Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2013
ii
Contents
General information Contacts Important dates2013
1 2 3
Exams 17
Exam dates Exam locations Changing an exam location Special exam arrangements Conrmation of exam location (including venue), dateand time Exam structure Past exam papers Attending exams Proof of identity Exam deferral Number of exam deferrals allowed Updates to segment study materials Cancellation of workshop and webinar registrationupon deferral ofexam Deferral fees Applying for an exam deferral Special consideration for exams Applying for special consideration Exam results Marking process Release dates and access Setting pass marks Fail results and queries 17 18 19 19 20 20 20 21 23 24 24 24 25 25 25 25 26 28 28 29 29 30
Assessment 6
Structure 8
Grades 29
Enrolment 11
Enrolment regulations Enrolment procedure CPD enrolment Enrolment dates Enrolment fee CPA Australia scholarships Conrmation of enrolment Exam enrolment Changing enrolment to an alternative segment Cancellation of segment enrolment Refund of enrolment fee upon cancellation ofsegment enrolment 11 13 13 13 13 14 14 14 14 14 15
Cancellation of workshop and webinar registrationupon cancellation of enrolment 15 Delivery of segment study materials Study material in accessible formats Missing or damaged components Replacement materials Withdrawal from CPA Program professional level 15 16 16 16 16
General information
Since 1986, the CPA Program has undergone many changes to maintain its relevance to the business world and to ensure CPAs are equipped to be strategic business leaders. TheCPAProgram continues to be recognised as a leading professional program and receives strong endorsement by employers. Over 80 000 members have completed the CPA Program todate. The CPA Program is offered globally. In 2012, there were over 65000 professional level segment enrolments. More than 24 000 CPA Australia members hold senior leadership roles, including more than 15 000 members at Chief Financial Ofcer or Chief Executive Ofcer level orin business owner roles. The CPA program will ensure you develop the appropriate skills, knowledge and values of a CPAthrough your exposure to a combination of accounting knowledge with strategic thinking and practical experience. Once you complete the CPA program, you will be joining one of the most globally recognised accountancy designations. The CPA Program Guideprofessional level (the Guide) contains all the information you need about the structure of the CPAProgram professional level, its administrative arrangements, contact details and other important features. The Guide has been divided into sections to make it easier to nd information relevant to you. Please use the bookmarks and the links included throughout the Guide to click through tothe relevant section of information. As a CPA Program candidate, it is essential that you familiarise yourself with the contents of this Guide and keep it handy at all times. Best wishes with your studies.
Contacts
Use the links below to access information about each point in the relevant section of the Guide. If you have any questions after reading this information, please contact CPA Australia or Deakin University as detailed below. For queries about:
Conrmation of enrolment Cancellation of enrolment Exam location changes* Exam deferral Special consideration Special exam arrangements Changing your personal details forexamadministrators records Membership and all other matters
Contact: CPA Australias divisional ofces Australian members can call 1300 73 73 73 to be automatically directed to their divisional ofce. Email: mais.advisory@cpaaustralia.com.au
Delivery of segment study materials if conrmation of enrolment has been received* Missing or damaged materials* Exams for candidates in remote areas in Australia (Other AustraliaREMO) and remote areas overseas (Other overseasOSEA) Exam notication Receiving exam results via SMS and accessing exam results on the Internet
Contact: Business Services Group Division of Student Administration Deakin University Phone: +61 3 5227 3200 or 1800 032 294 (toll free within Australia) Hours of operation: 8.30 a.m. to 5.00 p.m. (AEST) Monday, Tuesday, Thursday and Friday 9.30 a.m. to 5.00 p.m. Wednesday Facsimile: +61 3 5227 3221 Email: cpaadmin@deakin.edu.au Email: practicalexperience@cpaaustralia.com.au
For queries about the practical experience requirement Scan and email, fax or mail applications for:
Application forms for Enrolment, Cancellation of enrolment, Exam deferral and Special consideration can be found on the CPA Australia website. Links to these forms are also provided in the relevant sections of this guide If you have misplaced your materials or require replacement materials foranother reason To cancel your workshop/webinar registration if youcancel or defer your enrolment prior to the workshop/webinar For queries about My Online Learning
Contact: Member Administration CPA Australia GPO Box 2820 MELBOURNE VIC 3001 Email: MA.Comms@cpaaustralia.com.au Facsimile: 1300 78 76 73 (within Australia) or +61 3 9606 9844 (outside Australia)
Email: MA.Renewals@cpaaustralia.com.au
Email: MA.Events@cpaaustralia.com.au
Contact: Member Advisory Phone: 1300 73 73 73 (within Australia), +61 3 9606 9677 (international) Hours of operation: 8.30 a.m. to 5.00 p.m. (AEST) Monday to Friday Email: myonlinelearning@cpaaustralia.com.au
Important dates2013
These dates are correct at the time of publication (June 2013) but are subject to change. Pleaserefer to the website for current dates. Forconrmation of your exam location (including venue), date and time, refer to your Exam Notication Letter which you will receive by the specieddate below. Enrolment opens Early bird enrolment closing date First cancellation date (cancellations made after this date will not receive a refund). Last day to vary enrolment and update postal address Final enrolment closing date Semester begins Enrolment conrmation letter should be received by email or mail before Study materials should be received by mail by My Online Learning access available (until 6.00 a.m. AEST/AEDT* on the exam date) Deferral closing date Special exam arrangements closing date Final cancellation date (last day to cancel enrolment) Exam location change closing date (Standard, REMO and OSEA) Exam Notication Letter and Exam Regulations and Instructions notice to be received in the mail by Global Strategy and Leadership exam pre-seen information to be received by mail and available on My Online Learning Exam dates: Ethics and Governance Global Strategy and Leadership Financial Reporting Strategic Management Accounting Advanced Taxation Singapore Taxation Malaysia Taxation Contemporary Business Issues Advanced Audit and Assurance Financial Risk Management 29 April 2013 a.m. 29 April 2013 p.m. 30 April 2013 a.m. 30 April 2013 p.m. 2 May 2013 a.m. 2 May 2013 a.m. 2 May 2013 a.m. 2 May 2013 p.m. 3 May 2013 a.m. 3 May 2013 p.m. 13 May 2013 3 June 2013 14 June 2013 22 October 2013 a.m. 22 October 2013 p.m. 23 October 2013 a.m. 23 October 2013 p.m. 24 October 2013 a.m. 24 October 2013 a.m. 24 October 2013 a.m. 24 October 2013 p.m. 25 October 2013 a.m. 25 October 2013 p.m. 4 November 2013 25 November 2013 6 December 2013 6 December 2013
(accessible until 21 February 2014)
15 January 2013 30 January 2013 11 February 2013 11 February 2013 11 February 2013 11 February 2013 12 March 2013 12 March 2013 12 March 2013 12 March 2013 9 April 2013 16 April 2013
9 July 2013 22 July 2013 5 August 2013 5 August 2013 5 August 2013 5 August 2013 2 September 2013 2 September 2013 2 September 2013 2 September 2013 1 October 2013 8 October 2013
Special consideration application closing date Instructions for accessing exam results (via SMS and online) to be received in the mail by Exam results released by SMS from 12.00 p.m. AEST/AEDT*
Exam results available online from 12.00 p.m. AEST/AEDT* 14 June 2013 (accessible until 30 August 2013) Transcripts mailed from Melbourne, Australia Personal analysis letters available online Practical experience requirement enrolment
*
AEST/AEDT refers to Australian Eastern Standard Time (AEST) or Australian Eastern Daylight Time (AEDT). Pleasenotethat all closing dates end at midnight AEST or AEDT on the specied day.
