Financial Services: Regulations and Ethics in Oman


Financial Services: Regulations and Ethics in Oman



Programme Title: Accounting and Finance
Module Title: Financial Services: Regulations and Ethics in


Module Code: GAC4003
Assessment Method: Coursework
Level: 4 Block: 1
Module Credits: 10 Weighting: 50%
Due Date: 23-Jun-2020, 09:00 PM Word Count: 1500
Examiner(s): Muhammad Saleem



Financial Services: Regulations and Ethics in Oman


Version: 1

Gulf College – Faculty of Business and Management Studies – In academic

  1. Written work
  • A signed declaration that the work is your own (apart from otherwise referenced acknowledgements) must be included after the reference page of your assignment Ø Each page must be numbered.
  • Where appropriate, a contents page, a list of tables/figures and a list of abbreviations should precede your work.
  • All referencing must adhere to School/Institutional requirements.
  • A word count must be stated at the end of your work.
  • Appendices should be kept to the minimum and be of direct relevance to the content of your work.
  • All tables and figures must be correctly numbered and labelled.
  1. Other types of coursework/assignments

Ø Where coursework involves oral presentations, discussions, poster presentations, etc., specific instructions will be provided by your module leader/team.




Rewrite below part just after the References of your assignment.


I, [Name of Student], hereby declare that the uploaded Coursework through Turnitin is my own work. I affirm that this has been researched and completed in accordance with the college rules and regulations on plagiarism.

I acknowledge the advice given by the module tutors on proper referencing to avoid plagiarism and the rules on the academic unfair practice.

I acknowledge that I read and understand the plagiarism guide written at the end of this assessment. Any academic misconduct will be handled according to the rules and regulations of the university.

Signature of Student

[Name of Student]

General instructions

Financial Services Regulations and Ethics in Oman

Coursework must be submitted online through Turnitin before due date. An acknowledgement will be given to you by your teacher upon presentation of the finance clearance. This is your receipt, keep it. 

The only circumstance in which assignments can be uploaded late via Turnitin is if a Mitigating Circumstances (MC) form is submitted at the same time. In these circumstances work may be submitted within five (5) working days. Make sure to secure MC form and submit the same to the concerned staff.

Write the number of words used, excluding references, at the end of your assignment. Provide the list of sources you used at the last page of your assignment with proper label ‘References’. You may include diagrams, figures etc. without word penalty. The number of words will be + or – 10% of the total words allowed.

A work declaration must be included just after the reference page of your assignment. This ensures that you prepare your work in good faith. Any form of collusion and/or academic unfair practice will be dealt with according to the pertinent rules and regulations of the partner university. Please read carefully the plagiarism guide.

Assessment Details

This Coursework comprises 50% of the total assessments marks. These will develop the following skills:

  • Writing skills- Through assessment task, students will be able to improve their writing skill which is needed in the workplace.
  • Application skills-With understanding and knowledge of the module, students will be able to compare products and services provided by different financial service providers.
  • Analytical skills- The reflection report enable the students to analyse and evaluate the functioning of economic system at macro level and decision making on economic issues.

In addition, the assessment will test the following learning outcomes:

LO1. Compare the different types of Oman financial services providers and products.

LO2. Analyse the effects of changes and trends in the market place on both providers and consumers

Assessment Task


“Cash – in savings accounts, short-term CDs or money market deposits – is great for an emergency fund. But to fulfil a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money”

Suze Orman

GAC4003 – Financial Services: Regulations and Ethics in Oman AY: 2019-2020 / 2nd Semester

Marking Scheme


  Description Marks Allocated

(150 words)

Discuss the inflation and its present situation in Oman. 15

(450 words)

 ( In a table )

Compare the role of central bank of Oman (CBO) with other commercial banks working in   Sultanate of Oman.

1.      General Role of central bank   –                    10marks

2.      Role of central bank as controller of credit -5marks

3.      Role of commercial banks  –                          10marks



(750 words)

Analysis of effects of inflation on consumers and on banks regarding the advancement of economy of Oman for the last three years


1.      Effects of inflation on consumers spending – 10 marks

2.      Effects of inflation on consumers savings –     10marks

3.      Effects of inflation on banks deposits-             10 marks

4.      Effects of inflation on banks’ loan products-  10 marks

Recommendation & Conclusion

(150 words)

Recommendation (10 Marks) Conclusion (10 Marks) 20


Use of Harvard Referencing system for both in-text citation and reference lists (5-10 references)  
  Total 100



  1. Plagiarism, which can be defined as using without acknowledgement another person’s words or ideas and submitting them for assessment as though it were one’s own work, for instance by copying, translating from one language to another or unacknowledged paraphrasing. Further examples of plagiarism are given below:

Use of any quotation(s) from the published or unpublished work of other persons, whether published in textbooks, articles, the Web, or in any other format, which quotations have not been clearly identified as such by being placed in quotation marks and acknowledged.

Use of another person’s words or ideas that have been slightly changed or paraphrased to make it look different from the original.

Summarising another person’s ideas, judgments, diagrams, figures, or computer programmes without reference to that person in the text and the source in a bibliography or reference list.

Use of services of essay banks and/or any other agencies.

Use of unacknowledged material downloaded from the Internet.

Re-use of one’s own material except as authorized by the department.


  1. Collusion, which can be defined as when work that has been undertaken by or with others is submitted and passed off as solely as the work of one person. This also applies where the work of one candidate is submitted in the name of another. Where this is done with the knowledge of the originator both parties can be considered to be at fault.


  1. Fabrication of data, making false claims to have carried out experiments, observations, interviews or other forms of data collection and analysis, or acting dishonestly in any other way.

Plagiarism Detection Software (PDS)

As part of its commitment to quality and the maintenance of academic standards, the University reserves the right to use Plagiarism Detection Software (PDS), including Turnitin. Such software makes no judgment as to whether a piece of work has been plagiarised; it simply highlights sections of text that have been found in other sources.

The use of plagiarism detection software fulfills two functions. The first is to enhance student learning (i.e. as a developmental tool); the second is to guard against and identify unfair practice in assessment.

Further information and guidance can be found in the University’s policy on the Use of Plagiarism Detection Software.

Financial Services: Regulations and Ethics in Oman

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