AIB PRINCIPLES OF BANKING

Southeast Regional Center for Financial Training, Inc.

AIB Principles of Banking (AIB-1370)

Course Information (Textbook Information Below)

Long recognized as the standard introduction to the banking industry, Principles of Banking touches on nearly every aspect of banking, from the fundamentals of negotiable instruments to contemporary issues and developments within the industry.

Delivery Options

Self-Study, Instructor-Led Online, and In-Person.

Audience

Personnel new to banking at all levels.

Learning Objectives

After 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 components of the marketing 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

ACE College Credit Recommendation*

In the lower division baccalaureate/associate degree category, 3 semester hours in Banking, Business Administration or Finance

*Applicable to Instructor-Led Online course.

AIB Principles of Banking, newly revised and in its 9th edition, provides immediately useful banking knowledge, as well as the foundation for new learning and enhanced career opportunities. Recognized as the most comprehensive introduction to the banking industry for over 40 years, AIB Principles of Banking presents an overview of the fundamentals of banking, along with contemporary issues and developments in the industry today. And, it is the only Principles of Banking course that is accepted for credit towards AIB Diplomas and Certificates.

ABA research on job competencies determined that the content in Principles of Banking has direct applicability to a broad range of banking positions - from a Customer Service Representative to a Consumer Lending Manager. Topics covered include:

Context, structure and operation of banks as profit-making enterprises
Evolution of the U.S. banking system, including laws, regulations and regulators
Money and banking and the roles of both the Federal Reserve and banks in the economy
Operations of banks from managing assets to managing liabilities
Deposit products, services, and account opening requirements
Checks as negotiable instruments, check processing, and other payment systems
Electronic banking services and trends
Lending, including loan types and the lending process
Bank products and services for businesses and international banking
Personal financial planning, what it is, the process, and the products and services
Services such as trusts, investments, and insurance for consumers and businesses
Building customer relationships by meeting customer expectations, understanding the purchasing process, sales and marketing
Fiduciary role of banks in protecting customer information, safeguarding customer and bank assets, and deterring financial crimes, and protecting the nation's financial system.

The following important updates are included in the 9th Edition:

Job, training and educational opportunities in banking
Electronic banking innovation such as remote deposit capture
The bank's role in the personal financial planning of its customers
The business risks banks manage and the bank rating systems
Brief introductory descriptions of laws and regulations
Money functions and properties, what constitutes the money supply, the flow of economic activity, the role of banks in money creation, and how the Fed manages monetary policy.

Principles of Banking supports the AIB Online course - Principles of Banking and may be used to teach Principles of Banking in the classroom.

Recommended Instructional Hours: 15-30-45
Recommended AIB Credit: 1-2-3

Softbound, 366 pages, 9th Edition, 2007
ISBN 0-89982-602-4
Catalog #3003682

For further information, call Southeast Regional CFT (904) 354-4830 or send an e-mail to lisaphillipscft@bellsouth.net

Enrollment Form

Download and print an enrollment form from here, complete and fax to 904-354-1834. www.cft-flsc.org