Programme outcome/programme specific outcome
Bachelor of Accounting and Finance or BAF is an undergraduate program for studies in the subject of Accounting and Finance. This course allows students to obtain knowledge and skills required to manage and handle various accounting and financial management activities across various forms of organization. This course covers the core areas of accounting and financial management. Apart from this the course also emphasizes on subjects like Business Law, Business Mathematics, Research in the area of accounting and Finance, Economics, human values, auditing, taxation etc. to make the course more holistic in approach. The main objective of this course is to provide deeper understanding of accounting and financial management with the help of updated and latest reference material and to be taught with practical orientation to make the students ready to make a mark in the industry. The Accounting and Finance program provides a solid foundation in the various fields of accounting such as financial accounting, cost accounting, management accounting and in the field of financial management. Further the course focusses on the preparation, presentation analysis, compliance, taxation and the accounting framework applicable to the entities, to make the students well versed in the field of financial accounting. Along with that the course also focusses on developing the analytical angle of the students which helps the students to dissect the financial statements, interpret and analyze them for the purpose of taking decisions. The new curriculum of Bachelor of Accounting and Finance offer students’ core papers that help build their foundation in the area of accounting and financial management. The choice of electives and skill enhancement courses enable students to pursue an area of their interest in the field of accounting and financial management. The contents of each course have been carefully designed to prepare students with knowledge and skill sets that will not only make them industry ready but also foster entrepreneurial and innovative thinking. To comply with the education policy of Government of India, the syllabus includes Online Courses (OLC), which is available on NPTEL or SWAYAM portals under MOOCS programme being developed by MHRD. The online courses would inculcate the habit of self-study at their own pace by the students and also acclimatize them to future technologies of learning processes
Course Outcomes
Financial Accounting I- UC-FAF-101
Students will revisit and strengthen fundamental accounting principles and processes, learn relevant accounting standards, accounting treatment for depreciation and other special transactions culminating in the preparation of financial statements of manufacturing concerns.
Cost Accounting I- UC-FAF-102
Understanding Costing Concepts and its usages. This helps ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making
Macro Economics UC-FAF-103
Students will learn how the economy functions, how trade with the rest of the World affects the Country, different macro-economic models of different economists and how they apply to the real World and the role played by the Government and Central Banks in stabilizing the economy under different conditions
Information Technology - UC-FMS-104
The above objective will help student to be a professional when it comes to working with the backing sector and corporates.
There are well equipped with the hands-on skill for the Industry.
We are making them professional in a way that one can be qualified to be a Literate in the Field of Information technology
Student will gain basic knowledge of Software and hardware along with Microsoft office Skills
Today we want our students to be market oriented so we have e module to know more about cyber-crime and technology with regards to handle misuse of internet
Foundation Course - I (Indian Society and State)- UC-FAF-105
Enhanced understanding of current challenges and issues of Indian society.
A sensitized approach towards social problems plaguing Indian society ability to address the same.
Increased awareness towards environmental issues.
Business Law I- UC-FAF-106
Role of law in economic, political and social context
Understand the legal and fiscal structure of different forms of business organizations and their responsibilities as employer
Relevance of law to individuals, business and organization
Understand the laws related to consumer protection
Business Mathematics and Statistics -I UC-FAF-107
It will enable students to apply basic mathematical techniques to daily walks of like It will enable students to understand how the finance industry carries out simple calculations It will empower students to understand the introduction to statistics and how averages are used to compute variables
Financial Accounting II - UC-FAF-201
The subject focuses on creating an in depth understanding of the concept of corporate accounting from a general perspective to a more specific one considering the application in all the organizations. It will also provide practical training in conceptual application of different scenarios that industry come across on a day to day basis.
Cost Accounting II- UC-FAF-202
This course is not just about controlling the costs but also uses the information for managerial decision making. The fundamental objective of strategic cost management and its methods is to gain a sustainable competitive advantage by way of product valuation at different stages and recognizing the profits made at each stage.
Auditing I- UC-FAF-203
Student will understand the audit process from the engagement planning stagethrough completion of the audit, as well as the rendering of an audit opinion via the various report options.
Student will understand auditors‟ legal liabilities, and be able to apply case lawin making a judgment whether auditors might be liable to certain parties;
Student will understand to describe the various levels of persuasiveness of different types of audit evidence and explain the broad principles of audit sampling techniques;
Student will understand to discuss the need for an independent or external audit and describe briefly the development of the role of the assurance provider in modern business society;
Student will be able describe the quality control procedures necessary to ensure that acompetent assurance engagement is performed, and apply professional ethicsincluding Code of Conduct to specific scenarios
Student will explain the internal audit process including the professional standardsapplicable to the internal audit profession.
Business Communication UC – FAF-204
By the end of this course students would be able to:
Enhance listening, speaking, reading and writing skills to meet the challenges in the business environment
Understand the importance of communication methods and channels in order to successfully use them in professional settings
Understand and demonstrate the use of basic and advanced writing techniques
Confidently participate in meetings, conferences, interviews and group discussions
Foundation Course - II (Human Personality and Society) - UC-FAF – 205
The subject will enable the students to appreciate the importance of understanding self and group behaviour.
