Accounting in Computerized Environment
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 a Core Banking Solution (CBS) in the context of Indian banking?
CBS is a centralised banking platform where all branches of a bank are connected to a central server, enabling customers to access their accounts and perform transactions from any branch across the network.
What is meant by 'fintech integration' in a computerised banking accounting system?
Linking financial technology tools with core banking for automated processing
Which RBI guideline mandates banks to maintain books of accounts in electronic form?
The Information Technology Act, 2000, read with RBI guidelines on IT governance, permits and effectively mandates banks to maintain electronic books of accounts, provided they are auditable and tamper-proof.
What is a 'chart of accounts' in computerised bank accounting?
Structured list of all ledger accounts used to record transactions
What is the significance of the 'maker-checker' concept in computerised banking?
The maker-checker (or four-eye) principle ensures that a transaction entered by one user (maker) must be verified and authorised by another user (checker) before it is posted, thereby reducing errors and fraud.
What is 'TCS' (Tax Collected at Source) handling in CBS accounting?
Automatic deduction and reporting of TCS on applicable banking transactions
What does the term 'RDBMS' stand for and how is it used in banking?
RDBMS stands for Relational Database Management System; banks use it to store structured financial data in tables with defined relationships, enabling fast retrieval, reporting, and audit trails for all transactions.
What does 'SOD' (Start of Day) processing mean in bank CBS?
Opening procedures that initialise system for the new business day
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