Overview
Objectives
The CPA Program professional level a world class, internationally recognised designation. Thecontent of the CPAProgram professional level focuses on strategy, leadership and international business. Content is globally relevant, with a focus on providing exible learning anddelivery modes. Along with a focus on the latest technical issues and developments in the profession, theprogram is positioned within the broader context ofcontemporary business, including: corporate governance, ethics and integrity development and implementation of business strategy decision-making and leadership. The CPA Program professional level equips you with strong analytical and problem-solving capabilities designed to add real value to your career.
Each professional level segment is postgraduate equivalent and it is strongly recommended thatyou undertake only one segment per semester if you are employed full time.
Internet access
You are required to have access to the Internet and a current email address. During the semester you will receive important information via My Online Learning and email. These provide a quick method of contact if there are important changes or updates. If you need to change your email address or other contact details, please visit the Update my prole section on CPA Australias website. This will automatically update your details on the study group listing and in CPA Australias membership database. It is your responsibility to keep up to date with relevant changes or updates.
Assessment
CPA Program professional level exams are conducted at the end of the semester. Each segment exam is a three-hour open-book exam with 15 minutes reading time. Note: For Singapore Taxation, the exam is closed-book, but candidates may bring unmarked copies of the Income Tax and GST Acts into the exam. For further information regarding the exams, see the Exams section in this guide. Information on the structure and weightings of the exams is included for each segment on the CPA Australia website and in the Regulations and Instructions notice that is mailed to candidates before theirexams.
My Online Learning
Access to My Online Learning is provided to keep you up-to-date with important segment developments and to enhance your learning and understanding. You should access My Online Learning at least once a week to support your studies. My Online Learning is available free of charge with current and valid enrolments in the CPAProgram professional level along with current and active membership. Please note, ifyouhave deferred your exam in the current semester, your access to My Online Learning willbe transferred to the following semester. You will not have access to My Online Learning untilyourenew your membership. My Online Learning can be accessed from anywhere in the world via CPA Australias website. Allyou need is your existing website username and password. My Online Learning is open from the start of the semester until the exam date for the relevant segment. My Online Learning may contain: Announcements on important aspects of the CPA Program professional level segments. Calendar (pre-loaded with important dates) that may be personalised. Limited Modules Online covering approximately the rst two weeks of the syllabus to ensure you can start your readings at the start of the semester. Critical Study Guide Content Updates may be posted on My Online Learning during the semester. Study guide content updates are examinable. Discussion forums for you to post queries about the technical content of the segment. Study Groups for you to network with other candidates who have also elected to join a study group. Electronic self-assessment tests (e-SATs). These are practice questions which will help you to consolidate your understanding of concepts covered in the segment materials. Workshop materials developed for the face-to-face workshops. Global Strategy and Leadership (GSL) candidates can access important exam pre-seen information from the date indicated in the Important dates. Contemporary Business Issues (CBI) candidates will need to use My Online Learning to access the CBI Desk which contains Modules 2 and 6 online, additional online content, supplementary learning resources and candidate IT support. Information on how to use My Online Learning is included with your segment materials and is available on the website, including a demonstration video.
Structure
To successfully complete the CPA Program, candidates commencing from Semester 22009* onwards will need to complete four compulsory segments and two elective segments, from a list of four, within six years of becoming an Associate member, and also completethe practical experience requirement.
* Note: If you commenced the CPA Program before Semester 2 2009, see the Rules and regulations onCPA Australias website for the completion requirements.
Enrolment guidelines: It is recommended that you enrol in Ethics and Governance rst. You will not be able to enrol in Global Strategy and Leadership until all other compulsory segments have been successfully completed. If you are working full-time, you are strongly advised to enrol in only one segment persemester.
Admission policy
It is possible to be admitted to Associate membership of CPA Australia without having completed undergraduate studies in auditing and/or taxation. In this case, you must complete auditing and/ or taxation as part of your CPA Program elective segments. You must complete these segments in order to advance to CPA status. For example: Candidate A commences their CPA Program in Semester 2 2009. They have a majorin accounting but have not completed studies in auditing; therefore, their CPA Program willlooklike this: Ethics and Governance Strategic Management Accounting Financial Reporting Elective Advanced Audit and Assurance Global Strategy and Leadership. or Candidate B commences their CPA Program in Semester 2 2009. They have a major in accounting but have not completed studies in auditing or taxation; therefore, their CPA Program will look like this: Ethics and Governance Strategic Management Accounting Financial Reporting Advanced Audit and Assurance Advanced Taxation (or local taxation variant) Global Strategy and Leadership. As part of the admission process, you will be asked for information about the subjects you completed as part of your previous studies and whether you have completed studies in auditing and taxation. Your letter advising you of the outcome of your membership application will tell you what you must do to successfully complete the CPA Program.
