Cfe reddit accounting. Once you get the hang of case writing.

As long as you attempted every issue, or most of them, and you used the CPA answer format, you will pass. There has now been 4 years of CFE day 2s (5 CFEs) available, coupled with all the PASS/Densmore Day 2 cases such as Cocoa Chocolate, Dash Computing and all that, there are way too many day 2 cases for you to practice tax. That's something a lot of members have been telling CPA. Most people on Reddit will be like this test is easy but they don’t know what the new test is like. Many Honours people are MAcc/Grad programs so it's not very accurate for you to ask for 2nd half of Capstone 2 results, since MAcc's RC is pretty much like CPA's C, while MAcc's C is Remember that the CFE doesn't represent your worth in your job. The CFE, like most tests, is a game. com In short, you'll never have enough time in the world to study every technical piece of accounting standard, CAS, tax legislatureetc. So CFE season is here. I took the week before and the week of the CFE off and did nothing but study during that time. So don't stress about it too much because you still have about ten days or so (unless they changed dates, I'm not sure). I don’t know how I passed all the other subjects with only 5 days of… Technically, I didn't find it too bad. I've been in the accounting field 10 years now total. It does make you doubt yourself. Take that as a learning opportunity, because that’s what you’re gonna be doing during the CFE except no days off inbetween. it's great when you take pride in sharing information with your legal team/others that gets everyone What is a Certified Fraud Examiner (CFE)? Do other entities offer the CFE credential? Who sets the standards for CFE certification? Is the CFE credential acknowledged globally? How do I know if I am eligible to become a CFE? How can I prepare for the CFE Exam? I already hold other certifications. I used to drink lots of coffee leadimg up to cfe so that helped disturb my sleep and id pften be up early. CPA doesn't really post the thresholds for passing Day 1 but based on the past CFE's you need to get a "Yes" on at least 2-3 strategic issues, overall conclusion, and communication, and you must get at least a "Partial" in all the remaining AO's. I got 9 days off work to study for my CFE and I still managed to pull it off. They instead tested IFRS 15 which I was weaker at. I know at the beginning of capstone 2, I felt like I will never be ready. Primarily for accountants and aspiring accountants to learn about and discuss their career choice… The CFE is hard in that guessing a number between 1 and 10 is hard - you need to get into the examiner's head and try to guess what they want you to write, which becomes easier with the more feedback you get. When writing cap 2 cases, I would always make note of the topics that came up where I was lacking knowledge. My question to people who have written core and elective exams since 2019 CFE, what laptops are they offering you? If you can get a lot of Cs in Cap 2, you’re in pretty good shape. Day 1: As most of you could remember, there were two strategic decisions at the beginning of the case: 1. Their cases are harder and more rigorous, so your CFE case writing gets to a higher level (I worked for a firm that had a rigorous mentoring and CFE prep program where we had Densmore provide mentoring training, extra marking, etc. I've heard nothing but good things from my network about Densmore, save for how the material could be overwhelming because they provide so much. In fact, being stupid and lazy can work to your advantage in the CFE because you're less likely to look for 'issues'. Money is great but it gets old fast. Any advice on how to succeed on Finance role in Day 2 CFE is greatly appreciated. it is not a different prep course, it is just discounted for students. put in the work. For the CFE most of the continuing education (if not all) will overlap as well. If you are serious about internal audit, get your CIA and CISA. Discussion. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. Since ALL accounting experiences count for PERT (as it should be, it makes no sense that only PA hours count), many qualified students go directly to industry rotational programs, so big 4 quality is going down along with benefits/pay. Just a few points: You need 2 years of relevant experience to become a CFE vs 1 year in most states for CPA. That is exactly where I was this time last year. Hey everyone, I'm writing the CFE this September but I'm having constant panic attacks whenever I try to study. My weekend before the CFE was half assedly debriefing 3 cases while watching the Batman movies (How good is The Dark Knight???). Failing the CFE was the first time I have ever failed anything in my life. The B4 office I used to work at, everyone passed. Pretty much anyone that wants to get through it will be able to. When I did the Sept 2020 CFE, I remember encountering some gnarly FR topics like convertible debt (Which I encountered at work post-cfe and found it wasn't too bad), stock options/appreciation rights, acquisition accounting) that I had no idea/prior experience (Aside from little studying for these seemingly unlikely topics) on. Make a plan. Take a look at the ebook that they have made available in the resources. (Also, this is the study framework for someone looking to pass the CFE - not to make the honour roll. 1 Accounting treatment for Taxi Licenses - I thought we needed to explicitly state it as an intangible asset 2 Testing taxi licenses for impairment (Ride sharing industry reducing the resale value was the “event” I mentioned) - also wouldn’t be surprised if these were combined into one AO. People put way too much stock in all the CFE guides and listening to what other people are doing. