Assessed coursework tasks will be held during normal class time in weeks 3, 6 and 8.  Each assessed coursework task will be marked out of 10 and will consist of 10 multiple choice questions (each worth one mark).  Assessed coursework task 2 will represent 8% of your assessment and tasks 1 & 3 will represent 6% each of your assessment (with a total of 20% for all three tasks).

Topics to be covered are as follows:

- Task #1 (week 3) Modules 1&4 of CPA segment materials

- Task #2 (week 6) Modules 5&6 of CPA segment materials

- Task #3 (week 8) Modules 2&3 of CPA segment materials 

Submission:

All responses to multiple choice and written questions are to be made on the paper that is issued to you and returned at the completion of the allocated time.

Students will be allocated 30 minutes at the commencement of the lecture and will be required to complete these questions individually.  Students are permitted to refer to hard copy course materials. Access to electronic devices during the assessments tasks are not permitted.

Each multiple choice question will be marked on the basis of a correct response being worth one mark and an incorrect response or a blank response being worth zero.  There are no negative marks for incorrect answers.  

You must attempt each assessed coursework in your registered lecture.

Extension

No extension will be granted. There is no supplementary coursework task if you are absent. 

Penalties

There will be a zero mark for non-attendance unless an application is approved under the Disruption to Studies Policy in accordance with university rules.  Approval under the Disruption to Studies Policy will result in an increase in the weighting of the marks allocated to other assessed coursework tasks.

It is expected that students will spend approximately 6 hours preparing for each assessed coursework task (approximately 18 hours in total for all three tasks).

You will receive marks and feedback in lectures the following week.

A class test has been provisionally set for Friday 29 September (to be confirmed).  The 3 hour (plus 15 mins reading time) class test will be conducted as an invigilated exam in a different classroom than usual at a time to be advised.  Once confirmed, the date, time and venue will be advised in class and on iLearn.  It is possible that the planned date may change depending on internal examination logistics at Macquarie University.  You will be given adequate advance notice in classes and on iLearn, prior to the exam, regarding the actual date and time. 

The class test has been designed to mirror the format of the CPA Australia Financial Reporting exam as closely as possible.  The class test will be marked out of 65 and will consist of 45 multiple choice questions (each worth 1 mark) and also short answer style questions (worth a total of 20 marks). The examination will cover Modules 1 to 7.  The class test will be an open book test, conducted under similar conditions as the CPA Australia final exam.  

Submission

Each multiple choice question will be marked on the basis of a correct response being worth one mark and an incorrect response or a blank response being worth zero.  There are no negative marks for incorrect answers.  The written answers will be marked on the basis of a marking “grid” to be prepared in relation to the problems (yet to be written).

The class test itself involves 3 hours and 15 minutes of student time.  Study for the class test is based on 8 full weeks of learning and appropriate levels of study.  In total, preparation time can be considered to involve 60 hours of work.

You will receive full feedback about this exam in class and before the CPA Australia exam.  Questions and answers will be reviewed in the revision class to be held on Tuesday 10 October, with the focus on those areas where students performed most poorly. 

You must attempt the class test at the designated time.

Extension

No extension will be granted. There is no supplementary test if you are absent. 

Penalties

There will be a zero mark for non-attendance unless an application is approved under the Disruption to Studies Policy in accordance with university rules.  Approval under the Disruption to Studies Policy will result in the sitting of a supplementary examination at a date to be determined by the Unit Convenor.

 The CPA Examination period is scheduled by CPA Australia for 14-29 October.  CPA Australia has advised that the examination is a three hour (plus 15 minutes reading time) open book examination consisting of multiple choice questions worth approximately 65% of the marks and written responses worth the remaining approximately 35%.  In previous offerings of this segment by CPA Australia the examination has been marked out of a total of 65 marks, with 45 marks being allocated to multiple choice questions and the other 20 marks being allocated to written questions.

