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JAIIB AFM Syllabus 2024 & Exam Pattern

JAIIB AFM Syllabus is essential parameter for candidates preparing for JAIIB AFM Paper 2024. Aspirants can check the section-wise JAIIB AFM Syllabus 2024 with exam pattern for JAIIB Exam 2024.
authorImagePriyanka Dahima17 Sept, 2024
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JAIIB AFM Syllabus

JAIIB AFM Syllabus 2024 : The JAIIB exam (Junior Associate of the Indian Institute of Bankers), aims to provide finance and banking professionals with a strong foundation in the core concepts of banking. Bankers who are planning to appear in the JAIIB AFM Paper this year must be aware of the updated syllabus of JAIIB AFM 2024. JAIIB AFM Exam 2024 for the October cycle will be held on 27th October 2024.

JAIIB AFM Syllabus 2024

The Indian Institute of Banking and Finance (IIBF) conducts the JAIIB AFM Paper of the Indian Institute of Banking (JAIIB) to promote professional excellence among banking professionals. Every year JAIIB Exam is conducted twice. There are four compulsory papers in the exam and you have to clear each of them to get JAIIB certificate. The JAIIB Accounting and Financial Management for Bankers Paper consists of multiple choice questions (MCQ) and you need to score at least 50 out of 100 marks to complete each paper. Knowing the JAIIB syllabus and planning the syllabus carefully is the key to effective preparation. All the necessary information about JAIIB AFM Syllabus 2024 can be found in the article below.

JAIIB AFM Syllabus, Accounting and Financial Management for Bankers (AFM)

