Accountants worry about insufficient depth in PM AOs during CFE
10 posts in the last 60 days, all from r/Accounting.
“I'm concerned I havent reached depth in my assurance role, I was wondering what my odds would be based on what I answered for each of the Assurance AO's. AO 1 - FR Issue, I knew the first part was bill and hold and I discussed the bill and hold criteria, for some reason I…”
“You're right, I forgot to include the 1 FR issue that was under the assurance role. Hey 6/7 is even better then 5/6. He is better off then I thought.”
“I attempted all of the Assurance role AOs on Day 2 except for the fraud risk AO, which I completely missed. I’m just not sure whether my responses were strong enough to get enough depth. I felt better about the common AOs and the Assurance-related AOs on Day 3. Is it still…”
Several accountants express concern over not prioritizing Performance Measurement (PM) Assurance Objectives (AOs) on the second day of the Chartered Financial Analyst (CFA) exam. They fear this lack of focus will negatively impact their overall score and ability to pass.
SOURCES (11)
“I'm concerned I havent reached depth in my assurance role, I was wondering what my odds would be based on what I answered for each of the Assurance AO's. AO 1 - FR Issue, I knew the first part was bill and hold and I…”
“I attempted all of the Assurance role AOs on Day 2 except for the fraud risk AO, which I completely missed. I’m just not sure whether my responses were strong enough to get enough depth. I felt better about the common AOs and the Assurance-related AOs on Day 3. Is it still possible to achieve Assurance depth in this situation? Has anyone had a similar experience and still passed the CFE? submitted by /u/Strange-Station-8656 [link] [comments]”
“Hi everyone, I just have a quick question. Is the CRM AO MA or SG competency? Some people say its MA, but a lot of other people say its SG. Personally, I think its SG, it doesn't really make sense on how it could be MA. Usually AOs regarding a system implementation is SG-related. I am just worried about level 4 MA breadth cause I skipped one MA AO on day 2, barley answered the KPI AO so most likely an NC for that one (all I did was calculate the ratios and differences). But I did answer the”
“I basically blanked for one Assurance AO (Internal audit, wrote a few sentences) Did very poorly on another assurance AO (Bill and hold + NMT, only did inventory) The only audit assurance I feel really confident is the freebies with the WIR, should be a c. On the other AOs I finished in 10-12 minutes each but don't think I wrote enough. I think I could squeeze a C in maybe one or two but is 2/7 Cs enough? 3/7 with an NC? submitted by /u/rovered1234 [link] [comments]”
“You're right, I forgot to include the 1 FR issue that was under the assurance role. Hey 6/7 is even better then 5/6. He is better off then I thought.”
“I am worried that I did not get enough depth on my role. Out of the 14-16 AOs how many C should we get in order to get the depth? Also, which AO specifically. submitted by /u/Strange-Station-8656 [link] [comments]”
“JV AOs were kind of confusing but rest seemed okay. submitted by /u/distinguishedbuffalo [link] [comments]”
“I don't think that's how it works. From what I know, today was the only day to get depth in your role. So you needed to show depth in the 6 (if I remember correctly) PM AOs. Management Accounting AOs are not related/used to calculate your depth. What you could have done is prioritize your role today, and if you had to sacrifice either MA or FR today, you still have tomorrow to make up for it. However, today was the only day to hit depth in PM/Tax/Audit/Finance.”
“Because of this AO I left all 3 MNGT AOs blank. I spent so much time on FR, that I had to time for mngt. But I passed.”