Financial Calculators

Make your accounting computations and tax return simpler by choosing one of the many financial calculators available at Staples. These handheld devices have business and financial functions that can calculate economic parameters such as profit, cost, interest, depreciation and cash flow. Students can use them for their exams just as business people and money managers need them to easily and quickly analyze financial statements and account books. Pick up new financial calculators when ordering new office supplies or when shopping for school supplies.

Pick Business Calculators with Built-in and Programmable Functions
A financial calculator has special function keys in addition to the ones found on a regular calculator. These help users calculate important accounting values like TVM (time value of money), BEP (break-even point), depreciation and amortization. The total number of these function keys varies from one model to another. Business students taking introductory accounting and financial management classes only need models capable of calculating common business functions. High-end models with advanced financial functions are for finance majors, MBA students and business professionals.

Programmable function keys can extend the usefulness of a financial calculator. Such calculators accept user-defined formulas and functions. In this way, you can personalize your calculator with business functions specific to your field. Programmable functions also save time and serve as shortcuts for commonly used calculations.

Key Features to Look for in an Accounting Calculator
Most financial calculators can display 10 digits in a single readout line. This is the minimum requirement for certain complex business calculations. Some even have extra spaces and can output 12 digits. Look for a model capable of showing multiple lines if you regularly use formulas with lots of variables in your financial calculations. With two or three lines available, these handheld computing devices can display even more digits.

Another key factor to consider when shopping for a financial calculator is available memory. Entry-level models do not need lots of memory. However, storage space becomes an important consideration for a business calculator with programmable function keys as well as recall and trackback features.

Do You Need a Financial Calculator With Graphing and Scientific Functions?
Financial calculations rarely involve graphs and scientific notations. You do not need a graphing calculator if you are a business professional and only want a computing device for accounting functions. Business students may need graphing/scientific calculators capable of performing financial calculations. Most business courses require math classes. Having one calculator for math and business calculations is more convenient than carrying two different models.

Can You Use a Business Calculator for a Financial Certification Exam?
Yes. Professional finance certification programs usually advise students to bring their own business calculating machines to exams that require them. Each professional body has its policy regarding the use of such devices and provides a list of acceptable electronic calculators. Most of them disallow models that can store text and often require students to clear their devices' memories before taking exams.

Do You Have to Read the Manual Included With Your Financial Calculator?
Yes. A business calculator is more complicated than a basic calculator. You should read the included instructional manual even if you have used a financial calculator before. This document explains each function key and how to program new functions, change settings and enter text, numbers and notations into the device. A proper understanding of the model's data entry protocol will help you avoid errors and miscalculations.