Bachelor of Science Banking and Finance

Application & Registration Closing Date: 9th February 2018

START:
12th February 2018
DURATION:
4 Years on FT and 5.5 Years on PT/DE
ID:
BBF

1.0 INTRODUCTION

This programme brief summarises the contents of the Bachelor of Science Banking and Finance (BBF) degree programme and is accordingly structured as follows. The programme rationale, aim, objectives and target group are outlined in Sub-sections 1.1 to 1.4 respectively, while the admission, grading and award criteria are given in Section 2.0. Sections 3.0 – 5.0 describe the course assessment, exemptions policy and course codes respectively. The programme structure and exemptions are outlined in Sections 6.0 and 7.0 respectively.

1.1 RATIONALE

The Zambian financial services sector has continued to experience growth following liberalisation of the economy in the 1990s. The banking sector has particularly seen the introduction of many international banks over the last two decades. As a developing country, it is expected that Zambia will continue to grow its banking and finance sectors. Such growth in these and related sectors require a cadre of properly trained and experienced finance professional to manage the sector. The growing demand for qualified banking, finance and microfinance specialists who can contribute to the growth of the banking sector in Zambia has therefore made it necessary to introduce the BBF degree programme.

1.2 AIM OF THE PROGRAMME

The aim of this degree programme is to equip candidates with knowledge and skills in the fields of banking, finance and capital markets.

1.3 OBJECTIVES

By the end of the programme, candidates should be able to:

  1. discuss the scope of banking, finance and microfinance services globally and locally in Zambia;

  2. evaluate the factors shaping the banking sector in Zambia and internationally;

  3. demonstrate the critical abilities of analysis, interpretation, evaluation and judgement as applied to banking and finance, microfinance, capital markets; and

  4. collect and analyse business data to help in solving challenges related to the provision of banking and finance services.

1.4 TARGET GROUP

This programme is targeted at the following groups of people:

  1. secondary school leavers who have attained the minimum qualifications for university admission and who wish to start a career in banking and finance;

  2. banking and finance as well as microfinance employees who wish to enhance their career prospects;

  3. holders of partial accountancy qualifications such as ACCA-FIA, ZIBFS and ZICA-technician who wish to pursue a career in banking and finance; and

  4. any eligible person who wishes to pursue a career in banking, finance and microfinance.

2.0 ADMISSION, GRADING AND AWARD CRITERIA

2.1 ADMISSION CRITERIA

To qualify for admission to the BBF degree programme an applicant must have any of the following qualifications:

  1. five credits at ‘O’ Level including English and Mathematics;

  2. any relevant three year accountancy diploma from a reputable college or university;

  3. at least three ‘A’ level passes including Mathematics or equivalent;

  4. any degree from a recognised institution; and

  5. part or full qualifications in ZIBFS, ZICA, CIMA and ACCA.

2.2 REGULATIONS GOVERNING THE AWARD OF BACHELOR OF SCIENCE BANKING AND FINANCE DEGREE

2.2.1 Duration of study

The course of study for the award of the BBF degree shall be completed in a period of:

  1. not less than four and not more than six academic years in the case of full time students;

  2. not less than five and not more than seven academic years in the case of evening students;

  3. not less than four and not more than seven academic years in the case of distance education students;

  4. not less than five and not more than seven academic years in the case of part time students;

  5. provided that for top-up degrees, the duration may be shorter, but not less than one year.

2.2.2 Student progression

A programme of study shall be taken in the sequence approved by the ZCAS University Senate.

Full time students

  1. A full-time student shall register for and take four courses in any semester of the academic year; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.

  2. A full time student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level of study.

  3. A full time student who fails in one course in any academic year may be permitted to proceed to the next level of study; provided that the student repeats the course at the first available opportunity.

  4. A full time student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed course at the first available opportunity.

  5. A full time student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. A full time student who fails all the courses in any academic year shall be excluded.

  7. A full time student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any academic year of study including the final year.

Evening students

  1. An evening student shall register for and take three courses each semester; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.

  2. An evening student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.

  3. An evening student who fails in one course in any academic year may be permitted to proceed to the next level courses; provided that the student repeats the course at the first available opportunity.

  4. An evening student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.

  5. An evening student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. An evening student who fails all the courses in any academic year shall be excluded.

  7. An evening student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any year of study including the final year.

Distance Education students

  1. A distance education student shall register for and take a minimum of three courses and a maximum of four courses each semester; provided that a student may in exceptional circumstances be permitted to take one additional course whether carried over from the previous academic year or additional in any one semester.

  2. A distance education student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.

  3. A distance education student who fails in one course in any academic year may be permitted to proceed to next level courses; provided that the student repeats the course at the first available opportunity.

  4. A distance education student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.

  5. A distance education student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. A distance education student who fails all the courses in any academic year shall be excluded.

