Sanskardham Kelavani Mandal's
Jashbhai Maganbhai Patel College of Commerce
Programmes -> BAF

 

Bachelor of Accounting & Finance (B.A.F.)

This is an integrated three year degree course divided into six semesters introduced & designed by Mumbai University keeping in view the following objectives: -

Objectives:

  1. To create for the students of Mumbai University an additional avenue of self employmentand also to benefit the industry by providing them with suitable trained persons in the field ofAccounting & Finance.
  2. To provide students with pragmatic knowledge in the field of Accounting & Finance.
  3. To provide adequate basic understanding about Accounting & Finance education.
  4. To prepare student to exploit opportunities ,being newly created in the Accounting & Finance profession./li>
  5. To give an adequate exposure to operational environment in the field of Accounting & Finance.
  6. To include training & practical approach by using modern technologies among the students in the field of Accounting & Finance.

Duration of Course:

  1. The course shall be full time course. The duration of the course shall be six semesters spread over three years.
  2. Intake capacity – 60 students.
  3. Semester I,II,III & IV shall consist of 7 papers each. Semester V& VI will have six papers each.
  4. Total number of lectures per paper per semester shall be maximum 55 of 50 minutes duration each.

FYBAF SEM I

Financial Accounting

  • Knowledge of Accounting Principles and its applicability.
  • Ability to evaluate financial results through examination of relevant data (i.e., income statement, balance sheet, cash flow statement and budgets).
  • To strengthen the practical knowledge regarding financial accounting

Commerce – I

  • The learner should develop the knowledge and skills required in the field of Business.
  • The learner should understand Microenvironment and Macro environment of Business.
  • The learner should understand the contemporary issues faced by Business and its Social responsibilities.
  • The learner should understand the Relationship between National and International Environment.
  • The learner learns about functions of Business.
  • The learner should understand that how Entrepreneurship and economic development of Enterprises takes place.
  • The learner should understand the rights of consumers and the concept of consumerism.

Financial Management

  • To acquaint students with the advanced concept of financial management and to develop financial strategies for the organization.
  • To provide practical understanding in computation of cost of capital, time value of money and liquidity management.
  • To strengthen the practical knowledge regarding financing.

Foundation Course – I

  • To make students socially aware of the societal problems and their personality
  • It covers topics like Human Rights, Globalisation and Indian society, Ecology, understanding stress and conflicts, Managing stress and conflict in contemporary society.

Economics – I

  • To understand the basic economics principles and their application
  • A strong foundation in economics helps a business decision maker track and forecast business trends and optimise use of resources.

Business Communication- I

  • To understand various aspects of communication.
  • To introduce students to the process of communication, the network of channels, the barriers that obstruct communication and the methods of communication
  • To highlight the importance of technology in business communication and correspondence
  • To hone the writing and speaking skills.

Cost Accounting - I

  • Explains cost accounting systems
  • Explains the purposes of cost accounting
  • Defines the concepts of cost, expense, loss and revenue
  • Explains the relationships between cost and financial accounting
  • Prepare production cost statement and cost of goods sold statement
  • Explains main manufacturing cost elements
  • Calculates inventory costs according to the inventory valuation techniques and makes journal entries of them
  • Calculates labor costs and records them
  • Calculates factory over head costs and records them

FYBAF SEM II

Auditing

  • To familiarize the students with the principles and procedure of auditing.
  • To enable the students to understand the duties and responsibilities of auditors and to undertake the work of auditing.
  • To aware about a thorough understanding of different types of audit work

Business Law

  • To provide a brief idea about the framework of Indian Business Laws
  • To enable the students to apply the provisions of business laws in business activities.
  • To provide knowledge regarding Indian Contract Act-1872

Industrial Law

  • The paper will help the students to understand the different rules and regulations framed for industries.
  • This course will help the students to tackle the different legal issues arising in industries.

IFS

  • This course will enable the students learn in detail about different aspects of Financial services.
  • Students will be aware about various services which will be used
  • This course being a theory will create practical implications.

Business Mathematics

  • To familiarize the students with different aspects of calculations of Annuity, Interest, Present values.
  • Calculation of Simple and Compound Interest.
  • Understand and use equations, formulae and mathematical expressions and relationships in a variety of contexts.
  • Apply the knowledge in mathematics in solving business problems
  • Demonstrate mathematical skills required in mathematically intensive areas in commerce such as Finance and Economics

Business Communication- II

  • It introduces students to the process of making effective presentations and moves on the various group communications, where individual and team work is equally important.
  • To hone the writing and speaking skills.

Financial Accounting II

  • The paper will help the students to understand the various accounting methods inrespective industry.
  • The course will help the students to gain basic knowledge of respective topics.