Elective exemptions
A total of two exemptions in the CPA Program professional level may be granted on the basis ofprior learning which is assessed as being of equivalent content and depth. Prior learning mustbe postgraduate tertiary education and/or professional qualications. Only elective segments available in the current professional level of the CPA Program areconsidered: Advanced Audit and Assurance Advanced Taxation, Malaysia Taxation or Singapore Taxation Contemporary Business Issues Financial Risk Management. Exemptions are available if you have met CPAAustralias educational requirements for the core knowledge areas of taxation and auditing prior to starting the professional level. Courses (including Master of Professional Accounting) and subjects accredited by CPA Australia for exemptions in the core knowledge areas of the CPA Program foundation level are not eligiblefor exemptions into the professional level. No exemptions are available for compulsory segments.
10
11
Enrolment
All members of CPA Australia are eligible to enrol in the CPA Program professional level segments, including the exam. In addition, members may purchase the segment study guides for reference purposes only. For information on how to enrol in the practical experience requirement, refer to the CPAProgram professional levelpractical experience requirement section.
Enrolment regulations
1 Enrolment in the CPA Program professional level starts the rst time a candidate enrols in a segment or segments. Enrolments can be completed online or by submitting an enrolment form. To complete the CPA Program, candidates must pass CPA Program professional level exams in six segments (four compulsory and two electives) plus meet the practical experience requirement. The compulsory segments are: Ethics and Governance Financial Reporting Strategic Management Accounting Global Strategy and Leadership. Candidates can enrol in any available CPA Program professional level segment in their rst enrolment, although it is recommended that they begin with Ethics and Governance, and candidates must have successfully completed all other compulsory segments of the CPAProgram before enrolling in Global Strategy and Leadership. Enrolments require a completed and signed enrolment application to be lodged online or via mail/fax with the prescribed fee with CPA Australia by the advertised nal closing date for enrolments. If the prescribed fee is not included with the signed enrolment application the enrolment cannot be accepted. This may mean the enrolment will not be available until the followingsemester. Enrolment will be accepted by CPA Australia until the advertised closing dates (seeImportant dates). Candidates enrolling for the purpose of advancement to CPA status or for continuing professional development (CPD) purposes will be automatically enrolled in the professional level exam for that semester. Candidates who enrol for reference purposes only will not beenrolled in the exam. Non-members are not permitted to enrol in the CPA Program professional level. Enrollees must be of Associate (ASA) or CPA/FCPA status with current membership and must maintain membership while enrolled in a professional level segment of the CPA Program.
6 7
12
Members joining CPA Australia from 1 July 2007 onwards will have six years in which to complete the CPA Program professional level and practical experience requirement and apply to advance to CPA status. Members who joined CPA Australia between 1 January 2004 and 30 June 2007 will have eight years in which to complete the CPA Program and apply to advance to CPA status.
10 Candidates may enrol in up to three segments per semester. 11 Candidates admitted without undergraduate taxation and/or auditing must enrol in the Advanced Taxation (or local taxation variant) and/or the Advanced Audit and Assurance professional level segments in the CPA Program professional level in place of electives. 12 A maximum of two exemptions in elective segments only will be offered to candidates who satisfy the requirements as outlined in our recognition of prior learning policy which can be found on CPA Australias website. Applications must be forwarded with admission forms and your CPA Program professional level enrolment form to GPO Box 2820, Melbourne, Victoria, 3001. If you are based in Asia, please forward documentation to your local ofce. 13 Changes to enrolments in professional level segments will not be accepted after the advertised early bird closing date for enrolment. 14 Candidates are not permitted to withdraw from the CPA Program professional level within two semesters of their initial enrolment. 15 Cancellation of enrolment in the professional level segments will be accepted up to the advertised closing date for cancellation, but refunds for enrolments will not be issued after the advertised early bird closing date for enrolment. 16 If a candidate fails a professional level exam, does not attend a segment exam or is not granted an exam deferral by CPA Australia, the candidate must re-enrol and pay the prescribed fee to continue with that professional level segment. No refund will apply. 17 A professional level exam deferral fee will be payable for all deferral applications received by CPA Australia. See Important dates for deferral closing dates. 18 Exam deferral is to the next semester only. 19 Any additional reference material required for each professional level segment, such as relevant legislation, is outlined in the introductory section of the segment study guide. Relevant legislation can be obtained from sources such as CCH or Butterworths and is notsupplied as part of the study guide material. 20 Candidates must have access to relevant accounting and auditing standards and professional statements. Access is available via the standard setters websites or the CPAAustralia website. It will be necessary to print the relevant sections for exam purposes. 21 All candidates must have access to the Internet and a valid email address for the purposes of receiving updated information throughout the semester and to access study material for some segments. It is the candidates responsibility to provide current personal information to CPA Australia including name, mailing address, email address and contact numbers at all times. If this is not provided or kept up to date, materials may be sent to an incorrect address and candidates may be charged a re-issue fee; and candidates may not receive critical information relating to their enrolment in the CPA Program professional level. 22 If members intend to enrol in CPA Australias public practice distance learning program, the CPA Program Advanced Taxation segment must be completed as a prerequisite. Alternatively, the CPA Program Advanced Taxation segment can be studied concurrently with the public practice distance learning program. This requirement does not apply to members in New Zealand or members overseas who do not wish to obtain a public practice certicate to offer public accounting services in Australia. (You must be a CPA to enrol in the public practice distance learning program.) 23 All candidates are bound by the terms and regulations as detailed on the website and in the CPA Program Guideprofessional level. 24 All closing dates are at midnight Australian Eastern Standard Time or Australian Eastern Daylight Time.
