KnowledgEquity
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Navigating the Practice Exams
Multiple choice questions
Written response questions
Reading practice exam feedback

KnowledgEquity Practice Exams

Practice Exams

At KnowledgEquity, we aim to recreate the same experience in our practice exams to prepare you for the actual CPA exam. We do this by:

  • Giving you one attempt to complete the practice exam

  • Timing the exam for 3 hours and 15 minutes

When you feel like you have revised all the modules and topics, attempted all the practice questions and written your own summary notes or index then set yourself up to take the exam properly in a 3 hour 15 minute period.

Technology

 Before you start, you must use the Chrome browser to open the LMS. Do not use Safari as your answers will not save.

Navigating the Practice Exams

Step 1 – Login to the online learning system and click “Courses” on the left menu.

Step 2 – “My Courses” will be displayed. Click on your subject’s ‘Practice Exams’ course.

Step 3 –  Course outline is displayed. Click on “Start/Continue Course”

Step 4 – Read through the Course outline introductory text. Proceed to the first unit with important information. Proceed to the system test to check that your system is working correctly.

Step 5 – Select the practice exam you want to attempt, read any final instructions, and click “Start Quiz” to begin.

Important: YOU ONLY HAVE ONE ATTEMPT. The exam is timed so you have 3 hours and 15 minutes to complete it. YOU MUST COMPLETE IT IN ONE GO! Do not click “Start Quiz” until you are ready to complete the Practice Exam in full.

Multiple Choice Questions

All subjects

All CPA subjects have multiple choice questions (MCQs) in the practice exam. For the elective subjects (AAA, CBI, FRM), the practice exam is comprised only of MCQs. For the other subjects (EG, FR, SMA, AT) there are MCQs and a written section. For the written section you will be given a Microsoft Word document template that you fill out and then upload at the end of the exam.

Step 1 – Read the specific instructions that are provided to you in the Practice Exam.

Step 2 – When you are ready to complete the Practice Exam in full, click “Start Quiz”.

Step 3 – For each question, select your response. Click “Next Question” to move forwards or “Previous Question” to go back.

Step 4 – When you finish all the questions, click on “Submit Quiz”.

Step 5 – To view your results, select ‘Check Quiz Results’ button.

Step 6 – Attempted questions will appear as follows, including feedback below the question of why it was correct or incorrect.

Written Response Questions

Core subjects EG, FR, SMA & GSL, plus elective AT

For these subjects, each exam has Section A, which is multiple choice questions (MCQs). Refer to MCQ instructions above.

Section B of the exam is the written answer (or constructed response) component (EG, FR, SMA and AT). Note: GSL exam 1 has Part A written response section.

Important: Before you start, download the Word document template that is available when you open the exam quiz. You will use the Word document to type your answers to the Section B written response questions. You will then upload this Word document to the system at the conclusion of your practice exam.

This is a back up to ensure all your hard work is saved in case of any technology / power outage / unanticipated glitch.

Step 1 – Read the specific instructions that are provided to you in the Practice Exam.

Step 2 – For each question, type your response in your Word document.

Step 3 – Click “Next Question” to move forwards, or “Previous Question” to go back.

Step 4 – When you finish all the questions, click on “Submit Quiz”.

Step 5 – Upload your completed and saved Word document via the system prompts as a back-up.

Step 6 – To view your results, select ‘Check Quiz Results’ button.

Written response marking

Exam Ready (Ethics & Governance) – You are provided with detailed solutions for the written response section (in the ‘Results’ screen) so you can review your answers against the solutions. You are not provided personalised feedback.

Exam Ready (SMA, FR, GSL, AT) – After you submit your written response section of the practice exam, it goes into a queue for your instructor to mark. Once marking is complete, we will provide you with your marks only for the written response section (provided within 4 business days). You are provided with detailed solutions for the written response section (in the ‘Results’ screen) so you can review your answers against your marks and the solutions.

Full Focus (all subjects) – After you submit your written response section of the practice exam, it goes into a queue for your instructor to mark. Once marking is complete, we will provide you with your marks and additional written feedback for the written response section (provided within 4 business days). You are provided with detailed solutions for the written response section (in the ‘Results’ screen) so you can review your answers against your marks, your instructor’s feedback and the solutions.

Still have questions? See our answers to candidate FAQs

KnowledgEquity is an independent study support provider and is not affiliated with CPA Australia