12 Important Topics That Appear Every Year in JAIIB AFM Exams

The JAIIB (Junior Associate of the Indian Institute of Bankers) exam is one of the most important exams for banking professionals looking to advance their careers in Accounts & Finance Management (AFM). The Exam Dates 2026 have been released and are scheduled between 3rd and 17th May 2026 for the May cycle, and between 1st and 29th November 2026 for the November cycle.

In this blog, we provide a detailed breakdown of the 12 most important AFM topics that mostly appear in the exam. These topics have previously accounted for 30–35 marks in the last 5 exams.

What are the 12 essential JAIIB AFM topics?

The 12 most important topics for the JAIIB AFM exam are as follows:

1. Accounting Concept
2. Bank Reconciliation
3. Rectification of Errors
4. How to Maintain Company Accounts
5. Cash Flow Statement
6. Annuity
7. Bond Valuation
8. Cost of Capital
9. Capital Budgeting
10. Tax
11. Cost of Accounting Method
12. Marginal Costing

JAIIB AFM Exam Pattern

The JAIIB AFM Exam 2026 will be conducted in an online mode with no negative marking. The paper consists of 100 questions for 100 marks, and candidates are given 2 hours to complete the paper. After final submission candidates will get to know the total correct answers, they have marked in the paper. The details of the JAIIB exam pattern are as follows:

Also Check: JAIIB AFM Detailed Syllabus

What is the module-wise breakdown of important topics?

Preparing for AFM (Accounts & Finance Management) can feel challenging due to the vast syllabus, but focusing on high-frequency and repeated topics can give you a major advantage. These topics consistently appear in exams and together cover 30–37 marks. By strategically preparing these, and a few additional subtopics, you can target 50 marks confidently.

What is covered in Module A Basics of Accounting?

Module A covers the foundational accounting principles that form the backbone of the AFM syllabus. Focusing on these topics ensures that you secure marks with direct questions and case-study-based problems. These topics are repeated in almost every exam and are essential for a strong start.

What topics are included in Module B Company Accounts?

Module B deals with company accounts and cash flow statements. These topics are high-scoring and non-negotiable, often contributing a significant portion of Module B marks. Preparing them thoroughly ensures a solid foundation in corporate accounting.

What does Module C include in Financial Management?

Module C is formula-driven and calculation-intensive. Topics in this module are frequently repeated and include both conceptual and numerical questions. Practicing formulas and understanding their derivations will help you secure marks efficiently.

Topic	Description	Approx. Marks
NUT (Numerical Utility Tool)	Formula-driven and calculation-based; minimal effort, consistent marks.	2
Bond Valuation	Conceptual + numerical questions; includes YTM & duration; recurring topic.	3
Cost of Capital	Includes equity, debt, preference shares, total cost; important formula-driven topic.	2–3
Capital Budgeting	Decision-making methods using multiple formulas; unavoidable topic.	3

What is covered in Module D Taxation & Cost Accounting?

Module D covers taxation and cost accounting, which are high-yield and formula-driven topics. Focusing on the key areas of income tax, GST, and cost accounting methods can easily secure you additional marks.

Topic	Description	Approx. Marks
Income Tax	TDS rates, sections, deductions under Section 80, TCS; frequently asked.	6
GST	Basic terminology, input tax credit, reverse charge mechanism, registration limits, forms.	4
Cost Accounting Methods	Selection of method for different businesses and cost computation process.	5

Also Check: JAIIB Admit Card 2026

Last Minute Preparation Strategy

Last-minute preparation strategies before appearing for the JAIIB AFM exam are as follows:

1. Focus on High-Weightage Topics – Prioritize these 12 “unavoidable” topics first. They cover 30–37 marks.
2. Extend to 15–18 Topics for 50 Marks – Adding a few extra subtopics like Depreciation, Balance Sheet Equation, and Ratios can help cover 50 marks smartly.
3. Practice Formulas & Calculations – Modules C and D are formula-heavy. Focus on understanding derivations rather than rote memorization.
4. Use PDF & Notes – Prepare using downloadable PDFs for quick revision make structured notes for all topics.
5. Mock Tests – Solve last 5-year papers to understand trends. These topics appear repeatedly in exams.

Attempt JAIIB Practice Quiz

Boost your JAIIB preparation with a focused practice quiz designed to strengthen your conceptual clarity and exam readiness. Attempt the JAIIB Practice Quiz and test your understanding of important topics while improving accuracy and speed.

1. Under the Going Concern Assumption, which of the following treatments is most appropriate?

A. Fixed assets are recorded at their current market value every year.
B. All assets are liquidated annually to reflect true worth.
C. Prepaid expenses are deferred and not treated as current period expenses.
D. Profits are distributed even if losses exist.

2. In double-entry bookkeeping, if a business buys machinery for ₹5,00,000 by cheque, what is the correct effect?

A. Debit Cash; Credit Machinery
B. Debit Machinery; Credit Bank
C. Debit Capital; Credit Machinery
D. Debit Purchase; Credit Bank

3. A company bought machinery worth ₹4,00,000. It incurred ₹50,000 for transportation, ₹25,000 for installation, and a trade discount of ₹10,000 was allowed. It also paid ₹15,000 for maintenance during the first year.

What will be the capitalized value of machinery as per cost concept?

A. ₹4,75,000
B. ₹4,65,000
C. ₹4,85,000
D. ₹4,90,000

Answer: A
Explanation: ₹4,00,000 + ₹50,000 + ₹25,000 – ₹10,000 = ₹4,65,000. Maintenance is revenue expense.

4. What is the correct treatment of Bad Debts and Provisions for Doubtful Debts in the financial statements of banks?

A. Shown under Expenses in the Balance Sheet and Profit in Profit C Loss.
B. Deducted from Gross Advances in the Balance Sheet and recorded under “Provisions and Contingencies” in PCL.
C. Not disclosed separately in final accounts as per Schedule III.
D. Included only in footnotes and never deducted from advances.

5. According to the Companies Act, 2013, which of the following best explains the reason for maintaining the distinction between different types of companies such as statutory, registered, foreign, and government companies?

A. This distinction determines the tax liabilities applicable to different classes of companies only.
B. These categories govern how dividends are calculated and distributed under the Companies Act.
C. The classification affects legal formation, operational governance, audit requirements, and compliance protocols defined under respective regulatory statutes.
D. The categories are symbolic and used primarily for internal classification without legal consequences.

Quiz Summary

Final Score: 0.0

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Key Takeaways

Module	Important Topics	Minimum Marks in Exam	Notes
A	Accounting Concepts, BRS, Rectification of Errors, Depreciation	7–8	Repeated in all exams, easy to secure marks
B	Company Accounts, Cash Flow Statement	12–13	Non-negotiable, moderate effort required
C	NUT, Bond Valuation, Cost of Capital, Capital Budgeting	10	Formula-driven, some conceptual mix
D	Income Tax, GST, Cost Accounting Methods	15	Focus on core calculations & basic GST concepts

FAQs

Q1. How many marks do these 12 topics cover in AFM?

These topics cover around 30–37 marks, and with a few additions, you can target 50 marks easily.

Q2. Can I skip minor topics if I focus on these?

Yes, you can prioritize high-weightage topics first. Minor topics can be prepared partially (60–70%).

Q3. How should I revise formula-heavy topics?

Focus on understanding derivations and logic rather than rote memorization. NUT, Bond Valuation, Cost of Capital, and Capital Budgeting need practice calculations.

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Hi, I’m Aditi. I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies.
My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.