“Accounting does not make corporate earnings or balance sheets more volatile. Accounting just increases the transparency of volatility in earnings.” – Diane Garnick

The University of Mumbai had initiated the Bachelor of Commerce (Accounting & Finance) course in 2003-04. One of the primary aims to introduce this course was to improve self-employment and provide benefits to the organizations by providing them with suitable trained individuals in the field of Accounting & Finance through the mediums of positive class interaction, practical projects, presentations, meaningful industrial visits, practical training, Job orientation and successful placements.

Program objectives or program outcomes

• Accounting graduates will demonstrate a base of knowledge, skills and professional orientation consistent with the accounting profession.
• Students will demonstrate a general tax consciousness, including an understanding of the role of taxation in society and the development of skills related to the recognition of the tax problems.
• Students will develop a foundation of tax knowledge, including the development of competence with respect to general concepts of taxation, procedural rules and their application, and tax planning.
• Students will understand the traditional cost accounting concepts such as cost flows, product costing, variance analysis, budget process, decision making performance analysis, and responsibility accounting.
• Students will be able to use the results of analytical procedures to identify “red flags” of audit risk.
• Students will be able to apply critical-thinking, decision-making, and analytical problem-solving skills in an accounting environment.
• Accounting graduates will demonstrate ethical decision making that is relevant in the profession.
• Accounting graduates will demonstrate analytical problem solving that is inherent in the profession.

Our Esteemed Institution has introduced the Bachelor of Commerce (Accounting & Finance) Course from Academic Year 2011-2012. It has a strong emphasis on developing analytical skills and offers a solid grounding and professional competence in all aspects of commerce required for careers in the business and corporate sectors. This program also facilitates students to be market ready which helps to give them an edge over their careers.

While the program is primarily theoretical and accountancy based, there is a good blend of projects, case studies and industrial visits to enable a student to get well- versed with the functioning of the Industry. There is also an exposure to working in the industry during the Summer Internship. Internship is an important aspect of the course as it enables them to understand what exactly the needs of the market are and how they can be an asset. Programs which are a compulsory component of the program.

• Eligibility Criteria
• Syllabus

Department USP:

• The results of the Third-Year students has shown a fantabulous improvement in the trends in these past years where aggregately the results are more than 90% every year.
• Every year the number of BAF Graduates is consistently high with “O”, “A+” and “A” grades in the Convocation Ceremony conducted by the college.
• Internship provides students to develop their practical skills & knowledge in the field of Banks, Insurance, Accounts, etc.
• Good employment opportunities since the Accounts, Finance department is specifically there in all organizations.
• Qualified, Experienced & dedicated faculties.
• Teaching is curriculum-centric as well as student-centric.
• Emphasis on Project-based learning through group work & individual assignments.
• Average attendance in all the three-year classes is more than 75%.

Department’s Strength –

• Qualified, Updated, Experienced and dedicated faculties.
• Industry experience faculties to provide students with firsthand information.
• Faculties with strong and impactful communication skills
• Updated teaching techniques
• High Focus on curriculum centric teaching
• Student centric approach
• Focus on strong attendance of students from all three years.
• Faculties ensure good results from students.
• One on one counselling expertise with faculties.

• This program helps the candidate to gain adequate skills in data handling and quantitative techniques (related to accounting and finance).
• Those who have successfully completed the B. Com Accounting and Finance course can have wide scope both abouthigher education and career.
• One can find endless career opportunities in the financial sector after the completion of the course.
• Master’s degree courses in the related area of interest help the candidate to build a strong career in banking or financial service sector.
• They can also go for government jobs such as government accountants-they may work at the local/state level or the central level, administer and formulate budgets, track costs, and analyze programs.
• Candidates have B.Com Accounting and Finance jobs in budget analyzing department; here they are responsible for developing and managing organizations financial plans.
• Teaching is also one of the best career options as they can work as professors after having certain qualifications, or as researchers in universities or colleges. Pursuing B.Ed., M.Ed., M.Phil. or passing the NET Exam can give an edge for those interested in teaching.
• Graduates can pursue PG Courses in

• Accountancy
• Finance
• Business Economics
• Management
• Marketing and Human Resources etc.
• Graduates can also enroll for

• Chartered Accountant
• Cost Management Accountant
• Company Secretary
• Other Professional Certified courses in Finance, Investment and Capital Market.
• Graduates can opt government sector jobs after graduation through various government exams conducted by

• Union Public Service Commission
• State Public Service Commission
• Local Body
• SSC, FDI, RBI, LIC, SEBI, Banks
• Maharashtra- Government Companies.