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. I'd say you just need to get into it. tell yourself that the CFE is overrated. Finally, it's important to remember CFE pass rate has gone down quite a lot since 2015. To be honest, I got a 90% on my first time taking the practice test. You may have a management accounting type Common required as well. All of it in the ebook, the ITA, the accounting handbooks and the assurance standards. This isn't really how the CFE works. I figured we can create a thread for everyone to ask questions about CFE and share their tips/experiences, or simply share how you feel. I work in industry, but chose Assurance as my elective, since I wanted to have the option to work in Public Accounting if I later choose to do so. I completed the 2019 CFE with a Pass in all areas. Took the day before the CFE off and relaxed. A couple hundred bucks a year to alphabet soup my name? Sure why not. As far as old CFEs go, I would recommend doing them all, from 2015 to 2020. Plz let me know If you guys need anything. I don’t think I’ve ever felt so defeated in my life - especially because I work at a Big 4 and all of my close friends passed. You must be an Associate Member of the Association of Certified Fraud Examiners (ACFE) to take the CFE Exam and earn the CFE credential. The board report shows the results for level 3 - elective depth too. However, from Core 1 to Capstone 2, essentially they are preparing you for the CFE, because the CFE is about learning the CPA way and answering the questions in the professional manner they teach you, and while you need technical knowledge, the answers you give aren't all that important as long as they're supported by your analysis. Don't burn yourself out by studying 10 hours every day until the exam. If you write cases like they do, you'll do fine on the CFE. if there are 7 AOs, you need at least 4 "C"? Yes, I know this is usually a rule of thumb but I want to do a 'test mark' to see if I would have passed the CFE with practice cases I am doing. Try to relax. I did really well by first year making, paid for a kitchen remodel and some other things. I know you feel bad and disapointed. Most people who take time off to study for the CFE are usually financing it out of their own pocket, either with saved PTO or just taking unpaid time off. Exam nerves do impact things and seeing those surprise “oh $&@%!😱” AOs (the out-of-left-field ones) can throw people off their game, but if it’s throwing you off your game, it probably is to a lot of other people. Wrote the Sept 2021 CFE, so hope I can give some help. 459K subscribers in the Accounting community. Anyone writing CPA CFE Sep 2020 would like to start discussion on exam preparation. There are just way too many topics but that doesn’t mean you can’t get a general idea of all of them before you go in. Left 2 FR completely blank and did a very basic calculation for the Victoria store and the giftware line. You understand what is relevant via the practice cases. I just finished my university’s GCPA program and we’re on our own to study. The CFE day 3 cases would be similar, sort of, to the mod exams, just with all topics instead of only two (ex: tax and finance). Which is not suprising, they hire a lot of smart people and provide them access to paid CFE material (Densmore, PASS etc. Lol The #1 social media platform for MCAT advice. I think its easy to burn out on studying. CFE 2019 writer here. it is called the student package, however to avail it, you will have to show some proof that you are currently enrolled in a fulltime course. The CFE designation is designed not just for accountants but also for investigators with much less accounting knowledge. I got my lucky 4th chance because the 2019 didn't count. No one is fully prepared heading into the CFE. Primarily for accountants and aspiring accountants to learn about and discuss… May 17, 2024 · Certified fraud examiners discover and prevent fraudulent activity. Jun 2, 2024 · Gevorg Grigoryan reviews all three days of the May 2024 Common Final Examination for aspiring chartered professional accountants in the CPA PEP program. I am diagnosed ADHD and have a lifetime of multitasking / running a couple thoughts simultaneously. One week to CFE- I debriefed (2nd debrief) the notes that I made from Densmore and Capstone 2 cases. The #1 social media platform for MCAT advice. Thanks The technical you see in Cap 2 cases is NOT enough