Today is a guest blog post from Gus Patel who successfully completed the 2013 UFE
I hope everyone took the time to relax and enjoy the long weekend. Many of you will be starting some sort of “pre-SOA preparation”, be it an internal prep program, or your own study plan before June. I wanted to take the time to quickly address a very important point very early on in this process for new candidates: do not get overwhelmed by the wealth of knowledge available to you during the school and within your programs.
When I wrote the SOA in 2012, I decided to be proactive and print out all my internal prep program materials, all the materials on the Boot Camp on the CPA website, along with all my Densmore study guides. What I was left with after several hours of printing was easily over 3,000 pages of information, prior cases, strategy notes, etc. which sat firmly atop my desk at home. Staring at this massive pile, a large overwhelming feeling looming over me – how was I supposed to get through all this information in just a few months?
The reality is – you can’t possibly learn all there is to know about accounting in just a few short months. The commitment you’ve taken on to learn this information will last more than just your time studying to pass the SOA and UFE. To be a CPA/CA is establishing an ongoing commitment to professional development.
While I am not discounting the value of going through all this information – do not to get too stressed out and overwhelmed by the volume available to you during your studies. The most important and critical thing you can do is learn to write cases which means write cases and debrief them well.
You may be tempted to dedicate a large portion of time to just studying and memorizing technical, just like you did for exams in school, but this exam is very different, and the only way to learn how to score in these cases, is to practice cases. The technical knowledge you need, you will learn directly from debriefing the cases. In fact, you might be surprised as you go through the cases, how much (or little) “technical knowledge” you might need for competent on a given indicator.
What are you doing to prepare for the 2014 School of Accountancy?