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CPA CFE (COMMON FINAL EXAM) MAY 2020

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 CPA CFE (COMMON FINAL EXAM) MAY 2020Ad6LI

CPA Common Final Exam 2020 is approaching slowly and will be conducted in may and September 2020 by CPA Canada. If student get through in the exam, he will get the most prestigious designation of CPA Canada. Many students are in process to do the same.

Exam is for three days and little more tough and lengthy. Most of you are busy with the jobs and family as well and left with little time to prepare well. As all of you know very well that exam is totally on case writing approach and time is always the constraint. Speed, accuracy and professional judgement are the essential skills in this exam.

Many students are struggling to pass day 2& 3 exam. Time constraint was faced by the students particularly for day 3. The most preferable approach is to read, understand and prepare outline in 30 % of available time for each case.

CPA is testing your knowledge from variety of   in depth course concepts and as such you should have a through technical knowledge and practice for reading and understanding cases. In view of limited availability of time, we at Beyond Accounting Coaching Services have prepared 7 recorded video lectures exclusively for CFE 2020 exam. These lectures cover in brief all important technical competencies normally being tested in the exam. Exam is for total case writing approach, and without sound knowledge of technical concepts, it is difficult to provide in-depth response.

These video lectures are available at just $ 75 plus tax. Exclusive book CFE TECHNICAL GUIDE is also available at a cost of $ 150.

As per latest MOU between INDIA and CANADA, Indian CA similar to Pakistan CA is exempted to appear in Capstone 1 & 2 module. However these students require extensive training for technical concepts and case writing strategies. We at Beyond provide special training to such students to prepare them for the final exam and provide them the materials (technical and cases) to pass the exam.

For further information and for one to one coaching, you can contact us at www.beyond.coach or email at tutor.pa1.pa2@gmail.com or cell: 16475056648..Paresh Desai

 

 

 

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Core 1 & 2

Strategies to pass CPA Core 1 & Core 2 Fall 2019/ Winter 2020 Exam

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Strategies to pass CPA Core 1 and Core 2 Fall 2019/ Winter 2020 Exam

It is again now for students to well prepare for Core 1 & Core 2 exam scheduled on fall & winter session of 2019/2020.I observed that many students lack confidence for passing these exams. They remain very busy with job, family and also for submission of assignments. They also lack technical knowledge of various course area covered. Strong Technical knowledge is the key to success in these exams. These exams are evaluated on the basis of around 75 % MCQ and 25 % on one small case analysis. Exam is of 4 hour duration and as such students are required to do one multiple in about 2.5 minute and case analysis in 60 minutes.

I have seen many students could not get success in the last hour of exam on account of time constraint. They took more time in MCQ and as such could not allot enough time for case analysis.

I provide following very successful strategy to pass these exams:

  • Right from today, review your technical stuff of related course area along with your assignment work.

Financial Accounting and Management Accounting are the two major courses in both Core 1 and Core 2 respectively. Allot more time on it. Learn the correct format of writing case analysis. Ensure that you read, understand and prepare the outline for case in 20 to 25 minutes. I have seen students normally are taking more time in the same and then lack confidence in writing the case effectively. Do the practices till you cannot achieve this.

  • Daily try to do some MCQ for the course area you have studied in the exam, preferably first write the case in 60 minutes and then try for MCQ. This strategy is more successful to pass both theses exam.
  • Those who could not get success should consult experiences tutor for guidance and training. Repeated failure will increase frustration and you have only 3 attempts to get through
    Those who have challenge exam, can also approach experienced tutor for guidance and training.
  • Failure in either MCQ or Case analysis is mainly due to lack of technical knowledge and lack of practice and techniques to solve the MCQ and or understanding and analysis of major issues in the case.

Students, who lack confidence in passing the course area, repeat writers, can take my lectures online or at in person at Brampton location. Exclusive book is available for Core 1 & Core 2 at a cost of $ 140 plus 5 % tax for Core1 and $125 for Core 2 (delivery free). Book contains all related technical concepts, enough selected MCQ and three cases analysis with solution. Cost of lectures is $ 400 plus tax. Discount will be given in a batch of 4-5 students.

For any further question visit my web site www.beyond.coach or send email at tutor.pa1.pa2@gmail.com

 

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Ad spring 2018

How to pass CPA CFE 2019 Day 2 & 3 Final Exam ?

