B.Com. (Financial Management) Cost Accounting I Syllabus - Mumbai University
This is the SY BCom FM 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 - I
Module I: Introduction to Cost and Management Accounting
- Meaning, objective and importance of Cost and Management Accounting
- Functions and role of Cost Accounting Department in an organization
- Installation of Cost Accounting System in an organization
- Differentiate between Cost Accounting, Financial Accounting and Management Accounting
- Various elements and classifications of cost and methods of costing
- Need for Activity Based Costing (ABC)
- Practical problems of Activity Based Costing (ABC)
Module II: Material Cost
- Meaning, need for and importance of material
- Material Storage and Records: Bin Cards, Stock Control Cards and Store Ledger
- Inventory Control: Stock Levels
- Computation of Economic Order Quantity (EOQ)
Module III: Employee Cost
- Meaning and importance of Employee (Labour) cost in an organisation
- Employee (Labour) cost control
- Idle Time
- Over Time
- Systems of Wage Payment and Incentives: Time Rate System, Piece Rate System and Premium Bonus Method (Halsey Premium Plan and Rowan Premium Plan)
- Employee (Labour) Turnover: Replacement Method and Separation Method only
Module IV: Overheads – Absorption Costing Method
- Meaning of Overheads-Production, administrative and selling and distribution
- Classification of overheads into fixed and variable
- Meaning and methods of allocation
- Apportionment and absorption of overheads
Reference Books
- Cost Accounting Theory and Practice by B.K. Bhar, Tata Mc. Grow Hill and Co. Ltd., Mumbai
- Cost Accounting Principles and Practice by M.N. Arora, Vikas Publishing House Pvt. Ltd., New Delhi
- Advanced Cost and Management Accounting: Problems and Solutions by V.K. Saxena and C.D. Vashist, S. Chand and Company (P) Ltd., New Delhi
- Cost Accounting by S.P. Jain and K.L. Narang, Kalyani Publishers, Ludhiana
- Modern Cost and Management Accounting by M. Hanif, Tata McGraw Hill Education Pvt. Ltd., New Delhi
- Lectures on Costing by Swaminathan: S. Chand and Company (P) Ltd., New Delhi
- Cost Accounting by C.S. Rayudu, Tata Mc. Grow Hill and Co. Ltd., Mumbai
- Cost Accounting by JawaharLal and Seema Srivastava, Tata Mc. Grow Hill and Co. Ltd., Mumbai
- Cost Accounting by Ravi M. Kishore, Taxmann Ltd., New Delhi
- Principles and Practices of Cost Accounting by N.K. Prasad, Book Syndicate Pvt. Ltd., Calcutta
Reproduced from the University of Mumbai syllabus for B.Com. (Financial Management) 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.