AFM SYLLABUS PRIORITY | JAIIB MAY 2024 | Accounting & Financial Management for Bankers

AFM SYLLABUS PRIORITY | Accounting & Financial Management for Bankers | MAY 2024 EXAMS

In this article, we will provide you with the important topics which you must not skip past while covering the Accounting & Financial Management for Bankers syllabus 2024 whether through classes or through self-study.


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JAIIB exam dates have already been announced by IIBF. So this is high time to start preparing for the JAIIB exam 2024. JAIIB basically stands for Junior Associate of Indian Institute of Bankers which is conducted biannually to test a banker’s complete awareness of the day-to-day operational and technical concepts.

There are 3 subjects in the JAIIB exam, namely-

  • Paper 1: Indian Economy & Indian Financial System (IE&IFS)
  • Paper 2: Principles & Practices of Banking (PPB)
  • Paper 3: Accounting & Financial Management for Bankers (AFM)
  • Paper 4: Retail Banking & Wealth Management (RBWM)

In JAIIB, the Accounting and Finance exam is considered to be the most difficult one, especially for non-commerce candidates. Considering the busy schedule of bank employees, it is very difficult to prepare for the exam through Mcmillan’s 4th edition books. 



We at Learning Sessions are providing you with the full latest edition study material & notes covering 65+ hours full video course, 4500+ chapter-wise previous year & memory recalled questions, 150+ mock tests, Epdf notes for all the three subjects of JAIIB. This video course covers each concept in Hindi mix English language, which makes it super easy for the candidates to understand and learn the concepts.

Click here for AFM study notes

Going through this video course and previous year’s questions can help you in clearing the accounting paper in one attempt. But wait there is one thing more important that is the priority. You should need to focus on those topics which are repeatedly asked in the exams. And you don’t need to worry about it we are here to help you out regarding that.


The Module-wise important topics in Accounting & Finance exam are listed in the table below:Free Video Courses:- AFM FREE VIDEO Courses FILE

Module A and module B are the foremost important models in accounting and Finance for banking. Between module A and module B, module A is more scoring as compared to module B.

Read Also:- AFM Previous Year Question Papers

Module D consists of complete theory and is very scoring. You can score 15 to 24 marks through it. However, module C has some important chapters but, still recommend you should go for module D before start module C.


Module A- Business Mathematics & Finance Depreciation and its accounting
Foreign exchange arithmetic
Calculation of yield to maturity
Capital budgeting
Calculation of interest and annuities
Module B- Principles of Bookkeeping and Accounts Trial balance, the rectification of errors, and adjusting and closing entries
Capital and revenue expenditure
Bank reconciliation statement
Basic accountancy procedures
Definition, scope, and accounting standards
Bills of exchange
Maintenance of cash/ subsidiary books and ledgers
Module C- Financial Management Ratio analysis
Preparation of final accounts
Balance sheet equation
Company accounts
Final accounts of the banking company
Accounting in a computerized environment
Module D – Taxation and Fundamentals of Costing Because it’s a new module, all the topics are going to be quite important & scoring.


So, now that you know the module-wise important topics/modules for the AFM exam, you can really clear the JAIIB 2024 exams in one go.

Important Topic:-How To Clear AFM In One Attempt

How to cover the above AFM priority for the MAY 2024 Examinations? 

If you don’t know how to cover the above-given priority or are struggling to start with the Accounting & Financial Management for Bankers paper altogether, then you can avail of our Latest JAIIB Course of the paper.

Learning Sessions have an expert faulty who prepares the classes as per the latest applicable AFM syllabus 2024 prescribed by the Indian Institute of Banking and Finance. Our Study material will help you cover the PPB syllabus & priority for the following reasons:

  • Chapter-wise lectures
  • Live Classes to clear the doubts + Recorded Lectures of live sessions to watch later on
  • 24 by 7 access to materials
  • Access through apps (both android & iOS) & browser
  • Unlimited views of lectures i.e. of recordings
  • AFM Mock Tests including the Memory Recalled Questions from Accounting & Financial Management for Bankers exams
  • Mega Mock Tests for practice
  • Lectures can also be downloaded (recorded ones)
  • Most reasonable prices with flexibility in packs
  • Language of the Lectures: English language / Hinglish language

Access the AFM latest course through our:



At the above-provided apps & portal, candidates can also attempt mock tests for free. The mock tests are prepared to keep in mind the latest prescribed Exam pattern of JAIIB & the latest Syllabus 2024 & also include the memory-recalled questions from past JAIIB papers.

So, them out right now!

Till then, you can also solve the below given MCQs of AFM:

Q 1. The amount of Term Loan installment = Rs.10000/ p.m., monthly average interest on TL = Rs.5000/-. If Depreciation = Rs.30,000/- p.a. and PAT = Rs.2,70,000/-. Calculate DSCR.

  1. 1
  2. 1.5
  3. 2
  4. 2.5

Ans – 4


Q 2. Calculate the Simple interest rate, at which a sum = 4 times of itself in 15 years.

  1. 15%
  2. 20%
  3. 25%
  4. 30%

Ans – 2


Q 3. When are the entries for deposits of cheques into the bank are made on the credit of customer account by the bank?

  1. Immediately
  2. On their clearing/collection
  3. After 7 days
  4. After reconciliation.

Ans – 2


Q 4. Calculate the sales (in units) when fixed cost = Rs 50,000 Contribution per unit = Rs 60 and desired profit per unit = Rs 10.

  1. 1,000 units
  2. 2,500 units
  3. 3,500 units
  4. 1,500 units

Ans – 1


Q 5. If sales revenues = Rs 4,00,000; cost of goods sold = Rs 3,10,000 & operating expenses = Rs. 60,000, calculate gross profit.

  1. Rs 30,000
  2. Rs 40,000
  3. Rs 60,000
  4. Rs 90,000

Ans – 4


Q 6. Changes to Terms and Conditions can be made with prospective effect after a _____ notice?

  1. 1 month
  2. 3 months
  3. 2 months
  4. 15 days

Ans – 4


Q 7. A person got a house loan = Rs. 10 lac @ 12% ROI repayable in 10 years. What will be the EMI?

  1. 13447
  2. 14347
  3. 13474
  4. 14374

Ans – 2


Q 8. What is recorded in Returns Outward Book?

  1. Return of goods sold
  2. Return of old assets sold
  3. Return of good purchased
  4. Return of anything purchased

Ans – 3


Q 9. When is the entry regarding bill payment is passed in drawer’s books?

  1. When the bill is retained or sent to the bank for collection
  2. When the bill is retained
  3. When the bill is endorsed
  4. When the bill is discounted

Ans – 1



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We wish you all the best for your AFM 2024 Exams!

Team: Learning Sessions

  1. Some topics are very important and these topics i got from the syllabus priority. Thank u so much guys. Thanks a lot.


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