So I finally have access to the PAR reports.
I got one for each day of the CFE. 1 for day 1 (11 pages long) -'d 1 for day 2 and 3 (it's about 47 pages long I believe)
I can't go into detail what was on it. But basically i did do pretty well for day 1 and I still failed!!?! What the...
Anyways, I spent last night studying until 3 AM. I find that it's quite easy for me to study in the silence of the night.
What else? This morning I spent reading how to file tax retuns by E&Y.
Anything else? It's now 7:44 PM. I am indeed hungry
I have plans to do most likely 2 shows on May 9th. I would LIKE to not do the shows,
Since my knee had a bit of a burning sensation and my wrist has some little pain because it has a minor sprain. So I should just ask my friend, can you ask James if he can fill in for me? I don't want to aggrivate my knee or wrist. I think he'll be like fine. Are you sure? Like duuuude u don't understand how muc I love breakdancing. If stopping now means continuing in the future then yes I will stop a bit!!! But then if i go I get paid to break :)
But then if I don't go, I may get to takeover at the office. That would be nice considering it': my family's business which I know not very much about!!!
Yes, I miss Robyni but she was even distant in the car. Ok. What to do?
Call her and ask if u can see her. Was she a distraction last year?
Sunday, 7 May 2017
Friday, 5 May 2017
May 5, 2017
CPA is late!!! They said this: "CFE Performance Analysis Reports are scheduled to be released on Friday May 5th at 3pm"
They did this: *crickets chirping* Nothing! Yet!
I think it's very hypocritical to expect students to abide by deadlines when it comes to doing work, whereas CPA is free to totally miss their deadlines when it comes to giving feedback (in other words doing work).
Not cool.
I will send them an e-mail tomorrow and ask them where my PAR report is.
In the meantime, I'd like to learn more about personal taxation. Because I have already filed for:
my mom
my dad
myself
I also have yet to file for one of my clients
my brother's friend
And I also have yet to file for:
my brother
and his wife
I also have more clients on the way which are a number of corporations!
about 12 or so!
SO... I need to basically master tax. Let's get to it! What do we need to learn within the limited time I have awake...
Success plan: read the EY guide to filing tax returns for 2016 and read it well! First skim it. But then read it well.
They did this: *crickets chirping* Nothing! Yet!
I think it's very hypocritical to expect students to abide by deadlines when it comes to doing work, whereas CPA is free to totally miss their deadlines when it comes to giving feedback (in other words doing work).
Not cool.
I will send them an e-mail tomorrow and ask them where my PAR report is.
In the meantime, I'd like to learn more about personal taxation. Because I have already filed for:
my mom
my dad
myself
I also have yet to file for one of my clients
my brother's friend
And I also have yet to file for:
my brother
and his wife
I also have more clients on the way which are a number of corporations!
about 12 or so!
SO... I need to basically master tax. Let's get to it! What do we need to learn within the limited time I have awake...
Success plan: read the EY guide to filing tax returns for 2016 and read it well! First skim it. But then read it well.
Wednesday, 3 May 2017
May 3, 2017 - Getting in gear!
So I spoke with the CRA individual enquires telephone line people for the past hour.
I also signed up for a paid dance performance on May 9th.
In 2 days, they will send the PAR report to anyone who wrote the CFE last September.
I was also given a number of documents to read:
Information for Canadian Small Businesses: Table of Contents
and
Business and Professional Income
for my tax client who is self-employed.
Then for my brother, I found out he is definitely self-employed. But then for everyone I know who has not paid their tax, there's a 5% interest rate daily compounded.
So basically, I have to reduce their tax as much as I possibly can by the end of the day. If I could reduce it, make an amendment to change it. Then I can lower any interest they would've had to pay with the original return.
Tax is tough. I also need to make time today to study for the CFE because I will be doing that today!
I'd like to study as much as I possibly can, so I should aim to finish by 10 or 11... and then I'll at least have studied a bit the first day!
