Business Modelling and Analysis

Unit Code:HBC608

Credit Points	Duration	Contact Hours	Campus	Prerequisite	Corequisite
12.5 Credit Points	One teaching period	36 hours	Hawthorn, Sarawak	Nil	Nil

Credit Points

Duration

Contact Hours

Campus

Prerequisite

Corequisite

12.5 Credit Points

One teaching period

36 hours

Hawthorn, Sarawak

Nil

Related Course/s:

A unit of study in the Accounting suite, the and the Master of Professional Accounting Global Leadership Program, Master of Finance and Banking suite and Graduate Diploma of Business Administration (International) (CMBAS580) program.

Aims & Objectives:

The application of statistical analysis tools to business problems is an essential skill for competitive advantage. This unit of study focuses on the application of statistical tools and concepts to real-world decision making in order to motivate students to learn, understand, utilise and communicate business statistics appropriately. To enhance students' appreciation of the power of statistics, emphasis is placed on calculator and computer based analysis, rather than manual computations. Extensive use will be made of financial/statistical calculators and inbuilt functions in MS EXCEL.

After successfully completing this unit of study, students can expect to be able to:

Select and apply appropriate tools to aid business decision making (PO3)
Analyse financial data and solve basic financial problems (PO3)
Undertake basic market research and use descriptive statistics to describe and compare data sets (PO7)
Understand basic probability which will facilitate accounting and finance research, such as the application of sampling and estimation techniques (PO7)
Apply regression techniques and use classical decomposition in order to forecast time series (PO3)
Understand other business modeling tools such as index numbers and inventory management that will aid in the efficient running of a business (PO8)
Be aware of statistical and graphing functions in EXCEL (PO8)

Teaching Methods:

Block delivery of 5 hours per week, or evening delivery of 3 hours per week. Total student workload is 120 hours.

Assessment:

Group task assessment (Group) 10%

Individual assignment (Individual) 20-30%

Examination (Individual) 60-70%

Generic Skills Outcomes:

This unit aims to achieve the following in our students:

Teamwork skills
Analysis and modeling skills
Problem solving skills
Communications skills
Ability to tackle unfamiliar problems
Ability to work independently

Content:

Financial Analysis
Introduction to statistics
Descriptive statistics
Probability and probability distributions
Sampling and estimation
Regression and correlation
Time series analysis and forecasting
Index numbers

Reading Materials:

Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.