Tag Archives: CPA CFE

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CPA CFE September 2021/Strategies to pass at first attempt

Strategies to pass CPA CFE September 2021

Exam dates are now approaching fast. Economic situation at Canada is still not favorable. Stress is building on with many students. Many students were thinking where to start. Friends and some of advisers may tell you to write cases first.

Should you start cases now? Answers is very simple, No. You might have learnt that secret of passing this last exam is writing so many cases. However, you have been misguided.

It is preferable first to start reviewing all technical knowledge. First start with Financial Reporting, as it is lengthy and difficult. Focus on most tested competencies in the past exam. Try to make practice to read, understand and techniques to write effectively. Prepare your own notes if possible.

Many students are finding difficulties in Management Accounting as well. Try to focus more on CVP analysis, relevant costing, marginal costing, and contribution. Focus on quantitative and qualitative analysis to solve strategic issues. Examine how strong you are in preparation of a financial viability report. This will be tested in Day 1 exam. Look and practice PV calculations etc.

Examine in detail about assessment of your exam for Day 1 & Day 2 & 3. Many students find shortage of time to finish the exam particularly for Day 1 and Day 3, mainly on account of lac of technical knowledge and techniques of writing the exam. Professional approach, use of quick and correct judgement based on your analysis are keys to success in the exam. I have learnt that use of split screen seems useful in the exam to write and understand quickly. You may try to have practice of doing same if it saves your time.

Indian and Pakistan CA, who have granted exemption in all prior courses, should take help of well experienced tutor as case analysis and taxation are totally new to them.

If anyone is interested in coaching/training, please contact me immediately at tutor.pa1.pa2@gmail.com, website www.beyond.coach, seats are limited due to rush on account of Covaid 19.

 

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Paresh Desai__1 - Copy

CPA CFE 2020 /CPA Common Final Exam 2020 Canada

 CPA CFE (COMMON FINAL EXAM) 2020

CPA Common Final Exam Sept 2020 is approaching fast. 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. Result of Sept 2019 was very good at BACS. Even all repeat writers also went through.

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 exam. Particularly CA students visiting Canada from India and Pakistan are struggling hard on account of Taxation and Case writing approach. 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. I provide below some useful trips for new and for repeat writers.

 The most preferable approach is to read, understand and prepare outline in 30 % of available time for each case.

  • Take professional training for technical and case writing strategies directly from well experienced CPA rather than ordinary markers
  • Thoroughly review all financial statements and its contents along with notes to the Balance Sheet for Public, Private and Not for Profit Corporation.
  • Write and get marked three cases for each day with professional marker. Do the repetitive practice for many such cases, find your weakness and improve your thinking.

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 published CFE Technical Guide Fifth Edition 2020 at a cost of $ 160. The book covers 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.

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. All repeat writers are also most welcome.

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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