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Module Title
LC Numeracy, Statistical Analysis and Financial Literacy
School
Birmingham Business School
Department
Accounting
Module Code
07 31807
Module Lead
Robert Fleming
Level
Certificate Level
Credits
20
Semester
Semester 2
Pre-requisites
Co-requisites
Restrictions
None
Exclusions
Description
This module is designed for students who have not studied maths since completing their GCSE or equivalent qualification. It enables students to use a range of mathematical and statistical methods and appreciate their uses in both academic and applied contexts related to accounting and finance. It prepares them for the mathematical rigours required in the rest of their programme of study. The first part of the module will reinforce numeracy skills and will focus on working with logs and solving business related mathematical problems. The second part introduces statistical methods as a series of techniques for describing and summarising data and representing uncertainty through probability. The module will introduce software packages such as Excel and will require the students to be able to comment concisely on their findings. The final part of the module will focus on Finance and will prepare the students for further study in this area at both the intermediate and higher level.
Learning Outcomes
By the end of the module, students should be able to:
Formulate, manipulate and solve algebraic expressions.
Apply a critical approach to solving worded business type problems.
alculate a range of financial calculations.
Calculate and comment upon summarising statistics using a computer software package.
Apply the basic principles of hypothesis testing.
Carry out simple correlation and regression analysis.
Assessment
31807-01 : Examination : Exam (Centrally Timetabled) - Written Unseen (50%)
31807-02 : 750 word computer based assignment : Coursework (30%)
31807-03 : MCQ test : Class Test (20%)
Assessment Methods & Exceptions
Assessments: A written examination of 2 hours (50%); 1000-word computer based assignment (50%)
