|Author :||Jae K. Shim, Ph.D., CPA|
|CPE Credits :||17.5|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Management Services - Management Services for Course Id 1178
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|
|Prerequisites :||Basic Math and accounting.|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study.|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||24-Jan-2017|
|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 :||
2. Calculate due dates.
3. Define and compute the cost of capital.
2. Calculate a production budget.
3. Identify budget accuracy ratios.
4. Recognize importance of cash budgeting and the steps involved.
2. Recognize how regression analysis can be used, and the implication of regression statistics.
3. Recognize the attributes of the Chi-Square test.
2. Recognize how to manage cash and accounts receivable properly.
3. Calculate cash flow from operations and average collection periods.
2. Calculate inventory reorder point.
3. Recognize the concepts of the ABC inventory control method.
2. Calculate the relationships among price, costs, volume, and profit.
3. Identify how to calculate the break-even sales.
4. Recognize how the elasticity of demand affects total sales revenue.
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.
2. Identify how to use charting to help communicate business operations.
2. Identify attributes of the income statement.
2. Compute residual income and identify how it is different than ROI.
3. Recognize how marginal analysis can used for business decisions.
2. Compute standard deviation.
3. Recognize the coefficient of variation and the normal distribution.
2. Identify insurance terms such coinsurance and fair payment.
3. Identify the basis for how much insurance is needed.
2. Identify attributes of a benefits packages.
3. Recognize the cost factor of human resources and how it varies by organization types.
|Course Contents :||
Part 1: Evaluating the Cost of Bank Loans, Business Loans, Trade Credit, and Other Financing
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
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. “ What-if” Analysis
14. Budget Accuracy Ratios
Part 2 Review Questions
Part 3: Business Forecasting Methods
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˛ (Chi-Square) Test
Part 3 Review Questions
Part 4: Managing Cash and Receivables
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
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
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. Cost-Volume-Profit 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
57. Figuring the Risk-Return Trade-off
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 After-Tax 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 (Time-Adjusted 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
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 Costs-to-Sales Ratios
79. Charts and Graphs
Part 8 Review Questions
Part 9: Preparing Financial Statements
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?
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. Fixed-Asset 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 Off-Balance-Sheet 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. Fixed-Charge Coverage
109. Is Your Funds Flow Adequate?
110. Discretionary Cost Ratios
111. “Z-Score” Model: Forecasting Business Failure
Part 10 Review Questions
Part 11: Measuring Business Performance
112. Choosing Profitability Goals
113. Simple (Accounting) Rate of Return
114. Return on Total Assets
115. Residual Income
116. Flexible-Budget 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
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
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
133. Permutations and Combinations
134. Sizing up Human Resource Needs
135. Calculating the Cost of a Fringe Benefits Program
136. Determining Profit-Sharing Bonus
137. Employee Efficiency
Part 14 Review Questions
Part 15: Buying or Selling a Business
138. Determining How Much Your Business Is Worth
139. Valuing a Franchise
Part 15 Review Questions