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BFN308Management Sciences3 Unitsintermediate

Banking Methods And Process

This course provides an overview of banking methods and processes. It explores the evolution of banking, different types of banks, and various payment systems. The course also covers instruments of payment, electronic banking, and internal/external controls. Students will learn about theories of banking, principles of money and banking, lending, portfolio management, and bank regulations in Nigeria. The course aims to equip students with a comprehensive understanding of the banking sector.

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156h
Study Time
13
Weeks
12h
Per Week
basic
Math Level
Course Keywords
Banking MethodsPayment SystemsBank RegulationsFinancial SystemCredit Management

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
🔬
Learning Type
Hands-on Practice

Course Topics

Key areas covered in this course

1

Evolution of Banking

2

Types of Banks

3

Payment Systems

4

Bank Regulations

5

Financial System

6

Credit Management

7

Theories of Banking

8

Portfolio Management

Total Topics8 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Bank Teller

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Credit Analyst

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Bank Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Commercial BankingInvestment BankingFinancial ServicesRegulatory AgenciesFinTech

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1:

6h

Unit 1: Evolution of Banking Methods and Processes

3 study hours
  • •Read about the history of banking and its evolution.
  • •Understand the concept of banking and its role in the economy.
  • •Distinguish between banks and moneylenders.

Unit 2 Types of Banking

3 study hours
  • •Identify and describe the different types of banks operating in Nigeria.
  • •Understand the functions of each type of bank.
  • •Differentiate between central banks and commercial banks.
Week
2

Module 1:

6h

Unit 3 Banking Methods of Payment

3 study hours
  • •Explore the various banking methods of payment.
  • •Understand the large value payment system and its importance.
  • •Examine the retail payment system and its components.

Unit 4 Instruments of Payment in Banking

3 study hours
  • •Learn about different instruments of payment in banking.
  • •Understand the advantages and disadvantages of each instrument.
  • •Explore the process of issuing banker's drafts and standing orders.
Week
3

Module 1:

6h

Unit 5 Electronic Banking System

6 study hours
  • •Explore the concept of electronic banking and its various forms.
  • •Understand internet banking, home banking, and WAP.
  • •Examine telephone banking, automated telephone systems, and SMS banking.
Week
4

Module 2:

6h

Unit 1 Overview of the Nigerian Financial System

6 study hours
  • •Understand the structure of the Nigerian financial system.
  • •Learn about the functions of the financial system.
  • •Examine the roles of various institutions within the system.
Week
5

Module 2:

6h

Unit 2 External Control of Banks

6 study hours
  • •Explore the external control mechanisms of banks.
  • •Understand the roles of NDIC, Bankers Committee, and Clearing House Committee.
  • •Examine the functions of the Chartered Institute of Bankers of Nigeria.
Week
6

Module 2:

6h

Unit 3 Internal Control Mechanism

6 study hours
  • •Understand the internal control mechanisms within banks.
  • •Examine the head office control system and its functions.
  • •Learn about control by means of returns and control at the branch level.
Week
7

Module 2:

6h

Unit 4 Cheque Clearing System

6 study hours
  • •Explore the cheque clearing system and its management.
  • •Understand the demarcation of clearing areas.
  • •Examine the operational procedures of cheque clearing.
Week
8

Module 3:

6h

Unit 1 Theories of Banking

6 study hours
  • •Study the Real Bills Doctrine and its implications.
  • •Understand the Shiftability Theory and its weaknesses.
  • •Examine the Anticipated Income Theory and its relevance.
Week
9

Module 3:

6h

Unit 2 Principles of Money and Banking

6 study hours
  • •Understand the principle of time and its value in banking.
  • •Explore the principle of risk compensation.
  • •Examine the principle of decision-making based on adequate information.
Week
10

Module 3:

6h

Unit 3 Principles of Bank Lending and Portfolio Management

6 study hours
  • •Learn about the principles of bank lending.
  • •Understand the concept of portfolio management.
  • •Examine the objectives of portfolio management.
Week
11

Module 3:

6h

Unit 4 System of Banking and Essentials of a Sound Banking System

6 study hours
  • •Explore different systems of banking.
  • •Understand unit banking, branch banking, and other systems.
  • •Examine the essentials of a sound banking system.
Week
12

Module 3:

6h

Unit 5 Resources Management and Regulations in the Nigerian Banking Sector

6 study hours
  • •Understand bank resources management.
  • •Explore human resources management, working capital management, cash management, credit management, and inventory management.
Week
13

Module 3:

12h

Final Revision

12 study hours
  • •Review all course materials and assignments.
  • •Prepare for final examinations.
  • •Focus on key concepts and principles.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a timeline of banking history from Unit 1 Module 1 to understand the evolution.

2

Compare and contrast the different types of banks in Unit 2 Module 1 using a table.

3

Practice applying the principles of money and banking from Unit 2 Module 3 to real-world scenarios.

4

Review the key regulations discussed in Unit 5 Module 3 and their impact on bank operations.

5

Focus on understanding the objectives of portfolio management from Unit 3 Module 3 and how they are achieved.

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