I also signed up for a paid dance performance on May 9th.
In 2 days, they will send the PAR report to anyone who wrote the CFE last September.
I was also given a number of documents to read:
Information for Canadian Small Businesses: Table of Contents
and
Business and Professional Income
for my tax client who is self-employed.
Then for my brother, I found out he is definitely self-employed. But then for everyone I know who has not paid their tax, there's a 5% interest rate daily compounded.
So basically, I have to reduce their tax as much as I possibly can by the end of the day. If I could reduce it, make an amendment to change it. Then I can lower any interest they would've had to pay with the original return.
Tax is tough. I also need to make time today to study for the CFE because I will be doing that today!
I'd like to study as much as I possibly can, so I should aim to finish by 10 or 11... and then I'll at least have studied a bit the first day!
Saturday, 15 April 2017
April 14, 2017
Today was really fun! I got to go outside and use my social skills to solicit tax services to random people. It was cool! I really enjoyed it.
I made hummus lol
And I'm thinking of creating a study plan for the CFE 2017... I can review what I did in the past. And try to either: multiply that by two. OR do the same thing, except create time to work on my weaknesses.
Probably the latter.
You see, I have not given up. I said I would not, and I have not. It REALLY sucked to fail the first time. But I'm looking past that.
There is a party tonight I could go to... But I think I'm going to forgo that party :'( ... Because using my own resources, I can go, but it wouldn't be that great I think... I mean it would but... I dunno...
News flash: I did NOT forgo the party, I went. Invested some time and had an AMAZING experience! Damn. Sooo good. It really makes me appreciate my life. Met a cute/hot girl and now I got a date (if I want it - and I do). TRULY feeling motivated. Very important! Basically, I was feeling like I don't want to go through this whole CFE studying process alone. It's nice to have a friend or a girlfriend to talk to. Or someone to sexercise with! ha haaa
I made hummus lol
And I'm thinking of creating a study plan for the CFE 2017... I can review what I did in the past. And try to either: multiply that by two. OR do the same thing, except create time to work on my weaknesses.
Probably the latter.
You see, I have not given up. I said I would not, and I have not. It REALLY sucked to fail the first time. But I'm looking past that.
There is a party tonight I could go to... But I think I'm going to forgo that party :'( ... Because using my own resources, I can go, but it wouldn't be that great I think... I mean it would but... I dunno...
News flash: I did NOT forgo the party, I went. Invested some time and had an AMAZING experience! Damn. Sooo good. It really makes me appreciate my life. Met a cute/hot girl and now I got a date (if I want it - and I do). TRULY feeling motivated. Very important! Basically, I was feeling like I don't want to go through this whole CFE studying process alone. It's nice to have a friend or a girlfriend to talk to. Or someone to sexercise with! ha haaa
Tuesday, 11 April 2017
April 11, 2017
I noticed some other students in the CPA program online...
It's keeping me motivated.
I'm starting to get into study mode.
I'm also doing performances at birthday parties with my breakdancing skills.
SKILLS, SKILLS, SKILLS
I have a good feeling this time around!!!
Saturday, 7 January 2017
The same thing is happening as last time...
uh oh... I feel as though the same thing is happening as last time. Starting effort was low. Middle effort was high and ending effort was super high. Good news debt is basically gone!!!!
Friday, 9 December 2016
December 9th, 2016
Ouch, ouch, ouch, ouch, OUCH!
Not only did my prediction about Day 2 & 3 come true. But my prediction regarding passing Day 1 was wrong.
So I got the worse case sceario: failed both parts of the CFE. :'(
Here's what happened to me:
I received two documents from CPA, one simply saying:
Day 1 - Fail. <-- Thanks a lot CPA, this really helped me see where I went wrong! ..... *sarcasm*
The other saying:
Day 2&3.
