Skip to content

Subject guides

Contemporary Business Issues study guide for the CPA Program (fifth edition)

A plain-English guide to Contemporary Business Issues: the themes that carry the exam, turning easy reading into exact points, and the multiple-choice traps.

  • Fifth edition
  • Multiple choice
  • 5 modules
Contemporary Business Issues study guide header, a small diverse team in a bright Australian office discussing business trends around a table, laptops and notes in front of them.
On this page
  1. What you are up against
  2. Contemporary Business Issues at a glance
  3. Where the marks sit
  4. The themes it covers
  5. The modules, in the detail the exam wants
  6. The topics that decide your result
  7. How to study this subject
  8. Traps that cost easy marks
  9. Questions people ask about Contemporary Business Issues
  10. Keep going

The short version

  • Contemporary Business Issues looks at the forces reshaping business and the accounting role, from skills to sustainability.
  • Human resource management is the biggest module. The rest are close behind, so cover the whole spread.
  • The exam is all multiple choice, so there are no method marks. Precise reading is where the marks are.
  • It reads easily but examines on the detail, so knowing the exact idea matters more than a general sense of it.
  • This guide covers the fifth edition. Because the content is current by design, check the edition for your exam.
Jump to the checklist

What you are up against

Contemporary Business Issues is the subject that feels the easiest to read and is easy to underrate. The topics are current and interesting: how business models are changing, how organisations manage people, how they handle natural resources and stakeholders, and what skills the profession needs next. None of it is heavy going on the page.

The catch is the exam. It is entirely multiple choice, and it tests the detail, not the vibe. You can read a module, feel like you understand it, and still miss questions because the answer turned on a precise point you skimmed. So the work is to turn a comfortable, general understanding into exact knowledge you can pick between four close options.

Because the subject is contemporary by design, its examples and emphasis are refreshed across editions. Confirm the edition for your sitting so you are studying the current version.

Contemporary Business Issues at a glance

Where the marks sit

One module leads. Contemporary human resource management is the largest at a quarter of the exam. The other four are close together just behind it. So there is one clear place to start, and then even coverage of the rest.

Module weighting in the Contemporary Business Issues subject (illustrative of the published emphasis). Confirm the weighting for your own sitting against the current subject outline.

Contemporary human resource management
25%
Contemporary business models and financing
20%
Future of natural resource management
20%
Contemporary stakeholder management
20%
Future accounting skills
15%

Illustrative only. Every subject differs. This shows the shape of a typical weighting, not the marks for any specific exam.

Start with human resource management, since it carries the most, then give steady attention to business models, natural resources and stakeholders. Future accounting skills is lighter but still worth a clean pass.

The themes it covers

The subject is a set of connected views on where business is heading. Seeing them together helps you hold the whole thing rather than five separate lists.

The themes of Contemporary Business IssuesThe changing business environment connects to five themes: future accounting skills, contemporary business models, human resource management, natural resource management and stakeholder management.The changingbusiness environmentFutureskillsBusinessmodelsPeopleand HRNaturalresourcesStakeholders
The themes of Contemporary Business IssuesA high-level illustration of how the modules connect.

The modules, in the detail the exam wants

Human resource management, the biggest module, is about how organisations attract, develop and keep people, and why that matters more as work itself changes, through automation, flexible and remote work, and shifting expectations. Learn the specific models and terms it introduces, because the multiple choice tests those, not a general sense that people matter.

Business models and financing covers newer ways companies create value and fund themselves, including platform and subscription models and newer sources of finance. Natural resource management looks at sustainability, the pressures on the resources a business depends on, and ideas like the circular economy, where resources are kept in use rather than used once and discarded. Stakeholder management is about the wider set of parties a business answers to beyond its owners, why the organisation should engage them, and how. And future accounting skills asks what the profession will need to be good at next, as routine work is automated and the value shifts to analysis and advice.

Turn each theme into exact points

For every module, do not stop at a general feel. Write down the specific ideas, terms and models it introduces, because that is the level the multiple choice tests. A vague sense of a topic loses to four options that all sound plausible.

Exam trap

The comfort trap is the real danger here. The reading is easy, so it is tempting to move on once a module makes broad sense. But the exam asks for the precise term or the specific model, and a broad sense cannot separate two close options. If your notes only capture the gist, the questions will find the gap.

The topics that decide your result

Must know
Human resource managementThe biggest module at a quarter of the exam. Learn its models and terms precisely, not just the general idea. Best hours go here first.
Should know
Business models, natural resources, stakeholdersClose in weight and all examinable. Give each steady, exact attention. This is a spread subject, so even coverage wins.
Clean pass
Future accounting skillsLighter, and quick to learn. Understand the direction the profession is heading, then move your time to the heavier modules.

How to study this subject

Because the exam is all multiple choice, study for precision. The reading is easy, so the risk is stopping at a general understanding. Push past that: for each module, turn the ideas into exact points, terms and models you can recognise under pressure. Drill plenty of multiple-choice questions under time, and when you miss one, check whether you actually knew the specific point or just had a rough feel for the topic. Give human resource management the most time, then cover the rest evenly.

Your Contemporary Business Issues study checklist

0 of 7 done

Turn easy reading into exact knowledge. Progress saves in your browser.

Nice. That is the hard thinking done.

Traps that cost easy marks

The three that catch people

Reading a module, feeling comfortable, and never turning that comfort into exact points, which the multiple choice punishes. Under-weighting human resource management when it is the biggest module. And skimming a stem in an all-multiple-choice exam where a near-miss scores nothing. Precise notes and careful reading fix all three.

This subject reads easily and examines on the detail. Turn a general understanding into exact points, or the four close options will find you out.

Questions people ask about Contemporary Business Issues

Is Contemporary Business Issues an easy subject?
It is easy to read, which is exactly why people underrate it. The exam is all multiple choice and tests precise detail, so a general understanding is not enough. The work is turning comfortable reading into exact knowledge.
Which topics carry the most marks?
Human resource management is the biggest module at about a quarter of the exam. The other four are close behind, so start with human resources and then cover the rest evenly.
Is the exam multiple choice?
Yes, it is entirely multiple choice, with no method marks. A wrong answer scores nothing, so precise knowledge and careful reading are where the marks are won.
How should I take notes for this subject?
Turn each module into specific points, terms and models rather than a general summary, because that is the level the exam tests. If your notes only capture the gist, the close multiple-choice options will catch you out.
What edition is this guide written for, and how do I check mine?
This guide is written for the fifth edition. The subject is current by design, so its examples and emphasis are refreshed over time. Check the current edition when you enrol rather than trusting older notes.

Want the themes already turned into exact points?

Our Contemporary Business Issues pack condenses each theme into the specific points the exam tests, with practice exams and worked solutions so you can drill the multiple choice with confidence.

See the Contemporary Business Issues pack

Keep going

Three more that pair well with this one: how to read a question stem for the all-multiple-choice reading skill, how to find the topics that carry the marks for the weighting method, and the Digital Finance study guide for another forward-looking subject.