Essentials of Business Math

Running a successful business requires a certain amount of familiarity with math. In the Essentials of Business Math course, we cover how to use math in a variety of applications, including data analysis, calculating interest, determining future values, and finding the amount of loan payments. We also show how to calculate price elasticity, determine a company’s breakeven point, and develop a sales forecast. In addition, we cover the mechanics of producing charts in Excel, since this is useful for gaining a better understanding of data. In short, this course is designed for anyone who wants to learn more about their business with some basic mathematical analysis.
Format

PDF Course

Level

Overview

Duration

4 Hours

Related Courses
Excel Formulas
Introduction to Excel

Course Information

Author: Steven Bragg
Course Number: FN1031

Learning Objectives
  • Identify the priorities in the order of operations.
  • Specify how the mean, median, and mode are derived.
  • Describe the contents of the simple and compound interest formulas.
  • Specify how to calculate markups and markdowns.
  • Identify the circumstances under which elastic and inelastic demand are present, and how these circumstances can be altered.
  • Recall how the contribution margin and margin of safety are calculated.
  • Specify the formula for the sales mix variance.
  • Describe the various methods for forecasting sales, and the advantages and disadvantages of each one.
  • Specify the forecasting method that requires the use of a smoothing constant.
  • Specify the information provided by a correlation coefficient.
  • Recall the techniques used to calculate forecasting error.
  • Recall the situations in which charts are a good tool for data interpretation.
  • Specify the characteristics of a chart sheet.
  • Identify the characteristics of the different types of charts.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Finance
Prerequisites: None
Advance Preparation: A working knowledge of Excel
Latest Review Date: April 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. 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 the 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.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.