JAIIB AFB SYLLABUS 2022 | AFB – ACCOUNTING AND FINANCE FOR BANKERS

JAIIB AFB SYLLABUS 2022 | AFB – ACCOUNTING AND FINANCE FOR BANKERS

As IIBF has started the registrations for some of its courses & so do the registrations its flagship course i.e JAIIB 2022 from 9th of November 2021 to 29 November 2021. If you are going to appear for JAIIB 2022 Exams then you must go through the Study Material prepared by Learning Sessions.

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JAIIB SYLLABUS FOR 2022

JAIIB AFB SYLLABUS 2022

PAPER 2: ACCOUNTING & FINANCE FOR BANKERS

MODULE A: BUSINESS MATHEMATICS AND FINANCE

Calculation of Interest & Annuities: Through this unit, you will learn how to Calculate Simple Interest (SI) & Compound Interest (CI) and Equated Monthly Instalments (EMIs); Fixed & Floating Interest Rates; Annuities; Interest Calculation also by using Products or Balances; Amortization of a Debt; Sinking Funds etc.

Calculation of Yield to Maturity (YTM): This unit defines the meaning of Debt, its Meaning & Features; Loans; and Introduces to Bonds; Shows how the Calculation of Yield-to-Maturity of Bond is done; the Terms associated with Bonds; Bond value with semi-annual Interest; Cost of Debt Capital; Current Yield on Bond; Duration of Bond; Theorems for Bond Value; Properties of Duration; Bond Price Volatility etc.

Capital Budgeting: Concepts like Present Value (PV) & Discounting; Discounted Technique for Investment Appraisal; Internal Rate of Return i.e IRR; Net Present Value & IRR compared; Method of Investment Appraisal; Expected Rule of NPV; Risk Adjusted Discount Rate Approach for NPV Determination; Investment Opportunities with Capital Rationing; Investment Decision making under condition of uncertainty; Decision Tree Analysis for NPV Estimation; Sensitivity Analysis for Net Present Value Determination; Payback Methods; Accounting Rate of Return are dealt here.

Depreciation & its Accounting: The unit deals with Depreciation, types of depreciation & methods of calculation of depreciation and Comparison of Depreciation Methods etc.

Foreign Exchange Arithmetic: Various Fundamentals of Foreign Exchange; Forex Markets; Some Basic Exchange Rate Arithmetic including Cross Rate, Chain Rule, Direct and Indirect Quote; Value date, etc.; Forward Exchange Rates including Forward Points; Arbitrage; Calculating Forward Points; Premium or discount etc. are some of things you will find yourself getting familiar with in this unit.

MODULE B: PRINCIPLES OF BOOKKEEPING & ACCOUNTANCY

Definition & Scope of Accounting Standards (AS): This unit introduces you to the Nature & Purpose of Accounting; its Historical Perspectives; Origins of Accounting Principles; Accounting Standards that are adopted in India and their Definition and Scope; Generally Accepted Accounting Principles of USA (US GAAP); Transfer Pricing; Overview of International Financial Reporting Standards-IFRS; Difference b/w GAAP & IFRS.

Basic Accountancy Procedures: Concepts of Accountancy such as Going Concern Entity; Double Entry System; Revenue Recognition and its Realization; Principle of Conservatism; Accrual & Cash Basis of accounting etc. are placed in this section.

Important Topic:- JAIIB AFB Mock Tests | accounting and finance for bankers

Maintenance of Cash or Subsidiary Books & Ledger: You will find yourself dealing with Basics of Record Keeping; Categories of Accounts; Concepts of Debit & Credit; Accounting and Columnar Accounting Mechanics; Journals; Ledgers and subsidiary books etc. in this unit. 

Bank Reconciliation Statement (BRS): This unit talks about the need for Bank Reconciliation; the possible Causes of Differences in the balances; how is it prepared & How to a Bank Reconciliation Statement is prepared when Extracts of Cash Book & Pass Book are provided; Adjusting the Cash Book Balance; Advantages of BRS etc.

Trial Balance, Rectification of Errors and Adjusting & Closing Entries: The concepts of Trial Balance; its Features and Purpose, Types and Preparation; Classification, Location & Rectification of Errors; Suspense A/C Rectification; Disagreement of a Trial Balance; Rectification of Errors when the Books are closed; Adjusting & Closing Entries etc. are placed here.

Capital and Revenue Expenditure: You will know what is Expenditure, the Differences b/w Capital & Revenue Expenditure; Deferred Revenue Expenditure; Receipts; General Illustrations regarding the same.

Bills of Exchange: It contains types of Credit Instruments; Term & Due Date of a Bill; Certain Important Terms; Accounting Entries that are Passed related to it; Accommodation Bills etc.

MODULE C – FINAL ACCOUNTS

Balance Sheet Equation: This unit deals with Equation of Balance Sheet & Computation of Balance Sheet Equation.

Preparation of Final Accounts: You will understand how is Trading A/C, Profit and Loss A/C; Profit & Loss Appropriation A/C; Balance Sheets are prepared in the unit.

Ratio Analysis: This section makes you understand the Ratios related to Accounting; Classification of Ratios; Various Uses of Accounting Ratios; Limitations of Accounting Ratios; Calculation and how to interpret various Ratios; Different Users and how they are Used.

Final Accounts of Banking Companies: This section defines various terms and Functions of a Bank; Requirements of Banking Companies as to maintenance if Accounts and Audit requirements; Significant Features of Banks Accounting Systems; Preparation and Presentation of Financial Statements of Banks; Principal Books of Accounts; Important Items of Balance Sheet; Preparation of Profit and Loss Account; CMA Format; Accounting Treatment of Specific Items; Comments on Profit and Loss A/C; Disclosure Requirements of Banks; Additional Disclosures prescribed by RBI; Disclosures required under BASEL norms etc. are discussed here.

Company Accounts I & II: You will read different Definitions of types of companies and; Difference b/w Partnership & LLP; Classes of Share Capital; Issue of Share Capital; General Illustrations Non-Voting Shares; Form of Balance Sheet; Legal Requirements for Assets as well as Liabilities; Legal Requirements for Profit & Loss A/c & Preparation of Final Accounts in Company books.

Accounting in a Computerized Environment: Here, the unit talks about the Meaning, features of & terms used in Computerized Accounting; Difference b/w Computerized and Manual Accounting; Functions performed by Computerized Accounting Softwares available in the Market; its Advantages and Disadvantages; Computerization – Scope and Experiences in Banking; Core Banking Components; Information Security; Internet and World Wide Web (www) – Influences on Banking.

JAIIB AFB SYLLABUS 2022 MODULE D – BANKING OPERATIONS

Banking Operations & Accounting Functions: Preparation of Vouchers, entries relating to cash receipt and cash payment, clearing inward and outward, transfer debit & credit; scrutiny of loan applications or documents, allowing withdrawals, Know Your Customer (KYC) and different documents that are needed to satisfy KYC, verification of KYC and how to authenticate documents, operational aspects in regard to opening of all types of accounts and accounting entries involved at various stages, Back office operations in banks, operational aspects of CBS environment etc., how to handle unreconciled entries in banks etc are some of the practical aspects you will go through in the unit.

JAIIB ACCOUNTING AND FINANCE FOR BANKERS SYLLABUS STUDY MATERIAL 2022

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