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How to pass CPA CFE 2019 Day 2 & 3 Final Exam

Many students are unable to pass CPA CFE Day 2 & 3 Final Exam. Students should review all related technical concepts for all six subject competencies. Care should be taken for selected core roll as you will face about 8 issues in Day 2. Normally students found shortage of time particularly in Day 3. Speed, accuracy and professional approach for writing cases are most essential to get success. I summarize some important points for getting success at the final exam.

From the last two slides, you will notice, expected case of a company for your 2019 exam. You will also observe that there are around 30 issues in day 2 & 3 exam, out of which about 13-15 are in day 2. Roll base has around 8 issues. FR & MA each have 8 issues in total for both the days. Remaining is for breath of competencies. It is expected that you may face case of a private company with Management Accounting issues in Day 2. You can also predict on the basis of analysis furnished.

If anyone need any special guidance and or coaching can contact me on my web site www.beyond.coach or emai:pcdesai1454@gmail.com

  1. Day 2 – Comprehensive Case evaluating (5 hours)
  • one case analysis of 5 hour duration (about 50 pages) based on technical competencies related with financial accounting, management accounting, and chosen role
  • Answer should be depth in financial or management accounting and in selected role
  • Grade will be for each issue, a) not address b) Just identify c) reaching competent d) competent e) competent with distinction
  • Day 2 will be graded combine with day 3
  • Avoid skipping any competencies
  1. Day 3 – Small cases (usually three) (4 hours)
  • Three case analysis of total 4 hour duration based on technical and enabling competencies
  • Answer should be depth in financial or management accounting
  • Answer should be integrated with breath of other courses like taxation, audit, strategy and governance
  • Grade will be for each issue, a) not address b) Just identify c) reaching competent d) competent e) competent with distinction
  • Day 3 will be graded combine with day 2
  • Time management and outlining will be important
  • Don’t skip competencies
  1. Marking of Day 2 & 3:
  • To pass day 2 & 3, student should write answer with
  • Sufficient with aggregate all issues….Level 1
  • Depth in MA or FR ……Level 2 ( Competent grade C)
  • Depth of issue in selected role Level 3 (Competent grade C)
  • Breath of issues …..Level 4 ( Reaching Competent RC)
  • Students must reply satisfying all 4 level in all major issues
  • Passing grade /limit will be decided for each exam by CPA Exam Board
  1. How you score

For each assessment opportunity (indicator) you’ll score one of the NA – CD scores.

  • Not Addressed (NA)– You did not identify the issue in the case
  • Nominal Competence (NC)– You identified the issue but only covered it superficially. Not much (if any) value added. No evidence of competence demonstrated
  • Reaching Competence (RC)– You identified the issue and covered it, but it was not sufficiently covered to achieve a C
  • Competent (C)– You discussed the issue in a sufficient level to meet expectations.
  • Competent with Distinction (CD)– Your discussion was above what was required. An exceptional response.
  1. For case analysis, always write with IAAR approach i.e. Identifying, analyzing, with alternatives and effective and well justified recommendations. For audit, IT and Ethics follow WIR approach weakness, implication and recommendation
  2. Start your answer through identifying type of the company whether it is public, private, CCPC, not for profit and or government organization along with applicability of IFRS or CPA handbook section along with effective dates
  3. Marker will be evaluating the quality of your responses (will look to see if you have grasped the key issues in the case, were able to problem solve, analyse, integrate, prioritize, and finally, communicate effectively).
  1. Analysis of last two exam cases

 

Details 2017 2018 Expected 2019
Day 2 case Private Public Private
Day 3 case
Case 1 Private Private Public
Case 2 Proprietor Private Not for Profit
Case 3 Private Private Private

  1. Analysis of last two exam cases

 

Total FR MA Roll
Day 2
2017 15 5 2 8
2018 13 5 0 8
Day 3 Total FR MA Fin Audit Tax Strategy
Case 1-2017 7 1 1 1 2 1 1
             2018 7 0 3 0 1 1 2
Case 2-2017 7 0 1 1 1 2 2
           2018 6 0 1 3 1 1 0
Case 3 -2017

 

 5 1 2 1 0 0 1
         2018 5 1 1 0 1 1 1

 

 

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How to pass CPA CFE 2019 Day 1

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I found that many students are finding difficulty in passing CPA CFE day 1 exam. Even in 2018, well qualified CA from India and other countries could not get success in passing day 1 exam. Some have approach me to put one course exclusively for Day 1. I provide below in brief some important hints to pass this exam at first attempt.