SYBAF SEM III

Financial Accounting III

  • Knowledge of sophisticated financial accounting topics such as business combinations, governmental accounting, partnership accounting and other advanced financial accounting topics (e.g., accounting for: leases, deferred income taxes, pensions, investments, long-term liabilities and earnings per share).
  • Knowledge of International Accounting Principles and the impact of global issues.
  • Ability to evaluate financial results through examination of relevant data (i.e., income statement, balance sheet, cash flow statement and budgets).
  • Ability to prepare a federal individual tax return.
  • Ability to use current technology (e.g., spreadsheet programs, general ledger software, enterprise resource planning and reporting languages).
  • Knowledge of auditing principles and techniques.
  • Knowledge of CPA exam education requirements, parts of the exam and topics included.
  • Knowledge of the role of the accounting profession in society, experience in community service and participation in the accounting society.
  • Ability to work as a team member recognizing benefits of collaborative behaviors in the accomplishment of group tasks.
  • Ability to understand ethical dilemmas that occur in accounting.
  • Effective communication skills including the ability to conceptualize complex issues into a coherent written statement and the ability to make effective formal and informal oral presentations.

Business Law (Business Regulatory Framework) – II

  • To provide a brief idea about the framework of Indian Business Laws.
  • To enable the students to apply the provisions of business laws in business activities.
  • To provide knowledge regarding Indian Contract Act-1872

Cost Accounting

  • To acquaint the students with different methods and techniques of Costing.
  • To enable the students to identify the methods and techniques applicable for different types of industries

Taxation – II Direct Tax – I

  • To make the students familiar with the direct tax law of the country and to give advanced level of knowledge on direct tax laws and computation and assessment.
  • To provide indepth practical knowledge in computation of taxable income and net tax liability of individuals

Foundation Course in Commerce (Financial Market Operations) – III

This paper will enable the students to understand the evolution of various aspects of financial markets which in turn will help them in framing the financial policies, development of financial instruments and processes and evolving the strategies during crisis.

Macro Economics
  • Understand macroeconomic principles, concepts, and theories.
  • Able to integrate theoretical knowledge to evaluate policy measures.

Information Technology in Accountancy - I

The primary aim of this course is to prepare students for successful careers as I.T. professionals to make a positive contribution to society. This aim will enhance the lives of our graduates and serve the needs of our constituents.

Upon graduation, students will be able to:

  • Analyse a complex computing problem and to apply principles of computing and other relevant disciplines to identify solutions.
  • Design, implement, and evaluate a computing-based solution to meet a given set of computing requirements in the context of the program’s discipline.
  • Communicate effectively in a variety of professional contexts.
  • Recognize professional responsibilities and make informed judgments in computing practice based on legal and ethical principles.
  • Function effectively as a member or leader of a team engaged in activities appropriate to the program’s discipline.
  • Identify and analyse user needs and to take them into account in the selection, creation, integration, evaluation, and administration of computing based systems.
  • Be able to use and apply current technical concepts and practices in the core information technologies.
  • Be able to effectively integrate IT based-solutions into the user environment
  • Understand best practices and standards and their application
  • Be able to assist in the creation of an effective project plan.

SYBAF SEM IV

Management Accounting

  • To enable students understand accounting methods and techniques used for decision making.
  • To provide students advanced knowledge in management accounting tools like ratio analysis ,fund flow analysis and cash flow analysis
  • To provide through understanding of price level accounting

Business Law

  • To provide a brief idea about the framework of Indian Business Laws.
  • To enable the students to apply the provisions of business laws in business activities
  • To provide knowledge regarding Sale of Goods Act, 1930 and Negotiable Instrument Act.

Financial Accounting - IV

  • To familiarize the students with the accounting principles and practices of various types of business other than company
  • To strengthen the practical knowledge regarding financial accounting

Research Methodology In Accounting And Finance

  • understand some basic concepts of research and its methodologies
  • identify appropriate research topics
  • select and define appropriate research problem and parameters
  • prepare a project proposal (to undertake a project)
  • organize and conduct research (advanced project) in a more appropriate manner
  • write a research report and thesis
  • write a research proposal (grants)

Taxation - II (Direct Taxes Paper- I)

  • To familiarise the students with Income Tax Act 1961 and to enable the students to know the provisions of Clubbing of Income and set-off.
  • To provide an insight regarding Computation of Income with Tax liability and also to make students aware about DTAA.
  • To provide the students with first hand information with calculations of TDS and interest and penalty.
  • To enable the students to plan and manage income tax.

Foundation Course in Management

  • To enable the students to obtain the basic knowledge and skills required in the field of management.

ITin Accountancy

The primary aim of this course is to prepare students for successful careers as I.T. professionals to make a positive contribution to society. This aim will enhance the lives of our graduates and serve the needs of our constituents.

Upon graduation, students will be able to:

Analyse a complex computing problem and to apply principles of computing and other relevant disciplines to identify solutions.

