Tag Archives: ufe 2013

UFE 2013 Globe and Mail Supplement

Just a reminder to all those who want the Globe and Mail newspaper insert of successful UFE writers of 2013, this will be out on Saturday, February 22nd according to CPA Ontario. Don’t forget to pickup yours!

Update: Sorry folks, looks like maybe this isn’t true. I was told by an ICAO (or CPA Ontario) rep that it would be today but judging from the comment it might not be accurate. Haven’t had a chance to check myself, yet.

You did not pass the UFE? … Some thoughts and perspective from an experienced UFE coach on what to do next

Today’s post is a sponsored guest post produced by Charles Zane, MBA, CPA, CA.

Anger, disappointment, loss of confidence and self-worth are among thoughts that one may go through when there is an unsuccessful UFE result. It’s not a fun day to go through. It’s not fair. Unfortunately, not everyone can pass the exam. It’s part of the profession and the examination process.

Fortunately, it is not the end of the world. As I mentioned in my blog post a few days ago, the world will not stop to turn on results day.  Your personal and professional life will move on and you can bounce back and re-focus.

Below is a list of 3 things that an unsuccessful UFE writer needs to consider following the receipt of their result:

(1) Reflect on the UFE process and the importance of the designation

There may be a number of reasons why the 2013 UFE did not work out. It is possible that you were not focused enough, had the wrong study buddy or group, had a bad day at the exam or simply had too much pressure, whether from yourself or others. Whatever the reason(s) may be, it is important to have an honest assessment of what went right and what went wrong. This is the first important step in order to achieve success on next year’s UFE. Also, it is important to also remind yourself of why you did the UFE in the first place: obtain the CA (now CPA, CA) designation – a very valuable and respected designation in the business world.

(2) Strongly consider ordering a PAR and think about the cost/benefit of a re-read

There are different schools of thought about ordering a PAR report. Some believe it will not be very helpful as you will be a different writer in 2014. Others, like myself, believe a PAR could be helpful to pinpoint areas of strengths and weaknesses on your performance at the UFE. Although a PAR is considered useful, it is important that this benefit will likely only be achieved if it is professionally reviewed by a competent UFE coach. If you review it on your own, you run the risk of ‘burning’ the 2013 questions when you re-attempt them and a self-serving bias may come into play of masking what the real issues were for you on the UFE. You may email me for further clarifications on whether or not to obtain a PAR report.

In regards to considering a re-read, it is really a personal decision and should be considered on a case-by-case basis. You can email me if you have questions if you are thinking about a re-read. Historically, the chances of passing on a re-read are miniscule and you may be better off spending your resources elsewhere.

(3) Think about getting specialized one-on-one coaching & mentoring

Here is the tricky part of my post: as a UFE coach, I am an advocate that most UFE candidates should get specialized coaching during parts (or all) of the UFE process. Notice that I did not state that all UFE candidates should get coaching (it’s not for everyone). The reality is that most candidates can benefit from experienced coaching for this exam. The same is true for both 1st year and repeat writers, but there is an added emphasis with repeat writers.

Over the years, I’ve had candidates tell me that the added benefits of coaching are as follows: keep them focused, on the right track, eliminating bad habits (constructive feedback), strengthening good habits (positive reinforcement) and be able to call or email me whenever something was wrong and they needed assistance. There are many steps to obtaining a successful UFE result, coaching can be one of them but so is the right study buddy/group, prep course, attitude, focus as well as what is going on with your life apart from the exam. Questions in this regard? You can email me and see a glimpse of the special offer below.

Special Consulting Session Offer:

For a limited time, I will be having special one-on-one consulting sessions with students who did not pass the UFE. The session is designed to help you figure out what went wrong during the 2013 UFE process and what can be done to help you achieve success for the 2014 UFE. You will need to email me your 2013 UFE results page from levels 1, 2 and 3.

Candidates who go forward with this session will be eligible for special pricing on the following services:

  • study schedule
  • PAR review analysis
  • customized case marking and coaching packages
  • coaching/mentoring sessions: reading/planning, outlining, ranking issues, writing skills for sufficient depth, time management, stress management, technical competency map review and overall case based strategies

Should you be interested, please email charles.zane@gmail.com and mention UFEBlog.

To sum up, it may be a difficult day but it should not be the end of the world. The UFE is an exam which can be passed and with the right tools and focus, it can happen. I am here to help – do not hesitate to reach out to me.

For those who have passed and are reading this post, I would like to congratulate you. Remember that some candidates may not have been so fortunate, so do not forget to send words of encouragement their way.