Day 1 – Evaluating your soft / professional skills (4 hours)

The first day of the CFE is a Pass/Fail mark treated separately and distinctly from Day 2 or 3. You can pass or fail Day 1 regardless of how you do on Day 2 and Day 3. Similarly, if you fail Day 1, you need to re-do, and successfully complete Day 1 regardless of how you did in Day 2 or 3. Day 1 is linked to the Capstone 1 module with the case being directly tied to your Capstone 1 case. You are provided with the original Capstone 1 case (not your solution) and the updated information on your CFE case. Day 1 tests your soft/professional skills, at a senior management level discussion.  You are not expected to discuss accounting or other technical competencies in any great detail but focus on the ‘enabling competencies’.

Capstone 1 case is mainly focusing enabling competencies. Therefore report will focus enabling competencies in depth and technical up to level 1. Enabling competencies are, problems solving and professional judgement, leadership, ethical, communication and etc. (refer CPA competency map). Capstone one case is mainly related with problem solving issue.

  • Know your Capstone 1 case inside and out ahead of time
  • Broad thinking and integration of case facts
  • Assess the situation and what needs to be done (situation analysis)
  • Analyze the major issues
  • Conclude and provide useful advice (solution)
  • Ensure your communication is clear

Student should focus on big picture, prioritize issues, perform both quantitative and qualitative analysis, use appropriate tools for quantitative analysis, and provide your answer looking into internal and external environment of the company.

Students are required to prepare a report. See the format of report in detail. In situation analysis, provide present environment, assess the situation with tools like, Portal Five forces, PESTAL analysis and SWOT analysis.

In second part analyse various issues, prioritize it, provide financial analysis wherever required, and your recommendation to resolve the issue.

In conclusion, suggest best course of action based on your analysis.

Also ensure that you will watch for the time limit of 4 hours. Do not put more input in situation analysis, major part is main issues significantly affecting the decision, and brief conclusive summary.

Marker will assess your holistic approach to the case; answers may be more than one.

If anyone need any more information and like to go for coaching for Day 1 and or for full exam, please visit my website www.beyond.coach, cell: 16475056648, email: pcdesai1454@gmail.com. Beyond Accounting Coaching Services…Paresh Desai CPA-CGA, CMA (USA) FCMA(India)

 

 

 

 

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CPA Core 1 Spring 2019

Strategies to pass CPA Core 1 and Core 2 exam 2019 Canada

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Strategies to pass CPA Core 1 and Core 2 exam 2019 Canada

It is again now for students to well prepare for Core 1 & Core 2 exam scheduled on Spring, summer, fall & winter session of 2019.I observed that many students lack confidence for passing these exams. They remain very busy with job, family and also for submission of assignments. They also lack technical knowledge of various course area covered. Strong Technical knowledge is the key to success in these exams. These exams are evaluated on the basis of around 75 % MCQ and 25 % on one small case analysis. Exam is of 4 hour duration and as such students are required to do one multiple in about 2.5 minute and case analysis in 60 minutes.

I have seen many students could not get success in the last hour of exam on account of time constraint. They took more time in MCQ and as such could not allot enough time for case analysis.

I provide following very successful strategy to pass these exams:

  • Right from today, review your technical stuff of related course area along with your assignment work. Financial Accounting and Management Accounting are the two major courses in both Core 1 and Core 2 respectively. Allot more time on it. Learn the correct format of writing case analysis. Ensure that you read, understand and prepare the outline for case in 20 to 25 minutes. I have seen students normally are taking more time in the same and then lack confidence in writing the case effectively. Do the practices till you cannot achieve this.
  • Daily try to do some MCQ for the course area you have studied in the exam, preferably first write the case in 60 minutes and then try for MCQ. This strategy is more successful to pass both theses exam.
  • Those who could not get success should consult experiences tutor for guidance and training. Repeated failure will increase frustration and you have only 3 attempts to get through Those who have challenge exam, can also approach experienced tutor for guidance and training.
  • Failure in either MCQ or Case analysis is mainly due to lack of technical knowledge and lack of practice and techniques to solve the MCQ and or understanding and analysis of major issues in the case.

