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AIB - PRINCIPLES
OF BANKING - 10-week version
Course Description: Long recognized as the standard introduction
to the banking industry, Principles
of Banking touches on nearly every aspect of banking, from the fundamentals of
negotiable instruments to contemporary issues and developments within the
industry.
This accelerated 10-week online course will cover all of the content of the
Principles of Banking textbook but not in as much depth as the 16-week course,
therefore it will carry ACE credit recommendations at this time and will only
convey 2 AIB credits.
Audience:
Personnel new to banking at any level.
Learning Objectives:
After completing this course, students will be able to:
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Discuss the relationships banks
have with their customers and their communities and describe the
traditional, non-traditional, and electronic services that banks provide
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Explain the evolution of
commercial banking in the United States and the federal legislation that
shaped its development
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Describe the creation of the
Federal Reserve System and the Fed's role as the agent of monetary policy
and as a bank regulator
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Discuss various deposit
instruments, the many ways customers can make deposits, and the means
tellers have for establishing a customer's identity
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Define negotiable instruments
as they relate to checks and describe the features that make a check
negotiable
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Distinguish between paying a
check and cashing a check and explain the procedures for paying checks
received through the check clearing system, including relevant regulations
and consequences of wrongful dishonor
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Explain the process a bank must
go through to post a check to an account and discuss controls and security
measures that protect the bank and tellers from losses due to fraud
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Discuss the legal restrictions
on bank loans, describe the role of the bank's board of directors in
establishing and overseeing lending policy, and identify basic loan
categories
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Explain the objectives of funds
management, including asset and liability management, and the objectives of
bank investments
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Recognize the importance of
accurate accounting data and describe the categories on the balance sheet
and income statement
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Discuss the components of the
marketing concept and how understanding customers and market research lead
to the success of marketing efforts
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Explain specialized services
offered by banks, including trusts, safe deposit services, and global
banking services, and newly expanded brokerage and insurance services
authorized by the Gramm-Leach-Bliley Act
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Describe how electronic funds
transfers systems and bank cards facilitate purchases, discuss home banking
options for consumers and cash management options for businesses, and
explain some of the systems developed to provide security and prevent loss
Textbook:
Principles of Banking,
8th Edition, 2004 (included in price of course) Credit:
AIB: 2.0 - 10-week version (ACE credit is not available for the 10-weeek
version)
Delivery Method:
NOTE: Principles of Banking is offered in a 16-week and 10-week AIB Online
format.
Most colleges will not accept the 10-week version for transfer credit. An
ACE credit recommendation is not available for the 10-week version of this
course.
Topics Covered:
Week 1: Banking and You
Week 2: The Evolution of Banking
Week 3: Managing and Reporting Bank Investments and Performance
Week 4: Deposit Accounts
Week 5: Midterm Exam
Week 6: Payments and Lending
Week 7: Specialized Products and Services
Week 8: Building Relationships: Sales and Customer Service
Week 9: Safeguarding Customers, Bank Assets, and the Nation
Week 10: Final Exam
For further information, call NYBA Education
at (212) 297-1679.
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