Programme Handbook - Project Management Professional Student Handbook 2014-15.pdf · Programme Handbook 2014-15 Page 5 Bahrain Institute of Banking and Finance BIBF has an important

Academic & Executive Learning Centre

Bangor University Validated Diploma Programme

Programme Handbook

2014-2015

Programme Handbook 2014-15 Page 2

Contents

Page

1 Updated Handbook Contents 3

2 Welcome to Bahrain Institute of Banking and Finance 4

3 Bahrain Institute of Banking and Finance 5

3 Bangor University 6

4 General Information 7

5 Staff Details 8

6 Timetable for 2014/15 Academic Year 10

7 Diploma Programme Structure 11

8 Summary Course Outlines 17

9 Student Guidelines 75

10 Student Code of Conduct in Examinations 81

11 Enrolment, Progression and Assessment Rules 83

12 Health and Safety 85


Updated Handbook Contents

This handbook has been updated with latest programme information and rules especially the following sections: Page

Programme Structure 11

Mitigating Circumstances 77

Attendance Policy 78

Dress code 79

Enrolment and Assessment Rules 83


Welcome to Bahrain Institute of Banking and Finance

Welcome to the Validated Diploma offered by Bahrain Institute of Banking and Finance (BIBF). This programme is one of the most prestigious business qualifications available in the Kingdom of Bahrain and we are very pleased to be associated with Bangor University in running this unique programme. The key component about the programme is the flexibility that it provides. If you wish, you can complete your BA/BSc Honours degree at Bangor University in Wales or at BIBF in Bahrain (subject to validation). You will have the opportunity to live in another country, meet different people from other parts of the world, and be educated by lecturers who are best in class. However, you don’t have to go overseas. If you prefer, you can choose to complete three years in Bahrain at BIBF, obtain a Validated Diploma, and still become a valuable contributor to the financial sector. BIBF is an environment of serious learning where its state-of-the-art facilities offer the best possible aid in the learning process. In addition, the personal contact you have with our highly qualified and diverse faculty make studying here an impactful experience as they are always ready and willing to help with any difficulties you may encounter. We look forward to working with you and helping to support your learning journey.

Solveig Nicklos

Director, BIBF


Bahrain Institute of Banking and Finance

BIBF has an important role to play in supporting the financial sector of Bahrain. We continue to support all the financial institutions in Bahrain in the development of world class people for the sector. We do this by providing the highest quality of assessment, education, training and development in the region and ensuring that we deliver internationally accredited courses and programmes. Since its inception in 1981, BIBF has grown from 450 participants mainly from within the banking sector to over 20,000 participants largely within the financial services industry. BIBF delivers training and development solutions across all major business disciplines including Accounting and Finance; Banking; Insurance; Islamic Finance; Information Technology and Management and Leadership expertise. BIBF also has a major emphasis in Academic and Executive development. BIBF has an international footprint having delivered programmes in Asia, Africa, Europe and the wider Middle East, and educating over 50 different nationalities here in Bahrain. Our faculty is highly qualified and of diverse nationalities, which not only brings diversity in thinking but passion in enriching the participant experience. BIBF offers a significant variety of programmes including well over 200 morning programmes (Open Courses); tailor made courses based on organisational needs (Customised Courses); specialised programmes taught by external market specialists (External programmes); and Professional qualifications / Degree programmes in partnership with leading international organisations. Information regarding the range of partners and affiliations BIBF has, can be found at www.bibf.com


Bangor University

Bangor University (BU) was established in the late 19th century as one of the three constituent colleges of the University of Wales and now houses 10,000 students from around the world. The University has a long tradition of academic excellence that continues to this day. Over half of the departments assessed to date in the teaching quality assessments have achieved the top rating of excellent'. The University is ranked 15th in the Access elite group of universities and was ranked 8th in a nationwide survey of UK university students for the quality of its campus. In 2011, Bangor University was placed amongst the world’s top 275 universities in the Times Higher Education World University rankings. In the most recent Research Assessment Exercise (RAE), Accounting and Finance within the Business School has been rated as the best in the UK for the quality of research conducted by its staff. Students are attracted by our reputation for high quality and expertise, particularly in the area of Banking and Financial Services in which Bangor is a leading European centre which houses one of the largest PhD schools of any business school in the UK. Bangor University degrees are developed with academic rigour and practical/vocational relevance as twin objectives. The Bangor Business School is a multidisciplinary university school that spans Accounting, Banking, Business Studies, Economics, Finance, Management and Marketing. This means you have greater opportunities for choice. Bangor is located in a breathtaking landscape with panoramic views and is rich with history, culture and charm. The location is probably one of the most beautiful university settings in the whole of the UK – situated between the Snowdonia Mountains and the Menai Straits. Bangor is very much a university city. The cost of living is lower than in most UK cities. Also worth bearing in mind is the fact that compared to many other university cities, Bangor is also considered to be a safe place. If you love sport and the great outdoors, then get ready for Bangor. Paragliding, Surfing, Kayaking, Fell running, Dinghy sailing and Rock Climbing are just some of the activities available as well as team sports such as rugby, hockey and football. Bangor is easily accessible by road, air and sea, only 90 minutes away from Manchester Airport. Regular trains and coach services run to Bangor from London, Birmingham, Liverpool and Manchester.

The contact details of the Bangor University are as below: Bangor Business School College of Business, Social Sciences and Law Bangor University Gwynedd LL572DG Tel:+44(0)1248-382277 Fax:+44(0)1248-383228 Email:[email protected]


General Information

This handbook along with BIBF handbook must be studied and understood very well and all rules must be taken very seriously. These are issued to all students admitted to Bangor University Validated Diploma programme at BIBF. Your courses per semester are fixed, except in the 2nd year where you have a choice of electives. You have one week at the start of each semester to make a final choice of your elective courses. Every effort will be made to satisfy your first choice of courses; however, some restrictions may apply where:

a. There is insufficient number of students on a course.

b. Timetable constraints

Course lecturers will give detailed information (Module Specification and Lesson Plan) in the first lecture of each course. They will also provide a list of reading material, and information about coursework, assessments and examinations. You should also regularly look at the notice board in the reception area of the Academic and Executive Center for further details about the programme.

BIBF has a very dynamic and user-friendly website: www.bibf.com. Here you can find important information

about your faculty and courses. You can download brochures, course catalogues, course calendars, application

and registration forms etc. Here you also have the access to many of the other important documents like

Student Charter, Student Handbook and BIBF Codes of Malpractice, Appeals and Students Complaints etc.


Staff Details

Full time lecturing staff

Name Extension Email

BIBF main reception 17815555 N/A

Solveig Nicklos-Director 5500 [email protected]

Dr. Ahmed A. Hameed A. Ghani Al Shaikh Deputy Director

5544 [email protected]

Ahmed Al-Rayes - Head of Quality Assurance, Academic and Executive Center D: +973 1781 5512


Burhanu Deen Jayah Head of Accounting and IT Center


Kadri Rizk Head of Leadership & Management Centre

5565

[email protected]

Hani Hussain redha Head of Islamic Finance Centre


Hisham Ali AbuAlfateh Head of Marketing and Communication


Waseem Mirza Academic Programme Manager


Thomas M. Weeks-Barnitt Academic Programme Manager


Rammi Mokha Senior Academic Coordinator - QA


Nasreen Mohammed Aqeel Student Affairs Coordinator


Parwin Haji Senior Office Administrator


Nawal Saif Registrar


Name Extension Email

Hussain Jubail Lecturer, Academic & Executive Centre


Aisha Fazal Lecturer, Academic & Executive Centre

[email protected]

Syed Amir Senior Lecturer, Centre for Accounting & IT


Hafiz Qaisar Khan Senior Lecturer, Centre for Accounting & IT


Mahmood Abdullah Kadhem Lecturer, Centre for Accounting & IT


Vivek Kumar Senior Lecturer, Centre for Leadership & Management


Chithra Suresh Lecturer, Centre for Banking



Part-time lecturing staff

Al Fatih Gessun Aryasantana Senior Lecturer, Centre for Islamic Finance


Dr. Ahmad Asad Senior Lecturer, Centre for Islamic Finance


Naeema Al-Aali Lecturer, Centre for Leadership & Management


Siddika Sabooni Lecturer, Centre for Leadership & Management


Raheel Bashir Senior Lecturer, Centre for Accounting & IT


Yousif Faraj Senior Lecturer, Centre for Accounting & IT


Name Email

Bob Thaker Centre for Leadership & Management

[email protected]

Saeeda Nasir Centre for Banking

[email protected]

Khalid AlBayat Centre for Banking

[email protected]

Banya Battacharya Centre for Banking

[email protected]

Nandita D' Souza Menezes Centre for Banking

[email protected]

Nazneen Ebrahim Centre for Banking

[email protected]

Hammad Mohiyuddin Centre for Accounting & IT

[email protected]

Deborah Rose Centre for Leadership & Management

[email protected]

Jawad Mohammed Centre for Accounting & IT

[email protected]

Nader Soufi Centre for Leadership & Management

[email protected]

mailto:[email protected]


Calendar for the 2014-2015 Academic Year

Semester I - September 16, 2014 – January 22, 2015

Students Induction Tue 16 September 2014

New Semester Start- First day of classes Sat 20 September 2014

Eid Al Adha Holidays Sun 05 – Wed 08 Oct 2014

Al Hijra New Year Holiday Sun 26 Oct 2014

Ashoora Holidays Mon 03 – Tues 04 Nov 2014

National Day Tues 16 - Wed 17 Dec 2014

Christmas Holiday Thurs 25 Dec 2014

Last Day of Classes Wed 31 Dec 2014

Prophet’s Birthday Holiday Sat 03 Jan 2015

Final Exams for this semester and Resit Exams for previous semester

Tues 06 Jan – Thur 22 Jan 2015

Releasing of Provisional Results Tues 10 Feb 2015

Semester II- February 18, 2015 – June 07, 2015

Students Induction

Wed 18 February 2015

New Semester Start- First day of classes

Sat 21 February 2015

Labour Day Holiday

Friday 01 May 2015

Last day of classes

Sat 16 May 2015

Final Exams for this semester and Resit Exams for previous semester

Thur 21 May –Sun 07 Jun 2015

Releasing of Provisional Results

Mon 22 Jun 2015


Course of Study The BIBF International Foundations Programme comprises eight subjects. The Bangor University Validated Diploma programme comprises sixteen subjects. For a full time student this course of study requires 3 years. Bangor University Validated Diploma Programme at BIBF offers students, who successfully complete the course of study and pass the exams, the award of a Bangor University Diploma. It also offers Diploma holders the opportunity to continue their studies for a BA/BSc Honours Degree programmes at Bangor University in UK or the BSc at BIBF in Bahrain (available from September 2015*) – these are in areas including Banking & Finance, Accounting and Finance and Business Studies and Finance (only available in Bangor). Students will study a year of foundation and two years here in Bahrain utilizing BIBF's excellent facilities and outstanding faculty. Teaching materials developed by BIBF staff, in addition to the textbooks and materials offered by the Bangor University visiting panel of expert assessors have been prepared for the courses. End of semester examinations will also be run by BIBF faculty in Bahrain, but approved by the External Examiners/ Exam Board from Bangor University.

Programme Structure Under the Bangor University validated programme the following three diplomas streams are offered:

1. Banking and Finance 2. Accounting and Finance 3. Islamic Finance

The foundation year is common for all students, who then choose from one of the three streams before progressing to the first year of the diploma programme .Once registered in a particular stream changing or switching is only allowed as per programme rules. For more information, please contact the Student Affairs Coordinator, Nasreen Mohammed Aqeel by email: [email protected] or on +973 17815543.

mailto:[email protected]


Programme Structure-(flow diagram)

Foundation Year (The BIBF International Foundations Programme)

Year I courses are identical for all diplomas

Thre

e Y

ears

At

BIB

F O

ne

year

at

Ban

gor

Un

iver

sity

or

at B

IBF

in

Bah

rain

In Final year students can proceed to

Bangor University, UK or study at BIBF in Bahrain* for BA/BSc Honours degree

*(subject to validation)

BA/BSc Banking and Finance or

BA/BSc Accounting and Finance or

BA/BSc Business Studies and Finance*

* (this option and all BA’s are available at Bangor University only)

In Year II students have the option to choose among the following three diplomas streams and study for two years to earn diploma award

Banking and Finance Diploma

Islamic Finance

Diploma

Accounting and Finance

Diploma


Foundation (common for all diplomas)

Code Semester I Code Semester II

BAF100 Introduction to Business and Finance

STA100 Introduction to Statistics

MAT100 Introduction to Mathematics for Business and Finance

PWP100 Project Writing and Presentation Skills

BEN100 Business English ECO100 Introduction to Economics

ACS100 Academic Study Skills ETH100 Business Ethics


Banking and Finance Diploma

YEAR 1


ACC1101 Introductory Financial Accounting ACC1102 Financial Reporting & Analysis

QM1101 Quantitative Methods I QM1102 Quantitative Methods II

MGT1101 Principles of Management IT1101 Managing Information

ECO1102 Money and Macro Macroeconomics

ECO1103 Managerial Economics

YEAR 2


FIN2101 Corporate Finance LW2101 Banking Law

MKT2101 Principles of Marketing BAK2102 Risk Analysis

BAK2101 Bank Lending MGT2102 Management & Organization

Elective Elective

ELECTIVES YEAR 2


IF2105 Islamic Treasury, Risk Management & Capital Markets

IF2103 Islamic Commercial Banking

IF2106 Islamic Insurance- Takaful IF2111 Islamic Accounting Standards


Accounting and Finance Diploma

YEAR 1


ACC1101 Introductory Financial Accounting ACC1103 Financial Markets & Institutions

QM1100 Quantitative Methods for Accountants

ACC1104 Introductory Management Accounting

ECO1102 Money & Macro Economics ACC1105 Audit & Assurance and Corporate Governance

MGT1102 Management Strategy ACC1106 Accounting Information Systems I

YEAR 2


ACC2107 International Financial Accounting & Reporting

ACC2109 Business and Professional Ethics

ACC2108 Management Accounting & Control

ACC2110 Financial Statement Analysis

LW2201 Business and Commercial Law ACC2111 Accounting Information Systems II

FIN2101 Corporate Finance Elective

ELECTIVES YEAR 2

Code Semester II

N/A ACC2112 Advanced Audit and Assurance

N/A IF2108 Accounting Auditing and Governance for Islamic Financial Institutions


Islamic Finance Diploma

YEAR 1


ACC1101 Introductory Financial Accounting ACC1102 Financial Reporting and Analysis

QM1101 Quantitative Methods I MGT1101 Principles of Management

IF1101 Islamic Commercial Jurisprudence IT1101 Managing Information

ECO1102 Money & Macro Economics IF1102 Islamic Economic Thought

YEAR 2


FIN2101 Corporate Finance IF2104 Islamic Investment Banking

MGT2102 Management and Organization IF2107 Banking Business and Trust Law

IF2103 Islamic Commercial Banking IF2108 Accounting Auditing & Governance for Islamic Financial Institutions

Elective Elective

ELECTIVES YEAR 2


BAK2101 Bank Lending BAK2102 Risk Analysis

MKT2101 Principles of Marketing IF2110 Shari’a Audit and Compliance


Course Outlines

This section contains course outlines for all the modules. More detailed course outlines will be provided by the course lecturers at the start of each course.

The details given in the following outlines are subject to change from time to time. In particular, you should check with the Programme Manager and course lecturer before you commit to purchasing a textbook.


