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• Introduction |
• What You Should Know |
• If You Want to Review or Preview on Your Own |

Introduction

You will rely on the concepts underlying Time Value of Money and its measurement, particularly in accounting and finance   If you have NEVER worked in the fields of finance or accounting, nor taken any finance/accounting courses, we strongly suggest that you become familiar with Time Value of Money (TVM) concepts. TVM is used in the Term 1 Accounting course, so you will need to understand this material well on Day 1 of the program.

What You Should Know

• Present Value
• Future Value
• Annuities and Amortization
• Net Present Value and Internal Rate of Return

If You Want to Review or Preview on Your Own

The following materials are recommended:

Choice 1:

Math Review CD (admitted students only) – Module I Chapter 2 and Module IV

OR

Choice 2:
CD-ROM material Finance Interactive published by GMAC. This eight-hour CD-ROM covers Time Value of Money, Forecasting, Project Evaluation, and Required Rates of Return. Check that your system has the requirements to handle this material. The CD can be ordered at http://www.mba.com/mba/Store .