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IBB Banking Diploma tutorial

JAIBB Business communication (BC)


  Business communication (BC) is a subject of JAIBB Banking Diploma examination. Many people tried more and  more to pass this subject.


Today i will discuss about effective business communication.


The Main Skills for Effective Communication

Following are the main skills one should have to master to become an effective communicator.
Although acquiring all these skills and mastering them to the same level seems to be challenging, knowing all these skills and slowly working on them will take you to the level you want to be in communication.

Staying Focused

When you deal with a current crisis or an argument, relating something from the past is quite natural.
When this happens, most of the times, the discussion goes out of topic and the situation can become quite complicated.
Staying focused is one of the best skills not only for communicating under pressure, but for all types of communications ranging from lunch chitchats to board discussions.
If you go out of focus, there is a high chance that the end result of the communication may not be effective.

Listening Carefully

Although people think that they are listing when another person talks, actually they are spending time planning what to say next.
This is what we actually do! Therefore, you need to make an extra effort in order to listen to what the other person says and then come up with what you want to say.
If you are not sure what you've heard, repeat it and ask for their confirmation.

click here to see Business communication question of IBB Banking Diploma Examination.

Understanding Others' Point of Views

In most of the communications, we want ourselves heard and understood. We talk a lot on our point of view and try to get the buying of who are listening.
Remember, others also do the same! If you want them to hear you, you need to hear them and understand their point of view too.
If you can really see through their point of view, you can actually explain yours in a clear and applicable way.

Empathy When Criticizing

Sometimes, we become really defensive when someone criticizes us. Since criticism has close ties with emotions, we can be easily erupted.
But, in communication, it is really important to listen to the other person's pain and difficulties and respond with empathy.
At the same time, try to extract the facts and the truth in what they say, it can be useful for you.

Taking Ownership

Taking personal responsibility is a strength. When it comes to effective communication, admitting what you did wrong is respected and required.
Most of the times, there are many people, who share responsibility in a conflict. In such cases, admit what is yours. This behaviour shows maturity and sets an example.
Your behaviour most probably will inspire others to take responsibility for their share.

Compromise if Necessary

We love to win arguments all the time, but how often have you felt empty inside after winning an argument? Sometimes, winning an argument does not make sense.
You may win the argument but might lose the corporation of other people. Communication is not about winning, it's about getting things done.
For the objective of getting things done, you may have to compromise in the process. If it is necessary, please do!

Take a Time-Out if Necessary

Sometimes, you need to take a break in the middle of the discussion. If the communication is intensive, there can be ineffective communication pattern surfaced.
Once you notice such patterns, you need to take a break and then continue. When you continue after the break, all the parties involved in the discussion will be able to constructively contribute for the discussion.

Compete for Your Objective

Although there can be a lot of obstacles on your way, do not give up what you are fighting for.
Surely you may have to compromise, but clearly stand for what you believe in. When it comes to communication, all the parties involved should satisfy with the outcome of it.

Ask for Help

Sometimes, you might have difficulties to communicate certain things to certain parties. This could be due to an issue related to respect or something else.
In such cases, seek help from others. Your manager will be one of the best persons to help you with.

See more all JAIBB Tutorial
(একাউন্টিং লেকচার-১) ভিডিও

আমরা আগেই বলেছি, এখানে এক্সপার্ট হওয়ার দরকার নাই। শুধু পাশ করলেই চলবে। ভয় পাওয়ার কিছু নেই।
সব অংক পরীক্ষায় দেয়ার দরকার নেই। সুবিধামত ২ থেকে ৩ টি অংক দিলেই যথেষ্ট।
আর অবশ্যই সব থিওরী এন্সার করবেন।

বিগত পাঁচ বছরে যে অংক গুলো এসেছে তার আলোকে আমরা টিউটোরিয়াল সাজিয়েছি।

আজ শিখব ডেবিট এবং ক্রেডিট কি?
একেবারে খাটি বাংলা ভাষায় বললে বিষয়টা এভাবে হবে-
   সুবিধা /নগদ টাকা/ পন্য গ্রহনকারী - ডেবিট
  সুবিধা প্রদানকারী - ক্রেডিট

