Course Overview
Reviews basic mathematics applicable to business and industry. Topics include consumer and commercial credit, simple and compound interest, financial instruments and discounting, annuities, mortgages, loans, sinking funds, leases, depreciation methods, capitalized costs, cash flow analysis, NPV and IRR. Emphasis is on maximum use of pre-programmed calculator and practical applications from the field of Financial Management.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Domestic fees
$697.67 - $712.64 See individual course offerings below for actual costs.
International fees are typically 3.4 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
Upon successful completion, the student will be able to:
- Identify the problem (e.g., to choose the most economical equipment).
- Formulate the problem elements into mathematical relationships and models.
- Use appropriate technology to assist in problem solving.
- Manipulate the relationship and models to provide a solution to the problem.
- Approximate the solution.
- Validate the solution.
- Apply concepts of proportion and percent to business areas such as markup, discounts, budget allocation.
- Utilize standard functions and graphical techniques to analyze relationships between quantities such as cost, revenue, production volume and profit.
- Apply the concept of the time value of money.
- Calculate interest, present and future values using simple interest.
- Calculate interest, present and future values using compound interest.
- Analyze interest rates by finding equivalent and effective rates.
- Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
- Calculate and compare interest on various forms of debt or investments.
- Create and use amortization tables for various debt instruments.
- Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.
Effective as of Fall 2005
Related Programs
Business Mathematics (OPMT 1110) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
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Course Offerings
Fall 2026
Below are five offerings of OPMT 1110 for the Fall 2026 term.
CRN 30813
Dates
Sep 12 - Dec 05 Loading
- CRN 30813
- $697.67 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 12 - Dec 05 | Sat | 10:30 - 14:30 | Downtown DTC Rm. 385 |
Duration
12 weeks
Instructor
Germain Tanoh
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- The following calculator is required for this course: BA II Plus / Financial Calculator by Texas Instruments. No class on Saturday, October 10.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 35401
Dates
Sep 01 - Dec 05 Loading
- CRN 35401
- $697.67 Domestic fees
Class meeting times
Duration
14 weeks
Instructor
Amy Goldlist
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Important course information will be sent to you prior to your course start date. Check your myBCIT email account to access this information.
- Please note that the lecture component for this course is online asynchronous, not requiring you to meet every week at a specific time, however, there will be specific timelines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date. ***Please note that this is a Hybrid course , both the midterm and the final exams will be in person at the Downtown campus Room 635 as follows: Midterm : Sat, October 24 at 9:30 am and Final : Sat, December 5 at 9:30 am
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 49522
Dates
Sep 08 - Nov 24 Loading
- CRN 49522
- $712.64 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 08 - Nov 24 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 3170 |
Duration
12 weeks
Instructor
Daniel Anvari
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 34885
Dates
Sep 11 - Dec 11 Loading
- CRN 34885
- $712.64 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 11 - Dec 11 | Fri | 18:00 - 21:30 | Burnaby NE01 Rm. 401 |
Duration
14 weeks
Instructor
Israr Rahimi
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- & The following calculator is required for this course: BA II Plus / Financial Calculator by Texas Instruments. No class on Wed, Sept 30 & Wed, Nov 11
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 33093
Dates
Sep 14 - Dec 07 Loading
- CRN 33093
- $712.64 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 14 - Dec 07 | Mon | 09:30 - 13:20 | Burnaby |
Duration
12 weeks
Instructor
Joe Ilsever
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- No Class: Oct 12 Thanksgiving Courses completed in this program may be applied toward full-time BCIT programs, depending on the specific program requirements and transfer policies. At the same time, students can work toward an Associate Certificate, providing a flexible pathway to further studies. Requirements for this course include access to a personal computer (BYOD) and a reliable internet connection, knowledge of computer file management, and the ability to download and install software applications. This section is part of the Business Fundamentals (BFUN) Program (www.bcit.ca/study/programs/7985acert). The course is designed to support a diverse range of learners and will be delivered in a clear and accessible manner. If you have any questions, please get in touch with bfun@bcit.ca. The following calculator is required for this course: BA II Plus / Financial Calculator by Texas Instruments.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
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