technical for the CFE. . The levels represent a threshold to demonstrate competency in the entire day 2 and 3 cases. The resources I am using are the Densmore CFE notes (I don't like these for FR because they're too condensed), CPA Ontario FR e-book, and I recently signed up for the Densmore Experienced Writers online course which includes videos for some of the recent FR standards. They always throw a curveball at you (EPS for me), but it wasn't too hard to get through technically. But PEP pass rates should be lowered indeed. Some context: This is my second time writing the CFE. I took Capstone 2 the first time I wrote it and just purchased the materials the second and third time. Primarily for accountants and aspiring accountants to learn about and discuss their career choice… Open menu Open navigation Go to Reddit Home As for weekends, I remember the schedule allotted for a mock CFE which ran through the weekend, but had time off during the week. g. If I'm being honest I am in a bit of a shock because I felt the most confident on day 1. 13 votes, 17 comments. I have all four (CPA, CIA, CISA, CFE). CFE result is 77%, so if you do what is asked to do, you'll pass. To keep a semi-regular paycheque, we used vacation, and our office also gave us time in lieu for overtime in excess of 100 hours. We would like to show you a description here but the site won’t allow us. Hi, Just a quick note here I was getting RCs also The comment from the marking center was that I need to include definition and recognition in my analysis so for example, if you are asked about how to treat a related party transaction you need to first define what is, and then state how it be recognized . I looked on Reddit for comments almost every day until the results. Or maybe drink a ton of water I failed the CFE multiple times but eventually passed on my last attempt! Congrats on stepping up to write the exam. Our big 3-day exam for the CPA is called the Common Final Exam, CFE, and results come out twice a year in November/December for the September CFE, and in August I passed September 2020 CFE, wrote reports and submitted for a CPA review on July 13, 2021. ). For industry, you're generally relying on your owned saved vacation, so them offering to match a week is a bonus. Would highly appreciate any tps! It will touch RAMP. Hey! so gave my exam last month and cleared it. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. And the rest of us just nod along. The CFE is perhaps one of the hardest Exam I The Capstone 2 is designed to be hard so that you are well prepared for the CFE. And then when I did it again, I was getting constant 95s. Were you able to take any time off from work? I actually felt like preparing for the CFE and learning financial reporting in great detail made me a better accountant. Cumulatively (based on the year I was in), you had a 53% of passing all the exams on the first try. Have a study schedule and put it to use. Both both of those, I had a high level understanding. 3 days to CFE- reviewed the CPA flash cards on Friday Saturday & Sunday- reviewed all the day 1 cases from capstone 2 and Densmore Monday - wrote day 1 CFE exam CPA Canada CFE - September 2020 - Pass Rate anyone? So, belated congratulations to the 6,371 who passed! I'm just curious as to how many people wrote the exam in the first place. Primarily for accountants and aspiring accountants to learn about and discuss their career choice… This is the unofficial subreddit for all things concerning the International Baccalaureate, an academic credential accorded to secondary students from around the world after two vigorous years of study, culminating in challenging exams. Maybe averaged 30 hours studying per week. Really started specializing two years ago when I noticed doing repetitious things were boring and the entire legal/accounting field felt the same . We know this has been an anxious time as you await your results. positions are contract positions where the CPA pays you a base rate and that's it. I am willing to share at fraction of price. Honestly we passed CFE but only got to know how to be resilient and had a ROUGH waiting period from the day wrote to result release. It looks like you can self study with the Fraud Examiners Manual (way cheaper), but the manual is 2,000 pages and could be easy to get lost in. They just wing it. The cumulative first-try pass rate in the US CPA exams is like 3% or something. I haven't read the 2019 report (I should), but sounds like IFRS 9 is the only big topic that haven't been fully tested yet. Hey everyone, I’m so anxious after seeing all these comments…lol, I thought the two issues at the beginning of the case are the operational issues ( diversify revenue, and whether accept the long term contract for oversea market). I am writing this post for all the unsuccessful writers. I’m an expert at interpreting a failed cfe result. CIA is more valuable. