CA ANZ Core 5 case studies
CA ANZ Core 5 · Put your knowledge to work in context.
CA ANZ Core 5 is a capstone-style unit in the Chartered Accountants Australia and New Zealand program, sitting at the point where technical knowledge is expected to be integrated rather than recalled in isolation. It suits candidates who have completed the technical modules and are moving toward practical, judgement-based work: analysing a business situation, weighing competing considerations, and communicating a defensible recommendation. The CA ANZ Core 5 case studies are 5 cases and about 3,472 words.
1Revenue Recognition on a Multi-Element Contract with Variable Consideration
Kestrel Software Ltd signs a 3-year contract on 1 July 2025 with a customer for a bundled package: a perpetual on-premise licence (standalone selling price 120,000), implementation services ( 60,000 standalone), and 3 years of post-contract support ( 90,000 standalone, being 30,000 per year). The total contract price is 240,000, payable 100,000 on signing and 70,000 on each anniversary.
690 words, about 3 min2Variance Analysis Where the Standard Cost Itself Is Suspect
Bramwell Foods manufactures a single product. The standard cost card for the year was set in December 2024: 2.5 kg of raw material at 8.00/kg, and 0.4 direct labour hours at 32/hour, giving a standard prime cost of 32.80 per unit.
650 words, about 3 min3Materiality, Subsequent Events and a Qualified versus Unmodified Opinion
You are the audit manager on the 31 December 2025 audit of Halcyon Logistics Ltd, a private company with revenue of 85 million and total assets of 60 million. Overall materiality was set at 850,000 (1% of revenue) and performance materiality at 600,000.
616 words, about 3 min4Trust Distribution, Division 7A and the Small Business CGT Concession
Rivergum Trading Pty Ltd is a small business (aggregated turnover 4.2 million) wholly owned by Anna and Ben, who are Australian residents. In the 2024-25 year the company made a 600,000 profit and resolved to distribute it as a dividend to Anna.
784 words, about 4 min5Hedging an Anticipated Foreign Currency Purchase and the Hedge Accounting Decision
Marlow Instruments Pty Ltd, an Australian company with a 30 June year end, expects to purchase machinery from a German supplier for EUR 2,000,000 in March 2026. On 1 October 2025 the treasury team enters a forward contract to buy EUR 2,000,000 at a rate of AUD/EUR 0.6100, settling in March 2026.
732 words, about 4 min