CPA EXAM COACHING
I had a chat with CBC News about this year’s CPA exam hotel room format and the level of difficulty. Full article below:
https://www.cbc.ca/news/canada/toronto/thousands-of-accounting-students-are-checking-in-at-hotels-across-canada-and-no-it-s-not-for-a-vacation-1.5719704
Sign up for the newest CPA CFE Review Course. Learn case writing skills, technicals, strategies and more. Preview free lessons here.
Majority of candidates writing the CPA exams look for supplemental resources. The materials provided by CPA Canada are abundant, but understanding the tough technicals and building a solid exam strategy is challenging. Some seek mentors, study partners and the majority sign up for a a prep or a coaching program. Here are 5 free supplemental resources that you can use to prepare for your exam:
Reddit’s r/Accounting is a community of accountants who actively discuss their school and career lives. You can use this resource to ask help with exam questions and discuss exam strategies. Head over to the sub-Reddit, search your question or make a new post. If you make a new post, make sure to use [CAN] tags, as both US and Canadian accountants post there.
Filled with technical videos and exam reviews, YouTube is a great resource to prepare for the CPA exams. My YouTube channel regularly publishes videos and webinars tailored for CPA students. Search for exam strategies and technical problems to better understand the concepts you’re struggling with.
CPA Canada has Certification Resource Centre (CRC) with mock exams, exam reference schedules, and CFE reports. Use it to understand the exam structure and practise past exams.
CPA Western School of Business (CPAWSB) has a Peer Study portals that lets you connect with a study buddy. Use it to connect with a like-minded peer to share resources and mark each others’ cases.
HTKAcademy is a website with free CPA study notes. I find HTK’s notes to be easy to read and tailored towards the CPA exam writers. Head over there and look up ASPE or IFRS standards that you find difficult to understand.
For extra exam resources and tutoring, check out my CPA PEP, CFE and PERT courses. I cover case writing skills, technicals, exam strategies, PERT reporting and more. Preview free lessons here.
Please see the updated blog post here: https://gevorgcpa.com/how-to-become-a-cpa-in-canada-4-steps/
Dear Candidates,
I would like to invite you to my upcoming free webinar How to Succeed at the CFE: September 2020. This 1-hour webinar will cover the following topics:
Additionally, I’m excited to announce the release of my new CPA CFE 2020 course: CFE Review: The Honour Roll Prep Program. This is a comprehensive prep and coaching course for CPA Canada’s September 2020 Common Final Exam (CFE).
CFE Review is a supplementary coaching program that teaches approach, case writing skills and strategies towards the CPA Canada’s Common Final Exam (CFE) Days 1, 2 and 3, based on Honour Roll methods. The course includes:
The program offers you a 360-coverage of the CFE and includes the following learning materials:
Learn more and sign up at my course platform.
Warm regards,
Gevorg, CPA
Instructor & CPA Coach
This practice CPA Common Final Exam (CFE) Day 3 case focuses on Financial Reporting (FR) and Assurance (A) competencies.
Download SF CFE Day 3 Practice Case (PDF)
Please sign up for the CFE Review course for the solution.
I chatted with Jonathan, an Honour Roll student from CPA CFE 2019. Below is the partial interview and transcript.
Why don’t we start with your background, could you tell us a little about yourself?
I live in Melfort, Saskatchewan, I work at MNP, I’m a designated professional there, so I just got my letters a couple of weeks ago. I graduated from the University of Saskatchewan, with high honours and great distinction there, and I actually wrote honours thesis paper that’s being published in the American Accounting Association Journal this February.
Why don’t you tell us about your CFE prep schedule, for example, how many weeks did you take off and how many hours did you study?
For sure. I took off from start of Capstone 2 onwards, I took a couple of weeks off before, just to relax and get ready, which I would highly recommend if you can, because it was really nice, I found that after a little bit of time off I was ready to start doing something again, so I could get started right into studying full-time.
I took 8-weeks off in total. I studied every day Monday to Friday from 8 to 5, I took a lunch in that time, I treated it like it was my full-time job during that time and then at 5 o’clock I stopped studying. I would just take the evening off and relax like I normally would if I was just working. I tried to maintain as much consistency as I could from working full-time to studying full-time for those 2 months.
