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Nikita Parmar

Updated on 12th January, 2024 , 8 min read

BAF: Full Form, Eligibility, Course, Top Colleges, Fees, Salary 2024

Course

BAF Full Form Overview

Bachelor of Accounting and Finance (BAF), also known as BCom Accounting and Finance. It is a three-year undergraduate course. It focuses on accounting and financial subjects. The course is taught via classroom teachings, seminars, projects, practical training, industrial visits, conferences, expert talks, etc.

Also read: Who is the Father of Accounting? 

The course helps aspirants acquire knowledge in the fields of:

  • accounting
  • taxation
  • auditing
  • risk management
  • financial accounting
  • taxation
  • managerial economics
  • business law
  • business communications

Further Reading: 

Jobs after BCom

BBA vs BCom

BCom Subjects and Syllabus (General)

BCom Subjects and Syllabus (Honors)

BAF Courses

BAF Full Form Course Details

BAF Course Type

Undergraduate

BAF Course Duration

3 years full-time (Divided into six semesters)

Minimum Qualification

10 + 2

Minimum Marks Percentage

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

Selection Process

Merit/Entrance test

BAF Course Fees

INR 20,000- 3,00,000

Average Starting Salary

INR 3-10 LPA

Must Read: Association of Chartered Certified Accountants(ACCA)

BAF Entrance Exam 2024

In many circumstances, admission is based on a candidate's intermediate grade point average. However, some entrance tests are relevant to BFA admission, and these are as follows:

  1. IPU CET- This is a university-level admissions test used to choose the most qualified individuals. Aside from BAF, it is also used for a variety of other courses. Registration for the IPU CET will begin in March 2024.
  2. VEE- Every year, VELS University Chennai holds the VEE entrance test for admission to various UG and PG programs. VEE will be held in May 2024 for the next session.
  3. NPAT- NPAT registration will begin in December 2023 and go on until the fourth week of May 2024. The approved admission test (NPAT) is administered by the Narsee Monjee Institute of Management Studies (NMIMS). It is held to provide UG and PG admission in a variety of specialties.
  4. LPU LPUNEST-  This exam is intended to screen students, and scholarships are awarded depending on performance.

Entrance Exam Name 

Application Date 

Exam Date 

NMIMS NPAT

1st Week of December 2023 – 4th Week of May, 2024

1st Week of January – Last Week of May 2024

DUJAT

June 2024 – July 2024 

September 2024

IPU CET

March 2024 - 4th Week of May, 2024

Last Week of June 2024

SET

Last week of January 2024 – 3rd Week of April 2024

1st Week of May 2024

CUET

9th February 2024 – 31st March 2024

21st – 31st  May 2024

How To Prepare for a Bachelor's in Accounting and Finance?

There is no such entrance examination, so candidates should be prepared beforehand for the course and get admission to one of the top institutes. Here are a few important preparation tips:

  • Candidates must be aware of the detailed syllabus for finance, accounting, and taxation. It is important to know what the course covers.
  • To build confidence, candidates should practice regular problem-solving to practice their skills.
  • Solving Previous Year's Question Papers and Numerical in the Given Time Without Break Can Be Effective for Exam Day Will Help the Student.
  • Practicing regularly and effectively for four to five hours a day is more than enough to secure good marks on the test, as preparing beforehand always helps to reduce the pressure built up for the last moment.

Types of BAF Courses

Even for a single study program, there are a variety of learning methods that are tailored to the needs of pupils. The following are the most popular BAF degree categories offered in India:

Full-Time BAF Course

Full-time BAF is offered by almost every institute in India. It is a regular course, with classes held daily. This is the most popular degree program among students, with the majority opting for the full-time BAF program. The DUET, SET, NPAT, and other admission tests used by universities in India for BAF are the most frequent.

Part-Time BAF Course

Part-Time The Bachelor of Arts in Fine Arts is a part-time degree program. Part-time courses are currently widely used at many institutions. Part-time study is ideal for working students who need to manage their time. They can work and study at the same time with this type of learning. It is just as gratifying as traditional BFA courses, and students have the same chances for work.

Further Reading: MBA in Banking and Finance 

Online BAF Course

The Online Bachelor of Accounting & Finance (BAF) is an online bachelor's degree in accounting and finance that is taught in the field of commerce. The duration of an online BAF might range from 3–4 years, depending on the institute and the student.

Many Indian colleges are currently using the online learning approach to offer various courses, including BAF. IGNOU, Suresh Gyan Vihar University, TNOU, and many others are examples of such institutions.

It is especially advantageous to students who reside in places without a nearby university. This course is also suitable for students with budgetary restrictions, a lack of time, and so forth.

BAF Course Eligibility Criteria

Admission to the Bachelor of Accounting and Finance (BAF) program is based on the following criteria:

  • Students must have completed their 12th grade in either science or commerce from a recognized board. 
  • For admission to the Bachelor in Finance and Accounting program, students must have a minimum grade point average of 50%.
  • Entrance tests are administered by colleges, and the results are used to determine admission.
  • To pursue the BAF program in another country, you'll need to submit IELTS, TOEFL, or PTE results, among others. Additionally, SOPs and LORs are necessary while submitting your application.

