Business Decision Making

Course code PACC6008Units 10Level 6000Faculty of Business and LawNewcastle Business School

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.

Available in 2015

Sydney Bathurst StreetSemester 1, Semester 2
Previously offered in 2014
ObjectivesOn 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.
ContentThe 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
Industrial Experience0
Assumed KnowledgeNil
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Computer Lab
Assessment Items
Examination: ClassFormal examination.
Essays / Written Assignments
ProjectsGroup Research Project
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Computer Lab: for 1 hour(s) per Week for Full Term
Compulsory Components
Requisite by EnrolmentThis 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.
Timetables2015 Course Timetables for PACC6008