1. Class Quizzes

Due: Various Weighting: 20%  

In Class Quizzes (20%)

Assessed coursework tasks will be held during normal class time as detailed below.  Each assessed coursework task will be marked out of 10 and will consist of 10 multiple choice questions (each worth one mark).  Each quiz is worth 5%.

Topics to be covered are as follows:

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

- Task #2 (Week beginning 24th February) Modules 5 & 6 of CPA segment materials

- Task #3 (14 March)  Modules 2 & 3 of CPA segment materials 

- Task #4 (Week beginning 23rd March)  Module 7 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 Special Consideration Policy in accordance with university rules.  Approval under the Special Consideration Policy will result in an increase in the weighting of the marks allocated to other assessed coursework tasks.

You will receive marks online within one week of the quiz.

Quizzes will not be returned to students.

2. Class Participation

Due: Various Weighting: 20%  

Class Involvement (15%)

In class participation and attendance accounts for 15% of your final grade.  Merely attending does not guarantee a pass mark in this component. Students are expected to attend a minimum of 80% of classes.

Peerwise (5%)

Peerwise task will be due 5pm Saturday 14th March

Submission:

To receive the full 5% you will be required to 

• Create 5 unique and original multiple choice questions (these will be submitted to turnitin as well as populated in Peerwise)
• Assess 5 multiple choice questions created by other students (comments must be made)
• Answer 20 multiple choice questions

Failure to meet these requirements will result in a prorated grade.

Extension

No extension will be granted. There is no supplementary coursework task if you do not submit. 

Penalties

There will be a zero mark for non-completion unless an application is approved under the Special Consideration 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 3 hours preparing for each assessed coursework task (approximately 18 hours in total for all three tasks).

3. Class Test

Due: Week Beginning 30 March 2020 (TBC) Weighting: 30%

A class test has been provisionally set for the week beginning 16 September (to be confirmed). The 3 hour 15 mins class test will be conducted as an invigilated exam in a computer lab 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 60 and will consist of 42 multiple choice questions (each worth 1 mark) and also short answer style (total of 18 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 all weeks of learning and appropriate levels of study. In total, preparation time can be considered to involve 60 hours of work.

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 Special Consideration Policy in accordance with university rules. Approval under the Special Consideration Policy will result in the sitting of a supplementary examination at a date to be determined by the Unit Convenor.

4. Final Examination

Due: 11 April - 28 April Weighting: 30%

 The CPA Examination period is scheduled by CPA Australia.  CPA Australia has advised that the examination is a three hour 15 minutes 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 60 marks, with 42 marks being allocated to multiple choice questions and the other 18 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 directly 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.

Classes 

The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/

You MUST attend the class in which you are enrolled. 

Required and Recommended Texts and/or Materials

Prescribed  Reference  Materials

CPA Program: CPA 115 Financial Reporting, Deakin University, Geelong, January 2018 – provided by CPA Australia

Module Topic Notes (in powerpoint format) - to be downloaded each week from iLearn.

Recommended  Reference  Materials

The following source references will be used to provide practical application examples:

-        CPA Program: Financial Reporting Student Support Notes, BPP Learning Media Limited, January 2018 – available on iLearn

-        Picker, Leo, Loftus, Wise, Clark, Alfredson  Applying   International   Financial Reporting  Standards, 4^th  edition. John Wiley & Sons Australia Ltd, (2016).

-        Leo,   K.,   Hoggett,   J.,   Sweeting,   J   and   Radford   J.,Company    Accounting    In Australia,  10^th  edition, John Wiley & Sons Australia Ltd (2015).

Students will be required to use library resources to research beyond these materials in undertaking research necessary to complete their written presentation assignment.

The CPA Australia course materials have a reference list at the end of each module containing all references cited by the author. These provide some guidance to references that could be used to research an assignment on a particular issue.

Unit Web Page

•        Course material is available on the learning management system (iLearn)

•        The web page for this unit can be found at:   http://ilearn.mq.edu.au

Learning and Teaching Activities

Each class will meet weekly for a 3 hour lecture during the session. All scheduled classes are compulsory. In between classes, students are required to work through the relevant module(s) in the CPA program, CPA115 segment module, as well as work on assessment tasks.

Students are expected to fully study the course material and recommended readings of each CPA Module. You are encouraged to properly construct your own notes based on your reading, any additional comments, and supplements.

Each class will consist of an overview and discussion of the main content, concepts and issues from the relevant CPA Australia Module topics. In addition, other activities will take place that seek to enhance and enrich understanding of the content, the readings and any accounting standards related to each module. This will include working through questions in the CPA material and discussing articles or actual financial statements that help demonstrate the topic more fully.

Students will be provided with materials related to the topic by the lecturer (which will be placed on iLearn), however it is important to understand that these are only intended to be used as an overview and guide.

Technology Used and Required

Students will need access to Microsoft Excel, Word and Powerpoint to enable completion of various assessment tasks throughout the session.

In addition students will require access to the internet, including specifically access to iLearn.

Increase in class quizzes from 3 to 4. 

Inclusion of class participation mark (20%)

Removal of group assignment (20%)