Saw that over on CA Accounting Designation Revealed, they’ve got a Podcast up of an interview with Kayla Switzer discussing everything UFE for experienced writers. It sounds like a good listen for anyone rewriting the UFE this year so head on over and check it out!
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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.com. Feel free to contact Kayla if you have any questions or just want to vent! Kayla has experience with the CASB program in the West.
We are coming to the end of January and busy season is in full swing for most people. If you are really busy and stressing that you don’t feel organized for the UFE, don’t worry. Stop stressing! It’s okay to forget about the UFE now for a few months while you work hard during busy season. You shouldn’t be studying now anyway, it’s too early and if you do you’ll get burned out. Especially if you are also working long hours for busy season.
You can start getting organized when busy season slows down. Most people don’t have their schedule yet so you’re not alone. There’s lots of time this summer to study and work on weaknesses, so don’t worry about that now.
One thing you can start thinking about is how much time you want to take off this summer. It’s a good idea to take time off before you start studying so you allow yourself a bit of a summer before you start studying. I took a month off in my second UFE summer! It was such a great thing for me because when I started studying I was totally relaxed and rejuvenated and ready to study instead of tired and burned out from work.
As always, if you have any questions please feel free to email me through my website or at ExperiencedUFE@gmail.com. I love hearing from you, so keep the emails coming with questions and concerns! And if you’re looking for a mentor and you’re interested in working with me, I’d love to hear from you!
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.com. Feel 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.
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!
Today I’m very happy to introduce a new contributor that brings a different perspective to UFE Blog! Kayla Switzer, author of the popular book for experienced UFE writers I Failed the UFE! Now What? A survival guide will be teaming up with me over this UFE season to bring even more great content for the 2013 UFE writers. I’m very excited to welcome Kayla and we’re both looking forward to helping the next cohort of writers.
In the coming months, we will post topics to guide writers, both first time and experienced, in the right direction. Writing the UFE is hard! But we have been there before and we are here to help you pass. The blog posts that Kayla will contribute are also available on her blog and you can contact her with questions at anytime through her website www.KaylaSwitzer.com
Here’s a little more about Kayla:
Kayla Switzer wrote the UFE and failed. She realized very quickly that experienced writers do not get the same support as first time writers, but she was determined to succeed on her second attempt. To ensure success she made phone calls, wrote emails and spoke with anyone who was willing to help her pass the UFE. After successfully completing the UFE, Kayla wrote the book “I Failed the UFE! Now What? A survival guide” because she wanted experienced writers to learn from her experiences and know that they are not alone. You are not alone!
Kayla Switzer articled with PricewaterhouseCoopers, LLP in Vancouver, BC. She is a Chartered Accountant and continues to be a mentor for experienced writers.