BACHELORS DEGREE IN BANKING AND FINANCE

Programme Aims and Objectives

Introduction

This Bachelor of Banking and Finance degree programme is designed to equip students with a background of banking and finance concepts, as well as knowledge and skills that allow for practical application in the modern-day workplace.

The Bachelor of Science in Banking and Finance programme is tailored to provide the knowledge and skills required to handle financial products as well as financial and banking product development, to individuals that work within or aspire to work in the Global Banking and Finance Industry. The programme also provides a platform from which individuals can begin to develop into highly competent managers, who are well qualified not only in Banking and Finance but also other professional areas required for successful business administration and management.

Rationale

The Bachelor of Science in Banking and Finance program gives students the ability to transform the theoretical knowledge obtained throughout their studies into practice. The Banking and Finance degree course is of particular interest to those wishing to enter the financial sector. It will provide students with the opportunity to acquire specialist economic knowledge of the operation of the monetary and financial sectors.

 Aims of the programme

The fundamental aim of the Banking and Finance program is to build human resource capacity to meet the needs of the Zambian banking and finance industry at undergraduate level. The Banking and Finance programme provides the students with the essentials of banking and financial knowledge.

Objectives of the programme

The objective of the Banking and Finance program is to train students to a level reflective of international standards required of a banking and finance professional and reflective of the needs of the industry in a globalised banking and finance environment.


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Programme Details


YEAR 1

  • BS110 : Principles of Microeconomics

    The Study and Methodology of Microeconomics
    
    Consumer Choice Theory
    
    Theory of the Firm
    
    Perfect Competition
    
    Monopoly
    
    Oligopoly
    
    Price Discrimination
     
  • BF 120: Basic Financial Accounting

    1.0 Introduction to Accounting 
    2.0 Accounting model, recording transactions, reporting results 
    3.0 Year-end adjustments 
    4.0 Manufacturing accounts
    5.0 Incomplete records 
    6.0 Income and expenditure accounts 
    7.0 Introduction to Partnership accounts (partnership act 1890) 
    8.0 Introduction to the accounts of Limited companies 
    9.0 Uses and interpretation of financial statements
    10.0 The statement of cash flow
     
  • BF 130-Banking Operations, Lending & International Business

    1.0 INTRODUCTION TO BANKING
    
    2.0 THE BANKER/CUSTOMER RELATIONSHIP
    
    3.0 CANONS OF LENDING
    
    4.0 PERSONAL BORROWERS
    
    5.0   OTHER BORROWERS
    
    6.0 GENERAL PRINCIPLES OF SECURITY
    
    7.0 REVIEW AND CONTROL OF ACCOUNTS
    
    8.0 BAD AND DOUBTFUL DEBTORS
    
    9.0 INTERPRETATION OF FINANCIAL STATEMENTS
    
    10.0 ALTERNATIVE SOURCES OF FINANCE
    
    11.0 INTER-BANK NOSTRO AND VOSTRO ACCOUNTS
    
    12.0 REMITTANCE AND RECEIPT OF FUNDS
    
    13.0 RATES OF EXCHANGE
    
    14.0 INTERNATIONAL TRADE FOR EXPORTERS AND IMPORTERS
    
    15.0 ACCEPTANCE CREDITS
    
    16.0 OTHER SERVICES
  • BF 140: Mathematical Analysis

    NON CALCULUS
    •  EQUATIONS AND INEQUALITIES
    •  FUNCTIONS AND GRAPHS
    • TYPES OF FUNCTIONS
    • The Straight line and Applications
    • Simultaneous Equations
    • Non-Linear functions and Applications
    • MATRIX ALGEBRA
    • MATHEMATIC OF FINANCE
    CALCULUS
    • Limits and Continuity
    • Differentiation
    • Curve Sketching
    • Differentiation and Applications
    • Multi-Variable Calculus
    • Integration and Application
    • First and Second Order Differential Equations
  • BF 150: Principles of Management

