Introduction
Accounting is one of the most important fields in business. Bachelor of Accounting and Finance (BAF) provides a strong foundation for a successful career in this area.
This course equips students with essential skills in accounting, finance, taxation, and business law, making them well-prepared for a variety of roles in the finance and business sectors.
What is a Bachelor of Accounting and Finance (BAF) Course?
A Bachelor of Accounting and Finance (BAF) is a three-year undergraduate course that covers the basics of accounting, finance, and business management.
The course is also offered by IGNOU through distance learning. It is provided in collaboration with the ICAI (Institute of Chartered Accountants of India).BAF course is ideal for those interested in working in fields like accounting, banking, finance, and auditing.
Career Scope as a Bachelor of Accounting and Finance (BAF) Graduate
The career scope for BAF graduates is vast and varied. They have numerous career opportunities in diverse fields like business, financial management, accounting, law, economics, etc.
Many BAF graduates choose to work abroad or pursue international opportunities. The skills gained from the program, if paired with certifications like ACCA, CFA, or CPA, are highly valued in global markets.Further, you also have the opportunity to start your own accounting firms, financial consultancy businesses, or investment advisory services with the skills gained in accounting and finance.As businesses and industries continue to grow, there is a constant need for professionals who can manage finances, analyse data, and ensure financial stability.
Employment Scope Career Options for Bachelor of Accounting and Finance (BAF) Graduates
BAF graduates have a wide range of employment opportunities in various sectors like banking, financial institutions, accounting firms, insurance companies, and government organisations.
They can get hired in various job positions like Risk Analyst, Financial Risk Manager, Tax Consultant, Accounting Analyst, Financial Analyst, etc.
Top recruiters:
Accenture | KPMG |
Oracle | SBI |
Ernst & Young | Deloitte |
PWC | HDFC Bank |
ICICI Bank | Reserve Bank of India (RBI) |
Infosys | Wipro |
TCS | L&T |
Reliance | JP Morgan Chase |
Bharat Heavy Electricals Limited (BHEL) | Indian Oil Corporation Limited (IOCL) |
Citigroup | Goldman Sachs |
Salary Range
BAF graduates are specialised in accounting in finance. Every company needs a professional to manage their financial records, budgeting, and investment decisions.
So, they are usually paid well. BAF graduates can earn a salary package between 4 to 8 lacs at the starting level. With a few years of experience, the package can increase substantially.
Also, the overall package depends on the industry, location, and additional qualifications like CA or CFA.
Eligibility Criteria
There are certain criteria that candidates need to fulfill before seeking admission. The eligibility criteria may vary across different institutions. Hence, it’s advisable to check the specific eligibility criteria of the institution that you wish to apply.
The basic eligibility criteria are:
- Students must have passed grade 12 with at least 45% to 50% aggregate marks.
- Some colleges may take an entrance exam for admission. Others may admit students based on their 12th-grade marks.
- Additionally, some institutions may have specific subject requirements, like Mathematics, Economics, or Accounts, in 12th grade.
Entrance Exam for a Bachelor of Accounting and Finance (BAF) Course
Most colleges offer admission to the Bachelor of Accounting and Finance (BAF) course based on merit. However, some institutes conduct their own entrance exams for admission.Some of the common entrance exams are NMIMS NPAT, CET, CUET, SET, IPU CET, VEE, etc.
Entrance exams usually consist of multiple-choice questions that test your general knowledge, logical reasoning, math, and English skills. The duration is 2 to 3 hours. There can be negative markings for incorrect answers.
Admission Process for Bachelor of Accounting and Finance (BAF) Course?
Numerous institutions in India offer BAF courses. Candidates can complete their education in a full-time degree course, part-time course, distance learning, or online.
In most cases, BAF admission is based on merit, not an entrance exam. You typically need a minimum of 50% in your 12th grade (preferably in commerce) or qualify through standardised tests like CUET UG. The process usually involves an online application, waiting for results or a merit list, and then attending counseling and document verification.
The admission process is listed below in detail:
- Check Eligibility: Make sure you meet the institution’s requirements, such as educational qualifications, minimum percentage, entrance exams, and age limits.
- Apply for the Course: Obtain the application form from the institution’s website or admission office and fill it out with the required information.
- Attach Documents: Submit all the necessary documents like mark sheets, certificates, photographs, etc.
- Submit Application: Submit the completed application form along with documents and fees by the deadline.
- Entrance Exam (if applicable): If the institution conducts an entrance exam, appear for it on the specified date. You will receive an admit card with details.
- Result and Counseling: After the exam, wait for the results and merit list. If you qualify, attend counseling and complete the document verification process.
- Finalise Admission: If selected, follow the institution’s instructions for final admission, including fee payment and other formalities.
- Join the Course: After completing the admission process, you can join the course. The institution will provide a date for joining the course.
Courses After BAF
Candidates can pursue different courses after completing a BAF (Bachelor of Accounting and Finance) degree.
Some popular courses include:
- Chartered Accountancy (CA)
- Cost and Management Accounting (CMA)
- Chartered Financial Analyst (CFA)
- Financial Risk Manager (FRM)
- Company Secretary (CS)
- MBA in Finance
- MCom in Finance
- Masters in Accounting and Taxation, etc.
Subjects and Syllabus
The BAF course syllabus covers various accounting, finance, business, and commerce topics. It includes both core and elective subjects. The subjects may vary a bit depending on the institution’s curriculum offering the course.
Listed below are the common subjects covered across six semesters:
Semester | Subjects |
Semester 1 | • Elements of Financial Accounting • Introduction and Element of Cost • Micro Economics • Business Environment • Commercial Environment |
Semester 2 | • Special Accounting Areas • Business Regulatory Framework • Introduction and Planning • Indirect Taxes • Quantitative Methods for Business |
Semester 3 | • Methods of Costing • Macro Economics • Techniques of Auditing and Audit Procedures • Introduction to Management • Business Regulatory Framework |
Semester 4 | • Company Law • Financial Market Operations • Indirect Taxes • Introduction to Management Accounting • Value Education and Soft Skills |
Semester 5 | • Financial Statement Analysis • Direct Tax • Indian Economy • Financial Accounting |
Semester 6 | • Principles of Management & Applications • Cost Accounting • Auditing • Taxation |
Top Colleges for Bachelor of Accounting and Finance (BAF) Courses
Several colleges offer BAF courses. Below is a list of some of the top universities in India that provide BAF programs.
Symbiosis College of Arts and Commerce | Christ University |
Stella Maris College | St. Xavier’s College |
Shri Ram College of Commerce | NMIMS |
Mansarovar Group of Institutions | Maharshi Dayanand College of Arts, Science, and Commerce (M D College) |
Hindu College | H A College of Commerce |
Jai Hind College | Kishinchand Chellaram College |
Fees for Bachelor of Accounting and Finance (BAF) Course
BAF course fees in India usually range from 40k to 1.5 lacs for a degree course.Fees are generally higher at private or self-financed colleges, while government colleges and well-known institutes tend to have lower fees.
Also, a full-time 3-year degree course will cost more as compared to a distance learning or diploma course.
Summary
A BAF degree offers great career prospects with opportunities in accounting, finance, banking, and more. As businesses continue to rely on financial expertise, BAF graduates are in high demand, making it a rewarding choice for those interested in building a career in the finance world.