Business Finance (BFIN)
BFIN 1210 Principles of Banking 3 Credits (3)
Survey of banking in today’s economy. Topics include language, documents and processes of banking from the fundamentals of negotiable instruments to contemporary issues.
Learning Outcomes
- Define and explain the importance of full-service commercial banking.
- Explain the development of commercial banking in the United States and the federal legislation that shaped its development.
- Explain the impacts of the banking industry on the economy, the community, and individuals.
- Describe the major functions of commercial banks and their interrelationships.
- Explain the functions and importance of the Federal Reserve System.
- Compare and contrast time and demand deposits.
- Define negotiable instrument and describe the features that make an instrument negotiable.
- Explain check paying procedures and regulations.
- Discuss the importance, necessity and process of bank investments. 1
- Describe the role of the bank’s board of directors in establishing and overseeing lending policy and identifying basic loan categories. 1
- Explain the concepts of liquidity and its importance to the banking industry.
BFIN 2110 Introduction to Finance 3 Credits (3)
Introduces tools and techniques of financial management. Includes time value of money; financial planning, diversification and risk; debt and equity investment decisions; and financial statement analysis.
Prerequisite(s): OATS 106 or higher; OATS 120 or ACCT 2110; ECON 1110G or ECON 2110G
Learning Outcomes
- Explain the time value of money and its application in decision-making, including calculating present and future values of single payment and series of payments.
- Identify the major sources of external long-term financing for corporations.
- Explain risk-return tradeoff as it relates to diversification.
- Differentiate the role of finance from other related disciplines such as accounting and economics.
- Demonstrate knowledge of capital markets and securities (debt and equity).
- Describe basic types of financial ratios and their uses.
- Demonstrate the ability to prepare cash flows and make qualitative judgments on the relevance of the changes from one time frame to another.