AFM numericals become easier when three things are separated clearly:
The free JAIIB AFM Formula Sheet 2026 is designed for rapid revision before sectional tests and full mocks. It covers the numerical areas named in the official AFM syllabus, including accounting ratios, financial mathematics, bonds, capital structure, investment appraisal and costing.
These topics correspond to the calculation areas listed under AFM Modules A, C and D in the IIBF JAIIB Rules and Syllabus 2026.
Download the JAIIB AFM Formula Sheet 2026 PDF
No formula sheet can replace problem practice. After downloading it, choose one formula family and solve ten questions without looking at the sheet. Mark every error as:
That classification tells you what to fix.
| Day | Topic | Minimum practice |
|---|---|---|
| 1 | Ratios and depreciation | 25 questions |
| 2 | Interest, present value and annuities | 30 questions |
| 3 | Bonds, YTM and forex arithmetic | 25 questions |
| 4 | Cost of capital and capital budgeting | 25 questions |
| 5 | Break-even, P/V ratio and variances | 30 questions |
On Day 6, reattempt only the questions you got wrong. A correct second attempt without assistance is stronger evidence than rereading the solution.
Use the formula sheet beside your first practice set, then remove it for the second. When you are ready, take the free JAIIB diagnostic or explore the Online Mock Centre.
Educational disclaimer: This sheet is a revision aid, not official IIBF courseware. Always follow the current IIBF syllabus and use the convention stated in the question. Tax rates and regulatory limits should be verified separately because they can change.
| What you need | How our material delivers it |
|---|---|
| Every formula, explained and drilled | AFM Notes Modules A-D (worked examples for every formula) + 1,681 AFM practice questions, each with a full solution |
| Watching the method, not just the formula | The 26-part Numericals Masterclass videos - depreciation, break-even, ratios, YTM, forex arithmetic, EMI and more, solved step by step |
| Testing at exam pace | 22 full-length AFM mocks + 4 module mocks in a real exam simulator with timer and palette |
| Keeping formulas fresh till 28 November | Smart Revision resurfaces every numerical you get wrong after 2, 7 and 15 days |
Get the complete AFM stack: AFM Full Subject (PDF + Online) - or everything across all four papers with the All-Access Bundle. Not sure yet? Take the free diagnostic first.
Ready to see where you stand?
Download the free AFM formula sheet →SJA Learning is an independent study aid and is not affiliated with or endorsed by IIBF. Regulatory content is checked against the IIBF cut-off of 30 June 2026 (examinations held September–February use developments up to 30 June). Verify current rules from official sources before relying on them in practice.