With specialization being the need of the hour, BAF is a course picking-up heat but what exactly is BAF?
BAF/B. Com (A&F) i.e. Bachelor of Accounting and Finance/ Bachelor of Commerce in Accounting and Finance is an under-graduate program which was introduced by the University of Mumbai in the year 2003-04. It is a 3-year self-financing degree course spread across six semesters i.e. two semesters a year, focusing on the domains of Accounting and Finance. It also provides opportunities to gain a broader insight into the financial aspects of Business and Management.
The objective of introducing this course was to enable self-employment and provide skilled professionals in the field of Accounting & Finance to organizations. A blend of Interaction, Presentations, Projects, Industrial Visits and Practical Training is used to build the skillset of BAF students to enable them to produce innovative solutions to problems, apply research skills to business challenges and communicate effectively. BAF will aid you in the process of acquiring knowledge in the areas of Financial Accounting, Cost Accounting, Auditing, Taxation, Economics, Business Law, Business Communications and IT.
This is how the semesters generally look:
First Year
Semester – I
- Financial Accounting- I (Elements of Financial Accounting)
- Cost Accounting- I (Introduction & Elements of Cost)
- Economics- I (Micro Economics)
- Commerce- I (Business Environment)
- Accounting with use of Accounting Software- I (Introduction & Applications)
- Business Communication- I (Introduction & Principles)
- Foundation Course- I (Commercial Environment)
Semester – II
- Financial Accounting- II (Special Accounting Areas)
- Auditing- I (Introduction & Planning)
- Financial Management- I (Introduction to Financial Management)
- Taxation- I (Indirect Taxes- I)
- Business Law- I (Business Regulatory Framework)
- Quantitative Methods for Business- I
- Business Communication- II (Application in Business)
Second Year
Semester – III
- Financial Accounting- III (Special Accounting Areas)
- Cost Accounting- II (Methods of Costing)
- Auditing- II (Technique of Auditing)
- Economics- II (Macro Economics)
- Business Law- II (Company Law)
- Management- I (Principles of Management)
- Quantitative Methods for Business – II
Semester – IV
- Financial Accounting- IV (Special Accounting Areas)
- Management Accounting- I (Introduction to Management Accounting)
- Taxation- II (Indirect Taxes- II)
- Commerce- II (Financial Market Operations)
- Business Law- III (Industrial Regulatory Framework)
- Information Technology- II (Applications in Accounting & Finance)
- Foundation Course- II (Value Education & Soft Skills)
Third Year
Semester – V
- Financial Accounting- V (Corporate Accounting)
- Cost Accounting- III (Methods and Accounting)
- Financial Management- II
- Taxation- III (Direct Taxes- I)
- Management- II (Management Applications)
- Auditing- III
Semester – VI
- Financial Accounting- VII (Corporate Accounting)
- Cost Accounting- IV (Techniques of Costing)
- Financial Management- III
- Taxation- IV (Direct Taxes- II)
- Financial Accounting- VII
- Economics- III (Indian Economy)
*All subjects in all terms are compulsory. The subjects are subject to change depending upon the university that one is a part of but the general outlook stays the same.
Eligibility:
To be eligible for admission to BAF, the candidate must have passed the Higher Secondary School Certificate (10+2) examination conducted by different Divisional Boards of Maharashtra State Board of Secondary and Higher Secondary Education or its equivalent and secured not less than 45% marks in aggregate at first attempt (40% in the case of reserved category students).
Scope:
Education is one of the most crucial steps to making an individual employment ready. The end goal with a degree is often to become work-ready. It is a measure of an individual’s ability to be focused and dedicated at becoming well-equipped in the discipline that suits his/her liking. This leads us to the question about the real-world application of BAF and employment opportunities.
The scope of BAF is quite extensive and exhaustive. It ranges across various fields and can be a great starting point for an individual with aspirations of becoming a CXO level officer.
The following are some key fields where BAF Graduates are generally employed:
- Banking / Auditing
- Chartered Accountancy (CA)
- Actuarial Science
- Taxation
- Accountancy
- Financial Planning
- Financial Analysis
Top Colleges for BAF:
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- Mithibai College, Vile Parle West, Mumbai
- Kishinchand Chellaram College, Churchgate, Mumbai
- H R College of Commerce & Economics, Churchgate, Mumbai
- Birla Institute of Liberal Arts and Management Sciences, Kolkata
- Smt. MMK College of Commerce & Economics, Bandra, Mumbai
- K P B Hinduja College of Commerce, Charni Road, Mumbai
- Nagindas Khandwala College of Commerce, Malad West, Mumbai
- Bunts Sangha’s S.M. Shetty College of Science, Commerce and Management Studies, Powai, Mumbai
- Shaheed Sukhdev College of Business Studies, New Delhi
- Ghanshyamdas Saraf College of Arts and Commerce, Malad West, Mumbai
- Patkar College, Goregaon West, Mumbai3
- Vivekanand Education Society’s College, Chembur East, Mumbai
- Prahladrai Dalmia, Lions College of Commerce and Economics. Malad West, Mumbai
- Tolani College of Commerce, Andheri East, Mumbai
- Shri Chinai College of Commerce & Economics, Andheri East, Mumbai
Fee Structure:
The fee for Bachelor of Accounting & Finance (BAF) is approximately Rs.30, 000/anum and may vary according to the institution.
BAF is an up and coming course which is soon to hit the mainstream radar. It’s a niche area of study which is recommended to the students who are focused about a career in Accounting & Finance. According to a 2018 report, BAF admissions shot-up by more than 50% in the last year. This number is just a pre-cursor to the wide-acceptance and buzz that this niche course will get in the coming years.
