Today’s post is a sponsored guest post produced by Charles Zane, MBA, CPA, CA.
Anger, disappointment, loss of confidence and self-worth are among thoughts that one may go through when there is an unsuccessful UFE result. It’s not a fun day to go through. It’s not fair. Unfortunately, not everyone can pass the exam. It’s part of the profession and the examination process.
Fortunately, it is not the end of the world. As I mentioned in my blog post a few days ago, the world will not stop to turn on results day. Your personal and professional life will move on and you can bounce back and re-focus.
Below is a list of 3 things that an unsuccessful UFE writer needs to consider following the receipt of their result:
(1) Reflect on the UFE process and the importance of the designation
There may be a number of reasons why the 2013 UFE did not work out. It is possible that you were not focused enough, had the wrong study buddy or group, had a bad day at the exam or simply had too much pressure, whether from yourself or others. Whatever the reason(s) may be, it is important to have an honest assessment of what went right and what went wrong. This is the first important step in order to achieve success on next year’s UFE. Also, it is important to also remind yourself of why you did the UFE in the first place: obtain the CA (now CPA, CA) designation – a very valuable and respected designation in the business world.
(2) Strongly consider ordering a PAR and think about the cost/benefit of a re-read
There are different schools of thought about ordering a PAR report. Some believe it will not be very helpful as you will be a different writer in 2014. Others, like myself, believe a PAR could be helpful to pinpoint areas of strengths and weaknesses on your performance at the UFE. Although a PAR is considered useful, it is important that this benefit will likely only be achieved if it is professionally reviewed by a competent UFE coach. If you review it on your own, you run the risk of ‘burning’ the 2013 questions when you re-attempt them and a self-serving bias may come into play of masking what the real issues were for you on the UFE. You may email me for further clarifications on whether or not to obtain a PAR report.
In regards to considering a re-read, it is really a personal decision and should be considered on a case-by-case basis. You can email me if you have questions if you are thinking about a re-read. Historically, the chances of passing on a re-read are miniscule and you may be better off spending your resources elsewhere.
(3) Think about getting specialized one-on-one coaching & mentoring
Here is the tricky part of my post: as a UFE coach, I am an advocate that most UFE candidates should get specialized coaching during parts (or all) of the UFE process. Notice that I did not state that all UFE candidates should get coaching (it’s not for everyone). The reality is that most candidates can benefit from experienced coaching for this exam. The same is true for both 1st year and repeat writers, but there is an added emphasis with repeat writers.
Over the years, I’ve had candidates tell me that the added benefits of coaching are as follows: keep them focused, on the right track, eliminating bad habits (constructive feedback), strengthening good habits (positive reinforcement) and be able to call or email me whenever something was wrong and they needed assistance. There are many steps to obtaining a successful UFE result, coaching can be one of them but so is the right study buddy/group, prep course, attitude, focus as well as what is going on with your life apart from the exam. Questions in this regard? You can email me and see a glimpse of the special offer below.
Special Consulting Session Offer:
For a limited time, I will be having special one-on-one consulting sessions with students who did not pass the UFE. The session is designed to help you figure out what went wrong during the 2013 UFE process and what can be done to help you achieve success for the 2014 UFE. You will need to email me your 2013 UFE results page from levels 1, 2 and 3.
Candidates who go forward with this session will be eligible for special pricing on the following services:
- study schedule
- PAR review analysis
- customized case marking and coaching packages
- coaching/mentoring sessions: reading/planning, outlining, ranking issues, writing skills for sufficient depth, time management, stress management, technical competency map review and overall case based strategies
Should you be interested, please email email@example.com and mention UFEBlog.
To sum up, it may be a difficult day but it should not be the end of the world. The UFE is an exam which can be passed and with the right tools and focus, it can happen. I am here to help – do not hesitate to reach out to me.
For those who have passed and are reading this post, I would like to congratulate you. Remember that some candidates may not have been so fortunate, so do not forget to send words of encouragement their way.
Charles Zane is a Chartered Accountant (CPA, CA) residing in Montreal, Quebec. Specializing in CA and UFE exam teaching, coaching, and marking since 2010, Charles has worked with a variety of organizations to help students achieve success at various levels of the UFE process: Concordia University and McGill University Chartered Accountancy Programs, Densmore Consulting Inc., Professional Accounting Supplementary School as well as working one-on-one privately with students across Canada. Deeply committed to the success of UFE candidates, Charles has successfully prepared a number of students over the years to pass the Uniform Final Exam, whether it is be one-on-one coaching sessions, small group tutorials or teaching in front of several hundred UFE students as a Densmore instructor.
Overall, Charles works on developing skills for CA and UFE candidates in reading/planning, outlining, ranking issues, writing skills for sufficient depth, time management, stress management, technical competency map review and overall case based strategies. Evaluation of candidates’ strengths & weaknesses, study schedules and PAR reviews are other areas which Charles has assisted UFE candidates.
Charles has also completed his US CPA designation (registered with the State of Illinois) and an MBA from the Richard Ivey School of Business in London, Ontario. He is a member of CPA Quebec (formerly OCAQ –Quebec Order of Chartered Accountants) and CPA Ontario (formerly ICAO – Institute Chartered Accountants of Ontario).
For CA and UFE coaching information, please contact Charles at firstname.lastname@example.org and mention UFE Blog!
Sponsored posts are content that has been produced by a company, which is either paying for the post or has a business relationship with UFE Blog, and they’re always clearly marked. The content of regular posts produced by UFE Blog are never influenced by advertisers or sponsors in any way.