B.Com (Accounting & Finance) – BAF

B.Com (Accounting & Finance) - BAF

Whether one works as an executive or at entry level, the work environment now demands broadened mindsets and qualifications for diverse positions. The changing workforce, recent economic downturn and changing demographics are all contributors to this paradigm shift. Technical and specialized skills, honed to an art today, may indeed become obsolete in the near future. Furthermore, traditional degrees become outdated and even irrelevant in the modern workforce. It is essential that employees continue to expand their current knowledge base and skill sets to add personal value in their organizations. A specialized degree does just that, in addition to preparing the student for continued growth and life-long learning. It is with this objective in mind that the University of Mumbai has introduced two new Bachelor of Commerce degrees which encompass a shift from general education to professional education.

These degrees aim at :

  • Creating for the students of University of Mumbai an additional avenue of self- employment and also to benefit the industry by providing them with suitable trained persons in the field of Accounting & Finance. Banking and Insurance.
  • Preparing students to exploit opportunities, being newly created in Banking & Insurance, Accounting and Finance as the profession due to Globalization, Privatization & Liberalisation.
  • To provide adequate basic understanding about Banking, Insurance & other financial services to the students and to give an adequate exposure to operational environment in the field of Banking, Insurance & other related financial services of Accounting and Finance.
  • To inculcate training, and practical approach, by organizing industrial visits, summer placements and using modem technology in teaching the students in the field of Accounting & Finance and Banking & Insurance.

SEMESTER - I (7 Papers)

  1. Financial Accounting Paper I
    • Elements of Financial Accounting
  2. Cost Accounting Paper I
    • Introduction & Elements of Cost
  3. Economics Paper I
    • Micro Economics
  4. Commerce Paper I
    • Business Environment
  5. Accounting with use of Accounting Software I
    • Introduction & Applications
  6. Business Communication Paper I
    • Introduction & Principles
  7. Foundation Course
    • Commercial Enviornment - I

SEMESTER - II(7 Papers)

  1. Financial Accounting Paper II
    • Special Accounting Areas
  2. Auditing Paper I
    • Introduction & Planning
  3. Financial Management Paper I
    • Introduction to Financial Mgt.
  4. Taxation Paper I
    • Indirect Taxes Paper I
  5. Business Law Paper I
    • Business Regulatory Framework
  6. Quantitative Methods for Business Paper I
  7. Business Communication Paper II
    • Application in Business




  1. Information Technology in Accountancy - I
  2. Business Law - II
  3. Business Economics - II
  4. Foundation Course –III (Financial Market Operations)
  5. Electives: (select Any Three)
    • Financial Accounting - III
    • Cost Accounting - II
    • Auditing - II
    • Taxation - II
    • Principles & Practices of Banking



  1. Information Technology In Accountancy - II
  2. Business Law – III
  3. Research Methodology
  4. Foundation Course – IV (Introduction to Management)
  5. Electives: (select Any Three)
    • Financial Accounting - IV
    • Taxation - III
    • Auditing - III
    • Wealth Management
    • Management Accounting




  1. Financial Accounting - V
  2. Financial Accounting - VI
  3. Electives (select any Four)
    • Cost Accounting - III
    • International Finance
    • Financial Management - II
    • Financial Analysis & Business Evaluation
    • Taxation - IV (Indirect Taxes - II) Management - II (Management Applications)



  1. Financial Accounting - VII
  2. Project Work
  3. Electives (select any Four)
    • Cost Accounting - IV
    • Security Analysis & Portfolio Mgmt.
    • Financial Management - III
    • Management Control Systems
    • Taxation - V (Indirect Taxes - III) Economics Paper - III (Indian Economy)

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