What are the changes to CPA Australia Taxation this semester?
CPA Australia has advised that there are changes to the Taxation offering inside the CPA Program for Semester 1, 2019 (learn more about the changes here).
There are now 2 taxation subjects being offered in the CPA Program: (i) Australia Taxation and (ii) Australia Taxation – Advanced.
If you haven’t studied taxation before, you should enrol in Australia Taxation (see the subject outline here). If you have studied taxation previously and want to learn more complex topics (and potentially become a registered tax agent with the Tax Practitioners Board), then you should enrol in Australia Taxation – Advanced (see the subject outline here). CPA have also advised that students can take both taxation subjects as part of the CPA Program, so you can build upon your tax knowledge across two ‘electives’.
Australia Taxation seems to reflect the previous study resource called ‘Supplementary Resource – Taxation’ (available here), which has 11 modules.
Australia Taxation – Advanced is based on the ‘Advanced Taxation’ study guide from Semester 2, 2018 (available from the files section of the Australia Taxation Facebook group here) and has 10 modules.
What support resources will KnowledgEquity provide?
KnowledgEquity is offering support resources for both taxation subjects in 2019. Firstly, the free CPA Assist courses for both subjects will be available, providing you with access to the Module 1 resources and the first webinar so you can try before you buy.
Australia Taxation: paid packages include Revision Plus, Exam Ready and Full Focus, with resources including live and recorded webinars, 2 full length practice exams and all the short video tutorials.
Australia Taxation – Advanced: Revision Plus and Exam Ready only, with resources including recorded webinars (from Semester 2, 2018), 2 full length practice exams and all the short video tutorials. Live webinars are not being offered as the expectation is that student numbers will be very low.
A final word…
There are some big changes ahead. So long as you’re aware of them, and you’re ready to navigate through them (expecting some hiccups along the way), then you’ll be mentally prepared and on the right track. Get motivated, keep engaged and prepare yourself for challenge…it’s going to be an interesting ride, and I look forward to you joining me this semester!
Russell is the Instructor for Australia Taxation and Australia Taxation – Advanced at KnowledgEquity. In 2009, he was awarded the CPA High Achiever award as well as the Advanced Taxation award. Check out his profile.
To learn more and get access to support resources for your CPA, check out KnowledgEquity’s Australia Taxation Support for your CPA studies. You can try our CPA Assist for Australia Taxation and CPA Assist for Australia Taxation – Advanced which includes 5 hours of free content. Here, there are short explanatory videos, module quizzes and other resources to help you embed your knowledge and be able to understand the subject. Plus, in our paid courses, you can access all the resources, including practice exams (marked) and an exam preparation webinar – Learn more on KnowledgEquity’s Australia Taxation support for your CPA studies here. KnowledgEquity also provide support in other subjects, see here.