Course Title: CPA Financial Reporting
Part A: Course Overview
Course Title: CPA Financial Reporting
Credit Points: 12.00
Important Information:
Additional rules apply to this course. They are:
- You must enrol in the Financial Reporting course with CPA Australia and provide a copy of the enrolment confirmation via this online form before you will be permitted to enrol in this course. Confirmation of enrolment with CPA Australia must be provided a minimum of five working days before the RMIT last date to add classes, to allow time for processing. Refer to RMIT Important dates for the last date to add classes. When confirmation for enrolment is received, the College of Business will provide further instructions to finalise your enrolment.
- The CPA Financial Reporting examination is a hurdle assessment for this course and you must successfully complete the examination in addition to achieving 50 percent or more for all assessment results combined to successfully complete the course. All six CPA examinations listed in the RMIT program structure must be passed as a condition for the award of the degree – MC260 Master of Professional Accounting (CPA Australia Extension)
- If you fail the CPA Financial Reporting examination, you must re-enrol in the failed Financial Reporting course with CPA Australia and provide a copy of your enrolment confirmation via the online form. Once enrolment confirmation is received, your grade for the RMIT CPA Financial Reporting course will be changed from Fail (NH) to Supplementary Exam state (SUP). You must re-sit the CPA Financial Reporting examination in the next CPA examination session. Failure to advise the University of your re-enrolment in the Financial Reporting course with CPA Australia by the next CPA Enrolment deadline will result in a Fail (NH) for the RMIT course. Refer to the CPA Australia website for exact enrolment deadlines.
- If you pass the Financial Reporting examination in the next examination sitting, you will be awarded a Supplementary Pass (SP). If you fail the CPA Financial Reporting examination on your second attempt, you will be awarded a Fail (NH) for the course and have the following options:
- Re-enrol in the course with RMIT and CPA Australia in the next semester and complete all assessment tasks (confirmation of enrolment with CPA Australia is required); or
- Apply for a program change into the MC194 Master of Professional Accounting
- If you defer the Financial Reporting examination, you must submit a copy of your deferral approval from CPA Australia via the online form. In this instance, you will be graded SUP for the semester, and you must complete the CPA Australia examination at the next immediate offering. If you successfully complete the examination, you will receive a Supplementary Pass (SP) grade. If you do not provide a copy of the deferral approval from CPA Australia or fail the Financial Reporting examination, you will receive a Fail (NH) grade for the RMIT CPA course and your options are outlined in point 4 above.
Please note, if you are taking your second attempt at CPA examination and you do not have a current enrolment with RMIT, you will need to provide a copy of CPA examination results via this online form.
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT2271 |
City Campus |
Postgraduate |
615H Accounting |
Face-to-Face |
Sem 1 2017, Sem 2 2017, Sem 2 2018, Sem 2 2019, Sem 2 2020, Sem 2 2021 |
Flexible Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT2271 |
City Campus |
Postgraduate |
615H Accounting |
Face-to-Face |
PGRDFlex18 (All) |
ACCT2271 |
City Campus |
Postgraduate |
615H Accounting |
Face-to-Face |
PGRDFx2019 (ZZZZ) |
ACCT2271 |
City Campus |
Postgraduate |
615H Accounting |
Face-to-Face |
PGRDFlex21 (SEM1) |
ACCT2271 |
City Campus |
Postgraduate |
615H Accounting |
Face-to-Face or Internet |
PGRDFx2020 (ZZZZ) |
ACCT2271 |
City Campus |
Postgraduate |
665H Accounting, Information Systems and Supply Chain |
Face-to-Face |
PGRDFlex23 (XXXX) |
Course Coordinator: Dr Saiful Azam
Course Coordinator Phone: +613 9925 5716
Course Coordinator Email: mdsaiful.azam@rmit.edu.au
Course Coordinator Location: Building 80
Course Coordinator Availability: Please check with course coordinator
Pre-requisite Courses and Assumed Knowledge and Capabilities
Pre-requisite
Students must be an Associate Member of CPA Australia and be concurrently enrolled in the segment with CPA Australia
Before enrolling in this course you must complete a CPA Australia assessment form to ensure you have completed the necessary prerequisite studies from your current or past University studies.
Please note that a separate fee is charged by CPA Australia which is not included in RMIT tuition fees. It is important that you are familiar with the CPA Australia enrolment procedures and dates. You can access enrolment information at http://www.cpaaustralia.com.au/cpa-program/professional-level/enrolment
Enforced Requisites
- 001205 - ACCT1106 - Accounting, Accountability and Society
- 044123 - LAW2480 - Business & Corporations Law
- 005031 - BAFI1100 - Financial Decision Making
- 001208 - ACCT1110 - Contemporary Financial & Integrated Reporting
- 050709 - ACCT2279 - Strategic Management & Control Systems
- 050708 - ECON1314 - Quantitative Methods for Economic Analysis
- 032829 - ACCT2111 - Accounting Thought and Ethics
How to Enrol:
- Enrol into this subject with CPA Australia
- Complete the CPA Course Enrolment Request Form and attach a copy of your confirmation of enrolment with CPA Australia
- Proceed to add your course through Enrolment Online or OUA, when you have received your approval from the College of Business.
Course Description
This is a core course in the Master of Professional Accounting (CPA Australia Extension) degree. This course develops your ability as an accounting graduate to deepen your financial reporting and business skills that are applicable in an international professional environment. The course is based on International Financial Reporting Standards (IFRSs). You will be able to provide relevant business advice to a range of stakeholders. This course integrates the materials from the CPA Program Professional Level segment titled ‘Financial Disclosure’ and prepares you for the CPA examination.
Objectives/Learning Outcomes/Capability Development
-
On completion of this course you will be able to:
CLO1: Appraise selected IFRSs issued by the IASB in terms of their implications for current accounting practice.
CLO2: Evaluate the application of particular IFRSs in the preparation of general purpose financial statements.
CLO3: Exercise professional judgement in the context of preparing general purpose financial statements.
CLO4: Reflect critically on some important contemporary issues in financial reporting.
Overview of Learning Activities
Learning activities include: face to face workshops, use of online materials and resources, debates, case studies, applied research on current issues, guest speakers and completion of weekly work.
In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
Overview of Learning Resources
RMIT workshop notes and materials, RMIT online resources and CPA Australia materials including sample exam questions.
Various learning resources are available online through myRMIT/Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 35%
Linked CLOs: 1, 2, 3, 4
Assessment Task 2: 35%
Linked CLOs: 1, 2, 3, 4
Assessment Task 3: 30%
Linked CLOs: 1, 2, 3, 4
The CPA Australia examination can consist of computer based multiple choice and/or extended response questions. Please refer to the CPA Australia subject outline for information on your examination format.