These regulations are for the Bachelor of Commerce degree in Banking and Finance honours programme. This degree intends to equip students with Banking and Finance skills. The regulations cover the rationale, aim and objectives, learning outcomes, career prospects, entry requirements, modules and their synopsis. The  modules of BCom Banking and Finance honours degree are principles of management,  Money and banking, corporate finance, financial accounting, business communication, business statistics, banking law and practice, investment analysis, macroeconomics, personal banking, banking supervision, regulation and licensing, banking financial management, entrepreneurship, econometrics, investment banking, treasury management, world financial markets, research methods and statistics, public finance, development finance, financial markets, financial modelling, international banking and finance, portfolio management, derivative theory and practice, financial engineering, financial strategies, behavioural finance and dissertation. These regulations should be read in conjunction with the General Academic Regulations for Undergraduate degrees hereinafter referred to as the General Regulations.


The programme is a direct response to the increasing demand for highly qualified expertise in Banking and Finance locally, regionally, continentally and internationally. As Zimbabweans, there is need to create a pool of experts in the field basing on the national economic growth trajectory.


To equip the students with financial analysis techniques both in theory and application.

  • Objectives of the Programme
    • To analyse financial aspect of financial and credit organisation
    • To carry out an analysis and make assessments of financial and economic risks
    • To evaluate current, short and long term financial stability of the credit organisation
    • To provide corresponding normative and methodical documents credit organisation’s business processes
    • To management work group for short and long term financial policies and credit organisations’ development strategies


The banking and finance graduates are able to:

  • analyze financial aspects of financial and credit organization;
  • carry out an analysis and make assessments of financial and economic risks;
  • evaluate current , short- and long-term financial stability of the credit organization;
  • provide corresponding normative and methodical documents credit organization’s business processes;
  • Manage work groups for making short- and long-term financial policies and credit organizations’ development strategies.

Graduates have a wider choice of career paths in all sectors of the economy such:

  • Finance Officer
  • Manager
  • Financial Consultant
  • Fund manager
  • Stockbroker
  • Investment banker
  • Financial Analyst
  • Lecturer
  • Business entrepreneurs.
  • Credit officer/Credit Analyst/Risk Officer
  • Treasury Officer
  • Loan Officer
  • Loan Monitoring officer/ Banker Teller/ Bank Manager/ Customer Services Officer

Four (4) years full time programme.

Three (3) years block release programme.

To qualify for entry into the programme a candidate must:

  • have passed five ordinary level subjects including English and Mathematics with grade “C” or better. In addition a candidate must have obtained a pass in any two ‘A’ level subjects such as Accounting, Mathematics, Economics, Management of Business,.
  • Have obtained a Diploma (complete qualification) in Banking and Finance or any other equivalent tertiary qualifications.

NB: Notwithstanding the provisions of the General Regulations for undergraduate degrees governing entry to undergraduate programmes, a student who has passed mathematics at another University or done a professional course with substantial statistical or quantitative components may be considered as satisfying the “O” Level mathematics requirements for entry into the programme.

Special entry

    • Candidates who have successfully completed the Higher National Diploma in Banking and Finance or have obtained equivalent qualifications may apply for direct entry into Part II of the degree programme, subject to availability of places.
    • Candidates admitted under 6.1 above will normally be exempted from Part I on course –by-course basis.


A student may, in approved cases be exempted from certain courses provided that the student shall have successfully completed approved degree courses elsewhere and that the student shall be required to complete at least 75% of the programme courses through Reformed Church University.

The student must fulfil the following conditions to qualify for exemption:

  • The syllabus of the institution from which the student completed the course must be equivalent in content to at least 80% of the course being applied for exemption.
  • The student in the given course/subject must have obtained a pass of 60%, 2.2 or B whichever is applicable.
  • To ascertain the student’s competence in the course, the university may grant exemptions by requesting that the student takes an exemption examination for the course(s) applied for.

          View Courses on Offer

The curriculum for Bachelor of Commerce Honours Degree in Banking and Finance comprises at least forty (40) courses.

Each course in part one and two worth ten (10) credits and for Work Related Learning courses, Work-Related Learning Action Report (HBAF 301) worth sixteen (16) credits, Work-Related Learning Employer Assessment (HBAF 302) worth twenty-nine (29) credits and Work-Related Learning Academic Supervisor’s Assessment (HBAF 303) worth seventy-five (75) credits. Part four courses each worth eleven credits and Dissertation (HBAF 414), weighs twenty-two (22) credits.

