Aberystwyth, United Kingdom

Mathematics / Accounting and Finance

Bachelor's
Language: EnglishStudies in English
Subject area: mathematics and statistics
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.aber.ac.uk
Accounting
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Finance
Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainties and risks. Finance can also be defined as the science of money management. Market participants aim to price assets based on their risk level, fundamental value, and their expected rate of return. Finance can be broken into three sub-categories: public finance, corporate finance and personal finance.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Mathematics
If you are interested in the ultimate character of the physical world, or the complete world, and at the present time our only way to understand that is through the mathematical type of reasoning... the great depth of character of the universality of the laws, the relationships of things... I don't know any other way to do it, we don't know any other way to describe it accurately... or to see the interrelationships without it... don't misunderstand me, there are many, many aspects of the world that mathematics is unnecessary for... but we were talking about physics... to not know mathematics is a severe limitation in understanding the world.
Richard Feynman, "The Rules of the Game," The Pleasure of Finding Things Out (1999)
Accounting
The accounts of money, supplies and provisions should then be considered. The overseer should report what wine and oil has been sold, what price he got, what is on hand, and what remains for sale. Security should be taken for such accounts as ought to be secured. All other unsettled matters should be agreed upon. If any thing is needed for the coming year, it should be bought; every thing which is not needed should be sold. Whatever there is for lease should be leased.
Cato the Elder. De Agri Cultura, about 160 BC. Of the duties of the owner.
Mathematics
The final truth about a phenomenon resides in the mathematical description of it; so long as there is no imperfection in this, our knowledge of the phenomenon is complete. We go beyond the mathematical formula at our own risk; we may find a model or a picture which helps us understand it, but we have no right to expect this, and our failure to find such a model or picture need not indicate that either our reasoning or our knowledge is at fault. The making of models or pictures to explain mathematical formulas and the phenomena they describe is not a step towards, but a step away from reality; it is like making a graven image of a spirit.
Sir James Jeans, The Mysterious Universe (1930)
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