INTRODUCTION TO FINANCIAL SERVICES AND PRODUCTS
Tutor: Mr. P.Mwangala
STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY
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All students of the Academy of Banking Namibia, upon signing their registration forms, commit themselves to abide by the policies and rules of the institution. The core activity of the IOB is learning and in this respect academic honesty and integrity is very important to ensure that learning is valid, reliable and credible. The Academy of Banking Namibia therefore does not condone any form of academic dishonesty, including plagiarism and cheating on tests and assessments, amongst other such practices. The ABN requires students to always do their own assignments and to produce their own academic work, unless given a group assignment.
CLASSROOM POLICIES
Class Guidelines · Students are highly encouraged to ask questions and contribute their insights and observations, as long as they are relevant to the subject matter being discussed. · Disruptive students will be asked to leave the room. · Restroom needs should be attended to before or after the class, or during breaks between classes. It should not be done during class. · Eating, drinking, and smoking are not allowed inside the classroom. · Turn off cellular / mobile phones or activate the silent vibration mode to avoid disrupting the class discussion. · Laptops and other electronic gadgets are NOT allowed during class discussions.
Contact Details and Consultations · Regarding consultation, students may get in touch with their tutor using the following email address: pmwangala@live.com |
Course Information
Course Code and Title: FSP 1000 – INTRODUCTION TO FINANCIAL SERVICES AND PRODUCTS
Programme:
Contact Hours: 2 hours per week lectures
Course Description: This course will provide students with an introduction to actual banking services and products available to both business customers and consumers. The mainstream financial services and products for studies range from Cash Management and Credit Services, E-Banking Services, Consumer Products, International Banking Services, Financial Planning Products and Products and Services Offered by Financial Institutions.
NQF Level:
CREDITS:
PREREQUISITES: None
Prescribed Text Book
The prescribed Study Guide-Harvest Training
Other Reading Materials: Tutor will instruct them in classes
Learning Outcomes:
· Understand the banking system and describe the role of regulatory bodies in regulating how banks manage their capital.
· Define financial statements and know the purpose
· Know the audit and legal implications of financial statements
· Know the standards and regulations of the accounting profession
· Distinguish between a balance sheet, equity statement, income statement and cash flow statement
· Understand the importance of notes to financial statements
Course Delivery Methods: The course will be offered on full time (FM), Part-time (PM) and Distance (DI) modes.
The course will be facilitated through the following learning activities:
1. Presentation of materials in lectures
2. Assigned readings and discussions
Assignments
The assessment for this course will be based on continuous assessment and end of semester examination (three-hour paper). The Continuous Assessment (CA) mark is comprised of two assignments and contributes 50% to the Final Mark. Minimum pass requirement for this course: 50%.
Course Content
Topics
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Chapter 1 · Importance of Cash Management and Credit Services · Noninterest Fee Services · Other Business –Oriented Services · Accounting and Finance Related Terms
Chapter 2 · E-Banking · Internet Banking · Accounting and Finance Related Terms
Chapter 3 |
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· Full Services Banking · Consumer Products and Services · Deposit Products · Loan Products · Accounting and Finance Related Terms
Chapter 4 · Stability of the Banking System · Consumer Services · International Banking · Banking Environment and banking Services · Accounting and Finance Related Terms
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Chapter 5
· What is Financial Planning · Types of Financial Plans · Investment Services · Retirement Accounts · Insurance Products · Accounting and Finance Related Terms
Chapter 6
· Financial Services and Products · Regulatory Agencies in the United States of America · Financial Services Related Terms
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IMPORTANT DATES: NOTE: The following dates are subject to change based on the needs of the students at the lecturer’s prerogative. Students will be notified ahead of time of any changes.
General Academic Policies: It is the student's responsibility to be familiar with and adhere to ABN’s Policies.
AUTHORISATION: This course is authorized for use by:
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ACKNOWLEDGEMENT BY STUDENT
(To be completed by all students on the course, detached from the course outline and kept on record in the department)
I, (insert name), (Student number), hereby acknowledge that I have received this course outline for (insert course title and code), and that I have familiarized myself with its content, in particular the statement about academic honesty and integrity. I agree to abide by the Policies and arrangements spelt out in this course outline.
_________________ ___________________ Signature of Student Date
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