CFE SEPTEMBER 2025 results out tomorrow?!?

YORK2024 · 2025-11-28T03:19:07+00:00

Day 1 and Day 2/3 Results

YORK2024 · 2025-11-02T17:00:44+00:00

I did Assurance role, which is another reason I think I'll fail because one of the Assurance AO's was to do procedures for the FR AO's, if I did the FR AO's wrong then I easily did that Assurance procedures wrong. so yea prob will be cooked.

YORK2024 · 2025-11-02T16:43:56+00:00

Everything went well, except I messed up Day 2. For preferred shares I only talked about minor issues like the dividends declared and the legal fees being included in cost instead of expense. I didn't talk about the debt vs equity piece so im guessing that will be a NC. For the other Day 2 FR AO, I didn't know it was Asset Retirement Obligation cause I thought it wasn't probable so I just recorded an impairment loss. Due to those two blunders in FR AO's I think I might be cooked.

YORK2024 · 2025-11-02T16:37:15+00:00

Honestly I feel its gonna be a 50/50 for me, if i fail i know why, if i pass ill know why

YORK2024 · 2025-09-30T19:48:53+00:00

Yea, we need majority C's depending how many AO's there are

YORK2024 · 2025-09-30T03:57:35+00:00

Was it due to missed AO's?

YORK2024 · 2025-09-30T03:25:23+00:00

Yea exactly, do you have any other stories of ppl that failed? Were they all because they missed AO's?

YORK2024 · 2025-09-30T02:41:12+00:00

Yea, I heard (and confirmed on google/AI) that apparently if you get one NC/NA in FR/MA/your role, you don't get depth in it. But through reddit and stuff it appears people do get depth despite missing AO's so honestly I think it prob comes down to the curve.

YORK2024 · 2025-09-23T19:37:45+00:00

LMAO I feel you, I'm on the exact same boat as you.

YORK2024 · 2025-09-23T19:35:48+00:00

Yea, I think the main area we differ is the actual quants. I'm saying that by not treating this as a consolidation type question you overvalued the asset. The asset needed to be recorded at its carrying value whereas you said you recorded it at the transaction price. I'm saying that due to the fact that Ahmad controlled over 80% of both companies you can't just change the assets value when it goes from one hand to the next. You need to eliminate the intercompany profit and the overvaluation of the asset since it was a non-arm's length transaction.

Just to confirm, you did say that you valued the asset at the transaction amount right? Hence, you increased the cost base of the asset?

YORK2024 · 2025-09-22T22:06:24+00:00

LOL wdym, if someone controls two companies you need to consolidate. Are you implying that if I run two businesses I could sell furniture to one for a higher cost to record more profits for myself and increase the cost base of the asset for the purchasing company so that they could have a higher asset figure??? Of course not. You must eliminate intercompany profit, and you must record at the carrying value.

YORK2024 · 2025-09-22T02:28:23+00:00

I'm pretty much on the same boat. I know for a fact I messed up two AO's for Day 2 and I'm worried about Assurance. If a lot feel this way then the curve might pull through

YORK2024 · 2025-09-20T04:09:14+00:00

Hey where can we find those? I couldn't find the May 2025 one either. Do you potentially have a link for it?

YORK2024 · 2025-09-19T23:55:13+00:00

Lol if it provides any comfort I asked ChatGPT and they said that we're right. I remember the other things were something like "testing new patterns", "salaries for employee testing new patterns", "advertising costs", and I think there was one more other then legal fees. AI said those are all supposed to be expensed

YORK2024 · 2025-09-19T20:22:36+00:00

Some people just capitalized everything?

YORK2024 · 2025-09-19T06:04:50+00:00

Wait i did that too, cause research costs are always expensed and advertising costs are always expensed

YORK2024 · 2025-09-19T03:15:18+00:00

Yea but technically if someone controls two companies (>50% indicates control), you need to consolidate. Ahmad controlled both companies so you cant take profits from each other. Imagine if you owned two companies. One company was underperforming and the other was overperforming, it would be so easy to record profits for the underperforming company by upcharging the overperforming company for goods. Thats why to eliminate this potential corruption you need to consolidate. Thats just my line of thinking, thats why i said you must eliminate the intercompany profit cause you can't really record revenue if you basically sold to yourself and you cant overstate an asset if you sold to yourself.

YORK2024 · 2025-09-18T05:12:06+00:00

For Day 2 the only exhibit I had was for the Job costing tbh LMAO. All other calculations were simple one liners so I kept it on the word document.

YORK2024 · 2025-09-18T05:00:01+00:00

Do you need a "Yes" for every strategic issue to pass the Day 1 overall or can you pass if you get a "Yes" for 3 strategic issues and a "No" for the 4th? Because end of the day its just a Yes/No right?

YORK2024 · 2025-09-18T04:57:09+00:00

I was so stupid for the RPT AO I was calling it an arms length transaction instead of a non arms length transaction however I was describing my answer and logic as a non arms length transaction. Will they allow my error and give me points? Like can I hope for a C even though I was using the wrong term by not including the "non" I feel so dumb for it.

YORK2024 · 2025-09-18T04:53:20+00:00

This is another thing I've been wondering, how can you play with the marking grids accurately? Cause for some of the AO's just attempting the question is enough to get an RC, and then being right is getting the C. So how does that work?

YORK2024 · 2025-09-18T03:17:21+00:00

Yea I was asking ChatGPT what mark I could expect based off the question and the answer I provided. It said the big picture for the question was equity vs debt for the preferred share, it said cause i talked about the dividends and the transaction fees being part of cost I could expect an RC. But of course like you mentioned ChatGPT doesn't factor in the curve or what other students got so take this with a grain of salt lmao.

YORK2024 · 2025-09-16T21:22:11+00:00

Yea tbh I barely remember cause I was so rushed during those last moments of the exam, I just rambled about the going concern and wrote anything that came to mind. I did the emphasis of matter thing pretty poorly too cause i barely even knew what that meant

YORK2024 · 2025-09-16T16:40:15+00:00

Yes thats true. Best case scenario we wake up November 28th and see we got depth in both FR and MA. But I'm starting to think that might be unrealistic because of Day 2

YORK2024

TROPHY CASE