CA Foundations Unit Guides 2024

Faculty of Business and Law
CAFF1 Accounting Systems and Processes
Deakin University Unit Guide
START-ANYTIME , 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
Your Unit Learning Outcomes ...................................................................................................................................... 2
- Summative assessment task 1 ................................................................................................................................... 3
Unit learning resources ................................................................................................................................................ 4
Essential learning resources ......................................................................................................................................... 4
Unit weekly activities ................................................................................................................................................... 4
27 November 2023
Deakin University, Faculty of Business and Law
CAFF1 Accounting Systems and Processes - START-ANYTIME, 2024
WELCOME
This introductory financial accounting unit covers basic accounting principles, manual double-entry recording, accounting
software use, and preparation of financial statements. Note that CAFE1 is the version for Exam Only.
About this unit
All unit content and assistance with any student queries is online through the Unit site, the online Discussion Forum, and
links and emails provided. On average students will spend approximately 50-80 hrs on learning and assessment activities in
this unit, depending on their levels of prior knowledge/experience in the topic areas.
Your Unit Learning Outcomes
These are the Learning Outcomes (LO) for this Unit

At the completion of this Unit, successful students can:
LO1 Explain the different business structures
LO2 Explain the following in relation to financial accounting: a) The role and purpose of accounting, accounting
processes and systems; b) The purpose of financial statements; c) The role and purpose of accounting standards;
d) The regulatory environment for financial reporting
LO3 Record transactions to illustrate the activities of different types of businesses, including sole trader, partnerships
and straightforward corporate/company accounts
LO4 Apply the accounting treatment to record basic business transactions and other events for different types of
business using the principles of double entry accounting
LO5 Use accounting software to record business transactions
LO6 Explain the accounting principles and concepts underlying accounting and financial reporting including the
principles of the Conceptual Framework of Accounting and generally accepted accounting principles.
Alignment of content and learning outcomes
Units in the CA Foundations program have been systematically designed around the CA ANZ Technical Competency Areas
(TCAs) which provide the approved set of learning outcomes for each unit in the program. As part of the program design
process, these learning outcomes have been constructively aligned with specific content in the program (topics) and the
current CA ANZ Professional Competency Areas (PCAs).
The following table explains how the learning topics covered in the unit align with learning outcomes (as defined by the CA
ANZ TCAs) and professional competencies (CA ANZ PCAs). Note not all TCAs align explicitly with one or more PCAs.
Unit Learning Outcomes (continued)
The following table provides how the learning topics covered in the unit align with learning outcomes (as defined by the CA
Topic Learning Outcomes – CAANZ Technical Competency Areas CAANZ Professional

Competency Areas
27 November 2023 Page 2 of 4

Topic 1: The [TCA1: LO1] Explain the different business structures [PCA04: LO5] Explain the role
Accounting [TCA1: LO2] Explain the following in relation to financial and importance of ethics in
environment accounting: a) The role and purpose of accounting, accounting relation to business and good
processes and systems; b) The purpose of financial statements; c) governance.
The role and purpose of accounting standards; d) The regulatory
environment for financial reporting.
Topic 2: Accounting [TCA1: LO6] Explain the accounting principles and concepts
principles and underlying accounting and financial reporting including the
elements principles of the Conceptual Framework of Accounting and
generally accepted accounting principles.
Topic 3: The [TCA1: LO3] Record transactions to illustrate the activities of
Accounting process different types of businesses, including sole trader, partnerships
and straightforward corporate/company accounts
[TCA1: LO4] Apply the accounting treatment to record basic
business transactions and other events for different types of
business using the principles of double entry accounting.
Topic 4: Business [TCA1: LO4] Apply the accounting treatment to record basic [PCA1: LO1] Evaluate data and
transactions in business transactions and other events for different types of information from a variety of
journals and ledgers business using the principles of double entry accounting sources and perspectives
through research, integration,
and analysis.
Topic 5: Accounting [TCA1: LO4] Apply the accounting treatment to record basic
for GST and PAYG business transactions and other events for different types of
business using the principles of double entry accounting
[TCA1: LO5] Use accounting software to record business
transactions.
Topic 6: Trial balances [TCA1: LO4] Apply the accounting treatment to record basic [PCA1: LO2] Apply critical
and balance day business transactions and other events for different types of thinking skills to identify and
adjustments business using the principles of double entry accounting solve problems, inform
judgments, make decisions,
reach well-reasoned
conclusions and make
recommendations where
applicable.
Topic 7 Preparation of [TCA1: LO 2] Explain the following in relation to financial
financial statements accounting: a) The role and purpose of accounting, accounting
processes and systems; b) The purpose of financial statements; c)
The role and purpose of accounting standards; d) The regulatory
environment for financial reporting
- Summative assessment task 1
Task Summative Assessment Task 1 (Individual)

Brief description of Online invigilated examination task to be completed individually.
assessment task
Exam contributes to 100% weighting to overall unit mark.
Short and extended answer questions.
Detail of student output
Examination preparation is built into the Unit content and Unit Chairs will offer an online
general revision session for interested students in the pre-exam preparation period.
Grading and weighting Exam contributes to 100% weighting to overall unit mark.
(% total mark for unit)

[TCA1:LO1] Explain the different business structures

[TCA1: LO2] Explain the following in relation to financial accounting: a) The role and purpose
of accounting, accounting processes and systems; b) The purpose of financial statements; c)
The role and purpose of accounting standards; d) The regulatory environment for financial
reporting
[TCA1: LO3] Record transactions to illustrate the activities of different types of businesses,
Linked Unit Learning
including sole trader, partnerships and straightforward corporate/company accounts
Outcome(s) assessed:
[TCA1: LO4] Apply the accounting treatment to record basic business transactions and other
events for different types of business using the principles of double entry accounting
[TCA1: L05] Use accounting software to record business transactions
[TCA1:LO6] Explain the accounting principles and concepts underlying accounting and financial
reporting including the principles of the Conceptual Framework of Accounting and generally
accepted accounting principles.
Indicative due week Students enrol and book to sit their examination within the calendar year.
Unit learning resources
Essential learning resources
The unit content is delivered through the CAFF1 Unit site. Students will need internet to access the unit resources.
Unit weekly activities
Topic outline
Topic 1: The accounting environment

Topic 2: Accounting principles and elements
Topic 3: The accounting recording process
Topic 4: Transactions in journals and ledgers
Topic 5: Accounting for GST and PAYG
Topic 6: Trial balances and balance day adjustments
Topic 7: Preparation of financial statements
CUSTOMER SERVICES
For Full Unit enrolees, the Unit site provides access to unit content, links to reference resources in the Deakin Library, access
to the online Discussion Forum which is monitored by the Unit Chair, other relevant links, and Unit Staff email address for
unit content queries.
Exam Only enrolees may use this Unit Guide and any prescribed or recommended materials to assist with their preparation
for the exam. An Exam Only student may contact [email protected] before the registration close
date of their allocated exam session if they are interested in ‘upgrading’ their enrolment to the Full Unit option to access unit
materials, academic support, etc. Any requests to upgrade after the exam session registration close date will require the
student to submit a new Full Unit online enrolment and payment.
For all enquiries about non-academic matters, enrolees should contact CA ANZ at
[email protected]

CAFF2 Financial Accounting and Reporting - Intermediate
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF2 Financial Accounting and Reporting - Intermediate - START-ANYTIME, 2024
WELCOME
The focus of CAFF2 is on understanding the regulatory and conceptual frameworks that underpin accounting for corporate
entities. Understanding these frameworks and accounting standards ensures that the logic behind existing accounting rules
and possible alternative approaches can be understood, leading to a deeper understanding of what accounting is trying to
achieve. Emphasis will be placed on particular accounting standards related to the accounting elements and specific issues
pertaining to group financial reports and statement of cash flows. Note that CAFE2 is the version for Exam Only.
About this unit
These are the Learning Outcomes (ULO) for this Unit

LO1 Apply International Financial Reporting Standards (IFRSs) or other relevant standards to transactions and other
events
LO2 Evaluate the appropriateness of accounting policies used to prepare financial statements and understand that
accounting involves the application of significant professional judgement
LO3 Prepare general purpose financial statements, including consolidated financial statements, in accordance with
IFRSs or other relevant national standards
LO4 Prepare, analyse and interpret financial statements and related disclosures
LO5 Interpret reports including financial and non-financial data and information such as sustainability reports,
integrated reports and extended external reporting
LO6 Discuss the theoretical principles underlying accounting practice (Accounting Theory).
LO7 Discuss current national and international developments in financial reporting and information.

Topic Learning Outcomes – CAANZ Technical Competency CAANZ Professional Competency Areas
Areas
Topic 1: Accounting [TCA2: LO1] Apply International Financial Reporting [PCA1: LO2] Apply critical thinking skills to
for assets Standards (IFRSs) or other relevant standards to identify and solve problems, inform
transactions and other events – refer to TCA2 schedule 1 judgments, make decisions, reach well-
for guidance on suggested content reasoned conclusions and make
recommendations where applicable.
Topic 2: Asset [PCA1: LO2] Apply critical thinking skills to
revaluation and [TCA2: LO1] Apply International Financial Reporting identify and solve problems, inform
impairment Standards (IFRSs) or other relevant standards to judgments, make decisions, reach well-
transactions and other events – refer to TCA2 schedule 1 reasoned conclusions and make
for guidance on suggested content recommendations where applicable.
[TCA2: LO2] Evaluate the appropriateness of accounting [PCA2: LO2] Communicate clearly and
policies used to prepare financial statements and concisely when presenting, discussing,
understand that accounting involves the application of and reporting knowledge and ideas in
significant professional judgement – refer to TCA2 formal and informal situations.
schedule 2 for guidance on suggested content [PCA4: LO5] Explain the role and
[TCA2: LO4] Prepare, analyze, and interpret financial importance of ethics in relation to
statements and related disclosures. business and good governance.
for inventory Standards (IFRSs) or other relevant standards to identify and solve problems, inform
transactions judgments, make decisions, reach well-
and other events – refer to TCA2 schedule 1 for guidance reasoned conclusions and make
on suggested content recommendations where applicable.
[TCA2: LO2] Evaluate the appropriateness of accounting [PCA2: LO2] Communicate clearly and
policies used to prepare financial statements and concisely when presenting, discussing,
understand that accounting involves the application of and reporting knowledge and ideas in
significant professional judgement – refer to TCA2 formal and informal situations.
schedule 2 for guidance on suggested content [PCA4: LO5] Explain the role and
importance of ethics in relation to
business and good governance.
for liabilities and Standards (IFRSs) or other relevant standards to identify and solve problems, inform
basic equity transactions and other events – refer to TCA2 schedule 1 judgments, make decisions, reach well-
[TCA2: LO2] Evaluate the appropriateness of accounting recommendations where applicable.
policies used to prepare financial statements and [PCA2: LO2] Communicate clearly and
understand that accounting involves the application of concisely when presenting, discussing,
significant professional judgement – refer to TCA2 and reporting knowledge and ideas in
schedule 2 for guidance on suggested content formal and informal situations.
[PCA4: LO5] Explain the role and
[TCA2: LO7] Discuss current national and importance of ethics in relation to
international developments in financial reporting and business and good governance.
information.
Topic 5: Revenue [TCA2: LO1] Apply International Financial Reporting [PCA1: LO2] Apply critical thinking skills to
recognition Standards (IFRSs) or other relevant standards to identify and solve problems, inform
schedule 2 for guidance on suggested content. formal and informal situations.
importance of ethics in relation to

