Quantitative Skills

Awards offering Quantitative Skills

This unit is offered as a part of the following awards:

• Diploma of Business
• Diploma of Entrepreneurship

Unit Content

Outcomes

1. Apply quantitative skills in solving problems in business; 
2. Demonstrate the use of statistics and probability in business 
3. Evaluate rationale and relevant quantitative approaches in contexts of business, economics, finance, and management; 
4. Use financial data to generate business decision models. 

Subject Content

1. Foundations of Quantitative Skills 
2. Financial Reporting 
3. Assets and Depreciation 
4. Inventory 
5. Simple Interest and Promissory Notes 
6. Compound Interests 
7. Annuities and Sinking Funds
8. Statistics and Probability
9. Expected Value and Profit 

Assessment Methods

1. Tests (30%)
2. Exam (40%)
3. Scenario Analysis and Excel Practice (30%)

Prescribed Text

Lakin, S. (2017). Business Express: Effective Numeracy Skills: Understanding and using maths in day-to-day work. Pearson UK 
Check with the instructor each semester before purchasing any textbooks