[PDF] Accounting & Financial Management for Bankers by IIBF

In the ever-evolving world of banking, staying ahead of financial strategies and accounting practices is paramount. Dive into the essential guide of ‘Accounting & Financial Management for Bankers [2023 Edition]’ by IIBF, expertly published by Macmillan.

This comprehensive PDF serves as an indispensable resource, meticulously crafted to enrich bankers with the latest insights and methodologies. Whether you’re a seasoned practitioner or an aspiring professional, this authoritative text provides unparalleled knowledge to navigate the complexities of financial management in 2023.

Equip yourself with the tools to excel and transform your banking acumen with this benchmark of educational excellence.

The book titled “Accounting & Financial Management for Bankers” serves as an all-encompassing guide designed to provide bankers with a robust grasp of both accounting and financial management.

As businesses continue to develop, it becomes crucial for bankers to possess a basic comprehension of accounting principles, the processes involved, the significance of financial statements, the integration of technology in accounting, and the important ratios used to assess financial statements and their interpretation.

Additionally, it is essential to understand the connection between cost accounting, financial accounting, management accounting, and financial management. Efforts have been made to explain these concepts in clear language, supplemented with examples for easier understanding.

Book Details:-

Book Name:	ACCOUNTING & FINANCIAL MANAGEMENT FOR BANKERS by IIBF
Author/Publisher:	Macmillan
Language:	English
Edition:	2023 (1st Edition)
No of Pages:	633 Pages
File Type:	PDF (Downloadable)
PDF Size:	7.6 MB

MODULE A: ACCOUNTING PRINCIPLES AND PROCESSES

• Definition, Scope and Accounting Standards including Ind AS
  Nature and Purpose of Accounting, Historical Perspectives, New Accounting system / Value system accounting Origins of Accounting Principles, Accounting Standards in India and its Definition and Scope, Generally Accepted Accounting Principles of USA (US GAAP), Overview of IFRSs, Difference between GAAP and IFRS, Transfer Pricing
• Basic Accountancy Procedures
  Concepts of Accountancy, Going Concern Entity, Double Entry System, Principle of Conservatism, Revenue Recognition and Realisation, Accrual and Cash Basis
  Maintenance of Cash/Subsidiary Books and Ledger Record Keeping Basics, Account Categories, Debit and Credit Concepts, Accounting and Columnar
  Accounting Mechanics, Journalising
• Bank Reconciliation Statement
  Recording Transactions in Cash Book, Transactions Contained in the Pass Book/Bank Statement, Is Passbook a Mirror Image of Cash Book? Causes for Passbook and Cashbook being different, Understanding Reconciliation, Preparing Reconciliation Statement, Need for Bank Reconciliation, How to prepare a Bank Reconciliation Statement when extracts of Cash Book and Pass Book are given? Adjusting the Cash Book balance, Advantages of Bank Reconciliation Statement
• Trial Balance, Rectification of Errors and Adjusting & Closing Entries
  Meaning of a Trial Balance, Features and Purpose of a Trial Balance, Types of Trial Balance and Preparation of a Trial Balance, Disagreement of a Trial Balance, Classification of Errors, Location of Errors, Rectification of Errors, Suspense Account and Rectification, Rectification of Errors when Books are Closed, Adjusting and Closing Entries
• Depreciation & its Accounting
  Meaning of Depreciation, Causes of Depreciation, Need for Depreciation, Factors of Depreciation, Accounting Entries, Methods of Depreciation, Straight Line Method, Diminishing Balance or Written Down Value (WDV) Method, Advantages and Disadvantages of Straight Line Method, Advantages and Disadvantages of Written Down Value Method, Units of Production Method, Sum of the Years’ Digits Method, Replacement of a Fixed Asset and Creation of Sinking Fund, Amortisation of intangible assets
• Capital and Revenue Expenditure
  Expenditure, Distinction between Capital and Revenue Expenditure, Receipts
• Bills of Exchange
  Types of Instruments of Credit, Term and Due Date of a Bill, Certain Important Terms, Accounting Entries to be Passed, Accommodation Bill, Bill Books
• Operational Aspects of Accounting Entries
  Peculiar Features of Accounting System in Banks, Accounting Systems of Different Banks, Illustration
• Back Office Functions/Handling Unreconciled Entries in Banks
  Functions Performed by the Back Office, Reconciliation Function in Banks, Reconciliation of Inter Branch/ Office Entries
• Bank Audit & Inspection
  Bank Audit, Emergence of Risk based Internal Audit, Types of Bank Audits Viz. Concurrent Audit, Internal Audit, Statutory Audit, Role of Audit and Inspection