13
Enrolment procedure
You may apply online: for a membership application to activate your Associate membership enrol in your rst segment of the CPAProgram professional level. If you have difculty applying online, please contact your divisional ofce. The timeframe provided to complete the CPA Program and advance to CPA status means it is not necessary to enrol in a segment every semester. However, any semesters in which you do not enrol in a segment are included in your timeframe to complete the professional level. You must submit an enrolment application and fee for each semester that you wish to enrol. To enrol in your next CPAProgram professional level segment, you can enrol online at any time during the enrolment period each semester. If you have difculty enrolling online, please contact your divisional ofce. There is no limit to the number of times you may enrol in a particular segment. If you fail a segment exam, cancel a segment enrolment or do not attend an exam and have not been granted an exam deferral, it is necessary to enrol in the segment again in a later semester and pay a new enrolment fee if you wish to continue with the segment. Enrollees must be of Associate or CPA status with current membership, and must maintain membership while enrolled in a professional level segment of the CPA Program. Failure to maintain current membership will result in the loss of access to all member online facilities, including the website, My Online Learning resources and Manage your CPA Program applicationssignicantly impacting on your exam preparation.
CPD enrolment
If you have completed the CPA Program professional level and wish to enrol in an individual segment or segments for the purpose of continuing professional development (CPD), pleasedownload an enrolment form from the website and send it with your fee payment totheappropriate address prior to the enrolment closing date for the semester you wish to enrolin. Members who have completed the CPA Program and wish to purchase segment materials for reference purposes can do so at any time during the enrolment period up to the enrolment closing dates below by downloading the enrolment form from the website and submitting it asindicated on the form.
Enrolment dates
Early bird enrolment closing dates are as follows: For Semester 1 2013 segment enrolments: 15 January 2013 For Semester 2 2013 segment enrolments: 9 July 2013 Enrolments will be accepted (at the full enrolment fee) after the advertised early bird enrolment closingdate up to the enrolment nal closing date of: For Semester 1 2013 segment enrolments: 30 January 2013 For Semester 2 2013 segment enrolments: 22 July 2013
Enrolment fee
A fee is payable for each new enrolment in a segment. A discount is applied for enrolments received by the early bird closing date. Please check the website for important dates and fees. Segment enrolment fees are notsubject to the Australian Goods and Services Tax (GST) because the CPA Program professional level is a GST-free education course. Information regarding reimbursement of the segment enrolment fee following cancellation of asegment enrolment can be found in the Refund of enrolment fee upon cancellation of enrolmentsection.
14
Conrmation of enrolment
If you enrol online, you will receive automatic conrmation of enrolment. If you enrol using the enrolment form, conrmation of enrolment will be mailed to you following the early bird enrolment closing date each semester. If you enrol by the advertised early bird closing date, youshould receive conrmation by the date shown in the Important dates. If you have enrolled before the advertised early bird closing date for enrolment but do not receive conrmation by these dates, please contact your divisional ofce.
Exam enrolment
With the exception of enrolments for reference purposes only, enrolment in a segment includes automatic enrolment in the exam conducted in the semester of enrolment. Further information regarding segment exams is provided under Exams.
15
Material covering approximately the rst two weeks of the semester is made available for most segments via My Online Learning, to assist candidates who experience delays in the delivery of study materials. Replacement study materials can be provided if a package is not received within a reasonable time following the date of despatch.
16
Replacement materials
If you have received your materials but have misplaced them or require replacement materialsfor another reason, please contact Member Administration. A fee will be payable forreplacementmaterials.
17
Exams
Exam dates
Scheduled exam dates are listed on the CPA Australia website and enrolment form before the start of the enrolment period each semester. They are also listed in the Important dates. Alternative exam dates and supplementary exams are not available. This is due to the secure nature of the exam process and the large number of exams that are conducted throughout the world each semester. Ifthe advertised dates are unsuitable: you may delay your enrolment to a future semester ifyour personal circumstances alter following enrolment in a segment due to a medical condition, heavyworkload, clash with another exam, or misreading the exam information supplied, youmay be eligible to defer your exam or cancel your enrolment in the segment if you miss the exam due to circumstances beyond your control you should contact your local CPA Australia divisional ofce. You cannot sit a segment exam and then apply for a segment cancellation or deferral in the same semester. If you sit the exam, the result stands and no cancellation or deferral is allowed. If you sit the exam and your exam sit or your exam preparation was adversely affectedby exceptional circumstances beyond your control you are able to apply forspecial consideration up to the close date in each semester.
18
Exam locations
Location Code Australia ACT Canberra CANA NSW AlburyWodonga ALBN Armidale ARMN Bathurst BATN Bega BEGN Broken Hill BKHN Coffs Harbour CHBN Cooma COON Deniliquin DENN Dubbo DUBN Forbes FORN Gosford GOSN Grifth GRIN Inverell INVN Lismore LISN Moree MOEN Muswellbrook MUSN Narooma NRMN Newcastle NEWN Port Macquarie PTMN Sydney SYDN Sydney (Western area) SWEN Tamworth TAMN Wagga Wagga WAGN Wollongong WOLN Young YOUN NT Alice Springs ALIY Darwin DARY QLD Brisbane BRIQ Bundaberg BUNQ Cairns CAIQ Cannonvale CNNQ Emerald EMEQ Gladstone GLDQ Gold Coast GLCQ Mackay MCKQ Maryborough MARQ Moranbah MORQ Mount Isa MIMQ Murgon MURQ Rockhampton ROCQ Roma ROMQ Stanthorpe STPQ Sunshine Coast SUNQ Toowoomba TOOQ Townsville TOWQ Weipa WEIQ SA Adelaide ADES Berri BERS Mount Gambier MTGS Naracoorte NARS Port Lincoln PLIS Port Pirie PIRS Whyalla WHYS Location Code TAS Burnie BURT Hobart HOBT Launceston LAUT VIC Alexandra ALEV Ararat ARAV Bairnsdale BSDV Ballarat BALV Bendigo BENV Croydon CROV Frankston FRAV Geelong GLGV Gippsland GIPV Hamilton HAMV Horsham HORV Melbourne MELV Melbourne (Eastern area) MEAV Mildura MILV Shepparton SHPV Swan Hill SWAV Wangaratta WANV Warrnambool WBLV Wonthaggi WONV WA Albany ABNW Broome BOOW Bunbury BNBW Esperance ESPW Geraldton GERW Kalgoorlie KALW Karratha KARW Perth PERW Port Hedland PTHW Other Australia REMO Must be at least 120 km from the above locations.
