Statistics is more difficult than banking and finance?

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Statistics is more difficult than banking and finance?

Postby prettycure » Tue Jun 21, 2011 4:51 pm

Hi feedback from those who do accounting.
My son was told statistics was more difficult to pass and score than banking and finance from ite accounting lecturer.Is that true as my son is weak in maths?

prettycure
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Re: Statistics is more difficult than banking and finance?

Postby FrekiWang » Tue Jun 21, 2011 5:09 pm

prettycure wrote:Hi feedback from those who do accounting.
My son was told statistics was more difficult to pass and score than banking and finance from ite accounting lecturer.Is that true as my son is weak in maths?


True, statistics is mathematical while banking is not. Finance is partially mathematical but its maths part is easy.

FrekiWang
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Re: Statistics is more difficult than banking and finance?

Postby rosemummy » Tue Jun 21, 2011 9:53 pm

Accounting, statistic, banking and finance are all very different subjects. Statistic is mathematical. Banking can be an economics subject, or it can be broader. Finance is a very broad area and can involve very complex maths. Accounting as a major can also be quite broad. I don't know much about ite, but my guess is for them, accounting should just be book-keeping and statistic should be quite simple - just the basic concepts, but no lab or modelling involved.

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Re: Statistics is more difficult than banking and finance?

Postby verykiasu2010 » Wed Jun 22, 2011 2:49 am

Stats is like pure math. More difficult as is more 'dry' compared with banking & finance. Stats people usually go into insurance if not teaching or national statistics dept

Banking involves law, organisation bahaviour, general management, accounting & financial analysis

Finance involves accounting, costing, analysis, game theory, options and derivative pricing, cost of capital, beta derivation, etc.

And accounting also involves audit assurance, ethics, performance measurement, cash / treasury management etc
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Re: Statistics is more difficult than banking and finance?

Postby kayatoaster » Wed Jun 22, 2011 10:51 am

i think stats is more of like for pple who purely like maths and calculations.

hated stats back in sch...zzz

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Re: Statistics is more difficult than banking and finance?

Postby Millicent » Wed Jun 22, 2011 12:29 pm

Yes, statistics is a subject with higher "casualty rate" compared to other subjects. I did statistics as a minor subject in NUS years ago.

Millicent
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Re: Statistics is more difficult than banking and finance?

Postby rosemummy » Wed Jun 22, 2011 5:32 pm

verykiasu2010 wrote:Stats is like pure math. More difficult as is more 'dry' compared with banking & finance. Stats people usually go into insurance if not teaching or national statistics dept

Banking involves law, organisation bahaviour, general management, accounting & financial analysis

Finance involves accounting, costing, analysis, game theory, options and derivative pricing, cost of capital, beta derivation, etc.

And accounting also involves audit assurance, ethics, performance measurement, cash / treasury management etc


Yes, and finance does involve a fair bit of statistics like derivative pricing, or calculating beta and volatility. All the subjects are different but related.

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