Certificate in Amortization

Amortization

About Amortization

Amortization is the process of repaying debt in a series of regular payments. Each payment has a principle portion that goes toward the loan balance and an interest portion. The amount allocated toward principal increases steadily month by month as the debt amortizes, starting out little at first.

Why is Amortization important?

Amortization is essential since it helps in the understanding and long-term forecasting of expenses for organizations and investors. An amortization schedule clarifies how much of a loan payment is made up of principle versus interest in the context of loan repayment.

Who should take the Amortization Exam?

• Students in high school with an interest in finance.
  
• College or university students enrolled in a business program or mathematics of finance course.
• Commercial Loan Analyst
• Real Estate Development Accountant
• Loan Boarding Specialist
• Senior Accountant
• Those with an understanding of annuities and annuity calculations
• Knowledge of using a scientific calculator or a business financial calculator like the BA II Plus
• Interest in mathematics problems involving financial calculations

Amortization Certification Course Outline

1. Overview of Amortization
2. Amortization Schedule
3. Purchasing Inventory
4. Bank loan and taxes
5. Balance sheet