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AF5364

This document provides information on the Quantitative Methods for Accounting and Finance subject for the MSc in Accounting and Finance Analysis program. The subject covers fundamental statistical and econometric concepts and techniques, including probability theory, hypothesis testing, and regression analysis. Considerable focus is placed on applying these quantitative methods to issues in accounting and finance. Upon completing the subject, students will be able to apply statistical and econometric methodologies to analyze accounting and finance problems and issues. Student assessment includes class participation, homework, projects, midterm tests, and a final exam.

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43 views3 pages

AF5364

This document provides information on the Quantitative Methods for Accounting and Finance subject for the MSc in Accounting and Finance Analysis program. The subject covers fundamental statistical and econometric concepts and techniques, including probability theory, hypothesis testing, and regression analysis. Considerable focus is placed on applying these quantitative methods to issues in accounting and finance. Upon completing the subject, students will be able to apply statistical and econometric methodologies to analyze accounting and finance problems and issues. Student assessment includes class participation, homework, projects, midterm tests, and a final exam.

Uploaded by

Chin L
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MSc in Accounting and Finance Analysis 2022/2023

Subject Code AF5364

Subject Title Quantitative Methods for Accounting and Finance

Credit Value 3

Level 5

Duration One Semester

Pre-requisite / Recommended Background Knowledge:


Co-requisite/
Exclusion Undergraduate level statistical analysis; quantitative analysis; and
microeconomics.

Objectives This subject covers the basic concepts and techniques of classical
econometrics, such as sampling theory, probability theory, hypothesis
testing, regressions, etc. Considerable attention is devoted to the
applications of the concepts and techniques to accounting and
finance. We will review basic financial mathematics and some
advanced statistical techniques will also be briefly introduced. This
subject is also designed for those who wish to take the Chartered
Financial Analysts (CFA) examinations.

This subject contributes to the achievement of the MSc in Accounting


and Finance Analytics programme learning outcomes by enabling
students to understand the fundamental quantitative and
technological methods in accounting and finance (MSc AFA
Programme Outcome 2).

Intended Learning Upon completion of the subject, students will be able to:
Outcomes
a. Develop a systematic understanding of the fundamental statistical
and econometric concepts and methodologies;

b. Apply the concepts and methodologies to explain issues related


to accounting and finance; and

c. Develop ability to resolve real world accounting and finance


problems by applying the quantitative methods to data analysis.

Subject Synopsis/ Basic Financial Mathematics (Review)


Indicative Syllabus
Compounding and discounting; present value and future value
calculations; annuities and perpetuities; dollar and time-weighted rate
of return.

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MSc in Accounting and Finance Analysis 2022/2023

Basic Statistics Concepts

Types of statistical data; measures of central tendency and


dispersion.

Probability Concepts

Basic concepts of probability; random variables and probability;


probability theorems; covariance and correlation; expected value and
variance; probability distributions.

Sampling and Estimation

Random sampling and sampling distributions; point and interval


estimates; confidence intervals.

Hypothesis Testing and Statistical Inference

The concepts of hypothesis testing; types of hypothesis testing;


analysis of variance.

Regression Analysis

Linear regression and correlation; multiple regression analysis.

Teaching/Learning
Concepts and techniques will be introduced through lectures.
Methodology
Students are required to apply the knowledge and skills in doing
exercises and project. The use of relevant computer package is
required.

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MSc in Accounting and Finance Analysis 2022/2023

Assessment
Methods in Specific assessment % Intended subject learning
Alignment with methods/tasks weighting outcomes to be assessed
Intended Learning (Please tick as appropriate)
Outcomes
a b c

1. Class Participation 5%   

2. Homework & Project 25%   

3. Mid-term Test 20%   

4. Final Examination 50%   

Total 100 %

Note: The specific requirements on individual assessment components


discussed above could be adjusted based on the pedagogical needs of
subject lecturers.

Student Study Class contact:


Effort Expected
Lectures / Seminars 39 Hrs.

Other student study effort:

Reading materials/textbook and working on


exercises, depending on each student’s 78 Hrs.
background.

Total student study effort 117 Hrs.

Quantitative Investment Analysis, by Richard Armand Defusco,


Reading List and
Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle, 3rd edition,
References
John Wiley & Sons, Inc.

Econometric Methods, 4th edition by Jack Johnston and John DiNardo

Some additional readings will be distributed in class.

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