Showing posts with label business math. Show all posts
Showing posts with label business math. Show all posts

Business Math For Dummies Review

Business Math For Dummies
Average Reviews:

(More customer reviews)
I am really sorry for the pun ( plain Jane )in the title I gave but I was expecting more than a boring rehash .
It seems the book has been put together to advertise for other books written by the author previously for the Dummies series.
An example of this : on page 14 in the paragraph before the last she writes " Tables of information can be transformed into spreadsheets of matrices ...(Matrices aren't covered in this book, but if you'd like, you can find information on them in Algebra II For Dummies, published by Wiley).
She did not even mention she is the author of this Algebra II . I could give other examples of plugs either for her other Dummies books or writer colleagues in the Dummies series.
NO problems or exercises to solve at the end of each chapter with their solutions but one or two lone simple solved problems after explaining the concept.
On page 12, to explain Exponents , she took three lonely short lines and that's it.
The numbers are difficult to read as they are printed in small size , as for example on fractions : you will need strong correcting lenses to read the fractions .
She tends to take one full page to explain " rounding to the nearer digit " with only three examples. I would have preferred fewer words to explain but MORE solved exercises.
Nevertheless, she did take the time to explain the concepts with a simple exercise or problem.
Worth reading ? Yes, but to gain a command you will need a Schaum's Outline Business Mathematics Schaum's Outline of Basic Business Mathematics, 2ed (Schaum's Outline Series) to really feel in control.

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Now, it is easier than ever before to understand complex mathematical concepts and formulas and how they relate to real-world business situations. All you have to do it apply the handy information you will find in Business Math For Dummies. Featuring practical practice problems to help you expand your skills, this book covers topics like using percents to calculate increases and decreases, applying basic algebra to solve proportions, and working with basic statistics to analyze raw data. Find solutions for finance and payroll applications, including reading financial statements, calculating wages and commissions, and strategic salary planning.
Navigate fractions, decimals, and percents in business and real estate transactions, and take fancy math skills to work. You'll be able to read graphs and tables and apply statistics and data analysis. You'll discover ways you can use math in finance and payroll investments, banking and payroll, goods and services, and business facilities and operations. You'll learn how to calculate discounts and markup, use loans and credit, and understand the ins and outs of math for business facilities and operations. You'll be the company math whiz in no time at all! Find out how to:
Read graphs and tables
Invest in the future
Use loans and credit
Navigate bank accounts, insurance, budgets, and payroll
Calculate discounts and markup
Measure properties and handle mortgages and loans
Manage rental and commercial properties

Complete with lists of ten math shortcuts to do in meetings and drive your coworkers nuts and ten tips for reading annual reports, Business MathFor Dummies is your one-stop guide to solving math problems in business situations.

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Mastering Financial Calculations: A Step-by-Step Guide to the Mathematics of Financial Market Instruments (Financial Times Series) Review

Mastering Financial Calculations: A Step-by-Step Guide to the Mathematics of Financial Market Instruments (Financial Times Series)
Average Reviews:

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I am using the most recent edition (1999, ISBN027362587X) of this excellent book published by FT Prentice Hall.
This book is a concise and informative guide to the concepts and mechanics (maths) and application of financial instruments.
The author has managed to cover the wide area of financial instruments and business maths in the most concise and informative manner possible.
The added bonus of this book is that it could have been "unintentionally" written as a companion with HP financial calculator-the HP12c and the HP19BII.
New & existing owners of the HP12c, would find this book to be an excellent and indispensible guide and practice workbook.
Working through the examples in the book with my HP12c has helped me familarise with the RPN mode/logic of performing financial maths at the same time as I apply my understanding of the underlying concepts to the exercise questions and illustrative examples.
I am impressed that the author had even included detailed key strokes of both the HP 12c and 19BII calculators with each illustrated examples and answers to practice questions as well! Although there is afew minor errors but the overall effort is great efforts and attention to details.
This book is really true to its name, I would certainly recommend Mr Steiner's excellent work and effort to anyone who needs a refresher or an introductory course into financial instruments for both work and study.
Judging by the author's excellent effort, it would be difficult for the author himself to improve on his own work unless there are major new developments in the subject matter or if the author wishes to cover more complex and specialist areas.
A five star+ effort in my humble opinion.

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"Mastering Financial Calculations" starts by introducing the fundamentals of financial market arithmetic, including the core concepts of discounting, net present value, effective yields and cashflow analysis, and then shows you step-by-step how to master the essential calculations and financial techniques for using the full range of products in the markets.The links between the different instruments and the resulting arbitrage opportunities are fully explored, together with the practical difficulties. Making use of many worked examples and practical exercises, the book goes on to explain concepts such as forward pricing, duration analysis, the different approaches to bond yield calculations, zero-coupon and yield curve analysis, swap valuation and option pricing in a clear and accessible way, at each stage illustrating their application using a programmable calculator. Whether you are a trader, fund manager, corporate treasurer, programmer, accountant, risk manager or market student, this book will give you the ability to manipulate and apply the relevant techniques with speed and confidence in your marketplace.The book includes essential course material and practice exercises for ACI qualifications.

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