BAF Course

BAF (Bachelor of Accounting & Finance) Course Overview

The full form of BAF is Bachelor of Accounting and Finance. The course lasts three years in total and it covers topics from B.Com in addition to accounting, finance, taxation, auditing, and risk management. Students who are interested in pursuing jobs in accounting and finance should take up this course. Because the course covers accounting and finance in depth, students frequently choose the BAF program. This is a popular option for students who have just completed their 12th.

A BAF degree typically costs between INR 20,000 to 3 lakhs. With a degree in BAF, graduates can progress toward attractive job profiles and make up to 2–5 LPA. BAF graduates can strengthen their academic profiles by enrolling in courses at the postgraduate level, such as M.Com Auditing & Finance, MBA Finance, etc.

The BAF course is available both in online and offline mode. Online distance learning universities like IGNOU, TNOU, etc. offer this course through distance learning. Merit-based criteria and entrance exams determine who gets into the BAF course. DUAT, SET, and NPAT are a few of the popular BAF entrance tests. Some top colleges to pursue the BAF course are Chandigarh University, Christ College, Chennai Loyola College, etc.

BAF Course Highlights

The highlights section will provide you with an overview of the BAF course and its important aspects like course duration, course fees, eligibility, etc.

What is a BAF Course?

BAF is a three-year undergraduate finance and accounting degree program. This course gets accounting professionals and top financiers ready for the job market. Many significant advancements in the nation's accounting and finance industry can be accomplished using this knowledge. This degree makes a variety of jobs available. One can pursue respectable careers such as accountancy, financial analysis, revenue management, assistant management, and marketing management after receiving this degree. Even a newbie can make between INR 3 and INR 8 lacs per year in this industry.

Since it covers both accounting and finance in-depth, the Bachelor of Accounting and Finance (BAF) is well-liked by students. Students take both options as their B.Com specialization rather than picking between accounting and finance. This is a good option if you recently graduated from high school and want a job other than the typical Bachelor of Commerce.

Students taking the BAF course get knowledge of cutting-edge marketable approaches. They also study how to efficiently manage the finances and accounting of an organization, a country, or other entities. The Admission is held once a year and is based on merit and an entry test. BAF Admission is offered by many institutions twice a year, including IGNOU. For merit-based entry, a student needs to possess a 10+2 diploma and a 50 per cent cumulative total of their earned marks.

Who should pursue a BAF course?

Students must receive the appropriate counseling in order to determine whether they are a good fit for a certain subject. Following are examples of students who should pursue a BAF degree:

• The best candidates for continuing at the bachelor's level have finished their studies up to the 12th grade in the relevant field.
• A student is eager to master the greatest math techniques and put them to use for either personal or societal benefit.
• Any student interested in a career in accounting or finance is invited to pursue this degree. Those who desire to work as accountants or financial analysts should take this course.

When should I enroll in a BAF course?

The optimum time to pursue this degree program is typically questioned after learning more about BAF. The right time to pursue this course, as in most situations, has been seen to be immediately following your intermediate. BAF is a program where students study accounting and finance; individuals taking a certificate or diploma program can also enroll in this degree program to further their education. If accounting and finance are your interests, you can learn them whenever you want, even with online learning programs.

Why should you pursue a BAF course?

The decision to enroll in a BAF degree course is up to the individual student, however, there are a few perks that make it worthwhile to continue after the 12th grade, some of which are listed below:

• Students are particularly interested in accounting and finance procedures. Students in this curriculum learn about taxation, accounting concepts and principles, and how to calculate GST, VAT, and Indian tax policy.
• The most effective calculation skills are taught to students in this course.
• Students who earn this degree can progress to more advanced programmes like M.Com and research.
• After completing this three-year course, students are capable of handling the variety of problems that arise in accounting and finance.
• Many career opportunities become available to students that can help them make anywhere between INR 3,50,000 and INR 8,00,000 each year.

BAF Eligibility Criteria

The following criteria determine who is eligible for admission to the Bachelor of Accounting and Finance (BAF) course.

• Students must have completed class 12th or equivalent exam in either the science or commerce stream from an accredited board in India.
• For entry into the Bachelor of Finance and Accounting program, students must receive a minimum aggregate percentage of 50%.
• Colleges hold entrance examinations and decide who gets admitted depending on the results OR the admission to the BAF course is done on the basis of merit in the qualifying exam.

