Cpa Program Guide Professional Level PDF

CPA Program Guide professional level
2013
CPA Australia 2013
CPA PROGRAM GUIDEPROFESSIONAL LEVEL
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
CPA Program professional level educationcomponent 4

Overview 4 Objectives 4 Distance learning and independent study Content and materials Internet access Additional learning resources My Online Learning CPA Australias website and library Workshops and webinars Registered tuition providers Learning support products Current CPA Program structure from Semester 2 2009 Admission policy Elective exemptions Deadline to complete the CPA Program and advancetoCPAstatus Candidates admitted from 1 January 2004 up toandincluding 30June2007 4 5 5 6 6 7 7 7 7 8 9 9 10
Assessment 6
Structure 8
Grades 29
Candidates admitted from 1 July 2007 onwards 10 10
CPA Program professional level practicalexperience requirement 31
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
For queries about:

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:

Enrolment Cancellation of enrolment Exam deferral Special consideration
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)
Semester 1 10 December 2012 15 January 2013
Semester 2 17 June 2013 9 July 2013
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
*
21 June 2013 22 June 2013 Available all year
13 December 2013 14 December 2013 Available all year
(accessible until 30 August 2013) (accessible until 21 February 2014)
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.
CPA Program professional level educationcomponent
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.
Distance learning and independent study

The CPA Program professional level is offered via distance learning mode. Distance education provides: a exible and accessible approach an opportunity for you to demonstrate greater self-discipline and responsibility forthe planning and assessment of your own learning which isinkeeping with a professional accountants responsibility for ongoing self-development. To be prepared for the segment exam you are recommended to: study at least 1015 hours per week (as a general guide) study the segment materials thoroughly and rigorously, and work systematically through each module in the study guide including any associated readings complete the in-text questions use the Target Weekly Schedule Bookmark and the calendar on MyOnline Learning toassist you to plan a suitable study schedule.
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.
Content and materials

The CPA Program professional level education component incorporates advanced content and each segment has a strong practical orientation. Authors of the segment materials are drawn from industry, commerce, the public sector and tertiary education, and the materials are reviewed by panels of professional members employed in relevant accounting and nance elds. All segments are regularly updated to reect current practice, standards and legislation. Each segment includes: a printed study guide additional important materials such as a Target Weekly Schedule Bookmark and My Online Learning Information Sheet self-assessment questions that assist you to understand and review the topics covered. Intext reective questions and numbered exercises with answers provided are also included. Some segments include case scenarios to be worked through with answers provided for reference interactive computer-based learning material on MyOnline Learning for most segments, with some segments including reference items that assist candidates to understand and apply concepts to practical situations references to relevant standards and legislation which may be accessed through web links on My Online Learning or purchased from sources such as CCH, Butterworths, Pearson or Australian Tax Practice. Alternatively, theCPA Library holds a range of legislation to which members can refer. You must have access to relevant accounting and auditing standards and professional statements. Access is available via the standard setters websites or the CPA Australiawebsite. Youmay need to print out portionsforexam purposes, if relevant to the segment you are studying. Any additional material required is listed in the introductory section of each study guide. Thissection may also list materials that are recommended for further reading. These are intended to provide a broader background to the study topic. A summary of each segments aims, objectives and content is available on the CPA Australia website. To ensure you have continued access to important online resources and tools, including the ability to access your exam results online and via SMS, you need to ensure your membership remains current and nancial. Failure to renew your membership will result in loss of access tomember-only information and resources.
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.
Additional learning resources

My Online Learning provides access to a range of important study resources including announcements, segment study content updates, discussion forums and study groups. MyOnline Learning is available to all candidates as part of the fee paid at the time of enrolment. You are encouraged to make the most of the opportunities provided by these resources to discuss technical issues arising out of the study materials and to network with other candidates. A range of optional fee-based supplementary learning resources are also available. Please see the sections on workshops and webinars, tuition providers and supplementary learning below.
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.
CPA Australias website and library

