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Guarantees and liabilities

Unit 4: Accounting for Guarantee and Margin DepositTopic 1 of 3

Browse the Accounting for Banking syllabus

Accounting for Banking

16 units

1 Introduction
2 Accounting for Deposit
3 Accounting for Bills for Collection
4 Accounting for Guarantee and Margin Deposit
5 Letter of Credit (LC)
6 Accounting for Remittance
7 Accounting for Credit and Advances
8 Accounting for Cash Transactions
- Cash books and records
- Bank reconciliation
9 Accounting for Treasury Management
10 Banking Technology Products
11 Concept of BASEL Framework
- BASEL and capital standards
12 Anti Money Laundering (AML)
- AML and legislation
- Know your customer
13 Accounting for Decision Making
- Capital budgeting evaluation
- Cost-volume-profit evaluation
14 Preparation of Financial Statements
15 Financial Statements Analysis
16 Project Work
- Project requirement
- Assignment and preparation

What the syllabus expects

Guarantee: Concept, needs and types of guarantee: Bid bond, Performance bond, Advance payment guarantee, Counter guarantee, Financial guarantee, Standby letter of credit, Bonded warehouse guarantee
Banker’s liabilities and customer’s liabilities toward guarantee issuance