  • Design, implement, and evaluate a computing-based solution to meet a given set of computing requirements in the context of the program’s discipline.
  • Communicate effectively in a variety of professional contexts.
  • Recognize professional responsibilities and make informed judgments in computing practice based on legal and ethical principles.
  • Function effectively as a member or leader of a team engaged in activities appropriate to the program’s discipline.
  • Identify and analyse user needs and to take them into account in the selection, creation, integration, evaluation, and administration of computing based systems.
  • Be able to use and apply current technical concepts and practices in the core information technologies.
  • Be able to effectively integrate IT based-solutions into the user environment
  • Understand best practices and standards and their application
  • Be able to assist in the creation of an effective project plan.

TYBAF SEM V

Cost Accounting III

  • Makes costs allocations (first and second)
  • Explains cost from the view point of the relationship with cost centers
  • makes cost allocations according to the direct stepdown and mathematical techniques and records them
  • Calculates production cost according to the job cost system
  • Calculates production cost according to the job cost system
  • Explains the principles of job order costing system
  • prepares the documents that are with job cost system
  • Makes the accounting records
  • calculates product costs according to the process costing
  • Explains the flow of costs in process system
  • Explains the steps that will be used in process costing

Financial Accounting – VI

  • To enable the student in Preparation & presentation of corporate final account and for banks in accordance with banking regulations and for insurance companies in accordance with insurance legislation.
  • To Study of accounting standards prescribed by the institute of chartered accountants of India relevant for compilation of above accounts.
  • Study of accounting policies from annual reports of listed companies, banks and insurance companies.

Financial Accounting – V

  • The course will help the students to understand the different Accountings for companies.
  • It will help them to understand the accounting provisions and procedures for Shares Underwriting, Buy Back of shares, AS-14, Internal Reconstruction and how a company is Liquidated.
  • And Also to Study the accounting standards prescribed by the ICAI relevant for compilation of above accounts

Financial Management -II

  • To acquaint students with the advanced concept of financial management and to develop financial strategies for the organization.
  • To provide practical understanding in computation of cost of capital, time value of money and liquidity management.
  • To strengthen the practical knowledge regarding financing, investment, dividend policies.

Taxation – IV (Indirect Taxes – II)

  • To give the students a general understanding of the GST law in the country.
  • To provide an insight into practical aspects of GST and equip them to become tax practitioner.

International Finance

  • To give a detailed idea about macro environment on which financial transactions are carried out.
  • To give a comprehensive knowledge about ways and means of raising of finance by MNCs’.

TYBAF SEM VI

Security Analysis and Portfolio Management

  • To acquaint the learners with various concepts of finance
  • To understand the terms which are often confronted while reading newspaper, magazines etc for better correlation with the practical world
  • To understand various models and techniques of security and portfolio analysis

Financial Accounting – VII

  • The course will enable the student in Preparing & presenting final account of Electricity companies and Final account of Co-operative societyin accordance with the different provisions made by states for Co-operative society.
  • Also, the course will help them to understand the tactics of investment through Investment accounting and Accounting for Mutual Funds.
  • It will also help them to know the international finance reporting Standards.

Cost Accounting

  • To learn about the higher application of cost accounting techniques and methods.
  • To know the application of cost control techniques.

Taxation - Paper V (Indirect Taxes – III)

  • To make the students understand in depth knowledge of GST and provisions of payment of tax and refunds.
  • To make the students understand about customs act in detail with computation and calculations of assessable value and custom duty.
  • This course with not only help them elaborate their knowledge about taxation but also help them in applying it in real life.

Financial Management

  • At the end of this course students should be able to describe the dimensions of performance and risk relevant to financial firms. •
  • Calculate contemporary measures of financial measures of performance and risk
  • Describe contemporary managerial risk management oversight processes

BAF/B. Com (A&F) i.e. Bachelor of Accounting and Finance/ Bachelor of Commerce in Accounting and Finance is an undergraduate programme that was introduced by the University of Mumbai in the year 2003-04. The objective of introducing this course was to enable self-employment and provide skilled professionals in the field of Accounting & Finance to organizations. Teaching pedagogy includes interaction, Presentations, Projects, Industrial Visits, and Practical Training to build the skillset of BAF students to enable them to produce innovative solutions to problems, apply research skills to business challenges and communicate effectively.

This course was introduced by the University of Mumbai in the year 1999-2000 with an aim to create middle cadre management personnel. It is a three-year degree course, with six semesters. The course involves classroom teachings, projects presentations, industrial visits etc. to prepare students to face real world situations.

The BAF department is managed by three fulltime faculties and visiting faculties drawn from the industry and service sectors. The college has fully equipped computer laboratory and seminar room with audio-video facilities for students. The department takes keen interest in the overall development of students. Extra lectures are conducted for students who have difficulties in subject/s. The department also arranges lectures by experienced faculties drawn from other colleges.





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