Areas
Topic 6: Disclosure [TCA2: LO1] Apply International Financial Reporting [PCA1: LO2] Apply critical thinking skills to
Standards (IFRSs) or other relevant standards to identify and solve problems, inform
schedule 2 for guidance on suggested content formal and informal situations.
[TCA2: LO4] Prepare, analyze and interpret financial [PCA4: LO5] Explain the role and
statements and related disclosures. importance of ethics in relation to
for income taxes Standards (IFRSs) or other relevant standards to identify and solve problems, inform
[TCA2: LO4] Prepare, analyze and interpret financial recommendations where applicable.
statements and related disclosures.
Topic 8: [TCA2: LO1] Apply International Financial Reporting [PCA1: LO2] Apply critical thinking skills to
Consolidations 1 - Standards (IFRSs) or other relevant standards to identify and solve problems, inform
Accounting for transactions and other events – refer to TCA2 schedule 1 judgments, make decisions, reach well-
group structure for guidance on suggested content reasoned conclusions and make
[TCA2: LO3] Prepare general purpose financial recommendations where applicable.
statements, including consolidated financial statements,
in accordance with IFRSs or other relevant national
standards – refer to TCA2 schedule 3 for guidance on
suggested content
[TCA2: LO4] Prepare, analyze and interpret financial
Topic 9: [TCA2: LO1] Apply International Financial Reporting [PCA1: LO2] Apply critical thinking skills to
Consolidations 2 – Standards (IFRSs) or other relevant standards to identify and solve problems, inform
Accounting for transactions and other events – refer to TCA2 schedule 1 judgments, make decisions, reach well-
intra-group for guidance on suggested content reasoned conclusions and make
transactions [TCA2: LO3] Prepare general purpose financial recommendations where applicable.
statements, including consolidated financial statements,
in accordance with IFRSs or other relevant national
standards – refer to TCA2 schedule 3 for guidance on
suggested content
[TCA2: LO4] Prepare, analyze, and interpret financial
Topic 10: The [TCA2: LO1] Apply International Financial Reporting [PCA1: LO2] Apply critical thinking skills to
statement of cash Standards (IFRSs) or other relevant standards to identify and solve problems, inform
flows transactions and other events – refer to TCA2 schedule 1 judgments, make decisions, reach well-
[TCA2: LO3] Prepare general purpose financial recommendations where applicable.
statements, including consolidated financial statements, [PCA4: LO5] Explain the role and
in accordance with IFRSs or other relevant national importance of ethics in relation to
standards – refer to TCA2 schedule 3 for guidance business and good governance.
on suggested content
[TCA2: LO4] Prepare, analyze, and interpret financial

Areas
Topic 11: [TCA2: LO3] Prepare general purpose financial [PCA1: LO1] Evaluate data and
Regulatory statements, including consolidated financial statements, information from a variety of sources and
background for in accordance with IFRSs or other relevant national perspectives through research,
financial reporting standards – refer to TCA2 schedule 3 for guidance integration, and analysis
[PCA1: LO2] Apply critical thinking skills to
identify and solve problems, inform
judgments, make decisions, reach well-
reasoned conclusions and make
recommendations where applicable
Summative Assessment Task 1 (Individual)

assessment task

[TCA2: LO1] Apply International Financial Reporting Standards (IFRSs) or other relevant
standards to transactions and other events – refer to TCA2 schedule 1 for guidance on
suggested content
[TCA2: LO2] Evaluate the appropriateness of accounting policies used to prepare financial
statements and understand that accounting involves the application of significant
professional judgement – refer to TCA2 schedule 2 for guidance on suggested content
[TCA2: LO3] Prepare general purpose financial statements, including consolidated financial
statements, in accordance with IFRSs or other relevant national standards – refer to TCA2
Linked Unit Learning schedule 3 for guidance on suggested content
[TCA2: LO4] Prepare, analyse and interpret financial statements and related disclosures
[TCA2: LO5] Interpret reports including financial and non-financial data and information such
as sustainability reports, integrated reports and extended external reporting
[TCA2: LO6] Discuss the theoretical principles underlying accounting practice (Accounting
Theory)
[TCA2: LO7] Discuss current national and international developments in financial reporting
and information.

The unit content is delivered through the CAFF2 Unit site.

Students will need internet to access the unit resources.
The below is the prescribed textbook for this Unit:
Deegan, C, 2020, Australian Financial Accounting, 9th edition, McGraw Hill, Sydney
Topic outline
Topic 1: Accounting for assets

Topic 2: Asset revaluation and impairment
Topic 3: Accounting for inventory
Topic 4: Accounting for liabilities and basic equity
Topic 5: Revenue recognition
Topic 6: Disclosure
Topic 7: Accounting for income taxes
Topic 8: Consolidations 1 - Accounting for group structure
Topic 9: Consolidations 2 – Accounting for intra-group transactions
Topic 10: Statement of cash flows
Topic 11: Regulatory background for financial reporting
CUSTOMER SERVICES
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CAFF2A Financial Accounting and Reporting - Advanced
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF2A Financial Accounting and Reporting - Advanced - START-ANYTIME, 2024
WELCOME
The unit deals with some of the more complex financial accounting areas, including accounting for intangible assets,
accounting for leases, accounting for employee benefits, accounting for financial instruments, foreign currency issues, and
earnings per share. In addition to the more technical areas of accounting, accounting theory and accounting for corporate
social responsibility are introduced. Note that CAFE2A is the version for Exam Only.
About this unit

LO1 Apply International Financial Reporting Standards (IFRSs) or other relevant standards to transactions and other
events
LO2 Evaluate the appropriateness of accounting policies used to prepare financial statements and understand that
accounting involves the application of significant professional judgement
LO3 Prepare general purpose financial statements, including consolidated financial statements, in accordance with
IFRSs or other relevant national standards
LO4 Prepare, analyse and interpret financial statements and related disclosures
LO5 Interpret reports including financial and non-financial data and information such as sustainability reports,
integrated reports and extended external reporting
LO6 Discuss the theoretical principles underlying accounting practice (Accounting Theory).
LO7 Discuss current national and international developments in financial reporting and information.



Topic Learning Outcomes – CAANZ Technical CAANZ Professional Competency Areas

Competency Areas
Topic 1: Theories of [TCA2: LO6] Discuss the theoretical principles [PCA1: LO2] Apply critical thinking skills to
financial accounting underlying accounting practice (Accounting identify and solve problems, inform judgments,
Theory). make decisions, reach well-reasoned
conclusions and make recommendations where
applicable.
[PCA04: LO5] Explain the role and importance

of ethics in relation to business and good
governance.
Topic 2: Accounting [TCA2: LO1] Apply International Financial [PCA1: LO2] Apply critical thinking skills to
for intangible assets Reporting Standards (IFRSs) or other relevant identify and solve problems, inform judgments,
standards to transactions and other events – refer make decisions, reach well-reasoned
to TCA2 schedule 1 for guidance on suggested conclusions and make recommendations where
content applicable.
[TCA2: LO2] Evaluate the appropriateness of [PCA2: LO2] Communicate clearly and concisely
accounting policies used to prepare financial when presenting, discussing, and reporting
statements and understand that accounting knowledge and ideas in formal and informal
involves the application of significant professional situations.
judgement – refer to TCA2 schedule 2 for guidance
on suggested content.
for leases Reporting Standards (IFRSs) or other relevant identify and solve problems, inform judgments,
standards to transactions make decisions, reach well-reasoned
and other events – refer to TCA2 schedule 1 for conclusions and make recommendations where
guidance on suggested content applicable.
for employee Reporting Standards (IFRSs) or other relevant identify and solve problems, inform judgments,
benefits standards to transactions and other events – refer make decisions, reach well-reasoned
to TCA2 schedule 1 for guidance on suggested conclusions and make recommendations where
content applicable.
on suggested content.


Competency Areas
for financial Reporting Standards (IFRSs) or other identify and solve problems, inform judgments,
instruments relevant standards to transactions and other make decisions, reach well-reasoned
events – refer to TCA2 schedule 1 for guidance on conclusions and make recommendations where
suggested content applicable
[TCA2: LO3] Prepare general purpose financial [PCA2: LO2] Communicate clearly and concisely
statements, including consolidated financial when presenting, discussing, and reporting
statements, in accordance with IFRSs or other knowledge and ideas in formal and informal
relevant national standards – refer to TCA2 situations.
schedule 3 for guidance on suggested content
[TCA2: LO4] Prepare, analyze and interpret

financial statements and related disclosures.
for foreign currency Reporting Standards (IFRSs) or other relevant identify and solve problems, inform judgments,
transactions standards to transactions make decisions, reach well-reasoned
and other events – refer to TCA2 schedule 1 for conclusions and make recommendations where
guidance on suggested content. applicable
[PCA2: LO2] Communicate clearly and concisely

when presenting, discussing, and reporting
knowledge and ideas in formal and informal
situations.
Topic 7: Translating [TCA2: LO1] Apply International Financial [PCA1: LO2] Apply critical thinking skills to
the financial Reporting Standards (IFRSs) or other relevant identify and solve problems, inform judgments,
statements of standards to transactions and other events – refer make decisions, reach well-reasoned
foreign operations to TCA2 schedule 1 for guidance on suggested conclusions and make recommendations where
content. applicable.
[PCA2: LO2] Communicate clearly and concisely

situations.
Topic 8: Earnings per [TCA2: LO4] Prepare, analyse and interpret [PCA1: LO2] Apply critical thinking skills to
Share financial statements and related disclosures identify and solve problems, inform judgments,
make decisions, reach well-reasoned
[TCA2: LO5] Interpret reports including financial conclusions and make recommendations where
and non-financial data and information such as applicable.
sustainability reports, integrated reports and
extended external reporting [PCA2: LO2] Communicate clearly and concisely
situations.