You are encouraged to visit CPA Australias website to access a range of member services such as CPA Australia library resources, standards and professional statements and MyOnline Learning. Members must be registered users of the CPA Australia website to gain access to these services. Registering is simplejust go to the CPA Australia website.
Workshops and webinars

For most segments, a range of workshops are available to purchase if you wish to take part in face-to-face discussion of specic topics within the segment materials. These workshops are optional and are offered as an additional resource to assist you with your study. For most segments, webinars are also available for you to purchase. Webinars are often a condensed version of the concepts covered via the face-to-face workshops. Workshops and webinars typically focus on the more challenging topics and concepts within the study materials. To benet from your investment in workshops and webinars, it is important that you complete your study of any relevant modules prior to attending. PDFs of face-to-face workshop materials are also available on My Online Learning for all candidates to download. If you have registered to attend a face-to-face workshop, you will need to print the notes from My Online Learning to take to the workshop. An announcement willbeposted on My Online Learning when the workshop materials are available. In Australia, information about workshops and webinars and a registration brochure can beobtained on CPA Australias website or by calling 1300 73 73 73. Outside Australia, please contact your divisional ofce for information about workshops andwebinars. Note: If you are enrolled in Singapore Taxation you are expected to attend face-to-face tutorialsduring the semester. The tutorials are only offered in Singapore and are part of the Singapore Taxation study program.
Registered tuition providers

You have the option of accessing tuition via face-to-face or online methods for CPA Program professional level segments from registered tuition providers. The tuition provided is based on current learning objectives and study materials. A list of current registered tuition providers can be found on CPA Australias website. If you are interested, youshould contact the chosen provider directly to purchase and enrol in your tuition program. Note there are no tuition providers available for Singapore Taxation.
Learning support products

A range of optional quality learning products are available for you to purchase to assist with exam study and preparation. These include Revision Kits with practice exam questions andhandy reference Passcards. Visit the website for more information.
Current CPA Program structure from Semester 2 2009

The CPA Program consists of two levels: The foundation levelcore knowledge requirements that can be fullled through CPAAustralias series of eight foundation exams or through an accredited or recognised higher-education degree program. The professional levelsix postgraduate level segments plus the three-year practical experience requirement.
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.
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Deadline to complete the CPA Program and advance to CPAstatus

Candidates admitted from 1 July 2007 onwards
All new members admitted from 1 July 2007 onwards must complete the CPA Program professional level, including the practical experience requirement, and advance to CPA status within six years of admission to Associate membership. All candidates must also hold a degree or a postgraduate award recognised by CPA Australia before they can advance to CPA status. Associate members admitted from 1 July 2007 onwards who do not full these requirements and fail to advance to CPA status within six years of admission will be required to relinquish membership.
Candidates admitted from 1 January 2004 up to and including 30June2007

All new members admitted from 1 January 2004 up to and including 30 June 2007 must complete the CPA Program, including the practical experience requirement, and advance to CPA status within eight years of admission to Associate membership. Candidates admitted from 1 January 2007 up to and including 30 June 2007 have six years to complete the CPA Program provided the CPA Program is completed within the eight year advancement limit. Candidates admitted from 1 January 2004 up to and including 31 December 2006 have ve years to complete the CPA Program provided the CPA Program is completed within the eight year advancement limit. All candidates must also hold a degree or a postgraduate award recognised by CPA Australia before they can advance to CPA status. Associate members who do not full these requirements and fail to advance to CPA status within eight years of admission will be required to relinquish membership. Note: If you are unable to complete your CPA Program professional level segments or advance to CPA status within the relevant timeframe, extensions may be available. Please contact your local CPA Australia ofce to discuss your options.
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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.
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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.
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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.
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CPA Australia scholarships

A limited number of scholarships are available to assist with fees for CPA Program professional level segments. For more information about scholarships, go to the CPA Australia website.
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.
Changing enrolment to an alternative segment