• The  Bachelor of Commerce( Accounting & Finance) Program conducts various activities all year around with the perspective of overall development of a learner. Some of the activities provide insight into the working of the department and the college, whereas a few  activities are for the overall development of the students. Right from holding orientation for the students, monthly Parents Teacher Meeting, Intra- collegiate events like Battle of Brains, Relaxant etc for the students. Students are engaged and involved in the activities for their holistic development.
  • Orientation– Orientation is conducted every year for the students of First Year. The students along with their parents are orientated regarding syllabus, exam pattern, college activities & rules & to make the students aware about the program.
  • PTA Meetings – PTA Meetings are conducted on a regular basis during the year for Semester I, II, III, IV, V and VI, (2 in each semester) to inform the parents about their ward’s attendance and consequences for default in attendance below the minimum required.
  • Guest Lecture, Industrial Visit & Quiz Competitions– are conducted throughout the year for the students. This gives the students various industrial exposure and an enriching learning experience.
  • Remedial Lectures– Remedial Lectures are conducted for the students to assist    them in the weaker subjects and support them in their learning process.
  • As a part of innovation, a curricular activity called, “Notes Making” was conducted to teach students how to make notes even in virtual lecture setup on the google meet platform. Students actively participated and benefitted from the event.
  • A national level conference on Implications of the Internet on Copyrights and Trademarks was organized by BAF programme in association with IQAC cell. There were participants from all over India and it was an enriching learning experience for students as well as participants.
  • Netiquettes was conducted virtually on google meet platforms. The students were taught about using the internet with etiquettes and responsibly.

   

  Extra Curricular Activities:

  Battle of Brains: This  is an educational cum fun event where a large number of students participate and benefited from the event. It is a one-day quiz competition event for students of college, conducted in the month of February. This is completely organized by the students and this is done in a very enthusiastic manner. Students’ participation is in large numbers.

  Relaxant: It is a one-day adventurous event to relax the minds of students conducted in the month of August-September. This is done to make sure students have a balance of work and play.

Student Achievement

• Pranav Borkar – FYBAF have many achievements in Sports Category (Archery)
  • Junior State Archery Championship – Participation.

• Poisar Gymkhana Archery Competition –SILVER and BRONZE

• Mumbai University interzone Archery Championship – GOLD

• Mumbai University interzonal Archery Championship – 4th place and Qualified to All India University.

• All India University championship – Participation.

• District Level Senior Archery Championship – GOLD

• Senior State Archery Championship – 8th place.

• Borivali Sports Festival Archery Championship – 2 GOLD medals and 1 BRONZE

• Vasai Khel mahotsav – GOLD

Faculty Achievement

Prof. Sailee Shringarpure

• Published and participated at the one day National Multidisciplinary Conference organized by IQAC and Research Cell of Ghanshyamdas Saraf College of Commerce Malad West. Survival, Resurgence and Sustainability in Digitalization a Global Perspective – on the topic of “A study on Digitalization of Currencies – Crypto VS NTFs on 15/02/2023. Paper was published at Electronic International Interdisciplinary Research Journal (EIIRJ) with ISSN – 2277 – 8721, IMPACT FACTOR 8.095.
• Appointed as University Paper Setter as the chairperson for B.Com (Investment Management) in Subject – Auditing Semester VI

2. Prof. Rahul Yadav

• Cleared the NTA NET exam 3rd time.
• Cleared MAH CET exam with 70th rank in Maharashtra
• Organized national level Quiz on NET SET exam

3. Prof. Sneha Hathi

• Published and participated at One Day National Multidisciplinary Conference organized by IQAC and Research Cell of Ghanshyamdas Saraf College of Commerce Malad West on Survival, Resurgence and Sustainability in Digitalization: A Global Perspective – on the topic titled as “Transformation of Digitalization in Teaching Methods – Its Application and Challenges in Current Scenario. Paper was published at Electronic International Interdisciplinary Research Journal (EIIRJ) with ISSN – 2277 – 8721, IMPACT FACTOR 8.095.
• Appointed as University Paper Setter for B.Com (Investment Management) in Subject – Research Methodology Semester V and B.Com (Banking and Insurance) in Subject – Turnaround Management Semester VI

4. Prof. Sarita Jha

• Published and participated at One Day International Multidisciplinary Conference organized by Research Cell of Ismail Yusuf College of Arts, Science and Commerce on India Milestone Across 75 Years of Independence in Commerce and Management on the topic titled as “A study on commuters satisfaction with reference to public transportation provided by Maha Metro Corporation with special reference to Andheri to Versova. Paper was published at IARA Publications with ISSN – 2394-7780, IMPACT FACTOR 7.46

