JAIIB REVISED SYLLABUS | JAIIB 2023 SYLLABUS PRIORITY TOPICS
The syllabus and exam format for the JAIIB and CAIIB courses have been changed, according to the Indian Institute of Banking and Finance (IIBF). Starting in May or June 2023, the JAIIB syllabus will be revised. IIBF provides JAIIB as its flagship course in banking and finance for professionals working in the banking and finance industry. As of 2023, the JAIIB will adhere to the updated exam format and syllabus, which includes modifications to the papers, themes, and questions as well as the addition of negative marking.
PRIORITY TOPICS OF JAIIB AFM
If you’re thinking of starting an early preparation for JAIIB 2023. Then for the accounting and financial management for the banker, you can start the preparation with the following mentioned topics:
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| Module A | Accounting Principles and Processes |
Study material available |
| Definition and scope of accounting standards | Nature and Purpose of Accounting
Historical Perspectives Origins of Accounting Principles Standards of accounting: Definition and meaning Generally Accepted Accounting Principles of USA (US GAAP) Transfer Pricing Overview of IFRS Difference between GAAP & IFRS |
|
| Basic Accountancy Procedures | Concepts of Accountancy; Going Concern Entity
Double Entry System; Principle of Conservatism Revenue Recognition and Realisation Accrual and Cash Basis |
https://youtu.be/fmtwbuQedFI |
| Maintenance of Cash/Subsidiary Books and Ledger | Record Keeping Basics
Account Categories Debit and Credit Concepts Accounting and Columnar Accounting Mechanics Journals Ledgers Subsidiary books etc |
https://youtu.be/BoKZnkvGwM8 |
| Bank Reconciliation Statement | Need for Bank Reconciliation
Causes of Differences Preparation of Bank Reconciliation Statement Preparation of Bank reconciliation statement when extracts of cash book/passbook are given adjusting the cash book balance Advantages of Bank Reconciliation Statement |
|
| Trial balance,
Errors rectification, Entries: Closing and adjusting |
Meaning of a Trial Balance
Error classification, Trial balance: Disagreement Location of Errors Rectification Meaning of a Trial Balance Features and Purpose of a Trial Balance Types of Trial Balance and Preparation of Errors, Suspense Account and Rectification, Rectification of Errors when Books are closed Adjusting and Closing Entries |
https://youtu.be/BzPoi05bM-o |
| Capital and Revenue Expenditure | Expenditure
The distinction between Capital and Revenue Expenditure Deferred Revenue Expenditure Receipts General Illustrations |
https://youtu.be/6G9RuEICDPY |
| Bills of Exchange | Types of Instruments of Credit
Term and Due Date of a Bill Certain Important Terms Accounting Entries to be Passed Accommodation Bill etc |
https://youtu.be/6IBEU1x2hBM |
| Module B | Financial Statements and Core Banking Systems |
Study material available |
| Balance Sheet Equation | Balance Sheet Equation
Computation of Balance Sheet Equation |
https://youtu.be/7gW1q9Rrnl4 |
| Preparation of Final Accounts | Preparation of Trading A/C;
Profit and Loss A/C; Profit & Loss Appropriation Account; Balance Sheets |
https://youtu.be/nGcg1AAxMLI |
| Ratio Analysis | Meaning of Accounting Ratios;
Classification of Ratios; Uses of Accounting Ratios; Limitations of Accounting Ratios; Calculation and interpretation of various Ratios Different Users and their Use of Ratios |
https://youtu.be/nGcg1AAxMLI |
| Final Accounts of Banking Companies | Definition and Functions of a Bank
Banking company’s requirements related to accounts and audit Significant features of Accounting Systems of Banks Principal Books of Accounts Preparation and Presentation of Financial Statements of Banks CMA Format; Accounting Treatment of Specific Items Preparation of Profit and Loss Account Comments on Profit and Loss Account Important Items of Balance Sheet Disclosure Requirements of Banks Additional Disclosures prescribed by RBI Disclosures are required under BASEL norms |
https://youtu.be/nGcg1AAxMLI |
| Company Accounts I & II | Definition and Types of Companies;
Partnership and a Limited Liability Company, and distinction b/w these Classes of Share Capital Issue of Shares General Illustrations Non-voting Shares Form of Balance Sheet Legal Requirements for Assets Legal Requirements for Liabilities Legal Requirements for Profit & Loss A/c Preparation of Final Accounts |
https://youtu.be/7J7g08ukw6A |
