December 2018

How to format your Financial Reporting/Accounting issues
Date: December 27, 2018
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Many students often struggle with their depth and structure in financial reporting. Here’s a method you can apply and use. If you are analyzing accounting issues, read the required first and determine if your client is asking you for a recommendation. Start by identifying the issue. What is the exact issue or accounting treatment per […]

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What is Depth and Breadth on the CFE
Date: December 21, 2018
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So you’ve heard these terms for case writing many times in the CFE world and it’s still unclear to you. Let me clarify: Depth Depth is required in order to successfully complete the CFE. Without the required level of depth, you will not hit competent on indicators. Think of depth as quality. The better and […]

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ABC’s of Planning
Date: December 14, 2018
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When you are planning your response, there are a few critical factors to consider: – Identification of your Required – Identification of issues within each required – Ranking of issues – Time allocation and finally – Time management If you miss the ID of a required or an issue within the required, then no matter […]

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CFE Technical focus: AR and AP Procedures
Date: December 7, 2018
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Account receivable Customer bankruptcy – Review correspondence provided by trustee to make sure that customer in fact did file for it and determine the realizable value of the AR Examine sales invoices and shipment documents relating to that customer during the year Conduct subsequent receipt testing to test valuation and existence For Existence, send AR […]

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CFE Technical focus: PP&E Procedures
Date: December 1, 2018
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Here are some examples for property, plant and equipment: Valuation: When fair value (FV) is used – obtain reliable documentation and determine if the FV developed by management is appropriate. Consider use of specialist if unable to determine FV. Examine the residual values used if they are significant and appropriate Determine if significant parts are […]

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