Bachelor’s in Finance and Accounting (BAF) Course

Bachelor’s in Finance and Accounting (BAF) Course

The demand for new financial products and services increases with the country's economic growth. And it opens a lot of jobs opportunities in the finance sector. However, you need to have financial skills to take advantage of these opportunities. Though there are many courses for finance available in India these days, Bachelor of Accounting and Finance (BAF) is one of the best courses designed for people who passed 10+2 from a government recognised board. BAF is different from general B.Com and is a better choice for people who look forward to making their career in Accounting & Finance in the international market. Today, the BAF course is available in many Indian and foreign universities.

What is BAF Course?

BAF Full Form: Bachelor of Accounting and Finance, and it's a three-year undergraduate programme. It gives comprehensive training to students in Accounting and Finance. Usually, this full-time course includes interactions, presentations, case studies, projects, seminars, workshops, practical training, job orientation, and placement.

BAF Course Details

Course Level

Undergraduate

No. of Years

3 full time (Divided into six semesters)

Minimum Qualification

10 + 2

Minimum Percentage

Usually 55-60% (Varies from college to college)

Selection Process

Merit/ Entrance test

Course Fees

Varies from college to college

Average Starting Salary

Rs.3 – 10 lakh

 

BAF Course Syllabus & Subjects

BAF course focuses on Financial Accounting, Cost Accounting, Taxation, Economics, etc., along with many other subjects. However, there may be a slight variation in subjects taught under this course from university to university; most of the common topics taught in the regular curriculum of BAF are

Semester - I

Semester - II

  1. Foundation Course - I
  2. Commerce - I: Business Environment & Entrepreneurship
  3. Business Communications - I
  4. Quantitative Methods - I
  5. Financial Accounting - I
  6. Cost Accounting – I
  7. Indian Accounting Standards & IFRS
  1. Foundation Course – II
  2. Commerce – II: Business Organisation & Management
  3. Business Communications – II
  4. Quantitative Methods – II
  5. Financial Accounting – II
  6. Cost Accounting – II
  7. Financial Management - I

Semester - III

Semester - IV

  1. Business Law
  2. Financial Accounting – III
  3. Information Technology in Accounting & Finance - I
  4. E-commerce
  5. Indirect Taxation (GST)
  6. Equity Investment – I
  7. Corporate Finance – I
  1. Business Research Methods
  2. Information Technology in Accounting & Finance - II
  3. Auditing & Ethics in Accounting & Finance
  4. Management Accounting
  5. Equity Investment – II
  6. Corporate Accounting – I
  7. Business Economics

Semester - V

Semester - VI

  1. Corporate Accounting – II
  2. Direct Tax
  3. Financial Reporting & Analysis
  4. Securities Analysis & Portfolio Management
  5. Elective
  6. Project Work
  1. Financial Accounting – III
  2. International Taxation
  3. Alternative Investment
  4. Enterprise Risk Management
  5. Strategic Management
  6. Project Work

Apart from this, most universities have extracurriculars in their syllabus. And it includes as

  • Workshops for skill enhancement, communication betterment, personality development, and stress management.
  • Intercollege festivals that ensure the holistic development of students
  • Several clubs/ societies in which students can join to boost personal growth and hobbies

Besides, Summer Internship Programme is mandatory for the students of the BAF course. It helps them to have exposure to working in the industry.

Top Colleges & Universities Offering BAF Courses in Abroad

  • Massey University, New Zealand: The three-year undergraduate course in Accounting & Finance from Massey University, New Zealand, is available to international students in part-time or full-time. Upon completing the course, students will join various professional accounting organisations.
  • Nanyang Technological University, Singapore: Three-year full-time programme from Nanyang Technological University will make you eligible for different job profiles in accounting firms. The core course curriculum includes accounting, business law, statistics & analysis, financial management, marketing, strategic management, etc.
  • London School of Economics & Political Science, UK: The three-year undergraduate programme, BSc Accounting & Finance, from the London School of Economics & Political Science, focuses on accounting and finance. Yet it's fundamentally connected with other core social science disciplines and practically related to the social sciences through optional courses and LSE100.
  • The University of Limerick, Ireland: B.A. in Law and Accounting from the University of Limerick is a four-year undergraduate course that focuses on various aspects of accounting, finance & economics, risk management, insurance, and several other subjects.
  • Dublin City University, Ireland: Undergraduate programme in Accounting & Finance from Dublin City University primarily focuses on three main areas, and they are accounting, finance, and business. Apart from this, students need to learn one European language as part of this course.
  • Australian National University, Australia: The three-year UG programme offered by the Australian National University is one of the best choices among international options. After completing this course, the employment opportunities available include Financial Manager, Corporate Treasurer, Financial Dealer, Operations Manager, etc.