  7. A distance education student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any year of study including the final year.

Part Time students

  1. A part time student shall register for and take not more than three courses in any semester of the academic year.

  2. A part time student who passes all the courses taken during the academic year of study shall be allowed to proceed to the next level courses.

  3. A part time student who fails in one course in any academic year may be permitted to proceed to the next level courses; provided that the student repeats the course at the first available opportunity.

  4. A part time student who fails some or all of the courses in the first semester of an academic year shall be allowed to proceed to the second semester courses; provided the student repeats the failed courses at the first available opportunity.

  5. A part time student who fails some or all of the courses in the second semester of an academic year shall be required to repeat those courses before proceeding to the next level of study, provided that the student has passed the first semester courses.

  6. A part time student who fails all the courses in any academic year shall be excluded.

  7. A part time student who fails a course twice is subject to exclusion; provided that, subject to successful appeal, the student may be permitted to repeat the course for the third and final time.

  8. Exclusion is applicable in compliance with the preceding regulations in any year of study including the final year.

Deferred Examinations

A student who is unable to attempt a scheduled assessment may be awarded a deferred assessment subject to a successful application based on extenuating circumstances. A deferred assessment shall be graded normally, i.e. the student shall be awarded the actual mark obtained in the assessment or a final grade of between D and A+ in the course.

Supplementary examinations

A student who has failed a course with a D+ grade may be awarded a supplementary examination in the failed course, provided that the student has passed the continuous assessment for that course.

Supplementary examinations may be awarded in up to two courses in any semester of an academic year. A supplementary examination is marked on a pass/fail basis.

  1. COURSE ASSESSMENT AND GRADING

3.1 COURSE ASSESSMENT

In all the courses listed (except for BBF421 Research Methods and BBF442 Dissertation), the distribution of marks shall be as follows:

Continuous assessment 40%

1 test 30%

1 assignment 10%

Final examination 60%

Total 100%

The test and final examination shall consist of one examination paper in each of the courses listed (except for the BBF421 Research Methods and BBF442 Dissertation) and shall normally be of two hours and three hours duration respectively.

    1. GRADING

To be eligible for the award of the BBF degree, a student must have:

  1. Passed all the 32 Courses.

  2. Adhered to the requisite course combinations in each semester.

In the grading of final examination results, the following scale will apply:

Pass grades

A+ Distinction (86% and above)

A Distinction (76% – 85%)

B+ Meritorious (66% – 75%)

B Very Satisfactory (56% – 65%)

C+ Definite Pass (46% – 55%)

C Bare Pass (40% – 45%)

S Satisfactory, pass in a practical course

P Pass in a supplementary examination

Fail grades

D+ Bare Fail (35% – 39%)

D Definite Fail (34% and below)

F Fail in a supplementary examination

U Unsatisfactory, fail in a practical course

NE No examination taken

WD Was withdrawn from the course with unsatisfactory academic progress – recorded where a student has not completed the required level of course work after a warning from the Head of Programme and/or the Director Academic Studies/Dean of School. The Director Academic Studies/Dean of School has withdrawn the student from the course before the examination.

LT Left the course during the semester without permission

DQ Was disqualified in a course by Senate

DR Was de-registered for failure to pay fees

RS To re-sit the course examination only – recorded where a student is allowed by Senate to re-sit the final semester examination in the course, and to carry over the previous course work assessment.

3.3 CLASSIFICATION OF THE DEGREE

  1. In calculating the grade of the degree, the following points shall be applied to the grades obtained.

    1. A+ 2.5 points

    2. A 2.0 points

    3. B+ 1.5 points

    4. B 1.0 point

    5. C+ 0.5 point

    6. C 0 point

  2. The grading of the BBF degree is based on all grades obtained in the last two years (i.e. 16 courses). No points are awarded where a course has been repeated.

  3. The points for classification of the degree shall be as follows:

Distinction 28 – 40 points

Merit 20 – 27.5 points

Credit 12 – 19.5 points

Pass 0 – 11.5 points

4.0 EXEMPTIONS (ACCREDITATION OF PRIOR LEARNING)

  1. A student who has, prior to admission to the BBF attended, whether at ZCAS University or elsewhere, courses of instruction and passed examinations equivalent in standard to courses and examinations which form part of the programme of study may, subject to approval, be exempted from attendance of classes and examinations in those courses. Exemptions will apply to candidates in possession of specific professional qualifications, while for all other candidates, exemptions will be granted on a case by case basis.

  2. Holders of the Zambia Institute of Banking and Financial Services (ZIBFS) qualifications are entitled to exemption in the courses listed in Appendix 1.