    Introduction to Management
    
    Organization, The management Process
    
    The History and evaluation of Management
    
    Organizational theories and different approaches to management
    
    The organizational Culture and the Manager
    
    The external environment and the Manager
    
    The internal environment and the manager
    
    Foundations and basic elements of Planning
    
    Process of planning and MBO
    
    Effective strategic planning
    
    Decision Making
    
    The manager‟s role as decision maker
    
    Decision making process
    
    Basics of Strategic Management
    
    Case of Strategic Management
    
    Strategic management process
    
    Organizational Structure
    
    Types of organizational structures
    
    Case Decision-making
    
    Human Resource Management
    
    HRM processes
    
    Motivation its theories
    
    Current issues in Motivation
    
    Team work and Group Behaviour
    
    Case of team and team work
    
    Leadership and its characteristics
    
    Leadership styles and behaviours
    
    The process of Control
    
    The Control Standards
    
    Case of controlling
    
    staffing
  • BF 190: Business Law

    1.0       Introduction 
    
    2.0       Zambian Judicial System
    
    3.0       Contract 
    
    4.0       Misrepresentation and Mistake
    
    5.0       Sale of Goods
    
    6.0       Doctrine of Agency 
    
    7.0       Banker and Customer Relationship

YEAR 2

  • BF 210 Monetary and Financial Systems

    INTRODUCTION AND OVERVIEW OF FINANCIAL MARKETS
    
    THE ANALYSIS OF INTEREST RATES
    
    SECURITIES MARKETS
    
    THE CENTRAL BANK AND MONETARY POLICY
    
    DEPOSITORY INSTITUTIONS
    
    OTHER NON DEPOSITORY INSTITUTIONS
    
    INTRODUCTION TO RISK MANAGEMENT
    
    INTRODUCTION TO DERIVATIVE SECURITIES
  • BF 220 Financial Reporting, analysis and Management Control

    FINANCIAL REPORTING FRAME WORK
    
    The Conceptual Aspects
    
    What is profit
    
    Limitation of Historical Cost Statements
    
    FINANCIAL REPORTING – THE PRACTICAL ASPECTS
    
    Presentation of Financial Statements (IAS 1)
    
    IAS 2 Inventories
    
    Valuation of Property Plant and Equipment (IAS 16)
    
    Valuation of Investment property (IAS 40) 
    
    Accounting for Leases (IAS 17)  
    
    Revenue Recognition (IAS 18)
    
    Borrowing Costs (IAS 23)
    
    Accounting for impairment (IAS 36)
    
    Accounting for Liabilities (IAS 37) 
    
    Valuation of Intangible Assets (IAS 38) 
    