Eligibility Criteria for BAF Course: Abroad

Aspirants who look forward to doing their BAF course out of India should also pass the 10+2 exams. The minimum qualification mark varies from college to college and country to country. Candidates who wish to take admission abroad for a BAF course should also produce a valid IELTS/ TOEFL/ PTE score to prove their English proficiency.

Additionally, candidates need to submit SOP (Statement of Purpose) and LOR (Letter of Recommendation) along with their applications.

Top Colleges & Universities Offering BAF Courses in India

  • Narsee Monjee College of Commerce & Economics, Mumbai
  • Jai Hind College, Mumbai
  • Mithibai College, Mumbai
  • Kishinchand Chellaram College, Mumbai
  • Christ University, Bangalore
  • H.R. College of Commerce & Economics, Mumbai
  • Stella Maris College, Chennai
  • Smt. MMK College of Commerce and Economics, Mumbai
  • Sanpada College of Commerce and Technology, Navi Mumbai
  • Rizvi College of Arts, Science and Commerce, Mumbai
  • Maharishi Dayanand College of Arts, Science and Commerce, Mumbai
  • Loyola College, Chennai
  • Madras Christian College, Chennai

BAF Course Fees in India

Different universities have different fees structures for their BAF course. However, most big names charge around an INR 2.53 Lakh for 3 years. When it comes to doing the BAF course, it's wise to go for a reputed university rather than going behind lower fees. It'll help students in their career path.

Eligibility Criteria for BAF Course: India

Basic eligibility for admission in the BAF course is 10+2 from a government recognised board with a minimum of 55. While in a few universities, the minimum percentage for eligibility is 60. Apart from this, most universities conduct an entrance exam and personal interview for selecting students for their BAF course. Though no college emphasises any previous background in accounting, it's an add-on if you have that.

BAF Course Scope

A BAF graduate can pursue a career in the following areas:

Job Title

Average Annual Salary (In Rs. Lakh)

Financial Analyst

5.5

Accounting Analyst

5.9

Personal Finance Consultant

9.2

Tax Policy Analyst

4.3

Accountant

3.8

Risk Analyst

11.3

Financial Risk Manager

7.7

Marketing Manager

8.8

Financial Consultant

7.0

Sales & Marketing Executive

8.0

Revenue Agent

4.5


In addition to this, a BAF graduate can pursue the following career with additional qualifications:

  • Chartered Accountant (CA)
  • Chartered Financial Analyst (CFA)
  • Company Secretary (CS)

Courses After BAF

After the successful completion of the programme, a BAF graduate is eligible to get admission in the following courses:

  • MBA in Finance: A 2-year in-depth course in finance that prepares candidates for various managerial posts in finance.
  • M. Com in Finance & Accounting: A 4-semester course, usually full time, designed to develop and enhance the professional skills and competencies of the candidates. It also gives students training in different aspects of businesses.
  • PG Diploma in Professional Accounting: Usually a one-year course that candidates can do either full-time or part-time. It prepares students for international markets and trains them to become financial information specialists with the skills and proficiency to inform business decision making within a broad spectrum of organisations.
  • MBA in Cost & Management Accounting: MBA in Cost & Management Accounting offers in-depth knowledge in costing, pricing of goods, taxation, etc. This course helps the candidates understand the exact cost of every product and service at different stages.
  • Masters in Financial Management (MFM): MFM is a two-year post-graduate programme that focuses on developing financial management skills in students. MFM teaches candidates about finance such as project planning, corporate planning, economic analysis, marketing analysis, management services, internal audit, management audit, etc.
  • Financial Risk Manager Programme (FRM): FRM is a certificate course conducted by the Global Association of Risk Professionals (GARP), USA. It has two levels, and on successful completion, the candidates will get career opportunities in risk management, financial modelling, etc.
  • Chartered Accountant (CA): Conducted by the Institute of Chartered Accountants of India (ICAI), CA, is one of India's most reputed courses in finance. To become a Chartered Accountant, the candidate must clear three levels - Foundation, Inter, and CA final. After the second level, a candidate needs to do an article for three years.
  • Chartered Financial Analyst (CFA): CFA is an international certificate programme offered by the USA's CFA Institute. It has three levels, and candidates who clear all these levels get the CFA Charter title. CFA is one of the most challenging courses in finance, and CFA Charters have a great demand in the global job market.
  • Company Secretary (CS): Students can do CS either along with the BAF course or after completion. The CS course has three levels - Foundation, Executive and professional. It focuses more on company laws, corporate finance, and legal aspects.

QUICK READ:

Masters in Finance in Australia for Indian Students

MS in Finance in the USA for Indian Students

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