INTRODUCTION This chapter presents the background and describes the overview of this study which aims to analyze the influence of mathematical ability on subject performance of accounting students in De La Salle Lipa. Background of the Study Numbers dominate every aspect of business transactions, especially the accounting profession. Mathematics has a significant role in the business education and in the world of business. The discipline of accounting focuses on accurate numerical measurement where practitioners this field should be comfortable in dealing with mathematics. Having the knowledge and basic skills of mathematics enables a person to make personal and economic decisions in everyday life. A person can still succeed without achieving …show more content…
According to Mostyn (2006), the word 'accounting' entails different meanings and primarily, associated to the word 'math'. He observed that when the said terms once mentioned, it can elicit bad experiences and childhood memories of students struggling with long division and fractions or putting off geometry homework during their elementary or secondary school. This could be the result why some students as much as possible are avoiding math in general. In addition, he stated that the mathematical concepts are indeed needed in accounting. It includes the use of whole number operations, decimal and rounding, percentage operations, fraction operations, conversion, positive and negative numbers, ratios and averages, basic algebra, order of operations and exponents. While, some of the functions that can be done in accounting are the recording of business transactions, preparing the payrolls, keeping the track of profit or loss, studying the industry trends and so …show more content…
Accounting courses highly depends on mathematics, so a high academic performance in accounting could be related to good mathematical ability and thereby, measured accordingly. Mathematics can be used in all financial duties necessary to keep the company operating. Likewise, accounting involves large sums of money regularly with the use of double entry record keeping. Since an accountant is responsible for maintaining records containing the business transactions, one must possess a working knowledge of bookkeeping which requires both basic and advanced math. In the public sector, an accountant must know how to perform tax procedures. These procedures include audits and tax consultation, which demands not just knowledge of the tax law but also of interest, gross profit calculations and other business concepts. Also, an accountant must be skilled in math in order to perform practically in any aspect of their job. If a person has an interest to pursue accounting courses, gaining a broader view of the overall accountant’s work will truly help a person to decide whether to enter the field or