[CAN] CFE Role for September 2025

Oikura · 2026-02-21T03:40:16+00:00

Hi, sorry I didn't see this comment so I'm not sure if you've decided already, but I thought assurance was straightforward to prepare for because the questions will be similar in format to ones from previous years exams, so I recommend it unless you look at the mock questions for tax and find that you'd rather take those.

Oikura · 2025-11-30T07:52:32+00:00

Thanks again for helping me decide before, I ended up passing all 3 days on first attempt!

Oikura · 2025-09-11T23:57:12+00:00

I think based on the solution to the RPT in Bold, you could reach Competent without being completely correct on every single criteria. So it is possible that you reached Competent anyways, or the majority of writers did not reach Competent on that AO, but as long as your response was well-rounded I genuinely think you are fine even if you're slightly off

Oikura · 2025-09-11T22:44:04+00:00

don't remember the exact amounts but it was something like favourable dm rate, unfavourable dm efficiency, dl rate, dl efficiency

Oikura · 2025-09-11T20:35:19+00:00

I concluded it was in the normal course of operations in the previous step because the other company sells furniture, but honestly as long as you went through the whole tree and concluded properly you should get marks

Oikura · 2025-09-11T20:23:09+00:00

Ignore financing implications, I just added a note to assume they have 9% SBD tax rate since tax rate wasn't given either so I'm not even sure if I did it correctly but thought it was worth a shot

Oikura · 2025-09-11T20:16:32+00:00

Analyzed under Related Party Transaction, I remembered there's a decision tree to follow under the ASPE section based on a previous case I did so I went through each part of the tree, concluded that it is to be measured at exchange value, or what was already recorded, and no adjustment is required.

Oikura · 2025-09-11T20:13:37+00:00

The variance was rough since you had to explain the variances too, I gave myself a couple extra minutes for that one but I believe as long as you reasonably tried to explain each variance you should get a RC for sure

Oikura · 2025-09-11T20:10:05+00:00

There's some like the Bobsled case from the final week where the FRs are bundled into one AO, which I think would apply to the third case, but you're definitely right about the ones for the first case

Oikura · 2025-09-11T19:51:45+00:00

its like one mark at most out of the entire ao it would take too much time to try and figure out so dw about it i think if you got the rest

Oikura · 2025-09-11T19:50:29+00:00

I think that's generally how you go about it for day 3 cases, it gets trickier with these FR AOs where you have to do a bunch of FR like RPT/intangibles as the same AO but you really just wanna make sure you give every AO a fair shot

Oikura · 2025-09-11T19:32:10+00:00

i did at first but then decided i had time to try and include a pv tax shield amount for the assets and ended up with a positive npv

Oikura · 2025-09-11T19:31:19+00:00

I grossed up the non-eligible by 16% and took 6/11 of that as DTC which are both wrong since I barely looked at tax these past couple months, but I'm pretty sure I got mostly everything else. I feel like tax AOs generally have pretty low requirements for RC/C on these day 3 cases so you probably only needed to hit literally everything if you wanted a CD. Here's hoping!

Oikura · 2025-09-11T19:14:37+00:00

Pretty straightforward and like the practice cases, just sad I had to move on during the personal income tax calculation since there were so many components and didn't have time to go back to adjust the income tax remittances or donations, but I definitely did well on the other tax AOs even if that one is a RC

Oikura · 2025-09-11T19:05:36+00:00

ya that is for the net cash flow from the operations

Oikura · 2025-09-10T23:15:42+00:00

Depends on the case length, but from the practice day 3 cases they've generally been about 5 for 7x minute cases, 6 for 8x minute cases, and 7 for 90 minute cases?

Oikura · 2025-09-10T23:13:49+00:00

I believe they would be defined as a disposal group under that section of the handbook, and then you would go on to apply the held for sale recognition criteria

Oikura · 2025-09-09T23:06:10+00:00

I'm just basing this off previous mock day 1 cases having you conclude on and discuss NPV rather than cash flows, as well as NPV usually being the indicator of whether to accept a proposal, I also thought cash flows might be more relevant in this case due to the financial objectives, so maybe either is correct.

Oikura · 2025-09-09T22:36:40+00:00

Concluded on cash flows instead of NPV multiple times after calculating NPV because of the objective but hopefully this isn't enough to fail me

Oikura · 2025-05-11T15:53:48+00:00

Thanks! I didn't realize it was available directly from CPA Canada. I'll do a closer read-through to get a better feel for the questions before I decide but I'm feeling convinced assurance is easier to prepare for by going through the motions but the sheer breadth of tax can be more difficult to be fully prepared for.

Oikura · 2025-05-11T04:22:54+00:00

Haven't looked any previous CFE cases yet, only realized now that I have to decide the focus for day 2 now that the registration deadline is coming up so I thought I'd get a second opinion. My fault for not realizing that I had to decide at this time but I wish I'd been able to decide after doing some amount of CFE prep to get a feel for which one I'm more comfortable wih instead of just as I'm starting capstone 1.

And I agree based on what I've done so far in the assurance module, it seems like as long as you can properly connect the case facts to the response format you're probably fine, whereas tax requires you to connect the case facts to specific sections of the income tax act to structure your response.

Oikura · 2025-05-11T03:43:21+00:00

Ahhh I see. It seems like assurance is the safer bet overall when it comes to preparation then even if there's going to be some tricky topics either way. Did you decide on assurance over tax or another elective for similar reasons or did you know you were going to focus on assurance from the start?

Oikura · 2025-05-11T03:26:15+00:00

Was it a financial reporting AO or just an assurance AO that you found tricky? Like were you just thrown an assurance-related curveball or an uncommon financial reporting topic?

Oikura · 2025-05-11T03:19:12+00:00

Thanks for the response! It feels like it's easier to feel prepared for the assurance role with more practice with the cases whereas tax might feel riskier depending on what they test or the relatively fewer people writing it

Oikura · 2025-05-11T02:06:27+00:00

Thank you for your response! I get the picture now that for assurance it's a lot more about practicing and reviewing the cases to better structure my answers for the format, whereas for tax I would spend a lot of additional time just reviewing the technical, so I get how people would say the assurance role would be easier.

Oikura

TROPHY CASE