Advanced Diploma (Associateship Course)
Advanced Diploma in Banking & Financial Services (AKIB).
kib qualifications
Advanced Diploma in banking
The Associate Examinations covers a wide range of subjects in the Banking and Financial Services industry. Successful completion of the examination leads to the award of the highest Banking Diploma (Associateship Certificate) which is also the highest and final level of any professional banking qualification in Kenya. Holders of the Associateship Certificate are designated as “Associate of the Kenya Institute of Bankers”, AKIB. This designation is very important as far as the Financial Services sector is concerned. The Associateship qualification provides a person who has chosen banking as a career, a strong foundation for further advancement. The person is required to elect nine units while seven units are mandatory and two units are optional.
Exam Registration Deadline:
| May Exams: 12th March, 2021
| October Exams: 10th September, 2021
Candidates can attempt the subjects in any order. Candidates pursuing Advanced Diploma in Banking & Finance, can also attempt any number of subjects desired with a minimum of two. The duration of the course is determined by how many subjects one takes per sitting.
Units offered
Financial Reporting Analysis Planning
Introduction
The course covers the nature and use of accounting, relating to business entities, available to practicing bankers. The legal ang regulatory frameworks within which information is produced and reviewed and the limitations of published accounts. From this basis, the analysis of a business development and an introduction to business planning will also be included in the syllabus.
Objectives
The learner should be able to:
- Understand the statutory requirements and accounting standards adopted in the construction of financial reports and accounts.
- Understand the content and structure of financial reports including group financial statements.
- Undertake a detailed study of financial analysis including traditional accounting ratios and cashflow analysis, and an appreciation of methods of predicting corporate success and failure.
- Understand business valuation and corporate structures including reconstructions.
- Undertake a selective study of business planning and decision making, including cost behavior, investment appraisal and forecasting.
The Monetary & Financial System
Introduction
The course provides tools of decision making for bankers based on generally accepted principles of economics. It focusses on monetary economics covering the functions of money, financial markets, commercial banking, the money supply and demand, determination of equilibrium interest rates, fiscal and monetary policies, international financing.
Objectives
The learner should be able to:
- Explain the functions of money and financial institutions.
- Explain objectives of monetary policy.
- Explain how monetary policies relate to banking institutions.
- Make adjustments in bank policies as changes in monetary policies take place.
Management & Organization
Introduction
Effective Management within rapidly changing organizations is one of the biggest challenges facing financial services professionals today. This course will provide students with a backcloth against which to judge issues relating to management and the organizations of work, and will help them, through an improved understanding of the problems, to become a more flexible and effective manager.
Objectives
The learner should be able to:
- Acquire backcloth against which to judge issues relating to management and the organization of work.
- Understand the problems and prospects of managing and organizing in current financial services contexts.
Law & Practice Relating to Banking & Finance
Introduction
Over the years, the business of banking and financial services has been based on clearly defined legal principles and objectives.
The purpose of this course is to provide a broad overview and detailed coverage of the various legal principles and their practical application in transacting banking business and other financial services.
Objectives
- To prepare the candidate to serve competently in the banking industry.
- To understand the establishment, operations and legal framework of banks and non-bank financial institutions.
- To understand the relationships between banks and customers, banking operations and the implications arising from different types of accounts and events affecting their conduct.
- To understand the law relating to cheques and other payment systems.
- To understand securities and the legal process involving their perfection, discharge and realization.
- To enable the candidate to apply the legal principles to the day to day banking operations.
Strategic Marketing Management
Introduction
Most organizations now accept that corporate objectives are best achieved through the concentration on the identification and satisfaction of customer needs. This philosophy applies equally to manufacturing, public sector, and the financial services industry. This course provides you with a comprehensive insight into the basic disciplines which underlie the marketing philosophy and an in-depth understanding of the functional areas of marketing which are relevant for the financial services industry.
