ACCG8307 CPA Financial Reporting Study Plan Discussion - 2020

This document presents a comprehensive study plan for ACCG8307, CPA Financial Reporting, outlining the assessment structure and learning objectives. The plan details the weightage and requirements for each assessment component, including class quizzes, class participation (with a Peerwise task), a class test, and the final examination. The study plan provides a breakdown of topics covered in each quiz, the importance of class participation, and the format of the class test and final exam. The final examination, aligned with CPA Australia's format, covers all modules and emphasizes applying accounting standards to business transactions. The document emphasizes the importance of time management, with suggested study hours for each component, and aims to prepare students for the CPA exam by evaluating their understanding and application of financial reporting principles.

Running head: STUDY PLAN DISCUSSION
STUDY PLAN DISCUSSION
Name of the Student
Name of the University
Author Note

1STUDY PLAN DISCUSSION
A study plan depicts the complete planning of study that encompasses and covers all
the requirement of study and at the same time fulfills the learning outcomes. The main aim of
this particular study plan is to fulfil the following learning outcomes:
 Preparation of financial statements by applying requisite standards of accounting into
fundamental business transactions.
 Critical evaluation of key accounting problems which may arise when conceptual
framework and such requisite standards of accounting will be applied in business
transactions.
 Professional communication of the issues identified through proper research while
preparing the financial statements.
 Careful scrutiny and interpretation of the identified issues in financial accounting to
apply such results in skills of business.
The fulfilment of these learning outcomes after the Final Examination will earn a total
of 10 credit points. The weightage of this credit points are divided into four categories and
proper fulfilment of these individual steps will earn a total of 10 credit points. These steps
along with strategies to fulfill the objectives of each stage in discussed as follows:
Class Quizzes
The total weightage on this particular segment is 20% of the total credit points and it
is requested to spend 15 hours on it. This particular segment will be conducted in the form of
4 different tasks during normal working of the class. There would be 10 separate multiple
choice questions, each containing one mark and no question will carry any negative marking.
Each of these 4 different tasks will carry 5% weightage. Each student will be allotted 30
minutes at the initiation of the lecture and each one of them have to complete within the
allotted time period as there will be no supplementary tasks on account of absenteeism and no

2STUDY PLAN DISCUSSION
extension is allowed either. The candidate will be marked a complete zero if that particular
candidate is absent on the specified date unless a request for absence is granted as per Special
Consideration Policy in compliance of the University Rules.
The aim of the Class Quizzes is a successful completion of the following learning outcomes:
 Preparation of financial statements integrating proper accounting standards in key
business transactions.
 Evaluation of the principal accounting problems which may arise out of the
implementation of proper framework and standards of accounting, which will then be
applied into normal business transactions to get a better result.
The topics that are to be covered for each quiz are as follows:
Task 1
This particular quiz assignment will happen on 3rd February and would cover Module
number 1 and 4 of the CPA segment materials. Here, Module 1 represents, “The role and
importance of financial reporting” and Module 4 represents, “Income Taxes” and “Time and
Location”. For studying these three topics, a week with a study time of 2 hours daily is to be
spent covering these three broad topics.
Task 2
This particular quiz assignment will assessed on 24th February and would cover
Module number 5 and 6 of the CPA segment materials. Here, Module 5 represents, “Business
Combinations and group accounting (part I & II)”, “Time and Location”, “Financial
instruments (Part 1 & 2)”. For studying these three topics, three weeks with a study time of 3
hours daily is to be spent covering these five broad topics.