Competency Areas
Topic 9: Accounting [TCA2: LO3] Prepare general purpose financial [PCA04: LO5] Explain the role and importance
for corporate social statements, including consolidated financial of ethics in relation to business and good
responsibility and statements, in accordance with IFRSs or other governance.
integrated reporting, relevant national standards – refer to TCA2
and other emerging schedule 3 for guidance on suggested content
accounting issues
[TCA2: LO5] Interpret reports including financial
and non-financial data and information such as
sustainability reports, integrated reports and
extended external reporting
[TCA2: LO7] Discuss current national and

international developments in financial reporting
and information

assessment task

Examination preparation is built into the Unit site content and Unit Chairs will offer an online
[TCA2: LO1] Apply International Financial Reporting Standards (IFRSs) or other relevant
standards to transactions and other events – refer to TCA2 schedule 1 for guidance on
suggested content
[TCA2: LO2] Evaluate the appropriateness of accounting policies used to prepare financial
statements and understand that accounting involves the application of significant professional
judgement – refer to TCA2 schedule 2 for guidance on suggested content
[TCA2: LO3] Prepare general purpose financial statements, including consolidated financial
statements, in accordance with IFRSs or other relevant national standards – refer to TCA2
Linked Unit Learning schedule 3 for guidance on suggested content
[TCA2: LO4] Prepare, analyse and interpret financial statements and related disclosures
[TCA2: LO5] Interpret reports including financial and non-financial data and information such
as sustainability reports, integrated reports and extended external reporting
[TCA2: LO6] Discuss the theoretical principles underlying accounting practice (Accounting
Theory).
[TCA2: LO7] Discuss current national and international developments in financial reporting and
information.

The unit content is delivered through the CAFF2A unit site.

Deegan, C, 2020, Australian Financial Accounting, 9th edition, McGraw Hill, Sydney
Topic outline
Topic 1: Theories of financial accounting

Topic 2: Accounting for intangible assets
Topic 3: Accounting for leases
Topic 4: Accounting for employee benefits
Topic 5: Accounting for financial instruments
Topic 6: Accounting for foreign currency transactions
Topic 7: Translating the financial statements of foreign operations
Topic 8: Earnings per share (EPS)
Topic 9: Accounting for corporate social responsibility and integrated reporting, and other emerging accounting issues
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CAFF3 Audit and Assurance
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
Recommended learning resources .............................................................................................................................. 4
27 November 2023
CAFF3 Audit and Assurance - START-ANYTIME, 2024
WELCOME
This unit aims to provide a thorough understanding of auditing concepts and professional standards required for the
professional Auditing practice. The unit provides a foundation for undertaking a financial statement audit. The unit examines
auditing and assurance services with a focus on the financial report audit, and the regulatory and legal environment is
discussed. Students learn about the planning, execution and reporting phases of the audit process. Note that CAFE3 is the
version for Exam Only.
About this unit

LO1 In relation to auditing explain;
1. a) The nature and purpose of auditing;
2. b) The legal and regulatory requirements relating to auditors, including auditor’s liability;
3. c) The professional requirements relating to auditors, including ethics and independence;
4. d) The role of auditing standards;
5. e) The objectives and phases involved in performing an audit of general-purpose financial statements.
LO2 Apply International Standards on Auditing or other relevant auditing standards, laws, and regulations applicable
to an audit of general-purpose financial statements
LO3 Assess the risks of material misstatement in the financial statements and consider the impact on the audit
strategy.
LO4 Apply quantitative methods that are used in audit engagements.
LO5 Identify relevant audit evidence, including contradictory evidence, to inform judgments, make decisions, and
reach well-reasoned conclusions.
LO6 Conclude whether sufficient and appropriate audit evidence has been obtained.

Topic Learning Outcomes – CAANZ Technical Competency CAANZ Professional Competency

Areas Areas
Topic 1: Assurance and [TCA3: LO1] In relation to auditing explain; a) The nature
auditing overview and purpose of auditing; b) The legal and regulatory
requirements relating to auditors, including auditor’s
liability; c) The professional requirements relating to
auditors, including ethics and independence; d) The role
of auditing standards; e) The objectives and phases
involved in performing an audit of general-purpose
financial statements.
[TCA3 LO2] Apply International Standards on Auditing or
other relevant auditing standards, laws, and regulations
applicable to an audit of general-purpose financial
statements.
Topic 2: Ethics, legal [TCA3 LO1] In relation to auditing explain; a) The nature [PCA4: LO3] Identify threats to
liability and client and purpose of auditing; b) The legal and regulatory compliance with the fundamental
acceptance requirements relating to auditors, including auditor’s principles of ethics.
liability; c) The professional requirements relating to [PCA4: LO5] Explain the role and
auditors, including ethics and independence; d) The role importance of ethics in relation to
of auditing standards; e) The objectives and phases business and good governance.
involved in performing an audit of general-purpose [PCA4: LO6] Explain the
financial statements. interrelationship of ethics and law,
including the relationship between
laws, regulations, and the public
interest.
Topic 3: Risk [TCA3 LO2] Apply International Standards on Auditing or
assessment I other relevant auditing standards, laws, and regulations
applicable to an audit of general-purpose financial
statements
[TCA3: LO3] Assess the risks of material misstatement in
the financial statements and consider the impact on the
audit strategy.
Topic 4: Risk [TCA3: LO3] Assess the risks of material misstatement in
assessment II the financial statements and consider the impact on the
audit strategy.
Topic 5: Audit [TCA3: LO5] Identify relevant audit evidence, including [PCA3: LO5] Identify the potential
evidence contradictory evidence, to inform judgments, make impact of personal and organizational
decisions, and reach well-reasoned conclusions. bias.
Topic 6: Gaining an TCA3: LO3] Assess the risks of material misstatement in
understanding of the the financial statements and consider the impact on the
client’s systems of audit strategy.
internal control
Topic 7: Execution of [TCA3: LO5] Identify relevant audit evidence, including [PCA1: LO2] Apply critical thinking
the audit – testing of contradictory evidence, to inform judgments, make skills to identify and solve problems,
control decisions, and reach well-reasoned conclusions inform judgments, make decisions,
[TCA3: LO6] Conclude whether sufficient and reach well-reasoned conclusions and
appropriate audit evidence has been obtained. make recommendations where
applicable.
Topic 8: Performing [TCA3: LO4] Apply quantitative methods that are used in [PCA1: LO2] Apply critical thinking
substantive procedure audit engagements. skills to identify and solve problems,
[TCA3: LO5] Identify relevant audit evidence, including inform judgments, make decisions,
contradictory evidence, to inform judgments, make reach well-reasoned conclusions and
decisions, and reach well-reasoned conclusions make recommendations where
[TCA3: LO6] Conclude whether sufficient and applicable.
appropriate audit evidence has been obtained.

Topic 9: Substantive [TCA3: LO4] Apply quantitative methods that are used in [PCA1: LO2] Apply critical thinking
testing on selected audit engagements. skills to identify and solve problems,
cycles [TCA3: LO5] Identify relevant audit evidence, including inform judgments, make decisions,
contradictory evidence, to inform judgments, reach well-reasoned conclusions and
makedecisions, and reach well-reasoned conclusions. make recommendations where
[TCA3: LO6] Conclude whether sufficient and applicable.
appropriate audit evidence has been obtained.
Topic 10: Completing [TCA3: LO6] Conclude whether sufficient and [PCA1: LO2] Apply critical thinking
and reporting on the appropriate audit evidence has been obtained. skills to identify and solve problems,
audit inform judgments, make decisions,
reach well-reasoned conclusions and
make recommendations where
applicable.

assessment task
[TCA3: LO1] In relation to auditing explain;
1. a) The nature and purpose of auditing;
2. b) The legal and regulatory requirements relating to auditors, including auditor’s liability;
3. c) The professional requirements relating to auditors, including ethics and independence;
4. d) The role of auditing standards;
5. e) The objectives and phases involved in performing an audit of general-purpose financial
statements.
Linked Unit Learning [TCA3: LO2] Apply International Standards on Auditing or other relevant auditing standards,
Outcome(s) assessed: laws, and regulations applicable to an audit of general-purpose financial statements
[TCA3: LO3] Assess the risks of material misstatement in the financial statements and
consider the impact on the audit strategy.
[TCA3: LO4] Apply quantitative methods that are used in audit engagements.
[TCA3: LO5] Identify relevant audit evidence, including contradictory evidence, to inform
judgments, make decisions, and reach well-reasoned conclusions.
[TCA3: LO6] Conclude whether sufficient and appropriate audit evidence has been
obtained.
The unit content is delivered through the CAFF3 unit site.

Recommended learning resources

The below is the recommended textbook for this Unit:
Moroney, R., Campbell, F., & Hamilton, J., Auditing: A Practical Approach (Wiley, 2021, 4th edn.)
Topic outline
Topic 1: Assurance and auditing – an overview

Topic 2: Ethics, legal liability and client acceptance
Topic 3: Risk Assessment I
Topic 4: Risk Assessment II
Topic 5: Audit evidence
Topic 6: Gaining an understanding of the client's systems of internal control
Topic 7: Execution of the audit – testing of controls
Topic 8: Performing substantive procedures
Topic 9: Substantive testing on selected cycles
Topic 10: Completing and reporting on the audit
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CAFF4AU Business Law in Australia
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF4AU Business Law in Australia - START-ANYTIME, 2024
WELCOME
This unit gives students an advanced and comprehensive understanding of business law in Australia. The content covers
discusses relevant legal matters, including contract law, tort law, the law of agency, business structures in Australia and
consumer protection. Note that CAFE4AU is the version for Exam Only.
About this unit
The following table lists the learning outcomes associated with this unit. Learning outcomes are based on the CA ANZ
Technical Competency Areas (TCAs).
LO1 Explain the national legal system and identify the sources of law
LO2 Explain the laws and regulations applicable to the environment in which professional accountants operate
LO3 Explain the laws and regulations that govern the different forms of legal entities, including the significance of the
concept of separate legal entity
LO4 Explain the key features and purpose of contract law
LO5 Apply data protection and privacy regulations when collecting, generating, storing, accessing, using or sharing
data and information

Competency Areas
Topic 1: The Australian [TCA04: LO1] Explain the national legal
legal system system and identify the sources of law
[TCA04: LO2] Explain the laws and

regulations applicable to the environment in
which professional accountants operate.