Covers: Strategic planning and the strategic planning environment: marketing management, with an emphasis on the marketing of services: marketing planning: market segmentation, targeting and positioning, market research and information systems: Consumer buyer behavior: Product and pricing decisions: Marketing channels: The communications and promotion mix, the extended marketing mix and service quality: Ethical issues in marketing: Issues for International marketing.
Objectives
This course is designed to teach marketing as a creative and integrative approach to the operation of any organization. It is based upon the recognition that corporate objectives are best achieved through concentration on the identification and satisfaction of customer needs. This philosophy is equally relevant to manufacturing or service industries, consumer or business markets, private or public sector organizations, domestic or international activities.
The programme provides students with a comprehensive insight into the basic disciplines which underlie the marketing philosophy and an in-depth understanding of the functional areas of marketing which are relevant for the financial services industry. Special attention will also be paid to the recent change in emphasis in the marketing of financial services.
Lending
Introduction
This course is designed to enable students demonstrate their understanding of the techniques of good credit assessment with particular emphasis on evaluating the risks associated with lending of personal customers and smaller to middle market business customers.
Covers: Analysis o accounting statements for lending purposes: Assessment of lending proposition, factors creating credit risk and its control, security lending requirements of different types of business, advances, other specialist bank services related to lending.
Note: The student is advised to study the following subjects prior to sitting this paper:
- The Law and Practice Related to Banking and Finance.
- Financial Reporting Analysis and Planning.
- International Trade Finance.
Objectives
The learner should be able to:
- Understand the techniques of good credit assessment with particular emphasis on evaluating the risks associated with lending to personal customers and business customers.
- Identify, appreciate and understand the basic principles to be applied in any given lending proposition or credit application.
- Acquire broad technical knowledge necessary for application in developing strong technical skills and the professionalism in credit administration and management.
- Identify the various banking and financial services products available to banking customers and the public, together with an understanding of their individual benefits to both the bank and its customers.
International Trade Finance
Introduction
This course enables the student to understand the methods employed in and the customers engaged in international trade; to appreciate the features and benefits of the range of service providers in the field; To understand the international trade payment systems that are in place and the regulations and procedure adopted; and to recognize the terminologies used in international trade.
Covers: The meaning of international Trade Finance and payment sources; Methods of Trading, trade promotion and assistance or advice available from banks and other sources.
Objectives
The learner should be able to:
- Understand international trade transactions, settlement and financing.
- Identify the needs of customers engaged in international trade.
- Match the relevant international trade products to the customer needs.
- Understand the international payment systems, regulations and procedures in use.
- Recognize terminologies and documentation universally used in international trade.
Taxation
This course should provide students and persons studying banking and finance qualification, a wide coverage of various taxation laws and procedures applicable in Kenya. The course covers in detail all the tax statutes, the various types of taxes levied in the country and the administration of tax applicable to both individuals and businesses.
Objectives
The learner should be able to:
- Acquire knowledge of the theory, law and practice of taxation.
- Appreciate the impact of taxation on business operations.
- Understand current Government taxation policies.
Insurance
Introduction
This course is intended to equip a banker with managerial techniques to make sound decisions regarding insurance. The focus is on the place and role of insurance within the financial framework and in relation to banks and other financial institutions.
Objectives
The learner should be able to:
- Acquire adequate knowledge and understanding of the concept of risk.
- Understand the development and appreciate the role of insurance in the financial framework.
- Understand the various classes of insurance and assurances, types of providers, intermediaries and reinsurers.
- Familiarize with the insurance legislative environment.
Investment
Introduction
This course should equip the learner with a comprehensive knowledge on the role and scope of investment in the financial world, outlining in detail the composition and structure of the securities (capital)markets with an understanding of their economic value in business; The type of investment decisions faced by both individual and market and the type of securities traded.
Objectives
The learner should be able to:
- Identify customer’s needs, problems and investment opportunities available in the market.
- understand the various investment products, both traditional and derivatives and their applications in portfolio management.
