AN INTRODUCTION TO ACCOUNTING AND FINANCE

On completion of this module candidates should be able to: 

• Outline the history of bank accounting practices, particularly as regards secret reserves and profit-smoothing. 
• Understand how a bank’s finance department is structured 
• Explain the role of the independent auditor. 
• Explain the role of the Audit and Risk Committee. 
• Contrast stock market valuations of retail v universal banks. 
• Understand the rationale for the Basel capital accords and their main provisions.