MODULE B: FINANCIAL STATEMENTS AND CORE BANKING SYSTEMS

• Balance Sheet Equation
  Balance Sheet Equation, Computation of Balance Sheet Equation
• Preparation of Final Accounts
  Preparation of Trial Balance, Adjustment Entries, Preparation of Financial Statements from Trial Balance
• Company Accounts – I
  Definition and Types of Companies, Distinction between Partnership and Limited Liability Company, Classes of Share Capital, Issue of Shares, General Illustrations, Non-voting Shares
• Company Accounts – II
  Form of Balance Sheet, Impact of Ind AS on Financial Statements
• Cash Flow & Funds Flow
  Cash Flow, Funds Flow Statement, Cash Flow Statement, Fund Flow and Cash Flow Analysis
• Final Accounts of Banking Companies
  Definition and Functions of a Bank, Requirements of Banking Companies as to Accounts and Audit, Significant Features of Accounting Systems of Banks, Principal Books of Account, Preparation and Presentation of Financial Statements of Banks, Accounting Treatment of Specific Items, Preparation of Profit and Loss Account, Comments on Profit and Loss Account Items, Important Items of Balance Sheet. Disclosure Requirements of Banks to be Added as Notes to Accounts, Disclosures Prescribed by RBI Under Basel-III, Banks Listed on a Stock Exchange, Implementation of Indian Accounting Standards (Ind AS)
• Core Banking Systems & Accounting in Computerised Environment
  Meaning of Computerised Accounting, Features of Computerised Accounting, Terms Used in Computerised Accounting, Difference between Computerised and Manual Accounting, Advantages and Disadvantages of Computerised Accounting, Functions Performed by Computerised Accounting Softwares Available in the Market, Computerisation – Scope and Experiences in Banking, The Core Banking Components, Information Security, Internet and World Wide Web – Influences on Banking

MODULE C: FINANCIAL MANAGEMENT

• An Overview of Financial Management
  Forms of Business Organisation, Financial Decision making in a Firm, Objectives of Financial Management, The Fundamental Principles of Finance, Building Blocks of Modern Finance, Risk-Return Trade off, Agency Problem in Financial Management, Business Ethics & Social Responsibility, Organisation of the Finance Function, Relationship of Finance to Economics and Accounting, Emerging Role of the Financial Manager in India
• Ratio Analysis
  Meaning of Accounting Ratios, Classification of Ratios, Uses of Accounting Ratios, Limitations of Accounting Ratios, Calculation and Interpretation of Various Ratios, Different Users and Their Use of Ratios
• Financial Mathematics – Calculation of Interest & Annuities
  What is Simple Interest? What is Compound Interest? Fixed and Floating Interest Rates, Front-end and Back-end Interest Rates, Calculation of Interest Using Products/Balances, What are Annuities? Calculating the Future Value of an Ordinary Annuity, Calculating the Present Value of an Ordinary Annuity, Calculating the Future Value of an Annuity Due, Calculating the Present Value of an Annuity Due, Repayment of a Debt
• Financial Mathematics – Calculation of YTM
  Meaning of Debt, Introduction to Bonds, Terms Associated with Bonds, Types of Bonds, Optionality in Bonds, Valuation of Bonds, Bond Value with Semi-annual Interest, Current Yield on Bond, Yield-to-Maturity of Bond, Theorems for Bond Value, Illustrations, Duration of Bond, Properties of Duration, Bond Price Volatility, Problems and Solutions
• Financial Mathematics – Forex Arithmetic
  Fundamentals of Foreign Exchange, Indian Forex Market, Direct and Indirect Quote, Some Basic Exchange Rate Arithmetic, Forward Exchange Rates
• Capital Structure and Cost of Capital
  Meaning of Capital Structuring, Leverage/Gearing, Factors Influencing Decision on Capital Structuring, Theories/Approaches on Capital Structuring, Net Income Approach, Net Operating Income Approach, Traditional Position, Assumptions in the Approaches on Capital Structuring, Taxation & Capital Structure, Cost of Debt, Preference, Equity, Determining the Proportions, Weighted Average Cost of Capital (WACC), Factors Affecting the WACC, Weighted Marginal Cost of Capital, Determining the Optimal Capital Budget, Divisional and Project Cost of Capital, Floatation Cost and the Cost of Capital, Misconceptions surrounding the Cost of Capital
• Capital Investment Decisions/Term Loans
  Discounted and Non-Discounted Cash Flow Methods for Investment Appraisal, Basic concepts of term loans, Deffered payment Guarantees, Project financing, Difference between term loan appraisal and project appraisal
• Equipment Leasing/Lease Financing
  Meaning of a Lease, Features of a Lease, Types of Leases, Rationale for Leasing, Contents of a Lease Agreement, Legal Aspects of Leasing, Finance Leases, Operating Leases, Accounting of Lease Transaction in the books of Lessor and Lessee, Leasing as a Financing Decision
• Working Capital Management
  Working Capital Cycle, Cash and Marketable Securities, Accruals, Trade Credit, Working Capital Advance by Commercial Banks, Cash Budget Method of Lending, Regulation of Bank Finance, Public Deposits, Inter- Corporate Deposits, Short-term loans from, Financial Institutions, Rights
  Debentures for Working Capital, Commercial Paper, Factoring & Forfaiting
• Derivatives
  Characteristics & Functions of Derivatives, Users of derivatives, Salient points, Futures, Forward Rate Agreement (FRA), Swaps, Options

