B.Com. (Banking and Insurance) Cost Accounting for Banking and Insurance Principles and Practices Syllabus - Mumbai University
This is the SY BBI syllabus under NEP 2020, in force from the academic year 2025-26. The University still sets the earlier Choice Based papers alongside it for ATKT candidates, so check which scheme your exam form names before you revise.
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Syllabus for Cost Accounting for Banking and Insurance Principles and Practices
Module I: Fundamentals of Cost Accounting
- Unit 1: Introduction to Cost Accounting: Definition, Scope, and Importance of Cost Accounting, Difference between Cost Accounting, Financial Accounting, and Management Accounting, Cost Concepts and Classification, Costing Methods & Techniques
- Unit 2: Cost Accounting in Banking and Insurance: Role of Cost Accounting in Banking and Insurance, Application of Cost Accounting Principles in Service Sector, Specific Cost Elements in Banking and Insurance
Module II: Costing Techniques and Cost Sheet
- Unit 1: Preparation of Cost Sheet: Elements of Cost: Direct and Indirect Costs, Preparation of Cost Sheet and Statement of Cost, Practical Problems on Cost Sheet
- Unit 2: Costing Techniques: Standard Costing and Variance Analysis, Marginal Costing:
- Concept and Application, Cost Control and Cost Reduction in Banking and Insurance
Module III: Budgeting and Cost Control
- Unit 1: Budgeting Concepts and Techniques: Definition and Objectives of Budgeting, Types of Budgets (Fixed, Flexible, Cash, and Zero-based), Budgetary Control System
- Unit 2: Cost Control in Banking and Insurance: Cost Reduction Methods in Banks and Insurance Companies, Performance-Based Costing in Financial Institutions, Risk Management and Cost Control Strategies
Module IV: Decision-Making and Financial Performance
- Unit 1: Cost-Volume-Profit Analysis (CVP): Concept and Importance of CVP Analysis, Break-even Analysis and Profit Planning
- Unit 2: Financial Performance and Costing in Banking & Insurance: Financial Statements Analysis with Costing Perspective. Activity-Based Costing (ABC) in Banking and Insurance
Reference Books
- 1 Athma, Prashanta: Cost and Management Accounting. Mumbai. Himalaya Publishing House
- 2 Lal,Jawahar: Cost Accounting;3rd Ed. (3rd Ed) New Delhi. Tata Mcgraw Hill Publishing Company,2007
- 3 M.N Arora, Textbook of Cost and Management Accounting, Vikas Publishing House,10th Edition
- 4 M. Hanif ,Modern Cost and Management Accounting , Tata Mcgraw Hill Education Pvt. Ltd.
- 5 S.P. Jain And Narang, Cost Cost Accounting Principles and Practice, Kalyani Publishers, 2016
Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2025-26. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.