PACC6008

Business Decision Making

10 Units

The effective business decision making ensures sustainability in business. Quantitative techniques are frequently employed as essential research and analytical tools in accounting, financial and economic environments. This course provides an understanding of the qualitative and quantitative techniques that are frequently used in accounting, financial and economic studies to aid business decision making. Statistical techniques such as data screening and descriptive techniques, inferential statistics, sampling, questionnaire and research design, hypothesis testing, analysis of variance, regression analysis and factor analysis are covered. Use is made of SPSS statistical package to analyse data sets and produce reports based on qualitative and quantitative analyses. Participants will build increased competency in business communication skills and techniques.

Faculty Faculty of Business and Law
School Newcastle Business School
Availability Semester 1 - 2015 (Sydney Bathurst Street)
Semester 2 - 2015 (Sydney Bathurst Street)
Learning Outcomes

On successful completion of this course, students will be able to:

  1. Demonstrate an understanding of quantitative techniques that are frequently used in accounting and financial studies research;
  2. Design a quantitative study;
  3. Exhibit an awareness of the principles of hypothesis testing;
  4. Demonstrate an understanding of appropriate analytical strategies to test specific hypothesis;
  5. Use Microsoft Excel to conduct statistical analysis; and
  6. Report statistical findings in a clear and concise fashion.
Content

The topics in the course include the following:

  1. data screening and descriptive techniques
  2. inferential statistics
  3. sampling
  4. questionnaire design
  5. research design
  6. hypothesis testing
  7. analysis of variance
  8. regression analysis
  9. factor analysis
Assessment Items
  • Written Assignment: Individual Statistics Assignment
  • Project: Group Research Project
  • Formal Examination: Final Examination
Contact Hours
  • Computer Lab: for 1 hour(s) per Week for Full Term
  • Lecture: for 2 hour(s) per Week for Full Term
Timetable 2015 Course Timetables for PACC6008

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