| Accounting in a Computerized Environment | Computerised accounting: Meaning, Features, and Terms associated
Difference between Computerized and Manual Accounting Advantages and Disadvantages of Computerized Accounting Functions and performance of Computerized Accounting Software available in the Market Computerization Scope and Experiences in Banking The Core Banking Components Information Security Internet and World Wide Web Influences on Banking. |
| Module C | Financial Management | Study material available |
| Calculations of interest and annuities | Calculations of simple interest and compound interest
Calculation of equated monthly instalment Fixed and floating interest rates Calculations of annuities Interest calculation using products and balances |
https://youtu.be/ZC2Ig6vEwuk |
| Calculations of YTM | Debt: Definition, meaning & salient features
Loans: Introduction to bonds, terms associated with the bonds Cost of debt capital Bond value with semi-annual interest The current yield on the bond Calculation of the yield-to-yield maturity of the bond Theorems for the bond value Duration of a bond Properties of duration Bond price volatility |
https://youtu.be/YFpDaJwRM4I |
| Capital budgeting | Present value and discounting,
Discounting technique for investment appraisal The interest rate of return Method of investment appraisal NPV & IRR compared Investment opportunities with capital rationing Investment decision-making under conditions of uncertainty Expected NPV rate Risk-adjusted discount Rate approach for NPV determination Sensitivity analysis for NPV determination Decision tree analysis For NPV estimation Payback methods APR |
https://youtu.be/eDkj2jYolug |
| Depreciation and accounting | Depreciation, its types, and methods
Comparing depreciation methods |
https://youtu.be/9cxaLc74iD8 |
| Foreign exchange arithmetic | Fundamentals of foreign exchange
Forex markets Direct and indirect quote Some basic exchange rates Arithmetic including cross rate, chain rule, value date, etc Forward exchange rate Forward points Arbitrage: Calculating forward points Premium discounts etc |
https://youtu.be/69FbXpMsAUg |
Costing has been introduced in the syllabus and learning sessions have already brought you various video lectures on the costing and associated topics.
Module D: Taxation and Fundamentals of Costing
Watch a thorough YouTube presentation on the brand-new subject for JAIIB 2023. Rarely are there any other institutes that cover it.
| Topics covered | Link to the video |
| Why does a firm need to cost things? Questions about cost, costing, cost accounting, and cost accountancy. | https://youtu.be/k9ZXZv1JDyQ |
| Cost, components of cost, direct labor, material costs, indirect labor, material costs, and inbound transportation | https://youtu.be/goOu-OhZBK0 |
|
Types of costs, such as opportunity costs, operating costs, controllable costs, uncontrollable costs, and fixed costs, |
https://youtu.be/EvncdX0Qbww |
| Cost classification, Functional cost classification, time-based cost classification, cost classification for decision-making, cost classification based on the accounting period, association with the product, costing based on how closely a cost can be traced to the product, and costing based on changes in activity or volume, | https://youtu.be/TzwVAXVFlZI |
| The various types of costing, including job costing, contract costing, batch costing, process costing, operating costing, departmental costing, composite or multiple costing | https://youtu.be/z2dWwNmJETM |
| Techniques include activity-based costing, historical costing, standard costing, absorption costing, and marginal costing, | https://youtu.be/Clpp0SfAtAE |
| Comprehensive cost accounting, accounting for costs in detail The significance of cost accounting, how it differs from final accounting, and its application are all discussed here. | https://youtu.be/5kzMl1EzmIc |
| The nature and purpose of financial management, calculating financial needs, choosing capital structures, choosing sources of funding, choosing investment strategies, managing cash effectively, putting in place financial controls, Management of revenues and profits, and connections between finance and other corporate functions | https://youtu.be/Tpjmpd6F6pA |
Get newly introduced topics covered
AFM lectures by Ashish sir: https://youtube.com/playlist?list=PLx2hXMe7Sl7KEvWlUA5kfBRTLTxuek2c-
AFM lectures by Kundan sir: https://youtube.com/playlist?list=PLx2hXMe7Sl7LWjZgfkSK1j8WkuPCLLn3-
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