BAF Application Process

The BAF application process depends on the college/ university to which candidates will apply. Most of the application process today is done online through the official website of a particular college or university to which a candidate is applying for admission. The general application process that follows is mentioned below:

• Candidates must first need to register on the official website of a particular university/college to which they are applying for admission to the BAF course.
• Candidates are required to provide personal information like name, email address, etc. for the registration purpose. And they also need to create a unique password for login purposes.
• Candidates will be able to login after the registration by entering their username and chosen password.
• After logging in, candidates will be able to access the application form which they are required to fill up with utmost care.
• After filling up the form, candidates must cross-check each detail provided by them in the form to make sure each detail is accurate to avoid any corrections/rejections later on.
• Candidates will be directed to the payment gateway after submitting the form and they must pay the requisite fee online in order to successfully apply for the BAF course in their chosen institute.
• Once the payment is done, candidates will receive acknowledgement at their provided email address at the time of registration.
• Candidates must take a printout of the receipt for any future reference.

BAF Application Fee

The BAF application fee is different for different institutes. Some of the top colleges depend upon national-level and university-level exams to provide admission to candidates to the BAF course. Candidates are required to check the official website of their preferred institute to know the correct application fee for the BAF course.

BAF Admission Process

Depending on the institute, the BAF Admission Process is different, however, it is based on merit and entrance tests. An applicant must first pass the 12th or an equivalent exam in order to be considered for admission. Then, candidates must be eligible to take the entrance test. The NPAT, STE, and DUAT are just a few of the entrance exams offered for this reason. There are a variety of entry tests, some of which are national, regional, and institute-level. A counseling session is held for qualified applicants before the merit list is published in order to make the final selection.

Following are a few of the key points regarding the admission process for the BAF course:

• Candidates must pass class 12th with a minimum aggregate percentage of 50% or above
• Admission to the BAF course is done either via merit basis or through entrance exams.
• There are multiple entrance exams conducted for admission to the BAF course, some of them are NPAT, SET, DUAT, etc.
• Students can directly apply from the official website or submit an offline application for the BAF course.
• Producing original documents during the application process may help the candidate get into the college of their choice.

BAF admission details of various institutes are mentioned below:

IGNOU: At IGNOU, BAF Admission is held twice a year. Admission for the upcoming BAF academic session will start in January 2022, while the second session will start in June 2022. The distance learning style of the BAF degree is earned from IGNOU. Students who want to enroll in the BAF IGNOU must have a 12th grade diploma or a similar certification from an accredited institution or board.

Delhi University: The BAF Admissions process will shortly start at Delhi University in 2022. To narrow down the pool of applicants for admission to the BAF degree program, DU holds an entrance exam. The results of the entrance exam and the board exam will be used to determine admission to DU. Delhi University administers the CUCET entrance exam for admission to the BAF program. Delhi University conducts the DUET, a very well-liked university-level admission examination, at the institute level. BAF registrations at DU are anticipated to begin in June 2022.

Guru Gobind Singh Indraprastha University: Guru Gobind Singh Indraprastha University is abbreviated as IPU. The IPU CET entrance exam is one of the reasons this university is well-known. IPU administers this exam once a year, and candidates' performance on the IPU CET will also be taken into consideration for BAF Admission at IPU. In addition to the admission exam result, a passing grade on higher school exams is needed. Thousands of students apply to be admitted to the IPU's full-time BAF course, which is offered.

Symbiosis International University: BAF Symbiosis University admission is determined by the results of the entrance exam. For admission to its several bachelor's and master's programmes, Symbiosis University sponsors the SET entrance exam. Once a year, plans are prepared for this entrance exam. Beginning in June 2022, BAF Admission application forms will be made available on the university's website. Through the SET Admission test, students will be accepted into Symbiosis University and its numerous affiliated colleges. The Symbiosis BAF application registration fee is INR 1,750.

Amity University: In Noida, Amity University is a well-known research institution. The University is accredited by the UGC and has a high ranking from NIRF. UGC accepts Amity's courses, including the BAF. Admission to Amity's BAF programme is merit-based, and candidates' performance and eligibility are also evaluated by an admission exam. Amity will shortly release the application materials for BAF Admission 2022. Each form will require an application fee of INR 1,100.