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. I didn’t pass CFE Day 2 (Tax) last year so I’m rewriting Day 2 & 3 switching to Finance elective. Your failure has little to do with any lack of knowledge of accounting fundamentals, and everything to do with not following the format that is expected. The pass rate is like 95%+ for Big 4 and national firms. r/Accounting That being said, Capstone 1 is a group project where it connects directly to Day 1 of your CFE (it's based on the same story), Capstone 2 is an exam preparation course where you get prior cases from CPA Canada so you can practice your exam writing skills for CFE and CPA Canada will provide you feedback. You need to study what is relevant. Here's how it works when CPA mark day 2 and 3: Level 1 - Sufficiency: Enough RCs or Cs in all competencies for day 2 and 3 of CFE As you know, the CFE is marked on a curve. Well now it's making more sense, the 2018 CFE that CPA posted has been edited, the wording in the cases was changed to make it more clear. I didn’t have any professional support as I didn’t work in accounting or financial management areas. After failing the CFE Day 1 last year, I did the following: Read the posts here regarding CFE Day 1; Spent at least 15 minutes a day for more than 6 months to improve my typing speed; Registered and studied according to the Densmore online Day 1 course; Practiced all the past CFE Day 1 cases; and so I failed the CFE 2019. 39 votes, 41 comments. If you failed Day 1, twice, then you must not understand the expectation of the markers. Help your fellow Redditors crack the electrical code. 409K subscribers in the Accounting community. Day 2 is a different beast with your specific role and either FR or Managerial focus. The hard part is time management. But passed Day 2&3 the first try. And I do agree that you should order the PER if you have a chance, it is so important to know your areas of weakness. Then there is a specific role section where you focus on issues for your area. but at the end, its pass or fail. I failed my first year because I did not fully understand what the markers were looking for. I was at a small PA firm, so like industry, I had to use my vacation days. The break was unpaid, save for a few days of training put on by the firm, two paid study days during CFE week, and the 3 CFE days were also paid. I’m stressed because the CFE is coming up in like 5 weeks and I feel like my FR knowledge is complete garbage. I just used the materials provided by CPA - practice cases, CPA Handbook, and the CPA learning eBook. I did my CFE in 2018 and I was so angry when IFRS 9 wasn't on (since I studied so much and became an expert in it). How much time did you take off (including CFE week) and how did you choose your study schedule? I am having a lot of trouble deciding between the Capstone 2 study plan and Densmore. I am struggling to see any other outcome. Not only does the study process help you plan and execute these kinds of audits (as IT, compliance/operational audits are different from financial audits), but it will help you stand out when applying for jobs. Join the ACFE The ACFE is a diverse, active, global community of professionals who share a passion for preventing, finding and fighting fraud in all forms. ? Any previous writers can also suggest… thanks for updating me on the CFE. I am due to write the CFE in September 2022. Making the exam less accessible to candidates doesn't make CPA more prestigious, nor do they benefit the current membership. There are people that do this as their only source of income between CFE, modules, and other PEP/PREP related fees. Hey don’t feel discouraged! We still have coiple months until the result’s out. Hi there, I just wrote the CFE last year and I am not in your area but I am willing to support you online! PM me and we can chat. My role is PM). There is no specific "level 2" or "level 4" sections of the exam. It will have F/R at some level. I also wrote the CFE today and just read your posts. Day 3 is going to kill you, time wise. I'm interested in obtaining my CFE but the only prep course I can seem to find is through the ACFE for $750. I got a raise for it, and reused somebody else's study materials. Today's demand for certified professional coders (CPCs) is growing as many jobs in the coding and billing field now require certification. I do know a lot of people working in accounting without a CPA and there are a lot of different certification you can get for accounting, eg CIA etc First, I passed 2019 CFE at the first attempt (day 2& day 3. Not because of the reasons you mentioned, but I think having PEP modules pass rate at 90% yet having CFE pass rate at 75% is not reflective of CFE. I practiced a few technicals with these that I wouldn't have practiced otherwise, but I firmly believe that you don't need to do any of them to pass the CFE. Certified Fraud Examiners (CFEs) need to stay current in the profession by completing Continuing Professional Education (CPE). May 2020 writer here - who just submitted time-off for 5 weeks (this includes the week of the CFE). This was actually a recurring nightmare for me beforr the CFE and i actually still have this nightmare on occassion2 years after writing and after having my lettere lol. Many physicians, mid-level providers, practice managers, administrators, billers and front desk staff members have questions about coding. 