What are Banking Classes?
Students seeking to pursue a career in banking are required to pursue courses that integrate banking classes in their courses. The most popular banking courses that students can pursue include a degree in finance, accounting, or related fields.
The banking classes may be part of associate degrees, banking certifications, or Master’s, and Ph.D. programs that students can pursue to improve their overall marketability, as well as their level of industry knowledge. They often integrate key banking classes that expose students to key subjects such as banking, accounting, investments, financial statement analysis, and lending, which are important in shaping the student’s future career.
- Banking classes are the course that students pursue when seeking a career in banking.
- The most popular banking classes are principles of banking, financial accounting, money and banking, and financial statement analysis.
- The courses can be part of a certificate, an associate degree, or a Master’s or Ph.D. program in finance, accounting, or related fields.
List of Banking Classes
There is a wide variety of career opportunities available to students, and professionals working in the banking sector can use their skills to analyze the stock market, create budgets, broker financial deals, analyze financial statements, and even advise investors on the best places to invest in.
Some of the most important banking class topics that students should expect to learn include:
1. Principles of Banking
The principles of banking course introduce students to the fundamental principles of the banking sector and the key functions and roles of banks. The course introduces elemental banking concepts and principles, allowing learners to understand how banks operate as service providers and their role in ensuring the safety and security of customer deposits.
The course also covers the roles and responsibilities of key bank employees from the low levels to the senior management, and how the parties work together to realize a customer-focused banking environment. It also gives an overview of financial services such as human resource, operations, marketing, and ethics.
The key topics covered in the principles of banking course include commercial lending, money and interest, security and ethics, negotiable instruments, monetary systems, bookkeeping, collection functions, history of banking, and the role of banking in the economy. The course is taken at the start of a banking program.
2. Money and Banking
The money and banking course provides an overview of the financial system in the economy, including the functions of money and central banking matters. Students also explore the role of money in the economy by understanding financial theory and government regulations. Students also learn the function that money plays in the banking industry and world economy, by exploring monetary policies, fiscal responsibilities of banks, as well as the functions of the Federal Reserve Board.
The key topics covered in the money and banking course include nature of money, monetary policy theory, international banking, the powers of the Federal Reserve, the functions of the Treasury, the balance of payments, and the central bank structure.
3. Commercial and Consumer Lending
The consumer and commercial lending course allows students to understand the process of loan applications, risk evaluation, and loan processing. Students are taught how to analyze key financial statements such as the balance sheet and income statement to evaluate the creditworthiness of a customer.
In addition, students learn the basics of open-end and closed-end loans, indirect loans, and related loan products. The course also teaches students on methods of calculating interest rates, setting loan prices, ensuring customer compliance, and enforcing collections. It is mainly taken by students who plan to work in a financial institution as a loan officer or risk analyst.
The topics covered in the commercial and consumer lending course include loan documentation, credit scores, credit system, credit risk evaluation, loan interview skills, loan negotiation skills, and risk factors affecting lending.
4. Financial Accounting
The financial accounting course equips students with technical and problem-solving skills in the area of corporate financial reporting. It introduces students to the preparation of key financial statements such as the income statement (profit and loss account), statement of financial position (balance sheet), and the statement of cash flows.
The course also teaches students how to record financial information, analyze financial statements, and determine the value of a business. Students also gain skills in reading, interpreting, and applying key accounting standards in the preparation and analysis of financial statements.
The financial accounting course covers several topics, including the accounting process, preparation of financial statements, financial statement analysis, accrual accounting, petty cash accounting, reconciliation of books, depreciation, accounting standards, and IAS and GAAP principles.
5. Financial Statements Analysis
The financial statements analysis course expands on the basic skills taught in the introductory banking classes. It allows students to gain the skills and knowledge required to understand financial reporting techniques. The course teaches students how to analyze financial statements for specific tasks such as credit analysis, lending decisions, investments analysis, and other tasks that depend on financial data.
Also, students learn how to compare the financial performance of companies, calculate key performance indicators, and read 8K and 10Q SEC filings. The course also teaches students how to calculate key financial ratios and evaluation metrics such as price earning ratio, price-to-book ratio, and EV/EBITDA.
The topics covered in the financial statement analysis course include using financial statements for credit analysis, understanding financial ratios, profitability analysis, risk analysis, interpreting audit options, reading 10-K and 8-K forms, and calculating key performance indicators.
CFI is the official provider of the Commercial Banking & Credit Analyst (CBCA)™ certification program, designed to transform anyone into a world-class financial analyst.
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