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Page 1 of 5
Revised 15-May-2013
ISPS MATHEMATICS - MATHEMATICS FOR BUSINESS
Standards and Benchmarks
1-3 Bank reconciliation statement -Know the importance of reconciling a checking account
and reconcile a bank statement with a checkbook
1-4 List outstanding checks
1-5 Find the adjusted bank balance or current balance
Page 2 of 5
Revised 15-May-2013
ISPS MATHEMATICS - MATHEMATICS FOR BUSINESS
Standards and Benchmarks
Standard 2- Use series Discounts and Single Discounts Equivalents to determine final
price
Standard 3 –Determine selling price and cost price if given mark up or mark down
details.
Page 3 of 5
Revised 15-May-2013
ISPS MATHEMATICS - MATHEMATICS FOR BUSINESS
Standards and Benchmarks
Strand 4 – Mathematics of Finance
Standard 1-Calculation of simple interest
Page 4 of 5
Revised 15-May-2013
ISPS MATHEMATICS - MATHEMATICS FOR BUSINESS
Standards and Benchmarks
Strand 5 – Accounting and Other Applications
Standard 1- Apply calculations to accounting concepts
Page 5 of 5
Revised 15-May-2013