Financial Services

BFC 101 Principles of Financial Institution Operations (3-0) 3 hrs.
Surveys the internal operations of a bank and of a savings and loan association. Emphasizes the general principles of operations applicable to institutions of all sizes. Provides a sound foundation for newcomers to the industry regardless of age or prior academic experience.

BFC 102 Commercial Law (3-0) 3 hrs.
Provides a general knowledge of, and prepares the banker or credit manager to act in accordance with, legal principles pertaining to business and to banking. Topics include contracts, commercial paper, bank deposits and collections, bankruptcy, the Statute of Frauds, insurance law and appropriate articles of the Uniform Commercial Code.

BFC 115 Advanced Principles of Financial Institution Operations (3-0) 3 hrs.
Continues the study of financial institution operations by analyzing banking products and services. Topics include checking accounts, N.O.W. accounts, time deposits, money market accounts and the contractual nature of these accounts. Also includes ownership methods, insurance coverage and an introduction to consumer lending. Recommended
Prerequisite:
BFC 101 with a grade of C or better.

BFC 117 Marketing for Financial Institutions (3-0) 3 hrs.
Provides an overview of the essentials of public relations and marketing for financial institutions. Includes the goals, development, implementation and evaluation of internal and external public relations and marketing plans.

BFC 118 Credit Administration in Financial Institutions (3-0) 3 hrs.
Emphasizes the identification and examination of factors influencing and determining a financial institutional loan policy. Topics include methods of credit investigation and analysis, credit operation techniques, case problems in credit administration and standard and unconventional types of loans.

BFC 121 Principles of Property and Liability Insurance (3-0) 3 hrs.
Presents the basic principles of insurance, provides an introduction to insurance contracts and surveys the nature and operation of the insurance business. Meets the requirements for the Insurance Institute of America's Program in General Insurance INS 21 national examination.

BFC 122 Principles of Personal Insurance (3-0) 3 hrs.
Analyzes personal loss exposures and personal insurance coverages including homeowners, personal liability, inland marine, auto, life, health and government programs. This course meets the preparation requirements of the Insurance Institute of America's Program in General Insurance INS 22 national examination.
Prerequisite:
BFC121 with a grade of C or better.

BFC 123 Principles of Commercial Insurance (3-0) 3 hrs.
Analyzes commercial coverages including property, business income, inland and ocean marine, crime, boiler-and-machinery, general liability, auto, workers compensation and package policies. Meets the requirements for the Insurance Institute of America's Program in General Insurance INS 23 national examination.
Prerequisite:
BFC 121 with a grade of C or better.

BFC 200 Investment Management (3-0) 3 hrs.
Introduces the student to the fundamentals of equity and fixed income investing. The course will also explore other investment management subjects such as mutual funds, international investing and retirement planning as well as tax-advantaged investments. Basic derivatives such as futures and options will also be discussed. Credit will be given for either BFC 200 or MGT 170, but not both.

BFC 201 Commercial Credit and Collection Principles (3-0) 3 hrs.
Provides the principles of commercial credit management. Emphasizes analysis and control of funds advanced to customers through sales (accounts receivable management). Topics include credit associations, asset management, credit policies, basic principles of credit analysis and collection principles. Completion of ACC 101 or interview with coordinator prior to enrollment helpful.

BFC 202 Advanced Commercial Credit and Collection (3-0) 3 hrs.
Continues study of commercial credit management. Emphasis is placed on Accounts Receivable Management. Topics include financial statement analysis, budgeting, bad debts and receivables cash flow and a detailed study of bankruptcy proceedings and international credit transactions.
Prerequisite:
BFC 201 with a grade of C or better.

BFC 211 Accounting for Financial Institutions (3-0) 3 hrs.
Studies basic accounting procedures, techniques and systems used in banks, savings and loans and other financial institutions. Emphasis on the components of the statement of condition and income statement.
Prerequisite:
ACC 101 and BFC 101 with grades of C or better.

BFC 212 Home Mortgage Lending (3-0) 3 hrs.
Emphasizes the role of the mortgage loan officer seeking to develop a sound mortgage portfolio. The mortgage market is described, followed by the acquisition of a mortgage portfolio, mortgage plans and procedures, mortgage loan processing and servicing and finally the obligations of the mortgage loan officer in overall portfolio management. Recommended
Prerequisite:
ACC 211 with a grade of C or better.

BFC 213 Trust Functions and Services (3-0) 3 hrs.
Introduces trust operations. Presents the duties of, and services rendered by, institutions engaging in trust business, differentiating between the business and legal aspects of trust functions. Intended for all bankers and not limited to only those specializing in trust functions and services.

BFC 215 Financial Statements Interpretation and Analysis (3-0) 3 hrs.
Explores the characteristics of financial statements and financial statements analysis. Emphasis is on the income statement, balance sheet and sources and uses of funds statement. Effects of reserves, inventory valuations, depreciation, depletion, amortization, subsidiaries and affiliates are studied. Also addressed are cash flow, reported earnings, taxable earnings and interpretation of the financial data by means of ratio analysis.
Prerequisite:
ACC 101 with a grade of C or better.

BFC 216 Bank Auditing and Internal Control (3-0) 3 hrs.
Explores principles, standards, techniques and professionalism in bank auditing. External audits and the role of the external auditor. Internal control, audit procedures and the role of the internal auditor. Audits by directors, trust department audits, EDP audits, other audits. Customer confirmations. Completion of MGT 111 would be helpful.
Prerequisite:
ACC 101 with a grade of C or better.

BFC 217 Uniform Commercial Code (3-0) 3 hrs.
Explores the Uniform Commercial Code and related uniform acts and their impact upon common documents. Instruments considered include negotiable instruments, nonnegotiable instruments and quasi-negotiable instruments. Topics include formal requirements, form and content, interpretation, delivery, negotiation, endorsement, presentment, notice of dishonor and protest, acceptance and certification and discharge.

BFC 219 Consumer and Commercial Credit in Financial Institutions (3-0) 3 hrs.
Emphasizes the practical aspects of both consumer and commercial credit management. Techniques of lending such as credit verification, secured and unsecured lending, slow loans and workouts.
Prerequisite:
BFC 118 with a grade of C or better.

BFC 220 Human Resource Management in Banking (3-0) 3 hrs.
Presents the theories and application of human resource management in banking. Surveys the techniques of selecting, motivating and controlling bank employees. Personnel selection, interviewing, training and rewarding employees will be stressed in this course.
Prerequisite:
BFC 101 with a grade of C or better.

BFC 225 International Finance (3-0) 3 hrs.
Emphasizes international trade financing. Presents mechanics of importing and exporting, credit and political considerations. Focuses on credit considerations, market product profiles, letters of credit, collection, credit information outside the United States and entry into these markets.
Prerequisite:
ACC 101 with a grade of C or better.

BFC 230 Banking Internship (1-15) 2 hrs.
Applies student's appropriate skills to the banking workplace setting. (NOTE: Summer semester only.)
Prerequisite:
Consent of coordinator.

BFC 235 Banking Internship (1-15) 3 hrs.
Provides cooperative work experience as a banking trainee. Credit for this course will be given for participation in supervised cooperative work experience. The experience must be provided through an organized training plan in a college-approved training station. One lecture hour per week will be devoted to job analysis and banking issues.
Prerequisite:
Consent of coordinator.