Thank you very much for the clear explanation. I just have a small clarification on Day 2 on CFE, do I have to choose 1 or 2 roles? My understanding from your video is only 1. However I think I watched a video that in PEP I need to choose 2 electives. I'm still in PREP and just started my journey, I still have a long way to go, but I thought it would be nice to know how this all works. Now that I'm learning Intermediate FR, I will certainly try my best, now I realized how important it is to learn financial reporting and management accounting. Also Can I ask what is the secret to be good at assurance? what subjects in Accounting should I focus on? Thank you!
Sorry for the late reply...really busy right now! For day 2 you choose one (1) role. However, for the modules in PEP (Core 1, Core 2, Elective 1, Elective 2) you have to choose 2 different electives. This is the modules that you have to take in order to write the CFE, the PEP modules. The secret to be good at assurance...really it is just writing as many assurance questions as you can. Like everything in life, it's about practice and a lot of work. Regarding what subjects in accounting you should focus on, as you can see from the video, you have to show knowledge for all 6 technical areas so there is no one topic you should focus on. You actually need to have a good knowledge of all of them. Hope that helps!
@@elsegrech ahhh Gotcha! Thank you for taking time out of your day to answer me. I will take this to heart...practice and a lot of work, and no shortcut:)
Thank you very much for the clear explanation. I just have a small clarification on Day 2 on CFE, do I have to choose 1 or 2 roles? My understanding from your video is only 1. However I think I watched a video that in PEP I need to choose 2 electives. I'm still in PREP and just started my journey, I still have a long way to go, but I thought it would be nice to know how this all works. Now that I'm learning Intermediate FR, I will certainly try my best, now I realized how important it is to learn financial reporting and management accounting. Also Can I ask what is the secret to be good at assurance? what subjects in Accounting should I focus on? Thank you!
Sorry for the late reply...really busy right now! For day 2 you choose one (1) role. However, for the modules in PEP (Core 1, Core 2, Elective 1, Elective 2) you have to choose 2 different electives. This is the modules that you have to take in order to write the CFE, the PEP modules.
The secret to be good at assurance...really it is just writing as many assurance questions as you can. Like everything in life, it's about practice and a lot of work.
Regarding what subjects in accounting you should focus on, as you can see from the video, you have to show knowledge for all 6 technical areas so there is no one topic you should focus on. You actually need to have a good knowledge of all of them.
Hope that helps!
@@elsegrech ahhh Gotcha! Thank you for taking time out of your day to answer me. I will take this to heart...practice and a lot of work, and no shortcut:)