Bachelor of Science Finance and Investment Management

Application & Registration Closing Date: 9th February 2018

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

1.0 INTRODUCTION

This programme brief summarises the contents of the Bachelor of Science Finance and Investments Management (BFI) 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 21st Century has provided a complex financial environment to profit making organisations, non-profit making entities and governments. The need for critical analysis and dynamic judgment in such an environment requires decision makers, business advisors, and individual entrepreneurs etc. to possess certain skills. The Bachelor of Science Finance and Investment Management degree is structured with this background in mind. It is a programme that is designed to enable a candidate to be an insightful problem solver and critical thinker in business finance and investment management. The programme is meant to provide knowledge and skills that enhance decision-making and improves value creation in all forms of organisations and governments.

1.2 AIM

The programme aims at developing an in depth understanding of the role of finance and investment management in an organisation. The programme intends to improve the skills and knowledge of business advisors, business investment analysts and corporate decision makers, through critical analysis to undertake efficient and effective investments, and financing and resource allocation decisions within an organisation.

1.3 OBJECTIVES

By the end of the programme, a student should be able to:

  1. critically evaluate finance and investment decisions and develop solutions from ethical, professional as well as academic perspectives;

  2. evaluate the impact of macroeconomics and recognise the role of international financial institutions in the financial management of organisations and governments;

  3. demonstrate an understanding of finance and the ability to place financial innovations within a contemporary and historical framework; and

  4. demonstrate an in depth knowledge and skills in business finance, investment planning and management, and risk management.

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 finance and investment management;

  2. Finance and investment 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 finance and investment management; and

  4. any eligible person who wishes to pursue a career in finance and investment management.

2.0 ADMISSION, GRADING AND AWARD CRITERIA

2.1 ADMISSION CRITERIA

To qualify for admission to the BFI 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 FINANCE AND INVESTMENT MANAGEMENT DEGREE

2.2.1 Duration of study

The course of study for the award of the BFI 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 BFI421 Research Methods and BFI442 Dissertation), the distribution of marks shall be as follows:

Continuous assessment 40%

1 test 30%

1 assignment 10%

Final examination 60%

Total 100%

The one test and final examination shall consist of one examination paper in each of the courses listed (except for the BFI421 Research Methods and BFI442 Dissertation) and shall normally be of two hours and three hours duration respectively.

    1. GRADING

To be eligible for the award of the BFI 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 BFI 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 BFI 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 full ZIBFS, ACCA, and ZICA professional 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 programme 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, BFI442 means a BFI fourth year course, course number four offered in the second semester.

6.0 COURSE STRUCTURE

Each year of study will be divided into two semesters. Except for BFI421 Research Methods and BFI442 Dissertation courses in the final year, the rest of the courses are structured in such a way that semester one courses are not a pre-requisite of semester two courses in each academic year. The course structure 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

BFI111

Academic Writing

BFI112

Introduction to

Macroeconomics

BFI121

Introduction to Investments

BFI122

Principles of Accounting

BFI131

Introduction to

Microeconomics

BFI132

Introduction to Quantitative

Methods

BFI141

Introduction to Finance

BFI142

Introduction to Financial

Markets

Table 2 Year 2 Courses

Semester 1

 

Semester 2

 

Course Code

Course Title

Course Code

Course Title

BFI211

Business Finance

BFI212

Investment Planning

BFI221

Financial Accounting

BFI222

International Trade and

Finance

BFI231

Business and Corporate Law

BFI232

Derivatives

BFI241

Monetary and Financial

Systems

BFI242

Taxation

Table 3 Year 3 Courses

Semester 1

 

Semester 2

 

Course Code

Course Title

Course Code

Course Title

BFI311

Financial Reporting

BFI312

Behavioural Finance

BFI321

Mergers and Acquisitions

BFI322

Securities Analysis

BFI331

Advanced Taxation

BFI332

Managing Strategic Risk

BFI341

Financial Risk Management

BFI342

Portfolio Management

Table 4 Year 4 Courses

Semester 1

 

Semester 2

 

Course Code

Course Title

Course Code

Course Title

BFI411

Strategic Management

BFI412

Public Finance

BFI421

Research Methods

BFI422

Econometrics

BFI431

Corporate Finance

BFI432

Innovation and

Entrepreneurship

BFI441

Financial Modelling and

Forecasting

BFI442

Dissertation

7.0 APPENDIX 1 EXEMPTIONS FOR HOLDERS OF ZICA, ACCA AND ZIBFS PROFESSIONAL QUALIFICATIONS

7.1 EXEMPTIONS FOR HOLDERS OF ZICA AND ZICA LICENTIATE

  1. BFI141 Introduction to Finance

  2. BFI122 Principles of Accounting

  3. BFI132 Introduction to Quantitative Methods

  4. BFI211 Business Finance

  5. BFI221 Financial Accounting

  6. BFI231 Business and Corporate Law

  7. BFI242 Taxation

7.2 EXEMPTIONS FOR HOLDERS OF ACCA AND ACCA ADVANCED DIPLOMA IN ACCOUNTING AND BUSINESS

  1. BFI141 Introduction to Finance

  2. BFI122 Principles of Accounting

  3. BFI211 Business Finance

  4. BFI221 Financial Accounting

  5. BFI231 Business and Corporate Law

  6. BFI242 Taxation

7.3 EXEMPTIONS FOR HOLDERS OF ZIBFS QUALIFICATIONS

7.1.1 Exemptions for holders of the Certificate in Banking and Finance

  1. BFI142 Introduction to Financial Markets

  2. BFI122 Principles of Accounting

  3. BFI231 Business and Corporate Law

7.1.2 Exemptions for holders of the Diploma in Banking and Finance

  1. BFI121 Introduction to Investments

  2. BFI141 Introduction to Finance

  3. BFI142 Introduction to Financial Markets

  4. BFI122 Principles of Accounting

  5. BFI132 Introduction to Quantitative Methods

  6. BFI211 Business Finance

  7. BFI231 Business and Corporate Law

  8. BFI241 Monetary and Financial Systems

7.1.3 Exemptions for holders of the Advanced Professional Diploma in Banking and Financial Services

  1. BFI121 Introduction to Investments

  2. BFI141 Introduction to Finance

  3. BFI142 Introduction to Financial Markets

  4. BFI122 Principles of Accounting

  5. BFI132 Introduction to Quantitative Methods

  6. BFI211 Business Finance

  7. BFI231 Business and Corporate Law

  8. BFI241 Monetary and Financial Systems

  1. BFI222 International Trade and Finance

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