BAF Syllabus & Subjects

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May 09, 2025 14:24PM IST

BAF Syllabus & Subjects Overview

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. 

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BAF Subjects and Syllabus Highlights

Here are some of the crucial highlights of BAF syllabus and subjects. If you are interested in this course, take a look: 

ParticularsDetails
Course NameBachelor of Accounting and Finance
Course DurationFull-time, 3 years
Total SemestersTypically 6, spread over 3 years
Subjects per SemesterUsually around 5-7
Core Subjects
  • Financial Accounting
  • Cost Accounting
  • Management Accounting
  • Financial Management
  • Auditing
  • Taxation
  • Business Law
  • Business Communication
  • Business Statistics
  • Economics, etc.
Optional Subjects
  • Investment Analysis
  • Risk Management
  • International Finance
  • Marketing
  • Human Resource Management, etc.
InternshipsMost BAF programs require students to complete internships in accounting and finance firms to gain practical experience.
Viva-voceSome institutions may include a viva-voce examination as part of the assessment process.
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BAF Year Wise Syllabus

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.

BAF First Year Syllabus

Take a look at the BAF first-year syllabus in the tabular format:

BAF Syllabus - Semester 1

Foundational Cost Accounting IBusiness Environment
Micro EconomicsFoundation Course I (Commercial Environment)
Financial Accounting IBusiness Communication I

BAF Syllabus - Semester 2

Business Communication IISpecial Accounting Areas I
Financial Accounting IIBusiness Regulatory Framework I
Direct Taxation IBusiness Statistics and Mathematics I

BAF Second Year Syllabus

The overview of the BAF second-year syllabus can be checked from the table below:

BAF Syllabus - Semester 3

Macro EconomicsTechniques of Auditing and Audit Procedures
Special Accounting Areas IIIntroduction to Management
Business Statistics and Mathematics IIMethods of Cost Accounting II
Business LawsBanking Theory, Law & Practice
Business Regulatory Framework II-

BAF Syllabus - Semester 4

Special Accounting Areas IIIInformation Technology Application in Business/Accounting
Direct Taxes IIFinancial Market Operations
Foundation Course II (Value Education and Soft Skills)Financial Accounting IV
Company Law-

BAF Third Year Syllabus

Find below the BAF 3rd year subjects from the table:

BAF Syllabus - Semester 5

Financial Accounting VCost Accounting III
Financial Management IProject Work
Financial Accounting VIDirect Taxes III
Practical AuditingPortfolio Management
Elective I-

BAF Syllabus - Semester 6

Financial Accounting VIICost Accounting IV
Management AccountingFinancial Management II
Working Capital ManagementCapital Markets
Elective IIInternship/Project Work II
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BAF Core Subjects

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 SubjectsDescriptions
Financial Accounting IIntroduction to accounting principles, financial statements, transactions, and analysis.
Business CommunicationDevelopment of communication skills for business settings, including writing, presentation, and interpersonal communication.
Business EnvironmentAnalysis of the external environment impacting businesses, including economic, legal, political, and social factors.
Cost AccountingIntroduction to cost accounting principles, costing methods, and cost analysis for decision-making.
Management AccountingApplication of accounting and finance concepts to internal management and control.
MicroeconomicsPrinciples of microeconomics, including consumer behaviour, market structures, and competition.
MacroeconomicsPrinciples of macroeconomics, including national income determination, monetary policy, and fiscal policy.
Mathematics for BusinessIntroduction to mathematical tools and applications relevant to business, such as statistics, calculus, and finance.
Business LawIntroduction to legal principles relevant to business, including contracts, company law, and intellectual property.
Business StatisticsApplication of statistical methods for business analysis, decision-making, and forecasting.
AuditingIntroduction to auditing principles and procedures for ensuring the accuracy and reliability of financial statements.
Financial ManagementFinancial analysis, budgeting, investment analysis, and capital budgeting techniques.
TaxationIntroduction to various tax systems, including income tax, sales tax, and corporate tax.
Marketing PrinciplesIntroduction to marketing concepts, strategies, and tools.
Financial Accounting IIAdvanced 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.
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BAF Course Subjects