You may change a segment nominated at the time of enrolment to an alternative segment via the online Manage your CPA Program application or by submitting a written request to MemberAdministration or to your divisional ofce if you are based in Hong Kong, MalaysiaorSingapore. Requests must be submitted no later than the advertised early bird enrolment closing date shown in the Important dates. Requests received after the early bird enrolment closing date cannot be accommodated and norefund will be available should you subsequently decide to cancel your enrolment.
Cancellation of segment enrolment

If you have enrolled in a segment and do not wish to continue or are unable to continue in the segment, you can cancel your enrolment in an individual segment up until the advertised closing date each semester. Following cancellation, all record of the segment enrolment will be deleted from your printed results transcript. If you wish to postpone a segment exam, rather than cancel your enrolment, you may be eligible to apply for an exam deferral. 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 closing date in each semester. You may cancel a current segment enrolment online via Manage Your CPA Program, andreceive automatic conrmation. To apply ofine, please: complete the Cancellation of professional level segment enrolment application form, available on the CPA Australia website. sign the printed form and send it to Member Administration. All applications must be received by CPA Australia no later than the advertised closing date shown in the Important dates. Applications received after the closing date will not be considered.
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Refund of enrolment fee upon cancellation of segment enrolment

A full reimbursement of the segment enrolment fee can be provided if a request to cancel a new segment enrolment (see previous section) is submitted online or received by Member Administration no later than the rst cancellation closing date shown in the Important dates. No refund of the enrolment fee can be provided if an application to cancel a segment enrolment is received after the rst cancellation closing date. Also, it is not possible to reimburse or credit fees for segment enrolments cancelled or deferred from previous semesters.
Cancellation of workshop and webinar registration upon cancellation of enrolment

Please note that registrations for workshops and webinars are not automatically cancelled if you cancel your enrolment in a segment. To cancel any of your workshops or webinars please contact CPA Australia on 1300 73 73 73 or email mais.advisory@cpaaustralia.com.au.
Delivery of segment study materials

Segment study materials are despatched within four weeks of the early bird enrolment closing date toall candidates who enrol by the early bird enrolment closing date. If you do not submit your enrolment form by the early bird enrolment closing date, you may not receive your study materials bythe start of the semester. To ensure that your materials are printed and sent to you in a timely manner your delivery address needs to be correct at the time of enrolment and may be updated while your order is still open. CPA Australia cannot make changes to orders that have already entered the despatch stage. The last date to update your delivery address is the early bird enrolment closing date. Ifyou need CPA Australia or its distribution provider to re-direct or reschedule your delivery you will be charged a replacement fee. Please contact CPAAustralia if you need to discuss yoursituation. Materials are mailed to candidates who have an Australian address and are couriered door to door to destinations outside Australia. In Australia, you may nominate a street addressor post ofce (P.O.) box for receipt of your materials, but for candidates residing overseas a street address is essential as the items must be signed for. Please nominate a street address where possible for delivery of materials. If you live in Russia, please nominate abusiness address including the business AT number. If you have not received your segment study materials by the dates shown in the Importantdates please contact: Business Services Group, Deakin University If you have received conrmation of enrolment*. your CPA Australia divisional ofce If you have not received conrmation of enrolment.
* Candidates enrolled in Singapore Taxation should contact the Singapore divisional ofce for all enquiries about the delivery of study materials for this segment.
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.
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Study material in accessible formats

If you require your study materials to be provided in an alternative format due to a medical condition, please contact your local divisional ofce. All requests should be submitted as soon as possible following your enrolment and before the early bird enrolment closing date (seeImportant dates) to allow sufcient time for the special arrangements to be made. Requests must be supported by a medical certicate from a medical practitioner. The certicate must include: the name and description of the condition suffered the special arrangements that are required for your study materials, such as enlargements whether the condition suffered is permanent and if the special arrangements are required for all future enrolments. You may also wish to apply for special exam arrangements and/or special consideration for your exam. See the relevant sections within this guide for further information on how to apply.
Missing or damaged components

