For the CPA Program • Elective subject
Contemporary Business Issues for the CPA Program, cut to 46 pages of notes, 72 flashcards, a two-page cheat sheet and a 60-question practice exam, so you study what carries the marks. Packs $45 to $120 AUD, instant PDF download.
Instant PDF download after checkout. Study on any device. Summo Notes is an independent study resource and is not affiliated with or endorsed by any professional body.
About the subject
Contemporary Business Issues is an elective in the CPA Program. This study guide covers the forces reshaping the accountant's world: future skills, new business models and financing, people management, natural resources, and stakeholders.
The exam is all multiple choice, and most questions are built around a business scenario. You have to take an idea, a business model, a financing type, a resource question, and apply it to a company you have never seen before, which is where most marks are won or lost. The notes are built for that: the ideas and the wording first, then how to use them in the exam.
The subject splits into five modules. The notes match the exam, so the parts worth the most marks get the most of your time.
What's inside
Three parts that work together. Learn it in the notes, drill it with the exam, lock it in with the cards.
The whole subject rewritten in plain English, the way a colleague who passed last year would explain it.
Sixty multiple-choice questions, built around real scenarios and written for an open-book exam, matching the real all-multiple-choice format.
The last-week toolkit. Quick recall on the go, and one quick reference sheet for the open-book exam.
A look inside
This is the actual work, not a description of it. Genuine pieces from the notes, flashcards, cheat sheet and exam, so you can see the quality before you spend a cent. It is a taste. The full pack goes a lot deeper.
A business model is how an organisation creates, delivers and captures value. The Business Model Canvas describes it through nine components, from customer segments and the value proposition to the revenue streams and cost structure.
The exact wording to use, pulled out so you cannot miss it.
The test is ownership versus repayment. One line that answers a whole question family.
The subject's own map of what a future-focused accountant needs.
What are the main drivers of change in this subject?
Automation and artificial intelligence, new business models, globalisation, the growth of data, regulation, and rising stakeholder expectations. Each one changes what the accountant does.
Print double-sided, cut, and drill them anywhere.
HRM manages people so they contribute to the organisation's strategic goals, and it runs through the whole organisation, not only the HR department.
Do not swap which variable is fixed. Under a carbon tax the price is set and the quantity is uncertain; under a trading scheme the quantity is capped and the price is uncertain. Reversing the two is the most common error here, and a scenario is often built to catch it.
Tips and traps sit right where people slip, so you learn the mistake before you make it.
Tacit knowledge is the hard part, and a question often turns on it. Capturing it takes more than writing a document; it needs socialisation, where people learn by working together, and externalisation, where know-how is drawn out into explicit form.
The notes flag the ideas the examiner uses to build wrong answers.
Two founders are building a platform that connects home cooks with local diners, taking a fee per order, and they need growth funding without giving up control. Which combination best fits their situation?
Sixty questions, matching the real all-multiple-choice format, every one worked through.
A platform that connects cooks and diners for a fee, owning no kitchens, is a sharing-economy model. Founders who want growth funding without giving up control point to debt rather than equity, and marketplace lending raises debt from many lenders while preserving ownership.
The venture is a platform, not a manufacturer, and donations do not fund the growth of a fee-earning business. It is a trading platform, not a charity, and equity crowdfunding would dilute the control the founders want to keep. A public share offer also dilutes ownership.
Every question is marked up like this, including why each distractor is wrong, so you learn why you missed it, not just that you did.
And this is a sample. The full pack has all 46 pages, 72 cards, the cheat sheet, and the complete 60-question exam with worked solutions.
Made for studying after work
You are fitting this around a full-time job. The notes are cut down so your study time goes to the parts that earn marks, not to re-reading the textbook.
Five modules of material sorted into what gets tested and what does not.
The modules that carry the most marks get the most space. The rest is kept short.
Worked solutions show how to take a principle and answer a scenario you have not seen.
Choose your pack
Prices in Australian dollars. Every pack is an instant PDF download.
For revision when you know the theory and want to practise under exam conditions.
Everything for the subject, from first read to the final open-book exam.
For learning the subject from scratch and building recall.
How it works
Pick the pack that fits where you are in the subject.
Checkout is handled by Lemon Squeezy. No account needed.
Your PDFs land in your inbox and on the confirmation page.
Good to know
More subjects
Get the full pack and have every note, exam and card for Contemporary Business Issues in one download.