Financial Statistics - 2017

Unit summary


  • Level of Study: Undergraduate Level 1
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2016: SP2 , SP4
  • Availability for 2017: SP2 , SP4
  • Assessment: Assignment - 15 - 25% , Invigilated Exam - 50 - 65% - Learn more

Unit provided by

2017 Fees
Domestic 3,165.00
HECS 1,131.00
International 3,415.00

The modern business involves many decisions and managers need the skills, technologies, procedures to successfully derive appropriate solutions to benefit the organisation. This unit will focus on data science as an analytical and decision making tool, in a variety of business contexts, with a major emphasis on interpretation and application using Excel.

Please note: assessment values are indicative only, details will be advised at the start of the unit.

On successful completion of this unit students will be able to:

  1. Summarise and interpret financial data
  2. Explain and apply how the concepts of random variables and probability distributions are useful for drawing inferences
  3. Explain the concepts of population, samples and sampling distributions
  4. Estimate unknown population quantities and test hypotheses about them
  5. Conduct simple regression analysis to model the relationship between variables and draw inferences about relationships
  6. Undertake basic model building for business applications that are appropriate to the audience through different media
  7. Construct and use models to analyse a wide variety of situations arising in business, commerce and finance
  8. Construct unique models through working collaboratively with fellow students.
  • Assignment — 15 - 25%
  • Invigilated Exam — 50 - 65%
  • Test — 15 - 25%
For more information on invigilated exams see Exams and results

Mutually exclusive units

If you are studying towards a degree, you should be aware that this unit is mutually exclusive with the following unit(s):

Please note that if you have already studied any of the mutually exclusive unit(s) listed above, you should check the Course Structure of your degree to see whether you will be able to get credit for this unit, as well as the unit(s) previously studied, towards that qualification.

  • Broadband access

This unit addresses the following topics.

1Descriptive statistics
2Analysis of statistics
3Inferential statistics
4Hypotheses testing
5Regression and time series analysis
6Basic modelling techniques
7Financial maths
8Financial statement modelling and valuation
9Case studies and applications

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Embedded Multimedia
  • Online Quizzes/Tests
  • Online assignment submission
  • Web links

Print based materials

  • Welcome Letter

This unit is a core requirement in the following courses:

This unit is part of a major, minor, stream or specialisation in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.
This unit does not have a prescribed textbook(s).

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