ACC 117 - Introduction to Financial Calculations 3 credits
This course helps students to build conceptual and quantitative skills related to transactions encountered in the worlds of finance, banking and commerce. Students will learn to prepare fundamental banking transactions including the use of promissory notes and mortgages to finance business and real estate transactions. Merchandising calculations, payroll preparation and sales and excise tax are studied extensively. The basics of insurance and stocks, bonds and mutual fund calculations are also considered in this course.
Successful completion of prerequisite courses MATH 93 Beginning Algebra OR MATH 94 - Foundations of Mathematical Reasoning AND READ 93 Foundations of College Reading or appropriate course placement.