ACC1101- INTRODUCTORY FINANCIAL ACCOUNTING

Hours / Week: 4

Aims and Objectives: To introduce the students with the theoretical and applied aspects of Financial Accounting.

Learning Outcomes (LOCs):

At the end of the module, the student should be able to:

1. Understand the basic concepts, techniques and terminology of financial accounting.

2. Understand the scope and limitations of financial accounting data. 3. Prepare all books of accounts involved in financial accounting cycle and

prepare basic financial statements for sole traders, partnerships and companies.

4. Make the year-end adjustments. 5. Calculate the cost of goods sold and the value of inventory under different

inventory valuation methods. 6. Work with others in a group and on their own to solve problems.

Indicative Content

Accounting equation and Balance Sheet

The double entry system for assets, liabilities, and capital

Inventory

The effect of profit and loss on capital and the double entry system for expenses and revenues

Balancing off accounts

The trial balance

Income Statements and Balance Sheets: further considerations

Accounting concepts and assumptions

Cash Books

Sales day book and sales ledger

Purchase day book and purchase ledger

The journal

Capital Expenditure and revenue expenditure

Bad debts allowances

Depreciation of non-current assets: nature and calculations

Double entry records for depreciation

Accruals and prepayments and other adjustments for financial statements

The valuation of inventory

Bank reconciliation

Control Accounts

Errors not effecting the balancing of Trial Balance

Suspense accounts and errors

Partnership accounts

Teaching Methodology:

The Module is taught by a series of lectures with the emphasis on the Accounting concepts and procedures. Practical sessions will be utilized for problem solving and applications.


Bibliography:

Frank Wood & Alan Sangster. (2009), Business Accounting 1, Prentice Hall, 12th Ed.

Reference books: McLaney, E and Atrill, Ed., (2008), Accounting: An introduction, Prentice Hall.

Larson, Wild, and Chiappetta, (2007), Fundamental Accounting Principles, McGraw Hill 18th International Edition.

Needles, Powers, and Crosson (2007), Principles of Accounting, Houghton Mifflin Company Edition.


QM1101 - QUANTITATIVE METHODS I

Hours/Week: 4

Aims and Objectives:

To familiarize students with the concepts and techniques in statistics.

To develop the skills of using statistical methods and tools.

Improve student’s abilities to understand and reasoning the statistical data relating to the financial services environment.

Learning Outcomes:

At the end of this module the student will be able to:

1. Understand the use of statistical methods and tools in financial and economic analysis.

2. Grasp the type and techniques of statistical tools and the reasoning for their use.

3. Understand the use of Probabilities 4. Understand the rules for Sampling

Indicative Content:

Introduction to Statistics (LOC1)

Descriptive Statistics (LOC1)

Probabilities: Fundamental rules (LOC3)

Discrete Probability Distribution: Binomial Distribution (LOC3)

Discrete Probability Distribution: Poisson Distribution (LOC3)

Continuous Probability Distribution: Normal Distribution (LOC3)

Sampling and Sampling Distribution (LOC4)

Statistical inferences: Estimation for single population, Estimation for the variance

Statistical inferences: Hypothesis Testing (LOC2)

Simple Regression Analysis (LOC2)


This module will be taught by a series of lectures, supported by a considerable class work on problem solving and application of various statistical tools to Data drawn from various published economic and financial reports.

Bibliography: Lind-Marchal-Walhen, Statistical Techniques in Business and Economics. 15th ed, McGraw Hill


QM1102 - QUANTITATIVE METHODS II

Hours/Week: 4


To familiarize students with the concepts and techniques in statistics.

To develop the advance skills of using statistical methods and tools.

Improve student’s abilities to understand and reasoning the statistical data relating to the financial services environment.

Learning Outcomes:

At the end of this Module, the student would be able to:

1. Understand the use of advance statistical methods and tools in financial and economic analysis.

2. Grasp the type and techniques of statistical tools and the reasoning for their use.

3. Understand the use of Probabilities 4. Understand the rules for Regression and Time Series 5. Understand the rules of Index number

Indicative Content:

Probability and Probability Distribution (LOC1)

Sampling methods and sampling distributions (LOC4)

sampling the population

probability sampling methods

sampling error

sampling distribution of the sample mean

the central limit theorem

point estimates and confidence intervals

finite population correction factor

Hypothesis testing (LOC3)

steps in hypothesis testing

t test for mean

2 test for proportion

X²test for a variance or standard deviation.

Multiple regression and correlation (LOC5)

Multiple regression analysis

Multiple standard error of estimate

The ANOVA Table

Evaluating the regression equation

Nonparametric methods (Chi-square)

Index numbers (LOC6)

Time series and forecasting


This module will be taught by a series of lectures, supported by a considerable class work on problem solving and application of various statistical tools to Data drawn from various published economic and financial reports.

Bibliography: Lind-Marchal-Walhen, Statistical Techniques in Business and Economics. 15th ed, McGraw Hill.


ACC1102 - FINANCIAL REPORTING AND ANALYSIS

Hours / Week : 4

Aims and Objectives :

This module is primarily for non-accounting students who have studied and passed the assessments of a first level module in Accounting. This module enables them to build onto what they have done already and helps them to get an understanding of financial statements to the level where they can apply the information contained in the statements to real life situations. The students will become competent users of financial information.

Learning Outcomes : (LOC)

On completion of this module students will be able to:

1. Explain and apply methods of constructing, comparing and analyzing financial statements and reports.

2. Read published financial statements with the view to using accounting information in making investing, lending and other decisions.

3. Explain the relationship between the various components of financial statements.

4. Discuss the importance of financial reporting and analysis as a tool in the financial decision making process.

5. Prepare basic consolidated financial statements

6. Appreciate the need for other disclosures in the financial statements

Indicative Content :

Conceptual framework underlying financial Accounting. .(LOC1)

Published accounts of companies.(LOC2)

Preparation of published accounts. .(LOC2)

Preparation of Consolidated accounts. .(LOC5)

Inventories .(LOC3)

Cash flow statement .(LOC2)

Financial ratio analysis .(LOC4)

Analyzing financial performance .(LOC1) .(LOC4)

Comparative analysis .(LOC4)

Corporate governance (LOC6)

Environment and social reporting (LOC6)

Teaching Methodology :

This Module will be taught by a series of lectures with the emphasis on

methods of constructing, comparing and analyzing financial statements

and other financial reports. Practical sessions will be utilized to conduct

financial analysis.

Problem solving and applications will occupy an important part of the

course. In addition Homework will be assigned and evaluated.

Bibliography : Business Accounting-2 by Frank Wood’s, IFRS 12 edition, Prentice Hall


IF1101- ISLAMIC COMMERCIAL JURISPRUDENCE

Hours/Week: 4

Aims and Objectives

To provide the students with the introductory knowledge of Islamic Fiqh.

To teach students the theories of Fiqh on property (maal), rights

(huquq), ownership (milkiyah), and contract (‘aqd).

To prepare students for the study of the various transactions in Islamic

Finance Diploma and other more advance courses in Islamic Finance.

To provide students with knowledge of various Islamic commercial

transactions.

To enhance the students’ skills in relation to the application of Islamic commercial and financial transactions.

To enable the students to have a modern approach to the present

Islamic finance problems in light of ilm usul al fiqih.

Learning Outcomes:

At the end of the course, participants will be able to do the following: 1. Demonstrate the importance of the knowledge of Fiqh Mu’amalat in

economic activities. 2. Apply the principles of Mu'amalat to their daily economic and business

activities. 3. Demonstrate the knowledge of the theory of contract (nazariat al-

‘aqd). 4. Demonstrate the ability to identify the prohibitive elements in financial

and commercial activities. 5. Apply various types of transactions to their daily business activities. 6. Demonstrate the know ledge of various juristic opinions on commercial

transactions.

7. Apply Islamic transactions as alternatives to current business practices.

Indicative Content:

Introduction to Islamic Shariah

Introduction to Usul Fiqh

Hukm Shar’I (Shari’ah Rule), Its Classification and Pillars

The Sources of Sharia’

Definition of Wealth and Rights and its types

Theory of Ownership

Introduction and formation to Aqd

Classifications, Necessary conditions and classifications of Aqd

Negative elements in transactions

Sales Contract

Lease Contract

Contract of Agency and Deposit

Transactions involving debt

Contract of Partnership

Teaching Methodology: The Module is taught by a series of lectures. At the end of each Chapter a chapter review is given followed by a discussion and quiz.

Bibliography: BIBF Manuals


IF1102 - ISLAMIC ECONOMIC THOUGHT

Hours/Week: 4


1. Provide a conceptual introduction to Islamic Economics 2. Link the relevance of the Islamic world view to economic thoughts

and activity 3. Present an Islamic Economic methodology and to compare, where

possible with conventional methodology 4. Provide an overview analysis of the relevant features of an Islamic

economic system 5. Provide thorough understanding for students to the economic ideas

of Islamic Economic thinkers of throughout the rich Islamic history.

Learning Outcomes:

On successful completion of this module students will be able to:

1. Understand the importance of history of Islamic economic

thought especially in refuting the Schumpeterian thesis

“The Great Gap” in the history of economic analysis.

2. Understand the knowledge of the past Muslim scholars’

contribution in the area of economic ideas and thoughts.

3. Understand the differences between Islamic Economics

and its conventional counterpart, in terms of it’s world

view, methodology, systems, and other essential

categories

4. Appreciate the need for having and Islamic Economic

System in order to achieve the goal of maqasid al Shari’ah

Indicative Content:

Chapter 1. History of Islamic Economic thought

Chapter 2. Islam and its worldviews

Chapter 3. Al Sharia: Source of knowledge and action in Islam

Chapter 4. The Islamic Economic System

Chapter 5. Distribution and Islamic Economic Reforms

Chapter 6. Allocation of resources in Islamic economic System


The Module is taught by a series of lectures. At the end of each chapter, a chapter review is given followed by a discussion and quiz.

Bibliography: BIBF Manual


IF2103 - ISLAMIC COMMERCIAL BANKING

Hours/Week: 4


Enable students to understand the practical operations of Islamic commercial/universal banks, covering three distinct areas: retail, trade and corporate banking services.

Provide a detailed exposition of trade finance exercised by Islamic banks and the unique practical issues associated with undertaking such activities, including preparation and execution of documentation that complies with both international trade law and Shari’a.

Outline the contracts and processes utilized by Islamic financial institutions to offer banking services such as commitments and guarantees, foreign exchange and payment services.

Enable students to appreciate the dynamics of creating innovative products blending both consumer behaviour and Shari’a compliance paradigms

Learning Outcomes:

At the end of the course, participants will be able to do the following: 1. Appreciate the key functions of an Islamic bank as an intermediary,

in enabling trade finance, corporate finance and consumer finance 2. Understand the operational structure of Islamic banks as compared

to conventional banks 3. Understand the range and combination of Islamic contract

structures available to finance corporate and retail clients 4. Understand the types of products by which Islamic banks source

deposits and finance their client’s needs and the role of underlying Islamic nominate contracts in enabling such activities

5. Appreciate the role of risk management in developing products that comply with both Islamic and common law jurisdictions

6. Understand the needs of Islamic Financial Institution’s retail customers, including the ability to conduct market study, focus groups and historical patterns of consumer behaviour.

7. Be able to provide Islamic solutions and to design products for both corporate customers and retail customers including asset finance, working capital finance, construction finance, and equity injection.

Indicative Content

Introduction to commercial banking and Islamic commercial banking

Functions of an Islamic Commercial Bank

Islamic Commercial Bank Structure

Types Contracts in Islamic Commercial Bank

Risk Management in Islamic Commercial Bank

Islamic Consumer Behaviour

Product development in Islamic Commercial Banks and

History of Islamic Economic thought


Bibliography: BIBF Manual


IF2108 - ACCOUNTING AUDITING AND GOVERNANCE FOR ISLAMIC FINANCIAL INSTITUTIONS

Hours/Week: 4


This course provides the student with a clear understanding in the following areas of law:

Enable students to appreciate the need for distinct accounting, auditing and governance standards for Islamic financial institutions

Provide students a comprehensive overview of the governance and accountability dynamics of an Islamic financial institution, through student exposure on the need for and rationale of the governance mechanisms and rules associated with Islamic Financial Institutions

Provide students with a thorough practical grounding of the AAOIFI accounting standards, with a comparative analysis with IFRS standards, where applicable.

Enable students to apply the former standards to formulate and analyse the financial statements of Islamic Financial Institutions, while complying with Islamic governance norms and rules

Learning Outcomes:

At the end of this module, students should be able to:

Appreciate the rationale that underlies the conventional and Islamic accounting and governance systems, and apply the latter’s principles of ethical governance in Islamic Financial Institutions

Understand the comparative differences in the accounting treatments of nominate contracts under International Financial Reporting Standards and AAOIFI accounting standards, and later apply the latter to each type of Islamic nominate contract

Understand the scope of auditing in Islamic Financial Institutions

Understand the role, responsibilities and duties of the Shari’a supervisory board and the external auditor in an Islamic Financial Institution

Understand and be able to structure and present financial statements for Islamic Banks

Understand the disclosure expectations of stakeholders of Islamic Financial Institutions in order to present relevant disclosures targeted specifically towards their needs.

Indicative Content:

Introduction to Islamic Finance and Islamic Accounting

Objectives, concepts, and disclosure of financial accounting for Islamic Banks

Accounting recognition and measurement concepts for Islamic Banks

Introduction to the Accounting and Auditing Organization for Islamic Financial Institutions

General disclosures in the financial statements

Accounting for the different nominate contracts


Bibliography:

BIBF Teaching Material


IF2111 - ISLAMIC ACCOUNTING STANDARDS

Hours/Week: 4


Rationale

This course introduces the accounting framework, standards and

practices of Islamic banks. The accounting treatments of various Islamic

financial transactions and the importance of Islamic financial reporting,

regulations and audit practices are discussed. The course will also go

through corporate governance and ethics from an Islamic perspective

which is included in the AAOIFI accounting standards book.

Objectives

Enable students to appreciate the need for distinct accounting, auditing and governance standards for Islamic financial institutions,

Provide students a comprehensive overview of the governance and accountability dynamics of an Islamic financial institution, through student exposure on the need for and rationale of the governance mechanisms and rules associated with Islamic Financial Institutions

Provide students with a thorough practical grounding of the AAOIFI accounting standards, with a comparative analysis with IFRS standards, where applicable.

Enable students to apply the former standards to formulate and analyse the financial statements of Islamic Financial Institutions, while complying with Islamic governance norms and rules

Learning Outcomes:


Understand and explain the link between Islamic banking history, Islamic economics, Islamic banking and finance, with the specialist area of Islamic accounting

Articulate the knowledge of accounting and control standards applied in Islamic Financial Institutions

Understand and explain the need for and objectives of Islamic accounting and accounting for Islamic banks

Understand the accounting implications of Islamic banks in contrast to conventional banks and implement them into practice

Account for Islamic financial transactions related to the main Islamic nominate contracts that include Mudharabah, Musharakah, Salam, Murabahah and Ijarah

Understand what Corporate governance standards, ethics standards, and auditing standards which are applied for Islamic Financial Institutions

Indicative Content:

1. A recap on Islamic Banking history

2. A recap on the fundamentals of Islamic Banking

3. Introduction to Islamic Accounting

4. Overview of conventional and Islamic Financial Reporting

Framework.

