Bachelor of Accounting and Finance (BAF course) is a 3-year undergraduate degree that provides a deep experience in financial and accounting aspects by various means such as class teachings, workshops, ventures, practical experience, field trips, events, etc.
Candidates can learn about accounting, taxes, auditing, financial planning, financial accounting, taxation, managerial economics, corporate law, and related sectors through this course.
This is the course for you if you are interested in accounting and finance-related subjects. A BAF graduate’s day-to-day responsibilities include preparing a balance sheet, tracking the company’s transactions, and preparing financial statements.
Course Details
| Course Name | Bachelor of Accounting and Finance |
| Short Name | BAF course |
| Course Duration | 3-Years |
| Level | Undergraduate |
| Average Fees | INR 20,000 to INR 1 lakh per year |
| Selection Method | Merit/Entrance |
Eligibility Criteria
The Course needs the following requirements to fulfil the eligibility criteria for admissions-
- A minimum aggregate score of over 50 per cent.
- A 10+2 or equivalent standard of education with commerce stream.
- In case appeared for any entrance exam, candidates must attain the cut-off score as released by the exam conducting body.
Skills Required
- Communicational Skill
- Problem Solving
- Financial Skills
- Marketing Skills
- Computer Skills
- Leadership Skills
Admission Process for BAF
Admission to the BAF program is based on a merit system, which is determined by a candidate’s score of 10+2. Some universities implement entrance exams for admissions to BFA.
On Merit Base
- Candidates have to either apply offline or online for admission to the college or university they want to, with all their necessary documents needed at the time of admission (as mentioned in the college brochure).
- If they met the eligibility criteria, they will be provided with a seat for the BAF course in the college.
On Entrance Base
- Candidates have to register themselves for the entrance exam by submitting the required documents and must obtain an admit card to appear in the examination hall.
- After appearing for the entrance exam, a candidate must score minimum cut-off marks.
- Then they have to appear for a counselling round in which they will be provided seats in colleges based on their cut-off marks.
- After successfully getting a seat, candidates must submit their documents to the college they get admitted to.
BAF Syllabus for BAF Course
First Year
- Financial accounting 1
- Financial accounting 2
- Microeconomics
- Business environment
- Information technology (accounting software) 1
- Business Methods 1
- Business law 1
- Auditing 1
- Business communication 1
- Business communication 2
Second Year
- Elements of Cost accounting 1
- Commerce
- Quantitative methods for business 2
- Cost accounting 2
- Auditing 2
- Foundation course
- Elements of Financial accounting 3
- Information technology 2
- Financial accounting 4
Third Year
- Economics 4
- Taxation 3
- Risk management
- Elements of Financial accounting 5
- Managerial Economics
- Organizational Behavior
- Auditing 3
- Cost Accounting
- Foundation course
Courses After BAF Course
- M.Com (Finance)
- MBA (Finance)
- Masters in Accounting and Taxation
- MBA in Cost and Management Accounting
- Master of Financial Management (MFM)
- Chartered Accountancy (CA)
- Company Secretary (CS)
Career, Scope and Salary
BAF’s reach is very broad and comprehensive. It is a specialised course in accounting and finance, so students would have a benefit if there are any work openings in accounting firms. In comparison to other self-financed courses, the average pay is also very good. It also depends on the organisation that is employing.
Candidates can select from a variety of career opportunities after completing the BAF course. Candidates who are interested in continuing their education can pursue an MBA in Finance, which is among the most popular options after graduating with BAF.
Salary packages vary depending on job titles and relevant experience. A fresher’s starting salary is between INR 3 lakh to 4 lakh per annum. The following are some of the most common occupations for BAF graduates.
- Financial Analyst
- Accountant
- Marketing Manager
- Financial Manager
- Accounts Assistant
- Billing Data Analyst
These days, companies are also providing internships for students to better learn the course and prepare for jobs, making it much easier to pursue a career in Bachelor of Accounting and Finance.
After BAF, candidates may seek a variety of other career opportunities like Chartered Accountant ( CA), Company Secretary ( CS) and Chartered Financial Analyst (CFA).
Top BAF Colleges
- Government Autonomous College, Kalahandi
- Birla Institute Of Liberal Arts and Management Science, BILAMS, Kolkata
- H.R. College of Commerce and Economics, Mumbai
- Hindu College, Delhi
- Madras Christian College, Chennai
- Bangalore University, Bangalore
BAF Course – FAQs
Although science students can pursue BAF course, it might be difficult for them to deal with the new field as they haven’t studied commerce related subjects like Accounts, Business, Economics etc. in their 12th standard, which are the building blocks of any commerce degree course.
It consists of accounting and taxation, which requires basic mathematic skills like addition, subtraction, division and multiplication. It doesn’t require scientific level mathematics like Trigonometry, Differentiation, or Integration.
