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Secure Transaction Essentials of Business Math
Format
Self-Study
Course Level
Overview
CPE Credits
4 Credits: Finance
Course Description
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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
- 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.
Course Specifics
SS324373661
February 20, 2024
There are no prerequisites.
None
116
Compliance Information
CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.
Meet The Experts
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …
QAS Self-Study
