BAF Subjects and Syllabus 2024

Updated on - Feb 15, 2024

The BAF subjects include accounting, finance, taxation, auditing, and risk management, with the added topics of the Bachelor of Commerce. The BAF syllabus is covered over six semesters, with a focus on projects and internships.

The core BAF subject covers topics related to microeconomics, macroeconomics, auditing, financial management, and business regulatory framework. Students can also elective subjects like international finance, indirect taxes, corporate governance and ethics, etc.

The BAF course helps students to learn technical knowledge related to capital budgeting, risk assessment, and time value of money which helps them to work in a range of roles like financial analyst, risk analyst, consultant, etc.

Table Of Contents

BAF Subjects - Core & Electives
Semester Wise BAF Syllabus

BAF Subjects - Core & Electives

The BAF course provides a comprehensive understanding of accounting and finance principles and prepares students for a career in the field. Bachelor of Accounting and Finance subjects are generally divided into two categories: core and elective subjects. The BAF subjects list consists of the following:

Core BAF Subjects

Below listed are the BAF core subjects along with topics covered in each subject:

BAF Core Subject	Topics Covered
Micro-Economics	Supply and Demand, Market Structures, Consumer Behavior, Elasticity, Production and Cost, Market Failures, Utility, Game Theory
Direct Tax	Income Tax Act, Tax Deductions, Taxable Income Calculation, Capital Gains Tax, Tax Planning, TDS, Advance Tax, Tax Return Filing
Business Communication	Written Communication, Oral Communication, Business Correspondence, Presentation Skills, Report Writing, Business Etiquette, Interpersonal Skills, Cross-Cultural Communication
Cost Accounting	Cost Concepts, Cost Behavior, Cost-Volume-Profit Analysis, Budgeting, Standard Costing, Variance Analysis, Activity-Based Costing
Financial Accounting	Accounting Principles, Financial Statements, Journal Entries, Ledger, Trial Balance, Financial Ratios, Cash Flow Statements
Business Statistics and Mathematics	Probability Distributions, Descriptive Statistics, Regression Analysis, Time Series Analysis, Correlation, Mathematics for Business Applications
Information Technology Application in Business/Accounting	Accounting Software, Database Management, E-commerce, IT Security, ERP Systems, Data Analysis Tools, Information Systems in Accounting
Management Concept Basics	Planning, Organizing, Directing, Controlling, Decision Making, Organizational Structure, Leadership Styles, Motivation Theories
Business Law	Contract Law, Company Law, Partnership, Sale of Goods Act, Negotiable Instruments, Consumer Protection, Competition Law
Macro Economics	National Income, Unemployment, Inflation, Fiscal Policy, Monetary Policy, Economic Growth, International Trade, Economic Indicators
Auditing	Audit Planning, Internal Control, Audit Reports, Audit Evidence, Audit Sampling, Forensic Audit, Independence and Ethics in Auditing
Financial Management	Capital Budgeting, Working Capital Management, Capital Structure, Dividend Policy, Risk Management, Time Value of Money, Leverage, Financial Markets
Business Regulatory Framework	Regulatory Environment, Business Ethics, Corporate Governance, Legal Aspects of Business, Regulatory Compliance, Business and Society

BAF Elective Subjects

Below listed are elective subjects in BAF which may vary from college to college:

BAF Elective Subjects	Topics Covered
Indirect Taxes	Goods and Services Tax (GST), Customs Duty, Excise Duty, Service Tax, VAT, Central Sales Tax, Entertainment Tax, State-specific Taxes
Portfolio Management and Security Analysis	Asset Allocation, Risk Assessment, Security Valuation, Portfolio Diversification, Fundamental Analysis, Efficient Market Hypothesis, Capital Market Theory, Modern Portfolio Theory
Corporate and Security Law	Company Law, Securities Regulation, Corporate Governance, Mergers and Acquisitions, Insider Trading, Corporate Compliance, Corporate Ethics, Legal Aspects of Contracts, Corporate Social Responsibility (CSR)
International Finance	Foreign Exchange Markets, Global Capital Flows, Exchange Rate Mechanisms, International Trade Finance, Cross-Border Investments, Multinational Corporations, Hedging Strategies in Global Markets
Corporate Governance and Business Ethics	Board Practices, Ethical Decision-Making, Corporate Social Responsibility (CSR), Whistleblowing, Corporate Citizenship, Stakeholder Management
Operations Research	Optimization, Decision Analysis, Quantitative Techniques, Linear Programming, Game Theory, Queuing Theory, Simulation, Network Analysis, Inventory Management
Advanced Financial Services	Financial Planning, Wealth Management, Risk Management in Financial Services, Financial Derivatives, Financial Advisory, Financial Regulations, Fintech in Financial Services
Entrepreneurship Management	Business Start-ups, Innovation and Creativity, Business Model Development, Funding and Financing, Market Research, Risk Management for Entrepreneurs, Social Entrepreneurship
Investment Analysis	Financial Markets, Equity Research, Derivatives, Technical Analysis, Fundamental Analysis, Investment Strategies, Behavioral Finance, Portfolio Optimization
Forensic Accounting	Fraud Detection, Investigation Techniques, Forensic Auditing, Financial Crime Prevention, Legal Aspects in Forensic Accounting, Cyber Forensics

