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JAIIB AFB Syllabus 2022 Accounting & Finance For Bankers Syllabus

JAIIB AFB Syllabus 2022 Accounting & Finance For Bankers Syllabus: JAIIB AFB Syllabus 2022 is an important tool for the aspirants preparing for the JAIIB 2022 Exam. Having a detailed idea of the paper Accounting and Finance for Bankers will help you in preparing your own exam strategy and will also help you in scoring better in the exam. JAIIB Exam has three papers: Principles and Practices of Banking, Accounting and Finance for Bankers, and Legal and Regulatory Aspects of Banking. In this article we have provided the detailed syllabus of Accounting and Finance for Bankers(AFB). JAIIB AFB Syllabus 2022 Accounting & Finance For Bankers Syllabus will be highly beneficial for your upcoming JAIIB Exam 2022.

JAIIB AFB Syllabus 2022 Accounting & Finance For Bankers Syllabus

JAIIB( Junior Associate of Indian Institute of Bankers) Exam is conducted by the Indian Institute Of Banking And Finance(IIBF). The Registration and Exam Dates for the JAIIB 2022 November Session has been released by the IIBF. This year IIBF is going to conduct the JAIIB November 2022 Exam on the 12th, 13th, and 20th November 2022. So in the article below we have discussed the complete syllabus of Accounting and Finance for Bankers along with their important modules. The important highlights of the modules that a candidate has to cover for their JAIIB Exam are also mentioned.

Module A: Business Mathematics and Finance

The first module of Accounting and Finance for Bankers’ Syllabus is Business Mathematics and Finance. The main topics of Business Mathematics and Finance as well as some of their parts are mentioned below:

Topics Important Parts
Calculation of Interest and Annuities
  • Calculation of Simple Interest and Compound Interest
  • Calculation of Equated Monthly Installments
  • Fixed and Floating Interest Rates
  • Calculation of Annuities, Interest Calculation using Products or Balances
  • Amortization of a Debt, Sinking Funds
Calculation of Yield to Maturity (YTM)
  • Debt- Definition, Meaning and Salient Features
  • Loans, Introduction to Bonds, Terms associated with Bonds
  • Cost of Debt Capital, Bond value with semi-annual Interest
  • Current Yield on Bond
  • Calculation of Yield-to- Maturity of Bond
  • Theorems for Bond Value, Duration of Bond
  • Properties of Duration, Bond Price Volatility
Capital Budgeting
  • Present Value and Discounting
  • Discounted Technique for Investment Appraisal
  • Internal Rate of Return (IRR)
  • Method of Investment Appraisal
  • NPV and IRR compared
  • Investment Opportunities with Capital Rationing
  • Investment Decision making under condition of uncertainty
  • Expected NPV Rule
  • Risk Adjusted Discount Rate Approach for NPV Determination
  • Sensitivity Analysis for NPV Determination
  • Decision Tree Analysis for NPV Estimation
  • Payback Methods
  • Accounting Rate of Return
Depreciation and its Accounting
  • Depreciation
  • Types and methods of Depreciation
  • Methods of calculation of Depreciation
  • Comparing Depreciation Methods
Foreign Exchange Arithmetic
  • Various Fundamentals of Foreign Exchange
  • Forex Markets, Direct and Indirect Quote
  • Some Basic Exchange Rate Arithmetic – Cross Rate, Chain Rule, Value date, etc.
  • Forward Exchange Rates – Forward Points
  • Arbitrage, Calculating Forward Points, Premium or discount; etc.

Module B: Principles of Bookkeeping and Accountancy

Principles of Bookkeeping and Accountancy mainly deals with the nature and purpose of accounting. The main topics and their important sub subjects are provided below.

