Details for BUS105 Quantitative Skills

Navigating numbers is a crucial skill in business and translates directly into effective management and decision-making. This subject lays the groundwork for success with financial mathematics, tailoring its content to benefit individuals across all skill levels. Ideal as a precursor to more advanced studies in statistics, accounting, and finance, it offers a deep dive into the quantitative skills needed to solve real-world business problems

Quick Stats

• Currently offered by Alphacrucis: Yes
• Course code: BUS105
• Credit points: 10

Subject Coordinator

Prerequisite

Nil

Unit Content

Outcomes

1. Familiarise with foundational quantitative skills within everyday business processes and decision-making
2. Understand and explain the role of quantitative data and analysis in decision-making
3. Demonstrate the use of commonly used quantitative (statistical and financial) methods and techniques for decision-making in accounting, economics, finance, and management;
4. Interpret and apply results of quantitative data (including statistical and financial)

Subject Content

1. Foundations of Quantitative Skills
2. Financial Reporting
3. Interest and Formulaic Calculation
4. Data and Calculation Modelling
5. Introduction to Statistics
6. Probability and Distributions
7. Interpreting statistical data
8. Expected Value and Profit
9. Regression Analysis and Forecasting
10. Hypothesis Testing and Decision Making

This course may be offered in the following formats

• Face to face on site
• E-learning (online)
• Intensive
• Extensive

Please check the timetable to see when this subject will next be offered at Alphacrucis University College.

Assessment Methods

1. Tests (20%)
2. Exam (40%)
3. Scenario Analysis + Individual Presentation on Analysis (40%)

Prescribed Text

Camm, J. D., Cochran, J. J., Fry, M. J., Ohlmann, J. W., Anderson, D. R., Sweeney, D. J., & Williams, T. A. (2024). Modern Business Statistics with Microsoft Excel (8th ed.). Cengage.
Check with the instructor each semester before purchasing any textbooks