Level 1
Sufficiency: Fail
Decile Ranking: 5 <-- basically this means I'm in the top 50%. From what I've read: If you had a decile ranking of 1 then you're in the top 10% which means you may want to appeal but there's a 1% chance of changing your sufficiency mark if you have a Decile Ranking of 1, so basically it's like throwing money away.
Level 2
Overall Pass
Depth in F/R - Pass
Depth in MA - Fail
Level 3
Depth in Role Pass
Level 4
Breadth in all 6 roles Pass
So the positive is: I'm smart enough to have passed a bunch of important stuff: I passed my role and F/R for day 2. But not MA... Crrrap. And I passed breadth in all areas. <-- I really didn't think I would have done that but I guess so. And then the decile ranking I'm pretty sure is due to my crap performance on Day 3... I was so unfamiliar with the scenarios they gave me!!!!
I think it's REALLY important to be working at an accounting firm while you're studying. Everyone who was working in my Capstone 1 group passed the CFE. I didn't work, and I didn't do well. I still remember my friend coming up to me after we wrote day 3 and she said: Oh my god, if I didn't have that experience doing taxes I would have been so screwed! But it went really well I think. My response: -_- ............I wish I worked more doing taxes for people and giving strategic advice to people!
I might appeal Day 1. I thought I did really well. But they thought I sucked bad enough to fail... Really pooped...
I'm very tempted to quit the program. But I have a feeling I won't. At the bare minimum, I'd need to renew my student registration (600 bux) and then purchase admission to the exam (1500 bux)...
if I get any of those PAR (Performance Analysis Review) reports, it'll increase the cost but it may be worth it!
I gotta go. Ttyl peeps! And stay positive :) Stress is the root of all evil and it's 90% self induced ;) a fake yet enlightening statistic from yours truly.
Not only did my prediction about Day 2 & 3 come true. But my prediction regarding passing Day 1 was wrong.
So I got the worse case sceario: failed both parts of the CFE. :'(
Here's what happened to me:
I received two documents from CPA, one simply saying:
Day 1 - Fail. <-- Thanks a lot CPA, this really helped me see where I went wrong! ..... *sarcasm*
The other saying:
Day 2&3.
Level 1
Sufficiency: Fail
Decile Ranking: 5 <-- basically this means I'm in the top 50%. From what I've read: If you had a decile ranking of 1 then you're in the top 10% which means you may want to appeal but there's a 1% chance of changing your sufficiency mark if you have a Decile Ranking of 1, so basically it's like throwing money away.
Level 2
Overall Pass
Depth in F/R - Pass
Depth in MA - Fail
Level 3
Depth in Role Pass
Level 4
Breadth in all 6 roles Pass
So the positive is: I'm smart enough to have passed a bunch of important stuff: I passed my role and F/R for day 2. But not MA... Crrrap. And I passed breadth in all areas. <-- I really didn't think I would have done that but I guess so. And then the decile ranking I'm pretty sure is due to my crap performance on Day 3... I was so unfamiliar with the scenarios they gave me!!!!
I think it's REALLY important to be working at an accounting firm while you're studying. Everyone who was working in my Capstone 1 group passed the CFE. I didn't work, and I didn't do well. I still remember my friend coming up to me after we wrote day 3 and she said: Oh my god, if I didn't have that experience doing taxes I would have been so screwed! But it went really well I think. My response: -_- ............I wish I worked more doing taxes for people and giving strategic advice to people!
I might appeal Day 1. I thought I did really well. But they thought I sucked bad enough to fail... Really pooped...
I'm very tempted to quit the program. But I have a feeling I won't. At the bare minimum, I'd need to renew my student registration (600 bux) and then purchase admission to the exam (1500 bux)...
if I get any of those PAR (Performance Analysis Review) reports, it'll increase the cost but it may be worth it!
I gotta go. Ttyl peeps! And stay positive :) Stress is the root of all evil and it's 90% self induced ;) a fake yet enlightening statistic from yours truly.
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