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:

 

  1. You must enrol in the Financial Reporting course with CPA Australia and provide a copy of the enrolment confirmation via the online form before you will be permitted to enrol in this course. When this is received, admissions will activate the online enrolment function.

  2. 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)

  3. 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 to MPA.CPA@rmit.edu.au. 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 29 July 2019 will result in a Fail (NH) for the RMIT course.

  4. 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 in your second attempt, you will be awarded a Fail (NH) for the course and have the following options:
    1. 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
    2. Apply for a program change into the MC194 Master of Professional Accounting

  5. If you defer the Financial Reporting examination, you must submit a copy of your deferral approval from CPA Australia to MPA.CPA@rmit.edu.au. 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.


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

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)

Course Coordinator: Dr Grace Wong

Course Coordinator Phone: 99255709

Course Coordinator Email: grace.wong@rmit.edu.au

Course Coordinator Location: 80.11.12

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:

  1. Enrol into this subject with CPA Australia
  2. Complete the CPA Course Enrolment Request Form and attach a copy of your confirmation of enrolment with CPA Australia
  3. 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

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On completion of this course you will be able to:

  1. Explain the application and basis of selected IFRSs issued by the IASB
  2. Apply IFRSs in the preparation of general purpose financial statements
  3. Comprehend and explain details relating to general purpose financial statements
  4. Facilitate the preparation of general purpose financial statements including the exercise of professional judgement


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. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.

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

Please note that the assessment information listed below is currently undergoing review and is subject to change.

 

Assessment Task 1:   50%

Linked to CLOs 1, 2, 3, 4

Assessment Task 2:   20%

Linked to CLOs 1, 2, 3, 4

Assessment Task 3:  30%  (exam hurdle) CPA Australia Examination

Linked to CLOs 1, 2, 3, 4

The CPA Australia segment 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.