2014 Unit of Study
The session(s) below are for 2014. For Summer School 2014 unit of study availability please visit the Summer School website (main Summer session January/February 2014).
The University of Sydney session calendar shows exact dates for sessions.
|Quantitative Methods for Accounting|
|Offered||Semester 1 and Semester 2|
|Additional Information||Assumed knowledge: Students should be capable of reading data in tabulated form, working with Microsoft EXCEL, and doing High School level of mathematics|
|Lectures||1 x 2hr lecture and 1 x 1hr tutorial|
|Assessment||Mid-semester exam (30%), group project (20%), and final exam (50%)|
|Description||Accountants in the workplace need to be familiar with effective techniques for dealing with business data. This unit uses spreadsheet tools and accounting examples to introduce the most important data analysis methods. The unit helps students understand variability and detect when variation is random and when something significant is going on. This unit also enables students to uncover the relationships between variables that can be hidden in business data. Students learn how to look at accounting data and use it to forecast business performance. Students are also given examples of the misuse of statistics in an accounting context. The unit is taught through data- driven examples, exercises and business case studies.|