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Business and Information Technology Education
BT00111
Banking & Financial Services
120.00
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.
Kim Simpson
(405) 743-5117
ksimp@okcareertech.org
Fundamentals of Administrative Technologies or
Banking Technologies
-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.
Required Certification - choose one:

ODCTE:
-Banking & Financial Services: Deposits/Teller

Brainbench:
-Financial Industry Knowledge

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.
http://www.aba.com/ICB/Certifications.htm
Certified Bank Teller (CBT) or Certified Personal Banker (CPB) or Certified Lender Business Banker (CLBB) or (CFA) Chartered Financial Analyst Certification

To obtain the CFA charter, three exams and at least three years of qualifying work experience is required.

ICB Associate Member Program is open to all financial services professionals with six months or more experience in the financial services industry.
http://www.aba.com/ICB/Certifications.htm

Banking & Financial Services: Deposits/Teller
http://www.okcareertech.org/testing/Skills_Standards/Business_Career_Cluster.htm

Brainbench
http://www.brainbench.com/
Available at http://www.aba.com/Products/PS98_632300.htm

-American Bankers Association. Today's Teller Developing Basic Skills Handbook, 2005

-American Bankers Association. Today's Teller, 2005.

Available at http://www.cengage.com/

-Center for Financial Training. Banking and Financial Systems. Cengage Learning

Available at http://www.ja.org

-Junior Achievement. JA Banks in Action.

Available at http://www.1stfinancialtraining.com/

-Modern Teller Training. 1st Financial Training Services.

-Banking and Financial Systems, Cengage, 1st edition, ISBN: 9780538432412
No
8120
Yes
Yes
Yes
Career Majors That Sequence This Course
Career Cluster Pathway Career Major
Finance Banking & Related Services Financial Customer Service
Finance Banking & Related Services Financial Services Representative