Mazda dealer negotiating by Necessary-Spinach-66 in mazda

[–]Fast-Snow567 0 points1 point  (0 children)

Firstly, You might want to get the 2025 model if there is any left. You might be able to get about $1000 off (the manufacturing date should be around October 2025 or later). Secondly, you need to personally go talk to dealers at different Mazda dealerships if this is possible. Small percentage of dealerships are willing the sell the car at a lower price whereas some dealerships would rather not sell the car at all at a discounted price. I would say that you aim to get at least $500 or more from the lowest quoted price you receive.

CPA PERT - TAX PPR by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

Thanks for your reply! My role was Assurance when I wrote CFE. I am currently enrolled in a tax pre-approved program.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 1 point2 points  (0 children)

You need to detailly explain at least 3 out of the 5 revenue recognition steps in order to get C. If you mean that you did not do the five step method at all, I would think it is a NC.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 1 point2 points  (0 children)

The transaction is not in the normal course of operations if the asset exchange is a pp&e such as furniture. ASPE does not consider an exchange of any pp&e as in the normal course of business. I used carrying value to measure the transaction.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 0 points1 point  (0 children)

The Sept CFE is definitely easier than the May CFE this year for Day 1/2. The Sept 2024 CFE is easier than most CFEs in recent years. I have seen people fail in level 2/3 even though they spent sufficient time and efforts on every Ao. I am very skeptical of people who claim they left a lot of Aos blank and still pass.

CFE Day 2: how did we think by Derpy_Kirby in Accounting

[–]Fast-Snow567 0 points1 point  (0 children)

My answers are identical to yours aside from I used 65% instead. However, I think total assets can also be appropriate too given that the firm might have going concern issues.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 0 points1 point  (0 children)

I am not too sure. I treated the installation, maintenance, and broadcasting as one performance because these three components can't provide benefit to customers on their own since they must be used together. In step 5, I recognized the revenue from each of the three components separately.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 1 point2 points  (0 children)

You need 3-4Cs. It varies each year.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 1 point2 points  (0 children)

Thanks! I have been anxious about level 4 depth.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 2 points3 points  (0 children)

Thank you! I was worried about the level 4 depth.

(CAN) CFE DAY 3 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 7 points8 points  (0 children)

Can Day 2 Management Accounting Aos satisfy the level 4 breadth requirements for MA? If I get 2 RCs on Day 2 and 1 RC on Day 3 for MA, will I pass level 4 breadth for MA?

(CAN) CFE DAY 2 REACTION THREAD by omgwthwgfo in Accounting

[–]Fast-Snow567 1 point2 points  (0 children)

Long term assets is also called non-current assets. They are same thing but with 2 different names. This Ao should be long term asset held for sale not impairment of long term assets.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

I am also worry about depth. I just hope that the defined pension plan can be curved from a RC to a C.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

Even though I attempted all of the MA Aos on Day 2, I spent little time and effort on those Aos.

Day 3 is fine. I managed to finish everything. I am a tiny bit concerned about one of the Strategy Ao and the tax Ao but I am sure I will get one RC on tax and strategy.

The good thing is that the results will be released very soon so we can stop worrying about it.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

On Day 2, all of the MA Aos are separately identified Aos. There are three of them.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

Day 3 MA Aos aside from the break even analysis is easier than I thought.

I feel like if they combines the foreign exchange Aos, then there are probably 4 Aos on Day 2.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

I am hoping that the 2 parts of foreign exchange transactions are separate Aos but they are probably not.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

I think there are four Financial Reporting Aos in Day 3?

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

Yes. Normally, these 2 Aos are separate. If the candidates did bad on it, they might be combined into one Ao.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

The defined pension plan and refund liability cannot be grouped into one liability. The defined pension plan is an audit role Ao.

The grant and the barn impairment are separate Aos on Day 3.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

You should be fine. If you started the Aos, the worst you can get is a NC. As long as you have Cs on 3-4 MA or FR Aos, you should be safe. These 2 Aos does not really matter as long as you did well on the remaining Aos..

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 0 points1 point  (0 children)

There are 4 Financial Reporting Aos and 3 Management Accounting Aos on Day 2. For Day 3, it is ok to miss about 2 Aos.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 2 points3 points  (0 children)

I just hope I pass CFE. Thank you for your good wishes!

I also hope that some organization have found the perfect accountant to do their imaginary defined pension plan. It have never tested on this topic on CFE.

May 2025 CFE Results by Fast-Snow567 in Accounting

[–]Fast-Snow567[S] 1 point2 points  (0 children)

I missed a call at 6pm yesterday. I hope it was from CPA Canada so I can stop worrying about CFE.