Great video. I work in industry, and you suggested assurance and pm elective. I will be sitting next to so many candidates who knows audit in and out. Would that lower my chances to pass assurance as I got no experience it?
Thanks for the comment Zahra. For CFE, I don't think it's a competition to see who is the 'best' audit expert. Your goal is to check off what the markers are looking for and ultimately pass the exam. - Candidates who work in audit may get additional exposure and different elements of audit, but the assurance role for CFE is marked the "CPA way". - Knowing additional/excessive knowledge may be irrelevant to what's tested. As long as you write your cases in alignment to the CPA feedback guide and have a sense of what the marker is looking for, you are not at risk of a lower chance to pass. Assurance is a good choice even for those working in industry because it offers high flexibility. It doesn't matter which company you may change in the future, or even which country, they will comply to IFRS worldwide. Versus, if you picked tax, you are learning CAD tax, and it won't be very relevant/applicable such as e.g. Australia.
Hey bro, What do you think about Finance/PM? PM is my first choice, but I am not sure between Assuance and Finance. I dont know if Assurance would be any helpful in industry??
Yes I can see that working. Finance/PM would have good chemistry together. - Very practical for industry. - Assurance only helpful if you work in financial reporting in any capacity. - Finance/PM would be good from a managerial/industry perspective, if your goal is to make more profit, help make decisions like acquisitions/mergers, or reduce expenses for that business. Ultimately, at end of day, lean towards the ones you feel would give you the highest chance of success. Leverage off your strengths.
@@iVuDang So you re saying that Finance/PM would be more applicable in a broader sense than Assurance/PM? I thought its the opposite, but thank you for your advice bro!!!
@@SuperGuitarboyz In a general sense, Assurance/PM is more relevant/pervasive than Finance/PM, because every company I've been to, small or large, they generally have two sides: 1) Financial Reporting team (Assurance elective helps here) 2) Managerial/Production accounting team (PM helps here) Finance is more niche. I see it being more relevant to industries like banking, and consulting (valuations for mergers/acquisitions), investments/wall street etc.
@@iVuDang Oh I see. Yeah, that was my initial perception as well. As I do not have any idea which industry I will be working for, I guess I am going with the one that is more general which is Assurance/PM. I also think I will be doing better in this pair because I did well in FR during my undergrad, and you get to review all of this in Core 1 + Core 2. Anyway, I appreciate your help bro. I will be following your channel. Hopefully, you would release more contents like this!!! Thump up!
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Good timing on this video as everyone including myself is on CFE leave right now!!
That's awesome!
Great video, very informative!
Glad you enjoyed it!
Really enjoying your videos. I write the CFE in September 2020
Glad you like them!
Great video. I work in industry, and you suggested assurance and pm elective. I will be sitting next to so many candidates who knows audit in and out. Would that lower my chances to pass assurance as I got no experience it?
Thanks for the comment Zahra.
For CFE, I don't think it's a competition to see who is the 'best' audit expert. Your goal is to check off what the markers are looking for and ultimately pass the exam.
- Candidates who work in audit may get additional exposure and different elements of audit, but the assurance role for CFE is marked the "CPA way".
- Knowing additional/excessive knowledge may be irrelevant to what's tested. As long as you write your cases in alignment to the CPA feedback guide and have a sense of what the marker is looking for, you are not at risk of a lower chance to pass.
Assurance is a good choice even for those working in industry because it offers high flexibility. It doesn't matter which company you may change in the future, or even which country, they will comply to IFRS worldwide. Versus, if you picked tax, you are learning CAD tax, and it won't be very relevant/applicable such as e.g. Australia.
I have many friends who passed assurance with 0 public experience.
@@SuperGuitarboyz I just did!
Hey bro, What do you think about Finance/PM?
PM is my first choice, but I am not sure between Assuance and Finance. I dont know if Assurance would be any helpful in industry??
Yes I can see that working. Finance/PM would have good chemistry together.
- Very practical for industry.
- Assurance only helpful if you work in financial reporting in any capacity.
- Finance/PM would be good from a managerial/industry perspective, if your goal is to make more profit, help make decisions like acquisitions/mergers, or reduce expenses for that business.
Ultimately, at end of day, lean towards the ones you feel would give you the highest chance of success. Leverage off your strengths.
@@iVuDang So you re saying that Finance/PM would be more applicable in a broader sense than Assurance/PM? I thought its the opposite, but thank you for your advice bro!!!
@@SuperGuitarboyz In a general sense, Assurance/PM is more relevant/pervasive than Finance/PM, because every company I've been to, small or large, they generally have two sides:
1) Financial Reporting team (Assurance elective helps here)
2) Managerial/Production accounting team (PM helps here)
Finance is more niche. I see it being more relevant to industries like banking, and consulting (valuations for mergers/acquisitions), investments/wall street etc.
@@iVuDang Oh I see. Yeah, that was my initial perception as well. As I do not have any idea which industry I will be working for, I guess I am going with the one that is more general which is Assurance/PM. I also think I will be doing better in this pair because I did well in FR during my undergrad, and you get to review all of this in Core 1 + Core 2. Anyway, I appreciate your help bro. I will be following your channel. Hopefully, you would release more contents like this!!! Thump up!