On receipt of the study materials, you should ensure that the contents match the package checklist in the Dear CPA Program Professional Level Candidate letteraccompanying the study guide. The checklist also provides instructions for replacing missingor damaged components. All enquiries should be addressed to the Business Services Group, DeakinUniversity*.
* Candidates enrolled in Singapore Taxation should contact the Singapore divisional ofce for all enquiriesabout missing or damaged study materials.
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.
Withdrawal from CPA Program professional level

Withdrawal from the CPA Program professional level involves the deletion of all previous and anycurrent professional level segment enrolments from your academic record. In addition: an application to withdraw can be granted only after a period of two semesters (oneyear) has elapsed following your CPA Program professional level start date, althoughenrolment in individual segments may be cancelled during this period (seenextsection) withdrawal from the CPA Program professional level does not affect your CPAAustralia membership status following withdrawal, you may recommence the CPA Program professional level; however, this will be considered a new Program and your rst enrolment date will determine the structure and regulations that you will be required to follow. Pleaserefer to the rules and regulations on the website for further information and the relevanttimeframes. It is important to note that your original advancement deadline is not affected, and you will be required to complete all relevant subjects before that time. To completely withdraw from the CPA Program professional level and delete all record of yourenrolment contact your local divisional ofce.
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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.
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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.
Location Code Bangladesh Dhaka DAKO Brunei BRUO
Location Code Netherlands Amsterdam AMSO
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.
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Changing an exam location

You may change your exam location* online via Manage Your CPA Program before the advertised closing date. Closing dates for changing your exam location are shown in the Important dates. Ifyou require support, please contact your divisional ofce. Changes made by the closing date will be conrmed in the Exam Notication Letter (seeConrmation of exam location (including venue), date and time). Changes cannot be made after the closing dates in each semester due to the secure nature of the exams and the complex process required to organise and conduct more than 30 000 exams each semester in over 300 locations worldwide.
* Candidates enrolled in Singapore Taxation must attend the exam at the Tax Academys exam venue in Singapore. Change of exam location is not available to candidates enrolled inthissegment.
Special exam arrangements

Special exam arrangements are exam arrangements provided by exception for candidates who have specic exam requirements. These arrangements can be provided for candidates under the following circumstances only. Conrmation of the arrangements will be issued in the ExamNotication Letter:

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.
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Conrmation of exam location (including venue), date and time

Your exam location (including venue), date and time will be conrmed via the Exam Notication Letter which will be mailed to you by the advertised date in each semester. See Important dates. Enclosed with the letter is an Exam Regulations and Instructions document which explains the exam rules, requirements and mark allocations for the exam to prepare you for your exam sit. Ifthis information is not received by the appropriate date, please contact the Business Services Group, Deakin University. Please note, in rare circumstances exam arrangements may need to be altered therefore it is vital that you check your Exam Notication Letter for conrmed details of your exam. Wherever possible, your exam will be held at the advertised date and time, and at the exam location you have requested, but if the exam venue is not available at the location or no longer meets the required quality standard a change may be necessary and will be advised via the ExamNotication Letter. Please ensure your contact details are current and that you carefully review all communication from CPA Australia and Deakin University so that you are aware of the latest arrangements for your exam. Should you have any concerns regarding the exam information provided, please contact the Business Services Group, Deakin University. Candidates who receive written conrmation of an exam deferral or cancellation of enrolment should disregard the relevant exam details included in the ExamNotication Letter.
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.
Past exam papers

Questions and answers from current and past exams are not released or made available for viewing after the exams due to the secure nature of the exams and the process adopted by CPA Australia in establishing passing standards (see Setting pass marks). Electronic self-assessment tests (e-SATS)practice questions and answersare available on MyOnlineLearning for mostsegments. These questions provide an opportunity to review the segment content, and are of a similar format, presentation and style to the types of questions that are posed in the exams.
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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.
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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.
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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.
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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.
Number of exam deferrals allowed

Only two exam deferrals will be granted per professional level segment enrolment in consecutive semesters. A third deferral in a consecutive semester will not be provided unlessexceptional circumstances have adversely affected you. In order to consider an application for a third deferral in a consecutive semester, theapplication must be supported with relevant documentation. Supporting documentation is to be in the form of a medical certicate and/or a letter, from someone not related to you by birth or marriage, that explains your personalhardship. Note: 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 a third deferral that are submitted for employment-related reasons will not be granted.
Updates to segment study materials

