Course details
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
Cost
$98.11 - $643.38 See individual course offerings below for actual costs.
Course offerings
Spring/Summer 2023
Below are six offerings of OPMT 1110 for the Spring/Summer 2023 term.
CRN 60671
Duration
Start any time
- 30 weeks
- CRN 60671
- $604.63
Continuous Entry, Distance or Online
This is an online learning course. Start any time. You have 30 weeks from the date you register to complete this course.
Instructor
Chris Kellman
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$604.63
Important information
- Internet delivery format.
-
A textbook and a course manual must be purchased at: BCIT Bookstore or online at: www.bcitbookstore.ca/distance/ Students must submit email address when registering. To be successful in our online courses, plan to spend 7-10 hours per course each week on your studies, starting Week 1.
Status
CRN 61411
Duration
Start any time
- 24 weeks
- CRN 61411
- $98.11
Continuous Entry, Distance or Online
This is an online learning course. Start any time. You have 24 weeks from the date you register to complete this course.
Instructor
Chris Kellman
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$98.11
Important information
- Available for re-registration (course extension) only.
- Departmental approval needed
-
This section is a 24 week extension only for Distance Education students whose original 30 week time limit is about to expire. Students who need more time to complete the Distance Education course should contact Ruth_MacKay@bcit.ca
Status
Online registration for this course offering is not available. However, you can still register by phone.
CRN 56735
Duration
Tue May 02 - Tue Aug 08 (12 weeks)
- 12 weeks
- CRN 56735
- $643.38
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
May 02 - Aug 08 | Tue | 13:30 - 17:00 | Burnaby SW01 Rm. 2016 |
Instructor
Daniel Anvari
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$643.38
Important information
-
This section is part of the Business Fundamentals (BFUN) Program (www.bcit.ca/study/programs/7985acert). As this is the case, the course will be taught in a way that accommodates the needs of English Language Learners. Please direct any inquiries to the Program Assistant, Sarah Chanway, at sarah_chanway@bcit.ca.
Status
CRN 21421
Duration
Tue May 30 - Thu Jul 13 (7 weeks)
- 7 weeks
- CRN 21421
- $643.38
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
May 30 - Jul 13 | Tue, Thu | 09:00 - 12:30 | Burnaby SE06 Rm. 205 |
Instructor
Myra Andrews
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$643.38
Important information
-
This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Status
CRN 50482
Duration
Tue May 30 - Thu Jul 13 (7 weeks)
- 7 weeks
- CRN 50482
- $643.38
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
May 30 - Jul 13 | Tue, Thu | 18:00 - 21:30 | Burnaby SE06 Rm. 204 |
Instructor
Myra Andrews
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$643.38
Important information
-
This course is very intense. It is designed primarily for students who have taken a similar course and want to improve their grade.
Status
CRN 66094
Duration
Tue Apr 11 - Tue Jun 27 (12 weeks)
- 12 weeks
- CRN 66094
- $643.38
Class meeting times
Dates | Days | Times | Locations |
---|---|---|---|
Apr 11 - Jun 20 | Tue | 18:00 - 22:00 | Online |
Jun 27 | Tue | 18:00 - 22:00 | Burnaby SW01 Rm. 2009 |
Instructor
Leslie Major
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Credits
4
Cost
$643.38
Important information
-
***Please note that you will have to attend the exam in person and on campus June 27 at 1600 in Building SW01 Room 2005*** This course is online and synchronous, therefore it requires that you be online on posted days and times that are shown in your myBCIT schedule.
Status
Full
This course offering is full. Please check this page for other currently available offerings or subscribe to receive email updates.
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
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