See Special exam arrangements.
New Zealand Canada Auckland AUCO Calgary CAGO Christchurch CHRO Toronto TORO Hamilton HAMO Vancouver VCVO Wellington WELO China Papua New Guinea Beijing BEJO Lae LAEO Chongqing COGO Port Moresby PMCO Fujian FUJO Philippines Guangzhou GUAO Manila MANO Nanjing NAJO Qatar Shanghai SHCO Doha DOHO Shenzhen SHHO Sichuan CDSO Samoa Wuhan WUHO Apia APIO Zhejiang HGZO Scotland Glasgow GLAO England Birmingham BIRO Singapore SINO London LONO Solomon Islands Manchester MCHO Honiara HSIO Fiji Lautoka LAUO Suva SUVO Hong Kong HONO India Bangalore BNGO Chandigarh CHAO Chennai CNNO Mumbai MUMO New Delhi NWDO Indonesia Bali BLIO Jakarta JAKO Ireland Dublin DBLO Italy Rome ROMO Japan Tokyo TOKO Macau MACO Malaysia Bintulu BINO Ipoh IPHO Johore Bahru JOHO Kedah KEDO Kelantan KELO Kota Kinabalu KOTO Kuala Lumpur KUAO Kuantan KNTO Kuching KUCO Melaka MLKO Miri MIRO Penang PENO Sandakan SADO Sibu SIBO Tawau TAWO South Africa Johannesburg JHNO South Korea Seoul SEOO Taiwan Taipei TAPO Thailand Bangkok BANO United Arab Emirates Abu Dhabi ADUO Dubai DBAO USA Atlanta ATLO Boston BOSO Honolulu HOLO Houston HOSO Los Angeles LOSO New York NWYO San Francisco SFRO Washington D.C. WASO Vanuatu Port Vila PVIO
Vietnam Hanoi HNOO Ho Chi Minh City HOCO Other overseas OSEA Must be at least 120 km from theabove locations.
See Special exam arrangements.
19
Remote area location Exam arrangements will be provided if an established venue does not exist within a 120kilometre radius of your place of residence. In this case, you should nominate the REMO (Other Australia) or OSEA (Other overseas) exam location code on the enrolment form or, after enrolment, by requesting REMO or OSEA when you change your exam location online before the closing date. Deakin University may contact you to seek assistance in organising an appropriate exam supervisor and venue. All enquiries regarding remote area exam arrangements should be directed to the Business Services Group, Deakin University. Medical condition If you require special exam arrangements due to a medical condition, you should contact your divisional ofce with your requirements. All requests should be submitted before thespecial exam arrangements closing date shown in the Important dates. Requests must be supported by a medical certicate from a medical practitioner. Thecerticate must include: the name and description of the condition suffered how much extra reading time is required (if any)a standard exam has 15 minutes how much extra writing time is required (if any)a standard exam has three hours how much rest time is needed for the duration of the exam (if any)a standard exam does not have any periods of rest if any special exam materials are required (e.g. A3 enlarged exam paper and/or multiple-choice answer sheet) if any special equipment is needed (e.g. a laptop) if any special seating arrangements are needed (e.g. a separate room or to be seated near a toilet) whether the condition suffered is permanent and if the special exam arrangements arerequired for any future exams. Note: If you require food or drink during an exam, you should discuss your requirements with the Business Services Group, Deakin University.
If you apply for special exam arrangements for a medical condition, you are not automatically granted special consideration for your exam. The special exam arrangements will take into account the impact of the medical condition on exam performance. However, you must apply separately for special consideration each semester if this condition has impacted on your studies leading up to the exam or your exam performance, or if any of the other reasons for special consideration have impacted on your studies or exam sit.
20
Exam structure
Each segment exam is of three hours duration plus 15 minutes reading time. All exams are open book, except Singapore Taxation, and are based on the whole segmentthat is, thesegment study guide, supplementary materials, prescribed texts and readings. Candidates will be examined onall materials unless otherwise stated. For Singapore Taxation, the exam is closed book, with candidates able to bring only unmarked copies of the Income Tax and GST Acts into the exam. Exams for Ethics and Governance, Financial Reporting, Malaysia Taxation, Singapore Taxation, Strategic Management Accounting and Global Strategy and Leadership include assessment of your higher order conceptual, analytical and problem-solving skills through written response exam questions. Compulsory segments also contain a multiple choice component. Exams for most of the elective segments comprise multiple choice questions. For more information about the structure of the exams you should review the segment outlinesin the study guides and the Regulations and Instructions document which is enclosed with the Exam Notication Letter and mailed to you prior to the exam. Time allocations are suggested on the exam paper based on the marks assigned to each section. We also recommend that you read the Structure and Requirements section of the CPAAustralia website.
21
Attending exams
It is your responsibility to read and understand the following regulations and instructions prior to attending the exam. Please also ensure you carefully read the Exam Regulations and Instructions document that is mailed to you with your Exam Notication Letterthese will contain the most up-to-date information. No spare exam reference materials or equipment are available for you to borrow or use in the exam. Please ensure that you take all relevant items to your exam.
Required and reference items You are required to bring the following items to the exams: An ofcial form of photographic identication (see the Proof of identity section below). Your Exam Notication Letter. 2B pencils, a pencil sharpener and an eraser for completing the multiple choice answer sheet for applicable exams (all exams except Malaysia Taxation and SingaporeTaxation). Replacements are not supplied. Blue or black ballpoint or ink pens for completing the written response sections of applicable exams (Ethics and Governance, Financial Reporting, Global Strategy and Leadership, Malaysia Taxation, Singapore Taxation, Strategic Management Accounting and Practice Management). Replacements are not supplied. A silent electronic calculating device whose primary purpose is as a calculator. Note: 1 Electronic devices, including mobile telephones, smart phones such as the iPhone, pagers, electronic tablets such as the iPad, laptop computers, electronic dictionaries, personal communication devices such as, and similar to, a Palm device, electronic scanners and headphones, are not permitted. Also refer to the section Calculators and electronic devices for further information.
iPhone and iPad are trademarks of Apple Inc., registered in the US and other countries.
