BRC 2001 - Principles of Financial Services-Banking

College of Business

Credit(s): 3
Contact Hours: 47
Effective Term Spring 2007 (375)

Course Description

This course is designed to provide an introduction to financial institutions and the services offered within those institutions. Topics will include principles related to the history, growth, and structure of the financial industry, basic functions of financial institutions, basic skills necessary to perform in financial institutions, security and fraud detection procedures, real estate, and mortgage lending. Banking institutions will be emphasized.

Learning Outcomes and Objectives

  1. The student will demonstrate knowledge of the history, growth, and structure of the financial industry and banks by:
    1. describing the evolution of American financial institutions including banks.
    2. identifying major acts and important regulations resulting from the growth and changes in financial institutions including banks.
    3. explaining the similarities and differences in the financial institutions including banks and other businesses that offer financial services.
    4. explaining the effects of deregulation.
  2. The student will understand terminology unique to the finance and credit industry by:
    1. defining and using terminology as it applies to the finance and credit industry.
    2. discussing how to communicate with a customer in layman’s language.
  3. The student will demonstrate knowledge of basic functions of financial institutions and banks by:
    1. naming the three basic functions of a financial institution.
    2. explaining the most important function of the three and why each of the other two is co-dependent.
    3. discussing which departments and employees are responsible for the different functions.
  4. The student will demonstrate knowledge of basic laws, rules, and regulations that affect financial institutions and banks by:
    1. explaining basic federal and state regulations and the examinations of financial institutions and banks.
    2. describing basic business law as it applies to the financial services industry and banks.
  5. The student will demonstrate basic skills for performing functions of entry-level positions in financial institutions and banks by:
    1. describing how to count and strap coin and currency.
    2. explaining how to use a teller machine.
    3. explaining the types of endorsements and why they are important.
    4. explaining basic teller functions--cashing checks, accepting straight deposits and split deposits, and handling of cash.
    5. describing how to balance a cash drawer.
    6. describing how to detect counterfeit currency and the procedure for reporting it.
    7. explaining other special services such as issue cashier's checks, issuing and redeeming savings bonds, money orders, traveler’s checks, bank drafts, payments and cash advances on charge cards.
  6. The student will demonstrate security procedures and detection of fraud by:
    1. describing procedures bank employees would use during and after a robbery.
    2. explaining basic security procedures and precautions employed to deter bank fraud.
    3. explaining the Currency Transaction Report (CTR).
  7. The student will demonstrate basic knowledge of real estate, principles of real estate finance, and loan processing functions of entry-level positions in financial institutions and banks by:
    1. describing a real estate market under the price system.
    2. explaining the major sub markets of real estate.
    3. describing the principles of highest and best use of land.
    4. listing and explaining at least three factors that influence demand in the real estate market.
    5. explaining the basic mechanics of real estate contracts.
    6. explaining how to calculate interest, payments and loans.
    7. recognizing how to properly complete a credit application and a financial statement.
    8. explaining how to establish credit and the importance of having a good credit rating.
  8. The student will demonstrate a basic understanding of residential and commercial mortgage lending by:
    1. describing the lending environment and clients that are served.
    2. explaining basic loan interviewing and credit investigation techniques.
    3. recognizing the effect of inflation on mortgage lending.

Criteria Performance Standard

Upon successful completion of the course the student will, with 70% accuracy, demonstrate mastery of the above stated objectives through classroom measurements developed by individual course instructors.

History of Changes

C&I Approval: 02/27/2007, BOT Approval: 03/20/2007, Effective Term: Spring 2007 (375)

Related Programs

  1. Financial Technology Specialist (FINTECH-CT) (660) (Active)
  2. Financial Technology Specialist (FINTECH-CT) () (Draft)