MATH06036 2016 Mathematical Methods for Accountants

General Details

Full Title
Mathematical Methods for Accountants
Transcript Title
Mathematical Methods
Code
MATH06036
Attendance
N/A %
Subject Area
MATH - Mathematics
Department
BUS - Business
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Aiden Bell, Cillian OMurchu
Programme Membership
SG_BACCO_C06 202100 Higher Certificate in Business in Accounting L6
Description

This module will allow students to review existing mathematical skills and knowledge and to learn how to apply mathematical techniques to model and solve problems drawn from the business world.

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Demonstrate competence in numerical operations, algebraic manipulation and solving various algebraic equations.

2.

Solve linear programming problems by graphical methods.

3.

Perform calculations for measures of correlation and regression.

4.

Apply differentiation to business world problems.

Teaching and Learning Strategies

The student will engage with the content of the module through lectures and tutorials.

The student will develop and apply their learning through practical examples and exercise sheets.

Module Assessment Strategies

Written examination at the end of the semester and written examination & quizzes during the semester.

Repeat Assessments

The repeat assessment will involve a Repeat Exam.

Indicative Syllabus

 1. Basic Mathematics

  • Perform calculations using ratios and proportions
  • Simplify mathematical expressions and transpose formulae
  • Solving simultaneous equations
  • Solve first and second order algebraic equations and expressions involving expoenential and logarithmic functions

2. Linear Programming

  • Formulate LP problems
  • Solve LP problems using graphical method

3. Regression and Correlation

  • Draw scatter graphs
  • Calculate linear regression co-efficients
  • Calculate measures of correlation and rank correlation
  • Use the regression line for forecasting

4. Calculus

  • Derivatives of simple functions
  • Applications of calculus to business

5. Data Analysis using computers

  • Spreadsheets to generate values obtained in the previous sections.

 

 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous Assessment UNKNOWN 30 % OnGoing 1,2,3,4
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam UNKNOWN 70 % End of Term 1,2,3,4
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Lecture 3 Weekly 3.00
Tutorial Not Specified Practical exercise based on preceeding lecture in small groups 1 Weekly 1.00
Independent Learning UNKNOWN Self study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
1998-04-15 Foundation Mathematics Wiley
ISBN 0471970921 ISBN-13 9780471970927

Mathematics is finding ever wider areas of application as we seek to understand more about the way in which the natural world and the man-made environment operate and interact. In addition to the traditional use of mathematical models as design tools and for the prediction of the behaviour of many phenomena, mathematics is increasingly being used to model situations in many other disciplines including finance, management, politics and geography. Foundation Mathematics begins with a concise summary of arithmetic, basic algebra and a discussion of quadratics and cubics, strongly emphasising geometric ideas. Then follow the principles of Euclidean and Cartesian geometry and the concept of proof. Next are trigonometry, further algebra, functions and their inverses. Finally, the concepts of differential and integral calculus are introduced. Each chapter starts with a list of learning objectives and ends with a summary of key points and results. A generous supply of worked examples incorporating motivating applications is designed to build knowledge and skill. The exercises provided range in difficulty to aid consolidation and facilitate revision. Answers to the exercises, some including helpful hints, are placed at the end of each chapter. Foundation Mathematics together with its sequel Mathematics in Engineering and Science take the reader forward, in both content and style, from a level close to UK GCSE mathematics and its international equivalents to first year university-level mathematics. The concise and focused approach will help the student build the necessary confidence to tackle the more advanced ideas of the authors related book Mathematics in Engineering and Science (Wiley, 1998). This no-nonsense textbook will enable students to gain a basic grounding in the foundations of mathematics and will enable them to approach further study with confidence.

Recommended Reading
2013-01-21 Quantitative Methods for Business Decisions Cengage Learning EMEA
ISBN 1408064987 ISBN-13 9781408064986

This established and popular text is regarded as one of the clearest and most comprehensive in its field. David Eadson has joined Jon Curwin and Roger Slater in the author team, and together they have sought to offer a more compact book with all the qualities of the previous six editions, whilst strengthening the links to online support materials. The new edition has been enhanced to reflect the latest learning plans and techniques, providing students with all the tools they need to pass the typical Quantitative Methods course. Each chapter focuses on a selection of statistical techniques, illustrated with examples from across business, marketing, economics, finance, and public administration, to appeal to students across the business spectrum. Whilst all core material is covered in the book itself, the online offering has been bolstered to include Parts 6-8 covering 'Modelling', 'Mathematical Topics' and 'Student Guides' respectively, in addition to a wide range of other resources including datasets and extra learning tools. Visual signposts throughout the text guide the student to the online platform to provide a seamless interaction between the two thus providing a multi-faceted learning experience. The wide-ranging coverage provided makes this the ideal text for the teaching of quantitative methods across all business disciplines at undergraduate, MBA, and post-experience levels. This textbook is autopackaged with CourseMate. CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook and the textbook-specific website. CourseMate includes an integrated eBook and interactive teaching and learning tools including quizzes, flashcards, videos, and more and an EngagementTracker, a first-of-its-kind tool that monitors student engagement in the course.

Recommended Reading
2004-04-01 Business Mathematics and Statistics Cengage Learning EMEA
ISBN 1844801284 ISBN-13 9781844801282

The sixth edition provides a thorough grounding in basic mathematical and statisical techniques for business students, and students on a professional course such as accounting. The result is a comprehensive, user-friendly, testing oriented guide to quantitative methods for business.

Recommended Reading
2009-11-09 Applied Calculus Wiley
ISBN 0470556625 ISBN-13 9780470556627

This text is an unbound, binder-ready edition.
APPLIED CALCULUS, 4/E exhibits the same strengths from earlier editions including the "Rule of Four", an emphasis on concepts and modeling, exposition that students can read and understand and a flexible approach to technology. The conceptual and modeling problems, praised for their creativity and variety, continue to motivate and challenge students. The fourth edition gives readers the skills to apply calculus on the job. It highlights the applications' connection with real-world concerns. The problems take advantage of computers and graphing calculators to help them think mathematically. The applied exercises challenge them to apply the math they have learned in new ways. This develops their capacity for modeling in a way that the usual exercises patterned after similar solved examples cannot do. The material is also presented in a way to help business professionals decide when to use technology, which empowers them to learn what calculators/computers can and cannot do.

Module Resources

Non ISBN Literary Resources

Mustoe & Barry, 2008, Foundation Mathematics

Curwin, Jon., Slater, Roger  2008, Quantitative Methods for Business Decisions, 6th ed., Cengage Learning

Francis, A., 2004, Business Mathematics and Statistics, 6th ed., Thomson Learning

Hughes-Hallett, Deborah, 2009,Applied Calculus

Other Resources

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