5. Financial statements I: balance sheet and statement of restricted

investment

6. Financial statements II: income statement and accounting policies

on income determination

7. Investment accounts and profit distribution policy

8. Introduction to Murabaha, Murabaha to the Purchase Orderer,


Application of AAOIFI Shari’a & Accounting Standards

9. Introduction to Mudaraba, Application of AAOIFI Shari’a &

Accounting Standards Introduction to Musharaka, Application of

AAOIFI Shari’a & Accounting Standards

10. Introduction to Salam, Application of AAOIFI Shari’a & Accounting

Standards

11. Introduction to Ijarah, Application of AAOIFI Shari’a & Accounting

Standards

12. Auditing of Islamic financial institutions

13. Introduction to Corporate Governance, Islamic Corporate

Governance

14. Corporate Governance Standards for Islamic Financial Institutions

15. Introduction to ethics standards for Islamic Financial Institutions

Teaching Methodology: Students will attend a three-hour class a week, which will consist of a

combination of lectures, in-class exercises, case studies work, and group

discussions. Learning will be achieved through the use of regular

fortnightly home works, in-class exercises and quizzes. Case studies and

an individual project will enhance the concepts learnt. Lectures and in-

class exercises will focus on building the student’s knowledge and

understanding. Case studies and research assignment will focus on

building the student’s intellectual skills.

Bibliography:

BIBF Islamic Accounting, Auditing, and Corporate Governance, BIBF

Islamic Finance series

- Supplementary Text

- INCEIF Islamic Accounting, Auditing, and Corporate Governance,

Dr. Shahul Hameed Ibrahim

- CIMA Accounting for Islamic Financial Institutions, CIMA Diploma

in Islamic Finance Series

- AAOIFI Accounting, Auditing, and Corporate Governance

Standards, AAOIFI

- CIPA Preparatory workbook


ECO1102- MONEY & MACRO ECONOMICS

Hours/Week: 4


Provide the students with the principles of money and banking and the role money plays in the functioning of the macro economy.

To create an understanding among students of the functions, objectives and operations of commercial banks.

Provide the students with the tools and analysis related to money creation, monetary policy and its instruments, and how these relate to interest rates and the price level.

Learning Outcomes:

At the end of this module, the students would be able to:

1. Acquire the knowledge of the principles of money and banking and

how the process of money creation takes place through credit

expansion.

2. Understand the various issues related to demand & supply of money,

interest rates and how they are determined in the money market.

3. Acquire the knowledge of how monetary policy and its instrument are

applied in the economy as part of the central bank management of

the financial system

Indicative Content:

Principles of money and banking (LOC1)

An overview of the Financial System (LOC1)

Functions and forms of money (LOC2)

Demand for (and supply of) money(LOC2)

Operation and Management of Financial Institutions (LOC1 & 3)

Management and performance of deposits (LOC2)

Depository institutions and money supply (LOC2)

Central banking and monetary policy (LOC3)

Depository insurance, pension funds

Foreign Exchange Market and the International Financial System


Teaching will include lectures that will address the principles of the economics of money, banking and the financial markets. The lectures will be supported by quizzes and practical exercises and interactive discussions.

Bibliography:

Mishkin, Frederick, The Economics of Money, Banking, and Financial

Markets, Pearson- 8th edition.


ECO1103- MANAGERIAL ECONOMICS

Hours/Week: 4


Managerial Economics deals with the application of economic theory and methodology to decision-making problems faced by public, private and not-for-profit institutions. This course shows students how managers can bring together many aspects of economic theory and analytical tools from various fields of business administration to make business decisions. The goal is to show students how to combine the scarce economic resources of a business so that these resources are allocated in the most efficient manner and to enable them to maximize the value of their enterprise.

Provide the students with the basic concepts and principles of managerial economics

Enable the students to understand how to apply economic concepts and analytical tools to the management of private firms in a relevant business context

Learning Outcomes:


Provide the students with the basic concepts and principles of managerial economics

Enable the students to understand how to apply economic concepts and analytical tools to the management of private firms in a relevant business context

Indicative Content:

The course will be covered and explained in the following:

1. Introduction

What is managerial economics?

Firms and their goals

Review of mathematical concepts 2. Demand Analysis: Supply & Demand Theory

Market demand and supply

Determinants of Demand & Supply

Market equilibrium & comparative statics

The mathematics of supply and Demand

Deriving demand curve from demand functions 3. Demand Analysis: Elasticity

Price elasticity of demand

Mathematical examples & problems

The determinants of elasticity

Demand elasticity and revenue

Other elasticities of demand

Net or combined effect of elasticities Elasticity of supply

Mathematical examples and problems 4. Demand Estimation

Overview of regression analysis

Interpretation of regression results (simple and multiple regression

R-squared, Two-tailed t-tests

The F-test

The F-test

Mathematical examples and problems

Problems in use of regression analysis 5. Production Economics

Production functions


Total, average, and marginal product

Law of diminishing returns

Three stages of production

Optimal input use (single & multiple)

The long run and returns to scale

The estimation of production function

Functional Forms,

Cobb-Douglas Production function

problems & examples 6. Cost Analysis

Ideas and examples of explicit, implicit and opportunity costs, economic costs and profits

Relationship between production & costs

Short-Run Cost Functions & Forms

Long run cost functions,

Scale economies

Problems and Examples (selected)

Mathematics of short-run cost functions 7. Market Structure: Perfect Competition & Monopoly

Market structures and characteristics

Firm behavior in competitive markets

Normal & economic profit

Pricing and output decisions in competition

Competition problems and examples (selected)

Overview of monopoly markets

Pricing and output decisions in monopoly

Problems and examples: monopoly (selected)

Break-Even analysis 8. Market Structure: Monopolistic Competition and Oligopoly

Overview of monopolistic competition

Pricing and output decisions in monopolistically competitive markets

Overview of oligopolistic markets.

Market rivalry and mutual interdependence

Competing in imperfectly competitive markets 9. Special Pricing Practices:

Cartel arrangements

Price leadership

Price discrimination

Non- marginal pricing

Multi-product pricing


The course will be taught by a series of lectures supported by group discussions and assignments which would put an emphasis and develop the conceptual and analytical skills of the students.

Bibliography:

Paul G. Keat and Philip K.Y. Young, Managerial Economics: Economic Tools for Today’s Decision Makers, 6th Ed. Pearson


MGT1101 - PRINCIPLES OF MANAGEMENT

Hours/ Week: 4


Provide the students with the theoretical and applied aspects of managerial roles of leading, planning, organizing and evaluating events in the organization

Provide the students, with the basic concepts of management including developing strategies and the methods of enhancing performance

Enable the students to understand the basic issues in management

Furnish students with the basic principles of individual and team behavior in organizations.

Learning Outcomes:


1. Acquire the knowledge of the Principles of Management 2. Able to identify the components of effective management and the

managerial challenges 3. Understand the importance of managerial functions of leading,

planning, organizing and evaluating events in the organization.

Indicative Content:

The course will be covered and explained in the following: Chapter 1: Introduction to Management and Organizations Chapter 2: Management Yesterday and Today Chapter 3: Organisation Culture and Environment Chapter 4: Managing in Global Environment Chapter 5: Social Responsibility and Managerial Ethics Chapter 6: Managers as Decision Makers Chapter 7: Foundations of Planning Chapter 8: Strategic Management


Teaching will include lectures that will address the principles of management concept and theories. The lectures will be supported by actual case studies on the various components of management; The case studies and examples will generate discussion and will help in presenting the importance of the various concepts and theories of Management.

Bibliography:

Management by Stephen P. Robbins and Mary Coulter, Pearson International Arab World Edition. Prentice Hall

http://wps.pearsoned.ca/ca_ph_robbins_mmgt_8_9/87/22466/5751332.cw/index.html







IT1101 - MANAGING INFORMATION

Hours/ Week : 4


This course provides an introduction to information systems; it is primarily aimed at developing a solid foundation on information systems that can be used in future careers. The objective of the module is to provide individual the competency in the different types of information systems, how they contribute in achieving business goals, use information system as competitive advantage, learn current and future trends of information systems especially in the field of Financial services, advance their know-how on securing information systems and make them responsible users of information systems.

Learning Outcomes :

On completion of this module students will be able to demonstrate achievement of the following generic learning outcomes: 1. Enhance knowledge and understanding of foundation concept

relevant to information management. 2. Apply various theories and models through discussions, projects and

case studies. 3. Develop skills to analyse, and make decision using information system 4. Understand how to manage and secure information systems. 5. Explain the ethical and moral dimension of using information system 6. Write a case study on an existing business information system


Essential concepts on Information Systems: Information System, Information Technology and Impact of Information Systems

What is information System and its activities

Role of Information System in Business today

Understanding Information systems

Information Systems and your career Dimensions of Information Systems

Organization

Technology

People Types of Information Systems

Role of IS in business

Business Process

Transaction Processing system

Management Information system and Decision Support System

Executive Support Systems Functions of Information Systems in Business

The information systems department

Information systems services Information System for Competitive Advantage: IS strategies

Using IS for competitive advantage

Porter’s Competitive Forces Model

Strategies for dealing with competitive advantage How Information Systems Improve Quality

Reduce cycle time

Benchmark

Customer demands to improve products and services

Improve design quality

Production precision IT Infrastructure Components

Hardware, Software

Data Management

Network and telecommunications

Technology


Services Emerging Trends in IS Infrastructure

Hardware trends

Software trends

Managing Hardware and software technology Data and Information Management

Database management approach

Data warehouse Managing Data resources

Information Policy Data quality

Networking and telecommunication in IS

Networking and communication trends

Computer Network

Key digital Networking Technologies Telecommunication Media

Communication Networks

Types of networks

The global internet Information Systems Security Issues

System vulnerability

Internet vulnerability

Malicious Software

Software vulnerability Tools for protecting Information Systems

Access control

Firewalls

Encryption

Software quality Commerce and Internet

E-Commerce and Business technology

The Mobile Platform Ethical Issues of Information Systems

Ethics in information systems

Ethical Social and political issues raised by information systems

Basic concepts of ethical analysis

The five step ethical analysis Moral Dimensions of Information Systems

The five moral dimension s of information systems


This module would be taught by a series of lectures supported by practical hand on experience and practical assignments, one computer per student practical internet and other activities will be conducted.

Bibliography :

Essential of Management Information Systems, Kennet Laudon and Jane Laudon , 10th Edition 2013, Pearson


MKT2101 – PRINCIPLES OF MARKETING

Hours/Week: 4

Aims and Objectives

The aim of this module is to introduce candidates to the marketing function of an organisation; to help them recognise how the marketing function of an organisation applies strategies and tools of marketing for maximum practical and commercial gain. Theoretical marketing principles are covered with an emphasis on local market-based and financial-services related application.

Specifically this module focuses on defining marketingand the marketing process within an organisation, understanding the marketplace and consumers, designing a customer-driven strategy and mix. Also focus is put on pricing, communication and application of the promotional mix, and marketing channel management.

Learning Outcomes:


1. Define marketing and explain how companies create and capture customer value.

2. Explain marketing’s role in strategic planning and how marketing works with its partners to create and deliver customer value.

3. Describe the environmental forces that affect a company’s ability to service its customers and make marketing decisions.

4. Define the major steps in designing a customer-driven marketing strategy with a focus on segmentation, targeting, differentiation and positioning.

5. Define product and the major classifications of products and services.

6. Identify the characteristics that affect the marketing of a service and the additional marketing considerations that services require.

7. Describe the stages of the product life-cycle and its affect on marketing strategy.

8. Explain and discuss a company’s definition of its pricing strategy. 9. Define and discuss the five promotional mix tools and identify the

need for integrated marketing communications. 10. Explain the methods for setting the promotion budget. 11. Explain why companies use marketing channels and explain the

roles these channels perform.


Indicative Content

Chapter 1: Marketing: Creating and capturing customer value o Marketing defined and the steps in the marketing process o The importance of understanding customers and the

marketplace o The 5 central marketing concepts o The importance of relationships and relationship management

Chapter 2: Company and marketing strategy: Partnering to build customer relationships o Business portfolios and strategic planning o Marketing’s role in strategic planning and developing a

customer-driven marketing strategy o The marketing management functions

Chapter 3: Analysing the marketing environment o The marketing environment and its effect on marketing

decisions o Companies reaction to the marketing environment

Chapter 7: Customer-driven marketing strategy: Segmentation, targeting and positioning o Developing a customer driven marketing strategy o Segmentation, targeting, differentiation and positioning

Chapter 8: Products, services and brands: Building customer value. Product life-cycle from chapter 9 o Product and the major classifications of products and services o Branding strategy o The product life-cycle

Chapter 10: Pricing o Price setting and strategic pricing decisions o Price adjustment strategies

Chapter 11: Communicating customer value: Integrated marketing communications strategy o Promotional mix tools for communicating customer value o Integrated marketing communications o Methods for setting the promotional budget

Chapter 12: Promotion mix strategies: Advertising and public relations o Advertising, public relations o Personal selling

Chapter 13: Direct and online marketing: Building direct customer relationships o Direct and online marketing

Chapter 14: Managing marketing channels o Marketing channels and their functions o Channel members and alternatives o Retailers and wholesalers in the distribution channel

Teaching Methodology: The Module is taught by a series of lectures. At the end of each chapter a chapter review is given followed by a discussion.

Bibliography: Kotler, P., Armstrong, G, Tolba, A. and Habib, A. (2012), Principles of Marketing, Prentice Hall, Arab Ed.


MGT1102 - MANAGEMENT STRATEGY

Hours/Week: 4


Provide the students with the theoretical and applied aspects of managerial roles of leading, planning, organizing and evaluating events in the organization.

Provide the students, with the advance concepts of management including developing strategies and the methods of enhancing Business performance.

Enables the students to understand the issues in management fundamentals.

Furnishing the students with the basic principles of individual and team behavior in organization

Provide the students with various analysis tools of management.

Learning Outcomes:

At the end of this Module, the student would be able to: 1. Acquire the knowledge of the Principles of Management, Organization

and Management Strategy. 2. Able to identify the components of effective management challenges,

organizational behaviors & human resources. 3. Understand the importance of managerial functions of leading,

planning, organizing and evaluating events in the organization. 4. Introduce students to theories of managing teams & motivation.

Indicative Content:

The course will be covered and explained in the following: Chapter 1: Introduction to Management and Organizations Chapter 2: Management Yesterday and Today Chapter 3: Organization Culture and Environment Chapter 7: Foundation of Planning Chapter 8: Strategic Management Chapter 9: Organizational Structure and Design Chapter 10: Managing Human Resources Chapter 11: Managing Team Chapter 15: Motivating Employees


Teaching will include lectures that will address the principles of management and organization concepts and theories. The lectures will be supported by actual case studies on the various components of management. The case studies and examples will generate discussion and will help in presenting the importance of the various concepts and theories of Principles, Management & Organization and strategy.

Bibliography:



MGT2102 - MANAGEMENT AND ORGANIZATION

Hours/Week: 4


This course provides the student with the essential tools with which to evaluate issues relating to the effective management of organizations and their resources. It provides the student with improved understanding of the problems, to become a more flexible and effective manager. Effective management within organizations which are themselves changing is one of the biggest challenges facing the financial services professional of today.

Learning Outcomes:


Analyze and make reasoned judgments on a range of issues relating to strategic management of organizations within the context of the financial services environment

Critically evaluate approaches to the design of organizations and the management of human resources

Analyze and evaluate options relating to the organization of work, and the management of performance

Identify a range of managerial techniques and justify their application to a variety of organizational, group and individual situations.

