Digital Finance

Content Summary

Study guide: first edition

In today's rapidly evolving digital landscape, accounting and finance professionals need to stay ahead of the opportunities and challenges presented by emerging technologies and other digital disruptors. This subject explores the complex world of digital finance and provides you with the knowledge and tools needed to apply to emerging technologies. More specifically, the subject covers the digital finance ecosystem, the future of money, technology and its use in finance, data analytics, interpretation and visualisation as well as risk management, governance and regulation.

General objectives

On completion of this subject, you should be able to:

  • examine where we are today, and where we are headed in the near future, with technologies such as Artificial Intelligence, Machine Learning, Robotic Process Automation, big data, digital payments and digital currencies
  • apply your knowledge and 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.

Exam structure

The Digital Finance exam comprises multiple-choice questions and extended-response questions.

Subject content

The subject is divided into five modules.

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.

Module Recommended proportion of study time (%) Weighting (%)
1. The Digital Finance Ecosystem 20 20
2. Future of Money 15 15
3. Technology and its use in Finance 20 20
4. Data Analytics, Interpretation and Visualisation 25 25
5. Risk Management, Governance and Regulation 20 20
  100 100

Please note, completion of the Digital Finance micro-credential offer does not contribute towards your CPA Program. However, if you purchased and completed the Digital Finance (six) micro-credentials offer prior to November 2020 and are now an Associate member, please contact us so we can advise you of your options.

Is this elective right for you?

Most Associate members are eligible to enrol in Digital Finance, and there are no prerequisites to enrol. If you're interested in this subject area and wondering whether to enrol, check our guide below.

Your membership status Recommendation
I'm a non-member Non-members or Foundation candidates are not eligible to enrol in Digital Finance as a CPA Program elective.
I'm an Associate member with electives remaining in my CPA Program studies You're eligible to enrol in Digital Finance as a CPA Program elective.
I’m an Associate member with no electives remaining, or Taxation and Audit are compulsory subjects in my CPA Program studies You're not eligible to enrol in Digital Finance as a CPA Program elective. You can enrol in the six Digital Finance micro-credentials instead, however we suggest you complete the CPA Program first.
I'm a CPA, FCPA, or an Associate member who has completed my CPA Program subject requirements We'd encourage you to enrol in the six Digital Finance micro-credentials. If you'd prefer to enrol in this elective for CPD purposes, please contact us.

Subject outline

For more information, see the subject outline below.