CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Complete Business Math for Accountants

Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
17 Credits: Finance

Course Description

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

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Compute the cost of credit using different methods.
  • Calculate due dates.
  • Define and compute the cost of capital.

Chapter 2

  • Recognize the major steps in budget preparation.
  • Calculate a production budget.
  • Identify budget accuracy ratios.
  • Recognize importance of cash budgeting and the steps involved.

Chapter 3

  • Identify different methods used for business forecasting.
  • Recognize how regression analysis can be used, and the implication of regression statistics.
  • Recognize the attributes of the Chi-Square test.

Chapter 4

  • Identify components of the cash flow statement and different financing activities.
  • Recognize how to manage cash and accounts receivable properly.
  • Calculate cash flow from operations and average collection periods.

Chapter 5

  • Identify key concepts behind the economic order quantity (EOQ).
  • Calculate inventory reorder point.
  • Recognize the concepts of the ABC inventory control method.

Chapter 6

  • Recognize sales ratios used by management.
  • Calculate the relationships among price, costs, volume, and profit.
  • Identify how to calculate the break-even sales.
  • Recognize how the elasticity of demand affects total sales revenue.

Chapter 7

  • Recognize how the risk-return tradeoff is important in decision making.
  • Calculate payback periods for different projects.
  • Calculate the present value and identify how to calculate the present value of an annuity.
  • Calculate the profitability index.
  • Recognize internal rate of return and capitalization rate.

Chapter 8

  • Recognize some commonly used operating ratios
  • Identify how to use charting to help communicate business operations

Chapter 9

  • Recognize the components of the balance sheet, including assets and equity.
  • Identify attributes of the income statement.

Chapter 10

  • Recognize different ratios used in financial analysis, including liquidity, debt and profitability ratios.

Chapter 11

  • Identify how management can use and improve ROI.
  • Compute residual income and identify how it is different than ROI.
  • Recognize how marginal analysis can used for business decisions.

Chapter 12

  • Calculate average (mean), median, and mode.
  • Compute standard deviation.
  • Recognize the coefficient of variation and the normal distribution.

Chapter 13

  • Recognize different types of insurance
  • Identify insurance terms such coinsurance and fair payment
  • Identify the basis for how much insurance is needed

Chapter 14

  • Recognize how to determine human resource needs
  • Identify attributes of a benefits packages
  • Recognize the cost factor of human resources and how it varies by organization types

Chapter 15

  • Recognize different methods used for determining the price of a business.

Course Specifics

Course ID
3218056
Original Release Date
October 31, 2021
Number of Pages
451
Prerequisites

Basic Math and Accounting

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Complete Business Math for Accountants

Expert Instructors
Format
CPE CREDITS
17 Credits: Finance

$391.00$431.00

Clear
Icon_Self-Study
Self-Study
Icon_Level
Basic
Credits
CPE Credits
17 Credits: Finance

Course Description

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

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Compute the cost of credit using different methods.
  • Calculate due dates.
  • Define and compute the cost of capital.

Chapter 2

  • Recognize the major steps in budget preparation.
  • Calculate a production budget.
  • Identify budget accuracy ratios.
  • Recognize importance of cash budgeting and the steps involved.

Chapter 3

  • Identify different methods used for business forecasting.
  • Recognize how regression analysis can be used, and the implication of regression statistics.
  • Recognize the attributes of the Chi-Square test.

Chapter 4

  • Identify components of the cash flow statement and different financing activities.
  • Recognize how to manage cash and accounts receivable properly.
  • Calculate cash flow from operations and average collection periods.

Chapter 5

  • Identify key concepts behind the economic order quantity (EOQ).
  • Calculate inventory reorder point.
  • Recognize the concepts of the ABC inventory control method.

Chapter 6

  • Recognize sales ratios used by management.
  • Calculate the relationships among price, costs, volume, and profit.
  • Identify how to calculate the break-even sales.
  • Recognize how the elasticity of demand affects total sales revenue.

Chapter 7

  • Recognize how the risk-return tradeoff is important in decision making.
  • Calculate payback periods for different projects.
  • Calculate the present value and identify how to calculate the present value of an annuity.
  • Calculate the profitability index.
  • Recognize internal rate of return and capitalization rate.

Chapter 8

  • Recognize some commonly used operating ratios
  • Identify how to use charting to help communicate business operations

Chapter 9

  • Recognize the components of the balance sheet, including assets and equity.
  • Identify attributes of the income statement.

Chapter 10

  • Recognize different ratios used in financial analysis, including liquidity, debt and profitability ratios.

Chapter 11

  • Identify how management can use and improve ROI.
  • Compute residual income and identify how it is different than ROI.
  • Recognize how marginal analysis can used for business decisions.

Chapter 12

  • Calculate average (mean), median, and mode.
  • Compute standard deviation.
  • Recognize the coefficient of variation and the normal distribution.

Chapter 13

  • Recognize different types of insurance
  • Identify insurance terms such coinsurance and fair payment
  • Identify the basis for how much insurance is needed

Chapter 14

  • Recognize how to determine human resource needs
  • Identify attributes of a benefits packages
  • Recognize the cost factor of human resources and how it varies by organization types

Chapter 15

  • Recognize different methods used for determining the price of a business.

Course Specifics

Course ID
3218056
Original Release Date
October 31, 2021
Number of Pages
451
Prerequisites

Basic Math and Accounting

Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Delta CPE LLC Headshot
Delta CPE LLC

For many years, Delta CPE LLC has offered a wide variety of continuing education courses for financial professionals. Topics covered by Delta’s courses include accounting, financial management, budgeting, investments, financial statement reporting, business management, IFRS, ethics, valuations, real estate, and business writing. The diversity and breadth of Delta’s course offerings make the company a prolific and unique contributor to the CPE world. Delta’s well-credentialed authors and contributors have also been published in numerous academic and professional journals and quoted by some of the leading financial media outlets.

Complete Business Math for Accountants

Expert Instructors
Format
CPE CREDITS
17 Credits: Finance

$391.00$431.00

Clear