Indicative Content:

The course will be covered and explained in the following: Chapter 9: Organisational Structure and Design Chapter 10: Managing Human Resource Chapter 11: Managing Teams Chapter 12: Managing Change and Innovation Chapter 13: Motivating Employees Chapter 14: Managers and Communication Chapter 15: Motivating Employees Chapter 16: Managing Change and Innovation


The Module is taught by a series of lectures. At the end of each Chapter a chapter review is given followed by a discussion.

Bibliography:



BAK2101 – BANK LENDING

Hours/ Week : 4


The course covers the principles of business lending; credit monitoring, control and recovery; types of borrowers and borrowings, risks associated with the differing types of businesses; security, kinds of security and concludes with the social responsibility of banks while lending

Learning Outcomes :

On successful completion of this module, students will be able to:

1. Define principles of lending 2. Classify risks in the lending world 3. Define the legal and regulatory environment 4. Define the legal and regulatory environment 5. Explain the purpose of financing 6. Classify the various forms of lending 7. List out the lending cycle 8. Define security 9. List the procedures for monitoring and control 10. Identify the social responsibilities involved in lending


Chapter 1: Basic Principles of Lending Chapter 2: Lending and the legal and regulatory environment Chapter 3: Types of borrowers Chapter4. The purpose of financing Chapter 5: Forms of Lending Chapter 6: The Lending cycle Chapter 7: Assessment of risk, Credit scoring and covenants Chapter 8: Security Chapter 9: Lending - Monitoring and Control Chapter 10: Lending and Social Responsibility


Students will attend two ‘two-hour’ sessions a week, which will consist of a combination of lectures, MCQs, in-class exercises, Case studies, group discussion and other group activities. Learning will be achieved through the use of regular weekly homework, in-class exercises and quizzes. Case studies and an individual project will enhance the concepts learnt. Lectures, MCQs, in-class exercises will focus on knowledge and understanding. Case studies and research assignment will focus on intellectual skills.

Bibliography : Principles of Lending by Nirmala Lee, Special Edition 2008 , Global Publishing UK


BAK2102 – RISK ANALYSIS

Hours/Week: 4


This course provides the student with a general introduction to the subject of risk and its relationship to the governance of companies, it then moves forward to provide an insight into risk aspects of the operations of customers as well as how risk might be handled within an organization for which they work, or have researched.

The course is designed to enable the student to understand and apply techniques of risk management available to commercial organizations faced with potential loss or the reduction of resources arising from various sources of risk.



Understand the nature of risk and its relationship to corporate governance

Be aware of the types of risk inherent in the operations of customers

Know how to handle risk within the organization

Be able to apply the techniques of risk management to circumstances affecting commercial organizations.

Be able to handle the potential adverse consequences of risk

Indicative Content:

10.1 Introduction

10.2 Credit Risk

10.3 Interest rate risk

10.4 Liquidity risk

10.5 Foreign exchange risk

10.6 Market risk

10.7 Country risk

10.8 Operational risk

10.9 Off Balance sheet risk

10.10 Capital risk and solvency

10.11 Interrelation of risks

11.2 General risk management

11.3 Credit risk management

11.4 Managing the lending functions

11.5 Managing the interest rate risk

11.6 Managing the liquidity risk

11.7 Managing market risk

11.8 International risk assessment


The Module is taught by a series of lectures. At the end of each chapter a chapter review is given followed by a discussion and quiz.

Bibliography:

Hull, John (2012) Risk Management and Financial Institutions’ Prentice Hall


ACC1103 – FINANCIAL MARKETS AND INSTITUTIONS

Hours/Week: 4


To help the student develop an understanding of the functions of different financial markets and institutions, the nature of global financial markets, the structure of different national financial systems, and the role played by banks. Candidates will also develop an appreciation of the role of market design in price discovery, an introduction to the theory of financial institutions, and an understanding of the rationale and nature of regulation in the financial markets.


On completion of this module the student should be able to: 1. explain the roles played by financial markets and institutions; 2. describe the design features of key securities markets; 3. explain the effects of market design on price discovery; 4. analyse the role of asset transformation in the management of liquidity and

risk; 5. describe the primary characteristics of banks and differentiate their role

from that of non-bank financial institutions; 6. discuss and explain the rationale for government intervention in the

functioning of financial markets and institutions; and 7. appreciate the fact that there being no unique method of solving problems

in the business environment.

Indicative Content:

Introduction to the financial system

The financial system and the real economy

Institutions (LOC2, LOC3, LOC5)

Deposit-taking institutions

Non-deposit taking institutions

Markets (LOC3, LOC5, LOC6)

The money markets

The capital markets

Interest rates

Foreign exchange markets

Exchange rate risk, derivatives markets and speculation

International capital markets

Government borrowing and financial markets

Financial market failure and financial crises

Regulation (LOC6)

The regulation of financial markets


The Module is taught by a series of lectures. At the end of each Chapter a chapter review is given followed by a discussion and quiz.

Bibliography:

Howells, P., and Bain K., 2007, Financial Markets and Institutions. 5th ed., Harlow, England: FT Prentice Hall. Further Reading: Mishkin, F. S., and Eakins S. G., 2008, Financial Markets and Institutions. 5th ed., Harlow, England: FT Prentice Hall.


ACC1104 – INTRODUCTORY MANAGEMENT ACCOUNTING

Hours / Week: 4


The aim of this introductory course is to introduce the student to the language of cost and managerial accounting; to act as a building block on which to build in the second year.

Learning Outcomes: (LOC)

Upon completion of this course the student will be able to:

1. Explain the nature and purpose of cost and management accounting 2. Discuss the purpose, classification and behavior of cost 3. Apply essential business mathematics for management accounting 4. Apply basic cost accounting techniques 5. Explain budgets and standard costing for planning, feedback and control 6. Apply management accounting techniques to make and support decision

making

Indicative Content

Nature and purpose of cost and management accounting (LOC1)

Introduction to management accounting Difference between cost, management and financial accounting

Purpose, classification and behavior of cost (LOC2) Production and non-production cost, Variable and fixed costs Direct and indirect costs Relevant and irrelevant costs

Cost accounting techniques (LOC4) Accounting for materials, labour and overheads Job and batch costing Process and joint costing Marginal and absorption costing

Management accounting techniques to make and support short term decision making (LOC6)

Cost volume profit analysis Relevant costing Limiting factors

Budgets and standard costing for planning, feedback and control (LOC5) Nature and purpose of budgeting Master budget and flexible budget Basic variance analysis under marginal and absorption costing Budget reconciliation

Teaching Methodology

The Module is taught by a series of lectures followed by discussion, case studies, videos and exercises.

Bibliography:

Drury Collin, Management and Cost Accounting, Chapman & Hall, 8th Ed.

Recommended learning resources:

Garrison R, Noreen E & Brewer P (2006), Managerial Accounting, McGraw-Hill

Journal of Management Accounting Research

Harvard Business Review: http://hbr.org

BIBF and Bangor University library reference material

Accounting journals and news papers

http://hbr.org/


ACC1105 - AUDIT & ASSURANCE AND CORPORATE GOVERNANCE

Hours/Week: 4

Aims and Objectives: To develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework

Learning Outcomes:(LOC)

On completion of this module a student will be able to: 1. Explain the nature, purpose and scope of assurance engagements including

the role of the external audit and its regulatory and ethical framework; 2. Explain the nature of internal audit and describe its role as part of overall

performance management and its relationship with the external audit; 3. Demonstrate how the auditor obtains an understanding of the entity and its

environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements;

4. Evaluate information systems and internal controls to identify and communicate control risks and their potential consequences, making appropriate recommendations;

5. Describe the work and evidence required to meet the objectives of audit engagements and the application of the International Standards on Auditing;

6. Explain how the conclusions from audit work are reflected in different types of audit report, explain the elements of each type of report;

7. Describe the elements of corporate governance and explain the need for it; 8. Write different types of report.

Indicative Content:

Audit Framework and Regulation [LOC1]

The concept of audit and other assurance engagements

Statutory audits [LOC1]

The regulatory environment and corporate governance [LOC1]

Professional ethics and ACCA’s Code of Ethics and Conduct [LOC1]

Internal audit [LOC 2]

Internal audit and corporate governance [LOC 2]

Differences between external and internal audit [LOC 2]

The scope of the internal audit function [LOC 2]

Outsourcing the internal audit department [LOC 2]

Internal audit assignments[LOC 2]

Corporate Governance [LOC 7]

Element of corporate governance [LOC 7]

Need for corporate governance [LOC 7]

Planning and risk assessment [LOC 3]

Objective and general principles [LOC 3]

Understanding the entity and knowledge of the business [LOC 3]

Assessing the risks of material misstatement and fraud [LOC 3]

Analytical procedures [LOC 3]

Planning an audit [LOC 3]

Audit documentation [LOC 3 & LOC 5]

Internal control and internal control systems [LOC 4]

Transaction cycles [LOC 3 & LOC 4]

Tests of control [LOC 3 & LOC 4]

The evaluation of internal control components [LOC 4]

Communication on internal control [LOC 4]

Audit evidence [LOC 4 & LOC 5]

The use of assertions by auditors [LOC 6]

Audit procedures [LOC 1]

The audit of specific items [LOC 1]

Audit sampling and other means of testing [LOC 5]

Computer-assisted audit techniques [LOC 5]

Review [LOC 1]


Subsequent events [LOC 1]

Going concern v Management representations [LOC 8]

Audit finalisation and the final review [LOC 1]

Reporting [LOC 8]

Audit reports [LOC 8]


Bibliography:

Millichamp, A. & Taylor J., 2012, 10 Ed. Auditing, Thomson Learning: London, UK Hayes, R, Dassen, R, Schilder, A, and Wallage, P 2002 Principles of Auditing: An introduction to International standards on Auditing, Pearson Education: London

IFAC 2011 Handbook of International Auditing, Assurance and Ethics Pronouncements


ACC1106 – ACCOUNTING INFORMATION SYSTEMS I

Hours/Week: 4

Aims and Objectives: To introduce the student to the conceptual foundations of accounting

information systems (AIS) and to the control and audit of AIS.

Learning Outcomes:(LOC)

On completion of this module, students should be able to:

1. Discuss the type of information that an AIS can provide and the processes through which that information can be provided

2. Describe the role of information systems in organisations 3. Describe business processes in terms of the basic transaction cycles 4. Describe the broad conceptual framework that constitutes an

accounting information system 5. Deal with (explain, describe, create tables in connection with, and

perform simple queries relating to) databases in connection with AIS 6. Apply systems documentation techniques and discuss these techniques 7. Deal with (explain, discuss) control and control issues in an AIS 8. Explain and perform the audit of computer-based information systems

Indicative Content:

Conceptual foundations of Accounting Information Systems o An overview of Accounting Information Systems o An Overview of transaction processing and enterprise resource

planning o Systems Documentation Techniques o Relational databases

Control and Audit of Accounting Information Systems o Computer Fraud and abuse techniques o Control of Accounting Information systems o Information Systems Controls: Information Security, Confidentiality

and Privacy, and Processing Integrity and Availability o Auditing Computer-based Information Systems


The Module is taught by a series of lectures. At the end of each Chapter a

chapter review is given followed by a discussion and quiz.

Bibliography:

Romney, M. B. and Steinbart P. J. (2012). Accounting Information Systems 12th

edition. Pearson Education Limited, Harlow, England


ACC2107 - INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING

Hours / Week : 4

Aims and Objectives : To assist the students increase their knowledge of financial accounting and

reporting by extending their first year work to cover published accounts,

international financial report standards (IFRS), groups and current issues.

Learning Outcomes (LOCs) :


1. Demonstrate an understanding of several topical issues of importance in accounting;

2. Convey an enhanced awareness of corporate governance, corporate social responsibility and the role of professional ethics in financial reporting;

3. Apply IFRS to a variety of specialised business transactions; 4. Prepare published financial statements for both single entities and

groups incorporating IFRS and other regulatory/legal requirements. 5. Critically analyse and interpret company/group financial statements.


Conceptual Framework The need for conceptual framework, understandability, relevance, reliability, comparability, measurement, true and fair view.

Accounting Theory Agency theory; efficient market hypothesis; economic consequences of accounting policy choice.

Group Accounting Fundamentals of group accounting; accounting for subsidiaries; the consolidated balance sheet; the consolidated income statement.

Specific Accounting Topics Accounting for construction contracts; accounting for leases and hire purchase; revenue recognition; accounting for borrowing costs; accounting for foreign currencies; accounting for related party transactions; accounting for provisions and contingencies; financial instruments.

Issues Facing the Professional Accountant Corporate social responsibility, corporate governance; ethical considerations facing the professional accountant.

Reporting and Assessing Financial Performance Accounting for non-current assets held for sale; accounting for discontinued operations; basic earnings per share; diluted earnings per share; other key ratios.

Current Issues in Accounting Earnings management (the case of Enron)


The Module is taught by a series of lectures and practical class activities. Formative assessment will be done throughout the semester.

Bibliography : Alan Melville (2012) International Financial Reporting, Pearson, 3rd edition

Gibson Charles H (2010), Financial Reporting & Analysis, using Financial Information, Cengage, 12th edition


ACC2108 – MANAGEMENT ACCOUNTING AND CONTROL

Hours / Week: 4

Aims and Objectives: To build on to what was developed during the introductory course, studied in the first year. The student will be assisted to develop higher level managerial accounting skills and appreciate the complexities involved in real life situations



1. Explain, apply and evaluate cost accounting techniques 2. Select and appropriately apply decision making techniques to evaluate

business choices and promote use of scare resources 3. Apply budgeting techniques, and evaluate alternative methods of

budgeting, planning and control 4. Use standard costing systems to measure and control business

performance and to identify remedial action 5. Assess the performance of business form both a financial and non-

financial viewpoint

Indicative Content

Cost accounting techniques o Activity, based costing, target costing and life cycle costing o Back-flush accounting and throughput accounting

Decision making techniques, business choices and the use of scare resources

o Multi limiting factors and use of linear programming o Pricing decisions o Make or buy and other short term decisions o Risk and uncertainty in decision making

Budgeting techniques and alternative methods of budgeting, planning and control

o Objectives o Budgetary systems o Types of budgets o Quantitative analysis in budgeting o Behavioral aspects of budgeting

Standard costing systems, business performance and remedial action o Budgeting and standard costing o Basic variance and operating statements o Material mix and yield variances o Planning and operational variances o Behavioral aspects of standard costing

Business performance o Scope of performance measurement and performance analysis

in different types of industries o Divisional pricing and transfer pricing o External considerations and behavioral aspects

Teaching Methodology: The Module is taught by a series of lectures followed by discussion, case studies, videos and exercises.