Submission

As prescribed by CPA Australia under its formal examination rules, CPA candidates are required to complete of a Multiple Choice Response Sheet relating to a range of Multiple Choice Questions and also complete written answers to questions relating to problem provided in the exam.

Students are advised that the CPA examination is conducted by CPA Australia and in accordance with their rules and regulations.  It is the responsibility of students to be aware of the rules and requirements of CPA Australia, as well as the venue and time for the examination.

As a student enrolled in the CPA Program YOU are responsible for ensuring that you are in possession of the latest CPA Australia information.  The CPA Australia website with exam information is at http://www.cpaaustralia.com.au/cpa-program/professional-level/exams.  Please note that ANY AND ALL QUERIES regarding the CPA Australia exams and choices must be made by you to CPA Australia. 

The exam itself involves 3.25 hours of student time.  Study for the exam is based on 11 full weeks of learning and appropriate levels of study.  In total, preparation time can be considered to involve 100 – 120 hours of work (including all learning and study undertaken to date).

As outlined above this assessment task will be conducted as prescribed by CPA Australia under its formal examination rules.  These are stated to all CPA Australia candidates and to Macquarie University in a general form that is common to all CPA Australia professional program examination candidates wherever they may be sitting exams anywhere across Australia or internationally.  CPA Australia advises that the CPA Australia Exam examines all parts of the CPA Australia Study Guide (and other content clearly advised by CPA Australia – including International Financial Reporting Standards as advised by CPA Australia).  Accordingly, this assessment task evaluates each student’s ability to demonstrate an understanding and/or application of the values and issues that arise from Modules 1 to 7.

The marking standards are as applied by CPA Australia under its formal examination rules.  These are not stated to Macquarie University in detail but are common to all CPA Australia professional program examination candidates wherever they may be sitting exams anywhere across Australia or internationally.             CPA Australia awards grades of Fail, Pass, Credit, Distinction and High Distinction.  CPA Australia advises that a mark lower than 60% is a Fail Grade. 

CPA Grades are converted by Macquarie University to a mark out of 30 as follows:  CPA Pass Grade 18 out of 30 (60%); CPA Credit Grade 21 out of 30 (70%); CPA Distinction Grade 24 out of 30 (80%); CPA High Distinction Grade 27 out of 30 (90%).            

Where a student fails the CPA Australia exam they cannot Pass ACCG907 in the current Session.  Where such a Student has attained at least 35 marks (50%) of the Macquarie University Assessment items (ie excluding assessment task 3, the CPA Australia Final Exam) students may be awarded an Incomplete grade pending successful completion of the CPA Financial Reporting Exam.  Where students do not attain at least 35 marks for the Macquarie University Assessment an overall Fail grade may apply.

Extension

In the event that you do not attend the CPA Australia examination you will be subject to the rules applicable to CPA Australia candidature. These rules are those of CPA Australia and students should consult direct with CPA Australia.

Penalties

Non-attendance at the CPA Australia examination will result in a mark of zero unless rules applicable to CPA Australia candidature may provide an alternative outcome.  These rules are those of CPA Australia and students should consult direct with CPA Australia.

This assessment task will require students to review an entity’s financial statements for evidence of compliance with select accounting standard disclosures.  Specific details of the requirements of the report will be made available on iLearn by week 4 of the session.  A formal Assessment Sheet providing all marking criteria will be posted along with the assignment requirements.

Submission

The report is due on Tuesday 7 November by 5.00pm and must be submitted electronically through iLearn.  Specific instructions on how to submit the report will be included within the assignment requirements.

The marks for this report will be split between the validity of the technical content and the appropriateness of the communication performed. You will receive feedback on the format and content of your report electronically through iLearn no later than Tuesday 21 November.

It is expected that this task will take approximately 12 hours to complete.

Extension

No extension will be granted.

Penalties

The penalty for late submission is 10% (two marks) per day (or part thereof) that your report is submitted late.  This penalty does not apply for cases in which an application for Disruption of Studies is made and approved.