Basic Business Math Skills Curriculum Outline
Whole Numbers, Fractions, and Equations
Overview/DescriptionWhat are whole numbers and how are they estimated? How are fractions used in mathematical operations? How do you find the unknown variable to solve an equation? The answers to questions like these are covered in this course on the building blocks of business math. Learners will review crucial terms, basic mathematical concepts, and how to apply concepts to the business environment
Target AudienceAnyone who needs to apply basic math skills to business
Expected Duration4 Hours
Lesson Objectives:Using Whole Numbers to Estimate - Recognize the value of using and rounding whole numbers to estimate in business applications
- Match whole numbers, fractions, and mixed numbers to examples
- Round numbers to specified place values
- Round whole numbers to a given place value and use those numbers to make an estimate in a business scenario
Using Fractions - Recognize the benefits of using fractions in the workplace
- Convert the improper fractions to mixed numbers
- Solve an addition or subtraction problem using fractions
- Multiply fractions
- Solve a multiplication problem using fractions
- Divide fractions
- Solve a division problem using fractions
- Choose the necessary operation to solve a problem using fractions, and solve the problem, in a given workplace situation
Solving Equations - Recognize the benefits of knowing how to solve equations in a workplace environment
- Convert a business problem into an equation
- Convert a problem into an equation and solve that equation in a given workplace scenario
- Sequence the rules of order of operations
- Apply the order of operations to solve an equation in a hypothetical workplace scenario
Back to ListDecimals and Percents
Overview/DescriptionA basic understanding of decimals and percentages is key to any businessperson, whether tallying costs for warehouse supplies or estimating resource allocation. This course instructs the learner in the following: how to use decimals, including addition, subtraction, multiplication, and division; how to solve problems involving percentages to determine portions, a rate, a whole unit, and increases and decreases--and how to apply these operations in business settings
Target AudienceAnyone who needs to apply basic math skills to business
Expected Duration2 Hours
Lesson Objectives:Using Decimals - Recognize the importance of understanding decimals in the workplace
- Match various digits in a decimal number with their appropriate place values
- Add and subtract decimals
- Add or subtract decimals to solve a problem in a hypothetical business situation
- Multiply decimals
- Multiply decimals to solve a problem in a given business scenario
- Divide decimals
- Divide decimals to solve a problem in a hypothetical business situation
Using Percents - Recognize the benefit of knowing how to work with percents
- Compare partial quantities of a whole unit using simple percentages
- Calculate portion, given rate and base
- Calculate portion in a hypothetical business scenario
- Calculate rate, given portion and base
- Calculate the percent of one number compared to another in a given business situation
- Calculate base, given portion and rate
- Calculate the base in a hypothetical business scenario, given portion and rate
Back to ListRatios, Averages and Graphs
Overview/DescriptionWhether tracking profitability or portraying the rate of inventory consumption, knowledge of ratios and averages is indispensable in the business world. Using real-world scenarios, this course explains the concepts of ratio, proportion, and how to compare different kinds of numbers; and discusses simple, weighted, and moving averages
Target AudienceAnyone who needs to apply basic math skills to business
Expected Duration2 Hours
Lesson Objectives:Using Ratios - Recognize the benefits of using ratios in the workplace
- Reduce ratios to their simplest forms
- Express ratios as decimal numbers and percentages
- Determine the correct ratio in a given scenario and convert it to a decimal or percentage
- Solve for the missing variable in a pure math problem
- Solve for an unknown quantity in two business scenarios given an equality between two ratios
- Solve rate problems using the appropriate method
- Solve for the missing variable in rate problems, given hypothetical business situations
Using Averages - Recognize the value of using averages in the workplace
- Solve a problem determining a simple average
- Determine a weighted average in a pure math problem
- Solve a problem to determine a weighted average in a hypothetical scenario
- Calculate a moving average in a pure math problem
- Solve a problem to determine a continuing simple moving average in a business scenario
Back to List
Basic Business Math Skills
Every business needs a way to keep track of the funds coming in and going out. Math may not have been your strong point in
school, but now you need to gain control and implement order within your company’s budget.
You’re probably quite busy running the show and don’t really have the time to go back to school to learn accounting.
CBT Direct will help you excel at solving equations, tracking profitability or costs, figuring out your budget and the basic
math skills of working with percentages, ratios, graphs, etc. You will progress from entry to mid level accounting and on to
managerial accounting in a fraction of the time it would take with traditional schooling.
CBT Direct equals valuable soft skills you can add to your qualifications today!
Basic Business Math Skills
