Business Mathematics
Overview
- Pertinent mathematics and algebra review: order of operations, ratios, proportions, percent, fractions, exponents, problem-solving logic, and weighted average.
- Application of linear functions to a variety of business problems, including percent change, payroll, foreign exchange, proration, trade discounts, mark-up, mark-down.
- Cost Volume Profit Analysis: linear break-even by quantity, dollar amount, percent of capacity.
- Simple interest: time value of money, equivalent values, promissory notes, T-bills, commercial paper, demand loans.
- Compound interest: present, future and equivalent values, effective and equivalent interest rates, using differing compounding and payment periods.
- Annuities: ordinary, due, and deferred annuities, perpetuities, loan amortization, mortgages.
Material will be presented within an interactive lecture and seminar format.
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% |
At the end of the course, the successful student should be able to:
- demonstrate mathematical and algebraic skills and use of logic to solve business-related problems;
- solve mathematics of merchandising problems, including cash and trade discounts, mark-up and mark-down;
- demonstrate competence in solving financial problems involving the calculation of simple and compound interest, annuities; and
- solve basic linear problems in two variables and determine break-even positions in business.
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
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.
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) | SFU BUS 2XX (3) |
Simon Fraser University (SFU) | No credit |
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 | More details |
---|---|---|---|---|
CRN
13047
|
Wed | Instructor last name
Lu
Instructor first name
Anderson
|
Course status
Open
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
13048
|
Thu | Instructor last name
Dong
Instructor first name
Zaidong
|
Course status
Open
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
14122
|
Tue | Instructor last name
Yamamoto
Instructor first name
Cleusa
|
Course status
Open
|
CRN | Days | Instructor | Status | More details |
---|---|---|---|---|
CRN
16111
|
Mon | Instructor last name
TBA
Instructor first name
(Faculty)
|
Course status
Open
|