Can you tell us how you debrief your cases?
Yeah, so I debrief a lot, I would say compared to some of my cohorts that were at the same firm, I would say I debriefed the most. I really valued that debrief time because I use that as a study period. Instead of just looking at the solution, I would use my debrief time to really dive in, to understand fully where the solution was coming from, what exact handbook reference do they refer to, how they applied them. When I was prepping, I was told that you should spend equal time as the case was to debrief and I definitely did that, if there was a 5-hour case, I spent at least 5 hours debriefing it. That was my main study resource, I never spent a whole day studying technical, most of my technical study was through debrief, so I would spend (for a 5-hour case) the whole next day debriefing.
* * *
I would have tabs in the tracking sheet for each kind of Assessment Opportunities (Management Accounting, Financial Reporting, Assurance, etc. all six of them) and then every case I would type in what was tested, what you were supposed to do, and how I performed on it.
Once you went through this process and you got to CFE, was there anything that surprised you, when you actually got to Day 1, Day 2, Day 3, or was it like you expected?
I found it to be exactly but I expected it to be. For Day 2, we were warned ahead of time that there’s going to be FR [Financial Reporting] issues that you’re not going to know about, so I wasn’t surprised by them necessarily. I was surprised because I didn’t know about them, but I wasn’t surprised that there ones that I hadn’t studied yet.
Knowing that going in, there was really nothing on there that was out of the normal or bizarre, I would say, I found everything to be very, very expected, in how the questions were provided, how many assessment opportunities there are going to be, etc.
Do you use a computer outline or a paper outline?
I did not know what to do on the first day of Capstone 2.
I was a little overwhelmed. Other people knew what their approach was, going in there, their mentor told them to do this so they’re doing it, so I felt a little overwhelmed because I didn’t know what my approach was going to be.
In PEP [Professional Education Program], it wasn’t as essential, because I felt like I had more time in those exams or I could make up time easier so I didn’t feel as pressured to really nail down a strategy, whereas in the CFE, you don’t have extra time. So I played it by ear and tried out some different things, I found on Day 1 and 2, I did my outline on the computer and I did my outline very [in-depth], it was really fleshed out, it had the full AO [assessment opportunities] on it and it had a lot of points that linked back to the analysis underneath it so that it was kind of ready to roll, so that when I was actually writing my response, I was typing in, fleshing out the details, and done.
On Day 3, I didn’t outline on the computer, because I didn’t have enough time. Instead, I would just, on a piece of paper, I write down how many AOs were there, and the highlight of them (FR, Assurance, weakness-implication-recommendation) so I would do the highlights and then do how much time I have for each one, because it was such a short case, that I felt that I didn’t need to flesh out [the details]. I didn’t outline Day 3, it depends on what works for you, I could remember all of them and I found I was wasting time as I was outlining, I could have just been working on the answer.
But on Day 2, I really needed to outline, after 3 and 1/2 hours, it’s a lot of typing and it’s a lot of thinking, and you’re starting to get tired. I found it really beneficial that in that first hour, I had already fleshed out, you know, AO#8, so that at least when I’m typing it out I kind of already have a benchmark to go on and then I just need to flesh in the details and provide recommendation, what it may be.
(I totally agree with you, you just don’t have the time to do that in Day 3. Sometimes there is not even a point, because the requireds are a little obvious, they are jumping out at you).
Exactly, and you know there’s only there’s only gonna be 4-6, so it’s not as Day 2, 14 or 15 of them. You’re not gonna remember what 12 is vs 14, in hour 4, when you’re exhausted.
You mentioned earlier that you had a mentor assigned to you. Can you tell us a little bit about that and if you had just one mentor and if you had a study partner that you studied with and what was that like?
I selected the mentor, but it was all provided through the firm. I really valued having a mentor.
We didn’t live in the same location, but we chatted on the phone once a week, to talk how the week was and things like that. It was just really nice having a mentor because they’ve been through the process, so they know what to say to you, they know what you’re going through.
