РОЛЯТА И ЗНАЧЕНИЕТО НА ФИНАНСОВАТА МАТЕМАТИКА В КОМПАНИИТЕ

Mathematics is an important part of managing business. Business and mathematics go hand in hand this is because business deals with money and money encompasses everything in itself. Financial mathematics is used by commercial enterprises to record and manage business operations. Commercial organizat...

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Bibliographic Details
Published in:VUZF Review 2023, Vol.4 (8), p.55-71
Main Author: Haxhija, Ardit
Format: Article
Language:English
Subjects:
Accounting - Business Administration
Economy
Online Access:Get full text
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Summary:Mathematics is an important part of managing business. Business and mathematics go hand in hand this is because business deals with money and money encompasses everything in itself. Financial mathematics is used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. Matematics helps to know the financial formulas, fractions; measurements involved in interest calculation, hire rates, salary calculation, tax calculation etc. which help complete business tasks efficiently. Financial mathematics also includes statistics and provides solution to business problems. Business mathematics is the study and use of mathematical concepts and skills related to business. It covers a wide range of topics, including finance, accounting, economics, statistics, and more. Business math is used in many different fields, such as marketing, management, and decision-making. Without business math, many business decisions would be made without a true understanding of the numbers involved or the potential consequences of important business decisions.
ISSN:2534-9228