Concept: Diploma in Banking and Accounting
Eligibility Criteria: Minimum 12th Pass
Fee: 17000 PA
Duration:1 Year
Syllabus:
Module A – Basics of Business Mathematics

Calculation of Simple Interest and Compound Interest-Fixed and Floating Interest Rates – calculation of EMIs – Calculation of front end and back end interest -Calculation of Annuities – Calculation of provisions for NPA and risk weights for Basel II – Interest calculation using products /balances.

Amortization and Sinking Funds Bonds – Calculation of YTM – Duration – Bond Pricing – Premium and Discount – Bond valuation rules preliminary method, definition of debt, rules on compounding in respect of loan accounts, penal interest etc. Capital Budgeting – Discounted cash flow – net present value – pay back methods Depreciation – different types – methods of calculation Foreign Exchange Arithmetic for beginners.

Module B – Accounting in Banks/Branches

Definition & Scope and Accounting Standards – Nature and purpose of accounting; historical perspectives – Origins of accounting principles – accounting standards and its definition and Scope. Generally Accepted Accounting Principles – USA Transfer Price mechanism.

Basic Accountancy Procedures – Concepts of accountancy – entity going concern – double entry systems, Principles of conservatism – revenue recognition and realization – accrual and cash basis. 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

Module C – Bank Accounting and Balance Sheet

Rules for bank accounts, cash/clearing/transfer vouchers/system – subsidiary book and main day book – General Ledger -Branch v/s Bank Accounts Bank Balance Sheet Structure – accounts – categories -Assets, Liabilities and Net Worth Components. Accounting for NPA /Provisioning/Suit Filed Accounts Preparation of Final Accounts – Final Accounts of Banking Companies – Disclosure Requirements.

Module D – Other Accounts

Partnership accounts – partner’s fixed capital accounts – Current accounts – loan accounts – treatment of intangibles like goodwill – Admission/ retirement / death of partner – Company accounts – classes of Share Capital – issue/ forfeiture of Shares -issue of Bonus Shares Bank reconciliation statement – Capital & Revenue Expenditure/Depreciation/Inventory Valuation/Bill of Exchange / Consignment Account / Joint Venture – Special accounts – Leasing and Hire – Purchase Company accounts – Accounts of Non – Trading Concerns – Accounting from incomplete records – Receipts and Payments Account – Income and Expenditure Account. Ratio Analysis.

Module E – Computerized Accounting

Accounting in electronic environment – methods – procedures – security – rectification Core banking environment is to be highlighted. Standard books maintained for different accounts are to be shown as model.