My mentor had just wrote in the last couple of years, she remembered the practice cases. When I said to her I just did this case, she said, “Oh, I remember that case, that one was terrible!” That was really nice, they knew exactly what I was going through, I really enjoyed that.
I did not have a study partner, I did everything independently at home. I did that the whole way through University and through CPA PEP, so for me that works and that was my preference, because I didn’t want to feel like I was comparing my performance to someone else’s, and I didn’t want to feel like I was holding someone else back because I wanted to study this more or vice versa, because I heard, leading up to it, that someone doesn’t want to study Day 1, for example, but you do, so I felt it was easier if I did it on my own.
Having a mentor was awesome, it was so important to me because they helped me stay grounded and continually remind me that Perfection is not the expectation and that was so important.
If there’s one, single best advice that you would give to future CFE writers, what would that advice be?
Just stay calm and relaxed during the whole process.
Without my mentor, I know I would have spiralled into a super stressed-out, high-strung state, during that whole 8-week and that is not what you need to do prepping for it.
It’s like what you said before about when you peak, you really want to peak at the end of the 8 weeks. If you are high-strung, if you’re studying all night in week 2, you’re not going to make it to week 8. For me that was really hard, because I’m used to [in] University studying all night, try to get the perfect answers, it was a really different study approach for me, but it was so essential, because I could have never maintained a full day and night study pattern for 8 weeks. On the day of the exam, I would have been totally burned out.
Let’s go into a little more technical side of things, we spoke about case outlining and how you do Day 1 and Day 2 on the computer, can you walk us through the exact steps?
* * *
Sign up for the newest CPA CFE 2020 Review Course for a comprehensive prep package.
Dear Students,
I’m excited to announce the release of the CPA CFE Day 1 course: CFE Review: The Honour Roll Prep Program. This is a comprehensive prep and coaching course for CPA Canada September 2020 Common Final Exam (CFE) Day 1.
Despite the May 2020 CFE cancellation due to COVID-19, I encourage you to take advantage of this program now, over 90% of CPA students surveyed are already studying for the September 2020 CFE.
CFE Review Day 1 is a supplementary coaching program that teaches approach, case writing skills and strategies towards the CPA Canada Common Final Exam (CFE) Day 1.
The program offers you a 360-coverage of the Day 1 and includes the following learning materials:
Yes. The Days 2 and 3 program in currently under production and estimated to be released at the end of May 2020.
Learn more about CFE Review by visiting our website Gevorg CPA and sign up at our course platform.
Take care,
Gevorg, CPA
Instructor & CPA Coach
Privacy Policy
Date modified: July 13, 2023
Gevorg Grigoryan Inc. (“Gevorg, CPA”) respects the privacy of people who use our websites (http://gevorgcpa.com, https://prep.gevorgcpa.com, and https://gevorgcpa.thinkific.com) or other Gevorg, CPA services. This privacy statement (“policy”) reflects the current information practices of Gevorg, CPA. Should there be any future changes to our privacy policy, we will continue to post them on this page.
In this policy, “you” or “your” means any person or entity subscribing to and/or using the service (“users”). Unless otherwise stated, “Gevorg CPA,” “Gevorg, CPA”, “I”, “we,”, “my” or “our” will collectively refer to Gevorg Grigoryan Inc., the supplemental CPA program mentoring, marking, coaching and tutoring service organization.
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We may also use or disclose the personal information for business purposes, including:
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Because we link to social media sites, and from time to time may include third-party advertisements, other parties may collect your personally identifiable information about your online activities over time and across different web sites when you visit this Site.
In addition, we may use Google AdWords, so we may be advertising our website through a form of tracking called remarketing, Third-party vendors, including Google, show our ads on various sites across the Internet, and use cookies to serve you ads based on your past visits to this Site. You can opt out of Google’s use of cookies by visiting Google’s Ads Settings https://www.google.com/settings/ads/plugin . Alternatively, you can opt out of a third-party vendor’s use of cookies by visiting the Network Advertising Initiative opt-out page. http://www.networkadvertising.org/choices/
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We may periodically update our Privacy Policy. All policy changes will be posted on this website, and the date at the top will be updated to reflect that change. If there are any material changes to the policy, all users who have opted to receive communication will be notified via email. We may also show notifications/updates within our products/services to inform you about such changes. Continuing to use the product after the change is effective implies agreement with the Privacy Policy. If you disagree with any of the changes, you must cease using our services and write to us at support at gevorgcpa.com for deactivation. Any applicable refunds for paid services will be calculated as per our refund policy. Any changes will be effective only after the effective date of the change and will not affect any dispute arising prior to the effective date of the change.
