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what basic math sttuf i should learn before i start an accounting course?
am obliged to study accounting then finance to complete my mba program. i'm really really bad in math but there's no opition but to make it. Please advise me what subjects i should learn in math before i start my accounting course, so i can make it.
4 Answers
- Anonymous9 years agoFavorite Answer
Accounting requires very little actual math. All you need to know is how to use a calculator, the rest is basic arithmetic. Finance has more maths than accounting.
I do not know why people think accounting is hard maths, it is just basic additions and subtractions. Nothing past year 10 math in accounting. Not even calculus.
The hardest math you would come across in accounting would be like :
Solve 3x+2 =4
If you can solve that then you can do maths in accounting.
- Tony RBLv 79 years ago
Your first class in accounting will be an introduction to bookkeeping, which uses very little math. Bookkeeping is knowing what categories to record money in. Income versus expenses. Credits versus debits. It's all detail, very few calculations. And you have to pay a great deal of attention to that detail. It's easy to get mixed up. The only math you need is high school math.
I've never taken a finance course, but I think it requires using logarithms and exponentials and such. All on the calculator. There is also probably some algebra involved. You should ask your course advisor what the math requirements are as the college has its own rules. If you have not taken any math classes for a long time, you will need a refresher course. You could audit an algebra class for that (no tests, but you still have to pay for it, that's the price).
- RussLv 49 years ago
the short answer is addition and subtraction. These are the two most important. Remember in accounting that all ledgers and sheets MUST balance out. Therefore whatever you add to 1 account needs to be subtracted from another.
- 9 years ago
Not a lot I don't think. Try to get your percentage increases and decreases sorted. Ratios and basic statistics ie interpreting graphs. I have very little accounting experience but I can't imagine it would be much more than that.