Complete Business Math for Accountants ON DEMAND

Overview

This is an essential course for professionals seeking to enhance their understanding and application of business mathematics in real-world scenarios. The course offers a treasure trove of filled-in examples, illustrations, and practical applications covering various aspects of business finance. From computing the cost of credit and capital to analyzing budget accuracy and cash flow management, this course addresses key areas that are crucial in today’s business landscape. It delves into forecasting methods, regression analysis, inventory control, and financial ratio analysis, providing a robust foundation for strategic decision-making. By the end of this course, participants will not only have gained a deeper understanding of vital financial concepts but also the ability to apply mathematical reasoning to solve business problems effectively, thereby enhancing the operational efficiency and profitability of their organizations.

Highlights

Budgeting and profit planning. Managing cash and receivables. Buying and selling products and services. Scheduling, planning, and efficiency measures. Measure business performance. Adequacy and cost of insurance coverage. Buying or selling a business.

Prerequisites

None.

Designed For

CPAs, auditors, consultants, and financial and managerial professionals.

Objectives

Compute the cost of credit using different methods. Calculate due dates. Define and compute the cost of capital. Recognize the major steps in budget preparation. Calculate a production budget. Identify budget accuracy ratios. Recognize the importance of cash budgeting and the steps involved. 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. 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. Identify key concepts behind the economic order quantity (EOQ). Calculate inventory reorder point. Recognize the concepts of the ABC inventory control method.