Tag Archives: repeat writer

The post UFE-results experience, from an “experienced writer”

Hi readers!  My name is Gus Patel, and I have offered to help with updates to content on the UFE Blog.  I have recently been in your situation, having written the 2013 UFE.  Currently, I work as an Audit Senior at BDO Canada LLP.  In my spare time, I enjoy being active, as well as teaching students about accounting concepts.

Last Thursday and Friday were the days.

They were the days you’ve been waiting 12 weeks for. After writing, what might possibly be one of the most challenging and mentally exhausting exams of your life, it’s finally UFE results day.  You are anxious, quivering nervous excitement, hoping desperately to see your name on the UFE results page.  As it gets closer to the final hour your heart beats as you constantly refresh the main results page at 12:00 sharp in Ontario.  You quickly scroll through the page, not finding your name through a quick glance, you decide to look up and down the page, but your name is not there….  You sit back like you just hit a brick wall, and you get that deep sinking feeling in your stomach. I failed the UFE!  

Sorry, I know that was a bit dramatic, but for some people it is not too far from how you’re feeling, trust me – I was in that situation too.  Your mind often has a way of hyping a situation to always be the “be-all-and-end-all” situation.  That if you don’t pass the UFE the first time, that the world will be over.  It may feel that way at first, but at some point you’ll come to realize that it was just an exam (maybe not just any exam).

Looking back on the experience, I think the hardest thing to me was looking my eager friends, family, and my girlfriend, who were also anxiously waiting for me to tell them that I had passed, that I didn’t.  Of course, then there is that awkward moment where they stumble to try and find their words to console you.  I think the last thing any writer who doesn’t make it through the process wants to hear is, “Don’t worry – you’ll study hard and do it again next time”.  Not a lot of people can understand what you went through.  On a positive note, hopefully soon after, you will run into a successful repeat writers, perhaps several in your office – they will reach out to you in understanding support.  Actually, looking back I was really surprised by how many people did reach out to me, even being at one of the Big-4 firms.

The first thing to get into your head is, it does happen, people can be unsuccessful the first time, or even the second or third time writing, you can fail this exam.  The Board of Evaluator’s objective is designed to do just that!  It doesn’t mean that you can’t do it.  If you get the UFE Success book by Densmore (which I strongly suggest you do at some point) it has some strong statistics, “… the flow-through rates (of the UFE) are as high as 99% in ASCA, are averaging around 97% in British Columbia and have historically been around 94% in Ontario but are rising. These statistics demonstrate that experienced writers can, and are, making it through the system. Passing the UFE is a very achievable goal.”  If nothing else, keep that in your head.  You can pass.

As for now, if you have just found out that you had an unsuccessful attempt, do not fret – it’s okay in the moment to feel upset, angry, emotional… it’s part of being human, but do not let it consume you.  I am a strong believer that things do happen for a reason, and coincidentally enough, there is always a reason behind why you didn’t pass.  It wasn’t an anomaly I can assure you of that.

You have questions, I know you do.  Luckily for you, I’ve been through this process once –  I was very meticulous in my second attempt in trying to reach at every possible resource in order to gain an advantage along my 2nd attempt, and I want to pass every bit of it to you.  Like I said, you can do this – if you really want to.  Looking back on it a year later, believe it or not, it is somewhat of a blessing in disguise because it will make you a stronger person.

However, do not fret about any of it for now.  First order of business I want you to do is nothing.  When I say nothing, I mean it – keep your head out of the UFE game, it is of ultimate priority that you rest and recover so that you can hit next year ready to attack.  Your goal in the next little while is reach to your friends and loved ones for support, get past the feeling of depression, self pity and doubt, and relax and forget all about this process.  Have fun again and enjoy the holidays, and don’t even think about the UFE until the beginning of next year.

There are more resources than ever today for repeat writers. Don’t worry, UFE Blog will be right here, helping along the way.

A note from Tom, the UFE Blogger:

I want to personally congratulate Gus, who I’ve worked with for some part of this year. I was nervous to be one of the people clicking refresh on the results page at 12 noon. I was even more thrilled to see Gus’ name there shortly after. I’m happy to bring Gus’ voice, as an experienced writer, to this blog and I hope that the many candidates that must write the UFE a second or third time benefit from his experience and support. Congratulations Gus!

The post UFE-results experience, from an "experienced writer"

Hi readers!  My name is Gus Patel, and I have offered to help with updates to content on the UFE Blog.  I have recently been in your situation, having written the 2013 UFE.  Currently, I work as an Audit Senior at BDO Canada LLP.  In my spare time, I enjoy being active, as well as teaching students about accounting concepts.

