CAIIB · ABM · Chapter 2

Analysis of Financial Statements

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Bank Management — CAIIB.

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Q

What is the core skill required for every bank lending decision?

A

Ability to read and interpret financial statements to assess borrower's net worth, repayment capacity, and business viability.

Q

Name four key reasons banks analyse financial statements.

A

Net worth assessment, repayment capacity verification, activity viability check, and availability of unencumbered security.

Q

What are the two mandatory financial statements for every business enterprise?

A

Balance Sheet (point-in-time snapshot) and Profit & Loss Account (period income and expenditure flow).

Q

Under AS-3, when is a cash-flow statement mandatory?

A

For listed companies and entities with turnover exceeding ₹50 crore during the accounting period.

Q

Define the Going-Concern Concept in accounting.

A

Entity is assumed to continue operations indefinitely, justifying historical-cost valuation of assets.

Q

What does the Conservatism Concept require?

A

Anticipate no profit but provide for all probable losses; record unrealised gains only when realised.

Q

Under which act are Balance Sheet and P/L formats prescribed for banking companies?

A

Banking Regulation Act, 1949 (Third Schedule, Forms A and B).

Q

What is the standard Balance Sheet format under Companies Act Schedule III?

A

Vertical form: Sources of Funds on top, Application of Funds below; liabilities and equity above assets.

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