BAF syllabus and subjects encompass a blend of core accounting principles, business fundamentals, and specialised subjects. In the initial years, students delve into subjects such as Financial Accounting, Management Accounting, Microeconomics, Managerial Economics, and Business Mathematics. These topics that are extensively covered in the Bachelor of Accounting and Finance (BAF) course help students in gaining a deeper understanding and knowledge about accounting, taxation, auditing, finance, and more. The BAF syllabus is divided into a total of six semesters, with each having a duration of six months, for a total of 3 years. In addition to the core subjects, many programs offer elective courses that allow students to specialise in areas of interest, such as Financial Reporting, Forensic Accounting, or International Accounting.
The Bachelor of Accounting and Finance course is a comprehensive undergraduate degree designed to provide students with a robust understanding of accounting principles, financial management, taxation, and related disciplines. BAF course is much better than a regular B.Com or BBA degree course because it’s a specialised undergraduate course, and BAF fresher graduates can earn a very handsome salary ranging from Rs 5,00,000 to Rs 7,00,000. This is because the finance and accounting industry is booming and requires competent individuals to handle day-to-day operations effectively and efficiently.
Here are some of the crucial highlights of BAF syllabus and subjects. If you are interested in this course, take a look:
Particulars | Details |
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Course Name | Bachelor of Accounting and Finance |
Course Duration | Full-time, 3 years |
Total Semesters | Typically 6, spread over 3 years |
Subjects per Semester | Usually around 5-7 |
Core Subjects |
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Optional Subjects |
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Internships | Most BAF programs require students to complete internships in accounting and finance firms to gain practical experience. |
Viva-voce | Some institutions may include a viva-voce examination as part of the assessment process. |
The BAF syllabus is typically divided into three years (6 semesters), where each semester focuses on the core subjects to build a solid foundation in Corporate Accounting, Management Accounting, Direct and Indirect Taxes, Auditing, and Financial Management. Below is an overview of the year-wise syllabus for the BAF course.
Take a look at the BAF first-year syllabus in the tabular format:
BAF Syllabus - Semester 1 | |
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Foundational Cost Accounting I | Business Environment |
Micro Economics | Foundation Course I (Commercial Environment) |
Financial Accounting I | Business Communication I |
BAF Syllabus - Semester 2 | |
Business Communication II | Special Accounting Areas I |
Financial Accounting II | Business Regulatory Framework I |
Direct Taxation I | Business Statistics and Mathematics I |
The overview of the BAF second-year syllabus can be checked from the table below:
BAF Syllabus - Semester 3 | |
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Macro Economics | Techniques of Auditing and Audit Procedures |
Special Accounting Areas II | Introduction to Management |
Business Statistics and Mathematics II | Methods of Cost Accounting II |
Business Laws | Banking Theory, Law & Practice |
Business Regulatory Framework II | - |
BAF Syllabus - Semester 4 | |
Special Accounting Areas III | Information Technology Application in Business/Accounting |
Direct Taxes II | Financial Market Operations |
Foundation Course II (Value Education and Soft Skills) | Financial Accounting IV |
Company Law | - |
Find below the BAF 3rd year subjects from the table:
BAF Syllabus - Semester 5 | |
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Financial Accounting V | Cost Accounting III |
Financial Management I | Project Work |
Financial Accounting VI | Direct Taxes III |
Practical Auditing | Portfolio Management |
Elective I | - |
BAF Syllabus - Semester 6 | |
Financial Accounting VII | Cost Accounting IV |
Management Accounting | Financial Management II |
Working Capital Management | Capital Markets |
Elective II | Internship/Project Work II |
The BAF curriculum is structured across six semesters, integrating core subjects with practical applications. In the initial semesters, students focus on foundational topics of the BAF syllabus, such as Financial Accounting, Cost Accounting, Business Economics, and Business Law.
