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 - 2014 (Sydney Bathurst Street)
Semester 2 - 2014 (Sydney Bathurst Street)

Previously offered in 2013, 2012, 2011, 2010, 2009, 2008


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.


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
Replacing Course(s) Nil
Transition Nil
Industrial Experience 0
Assumed Knowledge Nil
Modes of Delivery Internal Mode
Teaching Methods Lecture
Computer Lab
Assessment Items
  • Examination: Class - Formal examination.
  • Essays / Written Assignments -
  • Projects - Group Research Project
Contact Hours
  • Lecture: for 2 hour(s) per Week for Full Term
  • Computer Lab: for 1 hour(s) per Week for Full Term
Compulsory Components
  • Requisite by Enrolment: This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting/Master of Business.
Course Materials None listed
Timetable 2014 Course Timetables for PACC6008

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