Accounting & Financial Management for Bankers (AFM) is Paper 3 of the JAIIB examination conducted by the Indian Institute of Banking and Finance (IIBF). The paper covers accounting principles, financial statements, financial management, taxation, and costing. Understanding the revised syllabus and practising important concepts can help candidates prepare effectively.
What is Accounting & Financial Management for Bankers?
Accounting & Financial Management for Bankers is one of the four compulsory papers in the JAIIB examination. It helps banking professionals understand accounting processes, financial reports, and financial management concepts used in banking. As per the revised syllabus, the paper is divided into four modules. Candidates should study the topics in each module and practise relevant questions to strengthen their preparation.
Download JAIIB AFM Study Notes Free PDF
Download the JAIIB AFM Study Notes PDF to revise important topics from all 4 modules of Accounting & Financial Management for Bankers.
| Study Material | Download Link |
| JAIIB AFM Module A Practice Questions | Download PDF |
| JAIIB AFM Module B Practice Questions | Download PDF |
| JAIIB AFM Module C Practice Questions | Download PDF |
| JAIIB AFM Module D Practice Questions | Download PDF |
| JAIIB AFM Most Repeated MCQs | Download PDF |
| JAIIB AFM Case Study Quiz | Attempt Now |
| JAIIB AFM Numerical Quiz | Download PDF |
What are the four modules of the AFM syllabus?
The revised JAIIB 2026 syllabus includes four modules covering accounting, financial reporting, financial management, and taxation. Each module focuses on concepts that banking professionals can use in their work. Candidates should prepare all four modules and practise both conceptual and numerical questions.
| Module | Name | Important topics |
|---|---|---|
| Module A | Accounting Principles and Processes | Accounting standards, journal entries, ledger, bank reconciliation, trial balance, and bills of exchange |
| Module B | Financial Statements and Core Banking Systems | Balance sheets, final accounts, ratio analysis, company accounts, and computerised accounting |
| Module C | Financial Management | Financial calculations, time value of money, financial decisions, and investment-related concepts |
| Module D | Taxation and Fundamentals of Costing | Taxation concepts, GST, income tax, and basic costing principles |
What are the important topics in Accounting Principles and Processes?
Module A focuses on the basic rules and methods used to record financial transactions. Candidates should understand how accounts are maintained and how accounting errors are identified and corrected. Regular practice of accounting problems can help improve accuracy.
- Accounting standards: Rules for preparing financial records.
- Journal and ledger: Recording and classifying transactions.
- Bank Reconciliation Statement (BRS): Identifying differences between the cash book and bank statement.
- Trial balance: Checking debit and credit balances.
- Bills of exchange: Understanding credit instruments and their accounting entries.
What does Financial Statements and Core Banking Systems cover?
Module B explains how financial statements are prepared and analysed. It also covers accounting practices followed by companies and banks, along with the role of computerised accounting systems.
- Final accounts: Trading Account, Profit and Loss Account, and Balance Sheet.
- Ratio analysis: Understanding financial performance through accounting ratios.
- Banking company accounts: Preparation and presentation of bank financial statements.
- Company accounts: Share capital and company financial reporting.
- Computerised accounting: Accounting software and core banking systems.
What are the key topics in Financial Management?
Module C introduces financial management concepts used to understand financial decisions and investments. Candidates should focus on understanding formulas and practising numerical questions wherever applicable.
- Time value of money.
- Financial calculations and investment decisions.
- Financial planning and analysis.
- Important financial management concepts and formulas.
What does Taxation and Fundamentals of Costing include?
Module D covers basic taxation and costing concepts relevant to finance and banking. Candidates should understand important terms, applicable tax concepts, and methods used to calculate and analyse costs.
- Income tax: Basic taxation concepts and calculations.
- Goods and Services Tax (GST): Key concepts related to indirect taxation.
- Costing: Basic cost concepts, classification, and calculations.
Download JAIIB Free E-Books
To make your JAIIB 2026 preparation easier, Oliveboard provides a collection of e-books and topper handwritten notes. These resources cover important topics in the Indian Economy and Banking, helping you revise key concepts quickly and effectively. You can download the PDFs and study at your own pace, anytime and anywhere.
| Notes | Link to Download PDF |
| 800+ Important JAIIB Questions | Download Free PDF |
| JAIIB Memory Based 2025 Paper | Download PDF |
| 750+ Solved Previous Year JAIIB Questions | Download PDF |
| Economic Concepts in Banking Topper Handwritten Notes | Economic Concepts in Banking for JAIIB |
| Indian Economic Architecture Topper Handwritten Notes | Indian Economic Architecture for JAIIB |
| Fundamentals of Economics | Fundamentals of Economics for JAIIB |
| Types of Economics and Basic Economic Problems | Types of Economics and Basic Economic Problems |
FAQs
This module covers accounting standards, journal entries, ledgers, bank reconciliation, and trial balance.
This module covers final accounts, balance sheets, ratio analysis, company accounts, and computerised accounting.
Yes, candidates should practise financial calculations and other numerical problems covered in the syllabus.
The AFM syllabus consists of four modules.
Candidates should study all four modules, revise important concepts, practise numerical questions, and attempt mock tests.
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