The JAIIB AFM exam, conducted by the Indian Institute of Banking and Finance (IIBF), is held twice a year, and the registration schedule for the 2026 cycle has been released. For the May-June 2026 session, online registration began on 2 February 2026 and continued until 8 February 2026 for the normal fee, with an extended window available up to 22 February 2026 with late fees. For the October- November 2026 session, registrations are scheduled to open on 1 August 2026, with the normal fee period lasting until 7 August 2026 and late fee registrations accepted until 21 August 2026.
JAIIB AFM Registrations Now Open
Online registration for the JAIIB AFM exam has begun, making this the ideal time for banking professionals to start their preparation in a structured and focused manner.
| Event | Dates |
| Online Registration Starts | 2 February 2026 |
| Online Registration Last Date (Normal Fee) | 8 February 2026 |
| Online Registration Last Date (With Late Fee) | 22 February 2026 |
| JAIIB AFM May 2026 Exam Date | 10 May 2026 |
| JAIIB AFM November 2026 Exam Date | 28 November 2026 |
JAIIB AFM 2026 Syllabus
Understanding the syllabus is the first step toward effective preparation. The AFM paper covers both accounting fundamentals and financial management topics relevant to banking. These topics build both theoretical knowledge and practical financial understanding required in banking roles. Main areas covered include:
- Module A – Accounting & Banking Accounting
- Module B – Financial Statements & Core Banking
- Module C – Financial Management
- Module D – Taxation & Costing
| Module | Section / Unit | Topics Covered |
| Module A – Accounting & Banking Accounting | Accounting Standards & Principles | Definition & Scope, Ind AS, US GAAP, IFRS, GAAP vs IFRS, Transfer Pricing |
| Basic Accountancy Procedures | Going Concern, Double Entry System, Conservatism, Revenue Recognition, Accrual vs Cash | |
| Books & Ledger | Record Keeping, Account Categories, Debit & Credit, Journalising | |
| Bank Reconciliation Statement | Cash Book vs Passbook, Causes of Differences, BRS Preparation & Adjustments | |
| Trial Balance & Errors | Trial Balance, Types of Errors, Rectification, Suspense Account, Closing Entries | |
| Depreciation Accounting | SLM, WDV, Units of Production, Sinking Fund, Amortisation | |
| Capital vs Revenue Expenditure | Classification of Expenditure and Receipts | |
| Bills of Exchange | Types, Due Date, Accounting Entries, Accommodation Bills | |
| Banking Accounting Operations | Accounting Systems in Banks, Reconciliation, Inter-Branch Entries | |
| Bank Audit & Inspection | Concurrent Audit, Internal Audit, Statutory Audit, Risk-Based Audit | |
| Module B – Financial Statements & Core Banking | Balance Sheet Equation | Accounting Equation Basics |
| Final Accounts | Trial Balance, Adjustments, Preparation of Financial Statements | |
| Company Accounts I | Types of Companies, Share Capital, Issue of Shares | |
| Company Accounts II | Balance Sheet Format, Impact of Ind AS | |
| Cash Flow & Fund Flow | Cash Flow Statement, Fund Flow Analysis | |
| Final Accounts of Banking Companies | Bank P&L, Balance Sheet, RBI Disclosures, Basel III, Ind AS | |
| Core Banking Systems | Computerised Accounting, CBS Components, Information Security | |
| Module C – Financial Management | Financial Management Overview | Objectives, Risk-Return, Ethics, Role of Financial Manager |
| Ratio Analysis | Liquidity, Profitability, Solvency Ratios & Interpretation | |
| Financial Mathematics – Interest & Annuities | Simple & Compound Interest, Annuities, Repayment Calculations | |
| Financial Mathematics – Bonds & YTM | Bond Valuation, YTM, Duration, Volatility | |
| Financial Mathematics – Forex | Exchange Rate Arithmetic, Forward Rates | |
| Capital Structure & Cost of Capital | Leverage, WACC, Capital Structure Theories | |
| Capital Budgeting & Term Loans | NPV, Appraisal Methods, Project Financing | |
| Lease Financing | Types of Leases, Accounting Treatment | |
| Working Capital Management | Working Capital Cycle, Bank Finance, Factoring | |
| Derivatives | Futures, Forwards, Swaps, Options | |
| Module D – Taxation & Costing | Income Tax & TDS | Income Tax Basics, TDS/TCS, Deductions |
| GST | Direct vs Indirect Tax, GST Basics | |
| Cost & Management Accounting | Cost Concepts, Classifications, Techniques | |
| Costing Methods | Job, Batch, Contract, Process, Service Costing | |
| Standard Costing | Standards, Variance Analysis | |
| Marginal Costing | Breakeven, CVP Analysis | |
| Budgetary Control | Types of Budgets, Zero-Based Budgeting |
Free Notes PDF for JAIIB AFM 2026
Having concise notes can make revision faster and easier. Many banking aspirants look for free AFM notes in PDF format to revise formulas, concepts, and accounting formats. While using free notes PDFs, candidates should ensure the material covers updated JAIIB syllabus topics and includes examples for better clarity.
Free Notes PDF for JAIIB AFM (PDF 1)
Free Notes PDF for JAIIB AFM (PDF 2)
JAIIB AFM 2026 Exam Time & Pattern
Before starting preparation, candidates should clearly understand the exam structure. Knowing the format helps in planning time and focusing on important areas. The AFM exam is conducted online and usually consists of objective-type questions. The Indian Institute of Banking and Finance (IIBF) conducts the JAIIB exam twice a year, giving candidates multiple opportunities to attempt the paper. Candidates get a fixed duration (generally around 2 hours) to complete the exam.
Preparation Strategy for JAIIB AFM 2026
A proper strategy can make AFM preparation simple and scoring. The exam tests conceptual clarity as well as the ability to apply accounting and financial concepts in banking situations. There is no negative marking, which encourages candidates to attempt all questions. Below are some practical tips:
Build Conceptual Clarity
Focus first on understanding accounting basics rather than memorizing formats. Once concepts are clear, numerical questions become easier.
Practice Numerical Questions Daily
AFM includes many calculation-based questions. Regular practice of depreciation, ratios, and financial management sums improves speed and accuracy.
Make Short Notes
Prepare your own short notes for formulas, accounting formats, and key concepts. These help in quick revision before the exam.
Solve Previous Year Questions
Past questions give a clear idea about important topics and question patterns. They also help in identifying frequently asked areas.
Revise Regularly
Revision is key for AFM, especially for formulas and accounting rules. Weekly revision helps retain concepts for a longer time.
Attempt Mock Tests
Mock tests improve time management and exam temperament. They also help in spotting weak areas that need more attention.
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