Business Mathematics for Finance
Learn how to use all formulas and functions of Finance in excel i.e. Annuities, EMI, Beta, Std Deviation, Rate, TVM etc.
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What You Will Learn!
- Understanding percentages and interest rates is crucial for financial calculations.
- Students will learn how to calculate simple interest, compound interest, and how to convert between different interest rates.
- Calculation of variance, standard deviation and beta in excel
- This concept is central to finance. Students will learn how to calculate the present value and future value of money.
- Students will be able to understand about mean mode median in excel
- Annuities involve a series of equal payments made at regular intervals. Students will learn how to calculate the future value and present value of annuities.
- Students will be able to understand about loan amortization and its schedule in excel
- Students will learn about the principles of discounting and compounding, which are used to evaluate the value of investments
- Probability and statistics play a significant role in financial analysis.
- Students will learn how to use these concepts to make informed financial decisions and assess risk
- Time series analysis involves studying data collected over time to identify trends and patterns.
- Students may be exposed to financial software tools and spreadsheets like Excel
Description
Business Mathematics is designed to provide students with a solid foundation in mathematical concepts and techniques essential for decision-making in various business and economic contexts. The course integrates mathematical principles with real-world applications, emphasizing the development of quantitative skills relevant to business analysis and problem-solving.
Key Topics:
Basic Arithmetic and Algebraic Operations:
Review of fundamental arithmetic operations.
Algebraic expressions, equations, and inequalities.
Application of algebraic concepts to business scenarios.
Functions and Graphs:
Understanding and graphing linear and quadratic functions.
Exponential and logarithmic functions in business applications.
Analysis of functions to model and solve business problems.
Financial Mathematics:
Time value of money and its applications.
Simple and compound interest calculations.
Annuities, perpetuities, and their relevance to financial decision-making.
Probability and Statistics:
Introduction to probability theory.
Descriptive statistics for business data.
Inferential statistics and hypothesis testing.
Linear Programming:
Formulation and solution of linear programming problems.
Optimization techniques for resource allocation.
Business Applications:
Optimization in production and inventory management.
Break-even analysis and cost-volume-profit analysis.
Decision-making models in marketing and finance.
Data Analysis using Spreadsheets:
Utilizing spreadsheet tools for data organization and analysis.
Application of mathematical concepts in spreadsheet-based business scenarios.
Case Studies and Practical Applications:
Real-world case studies to demonstrate the application of mathematical concepts in business decision-making.
Collaborative problem-solving exercises to enhance critical thinking skills.
Assessment and Evaluation:
Assessment in this course will be based on a combination of assignments, quizzes, exams, and a final project. The emphasis is on both theoretical understanding and practical application. Regular practice and engagement with mathematical concepts will be crucial for success in this course.
Overall, Business Mathematics aims to equip students with the quantitative skills necessary for effective decision-making in the dynamic and data-driven business environment.
Who Should Attend!
- Finance & Accounting Students
- Finance Professionals
- Accountants
- Business Owners and Managers
- Economics and Business Students
- Investors
- Financial Planners
- Educators and Trainers
- Consultants
- Entrepreneurs and Start-up Founders