• Most undergraduate programmes in business contain a one-year course in basic statistics. Two common problems in teaching such a course are, first, developing students' understanding of the basic concepts of statistics, many of which are counterintuitive and difficult to understand, and, second, convincing them of the relevance of statistics to their specific field. To deal with the first problem, Horgan (1985) recommends an empirical approach to basic statistics teaching using simulation procedures to illustrate statistical concepts. With the increased access to interactive computing and the increasing computer literacy of students from all disciplines, this approach is certainly feasible. It makes it possible to de-emphasise algebraic proofs and enhances the understanding of statistical concepts. The second problem, that of the relevance of statistics to the particular discipline, may be partially addressed in the basic course by using real data sets, as far as is possible, and avoiding the artificial examples frequently given in standard textbooks. It is our opinion, however, that there is a strong case for a further one-term course dealing specifically with statistical applications in specific disciplines. This paper deals with such a course. It is given to final-year business students specialising in accounting and finance. It is given for one term of the Financial Statement Analysis course. ()
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  • 2016-06-24 ()
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  • 1990-01-01 ()
  • 27024 ()
  • 13 ()
  • Applications of Statistics in Accountancy ()


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