Students will understand the importance of a team and contribution of team building to the success of the organization.
Understand leadership qualities and motivating factors relevant to human beings well.
Business Law II- UC-FAF-206
Role of law in economic, political and social context
Understand the legal and fiscal structure of different forms of business organizations and their responsibilities as employer
Relevance of law to individuals, business and organization
Awareness of laws related to employee’s compensation management
Business Statistics UC – FAF-207
The subject will enable students to apply quantitative techniques in various fields including research, corporate and the professional World.
It will enable the students to apply these theories and make correct future estimates
The students will learn how to analyse complex situations and apply statistical techniques to the same.
CORPORATE LAWS – III
Role of law in economic, political and social context
Understand the legal and fiscal structure of different forms of business organizations and their responsibilities as employer
Relevance of law to individuals, business and organization
Financial Accounting –III
Learning Outcomes: This course provides comprehensive understanding of accounting treatments for amalgamation, conversion and sale of partnership firms.
Information Technology
The above objective will help student to be a professional when it comes to working with the banking sector and corporates.
There are well equipped with the hands-on skill for the Industry.
We are making them professional in a way that one can be qualified to be a Literate in the Field of Information technology
Student will gain basic knowledge of Tally and POWER BI Software Skills which is of great demand in the market
Today’s we want our students to be market oriented so we have enable the module of MIS and Business process to make them give an exposure of Software related to MIS and Business process
Foundation Course (Financial Markets and Services)
Students will be aware about the various investment avenues prevalent in the financial markets.
Understand the role and importance of commodities and derivatives markets
The students will learn about the fund and fee based financial services
Foundation Course (Contemporary Issues - 1)
An improved understanding of socio-economic and human rights issues in India after globalization.
Awareness of India’s environmental commitments
A developed scientific attitude.
COST ACCOUNTING – III
Understanding Costing Concepts and its usages. This helps ascertainment of cost, fixation of selling price, proper recording and presentation of cost data to management for measuring efficiency and for cost control and cost reduction, ascertaining the profit of each activity, assisting management in decision making.
Auditing II
To develop understanding of Auditing standards and their application in the Industry to ensure procedure of company audit.
Direct Taxes – I
Students will be able to identify the technical terms related to direct taxation.
Students should be able to determine the residential status of an assessee and thus should be able to compute the taxable income of assessee with different residential status.
Students will be able to understand the various benefits/ deductions under Chap VI-A of the Income tax act, 1961 that are to be reduced from the gross total income of the assessee.
Students will be able to compute the net total income and the total tax liability of an individual assessee considering the income from all heads of income and the deduction under Chap VI- A of the Income tax act,1961.
Students will be able to compute the taxable income and tax for a partnership firm.
Financial Management –I
To develop financial analysis skills
To understand the importance and use of ratio analysis.
CORPORATE LAWS – II
The students will be able to understand how law is important in day to day life.
The students will be able to identify and understand various laws applicable to individual and business concerns.
The students will get elementary knowledge about process of various legal transactions that occurs in the business world.
The students will get knowledge of how to exercise their legal rights in case of breach / violation in transactions in the business world.
Financial Accounting -IV
This course provides comprehensive understanding of preparation of Final Accounts of Companies and Limited Liability Partnerships.
Business Research Method
Learners are expected to demonstrate an understanding of research methodologies.
Identify the overall process of designing a research study from its inception to the report stage.
Imbibe data collection, analysis, and interpretation and presentation skills at par with globally accepted standards.
It provides a solid foundation for development of rational problem solving skills and analytical thinking that can last throughout their education and subsequent professional careers
Foundation Course (Intro to Management)
It will make students a better future managers and leaders
It will help students to be more decisive and improve their decision-making skills.
It will create awareness amongst students about the complexities of the business and enable them to tackle the issues and challenges of the organization in a better way.
Students will be able to design better organizational structure, policies, processes and procedures in order to attain the organizational objectives.
Students will not only understand the in - depth essentials of management and functioning of the organization but will be also able to judge the needs, wants and motivation levels of their human resources, which will help them to align individual interest with the organizational requirement
Foundation Course (Contemporary Issues – 2)
A better understanding of India’s rise as an economic power.
Developed awareness of India’s strengths and capabilities on domestic and international front.
Relevance of the wisdom of culture, political values and foreign policy for improved relations
Auditing III
To develop understanding of Audit under CIS environment and other requirements of auditing
Direct Taxes – II
To make the students understand the basic concepts, definitions and terms related to direct taxation.
To make the students understand the concept of residential status thus making them understand the scope of total income for an assessee with different kinds of residential status.
To make students understand the various heads under which income can be earned in India. To make students understand the procedure for computation of income under various heads namely income from salaries, house property, business/ profession, capital gains and income from other sources. Students will be able to compute income from salaries, house property, business/profession, capital gains and income from other sources
To help the students to understand the various deductions under Chap VI-A of the Income tax act, 1961.
To make the students determine the net total taxable income of an assessee after reducing the deductions from the gross total income earned from all or either of the five heads of income and also to compute tax based on slab rates.
To help the students understand the computation of income and tax for a partnership firm.
Financial Management -II
To develop understanding of Leverages, Management of Working Capital.
To help students analyse the Cash flow statements.