BAF Subjects | Descriptions |
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Financial Accounting I | Introduction to accounting principles, financial statements, transactions, and analysis. |
Business Communication | Development of communication skills for business settings, including writing, presentation, and interpersonal communication. |
Business Environment | Analysis of the external environment impacting businesses, including economic, legal, political, and social factors. |
Cost Accounting | Introduction to cost accounting principles, costing methods, and cost analysis for decision-making. |
Management Accounting | Application of accounting and finance concepts to internal management and control. |
Microeconomics | Principles of microeconomics, including consumer behaviour, market structures, and competition. |
Macroeconomics | Principles of macroeconomics, including national income determination, monetary policy, and fiscal policy. |
Mathematics for Business | Introduction to mathematical tools and applications relevant to business, such as statistics, calculus, and finance. |
Business Law | Introduction to legal principles relevant to business, including contracts, company law, and intellectual property. |
Business Statistics | Application of statistical methods for business analysis, decision-making, and forecasting. |
Auditing | Introduction to auditing principles and procedures for ensuring the accuracy and reliability of financial statements. |
Financial Management | Financial analysis, budgeting, investment analysis, and capital budgeting techniques. |
Taxation | Introduction to various tax systems, including income tax, sales tax, and corporate tax. |
Marketing Principles | Introduction to marketing concepts, strategies, and tools. |
Financial Accounting II | Advanced financial accounting topics include financial statement analysis, investments, and international accounting. |
Foundation Course (Optional) | An introductory course on specific business areas, such as marketing, IT, or human resources, depends on the program's focus. |
Elective Courses (2-3) | Students choose electives aligned with their interests or specialisations, such as international finance, investment banking, risk management, etc. |
Internship (Optional) | Practical experience in a business setting related to accounting and finance. |
The BAF course has a wide range of subjects that are related to accounting, finance, business, and commerce. These specific subjects may vary depending on the curriculum of the institution offering the course. The topics covered under the BAF syllabus have been discussed below:
BAF Subjects | Topics Covered |
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Cost Accounting I |
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Cost Accounting II |
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Business Environment |
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Micro Economics |
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Macroeconomics |
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Business Economics |
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Financial Management I |
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Financial Management II |
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Financial Accounting I |
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Financial Accounting II |
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Business Statistics & Mathematics |
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Business Law |
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Direct Taxes |
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The BAF elective subjects may vary according to the institution and its official curriculum. Here is a list of a few BAF elective subjects that students can select according to their interests:
International Taxation | Wealth Management |
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Information Technology in Accountancy | Security Analysis and Portfolio Management |
Marketing of Financial Services | Corporate Governance and Business Ethics |
Advanced Financial Services | Investment Analysis |
Indirect Taxes | Portfolio Management and Security Analysis |
Forensic Accounting | Entrepreneurship Management |
International Finance | Operations Research |
The syllabus for the distance Bachelor of Accounting and Finance (BAF) course varies from one institute to another. However, there are common core subjects and optional subjects across various institutions providing the BAF course via distance education.
Some common core subjects in the distance BAF courses are as follows:
Accounting | Business Mathematics |
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Cost Accounting | Finance |
Business Law | Economics |
Statistics | - |
Some common optional subjects offered in the distance BAF course are as follows:
Banking and financial services | Insurance |
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Risk management | Taxation |
Investment analysis | Marketing |
Human resource management | International business |
Entrepreneurship | Information technology management |
Operations management | Research methodology |
Candidates must note that the core and optional subjects mentioned above can vary from one institution to another. Therefore, they are advised to visit the official website of their chosen institution to check the precise syllabus and subjects for the BAF distance programme.
Applicants for the Bachelor's degree in Accounting and Finance undergo a rigorous entrance exam that gauges their aptitude and preparedness. The BAF entrance exam covers key topics such as mathematics and statistics; specifically, it focuses on arithmetic, algebra, probability - data interpretation is also critical to this evaluation process. Furthermore – evaluating proficiency in English language comprehension through passages alongside grammar-vocabulary questions forms an integral part of this assessment procedure. The examination aims to measure: logical reasoning abilities; basic subject knowledge and essential skills for the BAF program. It evaluates--with a focus on business, economics, accounting and finance—general knowledge of current affairs relevant in these fields.