    Financial Instruments IAS 32 and IAS 39
    
    
    FINANCIAL REPORTING FRAME WORK
    
    FINANCIAL REPORTING – THE PRACTICAL ASPECTS
    
    INTERPRETATION OF FINANCIAL REPORTS
    
    MANAGEMENT CONTROL
    
    
  • BF 224: Corporate Finance

    1.0 Introduction
    
    2.0 The financial system
    
     3.0 Basic concepts in finance
    
    4.0 Working capital management
    
     5.0 Long-term finance
    
     6.0 Capital structure and the cost of capital
    
    7.0  Capital Budgeting Techniques
    
    8.0 Dividend policy
    
    9.0 Financial Analysis
     
  • BF 240: Introduction to Data Processing

    Data and Information 
    
    Computers, computer hardware and Associated Peripherals
    
    Software
    
    computer networks and telecommunication
    
    Computer Appreciation
    
    Securing COMPUTERISED Information Systems
    
    Introduction to Systems Concepts and Systems Analysis
    
    Introduction to E-Commerce
    
    Professional Issues and ethics
  • BF 242: Decision Making Techniques

    1.0         Introduction to Statistical Problems.
    
    2.0         Graphical Descriptions of Data
    
    3.0         Numerical Descriptions of Data
    
    4.0         Elementary Probability
    
    5.0         Discrete Probability Distributions
    
    6.0         Continuous Probability Distributions
    
    7.0         Sampling.
    
    8.0         Estimation
    
    9.0         Hypothesis Testing
    
    10.0       Analysis of Variance
    
    11.0       Chi-square Tests
    
    12.0       Regression and Correlation Theory.
    
    13.0       Index Numbers
    
    14.0       Time Series
    
    15.0       Decision making Under Uncertainty
     
  • BF 260: Principles of Marketing

    1.0 Introduction and Organisation
    
    2.0 Marketing Management
    
    3.0 Product Decisions
    
    4.0 Analysing Consumer Markets and Buyer Behaviour
    
    6.0 Designing Pricing Strategies and Programmes
    
    7.0 Sales Promotion and Marketing Communication Mix.
    
    8.0 Managing the Sales Force
    
    9.0 Dealing with Competition

YEAR 3

  • BF 310: International Trade and Finance

    1.0 THE CLASSICAL MODEL OF INTERNATIONAL TRADE
    
    2.0 THE HEIGHSCHER – OHLIN THEORY AN THE LEONTIFF PARDOX
    
    3.0 TARIFFS AND NON-TARRIFFS BARRIERS
    
    4.0 COMMERCIAL POLICY
    
    5.0 THE FOREIGN EXCHANGE MARKET
    
    6.0 THE BALANCE OF PAYMENTS
    
    7.0 THE INTERNATIONAL FINANCIAL ENVIRONMENT
    
    8.0 FOREIGN TRANSACTIONS RISK MANAGEMENT
    
    9.0 LONG-TERM ASSET AND LIABILITY MANAGEMENT
    
    10.0 THE INTERNATIONAL BANKING ENVIRONMENT, DEBT AND RISK
  • BF 320: Investment Analysis and Portfolio Management

    •  INTRODUCTION
    • THE ORGANISATION AND FUNCTIONS: FINANCIAL MARKETS
    • EFFICIENT CAPITAL MARKETS (ECM)
    • CAPITAL ASSET PRICING MODEL (CAPM)
    •  SOURCES OF FINANCIAL INFORMATION
    •  VALUATION CONCEPTS
    • INVESTMENT TIMING
    •  PORTFOLIO THEORY AND MANAGEMENT
    •  SECURITY ANALYSIS
    •  MEASURING INVESTMENT PERFORMANCE
    •  DIVIDEND POLICY
    • VALUATION OF COMPANIES
    •  MERGERS AND OTHER FORMS OF CORPORATE RESTRUCTURING
  • BF 330: Risk Management

    • INTRODUCTION TO RISK MANAGEMENT IN BANKING
    • MANAGEMENT OF CREDIT RISK
    • CREDIT RISK MANAGEMENT TWO – SECURITIZATION AND THE 2007 FINANCIAL CRISIS
    • MANAGEMENT OF MARKET RISK
    • MANAGEMENT OF INTEREST RATE RISK
    • MANAGEMENT OF LIQUIDITY RISK
    • FINANCIAL DERIVATIVES
    • REGULATORY CAPITAL: BASLE I AND II AND II.5
    • CASE STUDIES ON RISK MANAGEMENT FAILURES IN FINANCIAL INSTITUTIONS
    • RISK MANAGEMENT LESSONS – AN ETHICAL APPROACH TO RISK MANAGEMENT
  • BF 341: Operations Research

    1.0         Introduction to Operations Research 2.0         Introduction to Linear Programming (LP) 3.0         The Simplex Algorithm 4.0         Sensitivity Analysis and Duality 5.0        Transportations, Assignment and Transshipment Problems. 6.0       Network Models 7.0       Queuing Theory – Introduction 8.0       Simulation

  • BF 343: Production and Operations Management (POM)

    Introduction to Production and Operations Management (POM)
    
    Demand Forecasting in Operations Management
    
    Inventory Management
    
    Managing Demand
    
    Master Production Scheduling (MPS) 
    