Bibliography:

Drury Collin, Management and Cost Accounting, Chapman & Hall, 7th Ed. Recommended learning resources:

Garrison R, Noreen E & Brewer P, Managerial Accounting, McGraw-Hill

Journal of Management Accounting Research http://aaahq.org/MAS/JMAR/JMAR.cfm

Harvard Business Review: http://hbr.org

BIBF and University of Wales library reference material

Accounting journals and news papers

http://aaahq.org/MAS/JMAR/JMAR.cfm

http://hbr.org/


LW2101 – BANKING LAW

Hours/Week: 4


This course is intended towards creation an understanding of banks, the laws applicable to various products and relationships in a bank and the role of the central bank

Learning Outcomes:

A. Knowledge and Understanding


1. Describe banks, main activities of a bank from a legal perspective, and laws pertaining to these activities

2. Define basic contracts and requirements of a contract 3. Describe the role of central banks, structure and objectives 4. Define undue influence, duress and third party behaviour 5. Define payment methods and describe discharging obligations 6. Describe loan sales and securitization

B. Intellectual Skills


1. Interpret the relationships, requirements, characteristics and responsibilities of a bank.

2. Explain specific banking products and the relationships from a legal perspective.

3. Define, classify and interpret bank customers and their relationships. 4. Differentiate between different types of customers and bank

customer relationship 5. Interpret banking contracts with customers and the contract terms 6. Describe and demonstrate the duty of confidentiality 7. Demonstrate understanding of terms in a facility extended by a bank. 8. Explain a security and the rationale behind it and describe the types of

security

Indicative Content:

Banking and Bank organisations

Law of contracts

Define Elements of a contract

Define Doctrine of estoppel

Discuss Requirements of a valid contract

Define Breach of contract and remedies

Define interbank relationships

Discuss the relationships, requirements, characteristics and responsibilities of a correspondent bank.

Discuss documentation and interpret terms

Describe the role of central banks, structure and objectives.

Define the instruments of monetary policy

Describe the duty of confidentiality.

Demonstrate the duty of confidentiality

Identify exceptions

Explain bank liability

Identify the requirements of care, skill, due diligence and good faith

Define the content of liability standards

Define undue influence, duress and third party behaviour.

Interpret lender liability and demonstrate requirements for a


work out and insolvencies

Define payment methods

Describe facility and its repayment

Define trade finance

List different instruments used in trade finance

Explain a security and the rationale behind it

Describe the types of security

Define international banking


Students will attend two hour session twice a week, which will consist of a combination of lectures, MCQs, in-class exercises, case studies, group discussion and other group activities. Learning will be achieved through the use of regular weekly homeworks, in-class exercises and quizzes. Lectures, MCQs, in-class exercises will focus on knowledge and understanding. Case studies and research assignment will focus on intellectual skills.

Bibliography: Ross Cranston, Principles of Banking Law, 2nd Ed. Oxford


FIN2101 - CORPORATE FINANCE

Hours/Week: 4


This course aims to assist the students acquire comprehensive understanding of corporate finance (financial management). It focuses on both theoretical and practical sides of corporate finance. The course will discuss the most important financial decisions of a firm, covering the recent developments in the field of corporate finance. It starts with capital budgeting techniques and theories explaining a firm’s capital structure, in particular, the choice between bank and financial market financing; it then proceeds to address issues related to dividend policy, capital restructuring and corporate governance.



1. Explain the basics of corporate finance, finance function and its relationship to business & identify the basic activities of financial manager.

2. Identify and differentiate the financial markets and their functions 3. Review the Financial statements to calculate, analyze and comment on

the ratios for decision making 4. Define and calculate operating cash flow and free cash flow 5. Discuss the cash planning to prepare and evaluate cash budget 6. Prepare the pro forma financial statements using simplified approach 7. Discuss and calculate the Time value of money 8. Describe interest rate fundamentals and calculate bond valuation and

YTM using the interest rates 9. Calculate the stock value using the different valuation models 10. Discuss and measure the risk of single assets and portfolio of assets 11. Define and calculate cost of capital 12. Explain the capital budgeting process and apply the techniques

Indicative Content:

Part one: Introduction to managerial Finance

o The role of environment o The purpose of Financial Management o Financial Objectives and relationship with corporate strategy o Financial Statement Analysis – the role of financial statements o Cash flow and Financial Planning Part two: Important Financial Concept

o The time value of money o Risk and return o Interest rates o Stock valuation Part three: Long Term Investment decision

o Capital Budgeting o Risk and refinements in Capital Budgeting Part Four: Long Term Financial Decision

o Cost of Capital o Leverage and Capital Structure o The Capital Asset Pricing Model (CAPM) o Dividend policy Part Five: Short- Term Financial Decisions

o Working Capital Management o Current Liabilities Management


Teaching Methodology: The Module is taught by a series of lectures. At the end of each Chapter a chapter review is given followed by a group discussion, individual reviews or case study analysis.

Bibliography:

Principals of Managerial Finance, Lawrence J. Gittman , Prentice Hall 12/Ed Other Texts: Brealey R., and Myers S. (1991), Principles of Corporate Finance, McGraw-Hill De Matos, Joao A. (2001), Theoretical Foundations of Corporate Finance, Princeton University Press Damodaran, A. (2001), Corporate Finance Theory and Practice, John Wiley Megginson, William L., (2001), Corporate Finance Theory, Addison & Wiley


ACC2109 – BUSINESS AND PROFESSIONAL ETHICS

Hours/Week: 4

Aims and Objectives: To provide the student with : the ability to critically analyse, evaluate and understand the ethical issues in business and accounting practice and to apply ethical considerations to business and accounting problems.

Learning Outcomes (LOC):


1. Discuss the nature of truth and knowledge in accounting; 2. Engage in discourse involving the language of theory of ethics including

concepts of duty, rights and justice; 3. Analyse and evaluate, using models if necessary, the ethical issues in

business and accounting practice historically and currently; and 4. Discuss the nature of professions and professionalism primarily within the

accounting profession.

Indicative Content:

Introduction to Philosophy (LOC 1) Concept of knowledge. Ways of knowing. The language of ethics: moral development; moral duty; responsibility; rights and justice; the relationship between morality and business; accounting ethics. Decision-making models (LOC 3) Ethics decision-making models. Professional Ethics (LOC 4) What is a profession? Public interest v self interest. Ethics and the business entity. Ethical and Professional Codes (LOC 4) Code of professional ethics. Need for a code. The professional ethics in accounting profession. Corporate codes of conduct. Contemporary Issues (LOC 3) Contemporary ethical issues in accounting and finance.



Bibliography:

Brooks L. J., 2007, Business & Professional Ethics for Directors, Executives and Accountants South-Western College Publishing: Cincinnati. USA Fisher C., and Lovell A., 2009, Business Ethics and Values: Individual, Corporate and International Perspectives, 3rd ed., Financial Times Press: London Robinson and Garratt 1999 Introducing Ethics Icon Books Ltd: London


ACC2110 – FINANCIAL STATEMENT ANALYSIS

Hours / Week: 4


The focus of the course is on integrating key concepts from accounting, finance and economics etc. areas and applying them to real world problems.

This course provides the students with a framework for business analysis and valuation using financial statement data; and gives students practical advice when using the financial statements from different perspective.

The course places emphasis on Illustrating the latest techniques and information sources used by professionals for financial analysis.

Learning Outcomes (LOs):


1. Understand and interpret financial statements and analyze them to gain a thorough understanding of the performance of an enterprise.

2. Apply the necessary skills to understand financial statements, assess the quality of accounting and identify any distortions of financial performance of an enterprise.

3. Define and measure net operating profit and invested capital 4. Discuss and recognise different ways to measure and evaluate growth 5. Recognize and calculate the importance of liquidity risk 6. Develop reliable forecast and prepare pro-forma financial statements 7. Differentiate and apply different approaches available for valuation 8. Measure the weighted average cost of capital

Indicative Content

Introduction to the Financial Statements and Valuation

How Financial Statements Are Used in Valuation

The Analysis of Financial Statement

Business Activities and Financial Statements

The Analysis of Profitability, Forecasting and Valuation

The Analysis of Growth and Sustainable Earnings

Analysis of the Quality of Financial Statements

Accounting Analysis and Valuation

The Analysis of Risk

The Analysis of Equity Risk

The Analysis of Credit Risk


Bibliography:

Financial Statement Analysis by Christian Peterson and Thomas Plenborg Penman Stephen H. (2009), Financial Statement Analysis and Security Valuation, McGraw-Hill Subramanyam, K. R. & Wild John J. (2008), Financial Statement Analysis, McGraw-Hill Higher Education


ACC2111 – ACCOUNTING INFORMATION SYSTEMS II

Hours/Week: 4


To enable students develop skills in Accounting Information Systems application through the use of a real accounting information systems package for a key project on the course. This will enable them to develop key employability skills; it will make them job-ready where the job requires the use of an accounting package.

Learning Outcomes:

On the completion of this module, students should be able to:

1. Process real data through a real accounting package (e.g. Peachtree). 2. Use the commercial accounting package, set up a company and its chart of

accounts, including sales, purchases, inventory, payroll, receivables and payables components.

3. Prepare Budgeted accounts and produce variance operating report, by processing the accounting data.

4. Produce financial statements, including Statement of Financial Position, Statement of Comprehensive Income, Statement of Changes in Equity and Statement of Cash Flows, through the use of accounting data.

5. Critically evaluate the commercial accounting package. 6. Discuss the implications of new IT developments, and changes in external

reporting requirements, for the design and operation of the general ledger and reporting system.

Indicative Content:

1. The usefulness and fit of the Accounting Information Systems 2. Accounting Information Systems Application

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

The Human Resource Management and Payroll Cycle

General Ledger and Reporting System 3. The Systems Development Process

Introduction to Systems Development; Systems Analysis

The design and operation of the general ledger and reporting system 4. New IT developments and changes in external reporting requirements. 5. Transactions processing and reporting using real (commercial) accounting

software. Critical evaluation of a real accounting package.


The Module is taught by a mixture of lectures and practical Lab sessions. Appropriate instruction will be interspaced with hands on work using the accounting package and/or other activities, including class discussions.

Bibliography:

Glenn Owen (2013), Using Peachtree complete for Accounting. South western –Cengage learning. Romney, M. B. and Steinbart P. J. (2012). Accounting Information Systems 12th edition. Pearson Education Limited, Harlow, England


ACC2112 – ADVANCED AUDIT AND ASSURANCE

Hours/Week: 4

Aims and Objectives: To analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.



1. Recognize the legal and regulatory environment and its impact on audit and assurance practice;

2. Demonstrate the ability to work effectively on an assurance or other service engagement within a professional and ethical framework;

3. Assess and recommend appropriate quality control policies and procedures in practice management and recognize the auditor’s position in relation to the acceptance and retention of professional appointments;

4. Identify and formulate the work required to meet the objectives of audit and non-audit assignments and apply the International Standards on Auditing;

5. Evaluate findings and the results of work performed and draft suitable reports on assignments; and

6. Discuss the current issues and developments relating to the provision of audit- related and assurance service.

Indicative Content:

Regulatory Environment o International regulatory frameworks for audit and assurance

services o Money laundering o Laws and regulations

Professional and Ethical Considerations o Code of Ethics for Professional Accountants o Fraud and error o Professional liability

Practice Management o Quality control o Advertising, publicity, obtaining professional work and fees o Tendering o Professional appointments

Assignments o The audit of historical financial information including: planning,

materiality and assessing the risk of misstatement , evidence, and evaluation and review

o Group audits o Audit-related services o Assurance services o Prospective financial information o Forensic audits o Internal audit o Outsourcing

Reporting o Auditor’s reports o Reports to management o Other reports

Current Issues and Developments o Professional, ethical and corporate governance o Information technology o Transnational audits o Social and environmental auditing




Bibliography:

Millichamp, A. Taylor J., 2008, Auditing, Thomson Learning: London, UK

Gray, I., Manson, S. 2007 The Audit Process, Thomson Learning: London

Hayes, R, Dassen, R, Schilder, A, and Wallage, P 2002 Principles of Auditing: An introduction to International standards on Auditing, Pearson Education: London

IFAC 2009 Handbook of International Auditing, Assurance and Ethics Pronouncements


LW2201 – BUSINESS AND COMMERCIAL LAW

Hours/Week: 4

Aims and Objectives: Business and Commercial Law knowledge and understanding are very important for someone aspiring to be a professional accountant, or indeed, one seeking a career in accounting and finance.

Learning Outcomes:

On successful completion of this module, participants will be able to: 1. Identify the essential elements of the legal system, including the main

sources of law 2. Apply the appropriate legal rules relating to the law of obligations 3. Explain the law relating to employment relationships 4. Apply the law relating to employment relationships 5. Distinguish between alternative forms and constitutions of business

organisations 6. Compare types of capital and the financing of companies 7. Explain the management, administration and regulation of companies 8. Recognise the legal implications relating to companies in difficulty or in crisis 9. Demonstrate an understanding of the legal elements of corporate

governance and ethics 10. Apply legal knowledge to cases in solving practical legal problems 11. Analyse situations 12. Evaluation situations 13. Communicate effectively 14. Present effectively 15. Work effectively in groups

Indicative Content:

A Essential elements of the legal system o Court structure o Sources of law o Human rights

The law of obligations o The law of contract: Formation, Content, Breach and remedies o The law of tort o Professional negligence

Employment law o Contract of employment o Dismissal and redundancy

The formation and constitution of business organisations o Agency law o Sole traders and Partnerships o Corporations and legal personality o Company formation

Capital and the financing of companies o Share capital o Loan capital o Capital maintenance and dividend law

Management, administration and regulation of companies o Company directors o Other company officers (including auditors) o Company meetings and resolutions

Legal implications relating to companies in difficulty or in crisis o Insolvency o Administration

Governance and ethical issues relating to business o Corporate governance o Fraudulent and criminal behaviour



The module is taught by a mixture of lectures, discussion, case studies and problem solving. Participants will attend as per the timetable produced for their period of study, and the lesson provided to them by their module tutor. As part of the delivery, students will be encouraged to solve problems and work on tasks in groups. In terms of the law, a conceptual approach based on English Law will be taken. Where relevant examples relating to specific country legislation will be given.

Bibliography:

Main Text Books: Jones, L. (2013) Introduction to Business Law. 3rd Edition, Oxford University Press.

Other useful references: Marson, J. (2013) Business Law (concentrate). 3rd Edition, Oxford University Press. Macintyre, E. (2013) Business Law. 6th Edition, PEARSON Education Limited. August, R. Mayer, D. & Bixby, M. (2013) International Business Law. 6th Edition, PEARSON Education Limited.

Riches, S. & Allen, V. (2013) Business Law. 10th Edition, PEARSON Education Limited. Mallor, J. Bowers, T. and Langvardt, A. (2013) Business Law. 5th Edition, McGraw-Hill Irwin.


QM1100- QUANTITATIVE METHODS FOR ACCOUNTANTS

Hours/Week: 4


To familiarize specially accounting diploma students with the concepts and techniques in statistics.

To develop the basic and advance skills of using statistical methods and tools.

Improve student’s abilities to understand and reasoning the statistical data relating to the financial services/ accounting environment.



Understand the use of statistical methods and tools in accounting, financial and economic analysis.

Grasp the type and techniques of statistical tools and the reasoning for their use.

Understand the use of Frequency Tables/Charts, Numerical Measures, Probabilities, Rules for Sampling, Regression, Time Series, Index Number and Chi Square

Indicative Content:

The course will be covered and explained in the following:

Introduction to Statistics

Frequency Tables/Charts

Numerical Measures

Describing Data

Survey of Probability Concepts

Discrete Probability Distribution

Continuous Probability Distribution

Sampling and Sampling Distribution

Statistical inferences: Estimation for single population

Hypothesis Testing

Simple Linear Regression Analysis

Multiple Regression Analysis : Computer Application

Chi Square


This module will be taught by a series of lectures, supported by a considerable class work on problem solving and application of various statistical tools to Data drawn from various published economic and financial reports. At the end of each Chapter a chapter review is given followed by a quiz.