Last Thursday and Friday were the days.

They were the days you’ve been waiting 12 weeks for. After writing, what might possibly be one of the most challenging and mentally exhausting exams of your life, it’s finally UFE results day.  You are anxious, quivering nervous excitement, hoping desperately to see your name on the UFE results page.  As it gets closer to the final hour your heart beats as you constantly refresh the main results page at 12:00 sharp in Ontario.  You quickly scroll through the page, not finding your name through a quick glance, you decide to look up and down the page, but your name is not there….  You sit back like you just hit a brick wall, and you get that deep sinking feeling in your stomach. I failed the UFE!  

Sorry, I know that was a bit dramatic, but for some people it is not too far from how you’re feeling, trust me – I was in that situation too.  Your mind often has a way of hyping a situation to always be the “be-all-and-end-all” situation.  That if you don’t pass the UFE the first time, that the world will be over.  It may feel that way at first, but at some point you’ll come to realize that it was just an exam (maybe not just any exam).

Looking back on the experience, I think the hardest thing to me was looking my eager friends, family, and my girlfriend, who were also anxiously waiting for me to tell them that I had passed, that I didn’t.  Of course, then there is that awkward moment where they stumble to try and find their words to console you.  I think the last thing any writer who doesn’t make it through the process wants to hear is, “Don’t worry – you’ll study hard and do it again next time”.  Not a lot of people can understand what you went through.  On a positive note, hopefully soon after, you will run into a successful repeat writers, perhaps several in your office – they will reach out to you in understanding support.  Actually, looking back I was really surprised by how many people did reach out to me, even being at one of the Big-4 firms.

The first thing to get into your head is, it does happen, people can be unsuccessful the first time, or even the second or third time writing, you can fail this exam.  The Board of Evaluator’s objective is designed to do just that!  It doesn’t mean that you can’t do it.  If you get the UFE Success book by Densmore (which I strongly suggest you do at some point) it has some strong statistics, “… the flow-through rates (of the UFE) are as high as 99% in ASCA, are averaging around 97% in British Columbia and have historically been around 94% in Ontario but are rising. These statistics demonstrate that experienced writers can, and are, making it through the system. Passing the UFE is a very achievable goal.”  If nothing else, keep that in your head.  You can pass.

As for now, if you have just found out that you had an unsuccessful attempt, do not fret – it’s okay in the moment to feel upset, angry, emotional… it’s part of being human, but do not let it consume you.  I am a strong believer that things do happen for a reason, and coincidentally enough, there is always a reason behind why you didn’t pass.  It wasn’t an anomaly I can assure you of that.

You have questions, I know you do.  Luckily for you, I’ve been through this process once –  I was very meticulous in my second attempt in trying to reach at every possible resource in order to gain an advantage along my 2nd attempt, and I want to pass every bit of it to you.  Like I said, you can do this – if you really want to.  Looking back on it a year later, believe it or not, it is somewhat of a blessing in disguise because it will make you a stronger person.

However, do not fret about any of it for now.  First order of business I want you to do is nothing.  When I say nothing, I mean it – keep your head out of the UFE game, it is of ultimate priority that you rest and recover so that you can hit next year ready to attack.  Your goal in the next little while is reach to your friends and loved ones for support, get past the feeling of depression, self pity and doubt, and relax and forget all about this process.  Have fun again and enjoy the holidays, and don’t even think about the UFE until the beginning of next year.

There are more resources than ever today for repeat writers. Don’t worry, UFE Blog will be right here, helping along the way.

A note from Tom, the UFE Blogger:

I want to personally congratulate Gus, who I’ve worked with for some part of this year. I was nervous to be one of the people clicking refresh on the results page at 12 noon. I was even more thrilled to see Gus’ name there shortly after. I’m happy to bring Gus’ voice, as an experienced writer, to this blog and I hope that the many candidates that must write the UFE a second or third time benefit from his experience and support. Congratulations Gus!

Advantages of failing the UFE

Today’s post is a sponsored guest post produced by exaMENTOR.

In the words of Winston Churchill, “Success is stumbling from failure to failure with no loss of enthusiasm.” And he knew what he was talking about. Churchill had failed the sixth grade, and went on to lose the election in every public office role he ran for. Despite these many setbacks, he was eventually elected British prime minister at the age of 62.

