Quantitative methods in accounting
Dr Ian Beaman
6 points (MPracAcc), 4 points (GradDipAcc) * 39 hours per semester * First, second, summer semester Caulfield, In-house, Sydney, Singapore (not offered in all locations in all semesters)
Objectives On completion of this subject students should be able to revise basic mathematical concepts and skills so that they are able to understand and perform a wide variety of basic mathematical processes that are necessary for business operations; become competent in the basic use of microcomputers and in the application of spreadsheets to problems in business; become competent in the use of statistical data in order to be more effective in business planning, forecasting and management.
Synopsis This subject presents, at an introductory level basic spreadsheeting; basic mathematics; descriptive statistics; elementary probability; discrete probability distributions; continuous probability distributions; hypothesis testing; forecasting and time series; regression and correlation.
Assessment Mid semester test (2 hours): 10% * Assignment: 20% * Final examination (2 hours): 70%
Prescribed texts
Anderson D R and others Statistics for business and economics Australian edn, West Publishing, 1991