BAF Entrance Exams

The Bachelor of Accounting and Finance (BAF) program has no specific entry exam. Prior to checking the university website for the entrance exam for the Bachelor in Accounting and Finance program offered by that specific university, students must first choose the college to which they would like to apply for admission. The website should be often checked by students for deadlines and significant information.

Admission is frequently based on the marks a candidate received in the intermediate. The following entrance tests, though, are relevant to the BFA admission:

IPU CET: A university-level test is the Indraprastha University Common Entrance Test (IPU CET). This exam is held to grant admission to many different courses, including engineering, law, management, and computer applications. Students will be admitted into undergraduate, graduate, and other courses through the IP University entrance exam. This university entrance test is used to narrow the pool of applicants to those who are most qualified. It is conducted for many other courses in addition to BAF.

VEE: Every year, the VEE entrance test is held by VELS University Chennai to determine admission to various UG and PG programs. Every year, this exam is given in an offline mode and only happens once a year.

NPAT: NMIMS NPAT is an entrance exam for BBA, BSc (Finance), BSc (Economics), BCom (Hons), and BA (Hons) Liberal Arts, among other undergraduate courses that is held after the twelfth grade. NMIMS offers UG admission based on the NPAT results at its several campuses in Mumbai, Shirpur, Bengaluru, Hyderabad, Navi Mumbai, Indore, and Dhule. The test is administered using a computer at the testing facility.

LPUNEST: The National Entrance and Scholarship Test, or LPUNEST, is used to determine eligibility for admission to various programs at Lovely Professional University. For most programs, this test serves as the basis for eligibility and financial aid, but for some programs, the test is just relevant for financial aid. For admission to more than 150 programs, it is conducted yearly online. The test serves as a scholarship test as well as an entrance test.

SET: Symbiosis University administers the SET exam at the college level to admission students to its UG and Integrated Courses programmes. Admission will be available in the fields of management, law, economics, and more. Every year, a number of cities around the nation host the online SET exam.

The majority of the entrance exams for BAF Admission are aptitude tests. These entrance tests typically consist of four to five components. English, General Awareness, Analytical Ability, and Logical Reasoning are among the topics covered in the BAF entrance exam syllabus. Each topic in the test has the same number of points. For each section, roughly 20–25 questions have been developed. There are around 120 questions on the entrance exam paper. Each portion must be qualified for, so students should equally prepare for each subject. Most entrance tests also allow for negative marking.

Types of BAF Programs

Every student has a particular learning style and set of circumstances, therefore a single teaching method cannot be appropriate for all pupils. For a single study programme, there are numerous learning strategies that were developed with the needs of the students in mind. Following are the most typical BAF degree categories available in India:

Full-time BAF Course: The most popular degree program offered by practically every institution in India is a full-time BAF. Classes are given daily for this regular course. Most students prefer to enroll in the full-time BAF course because it is the most popular sort of degree program. A full-time BAF requires about 50% in the 10+2 and passing an entrance exam as requirements. There are several admission tests held for this reason. The most popular tests among them are DUAT, SET, NPAT, etc. In Indian universities, the average full-time BAF course fee ranges from INR 40,000 to INR 1,50,000.

Part-Time BAF Course: A degree program called the Part-Time BAF is taught part-time. The Bachelor of Accounting and Finance is appropriate for students majoring in business. Joining this part-time BAF program is an option for those who have completed their 10+2 education and wish to continue their education but lack access to the regular courses. Part-time courses are currently offered at several institutions. The working students who are enrolled in this part-time program will find it easiest to manage their time. They can work and learn at the same time when using this type of learning. Students receive the same work chances as they would in normal BFA courses, making it lucrative.

Online BAF: A bachelor's degree in accounting and finance known as an online BAF is offered through online classes in the field of commerce. Depending on the institute and the student, the online BAF can last anywhere between three and six years. Currently, several universities in India are using the online learning approach to teach a variety of courses, including BAF. These institutions include TNOU, IGNOU, Suresh Gyan Vihar University, and many others. The students who reside in places far from their college stand to gain the most from it. Additionally, this course is open to students with time or financial limitations.

BAF Distance Education Course: The previous few years have seen a rise in the importance of distance learning, which rose to the top of the agenda during the epidemic. Nowadays, conventional courses and distance learning are used in the majority of Indian colleges. There is no denying the numerous benefits of these courses. Students can receive instruction at a reasonable cost, in their preferred learning environment, etc. BAF distance learning courses include a merit-based admissions process. To qualify for BAF distant Admission, a student must receive a score of at least 50% or higher. Additionally, a diploma degree is also admissible for BAF distance admission.