553K subscribers in the Accounting community. I see a lot of people sharing their thoughts and experiences during this final month of preparationfor the nerve-wrecking Common Final Examination. CFE is a one time deal pass or fail, as you know we humans when put in particular situations can act differently (stress, fear, etc) Passing CFE is a must to become a CPA , but it's not our career it's a short term step building a career is a lifetime. The odds are ever in your favour. passed all financial reporting & management accounting. All CFE/CPA PEP, etc. The difference between PM and management accounting is akin to the difference between Core 2 and the PM module, so you should see different topics. CPA is far more valuable. I’m probably going to take the CMA/CFE eventually. Feel free to message me if you want some words of encouragement or don’t make it over the line. I only use pension accounting because no one knows pension accounting. Hi guys!!! I’m unable to work through this anxiety of results… I wasn’t able to attend 2MA AOs on day 2 and 3 but the remaining ones I wrote something and concluded Also for day 1 I wasn’t able to finish one quant and rushed through conclusions. I wish that they could release the results sooner, but all we can do right now is remember no one came out feeling like they did everything right and pat I’m writing this post for all those who were unsuccessful yesterday. And to make matters worse, I failed and my best friend passed. It's just an admin decision as it's more efficient to administer with the growing candidates writing the CFE. Stop. Last year I took 5 weeks off including CFE week, study 7-5 each weekday and off the weekend. That’s the only way through this. Note all the different topics - all of this is fair game on the CFE. You will need discipline to grind out a solid 3 hours of study (and I mean active study) on weekdays practicing cases/debriefing and putting in a solid 5 hours Sat and Sun. Due to my IBS, when i had an exam that day, the day before i'd make sure my tank was empty, take some imodium (don't take more than 4 or you'll shit out asshole expanding bricks later in the week and THERE WILL BE BLOOD, like the movie, except noone will drink your milkshake), and survive only on things that cannot make me sick, like McDonalds Chicken Nuggets and fries (deep fried, nothing See full list on jenthinks. You will get there so don’t give up. And the whole point of PEP is to mimic CFE. So there are no deductions or withholdings, and you're 100% responsible as the contractor to determine what you'll need to set aside to pay for taxes. No one said "oh that was easy" after the CFE, especially for 2018. Don't limit yourself to 9-3 each day. This was my worst fear - that my exam didn't upload properly and I would fail because of that. However, Day 3 issues, If AOs UNATTEMPTED, related to our roles (Assurance) will have UNFAVOURABLE impact role Day 2 depth thats Level 3 (role) And level 1, level 4 (67% of RC/C of total AOs). Monday was the 3rd 2018 day 3 case. Writing CFE September 2022 and started studying 5-6 hours each day mid-july (including case writing time and debriefing). So I failed day 1 of the CFE, passed day 2 & 3. All CFE writers, Tax season is coming to an end and Captsones are about to start. If they are removing the extremely low bar of CFE the floodgates are open and accounting is essentially dead(er) in Canada. Offering CFE twice a year doesn't make the CFE easier. I suspect even people DOING pension accounting don't know what they are doing. Even if the result is not good, it’s not the end of the world. And carefully reading the case facts as one sentence or a word can change the entire complexion. I usually don't struggle with time on day 2 but found it extremely challenging today. keep the unprofitable division 2. basically you have to register with them. But I can tell you that even honour roll people feel screwed after the CFE, just like any of us. My situation might be worse than yours as I was the only one that who was studying for CPA designation around the people I know. Failed my first CFE attempt because of Depth in ASR role. I realized there would be two main components to the exam: The knowledge is cool/can be useful. Aside from case writing, any tips or advice on how to sufficiently cover the technical for Canadian CFE? The CPA competency map is hideously overwhelming, I look at Jenn Cartwright's condensed summary and might start there. I just did the 2017 Day 2 CFE and my FRs were absolute dookie lol like I literally was looking at them and I couldn’t figure out what to even write. So keep calm and march on. I started preparing for the September CFE on July 1. , no grades. CFE work is very niche. I wrote the sept2021 cfe and passed. Be it FR or MA videos ( n they are super to the point), Day 1-2-3 exam papers, or technical materials. Well, UFE cases are totally useless in terms of case-writing skills since they were very different from CFE cases. While it's still fresh in my mind, here is how I prepared, for