Mathematics & Accounting for Bankers

Basics of Business mathematics- Calculation of simple Interest and compound Interest, Fixed and Floating rates of interest, Calculation of EMIs, Calculation of front end and back end interest

Basic accounting procedure- Concepts of accountancy, entity, going concern, double entry system. Record Keeping basics, account categories, debit and credit concepts, journalizing, Maintenance of cash/subsidiary books and ledger..

Trial balance, adjusting and closing entries-Day Book and General Ledger Posting. Depreciation- meaning, Need of charging depreciation, Methods- Straight line and WDV.

Bank Reconciliation Statement- Need for reconciliation between cash book and bank pass book, Problem relating to the prepration of Bank reconciliation statement. Bills of Exchange- Bills receivable and bills payable, Acceptation and Endorsement, Discounting, Retirement, Dishonour and Renewal of bills, Accomodation bills.

Final accounts- Concept of capital, Revenue and Deferred Revenue Expenditure, Opening entries, Closing entries, Adjustment entries. Manufacturing, Trading and Profit and Loss Account (With Adjustment) and Balance Sheet.