JAIIB AFM UNIT 10 - BACK OFFICE FUNCTIONS/ HANDLING UNRECONCILED ENTRIES IN BANKS | ONLINE CLASSES |

Описание: JAIIB AFM Unit 10 | Back Office Functions & Handling Unreconciled Entries in Banks | Complete Theory + MCQs
Welcome to Parikshaverse, your go-to destination for JAIIB Exam preparation. In this in-depth video, we bring you a complete explanation of Unit 10 of the AFM (Accounting & Financial Management for Bankers) subject titled "Back Office Functions / Handling Unreconciled Entries in Banks."

This video is essential for all banking professionals appearing for the JAIIB 2024 Examination, especially those aiming to score high in the AFM paper. We’ve broken down the theory and MCQs into digestible parts so you can understand the concepts thoroughly and apply them confidently during the exam.

📌 Video Highlights:
🔸 Complete Theory of Unit 10 – Easy-to-understand explanation
🔸 Real-life Banking Examples for better conceptual clarity
🔸 Most Important MCQs based on the latest pattern
🔸 Smart Tricks to remember key points
🔸 Summary for last-minute revision

🧠 What You Will Learn in This Video?
✅ What are Back Office Functions in Banks?
Back Office operations refer to administrative and support tasks that don’t involve direct customer interaction. These include functions like transaction reconciliation, account settlement, report generation, compliance tracking, and record keeping.

✅ Importance of Back Office in Banking
Though not visible to customers, the back office is the backbone of banking operations. It ensures smooth functioning of day-to-day banking activities and maintains the accuracy of financial records.

✅ Understanding Unreconciled Entries
Unreconciled entries arise when transactions do not match between internal bank records and external records (e.g., customer accounts, branch records, or inter-branch transactions). These entries, if not addressed, can lead to major discrepancies and audit issues.

✅ Causes of Unreconciled Entries
🔹 Delay in communication between branches
🔹 Errors in data entry or coding
🔹 Missing vouchers or documents
🔹 System-related lags or mismatches
🔹 Manual processing errors

✅ Handling & Resolution of Unreconciled Entries
This unit also discusses the procedures, tools, and internal controls used by banks to detect, manage, and clear unreconciled entries. Key processes include reconciliation teams, exception reports, transaction matching software, audit trails, and timelines for resolution.

📝 MCQs Included in This Video
We’ve added exam-oriented multiple-choice questions (MCQs) to help you test your understanding. These are based on:

Previous year JAIIB papers

Sample questions from IIBF mock tests

Expected pattern for JAIIB 2024

Scenario-based questions relevant to actual banking operations

Every MCQ is explained with proper reasoning, eliminating guesswork and promoting conceptual clarity.

📚 AFM Unit 10 Key Concepts – Summary
Back Office vs Front Office: Differences in roles & responsibilities

Types of back office functions in a bank

Importance of automation and technology in back office

Meaning of reconciliation and types (inter-branch, bank-customer, suspense a/c, etc.)

Handling mismatches and tracking aging of unreconciled entries

Preventive controls: maker-checker systems, timely MIS, audit interventions

Regulatory compliance requirements (RBI guidelines on reconciliation)

Risk mitigation related to unreconciled entries

🔍 Why is Unit 10 Important for JAIIB?
AFM Unit 10 forms the basis of internal operations and risk management. Questions from this chapter are often asked in exams due to its practical relevance in real-world banking.
Topics like suspense accounts, inter-branch reconciliation, and aging of unreconciled entries are frequently tested.

🎯 Who Should Watch This Video?
This video is ideal for:
✅ Freshers in banks preparing for JAIIB
✅ Clerical & Officer level staff appearing for AFM paper
✅ Candidates from rural/semi-urban branches needing conceptual clarity
✅ Repeat aspirants who want revision-focused content with MCQs
✅ Anyone who prefers structured, to-the-point, Hindi-English mixed explanations

📌 Timestamps for Quick Navigation:
00:00 – Introduction
01:45 – What is Back Office in Banking?
06:10 – Key Functions of the Back Office
10:15 – What are Unreconciled Entries?
14:30 – Causes & Types of Unreconciled Entries
20:00 – How to Handle & Clear Entries
25:30 – Regulatory & Audit Considerations
30:00 – MCQs and Explanations (with Answer Key)
40:00 – Summary & Final Tips for Exam

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