CKE

Congraulations to May CKE Writers!

Many congratulations to the successful CKE writers who are receiving happy results today. And hey, it’s a long weekend so go out there and enjoy the air, the parties or whatever else makes you happy. Congrats!

You can view the results at the link below:

http://www.cpaontario.ca/cke2014/

To those that aren’t receiving positive results today: I’m really sorry to hear you didn’t receive good news. Nothing can be done immediately so I suggest that you take the weekend and some time after to reflect and decide your next steps. It can no doubt be frustrating and I wish I had more consoling words for you. There are many paths to the same place and good decisions are made with a clear head which you may not have right away.

Good luck CKE Writers!

Best of luck and wishes to all those in Ontario writing the CKE tomorrow (or today!)

At least you will be able to focus 100% on case writing after this but do take the rest of the week off at minimum to transition.

CKE, May edition and SOA around the corner

It has been entirely too long since I sat and updated things around here. Sorry about that – it’s been one heck of a busy few months for me. The good news is that I think most of the best content is already here so nothing is stopping you from having a look around and using it! Now back to business…

CKE, May edition

The CKE is right around the corner. For some this will be a nervous second (or third+) attempt and for others this will be their first go at it. Hopefully you’ve taken the advice offered here many times – study similar to what worked for you in University. With the CKE only a little more than a week away, I’d also suggest you stick pretty much to writing practice exams at this point, of which there are many available. Best of luck in this remaining week!

Assuming positive results after the May sitting, you needn’t worry about somehow being behind January writers. In fact, your technical will be fresher so you’re in a great position.

SOA around the corner

For the rest of the folks, you’ve no doubt been getting introduced to cases through your prep courses or on your own recently. We’ve talked about some loose schedules in the past and while it’s good to be getting more and more proficient with cases, you’ll really start picking it up during SOA in June (for Ontario). I know a lot of other provinces introduce/practice cases a lot more throughout their two year programs so it’s a little different.

Just a reminder, SOA can be tough for a lot of people. They will be long days and it’s easy to get burned out so the key in May for you is to enter June with your A-game. Don’t overdo it in May in anticipation of SOA. If you think about it, you’re writing 20+ cases in June, which will get you quite a bit of experience very quickly. The only cases that count though are the four taking place June 24-25 so always keep that in mind and plan accordingly.

Congratulations! CKE 2014 January Results

I’ll echo the congratulations to the 899 successful writers of the January, 2014 Core Knowledge Exam in Ontario!!

For the full list of successful writers head here.

You will get your decile information on Monday and then you can rest a while – no need to jump into SOA just yet. Enjoy the weekend and get through the busiest part of the year for many first!

And a reminder, not everyone gets good news today – be kind and supportive to those that need to go at it again. This is a difficult exam and it can be particularily difficult for many who will otherwise excel on the SOA and UFE, a much, much different exam.

Again – Congratulations!!

2014 January CKE Results Tomorrow

It’s been a nervous three week wait for Ontario candidates who wrote the Core Knowledge Exam earlier this month. We’ve had some pretty nervous people in the comments and the general consensus seemed to be that the exam was really damn hard. While there’s no scientific way to check, I’m confident that most people will do better than they thought as in years past. Please let us know in the comments!

Happy partying tonight if that’s what you’re up to and don’t forget:

2014 January Core Knowledge Exam results will be found here at 10 AM – Friday, January 24, 2014!

Best wishes and good luck to all! Almost through this one.

Congratulations! You’ve finished the CKE

Congratulations to all the Ontario candidates today that have just finished up writing the 2014 Core Knowledge Exam!

Coming out of the CKE can range from relief because it was easier than you imagined or on the opposite end you might feel a bit worried because you had to make a lot of choices between the two best picks. The good news is that there are probably a lot of people in the same boat which, explained below, might work in your favour. In any event, it’s done now so put it down. Busy season is just around the corner to keep your mind off of things. Here’s a little more about next steps.

What the heck are they doing for three weeks?

I have no inside knowledge of the marking process but given the quality control over the SOA and UFE I suspect that the ICAO does a fair bit of analysis on these results.

What I can tell you is that the CKE is marked and compared to previous years’ CKEs. As you may be aware, the questions on the CKE are kept secret so they can be reused between years (obviously swapped around). After the comparisons are done and analyzed  I suspect that the ICAO sets a passing standard that maintains some minimum overall long-term benchmark. This typically results in a higher percentage of people passing in January than in May. This form of setting the cutoff would ensure that neither session of the CKE is easier than the other since you’re not only compared to the overall group but also to other groups that has written the CKE in the past.

What will you see in the result?

You’ll get a few pieces of information on results day.

You’ll get an overall SUCCESSFUL/NOT SUCCESSFUL result.

You’ll get an overall decile score. What’s a decile? In short, all students are split up into 10 equal groups based on their ranking. Ten is the lowest rank (bottom 10%) and One is the highest (top 10%). Anything 6-10 is below average and anything 1-5 is above average. As I’ve mentioned previously, from my experiences with people, based on mock exams, those getting in the high 50s and in the 60s are typically in the top deciles. Those in the high 40s and in the 50s are somewhere around the 3-8th decile. Of course, how you perform exam day can be different than mocks. A lot of people will be surprised by the decile ranking they get because they associated 50s with doing badly.

