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Replacing Final Exams in First-Year Accounting: Reflections on Implementing an Authentic Assessment Task

Australasian Accounting, Business and Finance Journal | 2026

Paper Details

Authors: Roudaki H.; Pupovac S.

DOI: 10.14453/aabfj.v20i1.02

Journal: Australasian Accounting, Business and Finance Journal

Year: 2026

Publisher: University of Wollongong

Document Type: Article

Open Access: All Open Access; Gold Open Access

Cited by: 1

Abstract

The shift from traditional exams to authentic assessments in accounting education marks a critical step toward aligning educational practices with industry expectations. This paper presents the ASX Company Analysis Task, a scaffolded authentic assessment introduced in a first-year accounting course to replace the final exam. Designed to engage students with real-world scenarios involving ASX-listed companies, the task aimed to develop students’ critical thinking, teamwork, and communication skills while enhancing engagement and reducing assessment-related stress. Reflecting on feedback from students and tutors, we discuss the task’s effectiveness in fostering employability skills, improving engagement, and supporting meaningful learning. The paper demonstrates how authentic assessments can offer impactful alternatives to traditional exams, better preparing students for the complexities of professional practice. © 2026, University of Wollongong. All rights reserved.

Keywords

alternative assessments; ASX company analysis; authentic assessment; first-year accounting education; scaffolded learning tasks