Topic 2: Contract Law [TCA04: LO4] Explain the key features and [PCA1: LO2] Apply critical thinking skills to identify
– Formation of purpose of contract law. and solve problems, inform judgments, make
contract decisions, reach well-reasoned conclusions and
make recommendations where applicable.
Topic 3: Contract Law [TCA04: LO4] Explain the key features and [PCA4: LO6] Explain the interrelationship of ethics
– Terms of contract purpose of contract law. and law, including the relationship between laws,
regulations, and the public interest.
Topic 4: Contract Law [TCA04: LO4] Explain the key features and
– Enforcement of the purpose of contract law [PCA4: LO6] Explain the interrelationship of ethics
contract and law, including the relationship between laws,
Topic 5: Law of [TCA04: LO2] Explain the laws and [PCA4: LO6] Explain the interrelationship of ethics
negligence regulations applicable to the environment in and law, including the relationship between laws,
which professional accountants operate. regulations, and the public interest.
[TCA4 LO3] Explain the laws and regulations

that govern the different forms of legal
entities, including the significance of the
concept of separate legal entity.
Topic 6: Law of [TCA04: LO2] Explain the laws and
agency regulations applicable to the environment in [PCA1: LO2] Apply critical thinking skills to identify
which professional accountants operate. and solve problems, inform judgments, make
decisions, reach well-reasoned conclusions and
Topic 7: Corporations [TCA04: LO2] Explain the laws and [PCA4: LO5] Explain the role and importance of
Law – Business regulations applicable to the environment in ethics in relation to business and good governance.
organisation which professional accountants operate.

Topic 8: Corporations [TCA04: LO2] Explain the laws and [PCA4: LO2] Explain the advantages and
Law – Companies regulations applicable to the environment in disadvantages of rules-based and principles-based
which professional accountants operate. approaches to ethics.

Topic 9: Corporations [TCA04: LO2] Explain the laws and [PCA1: LO2] Apply critical thinking skills to identify
Law – Companies regulations applicable to the environment in and solve problems, inform judgments, make
which professional accountants operate. decisions, reach well-reasoned conclusions and

Topic 10: Dealing with [TCA04: LO2] Explain the laws and [PCA4: LO6] Explain the interrelationship of ethics
consumers regulations applicable to the environment in and law, including the relationship between laws,
[TCA04: LO5] Apply data protection and

privacy regulations when collecting,
generating, storing, accessing, using or
sharing data and information.

Brief description of assessment Online invigilated examination task to be completed individually.
task

[TCA4: LO1] Explain the national legal system and identify the sources of law
[TCA4: LO2] Explain the laws and regulations applicable to the environment in which
professional accountants operate
Linked Unit Learning [TCA4: LO3] Explain the laws and regulations that govern the different forms of legal
Outcome(s) assessed: entities, including the significance of the concept of separate legal entity
[TCA4: LO4] Explain the key features and purpose of contract law
[TCA4: LO5] Apply data protection and privacy regulations when collecting, generating,
storing, accessing, using or sharing data and information.
The unit content is delivered through the CAFF4AU Unit site.


Topic outline
Topic 1: The Australian legal system

Topic 2: Contract law: formation of contract
Topic 3: Terms of contract
Topic 4: Enforcement of the contract
Topic 5: Law of negligence
Topic 6: Law of agency
Topic 7: Corporations law: business organisations
Topic 8: Corporations law: companies
Topic 9: Corporations law: companies fundraising
Topic 10: Dealing with consumers
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CAFF4NZ Business Law in New Zealand
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF4NZ Business Law in New Zealand - START-ANYTIME, 2024
WELCOME
This unit provides students with a comprehensive understanding of the New Zealand legal system and the legal environment
in which businesses operate. The content covers relevant legal matters, including contract law, tort law, the law of agency,
business structures in New Zealand and consumer protection. Note that CAFE4NZ is the version for Exam Only.
About this unit

LO1 Explain the national legal system and identify the sources of law
LO2 Explain the laws and regulations applicable to the environment in which professional accountants operate
LO3 Explain the laws and regulations that govern the different forms of legal entities, including the significance of
the concept of separate legal entity
LO4 Explain the key features and purpose of contract law
LO5 Apply data protection and privacy regulations when collecting, generating, storing, accessing, using or sharing
data and information

Competency Areas
Topic 1: The New [TCA04: LO1] Explain the national legal
Zealand legal system system and identify the sources of law
[TCA04: LO2] Explain the laws and

regulations applicable to the environment in

Topic 2: Contract Law [TCA04: LO4] Explain the key features and [PCA01: LO2] Apply critical thinking skills to identify
– Formation of purpose of contract law and solve problems, inform judgments, make
contract decisions, reach well-reasoned conclusions and
Topic 3: Contract Law: [TCA04: LO4] Explain the key features and [PCA04: LO6] Explain the interrelationship of ethics
Terms of Contract purpose of contract law and law, including the relationship between laws,
Topic 4: Contract Law [TCA04: LO4] Explain the key features and [PCA04: LO6] Explain the interrelationship of ethics
– Enforcement of the purpose of contract law and law, including the relationship between laws,
contract regulations, and the public interest.
Topic 5: Law of [TCA04: LO2] Explain the laws and [PCA04: LO6] Explain the interrelationship of ethics
negligence regulations applicable to the environment in and law, including the relationship between laws,

Topic 6: Law of [TCA04: LO2] Explain the laws and [PCA01: LO2] Apply critical thinking skills to identify
agency regulations applicable to the environment in and solve problems, inform judgments, make
Topic 7: Corporates [TCA04: LO2] Explain the laws and [PCA04: LO5] Explain the role and importance of
Law – Business regulations applicable to the environment in ethics in relation to business and good governance.
organisation which professional accountants operate.
Topic 8: Corporations [TCA04: LO2] Explain the laws and [PCA04: LO2] Explain the advantages and
Law - Companies regulations applicable to the environment in disadvantages of rules-based and principles-based
which professional accountants operate. approaches to ethics.
Topic 9: Corporations [TCA04: LO2] Explain the laws and [PCA01: LO2] Apply critical thinking skills to identify
Law - Companies regulations applicable to the environment in and solve problems, inform judgments, make

Topic 10: Dealing with [PCA04: LO6] Explain the interrelationship of ethics
consumers [TCA04: LO2] Explain the laws and and law, including the relationship between laws,
regulations applicable to the environment in regulations, and the public interest.
[TCA04: LO5] Apply data protection and

privacy regulations when collecting,
generating, storing, accessing, using or
sharing data and information.

Brief description of assessment Online invigilated examination task to be completed individually.
task

Examination preparation is built into the Unit site content and Unit Chairs will offer an
online general revision session for interested students in the pre-exam preparation period.
[TCA4: LO1] Explain the national legal system and identify the sources of law
[TCA4: LO2] Explain the laws and regulations applicable to the environment in which
professional accountants operate
Linked Unit Learning [TCA4: LO3] Explain the laws and regulations that govern the different forms of legal
Outcome(s) assessed: entities, including the significance of the concept of separate legal entity
[TCA4: LO4] Explain the key features and purpose of contract law
[TCA4: LO5] Apply data protection and privacy regulations when collecting, generating,
storing, accessing, using or sharing data and information.
The unit content is delivered through the CAFF4NZ unit site.

Topic outline

Topic 1: The New Zealand legal system

Topic 2: Contract law: formation of contract
Topic 3: Contract law: terms of contract
Topic 4: Contract law: enforcement of the contract
Topic 5: Law of negligence
Topic 7: Corporations law: business organisations
Topic 8: Corporations law: companies
Topic 9: Corporations law: companies fundraising
Topic 10: Dealing with consumers
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CAFF5 Economics
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF5 Economics - START-ANYTIME, 2024
WELCOME
In this unit, students will explore a total of 10 topics. Topic 1 provides key concepts and definitions related to economics.
Topics 2 to 5 focus on microeconomics. Students will learn about demand, supply and market equilibrium, market failure and
government intervention and various forms of competition such as monopoly, monopolistic competition, perfect
competition and oligopoly. Topics 6 to 10 explore macroeconomics. Students will study economics measurement, the
aggregate demand-aggregate supply framework, fiscal policy and monetary policy, international trade and economic and
financial crisis, exchange rates and balance of payment accounts money and capital markets. All of these topics will be
facilitated with easy-to-understand examples and interactive slides, and students will also have an opportunity, within each
topic, to practice short answer as well as multiple-choice questions. The unit will equip students with the most up-to-date
knowledge in economics and provide useful tools and frameworks to make well informed decisions in their individual lives
and business activities. Note that CAFE5 is the version for Exam Only.
About this unit
All unit content and assistance with any student queries is online through Unit site, the online Discussion Forum, and links
and emails provided. On average students will spend approximately 50-80 hrs on learning and assessment activities in this
unit, depending on their levels of prior knowledge/experience in the topic areas.

LO1 Explain economic systems and the concept of resource allocation
LO2 Describe the fundamental principles of microeconomics and macroeconomics
LO3 Explain the role of individuals and businesses in different types of market structures, including perfect
competition, monopolistic competition, monopoly, and oligopoly
LO4 Describe the effect of changes in macroeconomic indicators on business activity
LO5 Recognise regulatory and political environments and how they impact on business



Competency Areas

Topic 1: Introduction to [TCA5 LO1] Explain economic systems [PCA01: LO2] Apply critical thinking skills to
economics and comparative and the concept of resource allocation. identify and solve problems, inform judgments,
advantage make decisions, reach well-reasoned conclusions
[TCA5 LO2] Describe the fundamental and make recommendations where applicable.
principles of microeconomics and
macroeconomics.
Topic 2: Markets, demand, [TCA5 LO2] Describe the fundamental [PCA01: LO1] Evaluate data and information
supply and elasticities principles of microeconomics and from a variety of sources and perspectives
macroeconomics. through research, integration, and analysis.
[TCA5 LO3] Explain the role of identify and solve problems, inform judgments,
individuals and businesses in different make decisions, reach well-reasoned conclusions
types of market structures, including and make recommendations where applicable.
perfect competition, monopolistic
competition, monopoly, and oligopoly. [PCA03: LO3] Anticipate challenges and plan
potential solutions.
Topic 3: Market failure and [TCA5 LO2] Describe the fundamental [PCA01: LO1] Evaluate data and information
government intervention principles of microeconomics and from a variety of sources and perspectives
[TCA5 LO3] Explain the role of [PCA01: LO2] Apply critical thinking skills to
individuals and businesses in different identify and solve problems, inform judgments,
types of market structures, including make decisions, reach well-reasoned conclusions
perfect competition, monopolistic and make recommendations where applicable.
competition, monopoly, and oligopoly.
[PCA03: LO3] Anticipate challenges and plan
Topic 4: Production cost, [TCA5 LO2] Describe the fundamental [PCA01: LO1] Evaluate data and information
competitive market, and principles of microeconomics and from a variety of sources and perspectives
monopoly macroeconomics. through research, integration, and analysis.
[PCA03: LO3] Anticipate challenges and plan
Topic 5: Monopolistic [TCA5 LO2] Describe the fundamental [PCA01: LO1] Evaluate data and information
competition and oligopoly principles of microeconomics and from a variety of sources and perspectives
market with strategic macroeconomics. through research, integration, and analysis.
interaction
Topic 6: Macroeconomics [TCA5 LO2] Describe the fundamental [PCA01: LO2] Apply critical thinking skills to
measurement - GDP, inflation principles of microeconomics and identify and solve problems, inform judgments,
and unemployment macroeconomics. make decisions, reach well-reasoned conclusions
and make recommendations where applicable.
[TCA5 LO4] Describe the effect of
changes in macroeconomic indicators
on business activity.