Here’s a general overview of BAF entrance exam syllabus:
Section | Description | Topics |
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English Language | Assesses vocabulary, comprehension, grammar, and writing skills. | Reading comprehension, vocabulary usage, sentence correction, essay writing |
Quantitative Ability | Tests your aptitude for numerical analysis and problem-solving. | Numbers & operations, algebra, basic statistics, data interpretation, time & work, speed & distance, profit & loss, ratio & proportion, percentage |
Logical Reasoning | Evaluates your critical thinking and ability to identify patterns and solve puzzles. | Deductive reasoning, syllogisms, analogies, coding-decoding, puzzles, data sufficiency |
General Awareness | Measures your knowledge of current affairs, business & economics, and basic science. | Current events, Indian & global economy, business terminologies, finance basics, economics principles, basic science & technology |
(Optional) Accounting & Finance Basics | Introduces fundamental concepts in accounting and finance for some exams. | Basic accounting principles, journal entries, financial statements, financial markets, investments, basic financial ratios |
The recommended best books for BAF have been provided in the table below:
Name of the Book | Author/ Publisher |
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Introduction to Accountancy | T.S. Grewal, S. Chand and Company(P) Ltd., New Delhi |
Advance Accounts | Shukla and Grewal, S. Chand and Company (P) Ltd, New Delhi |
Advanced Accountancy | R.L Gupta and M. Radhaswamy, S. Chand and Company (P) Ltd., New Delhi |
Modern Accountancy | Mukherjee and Hanif, Tata Mc. Grow Hill and Co. Ltd., Mumbai |
Financial Accounting | Leslie Chadwick, Prentice Hall of India Adin Bakley (P) Ltd., New Delhi |
Financial Accounting for Management | Dr. Dinesh Harsalekar, Multi-Tech. Publishing Co. Ltd., Mumbai |
Financial Accounting | P.C. Tulsian, Pearson Publications, New Delhi |
Accounting Principles | R.N. Anthony and J.S. Reece, Richard Irwin, Inc |
Financial Accounting | Monga, J.R. Ahuja, Girish Ahuja and Ashok Shehgal, Mayur Paper Back, Noida |
Compendium of Statement and Standard of Accounting, ICAI | - |
Indian Accounting Standards | Ashish Bhattacharya, Tata Mc. Grow Hill and Co. Ltd., Mumbai |
Financial Accounting | Williams, Tata Mc. Grow Hill and Co. Ltd., Mumbai |
Company Accounting Standards | Shrinivasan Anand, Taxman, New Delhi |
It is a bachelor's degree program with a focus on teaching students about the fundamentals of finance and accounting. The duration of the BAF program is roughly three years, which is broken up into six semesters. Each semester's BAF syllabus includes a different set of subjects.
BAF can be done full-time, part-time, and fully online course as well.
No, the BAF course doesn’t include maths as a subject, however, the course is a specialisation in accounting and finance so you must have good arithmetic skills.
BAF degree includes major subjects like cost accounting, management accounting, finance, economics, business statistics, business law, taxation, auditing, corporate governance, financial markets and institutions, financial management, investments, and accounting information systems. Some BAF programmes may also cover more specialised topics like international finance, financial modelling, forensic accounting, or nonprofit accounting.
There are six semesters in the BAF course.
Marketing , Advanced Financial Accounting, Language and Communication skill level - I, Language and Communication skill level - II, Financial Accounting, Business Environment, Basics of Retail Marketing, Basics of Business Insurance, Allied Business Statistics, Elements of Operations Research are the subjects in BAF 1st year.
BAF is the full form of the Bachelor of Accounting and Finance. It covers accounting, finance, auditing, taxation and other related domains. With its 3-4 year program, brilliant jobs are available across banking firms, auditing firms, the corporate finance sector, financial research and other finance sectors. BAF graduates are in high demand by employers in the accountancy profession as accountants, auditors, tax consultants, financial analysts and above all in managerial positions.
Mathematics is not necessary to take admission into BAF programme however a little knowledge of math is appreciated.
BAF isn't directly related to CA but it lays a strong foundation because it overlaps in areas like accounting, finance, and taxation.
The Summer Internship Programme is mandatory for the students of BAF.
The average course fee for this program ranges from INR 40,000 to INR 1,50,000 and also varies from one university to another.
Stella Maris College, Narsee Monjee College of Commerce and Economics, Gujarat University and Teresian College are some of the best colleges for BAF in India.