যেমনঃ ৫০,০০০ টাকা দিয়ে ব্যবসা শুরু করল।
এখানে - কে ব্যবসা শুরু করল? কোম্পানী। তার মানে কোম্পানীকে ৫০,০০০ টাকা দেয়া হয়েছে ব্যবসা শুরু করার জন্য। এটি মুলধন বা capital
সুতরাং মুলধন বা capital  হিসাব - ডেবিট
আর নগদ টাকা ক্রেডিট।

কিছুটা বুঝতে পেরেছেন?
আসুন ভিডিও দেখি।



,

প্রথমেই বলি ব্যাংকিং ডিপ্লোমা পরীক্ষা  কি?
ব্যাংকিং ডিপ্লোমা পরীক্ষা হল ব্যাংক ও অন্যান্য আর্থিক প্রতিষ্ঠানে কর্মরত কর্মকর্তাদের জন্য একটি প্রফেশনাল কোর্স।
এটি আপনার প্রমোশনের জন্য অতিরিক্ত যোগ্যতা। সুতরাং এক্সপার্ট হওয়ার দরকার নাই। শুধুমাত্র পাশ করলেই চলবে।

ইন্সটিটিউট অফ ব্যাংকার্স, বাংলাদেশ (আইবিবি) ব্যাংকিং ডিপ্লোমা পরীক্ষা দুই অংশে বিভক্ত।
পার্ট-১ এবং পার্ট-২। অনেকটা এসএসসি এবং এইচএসসি পরীক্ষার মত। পার্ট-১ পাশ করলে পার্ট-২।

পার্ট-১ এ ৬ বিষয়ে ৬০০ নাম্বার
পার্ট-২ এ ৬ বিষয়ে ৬০০ নাম্বার।  দুই পার্ট এ মোট ১২০০ নাম্বার।

পার্ট-১ এর বিষয়গুলিঃ
১। বিজনেস কমিউনিকেশন
২। ব্যাংকিং প্র‍্যাক্টিস এন্ড ল
৩। অর্থনীতি
৪। ম্যানেজমেন্ট ফর ফাইনান্সিয়াল সার্ভিস
৫। একাউন্টিং ফর ফাইনান্সিয়াল সার্ভিস
৬। মার্কেটিং

পার্ট-২ এর বিষয়গুলিঃ


----
বছরে দুই বার এই পরীক্ষা হয়। সাধারণত মে-জুন এবং নভেম্বর -ডিসেম্বর এ পরীক্ষা অনুষ্ঠিত হয়।
পরীক্ষার ফি বর্তমানে ১৫০০ টাকা এবং রেজিস্ট্রেশন এর মেয়াদ আজীবন।
ফেল করলে কোন সমস্যা নেই। যেই বিষয় ফেল করবেন ঐ বিষয় পরবর্তীতে পরীক্ষা দিতে পারবেন।
হতাশ হওয়ার কোন কারন নেই।

আপনি হয়ত ইতিমধ্যে জেনেছেন যে কেউ কেউ কোন বিষয় ৫ বা ৬ বার দিয়েও পাশ করতে পারছে না।
তাই আপনাদের জন্য আমরা এই ফ্রি টিউটোরিয়াল এর ব্যবস্থা করেছি।
গুরুত্ব বিবেচনা করে আমরা প্রথমেই বিজনেস কমিউনিকেশন এবং একাউন্টিং এর টিউটোরিয়াল দিয়ে শুরু করব।

পর্ব-২ঃ একাউন্টিং টিউটোরিয়াল, লেকচার ১

(1) “T” Account, Definition, Format and Example:

