What is the full form of BAF

BAF: Bachelor of Accounting and Finance

BAF stands for Bachelor of Accounting and Finance. The Bachelor of Accounting and Finance, also known as the Bachelor of Commerce in Accounting and Finance, is a three-year undergraduate programme that thoroughly studies accounting and finance theory and applications. This programme is taught in various UGC-approved institutions nationwide for six semesters. To be admitted to this UG degree programme, applicants must have at least a 12th grade from a state or central board.

The course provides a more comprehensive understanding of financial products, institutions, markets, and systems through the investigation of economic decision-making, which has applications in banking, funds management, stock trading, treasury, and merchant banking. Students who graduate from this course will be qualified in specific fields such as tax planning, mergers and acquisitions, audits, investment analysis, budget analysis, and risk assessment.

Who should Pursue BAF Course?

It is necessary to provide the proper counselling to students to understand their suitability for a particular course. Students who should pursue a BAF degree are defined as:

• Students who have completed their education up to the 12th class in the related field are best considered to continue at the bachelor's level.
• A student is interested in learning the best calculation skills and utilizing them for a national or personal purpose.
• Students who want to join the field of accounts and finance mostly pursue this degree.

Scope of BAF

Bachelor of Accounting & Finance graduates have an excellent opportunity to work in accounting and financial applications in large corporations.

Admission Process

The BAF Admission Process varies by the institute but is based on merit plus entrance exams. To be eligible for Admission, an aspirant must first qualify for the 12th or equivalent examination. Various entrance exams are conducted for this purpose, such as the NPAT, the STE, and the DUAT. Among the entrance exams, some are national, some are regional, and some are institute-level. To determine the final selection, a counselling round is held for qualified candidates, followed by the publication of a merit list.

BAF Entrance Exams

In many cases, Admission is dependent on the marks obtained by a candidate in the intermediate. However, some entrance exams are concerned with the BFA Admission, and these are:

• IPU CET: This is a university-level Admission test conducted for shortlisting the most eligible candidates. Apart from BAF, it is also conducted for many other courses.
• VEE: VELS University Chennai organizes the VEE entrance exam for Admission to various Undergraduate and Postgraduate courses every year.
• NPAT: The Narsee Monjee Institute of Management Studies is the conducting body of the authorized entrance exam NPAT. It is conducted to offer UG & PG Admission in many specializations.
• LPUNEST: LPUNEST conducted by LPU. This exam is designed for shortlisting candidates, and also scholarships are provided based on performance.

Course Details:

Duration:

The Bachelor of Accounting & Finance course is for 3 consecutive years.

Eligibility:

The eligibility of the course is 10+2 with Commerce as the primary stream from any recognized Board or University with an aggregate of 50%.

Course Fee:

The course fee for BAF ranges from Rs.35 000/- to Rs.40 000/- per year and varies depending upon the institution.

Syllabus:

Semester 1

• Business Communication 1
• Information Technology 1
• Financial Accounting 1
• Foundation Course 1
• Cost Accounting 1
• Economics 1
• Commerce 1

Semester 2

• Business Communication 2
• Quantitative Methods for Business 1
• Financial Management 1
• Business Law 1
• Financial Accounting 2
• Auditing 1
• Taxation 1

Semester 3

• Financial Accounting 3
• Quantitative Methods for Business 2
• Cost Accounting 2
• Business Law 2
• Management 1
• Economics 2
• Auditing 2

Semester 4

• Management Accounting 1
• Information Technology 2
• Financial Accounting 4
• Foundation Course 2
• Business Law 3
• Commerce 2
• Taxation 2

Semester 5

• Management Accounting 2
• Financial Accounting 5
• Financial Accounting 6
• Cost Accounting 3
• Economics 3
• Taxation 3

Semester 6

• Financial Accounting 7
• Financial Accounting 8
• Cost Accounting 4
• Management 2
• Auditing 3
• Taxation 4

Colleges in India:

• Tolani College of Commerce
• MGR Janaki College of Arts & Science
• Annai Vellankani College for Women
• Tamilnadu Open University
• Madras Christian College
• Peter's University

Careers (Jobs and Salary)

The jobs under the Bachelor of Accounting and Finance course are as follows:

• Financial Manager
• Accounts Assistant
• Executive Manager
• Investment Banker
• Marketing Manager
• Finance Analyst
• Auditor etc.

Salary packages for candidates who have completed the BAF range from Rs.25,000/- to Rs.40,000/- per month, depending on experience and job designation.