Essentials of Business Math FLEXCAST
Available Until
Your Desk
4.0 Credits
Member Price $98.00
Non-Member Price $113.00
Overview
Running a successful business requires a certain amount of familiarity with math. In this 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.
Highlights
Business math basics. Data analysis. Interest and related topics. Markups and markdowns. Price elasticity. Cost-volume-profit analysis. Sales forecasting. Charts.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other financial managers.
Objectives
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.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. 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 an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $113.00
Member Price $98.00