“T” accounts vertically divide page of the ledger in two equal halves. As they look like the capital letter “T” so are called “T” accounts. This method of preparing accounts helps to save time, space, and effort. It is preferably used for the class room demonstration, practice and rough work.
The left half or left hand side is termed debit, abbreviated as (Dr) and the right side is credit, abbreviated as (Cr). However, in practice, bookkeepers do not normally show the terms debit (Dr) or Credit (Cr) at the top of the accounts as there is no need to give them a reminder about these rules. Each half is further sub divided into four sections.
  • Date column, to show date of the transaction.
  • Details column, to provide cross reference with regard to the other account(s) involved in the ledger.
  • Folio column, to provide additional reference of the item recorded in the account.
  • Amount column, to record the monetary value of the item debited or credited to the account.

 t-account-format

Because of double-entry mechanism, accountants record an accounting entry in a minimum of two T-accounts in order to envisage the complete impact of an accounting transaction on the accounting records.
t-account-example

(2) Three Column Ledger Account (Running Balance Method):

Definition and Format of Three Column Ledger Account:

In practice accounts are usually prepared in three column ledger account or running balance method, layout especially, when business uses an integrated computerized system. A familiar example of this form of account is a bank statement issued periodically by banks to their account holders. The major advantage of this form is that it shows the latest account balance at a glance. This form of account has six columns.
  • Date column, to show date of the transaction for both debt and credit entries.
  • Details column, to provide cross reference with regard to the other accounts involved in the ledger.
  • Folio column, to provide additional reference of the item recorded in the account.
  • Debit amount column, to record the monetary value of the item debited.
  • Credited amount column, to record the monetary value of the item credited.
  • Balance amount column, to show the net balance after each and every transaction, therefore this layout is called running balance method.
In manual accounting, this is time consuming and may lead to errors, however, using computerized accounting systems, balances are automatically calculated so there are less chances of errors.
format-of-three-column-ledger-account
The rules for debit and credit may be illustrated as:
format-of-three-column-ledger-account1
The above rules for debit and credit dictate that an increase in an asset account reflected by a debit entry will be matched by a credit entry in either a liability/capital account (Up-arrow in liability/capital) or in another asset account (Down-arrow in another asset). In both instances a debit entry gives rise to a credit entry which is the essence of double entry concept which states that every debit has a corresponding credit with same and equal amount. However this must be remembered that both debit and credit effects may occur in only one side of the accounting equation.
As increase in asset accounts require debit entry in asset accounts so, as a result, at any point of time asset would always have a debit balance. Whereas increase in liability/capital accounts requires credit entry in respective liability/capital accounts, so as a result at any point of time they would always have a credit balance.



Video lecture on Depreciation

Accounting information helps users to make better financial decisions. Users of financial information may be both internal and external to the organization.

Internal users (Primary Users) of accounting information include the following:
  • Management: for analyzing the organization's performance and position and taking appropriate measures to improve the company results.
  • Employees: for assessing company's profitability and its consequence on their future remuneration and job security.
  • Owners: for analyzing the viability and profitability of their investment and determining any future course of action.
Accounting information is presented to internal users usually in the form of management accounts, budgets, forecasts and financial statements.

External users (Secondary Users) of accounting information include the following:
  • Creditors: for determining the credit worthiness of the organization. Terms of credit are set by creditors according to the assessment of their customers' financial health. Creditors include suppliers as well as lenders of finance such as banks.
  • Tax Authourities: for determining the credibility of the tax returns filed on behalf of the company.
  • Investors: for analyzing the feasibility of investing in the company. Investors want to make sure they can earn a reasonable return on their investment before they commit any financial resources to the company.
  • Customers: for assessing the financial position of its suppliers which is necessary for them to maintain a stable source of supply in the long term.
  • Regulatory Authorities: for ensuring that the company's disclosure of accounting information is in accordance with the rules and regulations set in order to protect the interests of the stakeholders who rely on such information in forming their decisions.
JAIBB Accounting For Financial Service Math Solution -Last Edition May 2018 (Paperback) - BUY NOW

What is accounting?
Accounting is the recording of financial transactions plus storing, sorting, retrieving, summarizing, and presenting the information in various reports and analyses. Accounting is also a profession consisting of individuals having the formal education to carry out these tasks.