Once an exam has been deferred, you need to retain your segment study materials. Any updated materials will automatically be sent to you the following semester. Your access to My Online Learning will alsobe transferred to the following semester.
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Cancellation of workshop and webinar registration upon deferral ofexam

Please note that registrations for workshops and webinars are not automatically cancelled if you defer your enrolment in a segment. To cancel any of your workshops or webinars please contact CPA Australia on 1300 73 73 73 or email mais.advisory@cpaaustralia.com.au.
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.
Applying for an exam deferral

You can defer online via Manage Your CPA Program and receive automatic conrmation of yourrequest. To apply ofine, please: complete the Professional level exam deferral application form electronically or by hand, available on the CPA Australia website signthe printed form send the form with the deferral fee toMember Administration. All applications must be received by the relevant closing date shown in the Important dates. If you are prevented from attending your exam due to exceptional circumstances that arise after the deferral closing date, please contact your divisional ofce. You will be asked to provide documentation to support your request, and your circumstances will be considered on a case by case basis. An exam result ofDidNot Sit will be recorded if you do not attend the exam and your exceptional application for deferral is denied.
Special consideration for exams

If you sit an exam, you may apply for special consideration for your exam result if your studies during the semester and/or your exam performance are adversely affected by exceptional circumstances beyond your control. Valid reasons for special consideration applications are: medical condition personal hardship which is identied as a situation or circumstance that has had a signicant impact on exam preparation and/or performance and is out of your control. Whereyou can control the situation it is not considered hardship. Hardship can include family issues, personal issues or nancial issues. Workload is not considered a reason forhardship late receipt of segment study materials if you enrolled by the early bird closing date exam incident.
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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.
Applying for special consideration

It is your responsibility to provide sufcient detailed information to support an application for special consideration, including information detailing the impact on your studies and/or exam performance. All applications need to be supported with relevant, current documentation from an independent person. If supporting documentation is not received by CPA Australia by the application closing date, the application will not be processed. You must detail the reason for your special consideration application and the extent to which your studies and/or performance in the exam were affected on the form provided. Whenapplying for special consideration, you must fully explain your situation and how it has impacted on your studies leading up to the exam and/or your performance in the exam to enable the Committee to fairly assess your situation and arrive at a decision. Where relevant, itis advisable to provide as much independent information as possible that supports your case. Itisexpected that all documentation supplied will be in English. Where documents are translated into English, thetranslated documents must be certied. To apply for special consideration: please ensure you intend to sit or have sat the exam and meet the criteria for specialconsideration complete the Specialconsideration for professional level exams application form, available on the CPA Australia website, electronically or by hand (please do not use the deferralform) sign the printed form send the form to Member Administration with all supporting documentation, remembering to check that the documentation is complete, including certied where required, andcurrent. All applications will be treated condentially and must be received by the advertised closing date shown in the Important dates. No application received afterthe closing date will be considered. All applications received by the application closing date will be acknowledged in writing before the ofcial release of results.
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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.
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Category Late receipt of segment study materials
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.
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Release dates and access

Before the nal exam results are announced, you will receive a letter advising you how to access your exam result. There are two options: Access your results online. The letter will contain a Result ID, a personal identication number (PIN) and an internet address for accessing your results online. Receive your result by SMS (short message service). You will need to pre-register for this service. Please read the letter carefully and follow the instructions provided. You will need to pre-register each semester to receive your results by SMS. If you have not received a letter notifying you of these arrangements by the date shown in the Important dates, you should contact the Business Services Group, DeakinUniversity. Exam results will be released on the dates listed in the Important dates. You will receive an ofcial CPA Australia printed results transcript after results are released. If you do not receive a printed results transcript within two weeks of theadvertised mailing date, you should contact your divisional ofce.
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.
Setting pass marks