MODULE D: TAXATION AND FUNDAMENTALS OF COSTING

• Taxation: Income Tax/TDS/Deferred Tax
  Overview of Income Tax Act, Basic Overview of Deductions in Respect of Certain Incomes & Deduction 80QQB, 80RRB, 80TTA & 80U, TDS/TCS, Returns, Refund & Recovery
• Goods & Services Tax
  Meaning of Direct & Indirect Tax, Introduction to GST
• An Overview of Cost & Management Accounting
  Cost Accounting: Evolution, Meaning, Objectives and Scope, Concepts of Costs, Classifications and Elements of Cost, Cost Centre and Cost Unit, Methods and Techniques of Costing, Cost Accounting Standards, Management Accounting: Evolution, Meaning, Objectives and Scope. Tools and Techniques of Management Accounting, Relationship of Cost Accounting, Financial Accounting, Management Accounting and Financial Management
• Costing Methods
  Unit and Output Costing, Job Costing: Job Cost Cards, Collecting Direct Costs, Allocation of Overheads and its Applications, Batch Costing: Features and Applications, Contract Costing: Features, Distinction between Job and Contract Costing, Progress Payments, Retention Money, Escalation Clause, Contract Accounts, Accounting for Material, Accounting for Plant Used in a Contract, Contract Profit and Accounting Entries, Process Costing: Features, Applications and Types of Process Costing, Process Loss, Abnormal Gains and Losses, Equivalent Units, Inter-Process Profit, Joint Products, By-Products and Accounting, Service Costing: Features and Applications, Unit Costing and Multiple Costing, Application, Identification of Cost Unit and Cost Determination and Control
• Standard Costing
  Definition, Significance and Applications, Various Types of Standards, Installation of Standard Costing System—for Material, Labour, and Overhead, Variance Analysis for Materials, Labour and Overheads and Accounting Treatment of Variances, Benchmarking for Setting of Standards, Variance Reporting to Management
• Marginal Costing
  Meaning, Advantages, Limitations and Applications, Breakeven Analysis, Cost-Volume Profit Analysis, P/V Ratio and its Significance, Margin of Safety, Absorption Costing: System of Profit Reporting and Stock Valuation, Difference between Marginal Costing and Absorption Costing, Income Measurement under Marginal Costing and Absorption Costing
• Budgets and Budgetary Control
  Budget Concept, Manual, Fixed and Flexible Budgets, Preparation and Monitoring of Various Types of Budgets, Budgetary Control System: Advantages, Limitations and Installation, Zero Base Budgeting, Programme and Performance Budgeting

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