Semester Wise BAF Syllabus

The BAF syllabus is designed to prepare students to learn techniques and methods commonly used in the banking sector. In the curriculum, students study a wide range of financial, accounting, business, taxation, cost accounting, commerce, economics, and risk management.

The following is the semester-wise BAF syllabus along with BAF subjects:

BAF First Year Syllabus

BAF 1st year syllabus focuses on fundamental concepts related to financial accounting, business communication, business economics, business mathematics and statistics, business law, etc. The table below contains the BAF subjects 1st year:

Semester I	Semester II
Foundational Cost Accounting-I	Business Communication-II
Business Environment	Special Accounting Areas- I
Micro Economics	Financial Accounting-II
Foundation Course-I (Commercial Environment)	Business Regulatory Framework- I
Financial Accounting-I	Direct Taxation-I
Business Communication-I	Business Statistics and Mathematics-I

BAF Second-Year Syllabus

BAF 2nd year syllabus covers topics like amalgamation, reconstruction, liquidation, and holding company accounts, capital budgeting, working capital management, dividend decisions, etc. The table below contains the BAF semester 3 subjects and BAF semester 4 subjects:

Semester III	Semester IV
Macro Economics	Special Accounting Areas-III
Methods of Cost Accounting-II	Financial Market Operations
Techniques of Auditing and Audit Procedures	Information Technology Application in Business/Accounting
Special Accounting Areas-II	Direct Taxes-II
Business Regulatory Framework-II	Foundation Course -II (Value Education and Soft Skill)
Introduction to Management	Company Law
Business Statistics and Mathematics-II	Financial Accounting-IV

BAF Third-Year Syllabus

BAF 3rd year syllabus focuses on concepts related to complex accounting principles, enhance their skills in financial analysis, and provide comprehensive knowledge of legal and regulatory frameworks governing business practices. The table below contains the BAF subjects in the 3rd year syllabus:

Semester V	Semester VI
Financial Accounting -V	Financial Accounting -VII
Cost Accounting-III	Cost Accounting – IV
Financial Management -I	Financial Accounting – VIII
Project Work	Financial Management-II
Financial Accounting-VI	Elective-II
Elective-I	Internship/Project Work-II
Direct Taxes-III	-

College-Wise BAF Syllabus

The BAF syllabus differs depending on the structure and aim of the program across institutions. Students can get the BAF syllabus pdf from the university website to better grasp a better understanding of the BAF subjects offered by specific institutions. The following is the BAF syllabus of top colleges offering the course:

HR College of Commerce and Economics BAF Syllabus

BAF syllabus at HR College of Commerce and Economics helps students with theoretical foundations and practical applications, honing analytical skills crucial for the accounting and finance sector. Below listed is the BAF subjects list:

Semester 1	Semester 2
Macro Economics	Business Law-II
Financial Accounting-I	Financial Accounting-II
Cost Accounting-I	Cost Accounting-II
Business Law-I	Auditing-I
Business Statistics and Mathematics-I	Understanding Business Communication
Information Technology Basics	Business Statistics and Mathematics II
Indian Society and State: Contemporary Issues	Human Society and Personality

Semester 3	Semester 4
Financial Accounting-III	Financial Accounting-IV
Cost Accounting-III	Concept of Corporate Law-II
Concept of Corporate Law-I	Accounting and Finance Research Methodology
Accounting IT-I	Cost Accounting-IV
Auditing-II	Management Concepts
Direct Taxes-I	Auditing-III
Financial Management-I	Direct Taxes-II
Understanding Financial Market and Services	Financial Management-II

Semester 5	Semester 6
Financial Accounting-V	Financial Accounting-VII
Financial Accounting-VI	Project Work
Elective-I	Elective-I
Elective-II	Elective-II
Elective-III	Elective-III
Elective-IV	Elective-IV
Internship	-

