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Home / Syllabus / Master of Commerce (M.Com.) / Advance Accountancy / Semester 2 / Advanced Cost Accounting

Master of Commerce (M.Com.) Advanced Cost Accounting Syllabus - Mumbai University 2026

Advanced Cost Accounting Syllabus.pdf
Mandatory course · Semester 2 · M.Com. Advance Accountancy · 4 credits · 100 marks

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Syllabus for Advanced Cost Accounting

Mandatory course · Semester 2 · M.Com. Advance Accountancy · 4 credits · 100 marks

Module I: (2 CREDITS)

  • Unit 1 Process Costing A) Introduction - Features of process, Concept of Process Loss, Abnormal Loss, Normal Loss, Abnormal Gain.
  • Computation of Inter Process Profit – Advantages and Disadvantages, Computation of Equivalent B)
  • Production – Weighted Average and FIFO.
  • Unit 2 Cost Allocation and Activity Based Costing Systems
  • Cost Allocation – Meaning and its Types, Relationship between resources, activities, Cost and Cost A)
  • drivers, Methods of allocating central costs - cost allocation using Direct Method, Step Down Method
  • and Reciprocal Method.
  • Activity Based Costing – Introduction, Advantages, Limitations, Identification of cost drivers, B)
  • Practical Problems on Traditional V/s Activity Based Costing System.

Module II: (2 CREDITS)

  • Unit 3 Responsibility Accounting
  • Responsibility Accounting – Meaning, Features, Objective, Assumptions, Problems, Responsibility A)
  • Centre’s – Cost, Profit, Revenue and Investment.
  • Concept of Controllability – Introduction, Measuring Managerial Performance ( ROI and B)
  • Residual Income Approach) ,Preparation of Managerial Reports using Segmented Costs and Controllable costs approach.
  • Unit 4 Strategic Cost Management
  • Transfer Pricing – Introduction, Advantages and Disadvantages, Setting Transfer Pricing – A)
  • Negotiated transfer pricing, Cost Based transfer pricing.
  • Target Costing – Introduction, Concept, Objectives, Comparison between Target Costing and Cost B)
  • Plus Pricing. Inflation Accounting – Meaning, Features, Conversion of Income Statement, Balance
  • Sheet, Stocks and Net Assets Block using Current Purchasing Power Method.

References

  •  Cost Accounting and Management Essentials You Always Wanted To Know Book By Kalpesh Ashar  Cost Accounting: Texts and Problems Reference Book By M. C. Shukla  Cost Accounting: Principles & Practices Book Reference By M. N. Arora

Reproduced from the University of Mumbai syllabus for M.Com. (Advance Accountancy) under NEP 2020, in force from the academic year 2023-24. 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 specialisation. Open a document here if you want the whole thing rather than a single subject.

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