Description

Mandatory 1

Advanced Cost and Management Accounting

 

MCOM Semester I

 

(As Per NEP 2020)

Syllabus

 

Module – I : 2 Credits
Unit – 1 : Marginal Costing, Absorption Costing and Management Decisions
(A) Meaning of Absorption Costing – Distinction between Absorption Costing and Marginal Costing – Problems on Breakeven Analysis – Cost Volume Profit Analysis – Breakeven Charts – Contribution Margin and Various Decision Making Problems
(B) Managerial Decisions through Cost Accounting such as Pricing Accepting Special Offer – Profit Planning – Make or Buy Decisions – Determining Key Factors – Determining Sales Mix – Determining Optimum Activity Level – Performance Evaluation – Alternative Methods of Production, Cost Reduction & Cost Control
Unit – 2 : Standard Costing
(A) Standard Costing as an Instrument of Cost Control and Cost Reduction – Fixation of Standards
(B) Theory and Problems based on Analysis of Variances of Materials, Labour, Overheads and Sales including Sub-variances

Module – II : 2 Credits
Unit – 3 : Budgetary Control
(A) Budget and Budgetary Control – Zero Based Budget – Performance Budgets – Functional Budgets Leading to the Preparation of Master Budgets
(B) Capital Expenditure Budget – Fixed and Flexible Budgets – Preparation of Different Types of Budgets
Unit – 4 : Operating Costing
(A) Meaning of Operating Costing – Determination of Per Unit Cost – Collection of Costing Data
(B) Practical Problems based on Costing of Hospital, Hotel and Goods & Passenger Transport