 Charles Zane is a Chartered Accountant (CPA, CA) residing in Montreal, Quebec. Specializing in CA and UFE exam teaching, coaching, and marking since 2010, Charles has worked with a variety of organizations to help students achieve success at various levels of the UFE process: Concordia University and McGill University Chartered Accountancy Programs, Densmore Consulting Inc., Professional Accounting Supplementary School as well as working one-on-one privately with students across Canada.  Deeply committed to the success of UFE candidates, Charles has successfully prepared a number of students over the years to pass the Uniform Final Exam, whether it is be one-on-one coaching sessions, small group tutorials or teaching in front of several hundred UFE students as a Densmore instructor.

Overall, Charles works on developing skills for CA and UFE candidates in reading/planning, outlining, ranking issues, writing skills for sufficient depth, time management, stress management, technical competency map review and overall case based strategies. Evaluation of candidates’ strengths & weaknesses, study schedules and PAR reviews are other areas which Charles has assisted UFE candidates.

Charles has also completed his US CPA designation (registered with the State of Illinois) and an MBA from the Richard Ivey School of Business in London, Ontario. He is a member of CPA Quebec (formerly OCAQ –Quebec Order of Chartered Accountants) and CPA Ontario (formerly ICAO – Institute Chartered Accountants of Ontario).

For CA and UFE coaching information, please contact Charles at charles.zane@gmail.com and mention UFE Blog!

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 Supplement in the Globe & Mail (2013 UFE)

A lot of you are wondering and asking about when the UFE supplement will appear in the globe and mail, including the names of the successful 2013 UFE writers.

The answer is… February 22, 2014.

So hang tight until then and enjoy your holidays. I’ll be sure to remind you sometime in February in case you forget.

UFE Supplement in the Globe & Mail (2013 UFE)

A lot of you are wondering and asking about when the UFE supplement will appear in the globe and mail, including the names of the successful 2013 UFE writers.

The answer is… February 22, 2014.

So hang tight until then and enjoy your holidays. I’ll be sure to remind you sometime in February in case you forget.

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.

2013 UFE Results Breakdown

Congratulations again to all those successful today. Here’s a quick (live) breakdown of the 2013 UFE results. I did this quickly so it may have some errors (feel free to point them out) but I think it’s accurate. As more information becomes available it will be updated.

Head here if you’re not sure where to find you results!

Total Successful Candidates in 2013: 3,032 (vs. 3,077 in 2012)

Successful in CASB (West): 1,077  (vs. 1,007 in 2012)
Successful in Ontario: 1,201 (vs. 1,279 in 2012)
Successful in Quebec: 617 (8 Honour Roll) (vs. 642 in 2012)
Successful in Atlantic Canada: … (vs. 149 in 2012)

  • New Brunswick: 34
  • Nova Scotia: 59
  • P.E.I.: 21

Medallists in 2013

NATIONAL Gold Medallist: George Nicholas Christian TSAI, Ernst & Young LLP, Toronto – University of Waterloo, Master of Accounting, 2013

Western Canada Gold Medallists: Ross Johnson, PricewaterhouseCoopers LLP – Calgary (AB)

 Quebec Gold Medallist: Francis Corriveau-Sauvé, an HEC Montréal graduate and trainee at PricewaterhouseCoopers in Montreal

Atlantic Canada Gold Medallist: John Alexander and Liam Murphy placed on the 2013 CICA National Honour Roll, tying for first in Eastern Canada

 

News and Press

 A reminder: UFE Pass Rates are no longer published, only the number of candidates successful.

2013 UFE Results | Résultats de l'EFU de 2013

At long last, it’s UFE results days!

Candidates in Quebec will be receiving their UFE (EFU) results at 7pm tonight, the rest of you tomorrow. I think it’s a long standing tradition that most candidates awaiting (or receiving) results will be partying tonight – enjoy!

UFE Blog will be posting results related press and information as it pops up. Head below to find your results.


 Quebec (EFU Results)

November 28, 2013 @ 7pm

http://ocaq.qc.ca/become-a-cpa-ca/university-students-graduate-students-and-cpa-ca-candidates/uniform-evaluation-ufe/2013-ufe-results.html

Congratulations to the 617 Quebec candidates receiving good results! Félicitations!

8 Honour Roll candidates announced!


 Ontario Results

November 29, 2013 @ 12pm

Now available: http://www.cpaontario.ca/7CB9/index.aspx

Congratulations to the 1,201  candidates receiving good news!


