MTH221 - Mathematics

Outline information
Schools offering this subject
Last revision date Sep 24, 2018 12:44:33 AM
Last review date Dec 3, 2018 12:18:14 AM

Subject Title

Subject Description
.This course focuses on developing practical mathematical skills for both financial and accounting applications. Students will be expected to become conversant in topics that include ratios and percentages, the time value of money, and simple interest, and loans.  In addition students will also be introduced to the fundamentals of financial statement analysis and the concept of depreciation.

Credit Status
One Credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

. Apply ratios, proportions, and percentages to solve a variety of business problems
2. Convert currency amounts between countries and use exchange rates to determine cost of goods purchased in foreign countries
3. Solve commercial problems involving simple interest, discounts, and partial payments
4. Analyze problems involving the time value of money, compound interest and compound discount, using formulae or a financial calculator
5. Analyze a variety of annuity related financial products such as loans and leases
6. Utilize the language of accounting and identify the uses and the application of accounting information for various users
7. Explain the nature, the general purpose, and interrelationships of the Balance Sheet and the Statements of Income, Retained Earnings and Cash Flow 

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Execute mathematical operations accurately.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.