AFM Syllabus Priority 2025
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Accounting and Financial Management for Bankers — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What is the full form of AFM in the JAIIB syllabus?
AFM stands for Accounting and Financial Management for Bankers, which is a compulsory subject in the JAIIB examination covering accounting principles and financial analysis relevant to banking operations.
What is the concept of 'evergreening' of loans in bank accounting?
Disbursing new loans to repay old ones to avoid NPA classification
Which module in JAIIB AFM covers extra and miscellaneous topics beyond core accounting?
Module E (Extras) in the JAIIB AFM subject covers supplementary topics such as syllabus priorities, emerging areas in banking finance, and additional concepts that complement the core modules.
What is the difference between funded and non-funded credit facilities in banking?
Funded involves actual fund disbursement; non-funded are contingent commitments like guarantees
What is the primary regulatory body overseeing accounting standards applicable to Indian banks?
The Reserve Bank of India (RBI) oversees accounting standards for banks, in coordination with the Institute of Chartered Accountants of India (ICAI), which issues Indian Accounting Standards (Ind AS).
What is the International Financial Reporting Standard (IFRS) 9 and its relevance to banks?
IFRS 9 introduces Expected Credit Loss model for provisioning in bank financial statements
Which international accounting framework have Indian banks been transitioning towards as per RBI guidelines?
Indian banks have been transitioning towards Indian Accounting Standards (Ind AS), which are converged with International Financial Reporting Standards (IFRS), as mandated by the RBI roadmap.
What is the purpose of Prompt Corrective Action (PCA) framework by RBI?
To intervene early in weak banks by imposing restrictions based on capital, NPA, and leverage
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