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Foundations of Business Banking

Foundations of Business Banking

2hBeginner2022-08-02

Authors

Jim Stice

Jim Stice

Professor of Accounting at BYU

Kay Stice

Kay Stice

Professor of Accounting at the BYU Marriott School of Management

Course details

The rise of digital technology has certainly changed the role of the banker. But traditional banks still wield considerable power in the wide range of services they offer to companies. In this course, accounting professors Jim and Kay Stice give you an overview of these services, from savings and checking accounts to payroll services, borrowing, financing, business advising, and more.

Explore the key aspects of the relationship between banks and businesses to better understand the services involved. Learn about the regulatory environment, business financing forms, payments and collections, and more recent advances. Along the way, Jim and Kay cover some of the hottest topics in modern finance, such as fintech, blockchain, and cryptocurrency as well as big data and alternative approaches to investing.

Skills covered

Corporate FinanceFinance and AccountingFoundations

Concepts

0. Introduction

  • 01 - Welcome to the course - Business banking

1. Overview of Business Services Provided by Banks

  • 02 - Accepting and managing payment - Merchant services
  • 03 - Business loans
  • 04 - Payroll services
  • 05 - Business advising
  • 06 - Banking terminology

2. Bank Regulatory Environment

  • 07 - Banking regulation
  • 08 - Role of central banks
  • 09 - What is the difference between a bank and a credit union
  • 10 - Investment banks

3. Forms of Business Financing Provided by Banks

  • 11 - Loan covenants
  • 12 - Fixed-rate vs. variable-rate loans
  • 13 - Short-term vs. long-term loans
  • 14 - Asset-backed loans
  • 15 - Lines of credit

4. Payments and Collections through Banks

  • 16 - Checking account float and Watertown, New York
  • 17 - Electronic funds transfer (EFT)
  • 18 - Credit and debit cards
  • 19 - Cross-border cash transactions

5. Advances in Banking Technology

  • 20 - What is fintech
  • 21 - Mobile banking
  • 22 - Blockchain - Introduction
  • 23 - Blockchain - Comparison to centralized data storage
  • 24 - Cryptocurrency
  • 25 - Internet of Things
  • 26 - Big data
  • 27 - Alternative financing

6. Bank Relationship Management

  • 28 - Value of a positive relationship with your banker

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