Nelson Mandela University
Port Elizabeth, South Africa
Area of Study
Accounting, Business, Business Management
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Host University Units12
Recommended U.S. Semester Credits0
Recommended U.S. Quarter Units1
Hours & Credits
The purpose of this module is to develop an understanding of the basic principles and practices and their applications in a business environment.
The student will be able to:
solve simple and simultaneous algebraic equations;draw and interpret straight-line and two dimensional graphs;calculate and apply simple and compound interest;
calculate mark-ups, transport trade-offs and do profit and loss calculations;
determine ratios and proportions;
prepare cash budgets;
understand and determine break-even analysis;
determine EOQ, value of inventory and do ABC analysis (EOQ) = economic order quantity.
Equations and simple word problems.
Straight-line and two dimensional graphs.
Rounding and conversion tables.
Simple and compound interest.
Ratios and proportions.
Profit and loss calculations.