Topic 7: Aggregate demand- [TCA5 LO2] Describe the fundamental [PCA01: LO2] Apply critical thinking skills to
aggregate supply (AD-AS) principles of microeconomics and identify and solve problems, inform judgments,
model and fiscal and macroeconomics. make decisions, reach well-reasoned conclusions
monetary policies and make recommendations where applicable.
changes in macroeconomic indicators [PCA03: LO3] Anticipate challenges and plan
on business activity. potential solutions.
Topic 8: International trade [TCA5 LO4] Describe the effect of [PCA01: LO2] Apply critical thinking skills to
and economic and financial changes in macroeconomic indicators identify and solve problems, inform judgments,
crisis on business activity. make decisions, reach well-reasoned conclusions
and make recommendations where applicable.
[TCA5 LO5] Recognise regulatory and
political environments and how they [PCA03: LO3] Anticipate challenges and plan
impact on business. potential solutions.
Topic 9: Balance of accounts [TCA5 LO4] Describe the effect of [PCA01: LO1] Evaluate data and information
payments and exchange changes in macroeconomic indicators from a variety of sources and perspectives
rates on business activity. through research, integration, and analysis.
[TCA5 LO5] Recognise regulatory and

political environments and how they
impact on business.
Topic 10: The monetary and [TCA5 LO2] Describe the fundamental [PCA01: LO1] Evaluate data and information
financial markets principles of microeconomics and from a variety of sources and perspectives

changes in macroeconomic indicators
on business activity.

assessment task


[TCA5: LO1] Explain economic systems and the concept of resource allocation.
[TCA5: LO2] Describe the fundamental principles of microeconomics and macroeconomics
[TCA5: LO3] Explain the role of individuals and businesses in different types of market
Linked Unit Learning structures, including perfect competition, monopolistic competition, monopoly, and
Outcome(s) assessed: oligopoly
[TCA5: LO4] Describe the effect of changes in macroeconomic indicators on business

activity
[TCA5: LO5] Recognise regulatory and political environments and how they impact on
business.

The following is a suggested additional reference that you may find useful at times during the study of this unit:
Gans, J, King, S, Stonecash, R, Byford, M, Libich, J & Mankiw, G 2018 Principles of Economics, 7th edn, Cengage
Learning Australia, South Melbourne, Victoria.
Layton, A, Robinson, T & Tucker IB 2022 Economics for Today, 7th edn, Cengage Learning Australia, South Melbourne,
Victoria.
Topic outline
Topic 1: Introduction to economics and comparative advantage

Topic 2: Markets, demand, supply and elasticities
Topic 3: Market failure and government intervention
Topic 4: Production, cost, competitive market, and monopoly
Topic 5: Monopolistic competition and oligopoly market with strategic interaction
Topic 6: Macroeconomics measurement: GDP, inflation and unemployment
Topic 7: Aggregate demand-aggregate supply (AD-AS) model and fiscal and monetary policies
Topic 8: International trade and economic and financial crisis
Topic 9: Balance of accounts payments and exchange rates
Topic 10: The monetary and financial markets
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CAFF68 Finance and Quantitative Methods
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF68 Finance and Quantitative Methods - START-ANYTIME, 2024
WELCOME
The Finance, Financial Management and Quantitative Methods unit comprises two parts. Part A focuses on how business
organisations make financial decisions, and Part B covers how quantitative techniques can help us make finance and
business-related decisions. Specifically, Part A covers business investment, financing and dividend decisions, theories of the
capital market, share valuation, capital budgeting and risk management. Part A of this unit will help students learn about
financial concepts, available analytical tools, and various finance issues that provide the necessary foundation to understand
and solve many corporate finance problems. Part B is more technical and will cover basic statistics and probability concepts,
probability distributions, parameter estimation and hypotheses test, regression analysis, time series analysis, including trend
models and autoregressive models. Topics in Part B will help students understand the relationship between different
financial variables, financial asset returns, aggregate market movements, and/or different market performances. Note that
CAFE68 is the version for Exam Only.
About this unit
TCA 6 Finance and Financial Management

At the completion of this unit successful students can:
L01 Apply the mathematics of finance
L02 Describe the following in relation to finance:
a) The role of the finance and treasury function in an organisation
b) The financial environment in which an organisation operates
L03 Discuss how organisations are financed, comparing the various sources of financing available to an
organization, including bank financing, financial instruments, and bonds, equity and treasury markets
L04 Explain the theory of capital markets
L05 Discuss how organisations make investment and distribution decisions
L06 Explain basic financial risks and risk management concepts
TCA 8 Finance and Quantitative Methods

At the completion of this unit successful students can:
LO1 Explain the role of statistical analysis for decision making
LO2 Apply commonly used quantitative methods and techniques to collect and analyse financial and
nonfinancial data
LO3 Review statistical data including hypothesis testing
LO4 Interpret the results of data analysis



PART A – Finance and Financial Management

Competency Areas
Topic 1: The [TCA6: LO2a] [PCA01: LO2] Apply critical thinking skills to identify
financial manager The role of the finance and treasury and solve problems, inform judgments, make
and the company function in an organisation decisions, reach well-reasoned conclusions and make
[TCA6: LO2b] The financial environment in
which an organisation operates.
Topic 2: Financial [TCA6: LO1] [PCA01: LO2] Apply critical thinking skills to identify
Mathematics Apply the mathematics of finance. and solve problems, inform judgments, make
decisions, reach well-reasoned conclusions and make
Topic 3: Theory of [TCA6: LO4] [PCA01: LO1] Evaluate data and information from a
capital markets Explain theory of capital markets. variety of sources and perspectives through research,
integration, and analysis.
[PCA01: LO2] Apply critical thinking skills to identify

and solve problems, inform judgments, make
Topic 4: Capital [TCA6 LO5] Discuss how organisations make [PCA01: LO1] Evaluate data and information from a
budgeting investment and distribution decisions: variety of sources and perspectives through research,
Financial aspects of decision making - Apply integration, and analysis.
capital budgeting techniques in the
evaluation of capital investment decisions;
calculate and explain results of project [PCA01: LO2] Apply critical thinking skills to identify
evaluation decisions using IRR, NPV, and solve problems, inform judgments, make
payback (standard and discounted) and the decisions, reach well-reasoned conclusions and make
accounting rate of return (ARR) recommendations where applicable.
Dealing with uncertainty in decision-making
- Assessing investment decisions using
sensitivity analysis and applying
professional judgement.
Topic 5: Equity [TCA6: LO5] Discuss how organisations [PCA01: LO1] Evaluate data and information from a
valuation make investment and distribution decisions: variety of sources and perspectives through research,
Describe different equity valuation integration, and analysis.
methods.

Topic 6: Capital [TCA6 LO3] Discuss how organisations are [PCA01: LO1] Evaluate data and information from a
structure and cost of financed, comparing the various sources of variety of sources and perspectives through research,
capital financing available to an organisation, integration, and analysis.
including bank financing, financial
instruments, and bonds, equity and treasury [PCA01: LO2] Apply critical thinking skills to identify
markets: The characteristics of various and solve problems, inform judgments, make
sources of debt and equity finance decisions, reach well-reasoned conclusions and make
alternatives. recommendations where applicable.
Structure, advantages and disadvantages of
capital and debt markets.
The factors influencing the cost of capital.
The ability to calculate and discuss the
advantages and disadvantages of CAPM and
WACC.
Topic 7: Payout [TCA6 LO5]Discuss how organisations make [PCA01: LO1] Evaluate data and information from a
Policy investment and distribution decisions: variety of sources and perspectives through research,
Dividend policy – Dividend relevance integration, and analysis.
theory, dividend irrelevance theory and the
optimal dividend theory [PCA01: LO2] Apply critical thinking skills to identify
Topic 8: Risk [TCA6 LO6] [PCA01: LO1] Evaluate data and information from a
management variety of sources and perspectives through research,
Explain basic financial risks and risk integration, and analysis.
management concepts.

PART B: Quantitative Methods

Competency Areas
Topic 1: Statistics [TCA8 LO1] Explain the role of statistical [PCA1: LO1] Evaluate data and information from a
concepts analysis for decision making variety of sources and perspectives through research,
[TCA8 LO2] Apply commonly used
quantitative methods and techniques to
collect and analyse financial and
nonfinancial data.
Topic 2: Probability [TCA8 LO1] Explain the role of statistical [PCA1: LO1] Evaluate data and information from a
and probability analysis for decision making variety of sources and perspectives through research,
distributions integration, and analysis.

collect and analyse financial and
nonfinancial data
[TCA8 LO4] Interpret the results of data

analysis.