All members of CPA Australia are required to attain a predetermined level of technical competence before Certied Practising Accountant (CPA) status can be awarded. The study material for each CPA Program professional level segment is designed to provide Associate members with an opportunity to develop appropriate knowledge and skills in the major areas of accounting. Each pass mark for the compulsory and elective segment exams is based on a determination of the minimum level of knowledge and skills that candidates must acquiretobecome competent practitioners in the eld. The mark required to pass (or the prociency level which must be achieved) is set by what is known as the prociency workshop approach, also known asthe modied Angoff approach to determining pass marks. For each CPA Program professional level segment, a panel of members with experience in the eld is appointed. The panel members meet to review the segment materials and identify the specic knowledge and skills that a CPA would require in the workplace. The panel works through each question on the exam paper and compares these with the knowledge and skills required. The panel members then individually rate each question, which involves estimating the level ofdifculty for a competent candidate. This approach provides rating information for each question on each paper, thus enabling apass mark (prociency level) to be established that is based on specic competencies. This is a very intensive process. Panel members must be familiar with the CPA Program professional level materials and have a comprehensive understanding of the skills required by a CPA. The panel members must also be prepared to attend a number ofhalfday workshops. To ensure that pass marks are comparable between semesters, group performance between semesters is statistically equated. This involves a comparison of candidate performance on common questions (i.e. those questions which appear on exam papers in sequential semesters) and candidate performance on unique questions (i.e. those questions that are specic to a particular exam paper).
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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.
Fail results and queries

All candidates who sit an exam will have online access to a detailed Personal Analysis Letter (PAL). The exams are designed to test your understanding of the materials, and the PAL reviews your exam results by module. This may assist you in knowing where to focus your studies if you attempt any segment again. Information on how to access the PAL is included in the letter advising you how to access your exam results. Please keep this letter after accessing your exam result so that you can access your PAL. If you have failed an exam and have specic questions about the information in your PAL, please contact your divisional ofce or email your questions to: mais.advisory@cpaaustralia.com.au. The email request must include: your full name member ID contact details segment name, semester and year a clear list of queries. Please note that all results are nal and requests for re-marks will not be accepted. Asnoted in the Marking process section, it is CPAAustralias policy not to re-mark exams orprovide access to the exams.
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CPA Program professional level practical experience requirement
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.
Personal Career Technical Effectiveness Guidance Business Leadership System
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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.
Do you have six months or more professional work experience?
Do you work for a Recognised Employer Partner?
Are you currently employed in a relevant role?
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.
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CPA Program Guide professional level

CPA Australia 2013

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA Program professional level educationcomponent 4

Candidates admitted from 1 July 2007 onwards 10 10

CPA Program professional level practicalexperience requirement 31

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

For queries about:

Enrolment Cancellation of enrolment Exam deferral Special consideration

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Semester 1 10 December 2012 15 January 2013

Semester 2 17 June 2013 9 July 2013

21 June 2013 22 June 2013 Available all year

13 December 2013 14 December 2013 Available all year

(accessible until 30 August 2013) (accessible until 21 February 2014)

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA Program professional level educationcomponent

Distance learning and independent study

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Content and materials

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Additional learning resources

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA Australias website and library

Workshops and webinars

Registered tuition providers

Learning support products

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Current CPA Program structure from Semester 2 2009

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Deadline to complete the CPA Program and advance to CPAstatus

Candidates admitted from 1 January 2004 up to and including 30June2007

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA Australia scholarships

Changing enrolment to an alternative segment

Cancellation of segment enrolment

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Refund of enrolment fee upon cancellation of segment enrolment

Cancellation of workshop and webinar registration upon cancellation of enrolment

Delivery of segment study materials

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Study material in accessible formats

Missing or damaged components

Withdrawal from CPA Program professional level

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Location Code Bangladesh Dhaka DAKO Brunei BRUO

Location Code Netherlands Amsterdam AMSO

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Changing an exam location

Special exam arrangements

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

Conrmation of exam location (including venue), date and time

Past exam papers

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL

CPA PROGRAM GUIDEPROFESSIONAL LEVEL