Business Math for the Math-Averse

Go from No Confidence to Pure Competence

What you'll learn
- Refresh your understanding of percentages, ratios, decimals, fractions and exponents
- Develop and/or strengthen your Excel skills using formulas and templates
- Learn time value of money concepts and calculations using real-world examples
- Understand the difference between simple and compound interest and the associated calculations
- Learn 3 ROI (Return on Investment) calculations and their importance
- Become familiar with income statements, balance sheets and financial ratio analysis
- Appreciate the importance of budgets, forecasts and perform variance analysis
- Examine the math typically used in market research & risk management activities, including statistical analysis
- Learn data analysis techniques & formulas, unleashing the power of Excel
- Calculate internal rate of return (IRR) using Excel and understand its importance in the leasing industry
- How to calculate simple and complex probability and place a monetary value on an uncertain outcome
- Perform breakeven analysis for both units and dollars

Requirements
- No math skills needed beyond addition, subtraction, multiplication, and division
- Some basic Excel skills are helpful but not required

Description
Does the idea of learning business math make you break into a cold sweat?  In about 3 hours we can overcome those fears and break down the complexity into easy to remember techniques that will have you interpreting the numbers and making fact-based decisions with confidence.  Maybe you're an entrepreneur who wants to better understand how to analyze your financial data.  Or perhaps you work for a company in a non-financial capacity and you want to make greater contributions by broadening your understanding of finance concepts.  If so, this course is for you.  Here is the approach we will take:

Refresh our understanding of math basics, including percentages, fractions, decimals, ratios and exponents

Warm up our Excel skills with some statistical functions, formulas and budget templates

Walk through time value of money concepts

Learn the difference between simple and compound interest, along with Excel formulas to make it simple

Understand return-on-investment and analyze internal rate of return using Excel

Analyze an income statement and become familiar with the key metrics

Monitor costs and efficiency while identifying the breakeven point for your business using Excel

Become conversant in statistical concepts such as mean, median, and standard deviation using Excel

Analyze a balance sheet and calculate the key ratios

Calculate probability for simple and complex scenarios and put a monetary value on uncertain outcomes

We will learn everything described above using nothing more than the 4 basic math operations (addition, subtraction, multiplication, division).  Some lectures are reinforced with Excel demos - strengthening your Excel skills as we progress.

Change your mindset from "I am not a math person" to "I understand business math" and take charge of the numbers and your career!

Who this course is for:
- Entrepreneurs or small business owners who have been told "You need to understand your numbers better"
- Individual contributors who want to have a broader impact in their career
- Anyone considering a career in accounting or finance who wants an introduction to business math
- Aspiring financial analysts
- Newly promoted managers or team leads who have budget responsibilities
- Marketing analysts & coordinators who want to understand basic statistics
- Those who have had a troubled relationship with numbers but need to understand the concepts
More Info