The Indian Institute of Banking and Finance has released the JAIIB 2026 exam dates, and the AFM paper is scheduled to be held on 10th May 2026. The exam will consist of 100 questions for 100 marks with a duration of 2 hours. In this blog, we provide complete details about the paper level, shift-wise difficulty level, and detailed topic coverage, based on previous exam trends and feedback from banking professionals.
JAIIB AFM Exam Analysis 10th May 2026
Based on feedback from professionals who will appear for the JAIIB AFM Exam scheduled on 10th May 2026, the detailed analysis will be updated once the exam is conducted. As per the expected pattern, the paper is likely to be moderate in difficulty with a balanced mix of conceptual and numerical questions.
The paper is expected to include accounting, costing, and financial management topics, with a strong focus on practical application, numerical clarity, and conceptual understanding. Once the exam is conducted, a complete shift-wise and topic-wise analysis will be updated.
What was the level of the JAIIB AFM 2026 paper?
The JAIIB AFM paper is expected to test candidates on conceptual clarity, accounting application, and numerical problem-solving. The exact difficulty level will be updated after the exam.
| Shift | Difficulty Level |
| Shift 1 | TBA |
| Shift 2 | TBA |
| Shift 3 | TBA |
What was the shift-wise difficulty level?
The shift-wise difficulty level will be updated after the exam is conducted. Based on previous cycles, slight variation across shifts is expected, especially in numerical questions.
| Shift | Difficulty Level | Key Observation |
| Shift 1 | TBA | TBA |
| Shift 2 | TBA | TBA |
| Shift 3 | TBA | TBA |
What are the topics from which questions were asked?
The detailed topic-wise distribution will be updated after the exam.
| Shift | Topics |
| Shift 1 | TBA |
| Shift 2 | TBA |
| Shift 3 | TBA |
JAIIB AFM Paper November 2025 Exam Analysis
The November 2025 JAIIB AFM exam was moderate in difficulty with a good mix of conceptual and numerical questions. Around 12–15 marks were from numerical questions, while the rest focused on theory and application. The paper required clarity in accounting standards, costing concepts, and financial formulas.
How difficult was the JAIIB AFM November 2025 exam paper?
The JAIIB AFM November 2025 exam tested candidates on a balanced mix of conceptual understanding and numerical application. The paper focused on core accounting principles, financial concepts, and practical problem-solving ability. Overall, candidates found the exam manageable, though some questions required deeper conceptual clarity.
| Aspect | Details |
| Overall Difficulty Level | Moderate |
| Numerical Questions | 12–15 marks |
| Focus Area | Accounting and financial concepts |
| Question Type | Mix of theory, numerical, and application-based questions |
| Key Topics | Capital and revenue expenditure |
What was the overall difficulty level and exam pattern in November 2025?
The JAIIB AFM November 2025 exam showed a consistent difficulty level across all shifts, with a balanced mix of conceptual and numerical questions.
| Shift | Difficulty Level | Key Observation |
| Shift 1 | Moderate | Conceptual + numerical mix |
| Shift 2 | Moderate | More accounting standard-based |
| Shift 3 | Moderate | Balanced with costing + finance |
Which topics were asked in the JAIIB AFM November 2025 exam?
The exam covered a wide range of accounting, costing, and financial management topics. Below are the complete shift-wise topics from which questions were asked.
| Shift | Topics Covered |
| Shift 1 | Journal Entry; Accounting Standards; Borrowing Cost; Current Ratio; Process Costing; GST Penalty; Forex; Depreciation Numerical; Simple Interest; Annuity Questions; Lease; Weighted Average Cost of Capital (WACC); Margin of Safety; Sinking Fund; Tandon Committee; Accounting Standard 19; Operating Lease; Narration; Forward Points; Numerical-based questions; Future Value of Annuity; Decision Making Authority; Income Credit; Schedule 18; Cost of Goods Sold; Absorption Costing; Composite Voucher; Health Insurance; Bill of Exchange Journal Entry; Non-Voting Right Shareholding; EMI Calculation; Share Premium; Dormant Company; Zero Based Budgeting; Machine Construction; Job Costing; Cross Rate; Asset Classification; Error of Commission; Error of Principle; Break-Even Point (BEP); Bank Reconciliation Statement (Cash Book Balance); Capital and Revenue Expenditure |
| Shift 2 | Accounting Standard 9 and 10; Current Yield; Ordinary Annuity; Budgeting; Cash Flow; TDS and GST; Process Costing; Absorption Costing; Numerical Questions; Entry Posting; Auditor Panel (Public and Private Company); Depreciation; GST Applicable Date; Bonds; Annuity; Schedule 10; Bank Balance Sheet; Accounting Standard 1; Front End and Back End; Expenses (Profit and Loss); Rectification of Errors; Exchange Rate; Share Premium; Supply Completion Method; Accounting Concepts (Match the Following); BRS; Bond Theorems; Journal Entry; Gold and Silver Assets; Errors; Forex Exchange (Value Date); Bill of Exchange; AS 2 (Inventories); Quick Ratio (Quick Assets); Ind AS 7; Yield to Maturity (YTM) |
| Shift 3 | Contra Entry; Commission Error; Reversal Entry; Passbook vs Cash Book; Direct Cost; Bill of Exchange; Unconditional Order; Rent Receivable (Representative Personal Account); YTM Properties; Net Present Value (NPV); Simple Interest; Ordinary Annuity; Schedule 3; Other Assets; Non-Voting Shares; Derivatives; Error of Principle; Balance Sheet; Shareholders; Prepaid Expenses; Accounting Standard 2; Net Worth; LIFO and FIFO Numerical |
JAIIB AFM May 2025 Exam Analysis
The JAIIB AFM May 2025 exam reflected a concept-driven and moderately tough paper, with a clear focus on practical application, numericals, and core accounting concepts. Across all shifts, the paper tested candidates on a wide mix of accounting, costing, and financial management topics, making it important for aspirants to have both conceptual clarity and calculation accuracy.
