Summary CPA Program Australia - Digital Finance VERIFIED 2022
DIGITAL FINANCE
CPA PROGRAM SUBJECT OUTLINE – FIRST EDITION
CPA PROGRAM SUBJECT OUTLINE – FIRST EDITION
In today’s rapidly evolving digital landscape, with its onslaught of new and innovative solutions,
accounting and finance professionals must stay ahead of the opportunities and challenges presented by
these technologies and other digital disruptors. It is imperative to learn to recognise and reap the full
benefit of these technologies and the digital finance environment. This subject explores the knowledge
and skills necessary to understand and navigate the complex world of digital finance and provides the
tools to apply emerging technologies in a real-world context. More specifically, the subject discusses the
topics of the digital finance ecosystem; the future of money; technology and its use in finance; data
analytics, interpretation and visualization; and risk management, governance and regulation.
EXAM STRUCTURE
The Digital Finance exam comprises multiple-choice questions and extended-response questions.
GENERAL OBJECTIVES
On completion of this subject, you should be able to:
• examine where we are today, and where we will be in the near future, with technologies used in
the digital finance environment such as Artificial Intelligence (AI), Machine Learning (ML), Robotic
Process Automation (RPA), big data, digital payments and digital currencies
• apply your knowledge to translate complex digital finance concepts and terminology to support
informed strategic decision-making around the use of key digital finance technologies in business
• use your insights into digital finance technologies to navigate the changing technological
environment in which accounting and finance professionals work
• examine the regulatory and organisational implications of digital finance technologies and how
they can be applied in a range of settings including compliance in organisational contexts.
, SUBJECT CONTENT
The weighting column in the following table provides an indication of the emphasis placed on each
module in the exam. The proportion of study time is a guide for you to allocate your study time for each
module.
DIGITAL FINANCE
CPA PROGRAM SUBJECT OUTLINE – FIRST EDITION
CPA PROGRAM SUBJECT OUTLINE – FIRST EDITION
In today’s rapidly evolving digital landscape, with its onslaught of new and innovative solutions,
accounting and finance professionals must stay ahead of the opportunities and challenges presented by
these technologies and other digital disruptors. It is imperative to learn to recognise and reap the full
benefit of these technologies and the digital finance environment. This subject explores the knowledge
and skills necessary to understand and navigate the complex world of digital finance and provides the
tools to apply emerging technologies in a real-world context. More specifically, the subject discusses the
topics of the digital finance ecosystem; the future of money; technology and its use in finance; data
analytics, interpretation and visualization; and risk management, governance and regulation.
EXAM STRUCTURE
The Digital Finance exam comprises multiple-choice questions and extended-response questions.
GENERAL OBJECTIVES
On completion of this subject, you should be able to:
• examine where we are today, and where we will be in the near future, with technologies used in
the digital finance environment such as Artificial Intelligence (AI), Machine Learning (ML), Robotic
Process Automation (RPA), big data, digital payments and digital currencies
• apply your knowledge to translate complex digital finance concepts and terminology to support
informed strategic decision-making around the use of key digital finance technologies in business
• use your insights into digital finance technologies to navigate the changing technological
environment in which accounting and finance professionals work
• examine the regulatory and organisational implications of digital finance technologies and how
they can be applied in a range of settings including compliance in organisational contexts.
, SUBJECT CONTENT
The weighting column in the following table provides an indication of the emphasis placed on each
module in the exam. The proportion of study time is a guide for you to allocate your study time for each
module.