5. Prof. Aditi Save

• Been invited as a Resource Person for TYBSc(IT) Semester V – University Practical Workshop for the subject of Artificial Intelligence at KLE College, Kalamboli.
• Presented and published research paper titled Use of Data Visualization Techniques in the Process of “Trend Analysis and Data Exploration” in Business Analysis in the CONFERENCE ON CULTIVATING POTENTIALS IN EDUCATION AND BUSINESS organized by The Research & Publication Cell & Knowledge Resource Centre, Patuck- Gala College of Commerce & Management.
• Presented and published a research paper titled “Sentiment Analysis using NLP and Machine Learning” in INTERNATIONAL CONFERENCE (Offline and Online i. e mixed mode) On MULTIDISCIPLINARY APPROACH IN TECHNOLOGY AND SOCIAL DEVELOPMENT (ICMATSD-2023) organized by Maitrey Educational Society’s NAGARJUNA INSTITUTE OF ENGINEERING TECHNOLOGY & MANAGEMENT,[NIETM], Village-Satnavri, Amravati Road, Nagpur. (Maharashtra) INDIA on 26th & 27th May 2023 Offline and Online (Mixed Mode)

• Orientation Seminar to First Year students.
• Career Seminar for Third Year students.
• One Day visit to RBI, SEBI, BSE, NSE etc.
• Mentoring and Counseling to needy students. Focusing on mental health.
• Guest lectures for various important industrial practices in the field of Accounting and Finance.
• Bridge Courses to enable students to understand how they can be ready to face the practical world with the help of training through subjects under this course by experts.

With an aim to go beyond academics, industrial visit offers students a practical perspective on the world of work. Industrial visits are organized by colleges to students with an objective of providing students functional opportunities in different sectors like IT, Manufacturing and services, finance and marketing. Industrial visit helps to combine theoretical knowledge with industrial knowledge.

Objectives: –

1. Industrial visit provides students a practical perception on the domain of work.
2. It gives the students an acquaintance to current work practices to experience theoretical knowledge being taught at their college classrooms.
3. Industrial visits provides an opportunity to interact with industries and know more about industrial environment

• Sailee shringarpure (MBA, M.Com, B.Ed) – Coordinator
• Rahul Yadav (M.Com, NET, CA-CPT)
• Sneha Hathi M.Com (Accounts), MBA(Marketing), PGDFM
• Sarita Jha M.Com., M.Phil
• Aditi Save (MSc – Computer Science, PGDBA – IT Project Management)

Visiting Faculties

2016-17

2017-18

2018-19

2019-20

2020-21

2021-22

2022-23

“The best thing about the future is that it comes one day at a time.” – Abraham Lincoln

During the academic year 2021-22, Time Management a value-added 30 hours course work program was initiated by the Department of BAF in association with placement cell was organized for Degree and SFC students. Time management is characterized by the process through which an individual or group effectively accomplish its objectives. Control over one’s time involves establishing specific target and determining which activities are most important towards achieving the target.

Objectives:

1. To acquaint the students with Time Management skills.
2. To make students understand the processes of managing time constraints, stress management due to time management.
3. To enhance and develop the time management skills of students with reference to

Proper time management, proper planning & Stress Management.

Learning Outcomes:

After the completion of this course students will be able to:

1. Conduct a Self-Analysis – Schedule planning with time management. (Key issues

Faced in time management, How to overcome the problems of time management, Tricks to

Manage time effectively)

2. Create a better understanding of a How to make effective use of time.
3. Preparing or create a short online presentation on time management.
4. Solving case study analysis on time management.

Keeping in mind the essence of time management, the module for time management was organized as follows: –

Time management plays a very important role in every field specially students’ life. Time Management helps the students for better understanding, proper planning, prioritizing and completing any task successfully. It is very imperative that time management is a required skill for any role in one’s personal or professional life to boost the productivity of a person. The total enrolled students were 113 out of which we had successful completion of 09 students with presentation and course completion both.  Keeping in mind the same, we have organized time management value added course module wise and faculties of time management were from our core team of department of BAF as well as Placement Cell members too.

The course was continued in the academic year 2022-23 as well.

TIME MANAGEMENT VALUE ADDED COURSE BY DEPARTMENT OF BAF- 2021-2022

Report on TM_Magezine 2021-2022: Click here to view

TM_Poster: Click here to view

NOTICE FOR TIME MANAGEMENT VALUE ADDED COURSE JAN 2022: Click here to view

VALUE ADDED COURSE- TIME MANAGEMENT 2022-2023

TM REPORT 2022-23: Clcik here to view

Time Management time table for 2022-2023: Click here to view

NOTICE FOR TIME MANAGEMENT VALUE ADDED COURSE UPDATED 2022-23: Click here to view