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 SubjectsTopics Covered
Cost Accounting I
  • Basic cost concepts
  • Cost classification
  • Cost behaviour
  • Cost volume profit analysis
Cost Accounting II
  • Methods of costing
  • Job costing
  • Process costing
  • Contract costing
Business Environment
  • Understanding the business environment
  • Economic systems
  • Business ethics
Micro Economics
  • Introduction to Microeconomics
  • Theory of Consumer Behaviour
  • Theory of Production and Costs
  • Factor Pricing
Macroeconomics
  • Introduction to Macroeconomics
  • National Income Accounting
  • Theories of Employment
  • Money and Banking
  • Inflation and Unemployment
Business Economics
  • Microeconomic principles
  • Demand and supply analysis
  • Market structures
Financial Management I
  • Overview of financial management
  • Financial planning
  • Capital budgeting
Financial Management II
  • Capital structure
  • Dividend policy
  • Working capital management
Financial Accounting I
  • Introduction to accounting principles
  • Journal entries
  • Ledger posting
  • Trial balance
  • Preparation of financial statements
Financial Accounting II
  • Advanced accounting topics
  • Including partnership accounts
  • Branch accounts 
  • Departmental accounts
Business Statistics & Mathematics
  • Mathematical techniques and their applications in business decision-making
  • Introduction to Statistics
Business Law
  • Fundamentals of business law
  • Contracts
  • Legal aspects of business operations
Direct Taxes
  • Introduction to income tax
  • Assessment procedures
  • Tax planning.
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BAF Elective Subjects

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 TaxationWealth Management
Information Technology in AccountancySecurity Analysis and Portfolio Management
Marketing of Financial ServicesCorporate Governance and Business Ethics
Advanced Financial ServicesInvestment Analysis
Indirect TaxesPortfolio Management and Security Analysis
Forensic AccountingEntrepreneurship Management
International FinanceOperations Research
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BAF Distance Syllabus

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.

BAF Distance Core Subjects

Some common core subjects in the distance BAF courses are as follows:

Accounting Business Mathematics
Cost AccountingFinance
Business LawEconomics
Statistics-

BAF Distance Optional Subjects

Some common optional subjects offered in the distance BAF course are as follows:

Banking and financial servicesInsurance
Risk managementTaxation
Investment analysisMarketing
Human resource managementInternational business
EntrepreneurshipInformation technology management
Operations managementResearch 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.

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BAF Entrance Exam Syllabus

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: 

SectionDescriptionTopics
English LanguageAssesses vocabulary, comprehension, grammar, and writing skills.Reading comprehension, vocabulary usage, sentence correction, essay writing
Quantitative AbilityTests 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 ReasoningEvaluates your critical thinking and ability to identify patterns and solve puzzles.Deductive reasoning, syllogisms, analogies, coding-decoding, puzzles, data sufficiency
General AwarenessMeasures 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 BasicsIntroduces fundamental concepts in accounting and finance for some exams.Basic accounting principles, journal entries, financial statements, financial markets, investments, basic financial ratios
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BAF Best Books

The recommended best books for BAF have been provided in the table below:

Name of the BookAuthor/ Publisher
Introduction to AccountancyT.S. Grewal, S. Chand and Company(P) Ltd., New Delhi
Advance AccountsShukla and Grewal, S. Chand and Company (P) Ltd, New Delhi
Advanced AccountancyR.L Gupta and M. Radhaswamy, S. Chand and Company (P) Ltd., New Delhi
Modern AccountancyMukherjee and Hanif, Tata Mc. Grow Hill and Co. Ltd., Mumbai
Financial AccountingLeslie Chadwick, Prentice Hall of India Adin Bakley (P) Ltd., New Delhi
Financial Accounting for ManagementDr. Dinesh Harsalekar, Multi-Tech. Publishing Co. Ltd., Mumbai
Financial AccountingP.C. Tulsian, Pearson Publications, New Delhi
Accounting PrinciplesR.N. Anthony and J.S. Reece, Richard Irwin, Inc
Financial AccountingMonga, J.R. Ahuja, Girish Ahuja and Ashok Shehgal, Mayur Paper Back, Noida
Compendium of Statement and Standard of Accounting, ICAI-
Indian Accounting StandardsAshish Bhattacharya, Tata Mc. Grow Hill and Co. Ltd., Mumbai
Financial AccountingWilliams, Tata Mc. Grow Hill and Co. Ltd., Mumbai
Company Accounting StandardsShrinivasan Anand, Taxman, New Delhi
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BAF Course Structure

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.

  • Core Subjects
  • Elective Subjects
  • Projects 
  • Practicals
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FAQs about BAF Syllabus

How many types of BAF are there?

BAF can be done full-time, part-time, and fully online course as well.

Does BAF include maths?

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.

What subjects are there in BAF?

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. 

How many semesters are there in BAF?

There are six semesters in the BAF course.

What are the subjects in BAF 1st year?

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. 

What is BAF and its scope?

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.

Is Mathematics necessary in 12th class for admission into BAF?

Mathematics is not necessary to take admission into BAF programme however a little knowledge of math is appreciated.

Is BAF related to CA?

BAF isn't directly related to CA but it lays a strong foundation because it overlaps in areas like accounting, finance, and taxation. 

Is there a summer internship for BAF program?

The Summer Internship Programme is mandatory for the students of BAF.

What is the average course fee for a BAF degree?

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.

What are the best colleges for BAF?

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. 

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BAF Colleges in States

BAF Colleges in Cities