By the end of this course, students will have mastered descriptive and summary statistics, probability axioms, discrete univariate probability distributions, continuous univariate distributions, regression, means, variance, covariance, sampling distributions, central limit theorems, point v. interval estimations, one-, two-, multiple-sample hypothesis tests; and
- know the principles and elements of basic statistics;
- understand the need for data and summarize data sets into meaningful information;
- perform appropriate statistical procedures and write sound interpretations for use in practical decision making.
All School of Accountancy courses are designed to meet certain learning goals and objectives. Some learning goals are addressed at course level, some at program level. This course specifically contributes to the development of the following course level learning goals:
- Our students can recognize, develop, measure, record, validate and communicate financial and other related information.
- Our students can analyze, synthesize and evaluate financial and other related information for decision making in a management context.
- Our students understand and can apply business concepts and principles.
- Our students can communicate effectively in a business context.
- Our students understand the principles of leadership and team building in a business context.
- Our students can recognize and incorporate ethical and social responsibility considerations in decision making.
Students are expected to demonstrate the following technical abilities upon completion:
- Understand and able to choose among different incorporation options available to entrepreneurs, in particular the incentives, income tax and corporate tax implications in Singapore.
- Understand the general terms on financial statements without going through detail double entries and to apply them to real businesses.
- Compute simple ratios and make inferences based on reasonable examination of financial statements, which are critical for business and funding purposes.
- Understand and be able to manage critical factors which include short and long-term financial planning, pricing of products, and managerial planning and control systems for small businesses as well as new start-ups.
- Understand the increasing relevance of recent trends, such as: sustainability accounting; and how it affects the bottom line for entrepreneurs.
- Appreciate the importance of having good business ethic.
In addition, learning outcomes should be beyond just technical proficiencies. In particular, this course seeks to develop certain skills and attributes.
- Analytical: Analytical skills will be developed through various problem solving and case analyses. The course will provide the tools for students to use and analyse accounting data, financial reports and information to make informed decisions.
- Communication: Students will be required to actively participate in the class discussions and through written report and discussion of the company analysis project.
- Team work: Team projects, discussions and presentations will be important elements of the course. All students will be required to work in teams. They are expected to work as partners and share the work load.
- Active learning: Students will be expected to venture beyond prescribed readings and text. The company analysis project will allow students to take an active role in their understanding of how the end products of an accounting system serve information need of users.
- Professional ethics: Ethical issues are discussed and cases will be reviewed. This introductory course provides the opportunity to emphasize the needs for the highest ethical behaviour for corporate executives and corporations.
This SMU-XO course offers an international experiential learning opportunity that allows students to translate classroom knowledge and theory into practical solutions for various institutions. In addition to visiting law firms, government agencies and companies, student will also participate in a consultancy project. Through the project, students will learn how to solve business problems with guidance from the faculty and project sponsor mentors. The project will focus on evaluating legal problems in different areas of law and recommending/applying solutions to these problems.
For most of the competitions, teams will be expected to produce at least one substantial memorial, produced progressively over a minimum of 3 coach-vetted drafts; in some competitions, there are national/regional qualification rounds for the oral rounds. After the memorials have been submitted, teams will undergo 20-50 practice rounds.
Depending on the type of application chosen for the project work, students will learn one or more of the following areas:
- Document assembly and expert systems;
- Chatbots;
- Machine learning and natural language processing;
- Data analysis and visualisation;
- Cloud computing services;
- Search and information retrieval.
This course aims to help students: Understand the keys theories and strategies in Monetary Policy and Financial Markets Management especially from the Central Bank's point of view, Solve real-world problems to a Central Bank (related to Monetary Policy or Financial Markets) and learn how to work in a project group, Gain insight into financial markets an well as the business environment and culture in Vietnam through mini cultural activities and Vietnam theme presentations, Develop potential networking, and other life skills through the study mission (if travel al- lowed) and by interacting with business leaders in Vietnam (through guest speaker sessions).
This course enables students to learn from and interact with the partners on real-world issues, problems, and policies related to the family and the society at large, especially for the case of Singapore. Students start with some economic theories, and will need to extend quickly to other disciplines such as sociology, social work, psychology, law, and politics, and hence inter-disciplinary in nature. The topics to be covered are experiential and evolving, according to the current issues or challenges faced by the partners. In essence, students learn not just theories, but also have an opportunity to contribute in actual research and practices of the partners.
The objective of this course is to gain understanding of basic concepts of economics of health and health care. By the end of the course, students will be equipped to evaluate current health care policy issues from an economic perspective.
Upon completing this course, students should possess the strategic foresight and reflexivity to identify and respond to potential barriers, opportunities and signals of change for arts and culture, as well as develop the competencies required to be astute arts and cultural managers.
The course will allow students to develop skills to present and analyze topical issues, prepare reports with their research findings and exercise creativity in generating useful recommendations (in the form of law, policy and/or technology solutions) to deal with real problems.