2 3
Candidates are not permitted to borrow another candidates calculator during the exams. Also refer to the section Calculators and electronic devices for further information. Ear plugs are not permitted unless a special exam arrangement has been made. Please see Special exam arrangements.
Calculators and electronic devices You will not be provided with a calculator for any CPA Program professional level exams. It is your responsibility to obtain a calculator that meets the requirements and rules of the exam. Financial calculators are useful for calculations such as time value of money, present and future value, amounts of annuities, net present value and internal rate of return. Itis your responsibility to know how to use these functions on your calculator. A standard calculator may be sufcient for certain exams, and a calculator with large keys may be easier to use under exam conditions. You need to be procient not only in performing calculations, but also in interpreting the results. You are not permitted to have any electronic devices in the exam room apart from a calculator. All calculators must operate silently. Other devices which are not primarily calculators but which have a calculator function are not permitted, including watches, mobile phones or smart phones with a calculator function, iPads or similar electronic tablets, Palm handhelds, laptop computers, electronic organisers and diaries, andpersonal communication devices. The use of these types of calculators in the examisexpresslyforbidden. Please ensure that your notes prepared for the exam are in a paper-based format. Supervisors will continuously check to ensure that candidates do not copy exam questionsonto paper or into text-storage calculators or other electronic devices. Food and drink Food and drink items that produce distracting odours or wrapper or container noise are not permitted in the exam room. If you have specic medical needs regarding consumption of food or drink during an exam, you should discuss your requirements with the BusinessServices Group at Deakin University. Please also see the Special exam arrangements section.
22
Entrance to and departure from the exam room You are advised to arrive at the exam venue no less than 15 minutes before the start of reading time in order to be seated before the start of the exam. You may not enter theexamroom more than 30 minutes after the start of reading time, nor are you permitted to leave during therst 60 minutes after the start of reading time or during the last 10minutes oftheexam. You must not enter the exam room until advised to do so by the exam supervisor. Upon arrival at your seat, place an ofcial proofof identity and your Exam Notication Letter at the top of your desk. Reading time Fifteen minutes of reading time is allocated before the start of the exam. Whenthe exam supervisor instructs you to start reading, familiarise yourself with the structure and question weighting of the exam paper, and identify relevant reference material. During reading time, you are not permitted to mark the exam paper or multiple choice answer sheet or any other materials in any way, including writing on, foldingor tagging (with Post-it notes or similar). The use ofcalculators is also not permitted either before or during reading time. Writing time When the exam supervisor instructs you to start writing, you are required to do thefollowing: Write your personal details on the front cover of the exam question booklet and multiple choice answer sheet. Sign the Academic Misconduct Policy on the front cover of the exam question booklet that states actions by CPA Program candidates, whether members of CPAAustralia or not, such as plagiarism, cheating, collusion and any other conduct whereby the candidate has sought to obtain an unfair academic advantage, are not permitted. These actions will be treated by CPA Australia as academic misconduct. You will not divulge the nature and content of any question or answer to any individual or entity, nor transcribe or copy in any manner any exam questions or remove any ofcial exam materials from the exam room. For the multiple choice questions, mark answers in 2B pencil on the multiple choice answer sheet during writing time, before the instruction to cease writing is given. Multiple choice answers recorded in your question book will not be marked. For the written response questions, use blue or black ballpoint or ink pens to write your answers in the space allocated within the question booklet during writing time, before the instruction to cease writing is given. You are not permitted to insert or attach to the exam question booklet any other sheets of paper with answers written on them. Answers written on attached or inserted pages will not be marked. All rough workings should be completed in the exam booklet itself. Conclusion of the exam At the conclusion of the exam, you must stop writing and clear all reference materials from your desk. Leave only your exam question booklet and multiple choice answer sheet on the desk for collection. You may depart only when all ofcial exam materials have been collected and checked by the exam supervisor, and only in accordance with instructions given by the supervisor. Breach of exam regulations Should you be suspected of breaching the exam regulations or Academic Misconduct Policy, the matter will be referred to CPA Australias Professional Conduct Unit forinvestigation. If the accusations are sustained, penalties include, but are not limited to, the following; Forfeiture of membership Suspension of membership Lowering of membership status Exclusion from admission as a member Requirement to undergo further CPA Program segments Fine Results withheld Failure of a segment.
23
You should be aware of the following: Results may be withheld if satisfactory proof of identity is not provided. Incorrect completion of the multiple choice answer sheet may lead to failure in the exam. Multiple choice answers recorded in your question booklet will not be marked. Failure to return the exam question booklet and/or multiple choice answer sheet will lead to automatic failure in the exam. Possession and/or use of unauthorised materials may lead to disciplinary proceedings against you. Disciplinary proceedings may be undertaken if you attempt to communicate with another candidate or view another candidates exam paper or multiple choice answer sheet during an exam, or if you copy exam questions and/or answers. Should you be suspected of breaching the exam regulations, you may be requested to appear before the Disciplinary Committee. If the accusations are sustained, youmay be ned and/or have CPAAustralia membership suspended or cancelled. The result of the exam concerned may also be recorded as a Fail. Non-disclosure of exams CPA Australia owns the rights to the intellectual property, copyright and trademarks used in providing the exam. The exam is made available to candidates only for the purpose of assessment. Candidates are prohibited from divulging, publishing, transcribing, reproducing or transmitting the exam and/or the exam items in any form or by any medium to any individual or entity. The exam questions and answers are not released or made available for viewing after the exam has been sat due to the secure nature of the exams and the process adopted by CPA Australia in establishing passing standards. Candidates are prohibited from removing any CPA Australia exam materials from the exam room. Failure to comply with CPA Australias policy about non-disclosure of exams can lead to the invalidation of exam results and further penalties. Inability to attend an exam An alternative exam date is not available. If you are not able to attend a scheduled exam, you may be eligible to apply for an exam deferral up to the advertised closing date. Alternatively, you may apply for an enrolment cancellation up to the advertised closing date. If you do not attend an exam at the scheduled time and date, and you have not been granted an exam deferral or enrolment cancellation, you will incur an exam result of Did Not Sit. If you wish to continue with the program, you are required to re-enrol and pay the fullenrolment fee in a later semester. If you are unable to attend the exam due to exceptional circumstances, you should contact your divisional ofce. Special consideration for a disadvantage experienced during the semester or during an exam If you sit the exam you may be eligible to apply for special consideration for your exam result if your exam preparation and/or performance has been adversely affected by exceptional circumstances beyond your control, such as a medical condition or personal hardship. It is your responsibility to submit documentation directly to CPA Australia by therelevant closing date. Applications will not be accepted at the exam.