Topics Parts
Definition, Scope, and Accounting Standards
  • Nature and Purpose of Accounting
  • Historical Perspectives, Origins of Accounting Principles
  • Accounting Standards adopted in India and its Definition and Scope
  • Generally Accepted Accounting Principles of USA (US GAAP)
  • Transfer Pricing
  • Overview of IFRS( International Financial Reporting Standards)
  • Difference between GAAP & IFRS
Basic Accountancy Procedures
  • Concepts of Accountancy
  • Going Concern Entity
  • Double Entry System
  • Principle of Conservatism
  • Revenue Recognition and its Realization
  • Accrual and Cash Basis
Maintenance of Cash or Subsidiary Books and Ledger
  • Basics of Record Keeping
  • Account Categories
  • Debit and Credit Concepts
  • Accounting and Columnar Accounting Mechanics
  • Journals; Ledgers; subsidiary books; etc.
Bank Reconciliation Statement
  • Need for Bank Reconciliation
  • Possible Causes of Differences
  • Preparation of Bank Reconciliation Statement
  • How to prepare a Bank Reconciliation Statement when Extracts of Cash Book and Pass Book are provided
  • Adjusting the Cash Book Balance
  • Advantages of Bank Reconciliation Statement( BRS)
Trial Balance, Rectification of Errors, and Adjusting  and Closing Entries
  • Concepts of a Trial Balance
  • Features and Purpose of a Trial Balance
  • Types of Trial Balance and Preparation of a Trial Balance
  • Disagreement of a Trial Balance
  • Location and Rectification of Errors
  • Suspense Account and Rectification
  • Rectification of Errors when Books are closed
  • Adjusting and Closing Entries
Capital and Revenue Expenditure
  • Expenditure
  • Difference between Capital and Revenue Expenditure
  • Deferred Revenue Expenditure
  • Receipts
  • General Illustrations
Bills of Exchange
  • Types of  Credit Instruments
  • Term and Due Date of a Bill
  • Certain Important Terms
  • Accounting Entries to be Passed
  • Accommodation Bill etc.

Module C: Final Accounts

Final Accounts is the third and one of the important module of Accounting and Finance for Bankers Syllabus. The important topics along with their important parts are given here:

Topics Parts
Balance Sheet Equation
  • Balance Sheet Equation
  • Computation of Balance Sheet Equation
Preparation of Final Accounts
  • Preparation of Trading account
  • Profit and Loss Account
  • Profit & Loss Appropriation Account
  • Balance Sheets
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
Final Accounts of Banking Companies
  • Definition and various Functions of a Bank
  • Requirements of Banking Companies as to Accounts and Audit requirements
  • 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 Sheets
  • Disclosure Requirements of Banks
  • Additional Disclosures prescribed by RBI
  • Disclosures are required under BASEL norms
Company Accounts I and II
  • Definition and Types of Companies
  • Distinction between Partnership and Limited Liability Company
  • Classes of Share Capital
  • Issue of Shares
  • General Illustrations of Non-Voting Shares
  • Form of Balance Sheet
  • Legal Requirements for Assets
  • Legal Requirements for Liabilities
  • Legal Requirements for Profit & Loss Account
  • Preparation of Final Accounts
Accounting in a Computerized Environment
  • Meaning, features of and terms used in Computerized Accounting
  • Difference between Computerized and Manual Accounting
  • Advantages and Disadvantages of Computerized Accounting
  • Functions performed by 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 D: Banking Operations

The main topics and their important sub subjects of Banking Operations that a candidate need to cover for their JAIIB Exam 2022 are mentioned in the table provided below.

Topics Parts
Banking Operations and Accounting Functions
  • Preparation of Vouchers, cash receipt and payment entries, clearing inward and outward entries
  • Transfer debit and credit entries
  • What is KYC and what are the different documents to satisfy KYC
  • Verify KYC and authenticity of documents
  • Operational aspects in regard to the opening of all types of accounts
  • Scrutiny of loan applications/ documents, allowing withdrawals and accounting entries involved at various stages
  • Operational aspects of CBS environment etc.
  • Back office operations in banks, handling of unreconciled entries in bank

Related Posts:

JAIIB November Exam Date 2022  JAIIB November Online Registration 2022
JAIIB Syllabus 2022

JAIIB AFB Syllabus 2022 Accounting & Finance For Bankers Syllabus in Hindi

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FAQs: JAIIB AFB Syllabus 2022

Q.1 Where can we get the detailed syllabus of Accounting and Finance for Bankers?

Ans. The detailed syllabus of Accounting and Finance for Bankers is provided in the article above.

Q.2 Is AFB a compulsory paper for JAIIB 2022 Exam?

Ans. Yes, AFB is a compulsory paper for JAIIB 2022 Exam.

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