Complete Business Math - 2023 (Text Based)

Complete Business Math for Accountants provides accountants, managers, and business entrepreneurs with the information, analyses, and insights necessary to analyze and calculate the consequences of a wide range of business financial strategies and problems. The ability to select the right operational technique is vital if the business is to survive, profit, and grow in today's uncertain economic environment. The owner of a small business must be able to make the right financial decision based on sound mathematical reasoning in order to run the business efficiently. They must understand the problem, and then apply math skills to solve it.

This course contains hundreds of filled-in examples, illustrations, practical applications, measures, procedures, rules of thumb, statistical data, exhibits, tables, graphs, and diagrams. They are presented to aid in the comprehension and successful solution of a particular problem. The reader will also learn when, why and how to use the appropriate computational method.

Learning Objectives:

1. Compute the cost of credit using different methods.

2. Calculate due dates.

3. Define and compute the cost of capital.

4. Recognize the major steps in budget preparation.

5. Calculate a production budget.

6. Identify budget accuracy ratios.

7. Recognize the importance of cash budgeting and the steps involved.

8. Identify different methods used for business forecasting.

9. Recognize how regression analysis can be used, and the implication of regression statistics.

10. Recognize the attributes of the Chi-Square test.

Instructional Method: Self-Study

Review Date: 4/6/2023

Required Components: Written Materials

CPE Final Exam Required Passage Grade: 70%

Please Note: This course must be completed within 1 year of the date of receipt of this course for CPE Credit.

Field of Study: Finance

Level of Knowledge: Basic

Prerequisites: Basic Math and Accounting

Advanced Knowledge: None

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FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.