Welcome to The Bankers Laddar! If you’re preparing for the JAIIB 2025, you’re at the right place. In this blog post, we’re diving deep into important questions for Accounting and Financial Management (AFM) – not just from an exam perspective but to build a strong conceptual foundation. These questions are based on past trends and conceptual clarity that can help you ace the exam.

Whether you’re a first-time candidate or re-attempting, this guide will help you identify what to focus on, and how to practice smartly.

What’s Covered in This Blog?

• Handpicked AFM Questions from previous year exams

• Explanation of correct answers with conceptual clarity

• Common mistakes students make while answering statement-based questions

Sample Questions Discussed

Here’s a glimpse of the type of questions we’ve covered:

1. What was significant about Luca Pacioli’s “Summa” published in 1494?
   ➤ It introduced the double-entry bookkeeping system—the foundation of modern accounting.

2. Which accounting standards are mandatory under SEBI, Companies Act 2013, and ICAI?
   ➤ Responsibility lies not just with auditors, but also the Board of Directors (as per Section 134(5)) to ensure compliance.

3. Nature of Accounting Concepts
   ➤ These are universally accepted rules that guide recording of transactions—not creative ideas or flexible suggestions.

4. Cost Accounting Development During Industrial Revolution
   ➤ Driven by the need for efficiency and profitability, especially under the influence of the scientific management movement.

5. Management Accounting & Decision Making
   ➤ Focuses on both routine and strategic decision-making—not just historical reporting.

6. Human Resource Accounting Origins
   ➤ Initiated in 1964 by Hermannson, integrating both financial and non-financial metrics.

Why Conceptual Clarity Matters

Most JAIIB AFM questions are statement-based and require elimination logic. Without conceptual understanding, even knowing the answer won’t be enough under exam pressure.

We’ve made the complete PDF of this AFM session available for FREE. Just visit the JAIIB E-Library on our website, register, and download the session material right away.

Success in the JAIIB exam is all about smart preparation, practicing previous years’ questions, and strengthening your fundamentals. Our mission at The Bankers Laddar is to make your journey smoother with the best content, faculty, and mentoring.

So, enroll today, download your materials, and let’s crack JAIIB 2025 together!