BX3032 - Advanced Business Modelling

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

This subject addresses advanced concepts in business modelling to enhance decision making in organisational contexts. Topics will include development of advanced software-based business models and the interpretation and evaluation of model results both from a 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

• design, build and test computer-based models for planning, decision making and control of business problems;
• interpret model results and make recommendations to stakeholders;
• integrate the knowledge of MS excel and other application software with the knowledge of accounting and finance;
• structure and formulate solutions to complex business problems;
• demonstrate critical knowledge of the theoretical and empirical literature on business modelling.

Subject Assessment

• Written > Test/Quiz 1 - (20%) - Individual
• Written > Project plan - (60%) - Group
• Written > Test/Quiz 2 - (20%) - Individual.

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.