What is your weakness? Know what your transcript is saying!

Today we have a guest post from Kayla Switzer’s Blog: I Failed the UFE! Now What? You can also get in touch through her web site at www.KaylaSwitzer.comFeel free to contact Kayla if you have any questions or just want to vent! 

Knowing why you failed the UFE is an important first step in moving on. I have been receiving a lot of emails from students requesting an explanation of their transcript because they are confused about what exactly it is saying. It is confusing! So let’s go through a sample in more detail and you can use it as a guide to understand your transcript better.

Transcript Sample

This is an example of a student who failed at Level 1. The sufficiency grouping of 1 means that this student was close to passing the UFE, but needed one or two more indicators at Competent to pass. A student with a sufficiency grouping of 10, which is the highest sufficiency grouping (i.e. the furthest away from passing Level 1) would have needed several more indicators at C to pass.

The decile rankings for the Comprehensive and the Non-Comprehensives are to rank you against your peers for the three day exam. In this example, the student has a decile ranking of 7 on the Comprehensive and 8 in the Non-Comprehensive (the multis), which means that the student was was in the bottom 30% on the Comprehensive and the bottom 20% for the multis. Another way to look at it is that the honour roll students would have a decile ranking of 1, which means they would be in the top 10% of all writers.

In this example, this student passed at Level 2 and Level 3. This student only barely passed Tax at “standard marginally met”. This could mean that the student was weak in tax technical, that they didn’t notice an entire tax indicator, or maybe that the student had poor time management and always left tax to the end and didn’t tend to provide enough depth.

There is also a lot of reading between the lines to do. For example, did you focus primarily on the Level 2 requirements getting green, and then got yellow and red in Level 3? This is a time management issue because although of course you need to do well in PM and Assurance, if you don’t leave enough time for Level 3 you won’t be able to pass the UFE.

So now look at your own transcript. What is it saying? What level did you fail at? How many reds and yellows did you get? Can you read between the lines to find out what it all really means?

If you have more questions on your specific transcript please feel free to contact me through my website at www.KaylaSwitzer.com. I love to hear from all of you!

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Commenting Guidelines

I love open conversations. Casual is fine, professional is fine, but this is a community so anything abusive, demeaning or annoying will be removed at my discretion. Below is a guide to help keep you on the straight and narrow.

  1. 1. Use a name or alias. I understand wanting to keep your name personal, so make something clever up and stick to it. We can't tell each other apart if everybody is "Anon".
  2. 2. Remember the point. This is a community to discuss, debate and assist each other to pass the CFE or discuss other CPA things. Let's act like we're all the intelligent professionals that we are supposed to be.
  3. 3. No personal attacks. It's okay to disagree with opinions or advice but argue the point, not the person.
  4. 4. Don't be obnoxious. You should be proud if you are the next honour roll writer or work for a prestigious firm but don't be obnoxious by using it to feel better than others.


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