Topic 3: Estimation [TCA8 LO1] Explain the role of statistical [PCA1: LO1] Evaluate data and information from a
and hypothesis tests analysis for decision making variety of sources and perspectives through research,
collect and analyse financial and [PCA1: LO2] Apply critical thinking skills to identify and
nonfinancial data solve problems, inform judgments, make decisions,
reach well-reasoned conclusions and make
[TCA8 LO3] Review statistical data recommendations where applicable.
including hypothesis testing

analysis.
Topic 4: Correlation [TCA8 LO1] Explain the role of statistical [PCA1: LO1] Evaluate data and information from a
and regression analysis for decision making variety of sources and perspectives through research,
[TCA8 LO3] Review statistical data
including hypothesis testing [PCA2: LO2] Communicate clearly and concisely when
presenting, discussing, and reporting knowledge and
[TCA8 LO4] Interpret the results of data ideas in formal and informal situations.
analysis.
Topic 5: Multiple [TCA8 LO1] Explain the role of statistical [PCA1: LO1] Evaluate data and information from a
regression analysis for decision making variety of sources and perspectives through research,
approaches and integration, and analysis.
models [TCA8 LO2] Apply commonly used
quantitative methods and techniques to [PCA1: LO2] Apply critical thinking skills to identify and
collect and analyse financial and solve problems, inform judgments, make decisions,
nonfinancial data reach well-reasoned conclusions and make
[TCA8 LO3] Review statistical data


analysis.
Topic 6: Time series [TCA8 LO1] Explain the role of statistical [PCA1: LO1] Evaluate data and information from a
analysis analysis for decision making variety of sources and perspectives through research,
[TCA8 LO3] Review statistical data recommendations where applicable.
[PCA2: LO2] Communicate clearly and concisely when
[TCA8 LO4] Interpret the results of data presenting, discussing, and reporting knowledge and
analysis. ideas in formal and informal situations.


assessment task

TCA 6 Finance and Financial Management:
LO 1 - Apply the mathematics of finance

LO 2 - Describe the following in relation to finance:
1. The role of the finance and treasury function in an organisation
1. The financial environment in which an organisation operates
LO 3 - Discuss how organisations are financed, comparing the various sources of financing
available to an organization, including bank financing, financial instruments, and bonds,
equity and treasury markets
Linked Unit Learning LO 4 - Explain the theory of capital markets
Outcome(s) assessed: LO 5 - Discuss how organisations make investment and distribution decisions
LO 6 - Explain basic financial risks and risk management concepts
TCA 8 Quantitative Methods
LO 1 - Explain the role of statistical analysis for decision making

LO 2 - Apply commonly used quantitative methods and techniques to collect and analyse
financial and nonfinancial data
LO 3 - Review statistical data including hypothesis testing
LO 4 - Interpret the results of data analysis

The following is a range of suggested additional references that you may find useful at times during the study of this unit:
DeFusco, R A, et al, Quantitative Investment Analysis, (Wiley, 4th edn., 2020)

Ross et al., Fundamentals of Corp Finance (2021)
Topic outline

Part A
Topic 1: The financial manager and the company
Topic 2: Financial mathematics
Topic 3: Theory of capital markets
Topic 4: Capital budgeting
Topic 5: Equity valuation
Topic 6: Capital structure and cost of capital
Topic 7: Payout policy
Topic 8: Risk management
Part B
Topic 1: Statistics concepts
Topic 2: Probability and probability distributions
Topic 3: Estimation and hypothesis tests
Topic 4: Correlation and regression
Topic 5: Multiple regression approaches and models
Topic 6: Time series analysis
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CAFF7 Management Accounting
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF7 Management Accounting - START-ANYTIME, 2024
WELCOME
Management accounting is the area of accounting primarily concerned with generating financial and non-financial
information for use by managers in their decision-making roles within organisations. The information generated helps satisfy
managers' information needs for setting objectives, managing resources, and adding value to key stakeholders. In this unit,
students will learn different techniques and practices that will help them to identify, measure and manage
costs for planning and control purposes. Students will also learn how to construct a budget, different
budgeting techniques and their behavioural consequences. In the final part of the unit, students will explore financial
and non-financial performance measurement systems. Note that CAFE7 is the version for Exam Only.
About this unit

LO1 Explain the following in relation to organisations and management accounting:
1. a) The role and purpose of management accounting;
2. b) The role of strategy in business;
3. c) Ethical considerations in decision making
4. d) Types of organisational structures including concepts for authority delegation and control.
LO2 Prepare detailed budgets and forecasts for management purposes, demonstrating an understanding of the
budgeting process and its role in the management of organisations
LO3 Applying appropriate quantitative techniques, use costing information for business planning and control
LO4 Apply the principles and procedures involved in analysing and managing an organisation’s cash flow and
working capital requirements

Competency Areas

Topic 1: Introduction to [PCA1: LO2] Apply critical thinking skills to identify

Management Accounting [TCA7 LO1] Explain the following in and solve problems, inform judgments, make
relation to organisations and decisions, reach well-reasoned conclusions and
management accounting: a) The role and make recommendations where applicable.
purpose of management accounting; b)
The role of strategy in business.
[TCA7 LO3] Applying appropriate

quantitative techniques, use costing
information for business planning and
control
Topic 2: Cost behaviour [TCA7 LO3] Applying appropriate [PCA1: LO2] Apply critical thinking skills to identify
quantitative techniques, use costing and solve problems, inform judgments, make
information for business planning and decisions, reach well-reasoned conclusions and
control. make recommendations where applicable.
Topic 3: Job costing and [TCA7 LO3] Applying appropriate [PCA1: LO2] Apply critical thinking skills to identify
process costing quantitative techniques, use costing and solve problems, inform judgments, make
Topic 4: Variable cost and [TCA7 LO3] Applying appropriate [PCA1: LO2] Apply critical thinking skills to identify
absorption cost and Cost quantitative techniques, use costing and solve problems, inform judgments, make
Volume Profit (CVP) information for business planning and decisions, reach well-reasoned conclusions and
analysis control. make recommendations where applicable.
[TCA7 LO6] Analyse data and information

to prepare reports that support
management decision making.
Topic 5: Activity based [TCA7 LO3] Applying appropriate [PCA1: LO2] Apply critical thinking skills to identify
costing and management quantitative techniques, use costing and solve problems, inform judgments, make

Topic 6: Budgeting and [TCA7 LO2] Prepare detailed budgets and [PCA1: LO2] Apply critical thinking skills to identify
standard costing forecasts for management purposes, and solve problems, inform judgments, make
demonstrating an understanding of the decisions, reach well-reasoned conclusions and
budgeting process and its role in the make recommendations where applicable.
management of the organisations.
[TCA7 LO3] Applying appropriate

quantitative techniques, use costing
control.


Topic 7: Information for [TCA7 LO1] Explain the following in [PCA1: LO2] Apply critical thinking skills to identify
value creation-relevant relation to organisations and and solve problems, inform judgments, make
costs and benefits management accounting: c) Ethical decisions, reach well-reasoned conclusions and
considerations in decision making (please make recommendations where applicable.
refer to LO1 in the Learning Outcomes
table above).
[PCA3: LO6] Identify the implications of
[TCA7 LO3] Applying appropriate professional values, ethics and attitudes in
quantitative techniques, use costing decision making
control.
[TCA7 LO4] Apply the principles and

procedures involved in analysing and
managing an organisation’s cash flow and
working capital requirements.

Topic 8: Strategic [TCA7 LO1] Explain the following in [PCA1: LO1] Evaluate data and information from a
management accounting relation to organisations and variety of sources and perspectives through
and sustainability management accounting: b) The role of research, integration, and analysis.
strategy in business (please refer to LO1 in
the Learning Outcomes table above)
[TCA7 LO3] Applying appropriate decisions, reach well-reasoned conclusions and
quantitative techniques, use costing make recommendations where applicable.
control. [PCA4: LO4] Explain the role and importance of
ethics within the profession and in relation to the
[TCA7 LO5] Evaluate the performance of concept of social responsibility.
an organisation, its products, people and
business segments.

Topic 9: Managing [TCA7 LO3] Applying appropriate [PCA1: LO2] Apply critical thinking skills to identify
suppliers, customers, quantitative techniques, use costing and solve problems, inform judgments, make
inventory and quality information for business planning and decisions, reach well-reasoned conclusions and
[TCA7 LO5] Evaluate the performance of

business segments.


Topic 10: Control system [TCA7 LO1] Explain the following in [PCA1: LO2] Apply critical thinking skills to identify
and performance relation to organisations and and solve problems, inform judgments, make
measurement management accounting: d) Types of decisions, reach well-reasoned conclusions and
organisational structures including make recommendations where applicable.
concepts for authority delegation and
control (please refer to LO1 in the
Learning Outcomes table above).
[TCA7 LO5] Evaluate the performance of

business segments.


assessment task

[TCA7: LO1] Explain the following in relation to organisations and management accounting:
1. a) The role and purpose of management accounting;
2. b) The role of strategy in business;
3. c) Ethical considerations in decision making
4. d) Types of organisational structures including concepts for authority delegation and
control.
[TCA7: LO2] Prepare detailed budgets and forecasts for management purposes,
demonstrating an understanding of the budgeting process and its role in the management
of organisations
[TCA7: LO3] Applying appropriate quantitative techniques, use costing information for
business planning and control
[TCA7: LO4] Apply the principles and procedures involved in analysing and managing an
organisation’s cash flow and working capital requirements


Langfield-Smith, Smith, Andon, Hilton, Thorne, Management Accounting. Information for Creating and Managing
Value (McGraw-Hill, 9th edn., 2022)
Topic outline
Topic 1: Introduction to Management Accounting

Topic 2: Cost behaviour
Topic 3: Job costing and process costing
Topic 4: Variable costing, absorption costing and cost-volume profit analysis
Topic 5: Activity-based costing and management
Topic 6: Budgeting and standard costing
Topic 7: Information for decisions – relevant costs and benefits
Topic 8: Strategy, strategic decision and sustainability
Topic 9: Managing suppliers, customers, inventory and quality
Topic 10: Control systems and performance measurement
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CAFF9AU Taxation in Australia
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF9AU Taxation in Australia - START-ANYTIME, 2024
WELCOME
Tax is a concept that impacts almost everyone in Australia. Both residents of Australia and foreign residents have to
determine what needs to be included in their income, what deductions they can claim, and all of this leads to how much tax
they need to pay each year. In this subject, we will explore the key concepts regarding tax here in Australia - including the
specific requirements and forms of income, how the capital gains tax system works, and what deductions taxpayers may be
eligible to claim. At the end of this unit, students will have a strong understanding of the critical steps and issues and apply
them to different scenarios. Note that CAFE9AU is the version for Exam Only.
About this unit

LO1 Identify the sources of taxation law and the framework in which taxation is administered
LO2 Identify various types of taxation including income tax, consumption taxes, goods and services tax, taxes on
capital and fringe benefit/benefits tax
LO3 Apply the fundamentals of calculating the taxable income and tax payable for individuals and business entities
LO4 Analyse the taxation issues associated with straight forward international transactions

Competency Areas
Topic 1: Introduction [TCA 9: LO1] Identify the sources of taxation law
and basic principles and the framework in which taxation is
administered.
[TCA 9: LO3] Identify and apply the fundamentals

of calculating the taxable income and tax payable
for individuals and business entities.