So the UFE results came out and you did not see your name on the list. You did not pass the UFE. At this point, you start to doubt many things – whether you’ll pass it next year, whether you’ll make a good professional accountant and whether the stars will ever align for you to finally receive your designation. You are feeling lost, confused and uncertain. What went wrong? What do I do now? How do I start again?

While it might seem of little consolation at the time, your failure to pass the UFE places you, ironically enough, in an exclusive club. Here are some of its members:

  • Henry Ford’s first three companies were flops: the first one went out of business, he abandoned the second and the third went downhill because of declining sales.
  • After an early performance, Elvis Presley was told by the manager of the legendary Grand Ole Opry, “You ain’t going nowhere, son. You ought to go back to driving a truck.”
  • Thomas Edison’s teachers told him he was “too stupid to learn anything.”
  • Soichiro Honda was left unemployed after he was rejected for an engineering job at Toyota.
  • JK Rowling was fired from her secretarial jobs because she was caught writing creative stories on her computer.
  • Walt Disney was fired by a newspaper editor because he “lacked creativity.”

The list goes on. Admittedly, it can be difficult to associate your own struggles with those on this list of famous celebrities. The point is that we all experience failure. Don’t be surprised during a frank conversation with some of the folks in corner offices when you hear stories about how they too encountered failure, including not passing the UFE on the first attempt.

So is it simply a coincidence that all of these successful people encountered failure at some point in their lives? Or could it be that failure is a necessary stumbling block on the path to success? Perhaps we need to experience failure to become more motivated to achieve our goals, to build “thicker” skin, to learn to never to give up, and to prevail despite temporary setbacks? Although it can seem counterintuitive, failure is not merely a coincidence in these and countless other success stories. It is not a stretch to say that the failures experienced by successful people actually lay the foundation for their future successes. Each person takes away particular lessons from their personal failures, but what they share in common is their commitment to their long-term goal and the courage to struggle towards it. They did not give up, sit back and simply accept what they were told by their bosses, peers or potential employers. With their personal goal at the center of their focus, they kept at it and proved all of those doubting people wrong.

You are probably thinking that this is not the whole story. Even if failure is a necessary and inevitable part of eventual success, doesn’t failure also result in a lot of personal misery, disappointment and under-achievement? This is also true. Not everyone who fails at something will later succeed in it. However, every one who has failed and who embraces their failure will. It’s about caring enough about yourself and what you’re doing to take on the challenge again, to work hard and have patience.

Dealing with failure is an opportunity for inner growth. Embrace it. This is the time to get stronger by understanding and addressing your weaknesses. This is your opportunity to become an unstoppable machine that slowly and steady approaches your destination—success.

So what’s the moral of the story? While you need to give yourself some time to mope around and deal with your feelings, please understand that you are not alone. Seek out and talk to people who have had similar experiences. After sometime, start thinking about what you need to do next. Revisit your preparation process to figure out what went wrong and what you should change to do better next year.  Most importantly, get help. You do not need to struggle through this process alone. So get up, dust yourself off and have the courage and to work harder and work smarter. Your name will be on that list next year.

As Maya Angelou said, “You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats, so you can know who you are, what you can rise from, how you can still come out of it.”

Historical examples used in this posted are based on We got fired! by Harvey Mackay and www.businessinsider.com.

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.

UFE Podcast for second time writers

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!

Getting organized before busy season

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.comFeel 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!

Kayla

What is your weakness? Know what your transcript is saying!

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.comFeel 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.

Transcript Sample

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!

You failed the UFE. F**k!

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

You failed the UFE. F**k! By now it is probably settling in, but it doesn’t feel good. It feels horrible. You are devastated. Failing the UFE sucks!

I know as well as anyone how that feels. When I failed I felt like I would never be able to show my face at work again. I hated seeing people! Failing the UFE made my normally fun, upbeat self into a bedraggled poor-me self. It wasn’t pretty. But it does get better, I promise.

But right now you feel awful.

Remember that you are not alone. There are so many people who have failed the UFE before, so search them out and use them as a resource. If you’re anything like me your head is spinning with questions right now! Ask questions so you can put your mind at ease. I didn’t want to talk to anyone at this time though. I didn’t care if they had failed the UFE or not, I just didn’t want to talk about it. I wasn’t ready to talk until January, so if it takes you some time to feel ready that’s okay. Don’t rush yourself, there’s still lots of time.

And if email is better, feel free to shoot me an email. I’m always ready to answer questions. And sometimes it’s easier to ask over email, right? Email me through my website at www.KaylaSwitzer.com. I’m always available.

Introducing a new guest blogger!

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.

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