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This section describes your rights under California Consumer Privacy Act (CCPA).
We collect personal and other information as described in the “Information we collect” section. Information is collected for business and commercial purposes only as described in “How We Use Collected Information“ section. Collected information may be shared as per “How is the information shared”. We do not sell (as such term is defined in the CCPA) personal information. We do use cookies as per the policy outlined in “Cookies” and “Information we collect”.
Subject to certain limitations and exceptions as applicable under the law, you have the right to request that we disclose to you what personal Information we collect, use and disclose, including the right to request specific pieces of personal information we have collected about you in the prior 12 months. You also have the right to request to delete personal information, to opt out of any “sales” that may be occurring, and to not be discriminated against for exercising these rights.
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Terms of Service
Date modified: September 1, 2025
This user agreement (“agreement”) is a contract between you and Gevorg Grigoryan Inc. (“Gevorg, CPA”) and applies to your subscription to and use of products and services available through http://gevorgcpa.com, http://gevorgcpa.thinkific.com, and https://prep.gevorgcpa.com (collectively the “services”). Purchase of services indicates an implicit agreement with the Terms of Use. If you do not agree or do not intend to abide by these stated Terms of Use, please refrain from purchase or use of Gevorg, CPA services.
User agreement
You must agree and accept all of the terms and conditions and the privacy policy before you become a subscriber to and user of Gevorg, CPA products and services.
We may change this agreement at any time. Except as stated below, all amended terms shall be effective 30 days after they are initially posted on our site.
In this agreement, “you” or “your” means any person or entity subscribing to and/or using the service (“users”). Unless otherwise stated, “Gevorg CPA,” “Gevorg, CPA”, “I”, “we,”, “my” or “our” will collectively refer to Gevorg Grigoryan Inc., the supplemental CPA program mentoring, marking, coaching and tutoring service organization that helps to improve vocational skills of accountants.
PLEASE READ THE FOLLOWING TERMS, CONDITIONS, AND DISCLAIMERS IN THIS AGREEMENT CAREFULLY BEFORE SUBSCRIBING TO GEVORG, CPA COURSES AND LEARNING MATERIALS.
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All sales are final. No refunds, cancellations, or changes to purchases and subscriptions will be allowed under any circumstances. Access to digital products (such as mock exam cases and study notes) is provided for lifetime. Access to CFE Review courses is provided for two (2) years, from the date of your enrollment. Access to PER Review courses is provided until you successfully finish the PER requirements. Access to all other courses is until you successfully complete the course-specific examination. You must email us your official results to be eligible for this guarantee. If you choose to defer any of the exams at your own discretion, you will not be eligible for this guarantee and you will need to re-purchase the course(s). If you cease to be a registered student with your CPA school, you will not be eligible for this guarantee and you will need to re-purchase the course(s). If the exams are deferred by the examination organizations (such as CPA Canada) due to unforeseen events, you will be eligible for this guarantee and continue to have access.
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We are in no way affiliated with nor related to CPA Canada, CPA Western School of Business or any other provincial CPA bodies affiliated with the Chartered Professional Accountants in Canada (CPA Canada). Gevorg CPA courses have not been approved nor endorsed by any CPA bodies. CPA is a registered trademark of CPA Canada. Gevorg CPA courses are supplemental educational materials provided to individuals who are preparing for the CPA and university exams.
Links to third party sites
We are not responsible for the content available on any other Internet sites linked to on our site. Access other websites linked to our website is at your own risk.
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We comply with the requirements of Children’s Online Privacy Protection Act (COPPA) and we do not collect any information from anyone under 13 years of age. Our website and services are all intended to people at least 13 years old or older.
