Details for BUS001 Quantitative Skills

Navigating numbers is a crucial skill in business and translates directly into effective management and decision-making. This subject lays the groundwork for success with financial mathematics, tailoring its content to benefit individuals across all skill levels. Ideal as a precursor to more advanced studies in statistics, accounting, and finance, it offers a deep dive into the quantitative skills needed to solve real-world business problems.

Quick Stats

• Currently offered by Alphacrucis: Yes
• Course code: BUS001
• Credit points: 10

Subject Coordinator

Prerequisite

Nil

Unit Content

Outcomes

1. Acquire and understand quantitative skills in solving problems in business;
2. Illustrate an understanding of business statistics and use of probability;
3. Explain the basic rationale and application of relevant quantitative approaches in contexts of business, economics, finance, and management;
4. Acquire the skills to use financial data to generate business decision models.

Subject Content

• Quantitative Skills for Financial Decisions
• Financial Reporting
• Assets and Depreciation
• Inventory
• Simple Interest and Promissory Notes
• Compound Interests
• Annuities and Sinking Funds
• Statistics and Probability
• Expected Value and Profit

This course may be offered in the following formats

• Face to Face (on site)
• E-learning (online)
• Intensive

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

• Tests (accumulative) (25%)
• Case Study (1000 words) (30%)
• Exam (30%)
• Excel Practice Sheet (15%)

Prescribed Text

• Bluman, A.G. Business Math Demystified, McGraw-Hill, 2006.
• Bluman, A.G. Probability Demystified, McGraw-Hill, 2012.

Please consult your instructor before purchasing any texts