Students, who lack confidence in passing the course area, repeat writers, can take my lectures online or at in person at Brampton location. Exclusive book is available for Core 1 & Core 2 at a cost of $ 165 plus 5 % tax for Core1 and $150 for Core 2 (delivery free). Book contains all related technical concepts, enough selected MCQ and three cases analysis with solution.

For any further question visit my web site www.beyond.coach or send email at tutor.pa1.pa2@gmail.com

 

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Slide1

CPA CFE (Common Final Exam) 2019

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CPA CFE (COMMON FINAL EXAM) SEP 2019

CPA Common Final Exam 2019 is approaching fast and now less than six month away. Exam is conducted by CPA Canada only once a year. If student get through in the exam, he will get the most prestigious designation of CPA Canada. Many students are in process to do the same.

Exam is for three days and little more tough and lengthy. Most of you are busy with the jobs and family as well and left with little time to prepare well. As all of you know very well that exam is totally on case writing approach and time is always the constraint. Speed, accuracy and professional judgement are the essential skills in this exam.

Many students are struggling to pass day 2& 3 exam. Time constraint was faced by the students particularly for day 3. The most preferable approach is to read, understand and prepare outline in 30 % of available time for each case.

CPA is testing your knowledge from variety of   in depth course concepts and as such you should have a through technical knowledge and practice for reading and understanding cases. In view of limited availability of time, we at Beyond Accounting Coaching Services have prepared 7 recorded video lectures exclusively for CFE 2019 exam. These lectures cover in brief all important technical competencies normally being tested in the exam. Exam is for total case writing approach, and without sound knowledge of technical concepts, it is difficult to provide in-depth response.

These video lectures are available at just $ 75 plus tax. Exclusive book CFE TECHNICAL GUIDE 2019 is also available at a cost of $ 165.

As per latest MOU between INDIA and CANADA, Indian CA similar to Pakistan CA is exempted to appear in Capstone 1 & 2 module. However these students require extensive training for technical concepts and case writing strategies. We at Beyond provide special training to such students to prepare them for the final exam and provide them the materials to pass the exam.

For further information and for one to one coaching, you can contact us at www.beyond.coach or email at tutor.pa1.pa2@gmail.com or cell: 16475056648..Paresh Desai

 

 

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CPA CFE (common final exam) 2019

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CPA CFE (common final exam) 2019

CPA Canada Common Final Exam 2019 consists of…

•Capstone 1
•Capstone 2
•Common final exam, (a) Day 1 (b) Day 2 (c) Day 3

Capstone 1:

•A group assignment among 6-7 students
•A case analysis of around 45-50 pages
•Individually need to present with markers
•The case is related to day 1 final exam
•All students mostly get through in this work

Capstone 2:

•A group assignment among 6-7 students
•A case analysis of around 45-50 pages, role base
•Individually need to submit the reply
•The case is related to day 2 final exam
•Student should select his role from Performance Management, Finance, Audit and Taxation in advance
•Mostly all students pass this module

Day 1:
•one case analysis of 4 hour duration (about 50 pages) based on enabling competencies related with ethics , problem solving, leadership and communication skill.
•This is an extension of Capstone 1 case with different scenario. The focus is not on technical competencies but ethics, big picture and problem solving.
•Answer should be based on a) situation analysis b) analysis of major issues c) conclusion and advise d)effective communication with holistic approach ( i.e. from all aspects)
•Student need to separately pass this exam
•Grade is either pass or fail

Day 2:

•one case analysis of 5 hour duration (about 50 pages) based on technical competencies related with financial accounting, management accounting, and chosen role
•Answer should be depth in financial or management accounting and in selected role
•Grade will be for each issue, a) not address b) Just identify c) reaching competent d) competent e) competent with distinction
•Day 2 will be graded combine with day 3

Day 3:

•Three case analysis of total 4 hour duration based on technical and enabling competencies
•Answer should be depth in financial or management accounting
•Answer should be integrated with breath of other courses like taxation, audit, strategy and governance
•Grade will be for each issue, a) not address b) Just identify c) reaching competent d) competent e) competent with distinction
•Day 3 will be graded combine with day 2

Day 2 & 3:

To pass day 2 & 3, student should write answer with
•Sufficient with aggregate all issues….Level 1
•Depth in MA or FR ……Level 2
•Depth of issue in selected role…Level 3
•Breath of issues …..Level 4

Students must reply satisfying all 4 level in all major issues. Passing grade /limit will be decided for each exam by CPA Exam Board. Students should be familiar with all technical course are to pass this exam.