anyone who is interested. We are writing to inform you that the review into the fairness and integrity of the marking process has officially concluded. Just FYI, if you see a bunch of people complaining about how hard the CFE was on this subreddit, the final CPA exam in Canada is also called the CFE. The Densmore prep course helps you better understand how to write cases. As long as you are going back and learning what went wrong and what you could have written better, you will be fine. Honestly I found it more difficult than last year September as a second time writer LOL I don’t know how I did so I guess I have to mentally prepare to write again for the third time I would highly recommend a personal CFE trainer and a program like Densmore. I had 2 weeks off. Is this enough? Part of me feels like I should have done technical review starting back in March but I was advised against it due to possible burnout + work. Can't compare the US CPA program though, as I'm here in Canada. 437K subscribers in the Accounting community. On my first attempt, I had most of the technical knowledge down, but felt that my case writing strategies/techniques, and time management weren't polished enough, so that's what I think resulted in failing; it was a borderline fail (decile 1). Final thing is, there are increasingly pressure from industry (just check this sub), to lower pass rates for CFE/PEP modules. expand the unprofitable division to make the profit. CPA is more highly valued than any other designation in the field is nearly every area of work. The CFE certification signifies expertise, knowledge, and professionalism in high-stakes accounting. The more you prepare, more easy next 2 months till result will be. Due to personal issues, now after 2 years, i am planning to write in Sep 2022. Comes down to I guess experience, it's the type of stuff you'd have seen in core 2, but simplified. I passed day 1, but failed day 2/3 and I was devastated. I think what helped me was exposing myself to as many issues as possible. I have heard day 2 depth In our roles mainly Comes from day 2. I'm trying to be positive and take it day by day but am wondering if any past writers failed day 1 as well and why. Here is the solution to the Public Accounting issue: PAY US MORE MONEY r/Accounting • Triple Your Salary in 5 Years: A Message for Potential Accounting Majors Welcome to /r/Electricians Reddit's International Electrical Worker Community aka The Great Reddit Council of Electricians Talk shop, show off pictures of your work, and ask code related questions. Does this qualify me as a CFE as well? I failed the CFE Day 1 twice, in 2017 and 2018. Yes I wrote the CFE four times and I passed on my 4th attempt. At about the halfway point of Cap 2 you also do kind of like a mock CFE, where within a week you submit a day 1 case, then a couple days later day 2 case, and finally you will submit three day 3 cases on another day. Congrats to all cfe writers. There's no longer as much prestige in Canada working in big 4 or public accounting, especially in audit. It should take 8 to 10 weeks (so the website says) I am still waiting. for example the Day 2 (assurance) case - the part about convertible bonds and employee stock options was mentioned that the CFO reviewed these and were OK, in the edited version that CPA posted it was said that the auditors already reviewed these and said Dear CFE Student, Thank you for your patience following the September 2019 CFE. Fraud is constantly evolving. The trend I usually see is that industry people get whatever they can take off as there is no set CFE leave, whereas mid to large firms have a dedicated CFE leave, which varies between 4-8 weeks off. I know its a little trickier to negotiate time off in industry compared to Public Accounting, but is this typically enough time to feel prepared enough to tackle everything the exam will be throwing at us? We would like to show you a description here but the site won’t allow us. I keep thinking to myself "is there even a point in studying so and so topic it might not even come up on the exam" or "What if I spend my whole summer studying and end up failing right away". Most firms typically have pass rates around in prior years at around 85-90%, industry studentd to to fair worse resulting in the overall 75% rate. Personally I don’t see too much value in it, but some people do. But don't know where to start. I don't support lower CFE pass rates and I don't think it's fair for current candidates. Because of the shitshow that 2019 CFE was I have heard that CPA for all their mod exams have started offering their own laptops now. There is SO much to cover in a short amount of time, that practicin There are day 1 UFE cases that closely mimic day 2 CFE cases, but not really, since UFE was quite different. Seems like for equity offers they're giving multiples (week 3 and densmore, anyway), and you normally want to compare against something like adjusted net assets for a price floor. Did nothing between each days of the exam. When demonstrating copetence in your day 2 role, how many "C" do you need to get to pass? Is a