Bibliography: Statistical Techniques in Business and Economics by Lind/Marchal/Wathen 14th

Ed McGraw Hill International Edition


IF2104- ISLAMIC INVESTMENT BANKING

Hours/Week: 4


Provide students a thorough understanding of the practical operations of Islamic investment banks

Enable srudents to uunderstand the different types of investment banking models available, the quantitative and qualitative tools utilised by investment bankers for particular investment classes and the investment process in Islamic investment banks

Enable students to understand suitable investment strategies for asset classes such as real estate, corporate investment, venture capital and project finance



Appreciate the key functions of an Islamic Investment bank as an intermediary between high net worth and institutional investors and viable long term projects

Understand the operational structure of Investment banks and the range of investment banking operations available

Understand the range and combination of Islamic contract structures available for Islamic Investments

Understand the peculiar features of the types of investments strategies/modes of investment that are the domain of Islamic investment banks, including real estate, project finance, venture capital and private equity.

Be able to execute the quantitative and qualitative analysis associated with assessing investments in real estate, project finance, private equity and venture capital.

Be able to structure Shari’a based financing, while minimizing the risks for the investor and achieving the substance of Islamic Financing.

Indicative Content:

Introduction to Investment Banking and Islamic Investment banking

Functions of an Islamic Investment Banks

Islamic Investment Bank Structure

Types Contracts in Islamic Commercial Banks

Features of Islamic Investment Banks and Its Investment Strategies

Qualitative and Quantitative Analysis in Investment Assessment

Structuring Shari’a based Financing



Bibliography: BIBF Islamic Investment Banking Core Book


IF2105- ISLAMIC TREASURY, RISK MANAGEMENT AND CAPITAL MARKETS

Hours/Week: 4


Provide an overview of Islamic treasury, risk management and capital market operations, while ensuring that participants are given the necessary competence and skill set to structure and document risk management instruments and capital market products.

Provide an overview the Islamic equity market products such as IREITs and Islamic Mutual Funds, including its features, structure, Shari’a foundation, and mechanisms.

Provides a detailed exposition of the specific risks unique to Islamic financial institutions, and how all risks (including those that are not unique to IFIs) are mitigated/can be mitigated within the parameters of Shari’a.

Provide an understanding of a number of unique and innovative risk management products such as Islamic profit rate swaps, Islamic foreign exchange options and Islamic hedging mechanisms.

Provide a detailed explanation of the developments in Islamic capital markets and contemporary issues related to Sukuk issuance and trading.



Overview of global Islamic Capital Market developments

Essential Shari’a principles governing the Islamic Capital Markets

Islamic Bonds, Sukuk, and Islamic asset-backed securities

Islamic equity screening criteria

Mutual funds/unit trusts

Introduction to Treasury and Islamic Capital Markets

Islamic-structured products and derivatives

Products used for Liquidity management purposes


The financial and operational risks of Islamic financial institutions

Risk management from an Islamic perspective

The types of risk in Islamic financial institution

Key components in Risk management for Islamic financial institutions

Indicative Content:

Overview of global Islamic Capital Market developments

Essential Shari’a principles governing the Islamic Capital Markets

Islamic Bonds, Sukuk, and Islamic asset-backed securities

Islamic equity screening criteria

Mutual funds/unit trusts

Introduction to Treasury and Islamic Capital Markets

Islamic-structured products and derivatives

Products used for Liquidity management purposes


The financial and operational risks of Islamic financial institutions

Risk management from an Islamic perspective

The types of risk in Islamic financial institution

Key components in Risk management for Islamic financial institutions



Bibliography: BIBF Islamic Treasury and Capital Market Core Book


IF2106- ISLAMIC INSURANCE- TAKAFUL

Hours/Week: 4


To provide detailed knowledge of the operation modes and practice of Islamic insurance Nature and principles of Islamic insurance , framework of Islamic insurance ,Structure of Islamic insurance markets

Constraints and opportunities for Islamic insurance and Islamic insurance accounting



Explain the main features of Islamic contracts

Explain why traditional insurance is prohibited from the Shari’a point of view (scholarship objections)

Distinguish and compare between Islamic and conventional insurance

Demonstrate the Islamic insurance operational modes applying in different countries

Discuss the managerial and corporate governance aspects of Islamic insurance company, including Shari’a board’s roles and responsibility

Understand the Technical management aspects and acceptable underwriting policy from a Shari’a point of view.

Explain the constraints and opportunities for Islamic insurance

Discuss the ethical framework of Islamic insurance

Indicative Content:

An Introductory and History of Insurance

Negative elements that should be avoided in Insurance

Islamic Investment Bank Structure

Operational Management of insurance, both Islamic and Conventional

Loss insurance and Life Insurance

Underwriting, policy and Premium

Claims, Re insurance and Re takaful

The aspect of management and corporate governance in Islamic Insurance

The future of Islamic Insurance

The ethical framework of Islamic Insurance





IF2107- BANKING BUSINESS AND TRUST LAW

Hours/Week: 4



Basic introduction on the different legal systems implemented in different

countries;

General principles of company law as found in the Bahrain Commercial

Companies Law 2001;

Basic principles of banking law with a particular focus on the banker-

customer relationship, the duties and obligations of banks, types of

customers, payment and payment systems (such as cheques and

promissory notes) and banking regulations in Bahrain;

Basic principles of Islamic banking, the importance of risk in Islamic

banking and the current Islamic banking regulations in Bahrain;

Documenting a loan: commitment letter, term sheet and facility

agreements;

General idea on LMA standard base loan agreements;

Different types of banking facilities;

Different types of securities that a bank can request from its customers;

The role of an agent bank in syndicated conventional and Islamic facilities

General principles of insolvency- composition laws in Bahrain;

The trusts laws in Bahrain including the financial trusts laws

The Islamic principle of Waqf



Demonstrate a clear understanding of the legal principles governing the provision of financial services

Explain and discuss the legal framework and definitions of the banker/ customer relationship

Demonstrate a detailed understanding of the legal issues affecting types of customers

Explain and discuss the legal rules and duties relating to paper and electronic payments system and the clearing system, with reference to the Banking Code and the Consumer Credit Act

Summarize and discuss issues and impact of insolvency, including individual and corporate arrangements

Understand a basic LMA loan agreement and its contents (facility information, representations, undertakings, events of default, conditions precedent, etc)

Explain and understand the different types of banking facilities and helping customers identify which type of facility is required for their mode of financing

Discuss the general principles of security sought by lenders, and demonstrate an understanding of the legal implications of the different types of security in respect of individuals and/or companies

Make sound business decisions based on knowledge and understanding of the legal principles, and apply such knowledge to the day to day financial services environment

Apply case law where relevant

Indicative Content: Introductory Principles

Commercial Companies Law 2001


The banker customer relationship and the rights and duties of each party

Licensing requirements imposed by the Central Bank of Bahrain

Types of customers

Cheques, promissory notes, bills of exchange, documentary credit and

account

Insolvency

LMA loan agreements

Different types of banking facilities (term, revolving and overdraft

facilities)

Different types of securities (guarantee, mortgage, assignment of

accounts, assignment of insurance proceeds, etc)

Importance of risk in different Islamic transactions such as Murabaha,

Mudaraba, Musharaka, Ijarah, Salam, etc.

Bankruptcy and composition laws

Financial Trust Law 2006





IF2110- SHARIA’A AUDIT AND COMPLIANCE

Hours/Week: 4



Understand the role of Shari’a Auditing in a manner that emphasizes the strength and reliability of the internal control system and the importance of internal Shari’a control systems

Test and identify whether Shari’a principles have been complied with



Understand the role and responsibilities of Shari’a Auditors and compliance officers

Understand Shari’a requirements in Islamic finance products and Islamic finance operations

Relevant laws in relation to audit, regulations, guidelines, standards issued by regulators and standard setting bodies

Governance structure of Islamic financial institutions in relation to Shari’a

Applying Shari’a opinions in the Audit process

Acquiring basic audit knowledge methods and approaches of developing Shari’a compliance/audit manuals and planning

Understanding the procedural guide for executing operations

Understanding the role of Hisbah in Islam

Shari’a Audit reporting

Resolving common Shari’a issues, challenges and non-compliance

Indicative Content:

Applying Shari’a Opinions in Audit Process

Relevant Laws in Relation to Audit Regulations, Guidelines, Standards Issued by Regulators and Standard setting Bodies

Governance Structure of Islamic Financial institutions in Relation to Shari’a

Role and Responsibilities of Shari’a Auditors and Compliance Officers

Understanding Shari’a Requirements Islamic Finance Products and Islamic Finance Operations

Understanding Shari’a Requirements in Legal Documentation

Understanding Relevant Accounting Standards

Resolving Common Shari’a Issues, Challenges and Non-Compliance

Acquiring Basic Audit Knowledge methods and Approaches of Developing Shari’a Compliance Audit Manuals

Role of Hisbah in Islam





BAF 100- INTRODUCTION TO BUSINESS AND FINANCE

Hours/Week: 4

Aims and Objectives: To provide students with background knowledge of business, its role, its forms of ownership and a general understanding of business major functions: management, marketing, accounting and finance.


A. Knowledge and Understanding On successful completion of this module, students will be able to: 1. Explain what is business and its role in the economy. 2. Identify and compare the basic forms of business ownership. 3. List the major functions of management and marketing in the context of a

business. B. Intellectual Skills

On successful completion of this module students will be able to: 1. Explore and evaluate the external and internal influences on business

activity 2. Evaluate the role of Accounting in managing business. 3. Evaluate the role of Finance within business organization.

Indicative Content:

Introduction o Classification of production and commercial sectors of economy o Type of Businesses by economic activity Forms of Business by ownership, features and types o Ownership: individuals, employees, franchise, holding company,

multinational, shareholders, taxpayers, financial institutions etc o Forms of business by size, sector, legal status etc Business Environment o Internal Business Environment (Employees, Shareholders, Board of

Directors) o External Business Environment (Customers, Suppliers, Competitors—

Micro Environment) o External Environment (Economic Environment) o Technological Environment o Social, Cultural, Political Environment Marketing and Management in a Business Environment o Meaning of Marketing, markets and their classification o Developing the basics of marketing strategy for business: 4 Ps of

Marketing (Marketing Mix) Accounting for Business o Importance of Accounting Information to business o Function of Accountants o Basic Accounting process and equation Basic Finance in Business o Financial statements o Cash management o Budgeting o Banking o Investing o What are Financial Markets and types? How do they facilitate

business? Financial Institutions like Banks and Insurance companies and their role in business Other current issues


Students will attend two one and a half-hour sessions a week, which will consist of a combination of lectures, case studies, in-class exercises, group discussion and other group activities. Learning will be achieved through the use of regular weekly home works, in-class exercises, quizzes and self-directed individual study. Lectures, home works, in-class exercises and quizzes will focus


on achievement of learning outcomes 1, 2, and 3. Case studies and group discussions will address learning outcomes4, 5 and 6

Bibliography:

Bovee, Courtland and Thill, John V. (2012) Business in Action: International Version, 5th edition, Pearson Higher Education

Recommended Reading:

Casu, Barbara, Girardon, Claudia and Molyneux, Philip (2006) Introduction to Banking, (London): Prentice Hall

Robbins, S. (2008) Fundamentals of Management, 5th edition, Pearson Education

Stoner, James A.F., Freeman, A. Edward and Gilbert, Daniel R. (2006) Management, 6th edition, Prentice Hall

Wood, Frank and Sangster, Allan (2009) Business Accounting 1, 11th Edition, (Essex): Prentice Hall, Financial Times


MAT 100- INTRODUCTION TO MATHEMATICS FOR BUSINESS AND FINANCE

Hours/Week: 4


The aim is to provide students with knowledge of mathematical tools and techniques required for solving business related problems. This module focuses on numerical skills students will need in Years I and II of the diploma, and in particular give them a sound preparation for all quantitative courses in year I.


A. Knowledge and Understanding On successful completion of this module, students will be able to: 1. Explain the use of basic algebra and arithmetic, including formulae and

ratios, order of operations, percentages, proportions, significant figures and decimal places.

B. Intellectual Skills On successful completion of this module students will be able to: 1. Solve simple equations including simultaneous and quadratic equations 2. Solve basic matrix algebra problems 3. Calculate simple and compound interest, with discrete and continuous

compounding to solve business related problems. Use geometric progression series for calculating interest rates

4. Use basic linear programming techniques to solve business related problems

5. Create and interpret graphs for equations, interest rates and linear programming using MS Office Excel package.

Indicative Content:

Working with numbers: four basic arithmetic operations, fractions, decimals and percentages, rounding off using decimals and significant figures.

Solving equations: simple linear equations, using simultaneous and quadratic equations in business related problem solving.

Matrices: matrix notation, matrix arithmetic - addition, subtraction and multiplication, using matrices to solve simultaneous equations

Finance and performance: measures of performance, using time value of money concepts: present value and future value with discrete and continuous compounding, Mortgages, annuities and sinking funds

Planning with linear programming: what is linear programming, constrained optimisation, formulation of a problem, sensitivity of solution to changes

Drawing graphs: graphs on Cartesian co-ordinates, quadratic equations, polynomials and exponential curves, using graphs to solve linear programmes.


Students will attend two one and a half-hour sessions a week, which will consist of a combination of lectures, MCQs, in-class exercises and case studies. Learning will be achieved through the use of regular weekly home works, in-class exercises, and quizzes. While lectures, MCQs and in-class exercises will focus on ILOs1-5, case studies will focus on ILOs 5 & 6.

Bibliography:

Waters, Donald (2011) Quantitative Methods For Business, 5th Edition, Prentice Hall

(Chapters 1,2,3,8,11 and 12)

Lial, M., Hornsby, J. and Schneider, D., (2011) Essentials of College Algebra, 10th Edition, Pearson Education.


BEN 100- BUSINESS ENGLISH

Hours/Week: 4


To ensure that students have the necessary English language skills, both oral and written, to be able to function effectively and with confidence in an English medium academic environment.


A. Knowledge and Understanding On successful completion of this module, students will be able to: 1. Communicate in English, using appropriate technical business language, to a range of

audiences, both orally and in writing, using accurate grammatical structure, spelling and punctuation.

2. Use a variety of reading techniques, including skimming/scanning, predicting, reading for gist, reading intensively and recognizing vocabulary in context.

3. Listen for a variety of purposes including: gather information, participate in a discussion, form an opinion, understand information and improve listening skills.

4. Analyze and discuss a range of contemporary business issues, working in groups to develop techniques including persuasion, negotiation, prioritizing and problem-solving and to make informed judgments.

5. Select and apply appropriate business writing styles in various contexts, including press releases, business memos, faxes and letters.

B. Intellectual Skills

On successful completion of this module students will be able to: 1. Analyze and discuss a range of contemporary business issues, working 2. in groups to develop techniques including persuasion, negotiation, prioritizing and

problem-solving and to make informed judgments. 3. Select and apply appropriate business writing styles in various contexts, including report

writing, press releases, business letters and writing business proposals.

Indicative Content:

(From key text Intelligent Business)

Unit Reading Language Vocabulary Career Skills Dilemma / Decision

1. Alliances Spring in their steps

Review of tenses

Definitions

metaphors

Building relationships

Breaking the ice

2. Projects Up, up and away

Articles Synonyms, projects

Setting goals Test crisis

3 Team working

Think before you meet

Modal forms Collocations Team building Leading the team

6 Advertising The harder hard sell

Gerunds & Infinitives

Definitions, collocations

X Danger zone

7 Law People vs the USA

Passive Definitions, synonyms

Negotiating Beauty & business

9 Investment Freud, Folly & Finance

Emphasis Definitions

Prefixes

Prioritising Status & Society

Your money or your reputation?