•Financial Accounting
•Management Accounting
•Finance and Financial Planning
•Taxation
•Audit
•Strategy & governance

Students also should have mastery and expertise knowledge in preparation of financial statements for all legal entities in Canada like Private , Public , Not for Profit corporation and Government.

Students will be provided with two booklets, one for case exam and other for rough work. Students will also get CPA Canada Handbook and Income tax act (valid up to Dec 31 2018) PDF version.

To pass this exam, student should have a through technical knowledge along with applicability of related accounting standard in the final exam.

Exam questions are little complicated and students should remain very careful about what exactly is the requirement.

CPA want a reasonable professional judgement which student should have under normal circumstances. Speed and accuracy are equally important. Time constraint will be observed by the students particularly in Day 3.

To pass this exam at first attempt, students should know the techniques of writing this exam. They need proper guidance to approach this exam with some practice and feedback for improvement from an expert tutor.

Professionally qualified students from India & Pakistan in particular, need some more efforts to understand Canadian taxation law and accounting standard.

If you require expert guidance and coaching, contact www.beyond.coach.
Tutor Paresh Desai CPA-CGA, CMA(USA) FCMA(INDIA) …..he will also published exclusive book CFE Technical Guide 2019 shortly…his cell no 6475056648

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CPA CFE (COMMON FINAL EXAM) SEP 2018

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CPA Common Final Exam 2018 is approaching fast and now just two month away. Exam is conducted by CPA Canada only once a year. If student get through in the exam, he will get the most prestigious designation of CPA Canada. Many students are in process to do the same.

Exam is for three days and little more tough and lengthy. Most of you are busy with the jobs and family as well and left with little time to prepare well. As all of you know very well that exam is totally on case writing approach and time is always the constraint. Speed, accuracy and professional judgement are the essential skills in this exam.

Many students are struggling to pass day 2& 3 exam. Time constraint was faced by the students particularly for day 3. The most preferable approach is to read, understand and prepare outline in 30 % of available time for each case.

CPA is testing your knowledge from variety of in depth course concepts and as such you should have a through technical knowledge and practice for reading and understanding cases. In view of limited availability of time, we at Beyond Accounting Coaching Services have prepared 7 recorded video lectures exclusively for CFE 2018 exam. These lectures cover in brief all important technical competencies normally being tested in the exam. Exam is for total case writing approach, and without sound knowledge of technical concepts, it is difficult to provide in-depth response.

These video lectures are available at just $ 75 plus tax. Exclusive book CFE TECHNICAL GUIDE 2018 is also available at a cost of $ 165. For further information and for one to one coaching, you can contact us at www.beyond.coach or email at tutor.pa1.pa2@gmail.com

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Strategies to pass CPA Core 1 & Core 2 2018 exam

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It is again now for students to well prepare for Core 1 & Core 2 exam scheduled on summer, fall & winter session of 2018.I observed that many students lack confidence for passing these exams. They remain very busy with job, family and also for submission of assignments. They also lack technical knowledge of various course area covered.Strong Technical knowledge is the key to success in these exams.These exams are evaluated on the basis of around 75 % MCQ and 25 % on one small case analysis. Exam is of 4 hour duration and as such students are required to do one multiple in about 2.5 minute and case analysis in 60 minutes.

I have seen many students could not get success in the last session on account of time constraint. They took more time in MCQ and as such could not allot enough time for case analysis. I provide following very successful strategy to pass these exams

1. Right from today, review your technical stuff of related course area along with your assignment work.

Financial Accounting and Management Accounting are the two major courses in both Core 1 and Core 2 respectively. Allot more time on it.
Learn the correct format of writing case analysis. Ensure that you read, understand and prepare the outline for case in 20 to 25 minutes. I have seen students normally are taking more time in the same and then lack confidence in writing the case effectively. Do the practices till you cannot achieve this.