    Requirement Planning-MRP 
    
    Planning and Control in Operations Management
    
    Facilities Location
    
    Facilities Layout
    
    Introduction to Quality Management
  • BF 390: Banking Law & Practice

    1.0 Banking System and Regulations
    
    2.0 Branch Banking
    
    3.0 Bank Lending
    
    4.0 Securities
    
    5.0 Corporate Governance
  • BF 392: Regulatory Framework of Financial Institutions

    1.0 Overview of the financial system                                                            
    
    2.0 Overview of Financial Institution Regulation                                                                                   
    
    3.0 Central Bank Regulation 
    
    4.0 Commercial Bank Regulation
    
    5.0 Insurance Industry Regulation      
    
    6.0 Pension Fund Regulation 
    
    7.0 Regulation of Building Societies 
    
    8.0 Capital Market Regulation
    
    9.0 Money Laundering and Financial Crime prevention

YEAR 4

  • BF 400: Research Methods

    1.0      The Role of Business Research
    
    2.0      Problem Definition and the Research Proposal
    
    3.0      Exploratory Research and Qualitative analysis
    
    4.0      Survey Research
    
    5.0      Measurement and Scaling Concepts
    
    6.0      Attitude Measurement
    
    7.0      Questionnaire Design
    
    8.0      Sample Designs and Sampling Procedures
    
    9.0      Univariate Analysis
  • BF 424 Lease and Project Finance

    1.0 Introduction to Lease Finance
    
    2.0 Accounting and Tax Treatment of Leases 
    
    3.0 The Lease Vs Borrow/ Buy Decision
    
    4.0 Introduction to Project Finance
    
    5.0 Process in Project Finance and the Information Memorandum 
    
    6.0 Syndicate Loans and their structure
    
    7.0 Risks in project finance
    
    8.0 The Concession Build own or Transfer Transaction 
    
    9.0 The role of pure advisors in a project finance deal
    
    10.0 Project Cash Flows
    
    11.0 The Business and Financing plan for the project
    
    12.0 Financial Modeling of a project 
    
    13.0 Sources of funds for project financing 
    
    14.0 Venture Capital 
    
    15.0 Project Finance Documentation
    
    16.0 Political Risks and Insurance in Project Finance
  • BF 430: Corporate & Merchant Banking

    INTRODUCTION
    
    FINANCIAL SERVICES
    
    CORPORATE ADVISORY SERVICES
    
    MONEY MANAGEMENT
    
    PRIMARY AND SECONDARY SYNDICATION
    
    INTERNATIONAL ASPECTS OF CORPORATE AND MERCHANT BANKING
    
    REGULATORY ENVIRONMENT
  • BF 432: International Banking

    DOMESTIC MONEY MARKET AND INTERNATIONAL FINANCIAL MARKET (Foreign Exchange market)
    
    INTERNATIONAL FINANCIAL INSTITUTIONS
    
    REGIONAL TRADE AGREEMENTS AND FINANCIAL SERVICES AND THE ECONOMICS OF INTERNATIONAL TRANSACTIONS
    
    CAPITAL MARKETS AND INTERNATIONAL OPERATIONS - COMMERCIAL BANKING IN A LOCAL CONTEXT
    
    DERIVATIVES
    
    PROFITABILITY, LIQUIDITY AND LIABILITY MANAGEMENT
    
    INTERNATIONAL REGULATION – BASEL I AND II ACCORD
    
    GOVERNING LAW ISSUES IN INTERNATIONAL FINANCE TRANSACTIONS
  • BF450: Strategy and Strategic Management

    1.0 THE STRATEGIC MANAGEMENT PROCESS
    
    2.0 THE ESSENTIAL ENTREPRENEURIAL TASKS
    
    3.0 TECHNIQUES OF INDUSTRY AND COMPETITIVE ANALYSIS
    
    4.0 GENERIC BUSINESS STRATEGIES AND INDUSTRY ENVIRONMENT
    
    5.0 GENERIC CORPORATE STRATEGIES
    
    6.0 BUILDING AND DEFENDING COMPETITIVE ADVANTAGES
    
    7.0 TECHNIQUES FOR STRATEGY ANALYSIS AND CHOICE OF STRATEGY
    
    8.0 IMPLEMENTNG STRATEGY, ORGANISATION STRUCTURE, DISTINCTIVE COMPETENCE AND RESOURCE ALLOCATION
    
    9.0 IMPLEMENTING STRATEGY, COMMITMENT, CULTURE, SUPPORT SYSTEMS AND LEADERSHIP
    
    10.0  EVALUATION AND CONTROL OF STRATEGY
     
  • BF 452: Insurance and Pensions Management

    Scope and Purpose of Insurance
    
    Insurance Contracts
    
    Classes of Insurance
    
    Authorization and Regulations of Intermediaries
    
    Pensions Management
  • BF454: Microfinance Institutional Management

    Introduction
    
    Product design and Sustainability in Microfinance
    
    Saving Mobilisation and practices in Microfinance
    
    Delinquency and Portfolio Management
    
    Transformation of Microfinance Institutions
    
    Microfinance models of lending
    
    Theoretical underpinnings in Microfinance
    
    Legal issues in Microfinance
    
    trategic planning in Microfinance institutions
    
    Impact Assessment of microfinance programmes
    Evaluating the performance of MFIs