Business Mathematics And Statistics (FBMS) CMA Foundation

SECTION A: FUNDAMENTALS OF BUSINESS MATHEMATICS [40%]

1. Arithmetic - 15%

• Ratios, Variations and Proportions
• Time Value of Money and Annuity – Simple and Compound Interest
• Arithmetic Progression and Geometric Progression
• Time and Distance

2. Algebra - 20%

• Set Theory, including Venn Diagram
• Indices and Logarithms (Basic Concepts)
• Permutation and Combinations (Basic Concepts)
• Quadratic Equations (Basic Concepts)

3. Calculus - Application in Business - 5%

• Concept of Calculus and its Application in Business
• Revenue and Cost Function
• Optimisation Techniques (Basic Concepts)

SECTION B: FUNDAMENTALS OF BUSINESS STATISTICS [60%]

4. Statistical Representation of Data - 5%

• Diagrammatic Representation of Data
• Frequency Distribution
• Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve,
• Ogive, Pie-chart

5. Measures of Central Tendency and Dispersion - - 15%

• Mean, Median, Mode, Mean Deviation
• Range, Quartiles and Quartile Deviation
• Standard Deviation
• Co-efficient of Variation
• Karl Pearson and Bowley’s Co-efficient of Skewness

6. Correlation and Regression - 15%

• Scatter Diagram
• Karl Pearson’s Co-efficient of Correlation
• Regression Analysis

7. Probability - 15%

• Concepts and Terminologies
• Primary applications of Probability Theorems

8. Index Numbers and Time Series - 10%

• Uses of Index Numbers, Methods of Construction of Index Number
• Components of Time Series and Calculation of Trend by Moving Average Method