You’ll also get a decile ranking for each competency area. This means you’ll find out how you did in PMR vs. everybody else. A lot of people blow off tax for CKE thinking that the effort (amount to cover) vs. reward (# of marks) ratio is too low so you may be surprised how you rank in tax as well. Either way, this is a good place to get to understand where your weaknesses are for SOA.

Those scoring below 5th decile will also get a warning on their result that they are below average and should brush up on things. Thanks CPA Ontario! 🙂

Congratulations! You've finished the CKE

Congratulations to all the Ontario candidates today that have just finished up writing the 2014 Core Knowledge Exam!

Coming out of the CKE can range from relief because it was easier than you imagined or on the opposite end you might feel a bit worried because you had to make a lot of choices between the two best picks. The good news is that there are probably a lot of people in the same boat which, explained below, might work in your favour. In any event, it’s done now so put it down. Busy season is just around the corner to keep your mind off of things. Here’s a little more about next steps.

What the heck are they doing for three weeks?

I have no inside knowledge of the marking process but given the quality control over the SOA and UFE I suspect that the ICAO does a fair bit of analysis on these results.

What I can tell you is that the CKE is marked and compared to previous years’ CKEs. As you may be aware, the questions on the CKE are kept secret so they can be reused between years (obviously swapped around). After the comparisons are done and analyzed  I suspect that the ICAO sets a passing standard that maintains some minimum overall long-term benchmark. This typically results in a higher percentage of people passing in January than in May. This form of setting the cutoff would ensure that neither session of the CKE is easier than the other since you’re not only compared to the overall group but also to other groups that has written the CKE in the past.

What will you see in the result?

You’ll get a few pieces of information on results day.

You’ll get an overall SUCCESSFUL/NOT SUCCESSFUL result.

You’ll get an overall decile score. What’s a decile? In short, all students are split up into 10 equal groups based on their ranking. Ten is the lowest rank (bottom 10%) and One is the highest (top 10%). Anything 6-10 is below average and anything 1-5 is above average. As I’ve mentioned previously, from my experiences with people, based on mock exams, those getting in the high 50s and in the 60s are typically in the top deciles. Those in the high 40s and in the 50s are somewhere around the 3-8th decile. Of course, how you perform exam day can be different than mocks. A lot of people will be surprised by the decile ranking they get because they associated 50s with doing badly.

You’ll also get a decile ranking for each competency area. This means you’ll find out how you did in PMR vs. everybody else. A lot of people blow off tax for CKE thinking that the effort (amount to cover) vs. reward (# of marks) ratio is too low so you may be surprised how you rank in tax as well. Either way, this is a good place to get to understand where your weaknesses are for SOA.

Those scoring below 5th decile will also get a warning on their result that they are below average and should brush up on things. Thanks CPA Ontario! 🙂

CKE 2014 – Good Luck!

To all the candidates in Ontario who are writing the CKE tomorrow morning: I want to wish you the best of luck!

You have no doubt spent many hours preparing yourself for this and for many it’s the toughest exam because you’re most nervous and it’s a multiple choice, very technical exam.

Please take today off to let your brain rest and recover. All that counts is that you’re on your A-game tomorrow.

Again – best of luck to all!

CKE Discussion and Questions

As we get closer to the CKE on January 6, 2014 I’m sure many of you writing will have questions and things to discuss. I won’t be adding a heck of a lot of new stuff as the CKE has been pretty well covered in previous posts so I’ll leave this at the top for you to use the comments to discuss and ask questions.

UFE Blog’s CKE reading list…

As I’ve mentioned before, the CKE can be the toughest exam for many of you. It was for me. You’re most nervous because it’s the first ‘professional exam’ and it’s a very technical exam so of course there’s a lot to know. Keep it in perspective – most people pass and worst case, you do have another chance in May.

Do keep studying but do take a little time for the holidays. Happy Holidays to all.

What kind of marks to expect in your CKE mock exams

When I wrote the CKE and every year since I’ve seen similar mock marks so this post comes with a good bit of experience.

What kind of marks you should expect on your mocks before the CKE?

As most of you know, the CKE cutoff marks are not released publicly so nobody really knows what the passing grade is so of course this is just an educated guess based on my experience I’ve mentioned above.

By the time the CKE rolls around, in late December, you’re performance, on average, will be in the 40-60% range. This may seem low but it’s what I’ve consistently see on the Densmore, Dunlop and PASS exams. The Norgrove are a different story and I don’t include this because they are at a higher level of difficulty and should be used for a different purpose than grading yourself.

I’ve known people scoring in the 50-60% category before the CKE achieve 1st decile so I’m confident if you’re in the 60%+ area you’re in very good shape to achieve 1st decile.

I hope that gives everybody some perspective and prevents some panic as you start doing more and more mock exams leading up to the real thing. The CKE, for many, is the most nerve wracking exam so hang in there and keep at it but don’t forget to stay sane and not go overboard either.

What kind of marks are you seeing on your mocks?

 

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