Financial Accounting Technical Review - 2017
publication was prepared specifically for the CFE, and provides candidates with
a concise technical review of financial accounting topics expected to commonly
be examined on the CFE
Solid technical knowledge in financial accounting is critical
because the Financial Reporting Competency makes up a significant percentage of
the CFE and candidates will need depth to achieve "competent" in
several assessment opportunities in order to achieve depth in financial
accounting. This is critical given that
in order to pass the CFE one must achieve depth in financial reporting or
management accounting and in order obtain one’s Public Accountant’s license,
depth must be achieved specifically in financial reporting.
Note – Students who attend the PASS IFRS courses will receive this publication for no extra charge.
Management Accounting Technical Review - 2017
Under the CPA certification program,
management accounting has become very important on the CFE and it will
therefore be critical for students to have a strong grounding in this area. Management accounting may come up on the
Day 2 - Elective Comp as a common area that needs to be addressed by all
students regardless of the depth area chosen.
It can also be tested heavily on the Day 3 – Multis, which has been the case when it does not come up on the Day 2 Comp.
The purpose of the
Management Accounting Technical Review Book is to provide a detailed review of
the major management accounting topics that could be tested on the CFE. Following the technical review of each topic, there is a
discussion of how that topic may be tested on the CFE.
In addition to providing a technical review, the book provides case scenarios in management accounting with detailed solutions as well as numerous problems students can use to practice the many types of calculations that may need to be performed on the CFE.
Financial Accounting on The CFE - An Integrated Approach for The 2017 CFE
The purpose of this booklet is to demonstrate how various financial accounting topics are likely to be tested in CFE simulations. As it is not expected that financial accounting will be tested in a way that is markedly different from the legacy UFE exam, this book summarizes how financial accounting topics have been historically tested on both past CFEs as well as on past UFEs. This provides students with a very strong indication of how financial accounting will be tested in the future and will therefore greatly assist them in preparing for the Financial Reporting competency.
This booklet will help students to:
- Prioritize your studying, as you will be able to observe which aspects of a given topic have been examined historically; and
- Gain a solid understanding of how topics are tested in a simulation which will enable you to more effectively apply your technical knowledge in financial accounting to CFE simulations.
The booklet is organized by accounting topic and covers all topics that have come up historically over the last 13 years. Topics are broken down between major and minor topics.
For each topic discussed, the topic is broken down as follows:1. Past testing of Topic:
A detailed summary is provided of how the topic has been tested in the past. Guidance is also provided with regard to how the topic could potentially be tested in the future both under IFRS and ASPE given that ASPE/IFRS have only been examinable for a few years, so there are many scenarios that have not yet been tested.2. Integration:
There is a section on integration which discusses how the topic might be integrated with various other competencies. This is important, given that CFE simulations always test more than one competency, and therefore the ability to integrate financial accounting with other competencies is very critical.3. Summary:
A summary is provided of the cases in which the accounting topic has been tested over the last 13 years. This gives students the opportunity to practice dealing with specific accounting topics.
The 2017 version of the publication will be ready shortly after CPA Canada releases the Board of Examiners Report for the September 2016 CFE.
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Detailed UFE Evaluation Guides - 2007 - 2014 - for the 2017 CFE
This electronic publication contains modified UFE evaluation guides for past UFEs. The guides provide more detail than is provided in the UFE reports that are issued each year.
You will clearly understand what a candidate has to do to fall into each level, and will clearly see the difference between "reaching competent" and "competent". This will make marking past questions easier and more accurate as candidates will no longer have to "guess" if they got "reaching competent" or "competent".
The reason that the publication focuses on UFE cases, although the UFE has been replaced by the CFE, is that many of the UFE multis are still very representative of CFE cases as evidenced by the fact that Capstone 2 uses past UFE cases, There will be no overlap between the UFE cases included in this publication and those used in Capstone 2.
Once you order this publication, you will have access immediately on-line. No hardcopy will be sent to you as this is an online publication.
If you are signed up for the CFE Comprehensive Course, you will receive this publication at the course.