- Gain an understanding of the international markets and securities.
- Develop investment portfolios that maximize returns for risks taken.
- Evaluate the performance of investment portfolios.
Financial Management
This course is intended to give a comprehensive knowledge of the theory and practice of financial management; Details the various financial methods (tools, strategies) to be employed in arriving at sound financial decisions for the proper development of the organization.
It takes into account all the external and internal stakeholders (shareholders etc.) and how their investment in the organization can be created and enhanced.
Objectives
The learner should be able to:
- Understand the principles of finance and management.
- Understand the conceptual tools of analysis.
- Acquire knowledge and information required for decision making in raising and investing economic resources.
- Appreciate dealing with international financial organization and evaluating the effect of the Kenyan financial markets.
Law & Practice for Mortgage Lenders
Introduction
The Law & Practice Relating to Mortgage Lenders is designed to meet the needs of specialized staff working for banks, building societies and direct lenders and, at the same time, provide a pathway to the Associateship examinations. The aim of theis course is to provide a comprehensive overview and framework of the various legal principles relevant and applicable to banks, the building and mortgage industry.
In addition to the legal principles, the course provides the interpretation of specific legal terms involved and the application of the same to the business of estate transaction and mortgages.
Objectives
To equip candidates with an understanding of those aspects of law which affect banks and building societies.
The learner should be able to understand:
- How the following branches of law relates to mortgage lenders:-
– The law of contract
– The law of Tort
-The law of Agency - How banks and building societies are regulated and how complaints are dealt with.
- The operation of Investment Accounts
- How banks and building societies are constituted and the nature of the body corporate generally.
Management of Information Technology
Introduction
In this course, the aim is to present the learner with the necessary knowledge associated with the management of information technology for business operations in general but for the banking and finance environment in particular. The course provides a comprehensive outline of the many and complex computing technologies and / or management information systems available for business operations in both public and private sector organizations.
Covers in detail, such key functions as the organization, planning and acquisition of information technology, development of a ound information technology strategy, including the acquisition, operation, maintenance and control of information technology in business operations.
Objectives
The learner should be able to:
- Acquire sound knowledge and an understanding of information technology and its role in business organization with an emphasis on financial services organizations.
- Familiarize with the use of management information at all levels.
- Have a sound grasp of the basic types of software ranging from custom written to general purpose.
- Acquire basic knowledge of the commercial application of systems used in banking and finance.
- Have a sound knowledge of the main processes involved in the development of systems to address business needs; the use of systems development methodologies and the management of projects.
- Familiarize with the general principles involved in the processing of various types of information and latest developments in office automation.
- Appreciate the application of systems to support management in decision making, importance of training in effective use of IT and the dangers of inadequate training, the importance of business planning and adoption of a coherent IT policy.
- Appreciate the importance of securing data and the general principles which apply when assessing risks and determining what security measures need to ne taken.
- Be able to analyze the effect of computer systems on the type of business carried out and the response of the business to opportunities and competitors.
Qualification Brief
AKIB Details & Requirements.
First semester runs from January to May while second semester is July to October / November each year for the professional qualifications.
Application for Exemptions
Applications for exemptions must be made on the prescribed forms and must be submitted together with a non-refundable fee of Kshs. 2,000.00, plus the examination fees for each subject exemption is sought.
Minimum Requirements:
Holders of KIB Diploma, or First degree, or CPA Part II, or any other course as may be deemed relevant.
Pre-requisite Units:
Minimum recommended units per semester is 4 based on Prerequisite (sequence) as advised by the Senior Registrar.
Tuition Fee:
Ksh.7,000 per unit per semester.
Examination fee:
Ksh.5,000 per unit (subject).
- Bronze – Kshs. 3,000
- Silver – Kshs. 5,000
- Gold – Kshs. 10,000
- Platinum – Kshs. 20,000
- Associate Members (AKIB Qualifiers) – Ksh. 10,000
- Fellows Subscription – Kshs. 15,000
