CAAP,(Certified Accounting & Audit Professional), conducted by IIBF can be cleared by just reading two IIBF prescribed books, with 100% certainty & confidence.
Exam:
Exam:
- We need to have the patience to write the exam because 80% of questions have long options. We have to read all of them carefully.
- They give four statements and ask us to correct the wrong one or correct right ones.
- If we read the books, particularly the objectives provided at the end of each chapter, we can easily pass the test with at least 50.
- The simple calculator may be useful only for depreciation calculations, which we can solve manually.
- Questions like
- Depreciation calculations(5 questions).
- Agriculture credit NPA norms and IRAC classifications, on which date it may be classified as different assets (5 questions)
- KCC (5 questions)
- Credit cards NPA norms(1 question)
- Cash && bank book adjustments (5 questions)
- Priority sector lending (1)
- Schedules of BS & PL
- Business Risk & Control Risk matrix
- RBIA, Internal Audit
- Ind AS12
- Jilani
- Many questions are of the same model as the questions at the end of chapters on books.
Tips
- Go through all chapters at least
- Headings
- Tables
- Definitions
- Summary
- chapter-end objectives
- Numbered points
- Before one day of the exam, revise all the above ones.
- Take your own time, to read all lengthy options. If we read patiently all the choices, we can easily figure out the wrong/correct ones.
- But reading the two books gives us enough understanding of Accounting & Auditing in Bank, and we can pass them very easily.
- Above all the exam is just to have a basic understanding of A&A, We have to work in the accounting department of the bank to understand & implement our A&A skills. Even if we don't work in the accounting department, having some idea about A&A gives some edge to us over overall banking.
- Read Syllabus of exam and Contents 1 & 2 of books two-three times,
- Have notes regarding some important no's differences, ratings.. will be useful for revision.
