IRFC Assistant (Finance) study plan

Build a one-page map of the accounting cycle from journal entry to trial balance and final accounts, and label each step with the double-entry rule it enforces

Solve 30 adjusting-entry problems covering accruals, prepayments, depreciation and provisions, and record the recurring error patterns you make

Reconstruct the three core financial statements from a given trial balance for two practice firms and reconcile net profit to closing retained earnings

Draft a personal glossary of 40 IFRS/Ind AS terms (recognition, measurement, impairment, deferred tax) with a one-line definition each

Apply Ind AS/IFRS treatment to revenue recognition, leases, inventory valuation and financial instruments by writing the journal entries for five scenario vignettes

Compute and interpret at least eight ratios (current, quick, debt-equity, interest coverage, ROE, asset turnover, gross margin, receivables days) from a practice balance sheet

Explain the auditor's duties, the types of audit opinion and the components of internal control (control environment, risk assessment, control activities, information, monitoring) in your own words

Design a simple internal-control checklist for a treasury function covering authorisation, segregation of duties and reconciliation

Calculate NPV, IRR, payback and profitability index for four capital-budgeting cases and state which project you would fund and why

Compute WACC from given debt, equity, cost of debt, cost of equity and tax rate, and show the sensitivity of WACC to a 2% change in cost of equity

Explain working-capital management: cash conversion cycle, receivables and payables policy, and short-term financing choices

Describe treasury operations - cash pooling, bank reconciliation, hedging with forwards and swaps - and the controls each requires

Compute taxable income and tax liability for an individual and a company under the current regime, applying deductions, surcharge and cess correctly

Distinguish TDS vs TCS, list common sections and rates, and work out five TDS computation examples

Explain GST: registration thresholds, supply, place of supply, input tax credit conditions, and the difference between CGST/SGST and IGST

Work through five GST invoice examples computing tax and eligible ITC, and note common ITC reversal situations

Map the Indian financial system: RBI, SEBI, IRDAI and PFRDA roles; money market vs capital market instruments; primary vs secondary market

Explain equity, debt, derivatives and forex instruments, and describe how interest-rate and price risk affect bond values

Summarise recent Indian economic developments - inflation, monetary policy stance, GDP growth, banking-sector health - from current official sources

Describe the role and functions of IRFC as a dedicated infrastructure-finance NBFC and how it raises funds from the market

Solve 40 arithmetic problems on percentages, profit and loss, simple and compound interest, ratio and proportion, and time-speed-distance, timing each set

Compute mean, median, mode, standard deviation and coefficient of variation for three data sets and interpret the dispersion

Solve 15 data-interpretation sets (tables, bar and line charts) under a 5-minute-per-set limit

Build a formula sheet covering time value of money, annuity and permutation-combination formulas you actually used

Solve 60 reasoning items across series, coding-decoding, blood relations, seating arrangement, syllogism and direction sense, and log the error type for each miss

Practise 20 English items on error spotting, sentence correction, fill-in-the-blanks and synonyms/antonyms, then review every wrong answer against the rule

Write two short formal business communications - a treasury note and an email to a bank - using correct register, structure and conciseness

Read one financial-news editorial daily and extract five new words with usage sentences

Take two full-length mock tests under exam timing and score each domain separately to identify the weakest three areas

Re-solve every question missed in the mocks and write the corrected concept beside each one

Revise the week 1-4 workbooks and formula sheets, condensing each domain into a single revision card

Rehearse a 60-second explanation of each of the nine domains to test recall without notes