CA School of Business (Western Canada)

November 29, 2013 @ 7:00am PST/8:00am MST/9:00am CST

Accessed through your Candidate Portal

http://casb.com/CurrentStudents/UFE.aspx

Congratulations to the 1,077 CASB candidates receiving good news!


 

Atlantic School of Chartered Accountancy: http://www.asca.ns.ca/cur_contact.htm

 Chartered Accountants of New Brunswick

November 29, 2013 @ 9:30 am

http://www.nbica.org/english/ufe-release.htm

Congratulations! 34 candidates in New Brunswick are on the list!


Chartered Accountants of Nova Scotia

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icans.ns.ca/

Congratulations! 59 candidates in Nova Scotia are on the list! 


Chartered Accountants of PEI

November 28, 2013 @ 5pm (Commenter’s feedback – thanks!)
http://www.icapei.com/

Congratulations to candidates receiving the happy news in PEI tonight!


Chartered Accountants of Newfoundland and Labrador

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icanl.ca/

2013 UFE Results | Résultats de l’EFU de 2013

At long last, it’s UFE results days!

Candidates in Quebec will be receiving their UFE (EFU) results at 7pm tonight, the rest of you tomorrow. I think it’s a long standing tradition that most candidates awaiting (or receiving) results will be partying tonight – enjoy!

UFE Blog will be posting results related press and information as it pops up. Head below to find your results.


 Quebec (EFU Results)

November 28, 2013 @ 7pm

http://ocaq.qc.ca/become-a-cpa-ca/university-students-graduate-students-and-cpa-ca-candidates/uniform-evaluation-ufe/2013-ufe-results.html

Congratulations to the 617 Quebec candidates receiving good results! Félicitations!

8 Honour Roll candidates announced!


 Ontario Results

November 29, 2013 @ 12pm

Now available: http://www.cpaontario.ca/7CB9/index.aspx

Congratulations to the 1,201  candidates receiving good news!


CA School of Business (Western Canada)

November 29, 2013 @ 7:00am PST/8:00am MST/9:00am CST

Accessed through your Candidate Portal

http://casb.com/CurrentStudents/UFE.aspx

Congratulations to the 1,077 CASB candidates receiving good news!


 

Atlantic School of Chartered Accountancy: http://www.asca.ns.ca/cur_contact.htm

 Chartered Accountants of New Brunswick

November 29, 2013 @ 9:30 am

http://www.nbica.org/english/ufe-release.htm

Congratulations! 34 candidates in New Brunswick are on the list!


Chartered Accountants of Nova Scotia

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icans.ns.ca/

Congratulations! 59 candidates in Nova Scotia are on the list! 


Chartered Accountants of PEI

November 28, 2013 @ 5pm (Commenter’s feedback – thanks!)
http://www.icapei.com/

Congratulations to candidates receiving the happy news in PEI tonight!


Chartered Accountants of Newfoundland and Labrador

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icanl.ca/

Memories of UFE 2013 – Results Soon

With three weeks to go until the UFE results for 2013 writers are released, I can see by the traffic level that it’s starting to creep back into your thoughts. UFE results anxiety is back.

I’ve written some basic tips about dealing with the anxiety but the truth is you’re just going to have to be patient and wait the next three weeks out with everyone else. If it helps, you’re welcome to use the comments to vent. There are plenty of others in your shoes and many who have been there before that come by here.

 

UFE Results Day

Unfortunately there is not one single place where the results are released for all candidates. You’ll have to find out where your institute/ordre is putting them. Some are still publicly broadcast for all to see and others are released privately by your candidate number.

 Ontario Results

November 29, 2013 @ 12pm

http://www.cpaontario.ca/ufe2013/


Quebec (EFU Results)

November 29, 2013

http://ocaq.qc.ca/become-a-cpa-ca/university-students-graduate-students-and-cpa-ca-candidates/uniform-evaluation-ufe/2013-ufe-results.html


CA School of Business (Western Canada)

November 29, 2013 @ 7:00am PST/8:00am MST/9:00am CST

Accessed through your Candidate Portal

http://casb.com/CurrentStudents/UFE.aspx


Atlantic School of Chartered Accountancy: http://www.asca.ns.ca/cur_contact.htm

 Chartered Accountants of New Brunswick

November 29, 2013 @ 9:30 am

http://www.nbica.org/english/ufe-dates.asp


Chartered Accountants of Nova Scotia

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icans.ns.ca/


Chartered Accountants of PEI

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icapei.com/


Chartered Accountants of Newfoundland and Labrador

November 29, 2013 (@ 9:30am I believe – but not confirmed)

http://www.icans.ns.ca/

Pin It on Pinterest