Penn Foster Math for Business and Finance to TESC

[freedegreefree]

Hello,

Question. Since I've taken MAT 106 - Math for Business and Finance @ PF w/ACE Credit Recommendation (below), will it transfer in the BSBA as a General Elective - Mathematics? Its the only space I have available for the course.

All insight is greatly appreciated!

b.


Math for Business and Finance (MAT 106) ((MAT 106))

Credit Type: Course
ACE Course Number: 0056
Organization: Penn Foster College
Location: Self-study
Length: Correspondence program
Dates Offered: 6/1/2007 - Present
Objective: To provide the student with a foundation in basic mathematical operations required for entry level contemporary business positions.
Learning Outcome: Upon the successful completion of this course, the student will be able to perform basic operations using whole numbers, fractions, decimals, and percents; understand and use a checking account and prepare a bank statement reconciliation; understand, write, and solve business-related equations; perform basic business-related math involving invoices, trade and cash discounts, markup and markdown, payroll, simple interest and promissory notes, and compound interest and present value; apply knowledge of business math to annuities, consumer and business credit, mortgages, financial statements and ratios, inventory, and depreciation; apply knowledge of business math to taxes, insurance, and investments; and interpret business date and statistics and present them in an understandable format.
Instruction: Major topics covered in the course are a review of basic operations; fractions, decimals, and percents; using equations to solve business problems; business-related math topics including invoices, trade and cash discounts, markup and markdown, payroll, simple interest and promissory notes, and compound interest and present value; annuities; sinking funds and amortization; consumer and business credit; mortgages; financial statements and ratios; inventory; depreciation; taxes-sales and excise, property, and income; life, property, and motor vehicle insurance; stocks, bonds, and mutual funds; and business statistics and data presentation including data interpretation, measures of central tendency, and frequency distribution. Methods of instruction include self-study, study guides, textbooks, unit tests, and proctored final examination.
Credit Recommendation: In the lower division baccalaureate/associate degree category, 3 semester hours in Business Math. (6/07) NOTE: Credit should be awarded for either this course or Mathematical Applications (MAT 102) but not for both courses.

[sanantone]

If it's transcribed as business math by TESC, it will either count as a business elective or free elective if you don't have room. It's BUS-161 at TESC.

[29palms]

I had a bit of a chuckle on this one. I took PERSONAL FINANCE coorespondence course through MCI, (Marine Corps Institute) which taught me how to reconcile bank statements, write checks, but they put a "Marine Corps" twist to it. It taught me how to read our LEAVE AND EARNINGS STATEMENTS. Which is basically, a military pay stub that shows you all this coding and junk you don't even understand when you read it. They incorporated this into a PERSONAL FINANCE course. I have to admit, it was very handy at the time for me. Ace evaluated as good for only 1 credit, and in my SMART transcripts. I guess there is a difference between a college level PERSONAL FINANCE course versus the Marine Corps version of one. My guess is they took the basics or meat and potatoes of the course, and discarded the graphs and all those toys and whistles college books have these days to justify their 250 dollars per book and change every year so they keep on rolling in the dough! My MCI course actually had a workbook in it to write practice checks on. Have never bounced a check nor run into financial issues because of poor financial discipline.