Topic 2: Assessable [TCA 9: LO3] Identify and apply the fundamentals [PCA1: LO2] Apply critical thinking skills to
income of calculating the taxable income and tax payable identify and solve problems, inform
for individuals and business entities. judgments, make decisions, reach well-
Topic 3: Capital gains [TCA 9: LO2] Identify various types of taxation [PCA1: LO2] Apply critical thinking skills to
tax including income tax, consumption taxes, taxes on identify and solve problems, inform
capital, goods and services tax and fringe benefits judgments, make decisions, reach well-
tax. reasoned conclusions and make
Topic 4: Deductions [TCA 9: LO3] Identify and apply the fundamentals [PCA1: LO2] Apply critical thinking skills to
of calculating the taxable income and tax payable identify and solve problems, inform
Topic 5: Trading stock [TCA 9: LO3] Identify and apply the fundamentals [PCA1: LO2] Apply critical thinking skills to
Topic 6: Taxation of [TCA 9: LO3] Identify and apply the fundamentals
business entities of calculating the taxable income and tax payable
Topic 7: Fringe Benefits [TCA 9: LO2] Identify various types of taxation
Tax and the Goods and including income tax, consumption taxes, taxes on
Services Tax capital, goods and services tax and fringe benefits
tax.

Topic 8: Tax [TCA 9: LO1] Identify the sources of taxation law
administration and the framework in which taxation is
administered.

[TCA9 LO4] Analyse the taxation issues associated

with straight forward international transactions.

assessment task


[TCA9: LO1] Identify the sources of taxation law and the framework in which taxation is
administered
[TCA9: LO2] Identify various types of taxation including income tax, consumption taxes,
goods and services tax, taxes on capital and fringe benefit/benefits tax
[TCA9: LO3] Apply the fundamentals of calculating the taxable income and tax payable for
individuals and business entities
[TCA9: LO4] Analyse the taxation issues associated with straight forward international
transactions
The unit content is delivered through the CAFF9AU unit site.

Principles of Taxation Law 2024 (Thomson Reuters Australia)
Fundamental Tax Legislation 2024 (Thomson Reuters Australia)
Topic outline
Topic 1: Introduction and basic principles

Topic 2: Assessable income
Topic 3: Capital gains tax
Topic 4: Deductions
Topic 5: Trading stock
Topic 6: Taxation of business entities
Topic 7: Fringe benefits tax and the goods & services tax
Topic 8: Tax administration

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CAFF9NZ Taxation in New Zealand
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF9NZ Taxation in New Zealand - START-ANYTIME, 2024
WELCOME
Tax is a concept that impacts almost everyone in New Zealand. Whether you are a resident or a foreign resident, run a
business, are employed, or have property here in New Zealand, it is important to understand our tax obligations. The tax
base in New Zealand comprises many different taxes. Some are direct, such as income tax. Some are indirect, such as goods
and services tax. When we consider a particular type of tax, we will need to drill down to more specific issues, such as what
types of receipts we need to report as income? What expenses can we claim to reduce our tax? If we win the lottery, do we
need to pay tax on those winnings? If we find $1000 in a briefcase at the train station, do we need to pay tax on it? These are
the types of questions that we'll explore in this unit. We'll explore the key concepts, essential tax calculations, and at the end
of this unit, students will be much more informed on how to approach tax obligations. Note that CAFE9NZ is the version for
Exam Only.
About this unit

LO1 Identify the sources of taxation law and the framework in which taxation is administered
LO2 Identify various types of taxation including income tax, consumption taxes, goods and services tax, taxes on capital
and fringe benefit/benefits tax
LO3 Apply the fundamentals of calculating the taxable income and tax payable for individuals and business entities
LO4 Analyse the taxation issues associated with straight forward international transactions

Competency Areas

Topic 1: Introduction [TCA 9: LO1] Identify the sources of taxation law

and basic principles and the framework in which taxation is
administered.
[TCA9: LO2] Identify various types of taxation

including income tax, consumption taxes, goods
and services tax, taxes on capital and fringe
benefits tax.
[TCA 9: LO3] identify and apply the fundamentals

Topic 2: Assessable [TCA 9: LO3] Identify and apply the fundamentals [PCA1: LO2] Apply critical thinking skills to
income of calculating the taxable income and tax payable identify and solve problems, inform
Topic 3: Personal [TCA 9: LO2] Identify various types of taxation [PCA1: LO2] Apply critical thinking skills to
property and land including income tax, consumption taxes, taxes on identify and solve problems, inform
transactions capital, goods and services tax and fringe benefits judgments, make decisions, reach well-
tax reasoned conclusions and make
Topic 4: Deductions [TCA 9: LO3] Identify and apply the fundamentals [PCA1: LO2] Apply critical thinking skills to
Topic 5: Trading stock [TCA 9: LO3] Identify and apply the fundamentals [PCA1: LO2] Apply critical thinking skills to
Topic 6: Taxation of [TCA 9: LO3] Identify and apply the fundamentals
business entities of calculating the taxable income and tax payable
Topic 7: Fringe Benefits [TCA 9: LO2] Identify various types of taxation
Tax and the Goods and including income tax, consumption taxes, taxes on
Services Tax capital, goods and services tax and fringe benefits
tax.

Topic 8: Tax [TCA 9: LO1] Identify the sources of taxation law
administration and tax and the framework in which taxation is
avoidance administered.

[TCA9 LO4] Analyse the taxation issues associated

with straight forward international transactions.


assessment task

[TCA9: LO1] Identify the sources of taxation law and the framework in which taxation is
administered
[TCA9: LO2] Identify various types of taxation including income tax, consumption taxes,
goods and services tax, taxes on capital and fringe benefit/benefits tax
[TCA9: LO3] Apply the fundamentals of calculating the taxable income and tax payable for
individuals and business entities
[TCA9: LO4] Analyse the taxation issues associated with straight forward international
transactions
The unit content is delivered through the CAFF9NZ Unit site.

New Zealand Taxation 2024: Principles, Cases and Questions, Thomson Reuters NZ
New Zealand Taxation 2024: Legislation Handbook, Thomson Reuters NZ

Topic outline
Topic 1: Introduction to tax and basic principles

Topic 2: Assessable income
Topic 3: Personal property and land transactions
Topic 4: Deductions
Topic 5: Trading stock
Topic 6: Taxation of business entities
Topic 7: Fringe benefits tax and the goods & services tax
Topic 8: Tax administration
Topic 9: Tax avoidance
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CAFF10 Information and Communication Technology
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF10 Information and Communication Technology - START-ANYTIME, 2024
WELCOME
The Information and Communications Technology (ICT) unit introduces students to key uses of ICT and its relation to
accounting practice and organisational business activities in general. Students will enhance their understanding of the effect
of documentation techniques and data analytics on organisational activities. The ICT unit develops a greater awareness of
privacy and security related threats to accounting information systems and the use of controls to overcome the risks
associated with such threats. The unit familiarises students with issues around data collection, storage, and communication
while exploring emerging technologies such as big data, blockchain technologies, XBRL, robotic process automation, and their
impact on accounting practice. An important takeaway for students from this unit is the understanding that information
technology is becoming increasingly ubiquitous in accounting practice. Note that CAFE10 is the version for Exam Only.
About this unit

LO1 Explain the impact of Information and Communication Technology on an organisation’s enviroment and business
model, and how it supports data analysis and decision making
LO2 Explain how ICT supports the identification, reporting, and management of risk in an organization and how it can
enhance the efficiency and effectiveness of an organization’s systems and processes
LO3 Explain how ICT is used to analyse data and information
LO4 Explain how ICT is used to enhance the efficiency and effectiveness of communication
LO5 Analyse the adequacy of ICT processes and controls and identify the improvements that could be made to them

Competency Areas

Topic 1: Introduction to [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
ICT and AIS and Communication Technology on an from a variety of sources and perspectives
organization's environment and business model, through research, integration, and analysis.
and how it supports data analysis and decision
making.
[TCA10: LO2] Explain how ICT supports the

identification, reporting, and management of risk
in an organization and how it can enhance the
efficiency and effectiveness of an organization’s
systems and processes.
[TCA10: LO5] Identify the adequacy of ICT

processes and controls, and the improvements
that could be made to them.
Topic 2: ICT, data [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
analysis and decision and Communication Technology on an from a variety of sources and perspectives
making organization's environment and business model, through research, integration, and analysis.
making.
[TCA10: LO2] Explain how ICT supports the

identification, reporting, and management of risk
[TCA10: LO3] Explain how ICT is used to analyse

data and information.
Topic 3: Information [TCA10: LO2] Explain how ICT supports the [PCA1: LO1] Evaluate data and information
systems identification, reporting, and management of risk from a variety of sources and perspectives
in an organization and how it can enhance the through research, integration, and analysis.
systems and processes. [PCA1: LO2] Apply critical thinking skills to
[TCA10: LO3] Explain how ICT is used to analyse judgments, make decisions, reach well-
data and information. reasoned conclusions and make
Topic 4: Computer [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
fraud and cyber and Communication Technology on an from a variety of sources and perspectives
attacks organization's environment and business model, through research, integration, and analysis.
making. [PCA1: LO2] Apply critical thinking skills to
[TCA10: LO2] Explain how ICT supports the judgments, make decisions, reach well-
identification, reporting, and management of risk reasoned conclusions and make
in an organization and how it can enhance the recommendations where applicable.


Topic 5: Data and [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
Information and Communication Technology on an from a variety of sources and perspectives
management organization's environment and business model, through research, integration, and analysis.
[TCA10: LO3] Explain how ICT is used to analyse judgments, make decisions, reach well-
data and information. reasoned conclusions and make
[TCA10: LO4] Explain how ICT is used to enhance
the efficiency and effectiveness of
communication.
Topic 6: [TCA10: LO1] Explain the impact of Information
Communicating useful and Communication Technology on an [PCA1: LO1] Evaluate data and information
information organization's environment and business model, from a variety of sources and perspectives
and how it supports data analysis and decision through research, integration, and analysis.
making.
[TCA10: LO2] Explain how ICT supports the identify and solve problems, inform
identification, reporting, and management of risk judgments, make decisions, reach well-
in an organization and how it can enhance the reasoned conclusions and make
efficiency and effectiveness of an organization’s recommendations where applicable.
[TCA10: LO4] Explain how ICT is used to enhance

the efficiency and effectiveness of
communication.
Topic 7: Responsible [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
custodian of data and Communication Technology on an from a variety of sources and perspectives
making. [PCA2: LO2] Communicate clearly and
concisely when presenting, discussing, and
[TCA10: LO2] Explain how ICT supports the reporting knowledge and ideas in formal and
identification, reporting, and management of risk informal situations.

Topic 8: Emerging [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
technologies and Communication Technology on an from a variety of sources and perspectives
systems and processes. [PCA2: LO2] Communicate clearly and
concisely when presenting, discussing, and
[TCA10: LO5] Identify the adequacy of ICT reporting knowledge and ideas in formal and
processes and controls, and the improvements informal situations.

