Author :  Jae K. Shim, Ph.D., CPA 
Status :  Production 
CPE Credits :  17.5 
IRS Credits :  0 
Price :  $127.95 
Passing Score :  70% 
NASBA Technical:  Yes 
Primary SubjectField Of Study:  Management Services  Management Services for Course Id 1178 
Description : 
Complete Business Math for Accountants provides accountants, managers, and business entrepreneurs with the information, analyses, and insights necessary to analyze and calculate the consequences of a wide range of business financial strategies and problems. The ability to select the right operational technique is vital if the business is to survive, profit, and grow in today's uncertain economic environment. The owner of a small business must be able to make the right financial decision based on sound mathematical reasoning in order to run the business efficiently. They must understand the problem, and then apply math skills to solve it.

Usage Rank :  0 
Release :  2016 
Version :  1.0 
Prerequisites :  Basic Math and accounting. 
Experience Level :  Overview 
Additional Contents :  Complete, no additional material needed. 
Additional Links : 
Complete Business Math for Accountants Western CPE

Advance Preparation :  None. 
Delivery Method :  SelfStudy. 
Intended Participants :  Anyone needing Continuing Professional Education (CPE). 
Revision Date :  24Jan2017 
NASBA Course Declaration :  Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. 
Approved Audience :  NASBA QAS  NASBA Registry  1178 
Keywords :  Management Advisory Services, Complete, Business, Math, Accountants, 2016, cpe, cpa, online course 
Learning Objectives : 
Part 1
2. Calculate due dates. 3. Define and compute the cost of capital. Part 2
2. Calculate a production budget. 3. Identify budget accuracy ratios. 4. Recognize importance of cash budgeting and the steps involved. Part 3
2. Recognize how regression analysis can be used, and the implication of regression statistics. 3. Recognize the attributes of the ChiSquare test. Part 4
2. Recognize how to manage cash and accounts receivable properly. 3. Calculate cash flow from operations and average collection periods. Part 5
2. Calculate inventory reorder point. 3. Recognize the concepts of the ABC inventory control method. Part 6
2. Calculate the relationships among price, costs, volume, and profit. 3. Identify how to calculate the breakeven sales. 4. Recognize how the elasticity of demand affects total sales revenue. Part 7
2. Calculate payback periods for different projects. 3. Calculate the present value and identify how to calculate the present value of an annuity. 4. Calculate the profitability index. 5. Define internal rate of return and capitalization rate. Part 8
2. Identify how to use charting to help communicate business operations. Part 9
2. Identify attributes of the income statement. Part 10
Part 11
2. Compute residual income and identify how it is different than ROI. 3. Recognize how marginal analysis can used for business decisions. Part 12
2. Compute standard deviation. 3. Recognize the coefficient of variation and the normal distribution. Part 13
2. Identify insurance terms such coinsurance and fair payment. 3. Identify the basis for how much insurance is needed. Part 14
2. Identify attributes of a benefits packages. 3. Recognize the cost factor of human resources and how it varies by organization types. Part 15

