Business Math with Excel

Name: Business Math with Excel
Rating: 4.4 (230 reviews)

Transform Data into Decisions: Enhance Your Business Math Skills Using Excel

Role Play

Created byEduardo Aponte, PhD, Finnse Academy

Last updated 11/2025

English

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What you'll learn

You will understand fundamental statistical concepts and learn how to apply them to business scenarios using Excel.
You will Master the time value of money and perform financial calculations involving interest, annuities with Excel.
You will learn to analyze and interpret key financial statements using Excel to make informed business decisions.
You will develop skills to calculate and interpret financial ratios to assess a company's financial health effectively.
You will gain proficiency in using Excel for practical applications in statistics and finance to solve real-world business problems.

Course content

3 sections • 22 lectures • 2h 35m total length

Introduction1:44
Meet the instructor, learn the course content of business math with Excel, and discover what you can achieve at the end of the course.
Introduction to Statistics6:31
Explore statistics as a tool for collecting and organizing data to make informed decisions, covering population, sample, variables, descriptive and inferential methods, including hypothesis testing.
Types of Data5:07
Explore qualitative and quantitative data, and distinguish discrete and continuous variables with practical examples like age, price, income, expenses, and delivery time to guide statistical methods.
Probability Concepts7:33
Learn to calculate probability as favorable over total, apply it to sales data in Excel, and analyze conditional probabilities of buyers by country.
Probability Distributions6:06
Identify and compare normal, gamma, log normal, and t distributions, and perform goodness-of-fit and hypothesis tests to model data and forecast outcomes in finance.
Measures of Central Tendency8:50
Explore measures of central tendency—mean, median, and mode—and how outliers and bimodal or multimodal distributions affect interpretation, using Excel to calculate and compare.
Measures of Dispersion9:22
Explore measures of dispersion such as range, variance, and standard deviation, and see how outliers affect range while variance and standard deviation quantify data spread.
Correlation and Covariance8:52
Explore bivariate descriptive statistics by examining covariance and correlation, including how covariance measures joint variability and how correlation standardizes it to show direction and strength.
Simple Linear Regression5:32
Explore how simple linear regression analyzes the relationship between advertising investment and sales revenue, using Excel to create a regression line, display the equation and R-squared, and forecast sales.
Hypothesis Testing12:24
Explore hypothesis testing by comparing null and alternative hypotheses, using alpha, two-tailed z-scores, and p-values to decide whether France's salary differs from Italy's.

Introduction to the Time Value of Money3:11
Learn how inflation reduces purchasing power over time and how the time value of money drives decisions using simple and compound interest, considering inflation, opportunity cost, and risk.
Calculating Simple Interest10:04
Calculate the future value of money using simple interest by linking present value, interest rate, and periods. Learn to apply the formula for monthly scenarios and keep units consistent.
Difference Between Simple and Compound Interest7:02
Explore simple versus compound interest in business math with Excel, emphasizing interest compounding, exponential growth, and how to compute returns from principal, rate, and the return formula.
Explain simple and compound interest to a non-financial colleague.
Annuities and Perpetuities9:27
Explore annuities and perpetuities, calculate future or present value, and apply Excel's FV function, using cash flow diagrams and ensuring rate matches payment frequency.
Internal Rate of Return (IRR)5:17
Calculate and interpret the internal rate of return (IRR) using cash flows and present value calculations with a discount rate, illustrated through an Excel IRR example to compare investment profitability.
Net Present Value (NPV)7:53
Explore the concept and formula of net present value, discount future cash flows to present value, and apply an Excel-based investment example to evaluate profitability against a required return.
IRR or NPV: Which Is Better for Making Investment Decisions?8:30
Evaluate investments by comparing IRR and NPV with an Excel example, showing how discount rate and initial cash flows influence profitability. Understand the advantages and limitations of each method.

Financial Statements6:40
Explore financial statements including the balance sheet, income statement, and cash flows to understand assets, liabilities, equity, and profitability.
Statement of Financial Position (Balance Sheet)6:43
Learn how the balance sheet shows a company's financial position at a point in time, detailing assets, liabilities, and equity, and how assets equal liabilities plus equity.
Income Statement (Profit and Loss Statement - P&L)8:01
Analyze the income statement from revenues and costs, including COGS, gross profit, operating profit (EBIT), financials, income before taxes, and net income.
Cash Flow Statement6:16
Explore the cash flow statement and its three parts—operating, investing, and financing—and how net cash flow shows a company’s ability to generate cash from operations, via a pizzeria example.
Analyzing Financial Statements4:39
Analyze variance analysis, including vertical and horizontal approaches, to compare accounts within and across periods, and apply ratios like ROE, net profit margin, EBITDA margin, current ratio, and working capital.

Requirements

No previous experience is needed.

Description

Welcome to the course "Business Math with Excel"! If you're looking to master the essential mathematical tools for the business world, this course is specially designed for you. Throughout this program, we will guide you from fundamental concepts in statistics to advanced financial techniques, all enriched with multiple practical examples in Excel.

In Module 1: Statistics, you'll begin with a comprehensive introduction to statistical principles applied to business. You'll explore the different types of data and delve into probability concepts, learning how to interpret probability distributions. You'll calculate measures of central tendency and dispersion, and understand their significance in data analysis. The module also covers correlation and covariance, simple linear regression, and hypothesis testing, all using Excel to effectively analyze and visualize data.

Module 2: Time Value of Money will enable you to comprehend how the value of money changes over time—a crucial concept in finance. You'll learn to calculate simple interest and understand the differences between simple and compound interest. The module covers annuities and perpetuities, loan amortization, Internal Rate of Return (IRR), and Net Present Value (NPV), including a comparison between IRR and NPV. Each concept is reinforced with practical exercises in Excel to consolidate your learning.

In Module 3: Basic Finance, you'll dive into financial analysis through key financial statements: the Statement of Financial Position, the Income Statement, and the Cash Flow Statement. You'll learn to interpret and analyze these statements using financial ratios, acquiring essential skills to evaluate a company's financial health. Once again, Excel will be your main tool to apply these concepts practically.

By the end of this course, you'll have a solid command of business mathematics and the ability to use Excel to solve real-world financial problems. Our interactive and practical approach ensures that you can immediately implement what you've learned in your professional life, enhancing your capacity to make informed financial decisions.

Join us and take the first step towards mastering business mathematics with Excel, elevating your financial skills to the next level!

Who this course is for:

Employees who work in financial areas
Business students
Entrepreneurs
Accountants

Business Math with Excel

What you'll learn

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Course content

Statistics10 lectures • 1hr 12min

Time Value of Money8 lectures • 51min

Basic Finance5 lectures • 32min

Requirements

Description

Who this course is for: