Posts

How To Become a CPA in Canada

PEP STUDENTS

The majority of candidates pursuing the CPA designation are part of the PEP (Professional Education Program) program. This program consists of two Core modules, two Elective modules, Capstone 1, Capstone 2 and the CFE. More information about the PEP program can be obtained at CPA Canada’s website:  https://www.cpacanada.ca/en/become-a-cpa/cpa-professional-education-program-becoming-a-cpa

INTERNATIONALLY TRAINED ACCOUNTANTS (ITA)

If you are an internationally trained accountant, you can apply through the Mutual Recognition Agreement (MRA), Reciprocal Membership Agreement (RMA) or Memorandum of Understanding (MOU). You can read more about it at CPA Canada’s website: https://www.cpacanada.ca/en/become-a-cpa/international-credential-recognition/international-recognition-agreements/international-members-seeking-canadian-cpa

A detailed article on the MOU application can be found here: https://www.notsoworkholic.com/post/ca-to-cpa-canada

PASS THE CPA CANADA CFE EXAM

Sign up for the newest CPA CFE Review Course. Learn case writing skills, technicals, strategies and more. Click the image below to learn more.

CFE Review by Gevorg CPA

CPA Canada CFE Review – CFE Sep 2020 Days 1, 2 and 3 course now available

 

 

 

 

 

 

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:

  1. Structure of the CFE
  2. Passing profile
  3. What to expect this year
  4. Study strategies
  5. Key technicals
  6. Efficient case writing
  7. Why candidates succeed or fail
  8. Q&A

Register now >

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).

What is the CFE Review course?

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:

  • Case writing walkthroughs
  • Efficient outlining strategies
  • Quant analysis templates
  • Time management methods
  • Memory aids
  • Qual formats and templates
  • Technical study notes
  • Access to 8-hours of engaging video lessons
  • Historical CFE AO data (bonus)
  • Honour Roll student interviews (bonus)

Learn more >

What support do I receive?

The program offers you a 360-coverage of the CFE and includes the following learning materials:

  • Video lessons (unlimited access until you pass)
  • Free 30-minute coaching consultation
  • Step-by-step breakdown of a Day 1, 2 and 3 case
  • Sample answers
  • Supplemental practice drills
  • Case writing templates
  • Quant templates
  • Study plan for September 2020 CFE
  • Case checklist
  • Technical review checklist
  • Immersive video lessons as opposed to voice-over audio lectures
  • Access to 1.5hrs of exclusive CPA Honour Roll technical interviews

Course preview >

Learn more and sign up at my course platform.

Warm regards,
Gevorg, CPA
Instructor & CPA Coach

CFE Honour Roll Interview – Strategies from Jonathan

I chatted with Jonathan, an Honour Roll student from CPA CFE 2019. Below is the partial interview and transcript.

PARTIAL INTERVIEW

PARTIAL INTERVIEW 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?

* * *

CPA CFE PREP PROGRAM

Sign up for the newest CPA CFE 2020 Review Course for a comprehensive prep package.

CFE Review by Gevorg CPA

 

CPA Canada CFE Review – CFE Sep 2020 Day 1 course now available

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.

What is CFE Review?

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.

  • Formats and templates
  • Quant analysis techniques
  • Day 1 approach strategies
  • Time management practices
  • Memory aids
  • Case writing strategies
  • Free 30-minute coaching consultation
  • Access to 5-hours of video lessons
  • Historical CFE data (bonus)
  • Honour Roll student interviews (bonus)

Learn more >

What support do I receive?

The program offers you a 360-coverage of the Day 1 and includes the following learning materials:

  • Video lessons (unlimited access until you pass)
  • Step-by-step breakdown of a Day 1 case
  • Sample answers
  • Case writing templates
  • Quant templates
  • Study plan for September 2020 CFE
  • Case checklist
  • Technical review checklist
  • Access to 1.5hrs of exclusive CPA Honour Roll technical interviews

Look inside >

Will there be CFE Days 2 and 3 prep program?

Yes. The Days 2 and 3 program in currently under production and estimated to be released at the end of May 2020.

Course preview >

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

Privacy Policy
Updated on January 22, 2020

Gevorg, CPA respects the privacy of people who use our websites (http://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, CPA, the supplementary CPA program mentor, coach and tutor.

Information We Collect

We collect information when you access our website or use any of our services (including but not limited to our mobile applications).
We collect the following categories of personal information:
-Identifiers, such as your name, email address, IP address, or account name.
-Commercial information, such as the products or services you’ve purchased, obtained or considered, and other purchasing or consumer histories or tendencies.
-Internet activity, such as your browsing history, your search history, and information on your interaction with our website, our other services, and advertisements.
-Geolocation data, e.g., your physical location or movements.
-Inferences drawn from other personal information listed above, to create a profile reflecting your preferences, characteristics, psychological trends, predispositions, behavior, attitudes, intelligence, abilities and aptitudes.
Information could be collected in any/all of the following ways.

Information You Provide

When you register as a member or request information, we may use our registration and online enrollment forms to collect personally identifying information such as your full name, mailing address, email address, telephone number, educational background and professional information (“personal data”). In addition, if you contact us via email or offline, we may collect the personal data that you voluntarily provide us at that time.
You may choose to voluntarily submit other information to us through our services that we do not request and, in such instances, you are solely responsible for such information.

Information Collected Automatically

For each visitor to our website, our server automatically records IP (Internet Protocol) address, browser type, operating system, domain name, access times, and referring website addresses.
For users interacting with our services, we may also collect various information using different types of technologies. This information includes:
-Type of subscription and your interactions with our Service.
-Details of the queries you make, and the date and time of your request.
-Any content (as defined previously) you post to the Service including answer responses, notes, flash cards, messages, and forum posts you send and/or receive via the Service.
-Technical data, which may include URL information, cookies, your IP address, the types of devices you are using to access or connect to our Service, unique device ID, device attributes, network and device performance, browser type, language, operating system.
-Location data based on your IP address. We may use third-party applications to look up location based on your IP address. At no point will your personal or other identifying data (other than IP address) be used for such specific purpose.

How We Use Collected Information

We may use any information collected, including personal information:
-To complete, perform, and support the activity for which the information was provided.
-To improve the content of our website or services.
-To develop new products and services, and analyze your use of the Service, including your interaction with applications, products, and services that are made available, linked to, or offered through the Service.
-To customize the content and/or layout of our website for you.
-To notify you about updates to our website, if you have consented to receive such information.
-To contact you for marketing purposes, if you have consented to receive such information.
-To process your payment or prevent or detect fraud.
-To contact you for employment opportunities.
-To enforce this Privacy Policy, the Terms of Service, and any other terms to which you have agreed including to protect the rights, property, or safety of Gevorg, CPA, its users, or any other person, or the copyright-protected content of the Service.
-As otherwise stated in this Privacy Policy.
We may also use or disclose the personal information for business purposes, including:
-Secure our network and our website.
-Conduct audits related to our current interactions with you
-Debug the site and service to identify and repair errors that impair existing intended functionality.
-Undertake activities to verify or maintain the quality or safety of a service or good that is owned, manufactured, manufactured for, or controlled by us, and to improve, enhance or update them.
-Perform services on behalf of us, including maintaining or servicing your account and providing customer service.
Persons who supply us with their telephone numbers online will only receive telephone contact from us with information regarding orders they have placed online or with regard to technical, billing, or product-related issues when deemed necessary during our regular office hours.

How is the Information Shared

The information collected may be:
-Shared with our agents or contractors who assist in providing support for our internal operations.
-Used by all of our trading names and affiliated group companies, and transferred to other countries for processing. These countries may not have similar data privacy laws, but if we transfer your information in this way, we will take steps to ensure that your information continues to be protected.
-Disclosed when legally required to do so at the request of governmental authorities conducting an investigation, to verify or enforce compliance with the policies governing our website and applicable laws, or to protect against misuse or unauthorized use of our website, to a successor entity in connection with a corporate merger, consolidation, sale of assets, or other corporate change respecting the website.

The information will not be disclosed to third parties unless you have explicitly consented to do so. We are committed to protecting your personal information.

Storage, Security and Transfer of Data

Cookies
We use cookies to store users’ preferences and record session information, such as items that users add to their shopping cart, record user-specific information on what pages users access or visit, alert users to new areas that might be of interest to them when they return to our site, record past activity at a site to provide better service when users return to our site, customize website content based on users’ browser type, or other information that the user sends.
A cookie is a small piece of information that is sent by a website and stored on the visitor’s computer. Cookies are small files and will not pose any significant disk space concerns. Some cookies used by our websites may remain on the user’s computer after they leave the website, but most are set to expire within 30-365 days. You can disable cookies using the settings on your web browser, but doing so will prevent you from taking advantage of customization and certain security features.

