Banking Methods And Process
- Management Sciences
- 300 level
- 3 credit units
- 84 pages
- 13 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 156 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- Yes
- Assignments
- Tutor marked assignments
- Final examination
What you'll read
The real module and unit structure of BFN308, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
BFN308 · UNIT 1: EVOLUTION OF BANKING METHODS AND PROCESSES
Banks provide funds for business as well as personal needs of individuals. They play a significant role in the development of the economy of a nation. Let us discuss some of this medium of positive impact on the economy.
What you should be able to do
- Explain the evolution of banking methods and processes
- Identify and differentiate between various types of banks
- Describe different payment systems and their functions
- Understand the regulatory framework governing banks in Nigeria
- Apply principles of money and banking in decision-making
- Analyze bank lending and portfolio management strategies
What it prepares you for
- Bank Teller
- Loan Officer
- Credit Analyst
- Financial Analyst
- Bank Manager
- Commercial Banking
- Investment Banking
- Financial Services
- Regulatory Agencies
- FinTech
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2:
Unit 2 External Control of Banks
Requires understanding of complex regulatory frameworks and their practical implications for bank operations.
- Module 3:
Unit 1 Theories of Banking
Involves understanding of abstract economic theories and their application to real-world banking scenarios.
A suggested way through it
13 weeks, about 84 hours in total. Yours will differ.
- Week 1Module 1:
Unit 1: Evolution of Banking Methods and Processes · 3 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 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 2Module 1:
Unit 3 Banking Methods of Payment · 3 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 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 3Module 1:
Unit 5 Electronic Banking System · 6 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 4Module 2:
Unit 1 Overview of the Nigerian Financial System · 6 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 5Module 2:
Unit 2 External Control of Banks · 6 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 6Module 2:
Unit 3 Internal Control Mechanism · 6 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 7Module 2:
Unit 4 Cheque Clearing System · 6 hours
Explore the cheque clearing system and its management.. Understand the demarcation of clearing areas.. Examine the operational procedures of cheque clearing..
- Week 8Module 3:
Unit 1 Theories of Banking · 6 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 9Module 3:
Unit 2 Principles of Money and Banking · 6 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 10Module 3:
Unit 3 Principles of Bank Lending and Portfolio Management · 6 hours
Learn about the principles of bank lending.. Understand the concept of portfolio management.. Examine the objectives of portfolio management..
- Week 11Module 3:
Unit 4 System of Banking and Essentials of a Sound Banking System · 6 hours
Explore different systems of banking.. Understand unit banking, branch banking, and other systems.. Examine the essentials of a sound banking system..
- Week 12Module 3:
Unit 5 Resources Management and Regulations in the Nigerian Banking Sector · 6 hours
Understand bank resources management.. Explore human resources management, working capital management, cash management, credit management, and inventory management..
- Week 13Module 3:
Final Revision · 12 hours
Review all course materials and assignments.. Prepare for final examinations.. Focus on key concepts and principles..
Preparing for the exam
- Create a timeline of banking history from Unit 1 Module 1 to understand the evolution.
- Compare and contrast the different types of banks in Unit 2 Module 1 using a table.
- Practice applying the principles of money and banking from Unit 2 Module 3 to real-world scenarios.
- Review the key regulations discussed in Unit 5 Module 3 and their impact on bank operations.
- Focus on understanding the objectives of portfolio management from Unit 3 Module 3 and how they are achieved.
Questions students ask about this course
What is BFN308 about?
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.
How many units does BFN308 have?
BFN308, Banking Methods And Process, has 13 units across 3 modules, over 84 pages of course material. You can read it one unit at a time.
How many credit units is BFN308?
BFN308 carries 3 credit units, at 300 level in Management Sciences.
Is BFN308 hard?
BFN308 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work, and it has a practical component.
How long does BFN308 take to study?
About 156 hours of study, spread across its 13 units.
How is BFN308 assessed?
BFN308 is assessed by assignments, tutor marked assignments and final examination.
What can I do with BFN308?
Bank Teller, Loan Officer, Credit Analyst, Financial Analyst and Bank Manager.