syllabus, Colleges

The full form of BAF is Bachelor of Accountancy and Finance, a 3-year undergraduate program focused on specialized knowledge in accounting and finance. It covers areas such as taxation, auditing, financial management, risk management, and managerial economics.

To be eligible for BAF, applicants typically need a minimum aggregate of 50% in their class 12th exams, regardless of their discipline. Admission to BAF programs is usually based on merit or through entrance exams. Some popular entrance exams for BAF include NMIMS NMAT, IPU CET, LPU NEST, CUET, SET, among others. The average fee for BAF programs ranges from INR 11,000 to 1,50,000 for the entire duration.

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Individuals completing BAF can pursue careers as Financial Analysts, Accounting Analysts, Tax Consultants, Financial Risk Managers, Marketing Managers, Risk Analysts, and more. The average salary for BAF graduates typically falls between INR 3,00,000 to 11,00,000.

BAF What It Stands For, Course Details, Admission Process, 2024 Syllabus, Colleges

BAF Course Details

DegreeUndergraduate
Full FormBachelor of Accountancy and Finance
Duration3 years
Minimum EligibilityCandidates must have completed class 12th from a recognized board with minimum aggregate of 50% or above
Average FeesINR 20,000 – 1,50,000
Average SalaryINR 3.50 L – 8.10 LPA
Employment RolesAccountant, Tax Policy Analyst, Revenue Agent, Financial Risk Manager, Financial Consultant, Marketing Manager, Risk Analyst, etc.
Top RecruitersAccenture, Infosys, Wipro, HDFC Bank, Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), etc.

BAF: Process for Admission

Admission to BAF Programs
Admission to BAF programs primarily occurs through both Entrance and Merit-based processes. Candidates should carefully review the eligibility criteria, including qualifications and minimum percentage requirements. They need to complete the application form with personal details, educational qualifications, and contact information. Along with the form, candidates must submit necessary documents and pay the prescribed fees.
Entrance Exams
The admission process often involves entrance exams. Popular entrance exams for BAF include NMIMS NMAT, DU JAT, IPU CET, LPU NEST, CUET, SET, among others. Once candidates clear the entrance exam, they await the release of the merit list by colleges. Subsequently, counseling sessions are conducted according to each institution’s guidelines.
Eligibility Criteria
CriteriaDetails
Completion of class 12th or equivalent examsFrom a recognized Indian board
Minimum Score50% or higher for Bachelor of Accountancy and Finance admission
Entrance Exam ClearanceSuccessful clearance of the entrance exam, as some colleges also consider merit
Specific SubjectsSome institutes may mandate subjects such as Mathematics, Economics, or Accounts
Age RequirementApplicants should be between 17 to 25 years of age

Syllabus for BAF

(BAF) program, divided into 6 semesters. The curriculum covers various aspects such as accountancy, finance, taxation, risk management, etc. It includes both core and elective subjects.

Semester I

Entrance ExamsApplication DateExam Date
NMIMS NPATDecember 06, 2023 - May 20, 2024January 1, 2024 to May 25, 2024
IPU CETFebruary 1, 2024 - April 10, 2024 (Extended)April 27 – May 14, 2024
SETLast Week of January, 2024 - 3rd Week of April, 2024
SubjectSubject
Foundational Cost Accounting-IBusiness Communication-II
Business EnvironmentSpecial Accounting Areas- I
Micro-EconomicsFinancial Accounting-II
Foundation Course-IBusiness Regulatory Framework- I
Financial Accounting-IIndirect Taxation-I
Business Communication-IQuantitative Methods for Business-I

Semester II

SubjectSubject
Macro EconomicsSpecial Accounting Areas-III
Methods of Cost Accounting-IIFinancial Market Operations
Techniques of Auditing and Audit ProceduresInformation Technology Application in Business
Special Accounting Areas-IIIndirect Taxation-II
Business Regulatory Framework-IIFoundation Course -II (Value Education and Soft Skill)
Introduction to ManagementCompany Law
Quantitative Methods for Business-IIFinancial Accounting-IV

Semester III

SubjectSubject
Financial Accounting -VFinancial Accounting -VII
Cost Accounting-IIICost Accounting – IV
Financial Statement AnalysisFinancial Accounting – VIII
Direct & Indirect Taxation – IIIDirect & Indirect Taxation- IV
Indian Economy SystemElective-II
Project WorkInternship/Project Work-II
Financial Accounting-VI
Elective-I

Bachelor of Accounting and Finance (BAF) Program: Syllabus and Course Structure

ParametersShri Ram College of CommerceGujarat UniversityMansarovar Group of Institutions
About the CollegeSRCC is affiliated to Delhi University, established in 1926, located in Delhi, and holds a NIRF ranking of 11th in 2023.Gujarat University was established in 1949 and holds a NIRF ranking of 61st in 2023.Mansarovar Group of Institutions is located in Madhya Pradesh and was established in 2018.
Entrance based/Merit BasedEntrance basedEntrance BasedEntrance Based
Average FeesINR 45,000INR 5000INR 50,000
Average PlacementINR 4,80,000INR 3,50,000INR 6,00,000
Employment AreasAccounting, Banking, Taxation, Financial ManagementSebi, Accounting & Finance, Banking Management, Real Estate, AccountancyReal Estate, E-commerce, International Financial Organization, Bank

