Many of you, especially in Ontario, have been asking: what do I do now that I passed/didn’t pass the the CKE? What if I’m not in Ontario, what do I do?
The basic plan is to start with some more technical study and then work on your case writing muscles through the SOA (in Ontario) until the UFE. You want to have your technical knowledge down early because later on there won’t be much time to study it in depth since you’ll be working on cases.
Your skeleton Ontario schedule might look something like this:
January – February: Technical review and study (Wait! don’t panic! If you’re too busy it’s okay to take the time off from UFE study)
March – April: Technical review and study while starting writing cases, perhaps one per week or two. This will correspond with your courses if you’re taking one where you’ll learn some case writing techniques.
May: In Ontario this is pre-SOA time, you’ll continue to get into case writing, definitely doing one per week at this point.
June: School of Accountancy – long days and lots of case writing but very manageable.
July: Take a breather here while you wait for results. Yep, take the time to rest and recover because August is busy.
August: You’ll get introduced to UFE cases here and start writing a few.
August – September UFE Study Time: You will take off three weeks from any work to write/debrief cases 5 days a week and 8 hours a day leading up to the UFE.
September 9, 10 and 11th – the Big Day – the 2014 UFE! Hard to believe it’s only 221 days away.
See? It’s not so bad.
There are plenty of other paths. Some people work much harder, others don’t lift a finger until June but I think your average candidate follows this path (in Ontario, anyway). Other provinces have a much earlier focus on cases (and have two year programs in some cases). For example, in the CASB program you will have to pass a module in July so you will have to adjust your steps slightly. I believe it’s similar in Quebec as well.
A word on technical study from now on
The level of UFE technical is different from the CKE and also different from what you learned in University. It is not as high as you probably think. Both PASS and Densmore offer UFE-level technical study guides. I used the Densmore one and thought it was fantastic so I will continue to recommend it to candidates going forward. However, the best source of technical knowledge for the UFE will be the UFE (and SOA) solutions themselves. We’ll talk more about this in the future.
Past candidates: How did you study for the UFE? Tell us in the comments!
Today’s candidates: What are the big questions you still have?