The student is expected to accumulate a minimum of four hundred and eighty (480) credit points and maximum of five hundred and six (506) credit points to be considered to have met the requirements of the Bachelor of Commerce Honours Degree in Banking and Finance.

Part 1               = 120credits

Part 2               = 120 credits

Part 3               = 120 credits

Part 4               = 132 credits

Total               =492 credits 

HBAF 101 Principles of Management

The course aims to provide students with information and knowledge on theoretical management and applied practices in managing a successful organisation. Areas covered in the course include history and development of management through functions of management, organisational structure, decision-making, centralization and decentralization issues of leadership and motivation.

HBAF 102 Money and Banking

The module will introduce students to monetary and financial institutions, monetary policy influences interest rates and asset markets, such as the bond market and the stock market, asymmetric information in corporate finance, the design of financial contracts, financial intermediation and the role of banks in the economic system and study the economic rationale behind banking regulation and monetary policy. Students will review evidence and theory on how monetary policy affects real economic activity, and then study the instruments and goals of monetary policy, focusing in particular on credibility and expectations management for central banks, and the connection with fiscal policy.

HBAF 103 Financial Accounting 1A

This course reviews the complete accounting cycle and the creation and management of accounting information for business entities. Particular emphasis will be placed on the fundamental principles and skills of the accounting profession, including recording of transactions, presentation of financial statements, and the uses of accounting information.

HBAF 104 Business Communication

This module aims to provide students with the opportunity to develop communication skills, skills that are essential to academic success (e.g. referencing and research skills) and other skills that are transferable to a career in the accounting profession or other employment. Emphasis is placed on employability skills development (e.g. presentations, group work) and practical learning opportunities are offered. 

HRCU 102 Information Technology 

This module seeks to introduce students Information Technology (IT) and provide them with an opportunity to explore criteria for the appropriate use of information technology. The module covers hardware and software system, data processing system, operation systems and database.



PART 1 SEMESTER 1                       
Six  Compulsory courses as follows
Principle Management HBAF 101 10
Money and Banking HBAF 102 10
Financial Accounting 1A HBAF 103 10
Business Communication HBAF 104 10
Information Technology HRCU102 10
Christian Ethics and Disability Studies HRCU 101 10

PART 1 SEMESTER 2                       



Five Compulsory courses plus One elective as follows



Banking Law  and Practice

HBAF 105


Financial Accounting 1B



Corporate Finance 1

HBAF 107


Investment Analysis 1

HBAF 108


Business Statistics

HBAF 108






HBAF 110



 Course Code


Five Compulsory courses plus One elective as follows



Personal Banking

HBAF 201


Banking Supervision, Regulation and Licensing

HBAF 202


Investment Analysis 2

HBAF 203


Corporate Finance 2

HBAF 204


Financial Accounting 2A

HBAF 205





Bank Financial management

HBAF 206


Econometrics I

HBAF 207


  Course Code Credits
Five Compulsory courses plus One elective as follows    
Investment Banking HBAF 208 10
Treasury management HBAF 209 10
World Financial Markets HBAF 210 10
Financial Accounting 2B HBAF 211 10
Research Methods and Statistics HRCU 201 10
 Public Finance HBAF 212 10
Econometrics II HBAF 213 10
The work-related learning experience is compulsory. Three courses are covered.    
Work-Related Learning Action Research Report HBAF 301 16
Work- Related  Learning Employer’s Assessment HBAF 302 29
Work Related Learning Academic Supervisor’s Assessment HBAF 303 75
PART 4 SEMESTER 1 Course code Credits
Five Compulsory courses plus One elective as follows    
Development Finance HBAF 401 11
Emerging Financial Markets HBAF 402 11
Financial Modelling HBAF 403 11
International Banking and Finance I HBAF 404 11
Marketing of Financial Services HBAF 405 11
Investments and Portfolio Management HBAF406 11
Derivatives: Theory and Practice HBAF 407 11
Course Code Credits
Four Compulsory courses plus One elective as follows    
Bank Lending and Credit Risk  Management HBAF 408 11
Financial Engineering HBAF 409 11
International banking and Finance II HBAF 410 11
Dissertation HBAF 414 22
Financial Strategies HBAF 411 11
Behavioural Finance HBAF 412 11
Corporate governance & business ethics HBAF413 11