The third paper in the JAIIB Syllabus 2024 is “Accounting and Financial Management for Bankers” (AFM). This paper is divided into four modules, each covering specific topics. Here is a breakdown of the modules and their respective topics: Paper 3 consists of four Modules, and these are as follows:
  1. Module A- Accounting Principles and Processes
  2. Module B- Financial Statement and Core Banking Systems
  3. Module C- Financial Management
  4. Module D- Taxation and Fundamental of Costing
the detailed syllabus of all four Modules of JAIIB Paper 3 is mentioned below:
JAIIB AFM Syllabus 2024
Subjects Topics
Module A- Business Mathematics and Finance
Definition, Scope and Accounting Standards including Ind AS
  1. Nature and Purpose of Accounting
  2. Historical Perspectives
  3. New Accounting system / Value system accounting Origins of Accounting Principles
  4. Accounting Standards in India and its Definition and Scope
  5. Generally Accepted Accounting Principles of USA (US GAAP),
  6. Overview of IFRSs
  7. Difference between GAAP and IFRS
  8. Transfer Pricing
Basic Accountancy Procedures
  1. Concepts of Accountancy
  2. Going Concern Entity
  3. Double Entry System
  4. Principle of Conservatism
  5. Revenue Recognition and Realisation
  6. Accrual and Cash Basis
Maintenance of Cash/Subsidiary Books and Ledger
  1. Record Keeping Basics
  2. Account Categories
  3. Debit and Credit Concepts
  4. Accounting and
  5. Columnar Accounting Mechanics
  6. Journalising
Bank Reconciliation Statement
  1. Recording Transactions in Cash Book
  2. Transactions Contained in the Pass Book/Bank Statement
  3. Is Passbook a Mirror Image of Cash Book?
  4. Causes for Passbook and Cashbook being different
  5. Understanding Reconciliation
  6. Preparing Reconciliation Statement
  7. Need for Bank Reconciliation
  8. How to prepare a Bank Reconciliation Statement when extracts of Cash Book and Pass Book are given?
  9. Adjusting the Cash Book balance
  10. Advantages of Bank Reconciliation Statement
Trial Balance, Rectification of Errors and Adjusting & Closing Entries
  1. Meaning of a Trial Balance
  2. Features and Purpose of a Trial Balance
  3. Types of Trial Balance and Preparation of a Trial Balance
  4. Disagreement of a Trial Balance
  5. Classification of Errors,
  6. Location of Errors
  7. Rectification of Errors
  8. Suspense Account and Rectification
  9. Rectification of Errors when Books are Closed
  10. Adjusting and Closing Entries
Depreciation & its Accounting
  1. Meaning of Depreciation
  2. Causes of Depreciation
  3. Need for Depreciation
  4. Factors of Depreciation
  5. Accounting Entries
  6. Methods of Depreciation
  7. Straight Line Method
  8. Diminishing Balance or Written Down Value (WDV) Method
  9. Advantages and Disadvantages of Straight Line Method
  10. Advantages and Disadvantages of Written Down Value Method
  11. Units of Production Method
  12. Sum of the Years’ Digits Method
  13. Replacement of a Fixed Asset and Creation of Sinking Fund
  14. Amortisation of intangible assets
Capital and Revenue Expenditure
  1. Expenditure
  2. Distinction between Capital and Revenue Expenditure
  3. Receipts
Bills of Exchange
  1. Types of Instruments of Credit,
  2. Term and Due Date of a Bill
  3. Certain Important Terms,
  4. Accounting Entries to be Passed
  5. Accommodation Bill
  6. Bill Books
Operational Aspects of Accounting Entries
  1. Peculiar Features of Accounting System in Banks
  2. Accounting Systems of Different Banks
  3. Illustration
Back Office Functions/Handling Unreconciled Entries in Banks
  1. Functions Performed by the Back Office
  2. Reconciliation Function in Banks
  3. Reconciliation of Inter Branch/ Office Entries
Bank Audit & Inspection
  1. Bank Audit
  2. Emergence of Risk based Internal Audit
  3. Types of Bank Audits Viz. Concurrent
  4. Audit
  5. Internal Audit
  6. Statutory Audit
  7. Role of Audit and Inspection
Module B –  Financial Statement and Core Banking Systems
Balance Sheet Equation
  1. Balance Sheet Equation
  2. Computation of Balance Sheet Equation
Preparation of Final Accounts
  1. Preparation of Trial Balance
  2. Adjustment Entries
  3. Preparation of Financial Statements from Trial Balance
Company Accounts – I
  1. Definition and Types of Companies
  2. Distinction between Partnership and Limited Liability Company
  3. Classes of Share Capital
  4. Issue of Shares
  5. General Illustrations
  6. Non-voting Shares
Company Accounts – II Form of Balance Sheet, Impact of Ind AS on Financial Statements
Cash Flow & Funds Flow Cash Flow, Funds Flow Statement, Cash Flow Statement, Fund Flow and Cash Flow Analysis
Final Accounts of Banking Companies Definition and Functions of a Bank, Requirements of Banking Companies as to Accounts and Audit, Significant Features of Accounting Systems of Banks, Principal Books of Account, Preparation and Presentation of Financial Statements of Banks, Accounting Treatment of Specific Items, Preparation of Profit and Loss Account, Comments on Profit and Loss Account Items, Important Items of Balance Sheet. Disclosure Requirements of Banks to be Added as Notes to Accounts, Disclosures Prescribed by RBI Under Basel-III, Banks Listed on a Stock Exchange, Implementation of Indian Accounting Standards (Ind AS)
Core Banking Systems & Accounting in Computerised Environment Meaning of Computerised Accounting, Features of Computerised Accounting, Terms Used in Computerised Accounting, Difference between Computerised and Manual Accounting, Advantages and Disadvantages of Computerised Accounting, Functions Performed by Computerised Accounting Softwares Available in the Market, Computerisation – Scope and Experiences in Banking, The Core Banking Components, Information Security, Internet and World Wide Web – Influences on Banking
Module C – Financial Management
An Overview of Financial Management Forms of Business Organisation, Financial Decision making in a Firm, Objectives of Financial Management, The Fundamental Principles of Finance, Building Blocks of Modern Finance, Risk-Return Trade off, Agency Problem in Financial Management, Business Ethics & Social Responsibility, Organisation of the Finance Function, Relationship of Finance to Economics and Accounting, Emerging Role of the Financial Manager in India
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
Financial Mathematics - Calculation of Interest & Annuities What is Simple Interest? What is Compound Interest? Fixed and Floating Interest Rates, Front-end and Back-end Interest Rates, Calculation of Interest Using Products/Balances, What are Annuities? Calculating the Future Value of an Ordinary Annuity, Calculating the Present Value of an Ordinary Annuity, Calculating the Future Value of an Annuity Due, Calculating the Present Value of an Annuity Due, Repayment of a Debt
Financial Mathematics - Calculation of YTM Meaning of Debt, Introduction to Bonds, Terms Associated with Bonds, Types of Bonds, Optionality in Bonds, Valuation of Bonds, Bond Value with Semi-annual Interest, Current Yield on Bond, Yield-to-Maturity of Bond, Theorems for Bond Value, Illustrations, Duration of Bond, Properties of Duration, Bond Price Volatility, Problems and Solutions
Financial Mathematics - Forex Arithmetic Fundamentals of Foreign Exchange, Indian Forex Market, Direct and Indirect Quote, Some Basic Exchange Rate Arithmetic, Forward Exchange Rates
Capital Structure and Cost of Capital Meaning of Capital Structuring, Leverage/Gearing, Factors Influencing Decision on Capital Structuring, Theories/Approaches on Capital Structuring, Net Income Approach, Net Operating Income Approach, Traditional Position, Assumptions in the Approaches on Capital Structuring, Taxation & Capital Structure, Cost of Debt, Preference, Equity, Determining the Proportions, Weighted Average Cost of Capital (WACC), Factors Affecting the WACC, Weighted Marginal Cost of Capital, Determining the Optimal Capital Budget, Divisional and Project Cost of Capital, Floatation Cost and the Cost of Capital, Misconceptions surrounding the Cost of Capital
Capital Investment Decisions/Term Loans Discounted and Non-Discounted Cash Flow Methods for Investment Appraisal, Basic concepts of term loans, Deferred payment Guarantees, Project financing, Difference between term loan appraisal and project appraisal
Equipment Leasing/Lease Financing Meaning of a Lease, Features of a Lease, Types of Leases, Rationale for Leasing, Contents of a Lease Agreement, Legal Aspects of Leasing, Finance Leases, Operating Leases, Accounting of Lease Transaction in the books of Lessor and Lessee, Leasing as a Financing Decision
Working Capital Management Working Capital Cycle, Cash and Marketable Securities, Accruals, Trade Credit, Working Capital Advance by Commercial Banks, Cash Budget Method of Lending, Regulation of Bank Finance, Public Deposits, Inter- Corporate Deposits, Short-term loans from Financial Institutions, Rights Debentures for Working Capital, Commercial Paper, Factoring & Forfaiting
Derivatives Characteristics & Functions of Derivatives, Users of derivatives, Futures, Forward Rate Agreement (FRA), Swaps, Options
Module D – Taxation and Fundamental of Costing
Taxation: Income Tax/TDS/Deferred Tax Overview of Income Tax Act, Basic Overview of Deductions in Respect of Certain Incomes & Deduction 80QQB, 80RRB, 80TTA & 80U, TDS/TCS, Returns, Refund & Recovery
Goods & Services Tax Meaning of Direct & Indirect Tax, Introduction to GST
An Overview of Cost & Management Accounting Cost Accounting: Evolution, Meaning, Objectives and Scope, Concepts of Costs, Classifications and Elements of Cost, Cost Centre and Cost Unit, Methods and Techniques of Costing, Cost Accounting Standards, Management Accounting: Evolution, Meaning, Objectives and Scope. Tools and Techniques of Management Accounting, Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management
Costing Methods Unit and Output Costing, Job Costing: Job Cost Cards, Collecting Direct Costs, Allocation of Overheads and its Applications, Batch Costing: Features and Applications, Contract Costing: Features, Distinction between Job and Contract Costing, Progress Payments, Retention Money, Escalation Clause, Contract Accounts, Accounting for Material, Accounting for Plant Used in a Contract, Contract Profit and Accounting Entries, Process Costing: Features, Applications and Types of Process Costing, Process Loss, Abnormal Gains and Losses, Equivalent Units, Inter-Process Profit, Joint Products, By-Products and Accounting, Service Costing: Features and Applications, Unit Costing and Multiple Costing, Application, Identification of Cost Unit and Cost Determination and Control
Standard Costing Definition, Significance and Applications, Various Types of Standards, Installation of Standard Costing System—for Material, Labour, and Overhead, Variance Analysis for Materials, Labour and Overheads and Accounting Treatment of Variances, Benchmarking for Setting of Standards, Variance Reporting to Management
Marginal Costing Meaning, Advantages, Limitations and Applications, Breakeven Analysis, Cost-Volume Profit Analysis, P/V Ratio and its Significance, Margin of Safety, Absorption Costing: System of Profit Reporting and Stock Valuation, Difference between Marginal Costing and Absorption Costing, Income Measurement under Marginal Costing and Absorption Costing
Budgets and Budgetary Control Budget Concept, Manual, Fixed and Flexible Budgets, Preparation and Monitoring of Various Types of Budgets, Budgetary Control System: Advantages, Limitations and Installation, Zero Based Budgeting, Programme and Performance Budgeting

