Unit Outline

BFA604

CPA Financial Reporting

Semester 2, 2024

Bernadette Smith

Tasmanian School of Business & Economics (TSBE)

College of Business and Economics

CRICOS Provider Code: 00586B

What is the Unit About?

Unit Description

CPA Financial Reporting is designed to provide you with financial reporting and business skills that are applicable in an international professional environment. This unit is delivered in preparation for CPA exams and provides tuition support for your enrolment in the core CPA professional Level segment: Financial Reporting. As a member of accounting profession with financial reporting skills and knowledge, you are expected to provide business advice to board of directors, analysts, shareholders, creditors, colleagues and other stakeholders as well as to provide assurance services for financial reports. Therefore, a good understanding of the International Financial Reporting Standard (IFRSs) and financial reporting is essential for your professional career. The unit also develops some professional skills such as reporting writing and communication skills

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, 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	Explain details relating to general purpose financial statements
4	Prepare general purpose financial statements for designated entities, including the exercise of professional judgment.

Requisites


REQUISITE TYPE	REQUISITES
Pre-requisite	BFA503 AND BFA507 AND BFA601 AND BFA605 AND BFA612 AND BEA603 AND BFA714 AND BFA715

Alterations as a result of student feedback

Teaching arrangements


ATTENDANCE MODE	TEACHING TYPE	LEARNING ACTIVITY	CONTACT HOURS	FREQUENCY
On Campus	Workshop	Introductory 1h workshop, Week 1	1	Once only
	Lecture (Online)	Pre-recorded 1h lecture, once a week	1	Weekly
	Workshop	2h workshop, fortnightly, commencing in Week 2	2	1 time per fortnight
	Other	5h independent learning	5	Weekly
Online	Online Class	Introductory 1h workshop, Week 1	1	Once only
	Independent Learning	Pre-recorded 1h lecture, once a week	1	Weekly
	Online Class	1h workshop, weekly, commencing in Week 2	1	Weekly
	Independent Learning	5h independent learning	5	Weekly

Attendance / engagement expectations

If your unit is offered On campus, it is expected that you will attend all on-campus and onsite learning activities. This is to support your own learning and the development of a learning community within the unit. If you are unable to attend regularly, please discuss the situation with your course coordinator and/or our UConnect support team.

If your unit is offered Online or includes online activities, it is expected you will engage in all those activities as indicated in the Unit Outline or MyLO, including any self-directed learning.

If you miss a learning activity for a legitimate reason (e.g., illness, carer responsibilities) teaching staff will attempt to provide alternative activities (e.g., make up readings) where it is possible.

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Final Exam	See the MyLO site for the due date	100 %	LO1, LO2, LO3, LO4

Assessment details

Assessment Task 1: Final Exam

Task Description:

You must attend the CPA exam. You will need to book a specific time, date and location of the exam with CPA.
You are advised that the CPA examination is conducted by CPA Australia and in accordance with their rules and regulations. It is your responsibility 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 CPA program, you are responsible for ensuring that you are in possession of the latest CPA Australia information.

Task Length:

Due Date:

See the MyLO site for the due date

Weight:

100 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Explain the application and basis of selected IFRSs issued by the IASB.	LO1
2	Apply IFRSs in the preparation of general purpose financial statements	LO2
3	Explain details relating to general purpose financial statements	LO3
4	Prepare general purpose financial statements for designated entities, including the exercise of professional judgment	LO4

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Academic integrity

Academic integrity is about acting responsibly, honestly, ethically, and collegially when using, producing, and communicating information with other students and staff members.

In written work, you must correctly reference the work of others to maintain academic integrity. To find out the referencing style for this unit, see the assessment information in the MyLO site, or contact your teaching staff. For more detail about Academic Integrity, see Important Guidelines & Support.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.

Required Resources

Required reading materials

You will need the following text: Learning materials provided by CPA

CPA Study Guide.

Module topic notes – to be available on MyLO Recommended readings.