Bachelor of Commerce in Accounting and Finance popularly known as BAF Course is an undergraduate programme that provides training in the areas of accounting and finance which is offered by many universities in India. This course was introduced by the University of Mumbai in the year 2003-04. The duration of the course shall be six semesters spread over in three years. The objective of this course was to improve self-employment and provide benefits to the organizations by providing them with suitable trained persons in the field of Accounting & Finance by mode of interaction, presentations, projects, industrial visits and practical training. BAF degree will help you to gain knowledge in areas like financial accounting, Cost accounting, Auditing, IT, Taxation, Economics and Business Law, Business communications. After completion of BAF applicants can pursue many courses such as Company Secretary Ship course, Master in Commerce (M.Com), Master of Business Administration (MBA) in Finance or an MS in Finance and Accounting.

BAF Course Eligibility Criteria

Candidates are eligible for the examination only if they satisfy following condition:

  • Candidates must pass in HSC Exam with specialization in any of the areas of Arts, Science or Commerce from the University can apply for this course.
  • Candidates should be passed from the Maharashtra State Board of Higher Secondary Education or its equivalent examination or Diploma course in any Engineering Branches to apply for the admission.
  • Candidates must score an aggregate of at least 45% marks in the exam to apply for the admission.

BAF Course Syllabus

First Semester

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

BAF Course

Second Semester

  • Financial Accounting-II
  • Auditing-I
  • Financial Management-I
  • Taxation-I
  • Business Law-I
  • Quantitative Methods for Business-I
  • Business Communication-II

Third Semester

  • Financial Accounting-III
  • Cost Accounting-II
  • Auditing-II
  • Economics-II
  • Management-I
  • Business Law-II
  • Quantitative Methods for Business-II

Fourth Semester

  • Financial Accounting-IV
  • Management Accounting-I
  • Taxation-II
  • Commerce-II
  • Business Law-III
  • Information Technology-II
  • Foundation Course-II

Fifth Semester

  • Financial Accounting- V
  • Cost Accounting- III
  • Financial Accounting-VI
  • Management Accounting- II
  • Taxation- III
  • Economics-III

Sixth Semester

  • Financial Accounting- VII
  • Cost Accounting –IV
  • Auditing- III
  • Financial Accounting- VIII
  • Taxation-IV
  • Management-II

BAF Exam Pattern

Credit Based Evaluation System

Scheme of Examination

The performance of the learners will be evaluated in two Components. One component will be the Internal Assessment component carrying 25% marks and the second component will be the Semester-wise End Examination component carrying 75% marks. The allocation of marks for the Internal Assessment and Semester End Examinations will be as shown below:-

  1. a) Internal Assessment–25% (25 Marks)

For Courses with Practical

Sr. No. Particulars Marks
1 One class test * 20 Marks
2 Active participation in routine class instructional deliveries and overall  conduct  as  a  responsible  learner,  mannerism  and articulation  and  exhibit  of  leadership  qualities  in  organizing related academic activities 05 Marks

For Courses without Practical

Sr. No. Particulars Marks
1 Semester End Practical Examination 20 Marks
Journal 05 Marks
Viva 05 Marks
Laboratory Work 10 Marks
2 Active participation in routine class instructional deliveries and overall  conduct  as  a  responsible  learner,  mannerism  and articulation  and  exhibit  of  leadership  qualities  in  organizing related academic activities 05 Marks

b) Semester End Examinations – 75% (75 Marks)                             

1.Duration–These examinations shall be of 2.5 Hours duration

2. Theory question paper pattern

  • There shall be five questions each of 15 marks.
  • All questions shall be compulsory with internal choice within the questions.
  • Question may be subdivided into sub-questions a, b, c… and the allocation of marks depends on the weightage of the topic.

Passing Standard

Applicants must obtain a minimum of 40% marks in aggregate for each course where the course consists of Internal Assessment and Semester End Examination. The distribution of 40% marks (i.e. 10 out of 25) in the Internal Assessment and 40% marks in Semester End Examination (i.e. 30 Out of 75) separately, to pass the course and minimum of Grade E to pass a particular semester. Applicant will be said to have passed the course if the applicant passes the Internal Assessment and Semester End Examination together.

Important Note: Question Paper Pattern for Periodical Class Test for Courses at UG Programmes Written Class Test (20 Marks)

1. Match the Column / Fill in the Blanks / Multiple Choice Questions 05 Marks
(½ Marks each)
2. Answer in One or Two Lines (Concept based Questions) 05 Marks
(1 Mark each)
3. Answer in Brief (Attempt Any Two of the Three) 10 Marks
(5 Marks each)

 Top 10 BAF Colleges in Mumbai

  1. R. College
  2. P.B. Hinduja College
  3. Lala Lajpatrai College
  4. KC College
  5. NM College
  6. Andrews College
  7. Nagindas Khandwala College
  8. Kelkar College
  9. S. Raheja College
  10. Dalmia College

Courses after BAF

  • Masters in Commerce (Finance)
  • Masters in Cost Control and Control Accounts
  • Masters in Corporate Accountancy
  • Masters in Advanced Accountancy
  • Masters in Accounting and Finance
  • Masters in Accounting and Taxation
  • Masters in Accounting and Auditing
  • Masters in Accountancy and Business Statistics
  • Master of Business Administration in Cost and Management Accounting
  • Master of Business Administration in Finance
  • Chartered Accountant
  • Master of Financial Management (M.F.M. )
  • Master of Commerce M. Com. (E. Commerce )
  • Master of Financial Services Management (M.F.S.M.)
  • Diploma in Investment Studies (D.I.S.)
  • Diploma Course in E-Commerce & Financial Accounting Management.
  1. E-Commerce Technician
  2. Computerized Office Technician
  3. Computerized Financial Accounting Technician
  • PGDPA – Post Graduate Diploma in Professional Accounting
  • M.Phil. (Accounting)
  • Post Graduate Diploma in International Financial Accounting System (PGDIFAS)
  • ACCA – Association of Chartered Certified Accountants
  • Association of Chartered Certified Accountants
  • Certificate Course in Central Excise (CCCE)
  • Certificate Course in Financial Accounting & Taxation (CCFAT)
  • Certificate Course in Income Tax (CCIT)
  • Certificate Programme on Capital Markets (CPCM)

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  1. Is baf a good course with cima (chartered Institute of Management accountancy) ? Is it easy to cop up both together

  2. I just gave exams of 12th affiliated to HPBOSE Dharmshala, and I want to become a graduate with BAF . can I?? And is BAF is available in colleges affiliated with Delhi University or Bihar University or Bengal University?

  3. Hello sir, Komal here.I have just appeared for HSC 2017 n would like to pursue BAF. I want to make my career in banking field.Is BAF a good career option for banking line?

    • hi komal Durva here i recently went through all this courses myself also completed 12th commerce
      but if u want to join in banking line then there is other field i don’t exactly remember the name but its Bachelor in banking and insurance (near to that) i think that would be fruitful..

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