One part of accounting focuses on presenting the information in the form of general-purpose financial statements (balance sheet, income statement, etc.) to people outside of the company. These external reports must be prepared in accordance with generally accepted accounting principles often referred to as GAAP or US GAAP. This part of accounting is referred to as financial accounting.

What are the main objectives of Accounting?
  • To keep systematic records: Accounting is done to keep a systematic record of financial transactions. In the absence of accounting there would have been terrific burden on human memory which in most cases would have been impossible to bear.
  • To protect business properties: Accounting provides protection to business properties from unjustified and unwarranted us. This is possible on account of accounting supplying the information to the manager or the proprietor.
  • To ascertain the operational profit or loss: Accounting helps is ascertaining the net profit earned or loss suffered on account of carrying the business. This is done by keeping a proper record of revenues and expenses of a particular period. The profit and loss account is prepared at the end of a period and if the amount of revenue for the period is more than the expenditure incurred in earning that revenue, there is said to be a profit. In case the expenditure exceeds the revenue, there is said to be a loss.
  • To ascertain the financial position of business: The profit and loss account gives the amount of profit or loss made by the business during a particular period. However, it is not enough. The businessman must know about his financial position i.e., where he stands; what he owes and what he owns? This objective is served by the balance sheet or position statement.
  • To facilitate rational decision making: Accounting these days has taken upon itself the task of collection, analysis and reporting of information at the required points of time to the required levels of authority in order to facilitate rational decision making.
Question: Bank Reconciliation::
i) Balance as per Bank statement 86129
ii) Deposit in transit 44700
iii) Outstanding cheque 1,29,478
iv) Bank error (deposit understated) 10,000
v) NSF cheque from customer debited to the account by the bank 2300
vi) Bank service charge for december  75
vii) Error of deposit book (cheque to pay creditor at Tk 300 but written for only tk 30)  270
viii) Bank Balance as per depositor recorded 31-12-2014     13,506

Solution:

Particulars Amount Amount
Balance as per Bank statement   86179
Add, Deposit in transit 44700  
Add, Deposit understated 10000  
    54700
Less, Outstanding cheque   129478
Correct Bank Balance   11401
     
     
Balance as per depositor's book   13506
Add, Deposit Book Error   270
Less, NSF cheque 2300  
Less, Bank service charge 75  
    2375
Correct Bank Balance   11401







Monty Zuma Wholesale Company

Trial Balance

31-Dec-10




Accounts Title Debit Taka Credit Taka
Cash 23400  
Accounts Receivable 37600  
Merchandise Inventory 90000  
Land 92000  
Building 197000  
Acc. Depreciation - Building   54000
Equipment 83500  
Acc. Depreciation - Equipment   42400
Notes Payable   50000
Accounts Payable   37500
M Zuma, Capital   267800
M Zuma Drawing 10000  
Sales   902100
Sales Discounts 4600  
Cost of goods sold 709900  
Salaries Expense 69800  
Utilities Expense 19400  
Repair Expense 5900  
Gas and Oil Expense 7200  
Insurance Expense 3500  
  1353800 1353800



Adjustment:

i. Depreciation is Tk  10000 on building and Tk 9000 on equipment (Both are administrative Expenses).
ii. Interest of Tk. 7000 is due and unpaid on notes payable at December 31, 2010
Other Data:

i. Salaries are 80% selling and 20 % administrative
ii. Utilities Expense, repair expense and insurance expense are 100% administrative
iii. Tk 15000 of the notes payable are payable next year
iv. Gas and oil expense is selling expense




Requirements:

a) Enter the Trial Balance on a worksheet and complete the worksheet
b) Prepare:-

i. a multiple step income statements,

ii. Owners wquity statements

iii. A classified balance sheet

c) Journalize the adjusting entries

d) Journalizing the closing entries


Wait for solution......................


Concept of Production Function : Meaning, Factors and Nature

By Admin on December 01, 2012 , Total read: 2 times.

