Course Outline
School: Business
Department: Accounting
Course Title: Math Of Finance Part 1
Course Code: MATH 118
Course Hours/Credits: 56
Prerequisites: GS 191, MATH 105
Co-requisites: N/A
Eligible for Prior Learning, Yes
Assessment and Recognition:
Originated by: Phil Cox
Creation Date: Summer 2015
Revised by: Jose Romero-Lopez
Revision Date: Summer 2023
Current Semester: Winter 2024
Approved by:
Chairperson/Dean
Students are expected to review and understand all areas of the course outline.
Retain this course outline for future transfer credit applications. A fee may be charged for
additional copies.
This course outline is available in alternative formats upon request.
MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
Acknowledgement of Traditional Lands
Centennial is proud to be a part of a rich history of education in this province and in this city. We
acknowledge that we are on the treaty lands and territory of the Mississaugas of the Credit First Nation
and pay tribute to their legacy and the legacy of all First Peoples of Canada, as we strengthen ties with
the communities we serve and build the future through learning and through our graduates. Today the
traditional meeting place of Toronto is still home to many Indigenous People from across Turtle Island and
we are grateful to have the opportunity to work in the communities that have grown in the treaty lands of
the Mississaugas. We acknowledge that we are all treaty people and accept our responsibility to honor all
our relations.
Course Description
This is the first part of a two-part mathematics of finance course offered to students in the School of
Business. Through online instruction, students will review order of operations, ratio, proportion, percent
and basic algebra.
Program Outcomes
N/A
Course Learning Outcomes
The student will reliably demonstrate the ability to:
1. Perform basic algebraic operations.
2. Solve simple equations.
3. Rearrange formulae.
4. Solve systems of linear equations.
5. Solve business problems involving linear equations, ratios & proportions, percents and percent
increase & decrease.
6. Construct basic graphs from equations as well as raw data.
Essential Employability Skills (EES)
The student will reliably demonstrate the ability to*:
3. Execute mathematical operations accurately.
4. Apply a systematic approach to solve problems.
5. Use a variety of thinking skills to anticipate and solve problems.
*There are 11 Essential Employability Skills outcomes as per the Ministry Program Standard. Of these 11 outcomes, the following will be
assessed in this course.
Global Citizenship and Equity (GC&E) Outcomes
N/A
Text and other Instructional/Learning Materials
Text Book(s):
Contemporary Business Mathematics with Canadian Applications, Twelfth Edition
THIS COURSE ADHERES TO ALL COLLEGE POLICIES (See College Calendar) 2
MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
S.A. Hummelbrunner, K. Suzanne Coombs, Kelly Halliday
Published by Pearson Prentice Hall
(Purchasing access to the Pearson MyLabMath platform is required for sections with online delivery
mode)
Online Resource(s):
An access code or online payment for MyLabMath is required upon registration.
**The access code includes access to the Tests and course ebook listed above (required for online
sections).
Math 128/118 Workbook (available on e.Centennial)
Math 128/118 Worksheets (available on e.Centennial)
Material(s) required for completing this course:
CALCULATOR: All classroom instruction will be based on the Sharp EL-520. Recommended but not
mandatory.
Evaluation Scheme
➮ Test #1: Signed Numbers, Order of Operations, Integral Exponents and Algebraic Simplification.
➮ Test #2: Factoring, Calculator Exercises, Solving Linear Equations and Formula Rearrangement.
➮ Test #3: Calculator Exercises, Solving Linear Equations, Ratio, Proportion, Percent and Word
Problems.
➮ Test #4: Calculator Exercises, Formula Rearrangement, Percent Applications and Word Problems,
Solving a System of Linear Equations.
➮ Test #5: Graphing
Evaluation Name CLO(s) EES GCE Weight/100
Outcome(s) Outcome(s)
Test #1 1 3, 4 20
Test #2 1, 2, 3 3, 4, 5 25
Test #3 1, 2, 4, 5 3, 4, 5 25
Test #4 1, 2, 4, 5 3, 4, 5 25
Test #5 1, 2, 4, 6 3, 4, 5 5
Total 100%
If students are unable to write a test they should immediately contact their professor or program Chair for
advice. In exceptional and well documented circumstances (e.g. unforeseen family problems, serious
illness, or death of a close family member), students may be able to write a make-up test.
All submitted work may be reviewed for authenticity and originality utilizing Turnitin®. Students who do not
wish to have their work submitted to Turnitin® must, by the end of the second week of class,
communicate this in writing to the instructor and make mutually agreeable alternate arrangements.