JAIIB AFM Exam Pattern 2024

The Indian Institute of Banking and Finance (IIBF) conducts the JAIIB AFM Examination, which is highly recognized in the banking sector. This is a certification that helps banking professionals get promoted promoted. This exam is specially designed to improve the knowledge and skills of young banking professionals. The JAIIB AFM paper consists of 100 questions and each question will carry 1 mark. The duration of JAIIB Accounting and Financial Management for Bankers paper is 2-hour. There is no negative marking and candidates require a minimum of 50 marks out of 100 to clear the paper.
JAIIB AFM Exam Pattern 2024
Subjects No. of Questions Total Marks Duration
Principles and Practices of Banking 100 100 2 hours

JAIIB AFM Syllabus 2024 Other Related Links
JAIIB Registration 2024 JAIIB Exam Date 2024
JAIIB Exam Pattern 2024 JAIIB Syllabus 2024
JAIIB Eligibility Criteria 2024 JAIIB Passing Criteria 2024
JAIIB Exam Centre List 2024 JAIIB Previous Year Question Papers
JAIIB Cut Off (Previous Year) JAIIB Salary 2024

JAIIB AFM Syllabus 2024 FAQs

Q1. Where can I get the details of the JAIIB AFM Syllabus 2024?

Ans The details of JAIIB AFM Syllabus 2024 is provided in the blog.

Q2. How many modules are there as per the JAIIB AFM Syllabus 2024?

Ans. As per the JAIIB AFM Syllabus 2024 there are 4 Modules in Accounting and Financial Management for Bankers.

Q3. How many questions are there in JAIIB AFM Exam 2024?

Ans. There are 100 questions carrying one mark each in JAIIB AFM Exam 2024.

Q4. Can I pass JAIIB in just one week?

Ans. It is possible to pass JAIIB with one week of focused preparation, but it depends on your prior knowledge and dedication. For the Revised JAIIB AFM Syllabus 2024, check the above article.
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