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.
AIM OF THE PROGRAMME
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
INTENDED LEARNING OUTCOMES
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
- Financial Consultant
- Fund manager
- Investment banker
- Financial Analyst
- 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.
- 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.
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.