Business Statistics

Course packs made of openly licensed course materials for educators to use, customize, and share for free. They are collaboratively designed by subject matter experts, instructors, and instructional designers.


The content of the coursework for Statistics was created to meet all of the Statistics for the CPA program. As of 2020, the required CPA competencies are:

- Probability

- Discrete probability distributions

- Normal and other continuous probability distributions (e.g. exponential and/or uniform)

- Sampling, confidence intervals and estimation

- Hypothesis testing (one and two-sample, means and proportions, ANOVA)

- Chi-square tests

- Regression and correlation (simple linear, multiple including model building)

- Forecast time series data

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Learning Outcomes

  • Determine the cost of long-term assets and compute depreciation;
  • Define and record current liabilities including notes payable;
  • Account for long-term liabilities including the issuance, amortization and retirement of bonds;
  • Describe the nature and issuance of capital stock;
  • Compute earnings per share - both basic and fully diluted earnings per share;
  • Account for cash and stock dividends, and discuss stock splits;
  • Prepare a statement of retained earnings;
  • Describe and account for partnerships;
  • Develop and analyze cash flow statements for different users;
  • Prepare a statement of changes in financial position;
  • Explain the nature and purpose of independent audits of financial statements, and discuss the crucial role of professional judgment in the financial reporting process;
  • Describe and account for debt and share investments.

Course Materials