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Course Description
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Course Name
Mathematics for Accounting
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Host University
Nelson Mandela University
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Location
Port Elizabeth, South Africa
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Area of Study
Mathematics, Statistics
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Language Level
Taught In English
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Course Level Recommendations
Lower
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.
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Host University Units
12 -
Recommended U.S. Semester Credits0
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Recommended U.S. Quarter Units1
Hours & Credits
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Overview
Syllabus
PURPOSE
This module will equip students with the necessary knowledge of operational research and financial Mathematics as required in a number of commerce and construction management degree programmes.LEARNING OUTCOMES
After completion of this module, students will be able to:- use a financial calculator to do a variety of financial calculations;
- perform interest and annuity calculations;
- account for missed payments and changes in interest rates;
- evaluate multiple transaction cash flow streams;
- recognise the time value of money;
- solve Linear Programming problems using the corner-point method;
- calculate ranges of optimality;
- minimise transportation cost using the North-West corner method;
- plan projects with PERT and CPM.
CORE CONTENT
- The basic theory of interest and annuities.
- Time value of money (including missed payments, changes in interest rates, amortization tables and sinking funds).
- Linear programming.
- Sensitivity analysis.
- Elementary matrix algebra.
- Transportation problems.
- PERT networks.