Class 1 : Tax Deducted at Source
If you’re preparing for the JAIIB exam, understanding Tax Deducted at Source (TDS) is crucial for the Accounting and Financial Management for Bankers (AFM) paper. In this first class of the JAIIB AFM series, we break down the core concepts of TDS and TCS, their applicability, rates, filing requirements, and the legal provisions under the Income Tax Act. This class provides simplified explanations, examples, and important multiple-choice questions (MCQs) to strengthen your exam preparation.
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- What is TDS and how it differs from TCS
- Who deducts and who collects tax under various transactions
- Section-wise deductions (like 80C, 80TTA, 80RRB)
- Deferred tax assets/liabilities
- Tax implications for trusts, LLPs, AJPs, and more
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Class 2 : Goods and Services Tax
This second class of the JAIIB AFM series brings you a curated set of high-level multiple-choice questions (MCQs) focusing on GST fundamentals, banking implications, inter/intra-state supply, ITC rules, place of supply, reverse charge mechanism, and much more. These case-based questions are designed to help aspirants grasp core GST provisions as applied in real banking scenarios. Whether you’re brushing up on exam practice or building conceptual clarity, this resource is a must-have for every serious candidate.
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Class 3 : Cost Accounting
In this Class 3 session of the Accounting and Financial Management (AFM) paper, we dive into the core concepts of Cost and Management Accounting through a carefully curated set of high-level MCQs. This resource is designed to help you master key topics like job costing, process costing, marginal costing, standard costing, cost classification, variance analysis, and the differences between cost, financial, and management accounting. Whether you’re aiming for concept clarity or exam-speed accuracy, this guide is your ideal practice companion.
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Class 4 : Costing
In this Class 4 session of the Accounting and Financial Management (AFM) paper, we dive deep into one of the most scoring topics – Costing. This article provides a curated set of high-level conceptual MCQs on various costing methods like job costing, contract costing, process costing, service costing, and more. Each question is designed to reflect real-world applications in banking and industry, making your exam preparation both effective and practical.
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Class 5 : Standard Costing
This article summarizes the key concepts, questions, and exam-focused insights covered in Class 5 of the JAIIB Accounting & Financial Management (AFM) module. From understanding different types of standards (ideal, basic, currently attainable) to analyzing variances like material price, labour efficiency, and overheads—this guide covers it all with practical examples and explanations. Whether you’re struggling with cost control principles or variance analysis, this resource will strengthen your foundation for scoring high in the exam.
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Class 6 : Marginal Costing Part 1
In this Class 5 session of the Accounting and Financial Management (AFM) module, we dive deep into one of the most scoring and conceptually vital topics – Marginal Costing. This article covers essential MCQs, practical scenarios, and exam-oriented applications of Break-Even Analysis, Contribution Margin, P/V Ratio, Cost-Volume-Profit (CVP) Analysis, and decision-making using marginal costing principles. Whether you’re brushing up your basics or targeting high-level numerical questions, this resource offers complete clarity with real-time application.
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Class 7 : Marginal Costing Part 2
In this session (Class 7), we dive deep into one of the most scoring topics – Marginal Costing Part 2 – through practical, exam-oriented MCQs and real-life scenarios. Learn how to calculate break-even points, contribution margins, P/V ratios, and make key managerial decisions using cost-volume-profit (CVP) analysis. Whether you’re aiming to crack conceptual clarity or strengthen your numerical accuracy, this article will guide you through the essentials of marginal costing with solved questions, formulas, and decision-making strategies tailored for banking professionals.
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Class 8 : Budget & Budgetary Control Part 1
This Class 8 session provides a comprehensive overview of key budgeting concepts including types of budgets, budgetary control mechanisms, flexible and fixed budgets, zero-based budgeting (ZBB), master budgets, budget centres, cash budgets, and performance monitoring. With exam-focused multiple-choice questions and real-world examples, this class helps banking professionals understand how budgeting supports financial planning, strategic alignment, and effective resource utilization.
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Class 9 : Budget & Budgetary Control Part 2
Understanding the fundamentals of Budget and Budgetary Control is crucial for the Accounting and Financial Management (AFM) paper. This article covers important concepts such as functional budgets, types of budgets (fixed, flexible, ZBB, performance), the role of budget manuals, the master budget, and the significance of budgetary control in managerial decision-making. Each topic is reinforced with advanced-level multiple-choice questions (MCQs) to help you test your knowledge and improve exam readiness. Dive into this comprehensive study guide and master the concepts with clarity!