When writing tests, students must be able to produce official Centennial College photo identification or
they may be refused the right to take the test or test results will be void.
Tests or assignments conducted remotely may require the use of online proctoring technology where the
student’s identification is verified and their activity is monitored and/or recorded, both audibly and visually
through remote access to the student's computer and web camera. Students must communicate in writing
to the instructor as soon as possible and prior to the test or assignment due date if they require an
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MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
alternate assessment format to explore mutually agreeable alternatives.
Student Accommodation
The Centre for Accessible Learning and Counselling Services (CALCS) (http://centennialcollege.ca/calcs)
provides programs and services which empower students in meeting their wellness goals,
accommodation and disability-related needs. Our team of professional psychotherapists, social workers,
educators, and staff offer brief, solution-focused psychotherapy, accommodation planning, health and
wellness education, group counselling, psycho-educational workshops, adaptive technology, and peer
support. Walk in for your first intake session at one of our service locations (Ashtonbee Room L1-04,
Morningside Room 190, Progress Room C1-03, The Story Arts Centre Room 285, Downsview Room 105)
or contact us at [email protected], 416-289-5000 ext. 3850 to learn more about accessing
CALCS services.
Use of Dictionaries
• Any dictionary (hard copy or electronic) may be used in regular class work.
• English-Additional Language (e.g. English-Chinese) or Additional Language-English (e.g. Russian-
English) dictionaries may be used in regular class work.
• Dictionaries may be used in tests and examinations, or in portions of tests and examinations, as long
as they are non-electronic (not capable of storing information) and hard copy (reviewed by the
invigilator to ensure notes are not incorporated that would affect test or examination integrity).
Program or School Policies
N/A
Course Policies
a) Students must put their official photo-ID, the Centennial Student Card, in full view when writing a test
(only applicable when students have to write the test in class).
b) During tests, students may use a scientific calculator. Financial, programmable and/or graphing
calculators are prohibited. No other electronic devices will be permitted.
c) If a student is unable to write a test, it is the student’s responsibility to contact their professor by email
prior to the test. Failure to email the professor prior to missing a test will (1) result in a mark of zero on
the missed test; and (2) forfeit the possibility of the student writing a make-up test.
d) If the student can provide satisfactory proof that the test has been missed for a justifiable reason, a
make-up test will be permitted. The make-up test may be scheduled either during Engagement Week (for
Test 1 only), or during the week following the end of the semester. Students may be granted at most one
make-up test. A mark of zero will be recorded in cases where no reason acceptable to the professor is
provided.
e) There will be no rewrites of term tests.
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MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
Calculator:
All classroom instruction will be based on the Sharp EL-520.
College Policies
Students should familiarize themselves with all College Policies that cover academic matters and student
conduct.
All students and employees have the right to study and work in an environment that is free from
discrimination and harassment and promotes respect and equity. Centennial policies ensure all incidents
of harassment, discrimination, bullying and violence will be addressed and responded to accordingly.
Academic Honesty
Academic honesty is integral to the learning process and a necessary ingredient of academic integrity.
Forms of academic dishonesty include cheating, plagiarism, and impersonation, among others. Breaches
of academic honesty may result in a failing grade on the assignment or course, suspension, or expulsion
from the college. Students are bound to the College’s AC100-11 Academic Honesty and Plagiarism
policy.
To learn more, please visit the Libraries information page about Academic Integrity
https://libraryguides.centennialcollege.ca/academicintegrity and review Centennial College's Academic
Honesty Module:
https://myappform.centennialcollege.ca/ecentennial/articulate/Centennial_College_Academic_Integrity_M
odule_%202/story.html
Use of Lecture/Course Materials
Materials used in Centennial College courses are subject to Intellectual Property and Copyright
protection, and as such cannot be used and posted for public dissemination without prior permission from
the original creator or copyright holder (e.g., student/professor/the College/or third-party source). This
includes class/lecture recordings, course materials, and third-party copyright-protected materials (such as
images, book chapters and articles). Copyright protections are automatic once an original work is created,
and applies whether or not a copyright statement appears on the material. Students and employees are
bound by College policies, including AC100-22 Intellectual Property, and SL100-02 Student Code of
Conduct, and any student or employee found to be using or posting course materials or recordings for
public dissemination without permission and/or inappropriately is in breach of these policies and may be
sanctioned.
