Gauhati University BCom 4th Semester Cost and Management Accounting (Major 7) Syllabus – NEP FYUGP

If you're a BCom 4th Semester student at Gauhati University, pursuing Cost and Management Accounting (Major 7) under the NEP FYUGP framework, this blog post provides a detailed overview of the syllabus. This course plays a crucial role in equipping students with the knowledge and skills required for cost analysis, financial decision-making, and performance evaluation within an organization.

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Course Overview

Course Name: Cost and Management Accounting (Major 7)
Course Level: 400 to 499
Credit: 4
Total Marks: 100
Course Type: UGCBCS (Existing-Based Syllabus)
Total Contact Classes: 60

Course Objective

The course aims to develop students' understanding of cost and management accounting techniques, enabling them to collect, analyze, and interpret financial and non-financial data for managerial decision-making and control within an organization.

Learning Outcomes

By the end of this course, students will be able to:

1. Apply cost accounting techniques to determine product costs, analyze cost behavior, and make informed pricing and cost-control decisions.

2. Implement management accounting systems, including budgeting, variance analysis, and performance measurement, for effective planning and decision-making in organizations.

Detailed Syllabus Breakdown

Unit I: Cost Accounting: Preliminaries (12 Classes, 20 Marks)

1. Meaning of Cost, Costing, and Cost Accounting

2. Objectives and Functions of Cost Accounting

3. Costing as an Aid to Management

4. Cost Concepts and Classification

5. Relationship Between Cost Accounting and Financial Accounting

6. Cost Accounting vs. Management Accounting

7. Methods and Techniques of Costing

8. Concept of Cost Audit

9. Preparation of Cost Sheet

Unit II: Accounting for Material, Labour, and Overhead (12 Classes, 20 Marks)

Material Control

1. Concept and Techniques of Material Control

2. Economic Order Quantity (EOQ)

3. ABC Analysis and VED Analysis

Labour Cost Control

1. Labour Cost Control Procedures

2. Labour Turnover, Idle Time, and Overtime

3. Methods of Wage Payment: Time and Piece Rate

Overheads

1. Importance and Classification of Overheads

2. Factory, Administrative, and Selling Overheads

3. Allocation and Apportionment of Overheads

4. Absorption of Overhead – Under and Over Absorption (Simple Applications)

Unit III: Management Accounting: Preliminaries (12 Classes, 20 Marks)

1. Meaning and Objectives of Management Accounting

2. Role of a Management Accountant in Decision-Making

3. Management Accounting Techniques:

1. Ratio Analysis: Meaning, Uses, Significance, and Limitations

2. Types of Ratios:

1. Activity Ratios

2. Liquidity Ratios

3. Profitability Ratios

4. Solvency Ratios

Unit IV: Marginal Costing and Budgetary Control (12 Classes, 20 Marks)

Marginal Costing

1. Meaning and Assumptions of Marginal Costing

2. Managerial Applications, Advantages, and Disadvantages

3. Cost-Volume-Profit (CVP) Analysis

4. Break-Even Analysis (Simple Applications)

Budgeting and Budgetary Control

1. Meaning of Budget and Budgetary Control

2. Classification of Budgets: Time, Function, and Flexibility

3. Master Budget, Flexible Budget, and Cash Budget

4. Performance Budgeting and Zero-Based Budgeting

Unit V: Standard Costing and Variance Analysis (12 Classes, 20 Marks)

1. Meaning of Standard Cost & Standard Costing

2. Advantages of Standard Costing

3. Standard Costing vs. Budgetary Control

4. Variance Analysis:

1. Meaning and Classification

2. Computation of Variances (Simple Applications)

Recommended Books for Reference

1. Management and Cost Accounting – Shashi K. Gupta & R.K. Sharma (Kalyani Publishers)

2. Cost Accounting Principles & Practices – M.N. Arora (Vikas, New Delhi)

3. Cost Accounting – S.P. Jain & K.L. Narang (Kalyani, New Delhi)

4. Management Accounting – M.Y. Khan & P.K. Jain (Tata McGraw Hill)

Final Thoughts

The Cost and Management Accounting (Major 7) course in the BCom 4th Semester under Gauhati University’s NEP FYUGP syllabus provides essential knowledge for students aspiring to work in finance, cost analysis, and business management. Mastering this subject will help you make informed business decisions, enhance cost control mechanisms, and contribute to financial efficiency in organizations.

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