[ Pobierz całość w formacie PDF ]
Certificate Paper C3
FUNDAMENTALS OF
BUSINESS MATHEMATICS
For assessments in 2010 and 2011
Study Text
In this February 2010 new edition
•
Auser-friendly format for easy navigation
•
Regularfast forward summaries emphasising the key points in each chapter
•
Assessment focus points showing you what the assessor will want you to do
•
Questions and quick quizzes to test your understanding
•
Question bank containing objective test questions with answers
•
A full index
BPP's
i-Pass
product also supports this paper.
FOR ASSESSMENTS IN 2010 and 2011
First edition June 2006
Third edition February 2010
A note about copyright
Dear Customer
ISBN 9780 7517 8070 3
(previous edition 9780 7517 5281 6)
e-ISBN 9780 7517 8398 8
What does the little © mean and why does it matter?
Your market-leading BPP books, course materials and
e-learning materials do not write and update themselves.
People write them: on their own behalf or as employees of an
organisation that invests in this activity. Copyright law
protects their livelihoods. It does so by creating rights over
the use of the content.
British Library Cataloguing-in-Publication Data
A catalogue record for this book
is available from the British Library
Published by
Breach of copyright is a form of theft – as well as being a
criminal offence in some jurisdictions, it is potentially a
serious breach of professional ethics.
BPP Learning Media Ltd
Aldine House, Aldine Place
London W12 8AW
With current technology, things might seem a bit hazy but,
basically, without the express permission of BPP Learning
Media:
www.bpp.com/learningmedia
•
Photocopying our material is a breach of copyright
Printed in the United Kingdom
•
Scanning, ripcasting or conversion of our digital
materials into different file formats uploading them to
facebook or emailing the to your friends is a breach of
copyright.
Your learning materials, published by BPP Learning
Media Ltd, are printed on paper sourced from
sustainable, managed forests.
You can, of course, sell your books, in the form in which you
have bought them – once you have finished with them. (Is
this fair to your fellow students? We update for a reason.) But
the e-products are sold on a single user licence basis: we do
not supply 'unlock' codes to people who have bought them
second-hand.
All our rights reserved. No part of this publication may
be reproduced, stored in a retrieval system or
transmitted, in any form or by any means, electronic,
mechanical, photocopying, recording or otherwise,
without the prior written permission of BPP Learning
Media Ltd.
And what about outside the UK? BPP Learning Media strives
to make our materials available at prices students can afford
by local printing arrangements, pricing policies and
partnerships which are clearly listed on our website. A tiny
minority ignore this and indulge in criminal activity by
illegally photocopying our material or supporting
organisations that do. If they act illegally and unethically in
one area, can you really trust them?
We are grateful to the Chartered Institute of
Management Accountants for permission to reproduce
past examination questions. The suggested solutions
in the Answer bank have been prepared by BPP
Learning Media Ltd.
©
BPP Learning Media Ltd
2010
ii
Contents
Page
Introduction
The BPP Learning Media Study Text – The BPP Learning Media Effective Study Package – Help
yourself study for your CIMA assessment – Learning outcomes and syllabus content – The
assessment – Tackling multiple choice questions – Tackling objective choice questions
Part A Basic mathematics
1a Basic mathematical techniques ...................................................................................................................................................
1b Formulae and equations............................................................................................................................................................
Part B Summarising and analysing data
2 Data and information.................................................................................................................................................................
3 Data presentation ......................................................................................................................................................................
4a Averages .................................................................................................................................................................................
4b Dispersion ..............................................................................................................................................................................
5
Index numbers ........................................................................................................................................................................
Part C Probability
6
Probability ..............................................................................................................................................................................
7
Distributions ...........................................................................................................................................................................
Part D Financial mathematics
8
Compounding.........................................................................................................................................................................
9
Discounting and basic investment appraisal ...........................................................................................................................
Part E Inter-relationships between variables
10 Correlation and linear regression............................................................................................................................................
Part F Forecasting
11 Forecasting .............................................................................................................................................................................
Part G Spreadsheets
12 Spreadsheets ..........................................................................................................................................................................
Appendix: Tables and formulae
.....................................................................................................................................
Question bank
.........................................................................................................................................................................
Answer bank
.............................................................................................................................................................................
Index
.............................................................................................................................................................................................
Review form and free prize draw
iii
The BPP Learning Media Study Text
Aims of this Study Text
To provide you with the knowledge and understanding, skills and application techniques that you need if you are
to be successful in your exams
This Study Text has been written around the
Fundamentals of Business Mathematics
syllabus.
•
It is
comprehensive
. It covers the syllabus content. No more, no less.
•
It is written at the
right level
. Each chapter is written with CIMA's precise learning outcomes in
mind.
•
It is targeted to the
assessment
. We have taken account of guidance CIMA has given and the
assessment methodology.
To allow you to study in the way that best suits your learning style and the time you have available, by following
your personal Study Plan (see
You may be studying at home on your own until the date of the exam, or you may be attending a full-time course.
You may like to (and have time to) read every word, or you may prefer to (or only have time to) skim-read and
devote the remainder of your time to question practice. Wherever you fall in the spectrum, you will find the BPP
Learning Media Study Text meets your needs in designing and following your personal Study Plan.
To tie in with the other components of the BPP Learning Media Effective Study Package to ensure you have the
best possible chance of passing the exam (see
Learning to Learn Accountancy
BPP Learning Media's ground-breaking
Learning to Learn Accountancy
book is designed to be used both at the
outset of your CIMA studies and throughout the process of learning accountancy. It challenges you to consider
how you study and gives you helpful hints about how to approach the various types of paper which you will
encounter. It can help you
focus your studies on the subject and exam
, enabling you to
acquire knowledge
,
practise and revise
efficiently and effectively
.
iv
Introduction
[ Pobierz całość w formacie PDF ]