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Course Development Guide |
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May 1, 2008
Course Title
Banking & Financial Services
Course Description
This course will provide students with the ability to recognize principles and practices of banking and credit in the United States. Students will calculate mathematical computations needed in banking and credit practices. Students consider technological advances and their impact on the banking industry. Critical thinking exercises engage students in research and interaction with community financial institutions. Students will also engage in solving real business problems with the importance of technology and globalization in the modern practice of finance.
Contact
Judy Kirtley
Program Specialist
Business, Marketing, and Information Technology Education
Oklahoma Department of Career and Technology Education
(405)743-5419
jkirt@okcareertech.org
| OCAS Codes | OHLAP Credit | Course Length | Prerequisites |
|---|---|---|---|
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8468
|
No |
120 Hours
The 120 hours is based on a Carnegie unit, which accounts for 175 forty-five (45) minute class periods per school year. |
Business and Information Technology (Core)
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Knowledge and Skills
- Define the Business of Banking.
- Identify Trends in Modern Banking.
- List Banking Contributions to the Economy.
- Calculate Banking Income.
- Figure Bank Profitability.
- Discuss Traditional Bank Services.
- Compare Benefits of New Services.
- Explain Depository Financial and Non-institutions.
- Explain the Federal Reserve System and how it Influences Banks and the Economy.
- Define Money Supply and Calculate how it is Measured.
- Describe Types of Money and Explain the Fractional-reserve System.
- Discuss Factors that Affect Interest Rates.
- Identify Transaction Accounts and Saving Accounts.
- Calculate Simple and Compound Interest Rates.
- Explain the Flow of Deposits.
- Describe Deposit Account Documents and Identify Basic Deposit Account Rules and Coverage.
- Describe the Consumer Viewpoint of Bank Regulations.
- Summarize Banking Laws and Ethics.
- Trace the Development of U.S. Banking.
- Identify Types of Currency and Explain its Evolution.
- Give Examples of New Systems such as Charge Cards, Credit Cards, Cash Cards, Debit Cards and Smart Cards.
- Discuss Automated Clearing Houses, Fedwire, and CHIPS.
- Define Major Terms Associated with Consumer Lending
- Explain Differences between Installment and Open-End-Loans
- Contrast Conventional and Adjustable Rate Mortgages with other forms of Financing such as SAM, Refinancing Home Equity Loans, and Reverse Mortgage.
- Explain the Mortgage Approval Process: Application, Documentation, Underwriting, Drawing Documents, Closing, and Recording.
- Calculate PMI Rates and PITI.
- Discuss Purposes of Commercial Lending Markets Including Real Estate, Construction, Equipment, and Operations.
- Identify Other Evaluation Needed in Commercial Lending for the Complete Picture Audited by Bank Examiners.
- Identify Negotiable Instruments and Features.
- Explain the Check Clearing Process.
- Compare and Contrast Liquidity, Credit, and Market Risk for Banks.
- Explain the Functions of a Loan Policy Committee.
- List Steps in the Credit-Approval Process.
- Identify and Analyze Major Criteria in Credit Approval.
- Calculate the Cost of Credit using Sum-of-Digits Method, Previous and Adjusted Balance Methods, and Average Daily Balance Method.
- Identify and Explain laws Governing in Lending--TILA, ECOA, FCRA and FDCPA.
- Discuss Mortgage Laws and How they Affect Job Responsibilities within the Bank.
- Research Government-backed Loans and Requirements; Explain Benefits to Lenders and Impact on the Economy.
- Identify Differences Between Consumer and Commercial Lending.
- Calculate Debt Ratio, the Loan-to Value Ratio, and the Debt Service Coverage Ratio to Determine if a Commercial Loan is Viable.
- Examine Small Business Loan Programs and How they Differ from Standard Commercial Loans in Terms and Conditions. Determine Eligibility by the Type and Size of Business, and the Use of Loan Funds.
- Describe International Services Offered by Banks such as Lending and helping Private Companies Conduct Business in the International Financial Markets.
- Discuss Special Considerations for Doing Business Overseas--Financial Risk, Currency Risk, Country Risk.
- Discuss Trade Financing--Letters of Credit, Drafts and Wires, International Collections, and Foreign Currency Exchange.
- Calculate Currency Exchanges to Find Values to Compare the U.S. Dollar and Converting the Cost of U.S. Goods Valued.
- Discuss Trade Consulting--U.S. Export-Import Banks, Overseas Private Investment Corporations and Small Business Administration.
- Explain the Effects of the Gramm-Leach-Bililey Act of 1999 and Discuss the Limits and Regulation of Financial Service Industries in Banking.
- Describe Insurance products Banks Can Offer--Auto Insurance, Credit Insurance, Disability Insurance, Life Insurance, and Health Insurance.
- Define Types of Business Insurance--Commercial Liability, Disability, Health, Officers' Liability Insurance, Property insurance, and Worker Compensation.
- Explain a Diversified Portfolio that Includes Stocks, Bonds, Mutual Funds, and Annuities.
- Discuss the Advantages of Investing in Mutual Funds.
- Explain the Differences Between an HMO and a PPO.
- Explain why Businesses Seek Expert Help When Making Capital Investment Decisions.
- Give Examples of Retirement Planning Services.
- Explain the Probate Process.
- Discuss Advantages of a Charitable Remainder Trust.
- Describe How to Set Up a Living trust.
- Define Cash Management Services and Explain Accounting, Bank Collection Services, and Information Services such as Electronic Data Interchange.
- Calculate a Factoring Fee for Buying Debt.
- Discuss How Building Facility Design Contributes to physical Security of a Bank.
- Prepare a Presentation Discussing Credit Card Services and or Capital Services Offered by a Bank.
- Explain How Technology Plays a role in Preventing Robberies.
- Discuss Actions Tellers Should Take During a Robbery to Help Identify a Suspect.
- Explain Ethical Behavior by Examining Scenarios and Responding with Written Responses.
Accountability Measures, Assessments, or Evaluation Procedures
Banking & Financial Services: Deposits/Teller - CTTC
http://www.okcareertech.org/testing/Skills%20Standards/Finance_Career_Cluster.htm
Recommended Additional Certifications: Certified Bank Teller (CBT) or Certified Personal Banker (CPB) or Certified Lender Business Banker (CLBB) or CFA Certification
ICB Associate Member Program is open to all financial services professionals with six months or more experience in the financial services industry.
Industry Alignments
Certified Bank Teller (CBT) or Certified Personal Banker (CPB) or Certified Lender Business Banker (CLBB) or (CFA) Chartered Financial Analyst Certification
ICB Associate Member Program is open to all financial services professionals with six months or more experience in the financial services industry.
Curriculum Resources
American Bankers Association. Today’s Teller Developing Basic Skills Handbook, 2005
Available: http://www.aba.com/Products/PS98_632300.htm
American Bankers Association. Today’s Teller, 2005.
Available: http://www.amanet.org/
Center for Financial Training. Banking and Financial Systems. Thomson/South-Western, ISBN-0-538-43241-1, 2003.
Adair, Troy Jr. Excel Applications for Investments. McGraw-Hill/Irwin. ISBN: 0-07-353057-3, 2006.
MBA Survival Kit. Essentials of Finance with an Accounting Review. McGraw-Hill/Irwin. ISBN: 0-07-256472-5, 2001.
Available: http://www.cengage.com
Junior Achievement. JA Banks in Action.
Available: http://www.ja.org/
Modern Teller Training. 1st Financial Training Services.
Available: http://www.1stfinancialtraining.com