Proof of identity
You are required to present current approved photographic identication at the exam. Approved identication includes: any passport, Australian drivers licence, Keypass (Australiaonly), HongKong Permanent Identity Card, Malaysia Identity Card, PRCIdentity Card, Singapore Identity Card, or Vietnam Identity Card. The name on the photographic identication must match the name on your Exam Notication Letter. Australian residents who do not hold a drivers licence or passport can obtain a Keypass, whichis a credit-card sized photo identication card for adults. Please note, the Keypass identication card is not a free service to CPA Australia members. Note: If you do not possess any of the approved proof of identity documents listed above, youmust bring to each exam an ofcial statutory declaration that states this and conrms your identity. At the exam you will then be required to complete the Deakin UniversityCPAAustralia candidate identity declaration form during exam writing time. For Australian residents, information on statutory declarations is available from the Attorney General department in eachState andTerritory.
24
You will be required to complete a Deakin UniversityCPA Australia candidate identity declaration form during your exam in the following circumstances: you do not present any of the approved proof of identity documents (listed above) attheexam your name, or the spelling of your name, on your approved proof of identity document does not match records held by the exam administrators. Please contact CPA Australia by 12 March 2013 (for Semester 1 2013) or 2 September 2013 (for Semester 2 2013) toadvise of any change of name or to correct any spelling anomalies. This will help to ensure that exam administrators records are up to date you do not know your candidate ID number (as recorded on your Exam Notication Letter) the exam supervisor identies some other anomaly in attempting to establish proof ofidentity. If you are required to complete the Deakin UniversityCPA Australia candidate identity declaration form, you must complete the form during exam writing time. To minimise disruption to your exam, please assist the exam supervisors to complete this procedure promptly.
Exam deferral
An exam deferral allows you to postpone the exam for a professional level segment to the following semester. Deferrals into a later semester are not available. Once granted: a result of Deferred will be recorded on your printed results transcript against the semester of enrolment you will be automatically re-enrolled in the equivalent exam in the following semester. The exam deferral provision is available to assist candidates who may be unable to prepare for or attend an exam due to reasons such as a medicalcondition orpersonal hardship. If you experience such difculties and can still attend the exam in the semester of enrolment, you may wish to sit the exam and apply for special consideration. You cannot sit a segment exam and then apply for a segment deferral in the same semester. If you sit the exam, the result stands and no deferral is allowed. If you sit the exam and your exam sit or your exam preparation was adversely affectedby exceptional circumstances beyond your control you are able to apply forspecial consideration up to the closing date in each semester. If you are not able to attend the exam in the following semester, you may defer the exam a second time in the following semester, or cancel your enrolment in the segment.
25
Deferral fees
There is a fee for exam deferral. Please check the website for important dates and fees. The deferral fee includes automatic re-enrolment in the segment and exam for the following semester and any updated materials. Other important information is as follows: you cannot transfer your deferral into another segment exam exams cannot be deferred beyond the following semester a semester in which a deferral is granted is included in your time-frame tocomplete theCPA Program professional level if an exam deferral is requested in the nal semester of the enrolment period, contact your localdivisional ofce to apply for an extension of time once an exam has been deferred, no refund of the deferral fee will be provided if enrolmentin the exam is reinstated if enrolment in a segment is subsequently cancelled, fees will not be reimbursed.
26
The majority of candidates undertake the CPA Program professional level in conjunction with full-time employment commitments. Therefore, pressures of work are not considered exceptional and, in light of this, applications for special consideration that are submitted for employment-related reasons will notbe accepted and will not be reviewed by the Special Consideration Committee. You should not apply for special consideration if you are unable to attend an exam. In this case, you can either: cancel your enrolmentin the segment, up to the advertised closing date, or apply for an exam deferral up to the advertised closing date (or contact your divisional ofce if exceptional circumstances arise after the closing date that prevent you from attending the exam). Special consideration applications are closely reviewed to ensure that all criteria and requirements have been met before they are accepted for consideration by the Committee. Following the special consideration application closing date and before the exam results are ofcially released, the Special Consideration Committee reviews the personal circumstances of each candidate whose application has been accepted and whose exam result has fallen within a specic range below the pass mark. The candidates performance is evaluated in light of the disadvantage suffered and similar cases are taken into consideration in order to ensure equity to all candidates. In considering an application for special consideration, theCommittee may take into account a candidates past performance in the CPA Program and any past applications forspecial consideration. Following this review process, the Committee may upgrade a Fail result to a Pass. Pass results are not amended to higher grades and the Special Consideration Committee does not review applications that have been accepted where the candidates exam result is a clear Fail. The ndings of the Special Consideration Committee are condential and disclosure of decisions made by the Committee cannot be provided. All special consideration applicants nal results will be announced as part of the ofcial release of exam results.