Tracking
Our website (http://gevorgcpa.com) and related services do not collect personal information about your online activities over time and across third-party websites or online services. Therefore, “do not track” signals transmitted from web browsers do not apply to our Sites or Services, and we do not alter any of our data collection and use practices upon receipt of such a signal. We will not respond to Web browser “do not track” signals.
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/
Please note that not all tracking will stop even if you delete cookies.

Security
We use learning management system called Thinkific for hosting courses and storing your data. The provider(s) chosen employ a variety of security measures designed to ensure data protection and up-time. Although we are committed to employing safeguards to protect user information, due to the inherent nature of online and evolving technologies, it is not possible to completely secure any/all data. We cannot guarantee that data is absolutely safe and secure from intrusion.

How long is the data stored?

The duration of data storage usually depends on the type of information as indicated below. After the indicated time, the data is either deleted or archived (backed up). In cases where the data is archived, we use reasonable efforts to continue to keep it secure until the time data is deemed safe for deletion.
-Personal Information: This data is stored until the time you request to have it deleted. However, we may retain some personal information for a certain duration for us to meet certain legal and financial requirements, to resolve disputes, to enforce our agreements, and to support business operations.
-Subscription data: Subscription-related data is stored until the subscription is no longer active. Once the subscription expires, the data is archived (backed up). As mentioned previously, we make all efforts to keep such data safe until it is deemed safe for deletion.
-Service via organization: If the Service is provided to you through an organization, subscription-related data can be retained until the administrator of the organization gives approval for deletion or until the point the data is deemed irrelevant. After such time, the data can be either deleted or archived (backed up).

Transmission of Personal Data

The user acknowledges and agrees that by providing us any information through our websites and services, the user automatically consents to the transmission of such personal or proprietary user information over international borders, as necessary, for processing in accordance with our standard business practices.
How to Control Your Information
You have the right:
-To request access to the personal information we have about you.
-To request that we delete personal information about you.
-To opt-out of our use, transfer, exchange or disclosure (including to third parties) of personal information about you.
-Not to be discriminated against based upon whether you decide to opt-out.

To exercise the access, deletion, and opt-out rights described above, please submit a verifiable consumer request using one of the following methods:
Email us at support at gevorgcpa.com or use contact us page on our website.

Update Personal Information

You can review and update your personal information along with other preferences from the “Profile” section of the Thinkific website at all times (subject to availability). You can also request to have any personal information, not relevant to the original purpose for which it was collected, removed by emailing to us at support at gevorgcpa.com.

Opt Out of Email Notifications

You can opt out of receiving subscription/service-related notifications and marketing/promotional updates by emailing us at support at gevorgcpa.com at all times. You can also update your preferences by following the “Unsubscribe” link included at the bottom of any email communication, if such link was provided. Due to the technical failures and/or other unforeseen reasons, if the system fails to update your preferences, you can email to us directly at support at gevorgcpa.com
Links to third parties
The links to third party products and services on our website lead to separate entities with different privacy policies. We are not responsible nor liable for the policies at those linked sites. If you suspect or witness any privacy violations at any of the linked sites, email to us directly at support at gevorgcpa.com

Other Privacy Information

Maintaining Privacy
As stated, we will maintain the confidentiality of all user communications that contain personal information transmitted directly to us. Postings by a user on any public arena, such as a message board or in a chat room, will not and cannot be protected as confidential.

Children
Our Services are not intended or directed toward individuals under age 13. If you fall under the age of 13, please do not use our Services or register on our website. We are in compliance with the requirements of Children’s Online Privacy Protection Act (COPPA), and do not knowingly collect personal information from users under age 13. If it is brought to our attention that personal information has been collected from individuals under age 13, we will take required measures to delete such information. You can write to our support team at support at gevorgcpa.com to address any concern you may have regarding such information.

Privacy Policy Changes

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.

California Privacy Rights

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.
You may choose to exercise your right(s) by submitting your request as described in “How to Control Your Information” section. In order to verify the authenticity of the request, we may use the information your account (including your email address) and/or request a government supplied identification. You have the right to designate an authorized agent to exercise the rights on your behalf. We may require sufficient proof (as applicable under law) to establish the authenticity of the designated agent. In case we are unable to verify the authenticity of designated agent, we may deny requests originating from the said agent.

Contact Us

If you have any questions about our Privacy Policy or suggestions on how to improve our privacy to all users, you may contact us at any time at support at gevorgcpa.com.