Daily try to do some MCQ for the course area you have studied
In the exam, preferably first write the case in 60 minutes and then try for MCQ. This strategy is more successful to pass both theses exam.

Those who could not get success should consult experiences tutor for guidance and training. Repeated failure will increase frustration and you have only 3 attempt to get through
Those who have challenge exam, can also approach experienced tutor for guidance and training.

Students, who lack confidence in technical course area, can take my lectures online or at in person at Brampton location.For practice in MCQ, exclusive book is available for Core 1 & Core 2 at a cost of $ 165 plus 5 % tax for Core1 and $150 for Core 2, delivery free.

For any further question visit my web site www.beyond.coach or send email at tutor.pa1.pa2@gmail.com

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CPA CFE September 2018

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CPA Canada Common Final Exam 2018

CPA Canada Common Final Exam 2018 consists of…

  • Capstone 1
  • Capstone 2
  • Common final exam

(a)  Day 1   (b)  Day 2   (c)  Day 3

Capstone 1:

  • A group assignment among 6-7 students
  • A case analysis of around 45-50 pages
  • Individually need to present with markers
  • The case is related to day 1 final exam
  • All students mostly get through in this work

Capstone 2:

  • A group assignment among 6-7 students
  • A case analysis of around 45-50 pages, role base
  • Individually need to submit the reply
  • The case is related to day 2 final exam
  • Student should select his role from Performance Management, Finance, Audit and Taxation in advance
  • Mostly all students pass this module

Day 1:

  • one case analysis of 4 hour duration (about 50 pages) based on enabling competencies related with ethics , problem solving, leadership and communication skill.
  • This is an extension of Capstone 1 case with different scenario. The focus is not on technical competencies but ethics, big picture and problem solving.
  • Answer should be based on a) situation analysis b) analysis of major issues c) conclusion and advise d) effective communication with holistic approach ( i.e. from all aspects)
  • Student need to separately pass this exam
  • Grade is either pass or fail

Day 2:

  • one case analysis of 5 hour duration (about 50 pages) based on technical competencies related with financial accounting, management accounting, and chosen role
  • Answer should be depth in financial or management accounting and in selected role
  • Grade will be for each issue, a) not address b) Just identify c) reaching competent d) competent e) competent with distinction
  • Day 2 will be graded combine with day 3

Day 3:

  • Three case analysis of total 4 hour duration based on technical and enabling competencies
  • Answer should be depth in financial or management accounting
  • Answer should be integrated with breath of other courses like taxation, audit, strategy and governance
  • Grade will be for each issue, a) not address b) Just identify c) reaching competent d) competent e) competent with distinction
  • Day 3 will be graded combine with day 2

Day 2 & 3:

To pass day 2 & 3, student should write answer with

  • Sufficient with aggregate all issues….Level 1
  • Depth in MA or FR ……Level 2
  • Depth of issue in selected role…Level 3
  • Breath of issues …..Level 4

Students must reply satisfying all 4 level in all major issues

Passing grade /limit will be decided for each exam by CPA Exam Board

Students should be familiar with all technical course are to pass this exam.

  • Financial Accounting
  • Management Accounting
  • Finance and Financial Planning
  • Taxation
  • Audit
  • Strategy & governance

Students also should have mastery and expertise knowledge in preparation of financial statements for all legal entities in Canada like Private , Public , Not for Profit corporation and Government.

Students will be provided with two booklets, one for case exam and other for rough work.  Students will also get CPA Canada HB and Income tax act (valid up to Dec 31 2017) PDF version.

To pass this exam, student should have a through technical knowledge along with applicability of related accounting standard in the final exam.

Exam questions are little complicated and  students should remain very careful about what exactly is the requirement.

CPA want a reasonable professional judgement  which student should have under normal circumstances. Speed and accuracy are equally important. Time constraint will be observed by the students particularly in Day 3.

To pass this exam at first attempt, students should know the techniques of writing this exam. They need proper guidance to approach this exam with some practice and feedback for improvement from a expert tutor.

Professionally qualified students from India & Pakistan in particular, need some more efforts to understand Canadian taxation law and accounting standard.

If you require expert guidance and coaching, contact www.beyond.coach.

Tutor Paresh Desai CPA-CGA, CMA(USA) FCMA(INDIA) …..he has also published exclusive book CFE Technical Guide 2018…his cell no 6475056648

 

 

 

 

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