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PASS Your CPA Blog

Check out our blog to see what's new with the CFE/Modules/Challenge Exams and learn important helpful tips and hints as you work your way through the exam writing process.

Repeat Writers - What Day 1 Case Should You Write?

Published February 7, 2021 by Ira Walfish

An interesting dilemma has arisen this year, surrounding which Capstone 1 case to write, if you are a repeat writer writing the CFE in May or September 2021. Let's look at the options and discuss the pros and cons for each one. (Hopefully this will not happen, but the discussion below is assuming you are unsuccessful in Day 1). May 2021 CFE In the May 2021 CFE, there are 2 Capstone 1...

 

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Indian and Pakistan CAs - What Day 1 Case Should You Write?

Published February 5, 2021 by Ira Walfish

An interesting dilemma has arisen this year, surrounding which Capstone 1 case to write, if you are writing the CFE in May or September 2021. Let's look at the options and discuss the pros and cons for each one. (Hopefully this will not happen, but the discussion below is relevant in the event that you are unsuccessful in Day 1). May 2021 CFE In the May 2021 CFE, there are 2 Capstone 1 cases being offered - either Distinct Hotels (version 2,...

 

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When Should I Write the CFE - May or Sept. 2021???

Published January 4, 2021 by Ira Walfish

In 2021 there are 2 CFEs, in May and in Sept.  A big question for many students is which one is better to write?  Obviously there is no one right answer, but here are some considerations to ponder in making this important decision.(1) Time - Look at your schedule and make sure if you write in May you will have enough study time.  Make sure you know when Capstone 1 starts and ends and consider how busy you will be at work in...

 

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Covid-19 and Studying for the CFE - Making Maximum Use of Your Time

Published December 27, 2020 by Ira Walfish

As everyone is aware, the Covid-19 virus is playing havoc with people's lives all over the world and the impact on CPA students is no less dramatic.  The biggest impact is the cancellation of the May 2020 CFE.  Given the mess in the Sept. 2019 CFE, CPA Canada is probably thinking, "what's next"??? However, from a student's perspective, let's try and find a silver lining in this unholy mess. Many (or most) students are off work, sitting...

 

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Repeat Writers: How to Prepare for a 2nd Attempt

Published December 7, 2020 by Michael Levi

Okay, now that we understand how to interpret the results (please read our blog Repeat Writers - What Went Wrong During the CFE? before you read this blog), let's figure out what to do to make sure you are successful on the next CFE. Obviously, the way forward will be a bit different for everyone, depending on where you were weak the first time around.  So I'll try and make this general enough to capture all the weaknesses, and you can see which specific points relate to your situation.Study PlanThe...

 

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Repeat Writers: What Went Wrong During the CFE?

Published December 6, 2020 by Ira Walfish

There is no question it is disheartening to fail the CFE, but take solace in the fact that thousands of students over the years are now CPAs and they did not pass the first time around. This is a bit of a game, and playing it right makes all the difference.  But before we focus on what to do next (See: Repeat Writers - How to Prepare for a 2nd Attempt), let's understand what went wrong this past September.  CPA provides a one-pager that gives you a brief summary of how you did on the different levels of...

 

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How is Day 1 of the CFE is evaluated?

Published November 12, 2020 by Kayla Levesque

  How is Day 1 evaluated? Day 1 is marked independently from the other days (Day 2 and 3). It is marked holistically as a pass/fail. Below is an overview of how candidates are evaluated along with some important comments from the Board of Examiners (comments are addressed in italics)[1] 1.  Situational Analysis- Candidates are expected to provide a highlight of the changes presented in the case. This can include an update on...

 

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Understanding How to Approach the Day 1 Case

Published November 9, 2020 by Kayla Levesque

How is Day 1 structured? Day 1 is a four-hour comprehensive case in which candidates are asked to advise on various strategic decisions and operational issues. The focus is on integration, problem solving, decision making and communication. Day 1 is unique as candidates have a large portion of the work completed for them (essentially the background work for all strategic decisions). This may include a financial analysis of each option, market analysis, industry data,...

 

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The "Do's" of Case Writing

Published November 2, 2020 by Ira Walfish

Students often complain that they don't know how to write cases.  Where do you start?  What are the characteristics of a good response?  There is no question that the biggest factor in successful case writing is practice and more practice.  However, it also helps to get into good habits that you can adopt on every case. Here is our top ten list of "Do's" to maximize your chances to get competent and get the marker on your side:1)  There are multiple requireds on a CFE – always respond to every required or you will lose AOs.2)  Rank requireds,...

 

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When to Write the Module Exams

Published October 25, 2020 by Michael Levi

A common question we often get from students is how you should schedule when to write the Module Exams. This is an important question and involves a number of considerations.There are four times the Module Exams are written during the year:  March, July, Sept., and Dec.  On Day 1,  Core 2, Finance and Tax are written and on Day 2, Core 1, PM and Assurance are written. The Module normally begins about two months before the exam. What order do you write in?  You have to complete both Core 1...

 

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