Description: AIB Principles of Banking touches on nearly every aspect of banking, from the fundamentals of negotiable instruments to contemporary issues and developments within the industry. This accelerated, 10-week online course will cover all the content of the Principles of Banking textbook but not in as much depth as the 16-week course, therefore it will not have ACE credit recommendations at this time and will only convey 2 AIB credits.

Audience: Personnel new to banking at all levels.

Learning Objectives: After successfully completing this program, you will be able to:

• Discuss the relationships banks have with their customers and their communities and describe the traditional, non-traditional, and electronic services that banks provide
• Explain the evolution of commercial banking in the United States and the federal legislation that shaped its development
• Describe the creation of the Federal Reserve System and the Fed’s role as the agent of monetary policy and as a bank regulator
• Discuss various deposit instruments, the many ways customers can make deposits, and the means tellers have for establishing a customer’s identity
• Define negotiable instruments as they relate to checks and describe the features that make a check negotiable
• Distinguish between paying a check and cashing a check and explain the procedures for paying checks received through the check clearing system, including relevant regulations and consequences of wrongful dishonor
• Explain the process a bank must go through to post a check to an account and discuss controls and security measures that protect the bank and tellers from losses due to fraud
• Discuss the legal restrictions on bank loans, describe the role of the bank’s board of directors in establishing and overseeing lending policy, and identify basic loan categories
• Explain the objectives of funds management, including asset and liability management, and the objectives of bank investments
• Recognize the importance of accurate accounting data and describe the categories on the balance sheet and income statement
• Discuss the componets of the maketing concept and how understanding customers and market research lead to the success of marketing efforts
• Explain specialized services offered by banks, including trusts, safe deposit services, and global banking services, and newly expanded brokerage and insurance services authorized by the Gramm-Leach-Bliley Act
• Describe how electronic funds transfers systems and bank cards facilitate purchases, discuss home banking options for consumers and cash management options for businesses, and explain some of the systems developed to provide security and prevent loss

10 weeks
$450/$600*
* $15.00 shipping fee for materials will be added.

AIB Credit: 2
ACE Credit: 2