BAF Full Form Subjects and Syllabus

Financial accounting, cost accounting, taxation, economics, and a variety of other disciplines are covered in the BAF course. However, things taught under this degree may vary slightly from institution to university; most of the typical topics taught in the ordinary BAF curriculum are listed here.

Semester 1

  • Financial Accounting-Elements of Financial Accounting-Paper I
  • Cost Accounting-Introduction and Element of Cost-Paper 
  • Economics-Micro Economics-Paper I
  • Commerce-Business Environment-Paper I
  • Accounting with the Use of Accounting Software
  • Business Communication-Paper I
  • Foundation Course-Commercial Environment-Paper I

Semester 2

  • Financial Accounting-Special Accounting Areas-Paper I
  • Auditing-Introduction and Planning-Paper I
  • Financial Management-Paper I
  • Taxation-Indirect Taxes-Paper I
  • Business Law-Business Regulatory Framework-Paper I
  • Quantitative Methods for Business Paper
  • Business Communication-Applications in Business-Paper II

Semester 3

  • Financial Accounting Paper –III (Special Accounting Areas)
  • Cost Accounting Paper –II (Methods of costing)
  • Auditing Paper-II (Techniques of Auditing and Audit Procedures)
  • Economics Paper-II (Macro Economics)
  • Business Law Paper-II (Business Regulatory Framework)
  • Management Paper-II (Introduction to Management)
  • Quantitative Methods for Business Paper –II

Semester 4

  • Financial Accounting Paper –IV (Special Accounting Areas)
  • Taxation Paper-II (Indirect Taxes)
  • Commerce Paper-II (Financial Market Operations)
  • Business Law Paper –III (Company Law)
  • Information Technology Paper-II (Applications in Business)
  • Foundation Course -II (Value Education and Soft Skill)

Semester 5

  • Financial Accounting – Paper – V
  • Cost Accounting Paper-III
  • Financial Accounting Paper – VI
  • Management Accounting Paper – II: Financial Statement Analysis
  • Taxation Paper – III: Direct Tax Paper – I
  • Economics Paper – III: Indian Economy

Semester 6

  • Financial Accounting Paper – VII
  • Cost Accounting Paper – IV
  • Auditing Paper – IV
  • Financial Accounting Paper – VIII
  • Taxation Paper IV: Direct Tax Paper – II

Top Colleges for BAF in India

The cost of a BAF program in India is determined by the infrastructure and amenities provided. In India, BAF courses cost between INR 20,000 and 3 LPA. The specifications of BAF course costs at public colleges and universities differ from those at private institutions. BAF is different from other accounting and finance courses accessible to Indian students in terms of time and price.

In comparison to other disciplines, bachelor's degrees in accounting and finance are in great demand. In comparison to international courses, BAF costs in India are extremely exorbitant. Fees for BAF course institutes in India that provide this degree are listed below:

Serial No.

BAF Colleges in India

Average Annual Fees

1

Shri Ram College of Commerce

INR 45,000

2

Narsee Monjee College of Commerce and Economics

INR 10,500-11,000

3

Gujarat University

INR 5,000

4

Teresian College

INR 60,000

5

H. B. Institute of Communication and Management

INR 70,000

6

H.A. College of Commerce

INR 70,000-80,000

7

St. Aloysius Evening College

INR 40,000

8

Hindu College

INR 16,000-18,000

9

Stella Maris College

INR 85,000-90,000

10

Mansarovar Group of Institutions

INR 50,000

BAF Course: Scope

BAF graduates are in great demand by businesses and banks. BAF graduates are employed in both the corporate and public sectors. Some exciting opportunities available to BAF graduates are:

  • actuarial businesses
  • banking
  • business analysis
  • financial management
  • actuarial service
  • auditing
  • accountancy
  • taxes
  • economics
  • e-commerce
  • financial analysis
  • financial planning

Also read: Qualifications of an Auditor 

BAF: Career Options

Graduates of the BAF program are likely to work in fast-growing technology-related accounting firms. As technology progresses, graduates with a diverse set of abilities are in higher demand.

Students can also work with:

  • KPMG
  • Deloitte
  • PWC
  • Accenture
  • Oracle
  • Gartner
  • SBI
  • NABARD
  • PNB
  • CBI
  • Goldman Sachs
  • Wipro
  • Ernst & Young
  • Google

Also Read: CA Salary in India

BAF: Jobs and Salary

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

Serial No.