Comparison of BAF Course Fees in Top Colleges

Name of the CollegeAverage Annual Fees (INR)
Shri Ram College of Commerce45,000
Narsee Monjee College of Commerce and Economics11,000
Gujarat University5,000
H.B. Institute of Communication and Management70,000
H.A College of Commerce70,000
Hindu College16,750
Stella Maris College92,000
Mansarovar Group of Institutions50,000
St. Aloysius Evening College40,000
Teresian College60,000

Comparing BAF and BCom Courses

Comparing BAF and BCom Courses
ParametersBFAB.Com
DescriptionBAF, also known as Bachelor of Accountancy and Finance, specializes in fields such as taxation, accounting, finance, and management.B.Com, also known as Bachelor of Commerce, focuses on various aspects of business and management.
Duration3 Years3 Years
Job RolesAuditing, Financial Management, Taxation, Consulting, etc.Accounting, Banking, Management, Finance, Marketing, etc.
Average FeesINR 11,000 – 1,50,000INR 3,000 – 80,000
Future CoursesMBA Finance, MBA Cost and Management Accounting, FRM, etc.Master in Business Administration, Finance, Economics, Management, etc.
Comparing BAF with BBA and BMS Courses
ParametersBachelor of Accountancy and Finance (BAF)Bachelor of Business Administration (BBA)Bachelor of Management Studies (BMS)
Full FormBachelor of Accountancy and FinanceBachelor of Business AdministrationBachelor of Management Studies
Duration3 Years3 Years3 Years
Job RolesAuditing, Financial Management, Taxation, Consulting, etc.Financial Management, Human Resource Management, Marketing, Operations ManagementHuman Resource, Marketing Manager, Quality Manager, Assistant Manager
Average FeesINR 11,000 – 1,50,000INR 40,000 – 3,00,000INR 1,00,000 – 2,00,000
Future CoursesMBA Finance, MBA Cost and Management Accounting, FRM, etc.MBA, PGDM, Masters in Finance Management, etc.M.Com, MMS, Master of Management, PGDM in Management, etc.

BAF Scope and BAF Jobs and Salary

Career Opportunities
  • After completing the BAF course, individuals can secure employment in various sectors including Auditing, Taxation, Risk Management, Accounting, Finance, etc.
  • Top companies like KPMG, Deloitte, PWC, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, Goldman Sachs, Wipro, Ernst & Young, among others, offer opportunities.
  • Job roles available include Financial Analyst, Accounting Analyst, Tax Consultant, Financial Risk Manager, Marketing Manager, Risk Analyst, and more.
  • Opportunities exist in both private and public sectors.
Courses after BAF
  • There are numerous post-graduate options for BAF graduates, such as MBA in Finance, MBA in Cost and Management Accounting, M.Com in Accounting and Finance, M.Com in Accounting and Taxation, and M.Com in Finance.
  • Professional courses like Certified Management Accounting (CMA), Chartered Accountant (CA), Company Secretary (CS), Chartered Financial Analyst (CFA), etc., are also available.
BAF Jobs and Salary
  • BAF graduates have a diverse range of job opportunities in fields like Auditing, Risk Management, Taxation, Revenue, Accounting, Management, etc.
  • Top recruiters include KPMG, Deloitte, PWC, Accenture, Oracle, Gartner, SBI, NABARD, PNB, CBI, Goldman Sachs, Wipro, Ernst & Young, HDFC, and more.
  • The average salary for BAF graduates ranges from INR 3,50,000 to 15,40,000 per annum.
JobsAverage Salary
Financial AnalystINR 5,50,000
Accounting AnalystINR 5,80,000
Finance ConsultantINR 8,40,000
Tax Policy ConsultantINR 4,40,000
AccountantINR 3,80,000
Financial Risk ManagerINR 6,20,000
Marketing ManagerINR 8,60,000
Revenue AgentINR 4,30,000
Risk AnalystINR 11,10,000
Sales & Marketing ExecutiveINR 8,20,000

Skills Needed for Pursuing BAF

Skills Required To Pursue BAF

The Bachelor of Accountancy and Finance (BAF) program relies heavily on mathematics, particularly algebra and statistics. Proficiency in numbers and calculations is crucial for understanding financial concepts and analyzing data.

A strong set of analytical skills is essential for breaking down complex financial information, identifying patterns, and making sound decisions. Having the ability to analyze data effectively is crucial for addressing financial challenges.

Attention to detail is highly valued in the field of accounting and finance, as accuracy is paramount. Being meticulous with small details helps minimize errors when working with numbers and managing financial transactions.

BAF graduates may need to communicate financial concepts to clients or colleagues, so effective oral and written communication skills are vital. The ability to convey information clearly and concisely is essential.

Computer proficiency is another important skill set, with knowledge of spreadsheet programs like MS Excel and familiarity with accounting software being common requirements. Understanding tools for financial modeling can also be advantageous.

In addition to these core skills, a genuine enthusiasm for business, finance, and the dynamic nature of the economy can enhance one’s education in a BAF program.

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