Mathematics for Accounting and FinanceLaajuus (5 cr)

Objectives

Students apply percentage and interest rate calculation in various business calculations. Students have compound interest calculation tools for funding calculations.

The student
- is able to apply percentage calculation in various financial calculations
- is able to apply interest and compound interest calculations in funding calculations
- is able to use calculations to identify regularities related to financial concepts
- knows the impacts of changes in the value of money and is able to explain them in calculations
- is able to do cross currency calculations and calculations on the effects of changes in the value of the euro
- is able to use spreadsheet tools in calculations

Content

How are percentage calculations used effectively in various situations?
How are return on capital or price related calculations made?
What regularities are there between different financial concepts?
How is change in the value of money taken into account in calculations?
How to do currency calculations and what are the effects of value changes in currency (e.g. euro)?
How are funding calculations made and what tools does spreadsheet provide for making these calculations?