Course Overview
This course discusses mathematics of finance concepts applicable to business and industry. Topics include retail operations, simple and compound interest, discounts, annuities, financial papers and depreciation methods. Emphasis is on practical applications to business management.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Domestic fees
$815.82
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:
- Apply concepts of proportion and percent to business areas such as mark-up, discounts, budget allocation.
- Analyze relationships between quantities such as cost, revenue, production volume and profit using standard functions and graphical techniques.
- Apply the time value of money.
- Calculate interest, present and future values using simple and compound interest.
- Analyse interest rates by finding equivalent and effective rates.
- Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
- Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.
- Select appropriate mathematical methods to analyze specific business problems.
Effective as of Fall 2014
Related Programs
Business Math for Managers (OPMT 3510) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Business Management - Advanced Diploma
Advanced Diploma Full-time/Part-time
Course Offerings
Winter 2027
Below is one offering of OPMT 3510 for the Winter 2027 term.
CRN 85305
Dates
Jan 07 - Apr 15 Loading
- CRN 85305
- $815.82 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
Sam Choo
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Registration requirements
Departmental approval is required to register for this course offering. You must have approval from the department to register. Students accepted into a program can register directly.
Important information
- This course is restricted to students currently enrolled in the Advanced Diploma in Business Management. Students accepted into the program starting fall 2021 or later were automatically granted approval to register. Students accepted before fall 2021 can email advdip@bcit.ca with their name and ID for registration approval. This is a hybrid course. Lecture content will be delivered asynchronously, and labs will be held in-person at the Burnaby campus on Thursdays.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
No approval yet? Request approval You must have approval from the department to register. Students accepted into a program can register directly.
Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.