3STUDY PLAN DISCUSSION
Task 3
This particular quiz assignment will assessed on 16th March and would cover Module
number 2 and 3 of the CPA segment materials. Here, Module 2 represents, “Presentation of
financial statements”, “Revenue, provisions, contingent liabilities and contingent assets (Part
1 & 2)”. For studying these three topics, three weeks with a study time of 2 hours daily is to
be spent covering these three important topics.
Task 4
This particular quiz assignment will assessed on 23rd March and would cover Module
number 7 of the CPA segment materials. Here, Module 7 represents, “Impairment of Assets”.
For studying this all important topic, one week with a study time of 2 hours daily is to be
spent covering this topic.
Class Participation
Class participation represents active involvement in the normal activities of the class
and it carries a total weightage of 20%. The Class Participation weightage is divided into two
categories namely, attendance and participation carrying 15% of the final grade and the
remaining 5% weightage is for the Peerwise task, which is to be submitted by 14th March,
Saturday. Here the students need to attend a minimum of 80% classes to secure pass marks.
In order to attain total marks in this segment, the student must do the following things:
 Five original and unique multiple choice questions are to prepared by each student
which is to be populated in Peerwise as well as submitted to turnitin.
 A thorough assessment is to be made for the 5 multiple choice questions prepared by
other students by providing comments on each question.
 A total of twenty multiple choice questions are to be answered.

4STUDY PLAN DISCUSSION
It should be remembered that no extension will be approved therefore there would be no
supplementary task for submission. It should also be remembered that there would be a zero
marking for non-submission unless it is granted as per Special Consideration Policy in
compliance of the University Rules.
On a successful completion of Class Participation, Professional communication of the
accounting issues can be identified through proper research while preparing the financial
statements. While the Peerwise task will ensure that the students achieve the desired learning
outcomes. In order to achieve the desired outcome, the student must study for at least 3 hours
daily with around eighteen hours for these three above mentioned tasks.
Class Test
The Class Test which will be conducted in the week initiating on 30th March, 2020
and will carry a total weightage of 30%. The class test was first set to be conducted on 16th of
September but later was shifted to the week beginning on 30th March however the exact date
is still to be fixed. The class test would be a 3 hours and 15 minutes test to be conducted
inside the premises mostly at the computer lab. The class test is designed as per the format
prescribed by CPA Australia’s Financial Reporting examination. The class test would cover
all the modules ranging from1 to 7. The total allotted marks for class test is 60. Out of this 60
marks 42 marks will be dedicated to multiple choice questions carrying 1 mark each and the
remaining 18 marks is allotted to short answer type questions. This test will be conducted as
per the prevailing condition of CPA Australia Final Exam in the format of an open book test.
There will be no extension that will be approved unless it is granted as per Special
Consideration Policy in compliance of the University Rules. There is no negative marking for
the class test. The student must devote a total of 60 hours for efficiently completing all the
modules of study.

5STUDY PLAN DISCUSSION
Final Examination
Here the main objective is to appear for the final examination, therefore, CPA
examination scheduled by the Australia is 11th April to 28th April. As per the schedule, the
examination will be conducted for three hours 15 minutes. There will be open book
examination which may contain a multiple choice based question. The final examination has
30 percent weightage of the total point. Now before going to frame a proper study plan a
student needs to check the marks criteria always. Thus conceding the marks distribution each
of the multiple based question has 65 percent weightage and the remaining part is for
descriptive which will carry rest 35 percent weightage. If the students looked at back then
they will find that at the early stage in this sector, CPA Australia has offered a total marks of
60, where 42 marks were allotted for the multiple choice question and the rest 18 marks are
for the written portion. As mentioned by the Australia under its examinations rules CPA
aspirants are required to complete multiple choice response sheet as well as attend to the
written portion relating to the problem based questions. Final exam will be conducted
according to its rules and regulations. The students are requested to keep in mind the date and
the venue of the examination. All the enrolled students are needs to keep updated themselves
by visit the official website regularly to extract any further information. All the students have
11 full weeks to prepare themselves at the highest degree of study. In total 100 to 120 hours
is being allocated for the students to take preparation that means all the students should study
3 to 4 hours daily. The total duration of started assignment including the final examination is
almost two and a half months. On the successful completion of the study students will able to
 Apply a relevant accounting standards to make a proper business transaction
 Critically analyse and evaluate the accounting issues

6STUDY PLAN DISCUSSION
 Examine and interpret the current problems related to the financial accounting
Consideration the concluding factor of the final examination, this assessment will
evaluate each student’s ability to validate and understanding the application methodology of
the values and challenges arises from the modules.