CPA Canada CFE Day 1 Viviana’s Trattoria Ltd. (VTL) Mock Exam Case

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The exam case Viviana’s Trattoria Ltd. (VTL) case will be tested in May 2025 and May 2026 Common Final Exams (CFEs) on Day 1. The original Capstone 1 case has been made available to candidates enrolled in Capstone 1 and released publicly by CPA Canada.

How do I prepare for VTL case for the CFE Day 1?

On CFE Day 1, you will be presented with the same VTL case and you will be required to analyze and answer new strategic and additional issues.

Follow these strategies:

  • Step 1: Study the Capstone 1 original case well: It’s important that you know the Capstone 1 case inside-out. You will encounter the same users and similar industry challenges. I suggest making notes of the following key situational analysis factors:
    • Users
    • Mission, vision and values
    • Key success factors (KSF)
    • Strengths, weaknesses, opportunities and threats (SWOT)
    • Board objectives
    • Quantitative constraints (eg. covenants, financing options)
  • Step 2: Know the Capstone 1 strategic issues: In Capstone 1, VTL faced 4 major strategic issues and several minor issues. In the Day 1 CFE exam, you’ll get 3-5 new strategic issues.
  • Step 3: Make note of the timeline: CFE Day 1 case is several years in the future and there are new issues to analyze. It helps to stay organized by creating a timeline of events as you are reading the case.
  • Step 4: Understand key stakeholder preferences: VTL case has several users who have opposing views. It’s important that you understand these user preferences as these will repeat in the CFE Day 1.

I strongly recommend practicing with supplemental mock exam cases. In Capstone 2, you will get 3 practice versions of the VTL case. However, most writers find that this is not enough and feel unprepared.

Where can I get extra VTL mock exam cases?

I have prepared one (1) original Viviana’s Trattoria Ltd. (VTL) supplemental mock exam practice case to help you better prepare for the CFE Day 1. The mock exam case is a realistic simulation of what you may get on your exam and cover typical AOs that you may find in your Day 1. The casepack includes the VTL mock exam case, marking guide and the solution.

Head over to the cases section of my website for a free preview.