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.
Part 1: Evaluating the Cost of Bank Loans, Business Loans, Trade Credit, and Other Financing 1. Compute the cost of credit using different methods. 2. Calculate due dates. 3. Define and compute the cost of capital. Part 2: Budgeting and Profit Planning 1. Recognize the major steps in budget preparation. 2. Calculate a production budget. 3. Identify budget accuracy ratios. 4. Recognize importance of cash budgeting and the steps involved.
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