MTH221 - Mathematics

Outline information
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Last revision date 2017-11-21 10:24:53.015
Last review date 2017-11-21 10:25:22.123

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.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

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 Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.