Course

Business Mathematics

Faculty
Commerce & Business Administration
Department
Finance
Course code
FINC 1231
Credits
3.00
Semester length
15 Weeks X 4 Hours per Week = 60 Hours
Max class size
35
Method(s) of instruction
Lecture
Seminar
Course designation
None
Industry designation
None
Typically offered
To be determined

Overview

Course description
This course will provide an understanding of time value of money and its applications. Relevant mathematical concepts will be used to solve business problems. After a basic review of underlying mathematical and algebraic methodology, the course covers the mathematics of merchandising, linear break-even analysis, simple and compound interest, annuities, and amortization of loans and mortgages.
Course content
  1. Pertinent mathematics and algebra review: order of operations, ratios, proportions, percent, fractions, exponents, problem-solving logic, and weighted average.
  2. Application of linear functions to a variety of business problems, including percent change, payroll, foreign exchange, proration, trade discounts, mark-up, mark-down.
  3. Cost Volume Profit Analysis: linear break-even by quantity, dollar amount, percent of capacity.
  4. Simple interest:  time value of money, equivalent values, promissory notes, T-bills, commercial paper, demand loans.
  5. Compound interest:  present, future and equivalent values, effective and equivalent interest rates, using differing compounding and payment periods.
  6. Annuities:  ordinary, due, and deferred annuities, perpetuities, loan amortization, mortgages.
Learning activities

Material will be presented within an interactive lecture and seminar format.

Means of assessment

Assessment will be based on course objectives and will be carried out in accordance with the 51Ç鱨վ Evaluation Policy.

Instructors may use a student’s record of attendance and/or level of active participation in the course as part of the student’s graded performance. Where this occurs, expectations and grade calculations regarding class attendance and participation will be clearly defined in the Instructor Course Outline.

Term Exams (2-3)      

 40-60%
Final Exam 30-40%
Assignments 5-20%
Participation 0-5%
Total 100%
Learning outcomes

At the end of the course, the successful student should be able to:

  1. demonstrate mathematical and algebraic skills and use of logic to solve business-related problems;
  2. solve mathematics of merchandising problems, including cash and trade discounts, mark-up and mark-down;
  3. demonstrate competence in solving financial problems involving the calculation of simple and compound interest, annuities; and 
  4. solve basic linear problems in two variables and determine break-even positions in business.
Textbook materials

Textbooks and Materials to be Purchased by Students

1. Hummelbrunner, Halliday, and Hassanlou, Contemporary Business Mathematics with Canadian Applications, latest edition, Pearson Education

or alternate textbook approved by the Department.

2. Calculator: Texas Instruments BA II Plus OR as approved by the Department.
 

Requisites

Prerequisites

Pre-Calculus 11 (C or higher) or Foundations of Math 11 (C or higher) or MATU 0410  (C or higher) or an approved substitute,

OR currently active in the PDD in Financial Analysis, PDD International Business Management, PDD Financial Planning, PBD International Supply Chain Management, PBD Accounting and Finance, or PBD Finance.

Corequisites


None

Equivalencies

FINC 1230

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

(Current)

Course Transfers to Other Institutions

Below are current transfer agreements from 51Ç鱨վ to other institutions for the current course guidelines only. For a full list of transfer details and archived courses, please see the .

Institution Transfer details for FINC 1231
Acsenda School of Management (ASM) ASM BADM 120 (3)
BC Institute of Technology (BCIT) BCIT OPMT 1110 (4)
Camosun College (CAMO) CAMO FIN 110 (3)
Capilano University (CAPU) CAPU BADM 102 (3)
College of the Rockies (COTR) COTR OFAD 157 (1.5)
Coquitlam College (COQU) COQU BUSI 110 (3)
Kwantlen Polytechnic University (KPU) KPU BUQU 1130 (3)
Langara College (LANG) LANG MATH 1119 (3)
North Island College (NIC) NIC BUS 132 (3)
Okanagan College (OC) OC MATH 114 (3)
Simon Fraser University (SFU) No credit
Simon Fraser University (SFU) SFU BUS 2XX (3)
Thompson Rivers University (TRU) TRU MATH 1XXX (3)
Trinity Western University (TWU) TWU MATH 101 (3)
University of British Columbia - Okanagan (UBCO) No credit
University of British Columbia - Vancouver (UBCV) No credit
University of the Fraser Valley (UFV) UFV BUS 249 (3)
University of Victoria (UVIC) No credit
Vancouver Island University (VIU) VIU FNCE 1st (3)

Course Offerings

Winter 2026

CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
Anvil Office Tower
Room
609
Times:
Start Time
12:30
-
End Time
15:20
CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
Anvil Office Tower
Room
607
Times:
Start Time
15:30
-
End Time
18:20
CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
New Westminster - North Bldg.
Room
N4305
Times:
Start Time
12:30
-
End Time
15:20
CRN Days Instructor Status
Maximum seats
35
Currently enrolled
0
Remaining seats:
35
On waitlist
0
Building
Anvil Office Tower
Room
624
Times:
Start Time
18:30
-
End Time
21:20