For more information on these and other policies, please visit www.centennialcollege.ca/about-
centennial/college-overview/college-policies.
Students enrolled in a joint or collaborative program are subject to the partner institution's academic
policies.
PLAR Process
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MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
This course is eligible for Prior Learning Assessment and Recognition (PLAR). PLAR is a process by
which course credit may be granted for past learning acquired through work or other life experiences. The
PLAR process involves completing an assessment (portfolio, test, assignment, etc.) that reliably
demonstrates achievement of the course learning outcomes. Contact the academic school to obtain
information on the PLAR process and the required assessment.
This course outline and its associated weekly topical(s) may not be reproduced, in whole or in
part, without the prior permission of Centennial College.
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MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
Topical Outline (subject to change):
Week Topics Readings/Materials Weekly Learning Outcome(s) Instructional Strategies Evaluation Evaluation
Name and Date
Weight
1 Signed Numbers I.2(A to D) Simplify numerical expressions with positive Lecture/Exercises
and negative numbers.
Order of Operations 1.1, 1.2(A to E) Professor commentary
and review of fractions Simplify arithmetic expressions using order of videos
operations. Find equivalent fractions and
decimal form of fractions. Exercises from
Worksheets and
Textbook practice
questions.
2 Integral exponents 2.2 (A to E) Simplify and evaluate expressions with Lecture/Exercises
positive, negative and zero exponents.
Professor commentary
videos
Exercises from
Worksheets and
Textbook practice
questions.
3 Algebraic I.1 Review of operation; commutative, Lecture/Exercises
Simplification associative and distributive laws; additive and
2.1(A to C) multiplicative identities; algebraic terms. Professor commentary
videos
Simplify algebraic expressions using
operations and laws. Exercises from
Worksheets and
Textbook practice
questions.
4 Test Review Test Review Review and Evaluation Evaluation/Test Test #1 (20%)
Test 1
5 Calculator 1.2F, 2.3, 2.1D Use an electronic calculator to evaluate Lecture/Exercises
Competence expressions containing exponents, complex
I.3 fractions and brackets. Professor commentary
Common Factoring videos
Factor expressions containing more than one
term. Exercises from
Worksheets and
Textbook practice
questions.
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MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
Week Topics Readings/Materials Weekly Learning Outcome(s) Instructional Strategies Evaluation Evaluation
Name and Date
Weight
6 Solving Linear 2.5, 2.6(A to C),2.7 Solve linear equations using the 4 basic Lecture/Exercises
Equations operations and algebraic simplification.
Professor commentary
videos
Exercises from
Worksheets and
Textbook practice
questions.
7 Formula 2.6D Rearrange formulae using simplification and Lecture/Exercises
Rearrangement the 4 basic operations.
Professor commentary
videos
Exercises from
Worksheets and
Textbook practice
questions.
8 Test Review Test Review Review and Evaluation Evaluation/Test Test #2 (25%)
Test 2
9 Ratio, Proportion and 3.1 Use ratio and proportion to solve allocation Lecture/Exercises
Percent 3.2(Example C) and equivalence problems.
3.3 Professor commentary
Conversion amongst percent, fractions and videos
decimals
Exercises from
Worksheets and
Textbook practice
questions.
10 Percent Problems 3.4 to 3.6 Find rate, base amount, rate of change; Lecture/Exercises
finding the base given a change.
Professor commentary
videos
Exercises from
Worksheets and
Textbook practice
questions.
11 Test Review Test Review Review and Evaluation Evaluation/Test Test #3 (25%)
Test 3
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MATH 118 CENTENNIAL COLLEGE Math Of Finance Part 1
Week Topics Readings/Materials Weekly Learning Outcome(s) Instructional Strategies Evaluation Evaluation
Name and Date
Weight
12 Solving Systems of 4.3 (Section A) Use elimination to solve 2 equations in 2 Professor commentary
Equations unknowns (with whole number, decimal and videos
fractional coefficients).
Exercises from
Worksheets and
Textbook practice
questions.
13 Test Review Test Review Review and Evaluation Evaluation/Test Test #4 (25%)
Test 4
14 Graphing 4.1 Use graphing to solve 2 equations with 2 Lecture/Exercises Test #5 (5%)
4.2 (A to E) unknowns (with whole number, decimal, and
fractional coefficients). Professor commentary
videos
Graph quadratic equations with x values
given as an inequality Exercises from
Worksheets and
Review and Evaluation Textbook practice
questions.
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