Course Contents :  Part 1: Evaluating the Cost of Bank Loans, Business Loans, Trade Credit, and Other Financing Learning Objectives 1. Understanding Simple Interest 2. Real (Effective) Interest Rate 3. The Cost of Credit: Annual Percentage Rate 4. Calculating Due Dates 5. Promissory Notes and Bank Discounts 6. Trade Credit 7. Receivables and Inventory Financing 8. Estimating the Cost of Debt and Equity Financing Part 1 Review Questions Part 2: Budgeting and Profit Planning Learning Objectives 9. Establishing a Budgeting System for profit Planning 10. What Is The Cost Structure? 11. Using Budgeting to Control Cash 12. Forecasting Cash Collections 13. Whatif Analysis 14. Budget Accuracy Ratios Part 2 Review Questions Part 3: Business Forecasting Methods Learning Objectives 15. Projecting Financing Needs 16. Naive Forecasting Models 17. Moving Averages 18. Exponential Smoothing 19. Regression Analysis 20. Regression Statistics 21. Simple Regression 22. Trend Equation 23. Decomposition of Time Series 24. Measuring Accuracy of Forecasts 25. Cost of Prediction Errors 26. c (ChiSquare) Test Part 3 Review Questions Part 4: Managing Cash and Receivables Learning Objectives 27. Cash Flow Statement 28. Using Float 29. Using a Lockbox to Get Money Sooner 30. Bank Reconciliation 31. Putting Excess Cash to Work 32. What Is the Equivalent Tax Yield? 33. Determining the Optimal Cash 34. Cash Ratios 35. Cash Flow from Operations 36. Cash Forecasting 37. Accounts Receivable Ratios 38. Managing Accounts Receivable Part 4 Review Questions Part 5: Controlling Inventory Learning Objectives 39. Inventory Ratios 40. How Much to Order (Economic Order Quantity) and When to Order (Reorder Point) 41. Calculating Quantity Discounts (EOQ with Quantity Discounts) 42. Determining Production Run Size 43. Allowing for Safety Stock 44. Calculating Inventory Dollar Burden 45. Using the ABC System for Inventory Control Part 5 Review Questions Part 6: Buying and Selling Products and Services Learning Objectives 46. Sales Ratios 47. How Good Is The Merchandise? 48. Factoring in Trade Discounts 49. Calculating Cash Discounts 50. Single Equivalent Discount and Chain Discount 51. Markup Calculations 52. Cost as a Basis 53. Commission Computation 54. CostVolumeProfit Analysis 55. Contribution Margin Analysis 56. How Does Product Demand React to a Price Change? Part 6 Review Questions Part 7: Putting Money to Work Learning Objectives 57. Figuring the RiskReturn Tradeoff 58. Opportunity Cost 59. How Many Years Does It Take to Get Your Money Back (Payback Period)? 60. How Do You Calculate Future Values? How Money Grows? 61. Determining Annual Deposits (Sinking Funds) 62. Determining the Number of Periods Required 63. Rules of 69 and 72 64. Computing Interest Rate 65. How to Calculate AfterTax Cash Flows 66. What Is Present Value? How Much Is Money Worth Now? 67. Calculating Loan Payments 68. Ranking Proposals and Projects 69. Determining Internal Rate of Return (TimeAdjusted Rate of Return) 70. Capitalization Rate 71. Gross Income Multiplier 72. Net Income Multiplier Part 7 Review Questions Part 8: Scheduling, Planning, and Efficiency Measures and Charting Learning Objectives 73. How Are Your Assets Operating? 74. Repairs and Maintenance Ratios 75. Maintenance and Repair Index 76. Utilization of Space 77. Efficiency Measurements 78. Direct CoststoSales Ratios 79. Charts and Graphs Part 8 Review Questions Part 9: Preparing Financial Statements Learning Objectives 80. Balance Sheet Basics 81. Income Statement (Profit and Loss Statement) 82. Ratios, Proportions, and Percentages Part 9 Review Questions Part 10: How Healthy Is The Business? Learning Objectives 83. Comparing Accounts over the Years (Horizontal Analysis) 84. Comparing Accounts within the Current Year 85. How to Use Index Numbers 86. Growth Rate 87. Current Ratio 88. Quick (Acid Test) Ratio 89. Operating Cycle 90. Are Your Defensive Assets Sufficient? 91. Working Capital 92. Liquidity Index 93. Assessing Asset Utilization (Turnover) 94. FixedAsset Ratios 95. Noncurrent Assets to Noncurrent Liabilities 96. Accounts Payable Ratios 97. Current Liability Ratios 98. How Much Debt Do You Have, and Can You Pay It? 99. What Obligations Are Pressing? 100. Ratios of OffBalanceSheet Assets and Liabilities 101. Earning Growth 102. Profit Margin 103. Sales to Current Assets 104. Sales to Current Debt 105. Analysis of Expenses 106. Can You Cover Interest Payments? 107. Operating Leverage 108. FixedCharge Coverage 109. Is Your Funds Flow Adequate? 110. Discretionary Cost Ratios 111. ZScore Model: Forecasting Business Failure Part 10 Review Questions Part 11: Measuring Business Performance Learning Objectives 112. Choosing Profitability Goals 113. Simple (Accounting) Rate of Return 114. Return on Total Assets 115. Residual Income 116. FlexibleBudget Variance 117. Variance between Actual Sales and Budgeted Sales 118. Variance between Actual Costs and Budgeted Costs 119. Price Variance 120. Quantity Variance 121. Salesperson Variances 122. Warehouse Cost Variance 123. Marginal Cost and Marginal Revenue Part 11 Review Questions Part 12: Averages, Expectations, and Variability in Business Activities Learning Objectives 124. Averages (Means): Simple and Weighted 125. Median and Mode 126. Expected Value and Standard Deviation 127. Coefficient of Variation 128. Normal Distribution Part 12 Review Questions Part 13: Adequacy and Cost of Insurance Coverage Learning Objectives 129. Determining How Much Insurance Is Needed 130. Factoring in Coinsurance and Copayment 131. Evaluating Insurance Risk 132. Estimating the Value of a Claim Part 13 Review Questions Part 14: Hiring and Compensating Employees Learning Objectives 133. Permutations and Combinations 134. Sizing up Human Resource Needs 135. Calculating the Cost of a Fringe Benefits Program 136. Determining ProfitSharing Bonus 137. Employee Efficiency Part 14 Review Questions Part 15: Buying or Selling a Business Learning Objectives 138. Determining How Much Your Business Is Worth 139. Valuing a Franchise Part 15 Review Questions Appendix Glossary 