Job Title

Average Annual Salary 

1

Financial Analyst

INR 5.5 LPA

2

Accounting Analyst

INR 5.8 LPA

3

Personal Finance Consultant

INR 8.4 LPA

4

Tax Policy Analyst

INR 4.4 LPA

5

Accountant

INR 3.8 LPA

6

Risk Analyst

INR 11.4 LPA

7

Financial Risk Manager

INR 7.5 LPA

8

Marketing Manager

INR 8.6 LPA

9

Financial Consultant

INR 7 LPA

10

Sales & Marketing Executive

INR 8.2 LPA

11

Revenue Agent

INR 4.3 LPA

BAF: Further Studies 

BAF graduates can also pursue the following professional paths with further qualifications:

Chartered Accountant (CA): CA is one of India's most prestigious financial degrees. It is administered by the Institute of Chartered Accountants of India (ICAI). A candidate must pass three stages to become a Chartered Accountant: Foundation, Inter, and CA Final. After completing the second level, a candidate must complete a three-year article. 

Chartered Financial Analyst (CFA): The CFA Institute in the United States offers an international certificate program. Applicants who pass all three stages earn the designation of CFA Charter. CFA is one of the most difficult financial courses, and CFA charters are in high demand across the world.

Certified Management Accountant (CMA): The designation of certified management accountant (CMA) denotes skill in financial accounting and strategic management. CMAs are individuals who have earned this accreditation.

Company Secretary (CS): The Institute of Company Secretaries of India (ICSI) governs the profession of company secretaries in India and offers a company secretary program (CS). CS education is divided into two stages: CS executive and CS professional programs.

What after BFA Full Form?

Bachelor of Accounting and Finance is the full form of BAF. A master's degree in accounting and finance is available to accountants with a bachelor's degree in accounting and finance. The Bachelor of Accounting and Finance degree offers a choice of alternatives. 

Students might seek further education possibilities to deepen their comprehension of the courses after receiving a BAF degree. Students might also use higher education to prepare for a job in research or teaching. Students can enroll in the following BAF courses after finishing their course:

  1. MBA in Finance
  2. MBA in Cost and Management Accounting
  3. MCom in Accounting and Finance
  4. MCom in Accounting and Taxation
  5. PGDip in Professional Accountancy
  6. MCom in Finance
  7. FRM

Bachelor in Accounting and Finance: Scope

  • A BCom graduate in accounting and finance is open to working in a variety of fields, including multinational companies and international finance organizations.
  • The starting salary ranges from $6,50,000 to $11,00,000 for a senior analyst after gaining experience for more than five years.
  • As in India, finance is an ever-growing sector that has huge potential in the future. One can be a specialist in any particular department.
  • Candidates with excellent calculating and management skills can be easily promoted in their jobs and can rise to the position of director, CEO, or head of the finance organization.
  • In a world where every year there is a new taxation system, there will be a need for candidates who are research-oriented. The candidate has to be up-to-date with the latest finance and accounting trends in the world.

Must Read: Income Tax Officer Salary 

Conclusion

This course teaches students how a company's finances function and how to keep track of its accounts. BAF is a new track that will be on the major stream radar shortly. It's a unique field of study that is recommended for individuals interested in pursuing a career in finance or accounting. If a student has a strong interest in accounting and finance, he or she should pursue this degree program. 

This undergraduate degree emphasizes practical knowledge over theory. This degree can be used by students who desire to pursue chartered accounting or a financial postgraduate course. It is possible to combine it with professional courses such as CA, CFA, and CMA. The average annual fee for this course is roughly INR 30,000. Different universities charge different fees.

It depends on multiple factors, such as faculty, campus amenities, administration, and whether the school is public, private, or non-profit. Through placements, a reputable university will aid the student in their future job if they choose this course. Self-employment is also possible by establishing a firm in this sector relevant to the course.

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Frequently Asked Questions

Ans. After completing the B Com Accounting and Finance or BAF, a person can pursue a career as an auditor, accountant, export or import manager, tax consultant, stockbroker, or Financial Risk Manager, or pursue further studies such as Company Secretary (CS), Chartered Accountant (CA), Financial Risk Manager, MBA (Finance), Chartered Finance Analyst (CFA), and so on.

Ans. A BAF degree or B Com Accounting and Finance takes three years to complete, and the cost varies depending on whether the institute is public or private. The fee may vary from INR 10,000-1,00,000.

Ans. The following is a list of some of the top recruiters who offer high-paying employment to BAF or B Com Accounting and Finance degree holders- 1. Accenture 2. Wipro 3. Capgemini 4. Deloitte 5. Genpact 6. Flipkart 7. TCS 8. Amazon 9. Cognizant 10. Ernst & Young

Ans. Admission to B.Com F&A and BAF programs is merit-based. Last year, the cutoff for B.Com Finance and Accounting was around 93%-95%. The required cutoff for this course varies every year. Most universities assign more weightage to the online entrance test score, performance in the personal interview, and micro presentation rather than the board marks in 12th.

Ans. BAF provides a lot of benefits, and it may open a lot of doors for a student, such as MBA, M.Com, Finance Certification courses, and so on. As a result, B.Com has become a very lucrative professional choice.

The full form of BAF is Bachelor of Accounting and Finance.

BAF course fees is INR 20,000- 3,00,000.

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