  3. No exemptions are available in respect of third and fourth year courses regardless of the candidate’s qualifications.

5.0 COURSE CODES

The letters of the course codes are an abbreviation of the name of the program while the first digit stands for the year of study. The second digit is the serial number of the course in the semester and the last digit indicates whether it is a first/second semester course. For example, BBF231 means a BBF second year course, course number three offered in the first semester.

6.0 COURSE STRUCTURE

Each year of study is divided into two semesters and full-time students are expected to take four courses in each semester while evening and distance education students are expected to take three courses.

Except for BBF421 Research Methods at third year, the courses are structured in such a way that semester one courses are not a pre-requisite of semester two courses in each year. The course structure for the full time programme is as shown in Tables 1 to 4 below.

Table 1 Year 1 Courses

Semester 1

Semester 2

Course Code

Course Title

Course Code

Course Title

BBF111

Academic Writing

BBF112

Introduction to Macroeconomics

BBF121

Introduction to Law

BBF122

Principles of Accounting

BBF131

Introduction to Microeconomics

BBF132

Business Mathematics

BBF141

Introduction to Management

BBF142

Introduction to Financial Markets

Table 2 Year 2 courses

 

Semester 1

 

Semester 2

Course Code

Course Title

Course Code

Course Title

BBF211

Financial Accounting

BBF212

Credit Analysis and Lending

BBF221

ICT for Financial Services Providers

BBF222

International Trade and Finance

BBF231

Law in Banking

BBF232

Banking Products and Services

BBF241

Banking Operations

BBF242

Monetary Economics

Table 3 Year 3 courses

 

Semester 1

 

Semester 2

Course Code

Course Title

Course Code

Course Title

BBF311

Financial Reporting

BBF312

Financial Management

BBF321

Investment and Portfolio Management

BBF322

Treasury Management

BBF331

Microfinance

BBF332

Managing Strategic Risk

BBF341

Investment Banking

BBF342

Regulation of Financial Services

Table 4 Year 4 courses

 

Semester 1

 

Semester 2

Course Code

Course Title

Course Code

Course Title

BBF411

Strategic Management

BBF412

Central Banking

BBF421

Research Methods

BBF422

Corporate Banking

BBF431

Corporate Finance

BBF432

 Retail Banking

BBF441

Financial Modelling and Forecasting

BBF442

 Dissertation

7.0 APPENDICES

APPENDIX 1: EXEMPTIONS FOR HOLDERS OF THE ZAMBIA INSTITUTE OF BANKING AND FINANCIAL SERVICES (ZIBFS) CERTIFICATE IN BANKING AND FINANCE

Holders of the ZIBFS Banking and Finance Certificate may be exempted from the following courses:

  1. BBF121 Introduction to Law

  2. BBF131 Introduction to Microeconomics

  3. BBF141 Introduction to Management

  4. BBF112 Introduction to Macroeconomics

  5. BFS122 Principles of Accounting

  6. BFS232 Banking Products and Services

APPENDIX 2: EXEMPTIONS FOR HOLDERS OF THE ZAMBIA INSTITUTE OF BANKING AND FINANCIAL SERVICES (ZIBFS) DIPLOMA IN BANKING AND FINANCE

Holders of the ZIBFS Banking and Finance Diploma may be exempted from the following courses:

  1. BBF121 Introduction to Law

  2. BBF131 Introduction to Microeconomics

  3. BBF141 Introduction to Management

  4. BBF112 Introduction to Macroeconomics

  5. BBF122 Principles of Accounting

  6. BBF132 Business Mathematics

  7. BBF142 Introduction to Financial Markets

  8. BBF221 ICT for Financial Services Providers

  9. BBF231 Law in Banking

  10. BBF232 Banking Products and services

APPENDIX 3: EXEMPTIONS FOR HOLDERS OF THE ZAMBIA INSTITUTE OF BANKING AND FINANCIAL SERVICES (ZIBFS) ADVANCED PROFESSIONAL DIPLOMA IN BANKING AND FINANCIAL SERVICES

Holders of the ZIBFS Advanced Professional Diploma in Banking and Financial Services Diploma may be exempted from the following courses:

  1. BBF121 Introduction to Law

  2. BBF131 Introduction to Microeconomics

  3. BBF141 Introduction to Management

  4. BBF112 Introduction to Macroeconomics

  5. BBF122 Principles of Accounting

  6. BBF132 Business Mathematics

  7. BBF142 Introduction to Financial Markets

  8. BBF221 ICT for Financial Services Providers

  9. BBF231 Law in Banking

  10. BBF212 Credit Analysis and Lending

  11. BBF222 International Trade and Finance

  12. BBF232 Financial Products and Services

Please note that there are no exemptions for candidates that have only completed the ZIBFS Professional Diploma in Banking and Financial Services. A candidate should complete the Advanced Professional Diploma to be eligible to apply for exemptions.

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