Students will attend two, two hours sessions a week. Learning outcomes 1 to 5 will be achieved through the use of regular homework, in-class exercises, and self-directed individual study. The majority of classroom hours will be devoted to guided / independent practice exercises / activities to develop students’ skills in listening, speaking, reading and writing.

Bibliography: Trappe, T. and Tullis, G., (2006) Intelligent Business Upper Intermediate, (Harlow): Pearson Longman


ACS 100- ACADEMIC STUDY SKILLS

Hours/Week: 4


To ensure that students have the necessary academic study skills that will enable them to function efficiently and with confidence in an English medium academic environment. To develop and encourage a proactive, independent approach to academic study.


A. Intellectual Skills


1. Carry out independent research using a range of sources. 2. Appraise the appropriateness and validity of sources, extracting and

summarizing key ideas and concepts. 3. Use written expression that conveys appropriate meaning, incorporating

other sources using appropriate attribution techniques and avoiding plagiarism.

B. Transferable skills On successful completion of this module the students will be able to: 1. Construct a clear and coherent argument, taking account of a range of

factors, including alternative points of view and proposed courses of action, to make well-reasoned decisions and recommendations.

2. Manage their time effectively for study: taking lecture notes, retrieving information from various sources, preparing for examinations, structuring essays and assignments.

3. Read and analyse case studies efficiently.

Indicative Content:

Academic Reading Skills o Skimming; scanning; reading for gist; prediction

Academic Writing Skills o Outlining; essay formatting and writing

Research Skills o Print and electronic searches

Evaluating print and electronic sources

Academic Integrity / Avoiding plagiarism o Citing; paraphrasing; summarising

Features of arguments o Argument and explanation; hidden assumptions

Identifying sound and unsound arguments o Soundness and validity; leaps of logic; cause / correlation

Challenging arguments o Identifying bias; identifying fallacies; framing counter arguments


Students will attend two, two hour sessions a week. Learning will be achieved through the use of regular homework, in-class exercises, and self-directed individual study. Lectures, homework and in-class exercises will focus on the achievement of learning outcomes 1, 2, 3 and 6; individual study and group discussions will address learning outcome 4.

Bibliography:

1. Butterworth, J.; Thwaites, G. (2012) Thinking Skills Cambridge Cambridge University Press

2. Cotterell, S. (2008) The Study Skills Handbook 3rd Edition Basingstoke Palgrave Macmillan

3. Savage, Alice Effective Academic Writing 3, 2nd Ed. OUP 4. G. Marion , (2013) English for Presentations, Oxford


STA 100- INTRODUCTION TO STATISTICS

Hours/Week: 4

Aims and Objectives: This course is intended towards developing the statistical skills students will need in Years I and II of the Diploma, and in particular give them a sound preparation for Quantitative Methods.


A. Knowledge and Understanding On successful completion of this module, students will be able to:

1. Describe the nomenclature, uses and misuses of inferential and descriptive statistics.

B. Intellectual Skills On successful completion of this module students will be able to:

1. Create and interpret different distribution graphs in the context of economics and finance related data.

2. Calculate and interpret measures of central tendency and dispersion and apply them in analyzing economic and finance related data.

3. Calculate and interpret probabilities and properties of probability distributions for solving problems.

4. Distinguish between sample and population and apply sampling techniques for data analysis.

5. Apply statistical tools such as index numbers to finance and economics related data.

Indicative Content:

Outline Syllabus

What is statistics: definition of statistics, importance of statistics

Inferential and descriptive statistics: what is meant by inferential and descriptive, the differences between the two, importance of both types with examples

Variables: types and levels of measurement: nominal, ordinal, interval and ratio levels

Descriptive statistics: frequency tables and distributions, graphs: bar charts, histogram, frequency polygon and pie charts

Descriptive statistics: numerical measures, measures of central tendency: mean, median, quartiles, percentiles, mode

Descriptive statistics: measures of dispersion: range, mean absolute deviation, variance and standard deviation, interpretation and uses of standard deviation.

Overview of probability concepts: what is probability, classical, empirical and subjective probabilities, general and special rules of addition and multiplication, developing and interpreting contingency tables, expectations theory and applications.

Index numbers: what is index, weighted and unweighted indices, special-purpose index: CPI, PPI, DJIA & S & P 500


Students will attend two one and a half-hour sessions a week, which will consist of a combination of lectures, MCQs, in-class exercises, case studies, group discussion and other group activities. Learning will be achieved through the use of regular weekly home works, in-class exercises and quizzes. Case studies and an individual research assignment will enhance the concepts learnt. Lectures, MCQs, in-class exercises will focus on ILOs 1-5. Case studies and research assignment will focus on ILOs 2-6.

Bibliography: Lind-Marchal-Walhen, Statistical Techniques in Business and Economics. 15th ed, McGraw Hill


PWP 100- PROJECT WRITING AND PRESENTATION SKILLS

Hours/Week: 4

Aims and Objectives: To ensure that students have the ability to produce academic work such as essays, projects and presentations of satisfactory quality and to develop and encourage a proactive, independent approach to academic study.


On successful completion of this module, students will be able to: 1. Identify and select an appropriate topic for an extended piece of research. 2. Undertake extensive research, using a range of sources. 3. Critically evaluate the evidence, identifying supporting and opposing

positions, and distinguishing between sound and unsound arguments. 4. Plan and deliver effective presentations and manage question and answer

sessions. 5. Use communication skills and supporting tools for effective

presentations. 6. On successful completion of this module, students will be able 7. Plan, develop and execute an extended piece of academic writing on the

topic of their choice, using appropriate attribution techniques and avoiding plagiarism.

8. Construct, develop, articulate and defend a coherent line of argument, from initial assumptions through to final conclusions, and present their conclusions both orally and in writing.

Indicative Content:

(Continued from Academic Skills)

Academic research techniques: o Print, electronic

Evaluating print and electronic sources

Avoiding plagiarism o Citing; paraphrasing; summarising

Academic essay writing skills o Brainstorming; outlining; drafting; editing

Presentation skills

Project writing skills

Identifying argument flaws o Unsound arguments; identifying bias; argument fallacies

Challenging arguments o Framing counter arguments

Critique of arguments, essays o Critiquing for format, tone, structure


Assessment will reflect the main task of the course, namely the preparation and writing of a project, followed by a presentation of the project work. Marks will be awarded for the successful completion of each step in the project writing process as detailed below. Feedback will be given after completion of each stage, and on participation. Participation will be assessed according to ILO’s 3 – 7.

Bibliography:

1. Butterworth, J.; Thwaites, G. (2012) Thinking Skills Cambridge Cambridge University Press

2. Cotterell, S. (2008) The Study Skills Handbook 3rd Edition Basingstoke Palgrave Macmillan

3. Savage, Alice Effective Academic Writing 3, 2nd Ed. OUP 4. G. Marion , (2013) English for Presentations, Oxford


ECO 100- INTRODUCTION TO ECONOMICS

Hours/Week: 4


To provide students with a more general introduction to the concepts and principles of economics, in preparation for the more specialized introductory micro- and macroeconomics modules in Year I of the Diploma.


Knowledge and Understanding


1. Explain the concept of scarcity and the role of economics in consumption and production activities.

2. Explain the basic model of supply, demand and equilibrium in both words and diagrams, and use the model to describe, analyze and predict economic behaviour.

Intellectual Skills On successful completion of this module students will be able to: 1. Apply basic concepts in microeconomic and macroeconomic theories to

solve numerical and graphical problems in economics. 2. Distinguish between different forms of money and its functions. 3. Distinguish between macroeconomic policies and tools used by

governments.

Indicative Content:

Principles of economics – basic economics problems, opportunity cost and production possibility curve

How markets work – demand and supply analysis, calculation of elasticity of demand

Different market structures – price and output determination in different market structures like perfect competition, monopoly, monopolistic competition and oligopoly

Data of macroeconomics - unemployment, inflation, GDP

Money and monetary system – functions of money, money and inflation, introduction to the central bank

Aggregate demand and supply – meaning and graphical representation of aggregate demand and supply

Macroeconomic policies – fiscal policy, monetary policy and supply side policies

Debates over macroeconomic policies – policy conflicts


Students will attend two one and a half-hour sessions a week, which will consist of a combination of lectures, case studies, in-class exercises, group discussion and other group activities. Learning will be achieved through the use of regular weekly home works, in-class exercises and quizzes. Lectures, home works, in-class exercises and quizzes will focus on achievement of learning outcomes 1 and 2. Case studies and group discussions will address learning outcomes 3, 4 and 5.

Bibliography:

Parkin, Michael, (2012) Economics, (Global 10 th Edition), Pearson Mankiw, Gregory N., (2007) Principles of Economics, (4th Edition), South Western Educational Publishing.


ETH100- BUSINESS ETHICS

Hours/Week: 4


This module aims to give students a basic knowledge of the principles of business and personal ethics. This will enable them to develop the tools by which they can distinguish between ethical and unethical behaviour. Students will develop an understanding of the importance of having a positive personal work ethic, and of conducting business in an ethical manner.


A. Knowledge and Understanding On successful completion of this module, students will be able to:

1. Define ethics and ethical behaviour.

2. Identify and describe the rules by which the ethics of business behaviour are determined.

3. Describe the role of the legal and regulatory framework in relation to ethical business behaviour.

4. Describe the behaviours that constitute a personal work ethic and explain the role of personal integrity in the workplace.

B. Intellectual Skills On successful completion of this module students will be able to:

1. Identify and predict the consequences of both ethical and unethical business behaviour.

2. Apply the ground rules developed earlier in this module to basic ethics problems and dilemmas.

Indicative Content:

Chapter 1: The Language of Ethics

Chapter 2: Sources of Ethical Problems and How to Prevent Them

Chapter 3: Ethics, Stakeholders, Corporate Strategy and Value Creation

Chapter 4: Business Ethics in the Global Market Place

Chapter 5: Leadership

Chapter 6: Marketing and Operations

Chapter 7: Finance and Accounting

Chapter 8: Management

Chapter 9: Environmental Sustainability and its Challenges to Management

Chapter 10: Managing on the Ethical Frontier


Students will attend two one and half hour sessions a week, which will consist of a combination of lectures, cases studies, in-class exercises, group discussion and other group activities. Learning will be achieved through the use of regular, in-class exercises and quizzes and self-directed individual study. Lectures, home works, in-class exercises and assignment will focus on achievement of learning outcomes 1, 2, 3 and 4. Case studies and group discussions will address learning outcomes 5 and 6.

Bibliography:

Business Ethics by Andrew Crane and Dirk Matten, 3rd Edition (Publisher is Oxford)


Student Guidelines

Introduction

Upon successful completion of the Diploma programme, students may choose to proceed to the BA/BSc Honours Degree by attending one year of study at the Bangor University or may continue the programme at BIBF in Bahrain (available from Sept 2015 subject to validation). Upon completion of the prescribed courses, a student graduates in Banking and Finance or Accounting and Finance or Business Studies and Finance. This programme aims at providing the same required undergraduate knowledge for students enrolled in the programme as any students enrolled at the Bangor University.

Transfer Students Where an applicant wishes to claim exemptions from any subject on the basis of prior learning, or transfer from another degree-level programme, the APL application form must also be completed and the APL fee paid in addition to the programme form and fee.

Fee Structure

Applicants are required to pay the following tuition fees: A non-refundable BD 30/- application fee. BD 450/- deposit fee required upon admission to the programme. This fee is to be paid when accepting admission as a deposit that will be offset against the foundation year or the first semester of the programme. The Tuition fee per semester is BD 1,800/- (BD 450 per course). In case of drop out from the programme, 50% of the fee will be refunded at a maximum of the first two weeks of the start of the semester. Thereafter, no refund will be made. Refund claims will not be accepted without presenting the original receipt. In case of temporary withdrawing from the course due to medical, family or work reasons, no refund will be made. However, students can join the programme later to continue their study. Student must inform the Student Affairs Coordinator in writing whether he/she is withdrawing from the programme temporarily or permanently. Please note that in this case they have to pay the latest fee applicable at that time. And also if there is any change in course structure during this break they have to study the latest one. It is not the responsibility of BIBF to offer the previous course structure. For more information please contact the Student Affairs Coordinator. A non-refundable BD 25/- (per subject) fee will be charged for re-sit exam and review/appeal requests for exams. These fees apply to the academic year 2014/2015. BIBF reserves the right to change the fee structure without notice.


Assessment

Students’ achievement in general in each subject taken will be assessed on the following bases. However coursework weight distribution may vary within different modules and students’ achievement in each subject will be assessed as mentioned in the module specifications.

Course Work = 40%

End of Semester Exam = 60%

TOTAL = 100%

The overall pass mark in any one subject is 50%; however student MUST get at least 40% in the final exam to be considered for overall pass. Candidates will be given indicative grades. All marks/grades are provisional subject to the approval by the examining board. All assessment shall be conducted in the English language. The following evaluation scale will be used to classify the performance of the student at the end of the programme and a diploma degree will be awarded accordingly:-

Score Evaluation University of Bangor Equivalent

90% and above Pass with Distinction 70 + Excellent standard Class 1

80 – 89% Pass with Merit 60 – 69 High standard Class 2.1

70 – 79% Pass Credit 50 – 59 Average standard Class2.2

50 – 69% Pass 40 – 49 Satisfactory standard Class 3

0 - 49% Fail 0 - 39 Fail standard

In order to calculate the averages referred above, all decimal marks are rounded to the nearest integer (e.g. 69.5% is rounded to 70% and 69.4% rounded to 69%).

Procedure for Submission of Assignments All assignments must be submitted electronically or as instructed by the course lecturer. The electronic copy must be submitted through the ‘Turnitin’ software on the web. To access Turnitin, contact the relevant course lecturer for course ID and password. The time and date on which you submit the assignment electronically will be recorded automatically, and this process will provide us with confirmation that you have submitted in compliance with the assignment deadline. If you do not submit your assignment before the assignment deadline, you will be deemed to have missed the deadline. Please note that Turnitin contains plagiarism detection software, which is available to the course lecturer. We reserve the right to use this software on all submitted assignments. All assignments must be submitted on time (to be considered evaluation from full marks). Late submission will be penalized as instructed by the course lecturer.

Return of Marked Work BIBF’s policy is that marked work will normally be returned with written comments within three working weeks of the submission date. If you don’t receive marked work within three weeks you are entitled to notify to the Academic Programme Manager or Head of the Academic and Executive Centre directly or via your representative on the Student Council.

Moderator Moderator appointed by the Bangor University acts as a liaison between Bangor University and BIBF.


External Examiners BIBF adopted a system of external assessment which verifies the system of examinations and assessment carried out by the Institute. The external examiners are appointed by Bangor University.

Results of Examination Official results will be released after the approval of the internal and external exam boards. Students will be notified of their results through SMS at the end of each semester.

Change of Diploma Stream Students are allowed to change the diploma stream and will be given credits according to the courses and levels completed. Applications for change of diploma stream will be considered on a case to case basis. All transfer requests must be made at least two weeks before the semester starts.

Appeals/Review

The BIBF has formal procedures for appealing. If you have concern about the marks, first discuss with your course lecturer who assessed you. If you remain concerned you should discuss the matter with the Student Affairs Coordinator who will advise you about the next step. All appeals must be submitted in writing (fill in the Appeal/Review Form), with a fee of BD 25 (per module), to the Student Affairs Coordinator no later than 10 working days after the date of publication of the results. The onus is on you to provide evidence to establish valid grounds for the appeal. It should be noted that students cannot appeal against the academic judgment of the examiner. For details on ‘grounds for appeal’, read Appeal/Review Form. BIBF’s QA Code of Practice Chapter IX – Malpractice, Appeals and Student Complaints describes the procedure for the hearings of appeals.