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Our products are intended for individual self-study and exam preparation and are sold in the form of subscriptions. The products are designed to facilitate careful review by users of all content contained within the subscriptions in order to deliver maximum benefit and optimal study experience to our typical users (hereafter also referred to as “normal” product usage). “Typical” refers to users with a usage pattern of at least 90% of regular users of any particular subscription. Normal product usage does not include the usage of the entire subscription more than 10 times (defined as viewing the entire course more than 10 times), or usage which is suspected to be shared between multiple users on the same device/network.
You may not use our services in any manner which could damage or disable our web site or related services. You agree not to attempt to obtain any materials not made available or provided for through the subscription.
Usage of our subscriptions which is determined not to fall under reasonable use may result in action taken against the account, at our sole discretion. Subscription utilization that is indicative of, or arising from, impermissible business, multiple user, community, or fraudulent use may result in suspension or termination of the subscription in question. We may contact any user at any time to request clarification of a usage pattern which does not fall under reasonable use.
Postings
We are under no obligation to review any messages, information, or content (“Postings”) posted on our websites by users, and assume no responsibility or liability relating to any such postings. Users are solely responsible for all the content they post or upload to the website. Notwithstanding the above, we may from time to time monitor the postings on the websites and may decline to accept and/or remove any postings that contain:
-Any unlawful, harmful, threatening, abusive, harassing, defamatory, vulgar, obscene, profane, hateful, racial, ethnic, or otherwise objectionable material of any kind, including, but not limited to any material which encourages conduct that would constitute a criminal offense, give rise to civil liability, or otherwise violate any applicable local, state, provincial, national, or international law
-Advertisements or solicitations of any kind
-Messages posted by users impersonating others
-Personal information such as messages which state phone numbers, social security numbers, social insurance numbers, account numbers, addresses, or employer references
-Messages by non-spokesperson employees of Gevorg, CPA purporting to speak on behalf of Gevorg, CPA
-Messages that offer unauthorized download of any copyrighted or private information
-Multiple messages placed within individual folders by the same user restating the same point
-Chain letters of any kind
No Warranties
WE PROVIDE OUR SERVICES “AS IS” AND WITHOUT ANY WARRANTY OR CONDITION, EXPRESS, IMPLIED, OR STATUTORY. WE SPECIFICALLY DISCLAIM ANY IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
WE PROVIDE NO GUARANTEE THAT YOU WILL SUCCEED AND PASS ANY OF YOUR EXAMS.
-We do not endorse, and are not responsible for, the accuracy or reliability of any opinion, advice, or statement made through our websites and services. Under no circumstance will we be liable for any loss or damage caused by your reliance on information obtained through our websites and services. It is your responsibility to evaluate the accuracy, completeness, or usefulness of any information, opinion, advice, or other content available through our websites and services. Please seek the advice of professionals as appropriate regarding the evaluation of any specific information, opinion, advice, or other content.
– We do not endorse, and are not responsible for, the accuracy or reliability of any opinion, advice, or statement made through our services. Under no circumstance will we be liable for any loss or damage caused by your reliance on information obtained through the services. It is your responsibility to evaluate the accuracy, completeness, or usefulness of any information, opinion, advice, or other content available through the site. Please seek the advice of professionals as appropriate regarding the evaluation of any specific information, opinion, advice, or other content. All information in our services are provided As Is without any warranty.
-Our services should be used as a tool to help prepare for various exams
-We reserve the right to withdraw subscriptions and the complete website if necessary. If this ever becomes necessary, you will only pay for the time of your subscription that has elapsed (on a pro-rata basis)
-We will use reasonable efforts to rectify any error that occurs on our websites and services but do not guarantee access to the site in case of software errors/viruses/other natural or technical catastrophes that cannot be repaired in spite of a reasonable effort
-We will use reasonable efforts to keep our websites and services online at all times. You understand that scheduled maintenance and problems out of the control of us can cause the site to be temporarily unavailable
Member Account/Password and Security
You shall be responsible for the accuracy of the data provided and may update your profile data in order to reflect the most accurate current information. You will also choose a password. You are entirely responsible for maintaining the confidentiality of your password and account and for any and all activities that occur under your account. You agree to notify us immediately of any unauthorized use of your account or any other breach of security. We will not be liable for any loss that you may incur as a result of someone else using your password or account, either with or without your knowledge. However, you could be held liable for losses incurred by us or another party due to someone else using your account or password.
