Mathematics for Accounting

Nelson Mandela University

Course Description

  • Course Name

    Mathematics for Accounting

  • Host University

    Nelson Mandela University

  • Location

    Port Elizabeth, South Africa

  • Area of Study

    Mathematics, Statistics

  • Language Level

    Taught In English

  • 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.

    Hours & Credits

  • Host University Units

    12
  • Recommended U.S. Semester Credits
    0
  • Recommended U.S. Quarter Units
    1
  • 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.