2024 CFEs Outlook & September 2023 CFE Debrief | CPA Canada

In this video, I provide debrief and review of September 2023 CPA Canada CFE exam and takeaways for 2024 CFE writers.
NOTE: The Sep 2023 CFE AOs in this video are based on student debriefs and aren't the official exam AOs.
►Day 1 highlights
● September 2023 Day 1 had JRP v1 and CFL v2 with 5 strategic issues each.
● Trend towards sporadic structure in strategic issues (3-5).
● Cash flow constraints: $6.5M in CFL, $7.5M in JRP.
● New "strategic direction" is crucial, poorly taught in Capstone 2.
►Day 2 Highlights
● ASPE standard tested; possible IFRS in May 2024.
● FR: Goodwill impairment, subsequent events, and financial instruments were tested.
● No revenue recognition, which usually appears.
● MA topics: Variance analysis, break-even, indifference point, process costing.
● Audit planning memo not tested; FR question present in the Assurance role.
► Day 3 highlights
● Non-for-profit AOs tested again; don't ignore recent exams.
► Key Takeaways for 2024 CFE writers
1) Expect surprises; past topics can reappear.
2) You'll benefit from practicing older CFEs.
3) Prepare for ambiguous formatting and wording.

Intro (0:00)
Day 1 CFE Sep 2023 (0:19)
Day 2 CFE Sep 2023 (1:22)
Day 3 CFE Sep 2023 (2:39)
2024 CFE Takeaways (3:40)

#cpacanada #cfe #gevorgcpa

[katrinaa]

It was a brutal exam, I hope I passed.

[mykolakhorkavyi]

Watched this video and how grateful I am that I don't need to repeat this 😅.

Thank you Gevorg!

[alvin_henny]

The exam was rough! Timing nightmare. I attempted as best as I could.

[blackdesert]

might have missed the strategic direction in Day1. I feel like i did everything else correctly. would this fail me?

[iifeydk]

Your opinion on the difficulty of the sept 2023