rule of thump to be always like at least 50%; e. Anyone heard or for sure that how many AOs need to get to pass level 3… View community ranking In the Top 1% of largest communities on Reddit [CAN] CFE Day 3 - 2020 - AOs These were the AOs for Day 3 (at least, I think) - feel free to comment. Rarely in your day-to-day will you ever have a time crunch that you can't do the proper research or finish 100% of a job. I have a tons of material for CFE. Some people are slow to catch on and I guess I am one of them. Same boat of feeling awful after finishing them (Day 2 assurance was the worst for me, my audit procedures felt like straight NCs). You have 60 - 90 minutes per case, so that's the same. Don't over studies. I work in industry and I like tax (my electives were Tax & PM in 2017), My Tax elective exam actually has the most Cs compared to all my other exams. Everyone writing this exam has a 4 year university degree. Management accounting is going to be cash flows, break-even calcs, that sort of thing. And their annual renewals are dirt cheap. Spent too much time on MA and FR and I'm praying to God my assurance didn't suffer. I took every Wednesday off work and used that as a study day, in addition to nights and weekends. Totally unrelated Reply reply Holy fuck, I feel for you, OP. The rest was video games and tv. I drilled the layouts of the Day 1 and Day 2 cases to the point where I could type them from muscle memory while reading through the cases, and I'm an overly wordy SOB so I doubt my long-ass responses were any better than yours, assuming you passed! Go enjoy being done and stop checking reddit :) Reply Shoddy-Assumption-45 r/Accounting • CFE Day 3 - incorrect framework used. I wrote 14 pages and had time left over to review and followed the CPA way. Candidates need strong moral character and careful attention to de My CFE coordinator is anticipating it'll come one of these years, probably on Day 3. Now, that is one more thing to be familiar with in an absolute shitty exam. I couldn't do a full consolidation, but I made sure to know some of the smaller adjustments (such as removing interco balances). (Ie. Hi all, I gave my CFE in Sep 2020 and Passed all levels except depth in FR&MA. It looks like for tax last year 4 out of the 7 depth AO’s had +50% get a competent or above. Hey guys, so for CFE Day 2, roughly for you own depth, there will be 8 AOs. Be your own hype person. CFE pass rate is really high too at around 75%, so don't get too worked up. I started reviewing technicals between Capstone 1 ending and capstone 2 starting. What I know: Historically overall CFE pass rate is around 75%. CFE is already pretty bottom of the barrel as far as tests are concerned. I have PASS institute materials. But really 6 years total forensic work. 4 days prior to CFE I did only small study session of 1 hour or 2 max per day. The training is usually more entertaining than other CPE. I'm not sure how much information you provided to CPA when they responded with a generic response, but I would maybe send them something more detailed, outlining your concern that your full submission wasn't graded. I spent way too much time on my assurance role and barely left any time for myself for FR and management accounting. I contacted CPA Alberta to ask for an update a week ago. CFE is not an easy exam. CFE was my first credential out of college, working in audit. Hello Reddit, Was just looking for some advice, support or even just a listen, as I'm not digesting my results of this past CFE sitting too well. I had all the accounting standard notes (summary) print on my office wall. Once you get the hang of case writing. For me it should only be ethics in the exam, then 100% on job training / interview with CPA with more emphasis on Experience reporting. Started in mid july to august/first week of setember Monday 2-3 multi + correction Tuesday 1 global + revision/study from monday Wednesday global correction + revision of my study cards/notes (general tax+normes) Thursday revision/study from the global Friday 1 multi + correction, finish all the study, update my study cards if needed I did at least 5 old ufe during my summer and retakes all Capstone 2 is meant to beat the 'CPA Way' into you. Specifically explaining why you think there is Hello, I will be writing the CFE Sept 2019 and wanted your advice. ,,, I was jumping right to how it should be recorded. CPA has put out some good Day 2 sample cases made up of old UFE stuff, and they were pretty representative of what we saw on last September's CFE for Day 2. Perceived value is still value. It is not forensic accounting focused. When I failed last year (Day 2/3 only), I knew I had a poor approach on both my FR/MA responses and time management. . Hi all, I failed cfe day 2-3 in depth for MA/FR, no decile ranking in May 2023. Not sure how to keep myself motivated for work and not feel like the dumbest person in the office. Currently, I'm working in industry, and my employer is terribly generous and is willing to pay a license for Densmore to help me prepare. hnynl qwmhuat uokw hkv tkhj tgwbfjox ysk syyseqqyc mvvfdl bqsxuwg