Topic 9: Auditing [TCA10: LO1] Explain the impact of Information [PCA1: LO1] Evaluate data and information
computer-based and Communication Technology on an from a variety of sources and perspectives
information systems organization's environment and business model, through research, integration, and analysis.
systems and processes. [PCA3: LO3] Anticipate challenges and plan
[TCA10: LO3] Explain how ICT is used to analyse
data and information.
Topic 10: Ethical, legal [TCA10: LO1] Explain the impact of Information [PCA4: LO5] Explain the role and importance
and moral constraints and Communication Technology on an of ethics in relation to business and good
on information organization's environment and business model, governance.
systems and how it supports data analysis and decision
making. [PCA4: LO6] Explain the interrelationship of
ethics and law, including the relationship
[TCA10: LO2] Explain how ICT supports the between laws, regulations, and the public
identification, reporting, and management of risk interest.

assessment task


[TCA10: LO1] Explain the impact of Information and Communication Technology on an

organisation’s environment and business model, and how it supports data analysis and
decision making
[TCA10: LO2] Explain how ICT supports the identification, reporting, and management of risk
in an organization and how it can enhance the efficiency and effectiveness of an
organization’s systems and processes
[TCA10: LO3] Explain how ICT is used to analyse data and information
[TCA10: LO4] Explain how ICT is used to enhance the efficiency and effectiveness of
communication
[TCA10: LO5] Analyse the adequacy of ICT processes and controls and identify the
improvements that could be made to them

Romney, Steinbart, Summers and Wood (2020). Accounting Information Systems. Pearson, 15th Edition.
Topic outline
Topic 1: Introduction to information and communication technology (ICT) and accounting information system (AIS)
Topic 2: Systems documentation techniques
Topic 3: Data management
Topic 4: Conceptual foundations of data analytics
Topic 5: Fraud, computer fraud and abuse techniques
Topic 6: Controls, AIS and information security
Topic 7: Confidentiality, integrity, and availability controls
Topic 8: AIS applications: revenue and expenditure cycles
Topic 9: AIS Applications: the production cycle and human resource management
Topic 10: Contemporary issues in accounting information systems (AIS)
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CAFF11 Business Acumen
START-ANYTIME, 2024
CONTENTS
WELCOME ............................................................................................................................................................................ 2
About this unit ............................................................................................................................................................. 2
27 November 2023
CAFF11 Business Acumen - START-ANYTIME, 2024
WELCOME
Business acumen covers the internal institutional and external local and global organisational environment within which a
business operates. Features covered include processes related to business strategy and management, the basic principles of
governance, risk management, organisational structure and culture. The intent is to equip students with knowledge of
organisational and environmental features of business that influence operations and performance. Note that CAFE11 is the
version for Exam Only.
About this unit

LO1 Explain the following in relation to the organisational environment in which a business operates:
1. a) The various ways in which organizations may be designed and structured;
2. b) The purpose and importance of different types of functional and operational areas within organis
3. c) The processes that may be used to develop and implement the strategy of an organization.
4. d) How theories of organizational behaviour may be used to enhance the performance of the individual, team,
and the organization.
5. e) An organisation’s risks and opportunities using a risk management framework
LO2 Describe the environment in which an organisation operates, including the primary economic, legal, regulatory,
political, technological, social, and cultural aspects.
LO3 Analyse aspects of the global environment that affect international trade and finance
LO4 Identify the features of globalization, including the role of multinationals and emerging markets.
LO5 Explain the principles of good governance, including the rights and responsibilities of owners,
investors, and those charged with governance; and explain the role of stakeholders in governance, disclosure, and
transparency requirements.
LO6 Analyse the following in relation to an organisation:
1. a) The components of an organisation’s governance framework;
2. b) The components of internal control related to financial reporting;
3. c) The external and internal factors that may influence the strategy of an organisation.
4. d) The adequacy of systems, processes and controls for collecting, generating, storing, accessing,
using, or sharing data and information

Areas
Topic 1: The [PCA1: LO2] Apply critical thinking skills
business [TCA11 LO2] Describe the environment in which an to identify and solve problems, inform
environment organisation operates, including the primary economic, judgments, make decisions, reach well-
legal, regulatory, political, technological social, and reasoned conclusions and make
cultural aspects recommendations where applicable.
[PCA3: LO3] Anticipate challenges and

plan potential solutions.
[PCA3: LO4] Apply an open mind to new

opportunities.
Topic 2: [TCA11 LO3] Analyse aspects of the global environment [PCA1: LO2] Apply critical thinking skills
Globalisation and that affect international trade and finance to identify and solve problems, inform
the global business judgments, make decisions, reach well-
environment [TCA11 LO4] Identify the features of globalization, reasoned conclusions and make
including the role of multinationals and emerging markets recommendations where applicable.
[PCA4: LO6] Explain the interrelationship

of ethics and law, including the
relationship between laws, regulations,
and the public interest.
Topic 3: Strategy, [TCA11 LO1] Explain the following in relation to the [PCA2: LO1] Demonstrate an
structure and organisational environment in which a business operates: understanding of collaboration,
organising a) The various ways in which organizations may be cooperation, and teamwork when
designed and structured; b) The purpose and importance working towards organisational goals.
of different types of functional and operational areas
within organisations; c) The processes that may be used [PCA3: LO1] Set high personal standards
to develop and implement the strategy of an organization; of performance and monitor through
d) How theories of organisational behaviour may be used reflective activity and feedback from
to enhance the performance of the individual, team and others
the organization
[PCA3: LO6] Identify the implications of
professional values, ethics and attitudes
in decision making

Topic 4: [TCA11 LO1] Explain the following in relation to the [PCA4: LO2] Explain the advantages and
Governance, risk organisational environment in which a business operates: disadvantages of rules-based and
and controls e) An organisation’s risks and opportunities using a risk principles-based approaches to ethics.
management framework (please refer to LO1 in the
Learning Outcomes table above). [PCA4: LO3] Identify threats to
compliance with the fundamental
principles of ethics.
[TCA11 LO5] Explain the principles of good governance,
including the rights and responsibilities of owners, [PCA4: LO4] Explain the role and
investors, and those charged with governance importance of ethics within the
Explain the role of stakeholders in governance, disclosure, profession and in relation to the concept
and transparency requirements of social responsibility.

[TCA11 LO6] Analyse the following in relation to an importance of ethics in relation to
organisation: a) The components of an organisation’s business and good governance.
governance framework; b) The components of internal
control related to financial reporting; c) Analysis of the [PCA4: LO6] Explain the interrelationship
external and internal factors that may influence the of ethics and law, including the
strategy of an organization; d) The adequacy of systems, relationship between laws, regulations,
processes and controls for collecting, generating, storing, and the public interest.
accessing, using, or sharing data and information

assessment task


[TCA11:LO1] Explain the following in relation to the organisational environment in which a

business operates:
1. a) The various ways in which organizations may be designed and structured;
2. b) The purpose and importance of different types of functional and operational areas
within
3. c) The processes that may be used to develop and implement the strategy of an
organization.
4. d) How theories of organizational behaviour may be used to enhance the performance of
the individual, team, and the organization.
5. e) An organisation’s risks and opportunities using a risk management framework
[TCA11: LO2] Describe the environment in which an organisation operates, including the
primary economic, legal, regulatory, political, technological, social, and cultural aspects.
Linked Unit Learning [TCA11: LO3] Analyse aspects of the global environment that affect international trade and
Outcome(s) assessed: finance.
[TCA11: LO4] Identify the features of globalization, including the role of multinationals and
emerging markets.
[TCA11: LO5] Explain the principles of good governance, including the rights and
responsibilities of owners, investors, and those charged with governance; and explain the
role of stakeholders in governance, disclosure, and transparency requirements.
[TCA11: L06] Analyse the following in relation to an organisation:

1. a) The components of an organisation’s governance framework;
2. b) The components of internal control related to financial reporting;
3. c) The external and internal factors that may influence the strategy of an organisation.
4. d) The adequacy of systems, processes and controls for collecting, generating, storing,
accessing, using, or sharing data and information

Topic outline
Topic 1: The business environment

Topic 2: Globalisation and the global business environment
Topic 3: Strategy, structure and organising
Topic 4: Governance, risk and controls

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Faculty of Business and Law

CAFF1 Accounting Systems and Processes

Deakin University Unit Guide

About this unit

Your Unit Learning Outcomes

These are the Learning Outcomes (LO) for this Unit

Alignment of content and learning outcomes

Unit Learning Outcomes (continued)

Topic Learning Outcomes – CAANZ Technical Competency Areas CAANZ Professional

27 November 2023 Page 2 of 4

- Summative assessment task 1

Task Summative Assessment Task 1 (Individual)

27 November 2023 Page 3 of 4

[TCA1:LO1] Explain the different business structures

Unit learning resources

Essential learning resources

Unit weekly activities

Topic 1: The accounting environment

27 November 2023 Page 4 of 4

CAFF2 Financial Accounting and Reporting - Intermediate

Deakin University Unit Guide

About this unit

Your Unit Learning Outcomes

These are the Learning Outcomes (ULO) for this Unit

Alignment of content and learning outcomes

Unit Learning Outcomes (continued)

27 November 2023 Page 2 of 6

27 November 2023 Page 3 of 6

27 November 2023 Page 4 of 6

- Summative assessment task 1

Summative Assessment Task 1 (Individual)

Short and extended answer questions.

27 November 2023 Page 5 of 6

Unit learning resources

Essential learning resources

The unit content is delivered through the CAFF2 Unit site.

The below is the prescribed textbook for this Unit:

Unit weekly activities

Topic 1: Accounting for assets

27 November 2023 Page 6 of 6

CAFF2A Financial Accounting and Reporting - Advanced

Deakin University Unit Guide

About this unit

Your Unit Learning Outcomes

These are the Learning Outcomes (ULO) for this Unit

Alignment of content and learning outcomes

Unit Learning Outcomes (continued)

27 November 2023 Page 2 of 6

Topic Learning Outcomes – CAANZ Technical CAANZ Professional Competency Areas

[PCA04: LO5] Explain the role and importance

27 November 2023 Page 3 of 6

Topic Learning Outcomes – CAANZ Technical CAANZ Professional Competency Areas

[TCA2: LO4] Prepare, analyze and interpret

[PCA2: LO2] Communicate clearly and concisely

[PCA2: LO2] Communicate clearly and concisely

27 November 2023 Page 4 of 6

Topic Learning Outcomes – CAANZ Technical CAANZ Professional Competency Areas

[TCA2: LO7] Discuss current national and

- Summative assessment task 1

Summative Assessment Task 1 (Individual)