Course Title: Business Mathematics
Course Code: AC 121
Credit Value: 3 Credits
Contact Hours:
Lectures: 3 hours per week
Practicals/Tutorials: 1 hour per week
Duration: 15 Weeks (One Semester)
Prerequisite: Mathematics and Quantitative Reasoning (or equivalent)
Primary Tools: Scientific calculator, spreadsheets (Microsoft Excel or equivalent), and financial tables
1. COURSE DESCRIPTION
Business Mathematics equips students with the quantitative skills required for accounting, commerce, economics, finance, and business decision-making. The course emphasises the application of mathematical techniques to practical business problems involving percentages, ratios, interest, annuities, depreciation, pricing, costing, and basic financial analysis.
The emphasis is on accuracy, interpretation, and practical application rather than abstract mathematical theory. Through real-world business scenarios, students develop the analytical and numerical competence required to support accounting functions, financial management, and commercial decision-making.
2. COURSE OBJECTIVES
By the end of this course, students should be able to:
Apply arithmetic and algebraic techniques to solve business-related problems.
Calculate and interpret percentages, ratios, proportions, and index numbers.
Compute simple and compound interest for financial transactions.
Analyse annuities, loans, and instalment payment schedules.
Perform depreciation and inventory-related calculations using recognised accounting methods.
Apply quantitative techniques to support sound financial and business decision-making.
3. LEARNING OUTCOMES
Upon successful completion of this course, students will be able to:
Solve business and financial problems using appropriate mathematical techniques.
Perform financial calculations relevant to accounting and business practice with accuracy.
Apply simple and compound interest, discounting, and annuity formulae to practical business situations.
Calculate depreciation using standard accounting methods and interpret the financial implications.
Analyse pricing, profit, cost, and break-even scenarios to support managerial decision-making.
Use spreadsheets to perform basic financial calculations, model business scenarios, and present numerical results effectively.