Science - Course - Fundamentals of Mathematical Finance

Managing financial resources is of a critical importance in the support of all business activities. The course seeks to impart an understanding of the basic economy and accounting principles and their application. The formal study of managing financial resources introduces a toolkit that allows a better understanding of the performance of businesses, & the decisions & problems they face. The course includes: Investment and Investment Choice, Equivalence, Interest and Financial Mathematics, Present Worth, Annual Worth, Benefit/Cost ratio, Internal Rate of Return, Multiple Alternatives, Income Tax, Inflation, Risk Analysis, Loans, Cost of Capital, Retirement and Replacement, Sector Analysis and Viewpoint, Sensitivity Analysis, Accounting and Financial Statements. Arms, content and context of accounting statements, Profit and loss account and balance sheet, Working capital cycle, Cost accounting.