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](https://studflare.com/wp-content/uploads/2024/04/BAF-What-It-Stands-For-Course-Details-Admission-Process-2024-Syllabus-Colleges.png)
BAF Course Details
Degree | Undergraduate |
---|---|
Full Form | Bachelor of Accountancy and Finance |
Duration | 3 years |
Minimum Eligibility | Candidates must have completed class 12th from a recognized board with minimum aggregate of 50% or above |
Average Fees | INR 20,000 – 1,50,000 |
Average Salary | INR 3.50 L – 8.10 LPA |
Employment Roles | Accountant, Tax Policy Analyst, Revenue Agent, Financial Risk Manager, Financial Consultant, Marketing Manager, Risk Analyst, etc. |
Top Recruiters | Accenture, Infosys, Wipro, HDFC Bank, Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), etc. |
BAF: Process for Admission
Admission to BAF Programs | |
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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 | |
Criteria | Details |
Completion of class 12th or equivalent exams | From a recognized Indian board |
Minimum Score | 50% or higher for Bachelor of Accountancy and Finance admission |
Entrance Exam Clearance | Successful clearance of the entrance exam, as some colleges also consider merit |
Specific Subjects | Some institutes may mandate subjects such as Mathematics, Economics, or Accounts |
Age Requirement | Applicants should be between 17 to 25 years of age |
Entrance Exams | Application Date | Exam Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NMIMS NPAT | December 06, 2023 - May 20, 2024 | January 1, 2024 to May 25, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IPU CET | February 1, 2024 - April 10, 2024 (Extended) | April 27 – May 14, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SET | Last Week of January, 2024 - 3rd Week of April, 2024 |
Subject | Subject |
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Foundational Cost Accounting-I | Business Communication-II |
Business Environment | Special Accounting Areas- I |
Micro-Economics | Financial Accounting-II |
Foundation Course-I | Business Regulatory Framework- I |
Financial Accounting-I | Indirect Taxation-I |
Business Communication-I | Quantitative Methods for Business-I |
Semester II
Subject | Subject |
---|---|
Macro Economics | Special Accounting Areas-III |
Methods of Cost Accounting-II | Financial Market Operations |
Techniques of Auditing and Audit Procedures | Information Technology Application in Business |
Special Accounting Areas-II | Indirect Taxation-II |
Business Regulatory Framework-II | Foundation Course -II (Value Education and Soft Skill) |
Introduction to Management | Company Law |
Quantitative Methods for Business-II | Financial Accounting-IV |
Semester III
Subject | Subject |
---|---|
Financial Accounting -V | Financial Accounting -VII |
Cost Accounting-III | Cost Accounting – IV |
Financial Statement Analysis | Financial Accounting – VIII |
Direct & Indirect Taxation – III | Direct & Indirect Taxation- IV |
Indian Economy System | Elective-II |
Project Work | Internship/Project Work-II |
Financial Accounting-VI | |
Elective-I |
Bachelor of Accounting and Finance (BAF) Program: Syllabus and Course Structure
Parameters | Shri Ram College of Commerce | Gujarat University | Mansarovar Group of Institutions |
---|---|---|---|
About the College | SRCC 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 Based | Entrance based | Entrance Based | Entrance Based |
Average Fees | INR 45,000 | INR 5000 | INR 50,000 |
Average Placement | INR 4,80,000 | INR 3,50,000 | INR 6,00,000 |
Employment Areas | Accounting, Banking, Taxation, Financial Management | Sebi, Accounting & Finance, Banking Management, Real Estate, Accountancy | Real Estate, E-commerce, International Financial Organization, Bank |
Comparison of BAF Course Fees in Top Colleges
Name of the College | Average Annual Fees (INR) |
---|---|
Shri Ram College of Commerce | 45,000 |
Narsee Monjee College of Commerce and Economics | 11,000 |
Gujarat University | 5,000 |
H.B. Institute of Communication and Management | 70,000 |
H.A College of Commerce | 70,000 |
Hindu College | 16,750 |
Stella Maris College | 92,000 |
Mansarovar Group of Institutions | 50,000 |
St. Aloysius Evening College | 40,000 |
Teresian College | 60,000 |
Comparing BAF and BCom Courses
Comparing BAF and BCom Courses
Parameters | BFA | B.Com |
---|---|---|
Description | BAF, 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. |
Duration | 3 Years | 3 Years |
Job Roles | Auditing, Financial Management, Taxation, Consulting, etc. | Accounting, Banking, Management, Finance, Marketing, etc. |
Average Fees | INR 11,000 – 1,50,000 | INR 3,000 – 80,000 |
Future Courses | MBA Finance, MBA Cost and Management Accounting, FRM, etc. | Master in Business Administration, Finance, Economics, Management, etc. |
Comparing BAF with BBA and BMS Courses
Parameters | Bachelor of Accountancy and Finance (BAF) | Bachelor of Business Administration (BBA) | Bachelor of Management Studies (BMS) |
---|---|---|---|
Full Form | Bachelor of Accountancy and Finance | Bachelor of Business Administration | Bachelor of Management Studies |
Duration | 3 Years | 3 Years | 3 Years |
Job Roles | Auditing, Financial Management, Taxation, Consulting, etc. | Financial Management, Human Resource Management, Marketing, Operations Management | Human Resource, Marketing Manager, Quality Manager, Assistant Manager |
Average Fees | INR 11,000 – 1,50,000 | INR 40,000 – 3,00,000 | INR 1,00,000 – 2,00,000 |
Future Courses | MBA 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 |
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Courses after BAF |
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BAF Jobs and Salary |
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Jobs | Average Salary |
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Financial Analyst | INR 5,50,000 |
Accounting Analyst | INR 5,80,000 |
Finance Consultant | INR 8,40,000 |
Tax Policy Consultant | INR 4,40,000 |
Accountant | INR 3,80,000 |
Financial Risk Manager | INR 6,20,000 |
Marketing Manager | INR 8,60,000 |
Revenue Agent | INR 4,30,000 |
Risk Analyst | INR 11,10,000 |
Sales & Marketing Executive | INR 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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