Mitigating Circumstances

Students who do not fulfill a requirement of their course, for example by missing a final examination, with an appropriate extenuating circumstance and with supporting documentation, may request a claim for Mitigating Circumstances in writing to the Student Affairs Coordinator, using the Mitigating Circumstances Claim Form. If approved, student will be allowed to sit for the missed exam in the following semester or at the next available opportunity. Remember it is important to discuss your application with the Student Affairs Coordinator before submitting it. Please note that he/she cannot make the decision, and can only give an advice. Quizzes:

For quizzes best two (2) out of three (3) will be chosen (or as described in the module specification). Final Exam and Assignments:

Mitigating Circumstances must be formally reported to Student Affairs Coordinator by filling in the

Mitigation Circumstances Form within 3 working days from the exam/assignment date which has been

affected.

It’s the student’s responsibility to properly fill out the ‘Mitigating Circumstances Form’ and provide the

original evidence, such as medical certificate, police report or official death certificate of the close

relative etc.

Only serious personal illness or problem with original evidence will be considered for Mitigating

Circumstances claims such as: o sudden serious illness o serious accident


o sudden hospitalisation o death of close family relative

Reasons below listed are NOT acceptable reasons for Mitigating Circumstances: o Traffic rush o Paid employment o Family holiday o Travel o Visiting family in the hospital o Having an exam for another programme o Computer related problems o Not aware about exam timetable etc.

Submission deadline:

All claims must be submitted within 3 working days from the date of the missed final exam. No MC applications will be accepted if submitted after the deadline. Important Notes:

Where the MC form is used with reference to BIBF Attendance policy (Minimum 80%) the submission deadline shall be 3 days prior to final exam.

Supporting documentation:

It is the student’s responsibility to properly fill out the Mitigating Circumstances Form and formally report to the Student Affairs Coordinator along with original supporting evidences.

All evidence such as medical certificate, police report or official death certificate of the close relative etc. must be official documents which have been signed and stamped as appropriate.

Registration All students are required to register for the correct number of modules at the correct level. If there is any confusion always seek the Programme Manager’s advice. It’s the responsibility of the students to register for their re-sit exams according to the re-sit timetable. It is also student’s responsibility to ensure that their personal details (email and phone) are correct and up to date on BIBF record all the times.

Attendance and Punctuality BIBF expects students to attend classes regularly and to arrive punctually. If students miss classes, this will create problems for them, for fellow students and for the lecturer as when the student does attend they will not be able to participate fully. Late arrival to class is disruptive and disrespectful to others in the class. BIBF’s attendance policy states that any student with less than the 80% required minimum attendance in a course will not be eligible to sit the examination for that course. Please remember that any student arriving more than 30 minutes after the start of a class will be marked as absent. If students feel that they have good reason for non-attendance or lateness, they should set out the reasons on a Mitigating Circumstances Form and submit it within 3 working days with evidence to the Student Affairs Coordinator; so that the Mitigating Panel can consider and decide whether the reason is acceptable. Where appropriate this information will be shared with the corporate or private sponsor. You must also attend seminars, workshops and other prescribed activities for the course.

Cancellation of Lectures Every effort will be made to notify you via SMS if a lecture or tutorial has to be cancelled. Therefore it is very important for you to have your latest phone numbers with us.


Students’ Progress Report Students will receive regular updates on their progress from lecturers during classes, tutorials, or via SMS. Progress reports will only be sent to parents / guardians on student’s written request.

Conduct and Discipline of Students It shall be the duty of all students of the BIBF to behave responsibly and with respect to others at all times.

Students enrolled in the diploma programme at the BIBF are expected to conduct themselves as expected from other students attending courses of study at BIBF. Regulations in BIBF Students Code of Conduct will apply relating to student conduct. Any information from a student found to be deceptive (deliberately misleading) or incorrect will be treated as malpractice and dealt with according to malpractice policy.

The BIBF defines misconduct as behavior which, in its broadest sense, constitutes improper interference with the functioning or activities of the BIBF, or those who work and study in the institution. The BIBF may take disciplinary action in relation to behavior, which affects members of the public which is not honest and peaceable and which damages the standing of the institution. We expect from all of you who are enrolled in the diploma programme to seriously follow the guidelines for Code of Conduct and Discipline given in this Students Handbook:

Respect the lecturers, staff and fellow students

Respect the BIBF academic and professional environment

Wear suitable clothing as explained in the below section ‘Dress Code’

Keep noise to minimum during office hours

Do not tamper BIBF property

Remember that BIBF belongs to all of us and it’s our mutual responsibility to keep its professional and disciplinary integrity at the highest level. We need and expect your conscious efforts in this regard.

Dress Code

The BIBF is a professional institute offering a range of academic and professional qualifications to students whose ages range from High School graduates, University entrants, postgraduates to professionals. As such we require our students to wear appropriate clothing, e.g. business suits, national dress, or other suitable modest attire. The following attire are unacceptable:

faded jeans,

jeans with holes,

T-shirts,

shorts,

leggings,

short skirts/dresses,

stretch trousers and skirts,

sports attire,

sports shoes,

flip flops.

Students who are unsuitably dressed will not be allowed to enter the BIBF premises.

Plagiarism Plagiarism is a very serious academic offence. Copying from any source without the knowledge of the author or owner is plagiarism as it is wrongly claimed that ideas or materials are yours.


If a member of the teaching staff suspects that plagiarism has occurred, you will be asked to justify your actions. And if plagiarism is identified, depending on the extent of the offence, penalties will be applied. Details of the plagiarism guidelines can be seen in BIBF Student Handbook, Appendix 4: Plagiarism Guidelines.

Assignment and Presentation Contents Students are not allowed to have political, religious or any other sensitive contents as a part of their assignments, class discussions or presentations.

Student Representatives

There is a formal mechanism within the BIBF for you to make your voice heard. At the start of each academic year, student representatives are nominated and elected by their peers, for a maximum of one academic year, to represent their interests on Student Liaison Committee. This committee is chaired by the Head of Academic and Executive Centre, with representation from members of the teaching staff. The committee meets at least once in each semester. Student representatives are invited to raise any issues, suggestions relating to courses, facilities or anything else they may need to address in order to improve their experience within BIBF. If you have any issues or concerns that you wish to raise at the Student Liaison Committee, you can contact any Student Council members. Student council members also arrange and coordinate many extracurricular activities for the student body.

Confidentiality Policy on Academic Records

Student records are confidential unless disclaimer is signed by the student.


Student Code of Conduct in Examinations

Attending Examination

1. It is your responsibility to ensure that you attend examinations in accordance with the published examination schedule

2. You must bring your photo ID (CPR) to the examination room and display it on your desk. 3. You must occupy the seat assigned to you by the invigilator. 4. You will be permitted to enter the examination room up to 30 minutes after the start of the

examination. No-one will be permitted to enter the room after 30 minutes. 5. You will not be permitted to leave the examination room until 45 minutes after the start of the

examination. 6. You will not be permitted to leave the examination room during the last 15 minutes of the examination.

If you finish early you must remain quietly in your seat so as not to disturb other candidates. 7. If you leave before the end of the examination, you should do so quietly so as not to disturb other

candidates.

Equipment and Materials Permitted in Examinations

1. You must bring all your own equipment and stationery. You are not permitted to borrow from or share with other candidates.

2. Only non-programmable calculators are permitted, and only where specified as permissible on the examination paper cover sheet. Invigilators may check your calculator and confiscate it if s/he deems it unsuitable.

3. You are not permitted to use a mobile phone as a calculator. 4. Mobile phones and programmable watches must be switched off and will be in the possession of the

invigilator for the duration of the examination. 5. Electronic devices such as laptops, CD or MP3 players, digital diaries etc. are not permitted inside the

examination room. 6. Except in the case of open book examinations, no reading material is permitted in the examination

room. 7. You are not permitted to bring your own notepaper to an examination, even if it is blank.

Starting the Examination

1. The invigilator is the official timekeeper. You will be instructed that you may begin the examination by the invigilator.

2. You must not turn over the examination paper, nor read any material, until authorised to do so by the invigilator.

3. No reading time is allowed. 4. You should ensure that you have the correct question paper by checking the details on the cover page

of the exam question paper.

During the Examination

1. You will be provided with an answer book in which you should write the answers to the examination questions, including any workings or rough notes.

2. You should read and follow the instructions on the question paper and answer book carefully. 3. If you wish, you may ask for additional paper or answer books by raising your hand.


4. You must complete all the information required on the front covers of all your answer books and additional papers.

5. You are not permitted to communicate, or attempt to communicate with other candidates during the examinations.

6. If you need any help or have any problem, you should raise your hand and ask the invigilator. 7. You must not leave the examination room without the invigilator’s permission. Any candidate who

leaves without permission will not be allowed to re-enter the room. 8. Smoking, eating and drinking are not allowed, with the exception of water. 9. You must follow the invigilator’s instructions at all times.

At the End of the Examination

1. You MUST stop writing immediately when instructed to do so by the invigilator, failure to do so may result in your paper being declared void.

2. You must ensure that the question paper and answer book are handed to the invigilator at the end of the examination. Any answer book removed from the examination room will be declared void and will not be marked.

3. You are not permitted to leave the examination room until authorised to do so by the invigilator.

Academic Malpractice

1. If you are suspected of any malpractice during an examination, the invigilator will confiscate and retain any evidence and will report the situation to the Customer Service Officer for further investigation. See the BIBF QA Code of Practice Chapter IX – Malpractice, Appeals and Student Complaints for further information on this process.

2. Academic malpractice includes any behaviour that could be construed as cheating or likely to bring unfair advantage, and any breach of this Code of Conduct.


Enrolment, Progression and Assessment Rules

Enrolment 1. Minimum 2 courses provided student has met all pre-requisite conditions. 2. Maximum 6 courses provided student has met all pre-requisite conditions.

Progression Rules

1. Progression rules apply between levels and not between semesters. 2. Students will be barred from registering for any module unless they have passed its pre requisite(s). 3. Students can carry maximum of 30 fail credits (2 modules) of Level 4 compulsory subjects to level 5 if

overall marks in each of these modules are between 40%-49%. 4. Resits of the level 4 fail modules (as in point 3) can be taken in level 5 and must be passed. The maximum

mark awarded after reassessment in a failed module will be capped at the minimum pass mark (50%) for the module, after adding the coursework marks.

5. Students with more than 30 credits of failed compulsory modules, once all re-sit opportunities in the current year have been exhausted, will be required to pass the failed modules before progressing to the next level.

Assessment and Re-assessment Rules 1. The overall pass mark for all modules is 50%. All students must in addition attain at least 40% in the final

examination component of the module to be considered for overall pass, if any. Additional pass criteria may be applied to specific modules, and will be clearly stated in the module specification.

2. The maximum mark awarded after reassessment in a failed module will be capped at the minimum pass mark for the module, after adding the coursework marks.

3. Students may re-sit a failed module at the next available opportunity. 4. Where a student repeats with attendance, s/he will forfeit any unused assessment attempts associated

with the first registration, and will be liable for the normal module fee. 5. There will be 2 examination periods per year: at the end of each semester. All examinations, both first sit

and re-sit, will take place during those periods. 6. Students who decline to take up any assessment opportunity will be deemed to have used up that

opportunity and will be awarded a mark of zero. 7. Students with approved mitigating circumstances will be offered an assessment attempt at the next

available opportunity, i.e. for exams, during the next scheduled exam period. 8. Any assessment opportunity missed due to approved mitigating circumstances will be discounted from the

total opportunities permissible. 9. Students will be permitted a total of three opportunities in each module: first attempt carries the full mark

achieved; second and third attempts have marks capped at the minimum pass mark. (as explained earlier in point 2)

10. Students failing all three attempts will be permitted to re-register for the module, and will be allowed a further one attempt. And pass mark rule will be applied as explained in point 1.

11. Students who fail to achieve a pass mark after re-registration on a module will be excluded from the programme.

12. All decisions related to progression and assessments are subject to the exam board approval.

Programme Award Rules


1. Students must achieve a minimum pass mark and gain 120 credits (all 8 modules) at each level (Year 1 and Year 2), a total of 240 credits.

2. All modules must be passed. Students are not permitted to substitute elective credits for compulsory credits.

3. The maximum duration for the programme for full-time student is 4 years and part-time student is 6 years. 4. The final awards will be classified as either Pass, Merit or Distinction

Proceeding to the BSc Degree

After completion of two years of study in the Validated Diploma and passing all the courses a student will qualify and may proceed for a third year of study at the Bangor University for the Honours degree of BA/BSc in Banking and Finance or Business Studies and Finance or Accounting and Finance or may continue the third year of study at BIBF for the Honours degree of BA/BSc in Banking and Finance or Accounting and Finance (BSc final year in BIBF option is available from September 2015*).

Students opting to proceed to the final year (third year) of the programme at the Bangor University should notify the Student Affairs Coordinator at the BIBF no later than February of each year of his/her intention of going to Bangor for this purpose. This is very important in order to facilitate the registration process and arrange for accommodation.


Health and Safety

BIBF's management considers the safety of staff, students, visitors, premises, assets and information to be a very important matter and therefore any breach of safety rules or procedures shall be subject to disciplinary action as stipulated in the BIBF Students Code of Conduct. Many of the BIBF staff members as listed below are trained in first aid procedures and should be contacted if a situation arises that requires first aid treatment. In the event of any emergency requiring an ambulance, call the General Services Supervisor on 5511. Name Phone Ext. Ahmed Al Alawi 5528 Amal Khalifa 6322 Fadheela Al Sharaf 5537 Faten Radhi 6316 Huda Al Sayed 5534 Najma Ghuloom 5562 Nasser Al Khayat 5579 Nedal El -Ghattis 5525 Zainab Shaban 5559 A fully stocked first aid box is located in the First Aid Room in the syndicate room area of the first floor.

General Health and Safety Information

Death, major injury, disease and dangerous occurrences must be reported immediately to the Programme Coordinator, BIBF Director and the Head of Operations.

All accidents and incidents must be reported to the Head of Operations.

Any staff or student who has a disability which may impact on their health and safety whilst on BIBF premises should inform the Head of Operations so that appropriate measures can be taken.

Cutlery, crockery and equipment used in the preparation or serving of food/drinks must be clean. Drinking water should be clean and fresh. Eating and drinking is prohibited in classrooms and all public areas except the cafeteria.

Staff must ensure that their workspace and office are kept clear of food waste and used cutlery or crockery.

Floors must be kept clean, dry and free from trip hazards such as cables or protruding power sockets.

Temperatures in all classrooms, offices and public areas will be maintained at a comfortable level and rooms will be adequately ventilated.

Adequate lighting levels will be maintained as appropriate to each workspace.

Pest control will be carried out on a regular basis. To avoid contact with pesticides, pest control will take place outside normal operating hours and staff and students will be given advance notice of the timing and the areas that will be affected.


Disorderly or indecent conduct, including fighting on BIBF premises, is prohibited and will be subject to disciplinary measures in accordance with the QA Code of Practice, Chapter XII.

Smoking is not permitted within the BIBF building.

Fire exits and exit routes must be kept clear. In particular no combustible materials should be stored or left near exits or on exit routes.

Documents

Programme Handbook - Project Management Professional Student Handbook 2014-15.pdf · Programme Handbook 2014-15 Page 5 Bahrain Institute of Banking and Finance BIBF has an important