Meaning of Production Function:

https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVWq2JiXElJcoeydMDqdBmGC5AYzjChxY8qWmLWg3KtE4il_Y7XmXonGMIKkxXrZ16e7yHeWCvO3Dn5A8QIFq5KNh7HeRwjdGxgc89SZxMp5XIyJeVLzR-GxWQp1k2kFtFxViKOzXy9FM/s320/production+function+with+different+levels+of+technology.png
Professor Samuelson says, "Production function is the technical relationship telling the amount of output capable being produced by each and every set of specified inputs."
Production function is the name given to the physical relationship between a firm’s p

The Incoterms® rules for foreign trade and international business

By Admin on December 01, 2012 , Total read: 0 times.
The Incoterms® rules have become an essential part of the daily language of trade. They have been incorporated in contracts for the sale of goods worldwide and provide rules and guidance to importers, exporters, lawyers, transporters, insurers and students of international trade.
  1. EXW Ex Works
  2. FCA Free Carrier
  3. CPT Carriage Paid To
  4. CIP Carriage And Insurance Paid To
  5. DAT Delivered At Terminal
  6. DAP Delivered At Place
  7. DDP Delivered Duty Paid
  8. FAS Free Alongside Ship
  9. FOB Free On Board
  10. CFR Cost and Freight
  11. CIF Cost, Insurance and Freight

RULES FOR ANY MODE OR MODES OF TRANSPORT


"Economics is the Study of Mankind in the ordinary Business of life"- Discuss.
By Admin on December 01, 2012 , Total read: 0 times.
http://www.merospark.com/wp-content/uploads/2015/03/Alfred-Marshall.jpg     In his widely read textbook, Principles of Economics, published in 1890, Marshall defines economics as follows:
"Political Economy or Economics is a study of men as they live and think and move in the ordinary business of life. It examines that part of individual & social action which is most closely connected with the attainmen

Economic Impact of Foreign Remittance in Banladesh

By Admin on December 01, 2012 , Total read: 2 times.
http://www.assignmentpoint.com/wp-content/uploads/2013/05/Foreign-Remittance.jpg
What impact do remittances are stimulating overall economic growth? Remittances will be used for consumption and investment that any stimulates demand for product and services, furthermore as contribute to monetary development. On the opposite hand, they\'ll produce dependence in recipients and cause real exchange-rate appreciation that adversely affects domestic production.
The associate is an empirical one that we will answer victimization on the market information. Our findings echo recent econom

Maslow s Hierarchy Theory of Needs

By Admin on December 01, 2012 , Total read: 3 times.

Maslow s Hierarchy of Needs

by Admin twitter icon published 2007, updated 2015
Maslow wanted to understand what motivates people. He believed that people possess a set of motivation systems unrelated to rewards or unconscious desires.
Maslow (1943) stated that people are motivated to achieve certain needs. W

Economic Impact of Inflation

By Admin on December 01, 2012 , Total read: 32 times.
-- 03 May 2015, Murad Hossain

There are many deadly effects of inflation. Two of the most important are:
  1. Redistribution of Wealth and Income among the People
  2. Distortion in the Production of Goods, employment and relative Prices (During Periods of Inflation all prices and wages do not change at the same rate; so changes in relative prices occur)

Impact on Wealth and Income

This effect is focused on the assets and liabilities of the People. If you owe money, a rise in the price will be a gain for you . But you lend and the prices rise, you suffer. Because the amount repa

Difference Between Inflation, Deflation and Disinflation

By Admin on December 01, 2012 , Total read: 16 times.
-- 03 May 2015, Murad Hossain
Deflation and Disinflation are not the same. Although they all show the behavior of Price level but They are different in their direction and change in the Rate of Price Level.

Deflation

means an opposite to Inflation Or Falling Price (just like we have rising prices in Inflation). A deflation does not have a positive impact all the time. Off course, every person would want to have falling prices but not below “0”. Not every person is willing to sell below the level of the costs it has incurred.

Disinflation

Is considered to be a common condition. It is related to the Rate of change of Prices

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