Application of algebra and financial mathematics to solve business and economic problems.
About this course
ACCT 1460 Business Mathematics introduces you to the mathematical tools used in accounting, finance, and general business management. You will move beyond basic arithmetic to explore how algebra and financial formulas solve real-world economic problems. The course focuses on practical applications, such as calculating interest, managing loans, and optimizing business resources.
You will work through a series of problem sets and a final project that simulates a business decision-making scenario. No prior programming experience is required, but you should be comfortable with algebra. This course is often taken by students who want a strong quantitative foundation before moving into more advanced accounting or financial planning courses.
Who takes this course
This course is an elective and does not belong to a specific program. It is commonly taken by students in the Accounting program, the Financial Planning graduate certificate, and the Bachelor of Applied Business — Accounting degree. It may also be used as an elective by students in the Business Administration program.
Credits: 3 · Hours: 45
Prerequisites
None
Learning outcomes
- Apply algebraic techniques to model business cost, revenue, and profit scenarios.
- Calculate simple and compound interest for short-term and long-term business investments.
- Evaluate the present and future value of annuities and loan amortization schedules.
- Analyze linear programming problems to determine optimal production or resource allocation.
- Interpret statistical data sets to support basic business forecasting and decision-making.
Evaluation
| Component | Weight (%) |
| Mid-term examination | 25 |
| Final examination | 35 |
| Problem sets and quizzes | 20 |
| Final business case project | 20 |