1. Class Quizzes
Due: Various Weighting: 20%
Online Quizzes (20%)
Assessed coursework tasks will be held online 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 (Friday 5th February) Modules 1 & 4 of CPA segment materials
- Task #2 (Friday 26th February) Modules 5 & 6 of CPA segment materials
- Task #3 (Friday 19th March) Modules 2 & 3 of CPA segment materials
- Task #4 (Friday 26th March) Module 7 of CPA segment materials
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.
No extension will be granted. There is no supplementary coursework task if you are absent.
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%
In class participation and attendance accounts for 20% 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. Attendance will be taken.
Activities will also be created and assessed as part of class participation including creation of study plans, Peerwise and completion of CPA online learning. See ilearn for details.
3. Mid Semester Test
Due: Monday 29th March (Time to be confirmed) Weighting: 30%
A class test has been provisionally set for Monday 29th March (to be confirmed). The 3 hour 15 mins class test will be conducted as an online exam, Once confirmed, the date and time will be advised. 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.
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.
No extension will be granted. There is no supplementary test if you are absent.
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: 7 April - 25 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.
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 150 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 GradExtension
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.
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.