CO3815 - Modelling Business Decisions 2

Credit points:	03
Year:	2007
Student Contribution Band:	Band 2
Administered by:	Discipline of Accounting & Finance

Subject to the prescribed prerequisite subjects having been completed, there are no restrictions on enrolment in this subject.

This subject addresses the advanced concepts in modelling business decisions to enhance decision making in organisational contexts. Students will be required to further develop the knowledge and skills gained in CO2815 (Modelling Business Decisions 1). Topics will include development of advanced software based business models, and the interpretation and evaluation of model results both from an user and a builder's point of view. Excel will be the primary application software used to build these decision models. The focus will be on solving advanced decision problems requiring prior knowledge of the fundamentals for accounting and finance.

Learning Outcomes

• To demonstrate critical understanding of the theoretical and empirical literature on business modelling;
• To be able to recognize, structure and formulate solutions to complex business problems;
• To be able to design, build and test computer based models for planning, decision making and control of business problems;
• To be able to interpret model results (both from a builder and an user perspective) to assess their goodness-of-fit to decision criteria, and/or make recommendations for adoption by the appropriate stakeholders;
• To be able to integrate the knowledge of MS excel and other application software with the knowledge of accounting and finance.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The ability to find and access information using appropriate media and technologies;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to reflect on and evaluate learning, and to learn independently in a self directed manner;
• The ability to manage future career and personal development;
• The ability to speak and write clearly, coherently and creatively;
• The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
• The ability to communicate effectively with a range of audiences;
• The ability to lead, manage and contribute effectively to teams;
• The ability to work individually and independently;
• The ability to select and use appropriate tools and technologies;
• The ability to use online technologies effectively and ethically.

Prerequisites:	CO2815 and CO2611
Inadmissible Subject Combinations:	CO3105

Availabilities
Townsville, Block, Study Period 6
Census Date 29-Jun-2007
Face to face teaching 02-Jul-2007 to 27-Jul-2007 (Mondays, Wednesdays and Fridays (4 pm to 8 pm))
Coordinator:	Mr John Roberts, Dr Singwhat Tee
Contact hours:	26 hours lectures 24 hours workshops/Seminars
Assessment:	quizzes or tests (45%); tutorial attendance and participation (5%); workshop exercise (20%); assignments (30%).
Cairns, Block, Study Period 6
Census Date 29-Jun-2007
Face to face teaching 02-Jul-2007 to 27-Jul-2007 (Mondays, Wednesdays and Fridays)
Coord/Lect:	Dr Singwhat Tee.
Contact hours:	26 hours lectures 24 hours workshops/Seminars
Assessment:	quizzes or tests (45%); tutorial attendance and participation (5%); workshop exercise (20%); assignments (30%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.