27
Reasons for special consideration and the required application documentation are as follows: 1 the completed Special consideration for professional level exams application form, available on the CPA Australia website and 2 supporting documentation as detailed in the following table. Category Medical condition Application documentation required A medical certicate must be submitted to support an application for a medical condition. It is preferred that the medical practitioner use the Medical certicate to support special consideration for exams application form, available on the CPA Australia website. Thisform needs to be taken to an appointment and completed by the medical practitioner at the time of consultation. If this is not possible, amedical certicate in other formats from a medical practitioner will be accepted if it contains: information detailing the condition an indication of whether the condition is mild, moderateorsevere the dates that you have been or will be affected information about how the condition has, or would, affectyour studies or exam performance. Illness, medical condition or not t for work are not sufcient explanations and may be difcult to fully assess by the Special Consideration Committee. You must also supply additional documentation that will support your application, suchas a statement detailing how the medical condition has impacted on your studies and/or exam performance. Personal hardship Personal hardship can include family issues, personal issues or nancial issues. Examples include, but are not limited to: relationshipbreakdown divorce death in the family ill relative requiring your care forced home moves redundancy attending court cases during the exam period. A heavy workload, including work travel requirements, is not a reason for hardship. Youmust establish in your documentation that it is a circumstance or situation that is out of your control. The currency of the situation and the currency of the documentation you supply will also beconsidered. You must supply a letter of personal hardship from someone not related to you by birth or marriage, includingdefacto relationship, or a letter from the doctor of your ill relative that contains: a detailed explanation of your personal hardship and the way in which it has, or would, affect your studies or examperformance relevant dates of the impact of the hardship information about how the author of the letter knows you (e.g.manager, workcolleague or friend) and how long they have known you contact details for the author of the letter. Youmust also supply additional documentation that will support your application, suchas a statement of personal hardship detailing theimpact onyour studies and/or exam performance.
28
Application documentation required A consignment note or written advice documenting: the date the materials were received the name(s) of the person(s) you contacted regarding thedelay the date(s) of contact. You must also supply additional documentation that will support your application, suchas a statement detailing how the late receipt of segment study materials has impacted on your studies or examperformance. Note: If you enrolled after the early bird enrolment closing date, anapplication made on this basis may not be approved. Material covering approximately the rst two weeks of the semester is made available for most segments via My Online Learning. Where available, this will be taken into account when considering any applications for special consideration based on late receipt of study materials.
Exam incident
If a disruptive incident occurs during an exam, you must supply documentation such as a statement describing the incident in detail and the effect it had on your exam performance. Followingreceipt of an application, CPA Australia may seek verication of the exam incident from the exam supervisor.
Exam results
Marking process
All candidates multiple choice exam answer sheets are electronically scanned by two independent systems. In addition, the written response sections of the compulsory segment exams are marked by a minimum of two independent expert markers. For the compulsory segments, both the multiple choice and written response marks are combinedto give a total mark for the exam. Answers to multiple choice questions that have been noted inthe question booklet or on working papers, but not recorded on the multiple choice answer sheet, are not assessed. Comprehensive audit procedures ensure that all answers that have been recorded on the multiple choice answer sheets and all answers to written response questions that have been written in thespace allocated within the question booklets are assessed. In relation to the written response exams, a detailed marking grid is completed for each candidate response. At least two to four markers are involved in the assessment of each paper. Approximately 25 per cent of papers are re-marked by different markers from those used intheoriginal marking to ensure consistency and fairness. If any inconsistency is detected on a multiple choice answer sheet, the relevant answer sheet is marked a third time by hand in order to conrm the result before it is released. Once all exam papers have been marked, approved special consideration applications are reviewed where exam results have fallen within a specic range below the pass mark. Subsequent to this,allcandidates exam results are nalised and appropriate exam grades areawarded. The care taken throughout this process of assessment ensures the integrity of every exam result. Therefore, individual exam papers will not be re-examined or re-marked after the nal exam results have been published. The secure nature of CPA Australia exams means that exam papers will not be released after the exams have been sat and CPA Australia securely destroys all exam papers approximately eight weeks after the release of nal results.
29
Grades
Ofcial exam results indicate the grade awarded. The pass grades that are currently in use for professional level exams include Pass, Credit, Distinction and High Distinction. Other grades inuse include Fail, Did Not Sit, Withdrawn, Deferred or Exemption. Printed result transcripts include all results listed on your academic record and cannot be produced to exclude Fail, Did Not Sit, Withdrawn and Deferred grades. In accordance with the policy of CPA Australias Professional Qualications Advisory Committee (formerly the Education Advisory Committee), neither the segment pass marks nor the mark range for each grade are disclosed.
30
Each segment pass mark is generally set between 60 and 65 per cent. The prociency level must be achieved in a single exam sitting and cannot be spread over more than one enrolment in any given segment. As described above, the prociency levels expected of candidates are determined by panels of subject matter experts each semester. These prociency levels are validated through statistical analysis and equating of results to ensure candidates are fairly graded from one semester to another. The required pass mark for each segment is conrmed by the Exam Policy Advisory Committee, which is made up of senior CPA Australia members. CPA Australia does not fail a predetermined percentage of candidates.
31
The practical experience requirement is a structured program for developing and demonstrating professional skills. An integrated part of the CPA Program, it is a requirement for advancing to CPA status. The practical experience requirement complies with the International Federation of Accountants (IFAC) International Educational Standards. As part of your practical experience requirement, you will need to demonstrate competence in four skill areas highly valued by employers.
32
There are three ways to demonstrates practical experience. Choose the method that best suits you and remember that you can change the way you demonstrate your requirements if your workcircumstances change.
You can apply for Recognition of Professional Experience to satisfy all, or part, of the practical experience requirement depending on your work experience. Your work experience needs to be in a relevant role and from the last eight years. Full members of an IFAC member body can also apply.
You can enrol with a Recognised Employer Partner and you will satisfy the practical experience requirements while taking part in your employers professional development program. A full list of Recognised Employer Partners is available at cpaaustralia.com.au/ rep_employer_partners
You can enrol any time, but there are many advantages to enrolling as soon as possible. The combination of skills and time spent in a mentored relationship will help you realise your potential as a leader in your profession.
Next steps
1. Follow the instructions on the form at cpaaustralia.com.au/ practicalexperience If you have any remaining time or skill requirements left to complete we recommend that you enrol in the practical experience requirement.
Next steps
1. Follow the instructions on the form at cpaaustralia.com.au/ practicalexperience Participate in the professional development program provided by your employer. Inform CPA Australia if you change employers or if you complete your time requirement by submitting an Update/Complete form.
Next steps
1. Find a CPA, FCPA or equivalent full member of an IFAC member body to be your mentor. Follow the instructions on the form at cpaaustralia.com.au/ practicalexperience cpaaustralia.com.au/ practicallogbook 4. Inform CPA Australia if you change employers, mentors or if you complete the requirements by submitting the Update/Complete form.
2.
2.
2.
3.
3.