Students seeking degrees in finance, accounting, and related fields are generally required to take some classes in banking. These courses can be part of certificate, associate, bachelor, master, and PhD programs in accounting, business, and financial services.
Some common concepts taught in banking courses include:
- National and international monetary institutions
- Commercial and consumer lending
- Financial statement analysis
Coursework will include an overview of both the national and international banking systems and regulations that govern the lending, investment and holding of funds. Students will also learn about financial markets, institutions and corporations.
List of Banking Classes
Principles of Banking Course
This course provides an introduction to banking services and financial institutions; students also compare the operations of national and state banks. Students examine the principles of banking transactions and the various services of a bank. Topics include the history of banking, item processing, collection functions, procedures, bookkeeping, loans and investments, and trust operations. They also look at the function of the Federal Reserve. A principles of banking course is taken at the beginning of a banking program.
Money and Banking Course
Money and banking courses form the foundation for understanding the management of money in a modern economy. The course explores the role of money in markets and financial institutions by providing instruction on financial theory and government regulations. Students learn the functions of money as a medium of exchange while examining money supply and the role of banks. The Federal Reserve System's policies and operations are also taught; this course is usually taken after an introductory banking course.
Commercial and Consumer Lending Course
Banking courses on commercial and consumer lending teach students how to identify credit-worthiness through balance sheets and income statements. Students are introduced to the basic principles of extending consumer and commercial credit by studying loan applications, credit risk evaluation, and loan processing; the course may cover the importance of collateral. Students also are taught how to compute interest charges and rebates, collections and loan prices, and ensure consumer compliance.
Law and Compliance Principles Course
This course explores banking law and examines the Uniform Commercial Code. Students learn how to implement government regulations and laws in order to keep up money flow and maintain positive banking relations. Federal auditing measures, such as the Sarbanes-Oxley Act, are among the many topics addressed in this course. This course is taken after an introductory banking course.
Financial Statement Analysis
The purpose of this course is to build upon the basic skills learned in beginning banking courses. Students analyze financial data and determine a borrower's chances of receiving grants or loans. Students also integrate financial ratios and evaluate industry norms and accounting principles.