Mumbai University BAF Syllabus

Mumbai University BAF subjects focus on understanding key concepts related to financial accounting, management accounting, taxation, and business law. Below listed is the BAF subjects semester wise for Mumbai University

Semester 1	Semester 2
Business Environment -I	Foundation to Innovative Financial Services
Understanding Business Economics-I	Business Law Foundation
Business Communication-I	Auditing-I
BAF Foundation Course	Business Communication-II
Financial Accounting-I	Concept of Business Mathematics
Cost Accounting-I	Financial Accounting-II
Financial Management-I	-

Semester 3	Semester 4
Advanced Business Law	Financial Accounting-IV
Understanding Business Economics-II	Advanced Direct Tax Concepts
Direct Taxes Concept	Management Accounting
Financial Accounting-III	Auditing-III
Banking Principles and Practices	Understanding Wealth Management
Skill Enhancement Course	Elective-I
Ability Enhancement Course	Skill Enhancement Course
-	Ability Enhancement Course

Semester 5	Semester 6
Financial Accounting-V	Project Work
Financial Accounting-VI	Viva
Elective -II	Research Methodology Basics
Elective-III	-
Summer Internship	-

Bachelor of Accounting and Finance Course Structure

The BAF course is a mix of theoretical learning and practical application of accounting and financial concepts. It is mandatory to complete a research project by the end of the sixth semester to gain practical and theoretical skills. The following is the course structure:

VI Semesters
Core Subjects
Elective Subjects
Practical Workshops
Research Project/Thesis Submission

BAF Teaching Methodology and Techniques

The BAF syllabus integrates a variety of methods of teaching accounting and finance with new technologies. The students are also exposed to electives from different specializations in addition to lectures and practicals.

In general, the following teaching methods are used:

Questioning and Testing
Explaining and Lecturing
Case Study
Group Projects
Guest Lectures
Internship

BAF Projects

The BAF curriculum includes research projects that will help students gain experience in managing projects in actuarial firms. BAF course projects will teach students about factors that influence the success of research projects and strategies for implementing them.

The following are some of the most popular BAF project topics:

Use of Financial Statements in Assessing an Organization’s Performance.
Effect of Budgetary Controls on Organizational Performance.
An Analysis of Union Bank’s Performance Appraisal Process.
Enhancing Accountability and Transparency in Corporate Organizations through Audit Independence.

BAF Books

BAF books help students understand the concepts related to financial accounting, budgeting, financial management, etc. Below listed are a few important BAF books for reference:

BAF Books	Topics Covered	Author
Financial Accounting	Accounting Principles, Financial Statements, Transactions, etc.	Dr. S. M. Shukla
Management Accounting	Costing, Budgeting, Decision Making, etc.	Dr. S. M. Shukla
Business Law	Contract Law, Company Law, Legal Aspects, etc.	M. C. Kuchhal
Corporate Accounting	Consolidation, Mergers, Amalgamation, etc.	Naseem Ahmed
Cost Accounting	Cost Concepts, Costing Methods, Cost Analysis, etc.	M. N. Arora
Business Mathematics	Mathematical Tools, Financial Mathematics, etc.	Dr. A. C. Gupta

BAF Fee Structure

FAQs

What are the subjects in BAF?

The BAF subjects cover financial accounting, cost accounting, management accounting, auditing, taxation, financial management, economics, business law, and quantitative techniques.

What are the BAF elective subjects?

The BAF elective subjects are Marketing of Financial Services, Alternative Investment, Enterprise Risk Management, etc.

Which project topics can I select for the BAF dissertation project?

Some of the popular BAF dissertation topics are The growth of the banking sector in developing nations, Role of privatization in the banking sector, Analysis of banks’ Performance appraisal processes, etc.

What are the important BAF books in the first year?

The important BAF books in the first year are Financial Accounting by J. R. MONGA, Cost Accounting by Nirmal Gupta & Chhavi Sharma, Guide to Companies Act by Ramaiya A, etc.

What is the duration of BAF each semester?

The average duration of each semester of the BAF course is 6 months.

How are assessments done in BAF course?

Assessments in BAF course are done on the basis of exams, projects, case studies, presentations, etc.

What topics are covered in the advanced finance course?

Topics like derivative securities, financial modeling, advanced portfolio management, etc., are covered in advanced finance subject.

What topics are covered in BAF sem 2 subjects?

Topics like transaction recording, preparation of financial statements, time value of money, risk and return, capital budgeting, etc., are taught in BAF 2nd sem subjects.