![]() Conclusionĭespite the fact that Core 1 has the lowest module pass rate at 80 per cent, it is not impossible to pass. In Core 1, you won't get Strategy and Governance (S&G) nor Management Accounting (MA), you don’t need to focus on those, yet. Know the exam blueprint and understand that some competencies will not be tested. That’s mostly a myth because there are key topics that are more testable than others. One of the challenges I mentioned was the wide range of topics. ![]() Qualitative analysis is just as important as quantitative (don’t focus on the numbers).Try memorizing technicals (opening the Handbook or Income Tax Act takes away valuable time).Format well (headings, subheadings, tables, bullet points, bolding).Take your time when reading and planning.Follow the “CPA Way” (i.e., issue, analysis, recommendation).Here are my top tips for Core 1 case writing: There are many schools of thought to effective case writing. Budget your time during the exam (you have around 2-minutes to answer each MCQ)Ĭase writing is both an art and science.Practise with all MCQs provided in the module.You’ll be hit with tough topics on the exam. Though MCQs seem like a breeze compared to case writing, don’t underestimate their difficulty. It's not only okay, it’s smart, because you're learning and there is no sense in rushing without learning the structure of cases. Constantly debrief after each assignment and feed your new knowledge into your master notes.Īlso keep in mind that in the first few weeks, you will go over the 60-minute time limit on the practice cases. Candidates often develop most of their skills at this stage. It’s a very important concept it means to compare your attempt with the solution and actively learn your mistakes. Step 8: Go back to your notes and add lessons learned from the PCĪs you notice, I use the word “debrief” often.Here’s a sample action plan to Core 1 smart studying: Hopefully you would have figured out your study style in the undergrad studies, but in case you didn’t, the two best practices are to summarize information and to write notes in your own words. For example, the IFRS criteria can be red, while the ASPE green. If you like writing paper notes and using lots of color, create colour codes for the technical topics. Do you prefer computer notes or paper notes?.You can make your life in Core 1 easier by studying the smart way. Look for supplementary resources, join a peer study group, ask for a study mentor at work, hire a study coach, or find a study partner. If you reach a point where you are failing your weekly assignments, find support quickly. Follow these stress management best practices: The reality is that there will be times when you’ll feel mentally exhausted. ![]() If you stick to your plan, you’ll diminish most of the common stress factors. Download, print and organize the learning materials.Prepare an action plan for the three phases leading up to the module exam. Here is a sample action plan to help you stay organized: Make sure you don’t have any commitments planned. Write out your life circumstances (family, friends, work, hobbies) and plan how much time you’ll spend on each, and organize your calendar appropriately. Believe me, you’ll wish you had more time as the module progresses. Download and print the learning materials (IPs and PCs) and start your readings. You’ll get access to the Desire2Learn (D2L) platform about a week before the official module start date. I recommend you apply these six strategies to help you pass Core 1. Luckily, for every challenge, there is a solution. The top reasons candidates struggle with Core 1 are: 1, it’s a fast-paced module 2, the classes are self-led with little guidance 3, the wide range of topics 4, the time constraints of the cases and 5, the challenge of finding 12-17 hours study time per week. ![]() I’ll be honest, I’ve coached more CPA candidates in Core 1 than in any of the other modules. Facts show that more candidates fail Core 1 than any other module. What’s less known is that it is arguably the most challenging of all modules. VANCOUVER – It’s widely known that Core 1 is the first module in the Chartered Professional Accountant Professional Education Program (CPA PEP).
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