FN1140 - Introduction to Finance

This course develops the concepts for the financial foundation of all upper level finance courses. The course is designed to provide an introductory level of finance concepts and the use in business decisions. In this course the student will explore the importance of finance in business. Topics merchandising, interest calculations, debt amortization, annuities, bonds and sinking funds, foreign currency computations, and capital budgeting. Students will use a financial calculator or spreadsheet to make financial management decisions.

Hummelbrunner, S.A., Coombs, S., & Olivier, J-P. (2008). Contemporary business mathematics (with Canadian applications) (8th ed.). Toronto: Pearson Education Canada. ISBN-10: 0137141491; ISBN-13: 9780137141494

Upon successful completion of this course the student will be able to:

  1. 1. Apply merchandising concepts
  2. 2. Apply the concept of the time value of money
  3. 3. Apply annuity concepts to debt financing and investments
  4. 4. Create and use amortization tables for various debt instruments
  5. 5. Perform basic calculations for bonds and sinking funds
  6. 6. Apply basic capital budgeting computations
  7. 7. Evaluate business investment opportunities


Assignment 1 5%
Assignment 2 5%
Test 1 20%
Test 2 20%
Final exam 50%

Supplementary Links
Apply merchandising concepts
Factors: http://www.yourarticlelibrary.com/marketing/pricing/factors-affecting-pricing-product-internal-factors-and-external-factors/32313/

Factors: https://youtu.be/RtUKuO0cSoQ

Markup vs. Margin

Discounts: https://youtu.be/VjliC92o7VU

Markup: https://youtu.be/zG6VkdtQCUk

Discount formulas/examples http://library.centennialcollege.ca/learningcentre/review/math/discounts
Break even/CVP
Cost Volume Profit analysis & Break Even



Contribution Margin