A key highlight of this exam was the strong presence of numerical questions, especially in later shifts, along with repeated emphasis on ratios, annuity, bonds, and costing concepts. Candidates who practiced numericals and revised formulas thoroughly found the paper more manageable.
What was the overall difficulty level of the JAIIB AFM May 2025 exam?
The overall difficulty level of the exam ranged from moderate to slightly tough, with variation across shifts.
| Shift | Difficulty Level | Key Observation |
| Shift 1 | Moderate to Tough | Conceptual + moderate numericals, heavy Module A & D |
| Shift 2 | Moderate to Tough | Higher numerical weightage (~20 marks), focus on Module C & D |
| Shift 3 | Moderate | Balanced paper with mix of theory, ratios, and finance |
What was the exam pattern and question trend?
The paper followed a balanced yet practical approach, focusing on both theory and application.
| Section Focus | Details |
| Numerical Questions | 12–20 marks (increased in Shift 2) |
| Theory Questions | Concept-based and statement-type |
| Application-Based | High focus on real scenarios and calculations |
| Repeated Topics | Ratios, YTM, EMI, Annuity, Costing |
| Question Types | MCQs, match the following, statement-based |
Which topics had the highest weightage?
The exam covered almost the full syllabus, but some topics had significantly higher weightage and repetition across shifts.
| Topic | Key Areas Covered |
| Accounting | Journal Entries, Rectification, Capital vs Revenue, Depreciation |
| Ratios | Current Ratio, Quick Ratio, Working Capital Ratio, Debt-Equity |
| Costing | Marginal Costing, Absorption Costing, Job & Batch Costing |
| Financial Management | YTM, NPV, Annuity, EMI, Capital Budgeting |
| BRS | Cash Book & Passbook-based questions |
| Accounting Standards | AS 1, AS 2, AS 10, Ind AS concepts |
| Bonds & Finance | YTM, Duration, Zero Coupon Bonds |
What type of numerical questions were asked?
Numericals played a crucial role, especially in Shift 2. The details of the topics from which questions were asked in the exam are as follows:
| Topic | Question Type |
| EMI | Calculation-based |
| YTM | Bond valuation and approximation |
| Annuity | Ordinary annuity & annuity due |
| NPV | Capital budgeting |
| Depreciation | Sum of Years Digit Method |
| Ratios | Current & Quick Ratio calculations |
| Costing | Marginal costing & profit calculation |
What were the key concepts tested in the exam and their shift-wise distribution?
The paper strongly focused on core accounting, costing, and financial concepts, with a clear emphasis on practical application and numericals across all shifts.
| Category | Topics Covered | Shift-wise Highlights |
| Accounting Concepts | Basic accounting assumptions, business entity & materiality, capital vs revenue expenditure, deferred tax (timing vs permanent difference) | Shift 2: AS 1, AS 2, AS 10 were asked |
| Journal Entries & Errors | Forfeiture of shares, prepaid expenses adjustment, rectification using suspense account, bonus issue entries | Shift 1: Journal entries (3 questions); Shift 3: accounting errors and entries |
| Costing Concepts | Marginal vs absorption costing, cost of goods sold, budgeting (capital budget), decision-making concepts | Shift 1: marginal costing numericals; Shift 3: costing basics |
| Numerical Focus Areas | EMI, YTM, annuity, depreciation (including Sum of Years Digit method) | Shift 1: EMI, YTM, depreciation; Shift 2: high numerical weightage (~20 marks), repeated EMI/YTM/annuity |
| Ratio & Financial Analysis | Current ratio, quick ratio, leverage ratios | Shift 2: ratio-based questions asked |
| Regulatory Concepts | Banking Regulation Act basics (Section 29) | Shift 2: direct conceptual question |
| Investment & Finance Concepts | NPV, present value, bond concepts | Shift 3: focus on NPV, PV, bonds |
| Shift 1 Focus | Module A & D emphasis | BRS (3 questions), marginal costing, minimal focus on golden rules |
| Shift 2 Focus | High numerical weightage (~20 marks) | Repeated numericals and accounting standards focus |
| Shift 3 Focus | Balanced paper | More conceptual clarity required across costing and accounting |
What were the most repeated topics across shifts?
Certain topics were consistently repeated, making them extremely important.
| Repeated Topic | Frequency |
| EMI | High |
| YTM | High |
| Annuity | High |
| Ratios | High |
| Depreciation (SYD Method) | Repeated |
| Costing | Moderate to High |
| Accounting Standards | Moderate |
FAQs
Ans. The exam is scheduled for 10th May 2026.
Ans. The paper is expected to be moderate with a mix of conceptual and numerical questions.
Ans. Accounting, costing, and financial management are the most important areas.
Ans. EMI, YTM, annuity, NPV, ratios, and depreciation are key numerical topics.
Ans. Shift 2 is generally expected to have higher numerical weightage.
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