Business and Math Accounting - Course Description
Friday, August 22, 2014
This course begins with methods of data organization. We learn how elementary statistical tools can provide organizations with a basis for decision-making. In particular, we considered how surveys can provide a representative sample of a population that needs assessment. We then learn how the data gathered can be grouped into frequency classes, how a frequency table is constructed and how these findings represented graphically in a survey response histogram. Our focus then shifts to how an organization can develop a clear picture of the flow of activity (and money) between itself and other entities by means of accounting procedures. In particular, we learn how business transactions can be recorded and analyzed with the help of double entry bookkeeping and the use of financial statements.