B.Com. (Accountancy) Cost Accounting I Syllabus - Mumbai University
This is the TY BCom Accountancy syllabus under NEP 2020, in force from the academic year 2026-27. The University clubbed this degree with B.Com., B.Com. (Business Economics) and B.Com. (Business Management) on 25 May 2026 and now awards it as B.Com. (Commerce and Management), with Accountancy as the Major: the papers below are the ones its own Board of Studies sets, so your exam form may name the degree differently from your admission letter.
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Syllabus for Cost Accounting - I
The University's own circular prints this course at 2 credits and then at 60 hours and 100 marks, which is what it prints for its four credit papers. Its credit structure, its programme structure table and the divider above the syllabus itself all set it at 2 credits, and the semester adds up to the 22 credits the University prints only at 2, so that is the weight shown here. The 100 marks shown beside it are the circular's own figure, left as printed; check the paper pattern with your college.
Module I: Classification of Costs and Cost Sheet and Reconciliation of cost and financial accounts
- Classify and ascertain Cost on the basis of function.
- Difference between Financial and Cost Accounting.
- Prepare Cost sheet/statement for production of goods and providing of services.
- Practical problems based on Reconciliation of cost and Financial accounts.
Module II: Material and Employee Cost
- Material Cost
- Meaning, Need for and Importance of Materials, Procedures, Documentations and Inventory Control techniques.
- Compute Economic Order Quantity and determination of various stock levels
- Methods of Inventory Accounting and Prepare Stock Ledger/ Account.
- Employee Cost and Direct Expenses
- Attendance and payroll procedures, Overview of statutory requirements of Idle time and Overtime Incentives
- Calculation of Labour turnover
- Utilisation of Labour, Direct and indirect Labour, Charging of labour cost.
- Identifying labour hours with work orders or batches or capital jobs
- Efficiency rating procedures
- Remuneration systems and incentive schemes.
- Preparation of labour cost statement including incentives.
Reference Books
- 1 Cost and Management Accounting Horngren, C. T., Datar, S. M., & Rajan, M. (2021). Cost accounting: A managerial emphasis (16th ed.). Harlow, UK: Pearson Education. https://www.pearson.com
- 2 Management Accounting Drury, C. (2018). Management and cost accounting (10th ed.). London, UK: Cengage Learning. https://www.cengage.com
- 3 Cost Accounting Standards Institute of Cost Accountants of India. (2023). Cost accounting standards. New Delhi, India: ICMAI Publications. https://www.icmai.in
- 4 Advanced Cost Accounting Banerjee, B. (2020). Advanced cost accounting (2nd ed.). New Delhi, India: Taxmann Publications. https://www.taxmann.com
- 5 Cost Accounting Kaplan, R. S., & Atkinson, A. A. (2019). Advanced management accounting (4th ed.). London, UK: Pearson Education. https://www.pearson.com
Reproduced from the University of Mumbai syllabus for B.Com. (Accountancy) under NEP 2020, in force from the academic year 2026-27. 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.