Limitation of Liability
We disclaim any liability (contract, tort, strict liability, or otherwise) for any indirect, incidental, consequential, or special damages arising out of or in any way connected with access to or use of our website, this agreement, and our services. You hereby agree that the maximum liability arising out of or in connection with your use of our services and site, regardless of the cause of action (contract, tort, breach of warranty or otherwise), will not exceed your subscription fee.
License
In consideration of and subject to your payment of the appropriate subscription fee for the services you subscribe to, and your agreement to and compliance with the terms and conditions set forth in this agreement, we grant to you a non-exclusive, non-sub licensable, non-transferable license, and right to use and access our content (the “licensed materials”) from multiple devices/locations with non-concurrant login access (“different times”) for 730 consecutive days. You are not allowed to access our content from multiple devices/locations concurrently (at the “same time”). Access of our services from multiple devices/locations concurrently will be defined as account sharing, and appropriate action will be taken as defined in the “Restriction Against Transfer” section of this agreement.
Ownership
The licensed materials, including all intellectual property rights within the licensed materials (such as copyright) are our sole and exclusive property. By indicating that you accept these terms, you do not become the owner of the licensed materials, but are entitled to use them according to the terms of this agreement.
Permitted Uses
You may print out the allowed content from our websites or courses for your personal educational use. “Allowed content” refers to that part of our content where we specifically provide a means to download and print (direct “download” or “print” icons). We reserve the right to restrict printing for any content in the our websites and services. You agree to have access to a computer and the Internet to access our services, but except as provided in this agreement, you may not print out the licensed materials. None of the non-allowed contents are allowed for print, copy-paste, or save-to-media/disk. Checklists and sample cases are allowed for printing.
Restriction Against Transfer
You are not allowed to sublicense, assign, share, sell, rent, lease, or otherwise transfer your right to use the licensed materials. All accounts are monitored for multiple logins. You are allowed to access the services from maximum two different IP addresses. In the event that we believe, at our sole discretion, that an account is being used by multiple users, we reserve the right to terminate that account without any notice or refund. We also retain the right to sue on grounds of breach of contract. Therefore, please do not disclose your account details to anyone else.
Violations
In the event that you breach any term of this agreement, we may, at our sole discretion, terminate this agreement, your access to our website and services to you without refund. We reserve the right to seek all remedies available by law and in equity for such breaches.
Search engines, web crawlers, cookies and IP address tracking
The information that is posted on our website is routinely indexed by search engines and web crawlers (such as Google, Bing, etc.). Therefore, when an online search is conducted, the information posted might show up in search results. If you do not wish for posting to be made publicly available or indexed by third-party search engines, then do not make a post on our websites.
We use cookies to streamline the use of the website. The cookies are used to streamline logins and email accounts. The cookies will not be used to attain your personal identifiable information.
We may track your IP addresses to ensure you are complying with the terms of service.
Credit Card Processing
No credit card information is stored on our servers or website. The services Stripe and Thinkific Payments are used to collect payments.
Coaches, tutors, markers
Tutors and markers that sign a contract with Gevorg, CPA are not allowed to conduct CPA coaching, tutoring, and marking outside of our organization without written permission. Violation of this may result in civil litigation.
Cheating, plagiarism, unethical behavior
Cheating and plagiarism is strictly forbidden. By subscribing to our services, you agree that you will not copy the templates offered in this course and submit as your work. You understand that this constitutes plagiarism and may result in you being expelled from your program. In no event shall we be liable for any direct, indirect, punitive, incidental, special, consequential damages or any damages whatsoever from your use of our learning materials. We reserve the right to report unethical and illegal behavior.
Settlement and arbitration
By subscribing to our services, you agree that you must settle only through arbitration any disagreements, concerns, and any other conflicts.