IGNOU BAF Distance Education Course: The most well-known institution in India that provides online courses is Indira Gandhi NationalOpen University (IGNOU). IGNOU offers BAF as a distant learning option as well. IGNOU charges a BAF course fee of around INR 6000, which is significantly less than a standard BAF programme. IGNOU will consider students who have earned a 10+2 diploma or an equivalent qualification to be eligible for BAF admission.

BAF Syllabus

A wide range of topics that are pertinent to the business world are covered in the BAF course. Accounting fundamentals, macroeconomics, fundamental mathematics, financial accounting, introduction to finance, cost accounting, and so on are some of the topics covered. Along with the chosen subjects, there are also a lot of other subjects.

Below is the Bachelor of Accounting and Finance (BAF) three-year course's semester-by-semester syllabus.

BAF Top Colleges

These are recognized as the top universities in India for accounting and finance. The location, course fees, and placement package are provided below in a tabulated form.

City-wise college details for the BAF course are described below:

BAF Colleges in Mumbai: Numerous Indian students attend the colleges in Mumbai to complete their BAF degrees. 101 colleges in Mumbai provide the best BAF instruction. KJS College, HR College, ST. Xavier's College, and other renowned BAF colleges can be found in Mumbai.

BAF Colleges in Delhi: In Delhi, one can pursue a BAF degree in the field of commerce at one of the city's around 291 colleges. The best colleges in Delhi to pursue a BFA are The Hindu College, LSR College for Women, Shri Ram College of Commerce, Hans Raj College, and others. The typical annual cost for a BAF in Delhi Colleges ranges from about INR 12,500 to INR 2,10,000.

BAF Colleges in Bangalore: Bangalore has 199 colleges that offer BAF programs, including 22 public colleges and 177 private ones. These institutions include Christ University, Jain University, Mount Carmel College, and other UGC-recognized ones. In such institutes, the cost of studying BAF ranges from INR 75,000 to INR 2,50,000.

BAF Colleges in Hyderabad: In Hyderabad, there are 68 colleges that offer BAF programmes. There are 59 private institutions and nine state colleges among them. The annual tuition for BAF colleges in Hyderabad ranges from INR 11,000 to INR 15,5000. Osmania University, the Indian Institute of Management & Commerce, St. Joseph Degree, PG College, and others are some of the finest BAF colleges in Hyderabad.

Scope of BAF

A B.Com. Accounting and Finance graduates are qualified to work in a range of industries, including multinational corporations and international financial organizations.

• After gaining experience of more than five years, the starting salary as a senior-level analyst ranges from INR 6,50,000 to INR 11,00,000
• In India and foreign alike, finance is a rapidly expanding industry with enormous potential. One can become an expert in any area of study.
• Candidates with excellent math and management skills can advance quickly in their careers and reach positions such as director, CEO, or head of the finance organization, where they must analyze data and develop strategies to improve operational processes.
• In a world where new tax systems are implemented annually, candidates who value research will be in demand. The candidate must be knowledgeable about the most recent global financial and accounting trends.

BAF Course Fees

The typical tuition fee ranges from Rs 20,000 to Rs 1.5 lakh for admission to the Bachelor of Accounting and Finance program. The BAF course fee tends to be on the higher side for private colleges and the BAF course fee for government institutions is comparatively lower. Most of the top universities/ colleges tend to take admission for their BAF course via popular entrance exams and most of the private colleges/universities tend to take admission for the BAF course on merit basis i.e marks obtained by candidates in class 12th.

BAF Jobs and Salary

Candidates can expect job offers for a variety of roles related to Finance, Accounting, and Taxation because this course is so versatile and dynamic.

• Students who have completed a bachelor's degree in finance or accounting are eligible to work for any financial organization, public or private.
• Financial analysts with expertise are valued, and their compensation is also very competitive.
• After graduating, a career in government is a safe place to begin.
• To quickly advance in the hierarchy and receive a promotion, take this undergraduate course.
• International financing, taxation, auditing firms, real estate financing, and budget analysis are the areas where candidates can begin their careers and grow exponentially.
• The expected average salary for a new hire might range from INR 3 LPA to INR 8 LPA depending on their skill set and work experience.

A few of the popular job roles that BAF graduates can take up after the completion of the course along with their respective salaries are mentioned below: