Embracing the Ups and Downs of the CPA Journey: A Candid Reflection

As I prepare for the CFE (Common Final Examination) in just two days, I find myself in a whirlwind of emotions. This is my third attempt, and it’s hard to ignore the mix of excitement and anxiety coursing through me.

A Look Back at My Previous Attempts

My first try was a rollercoaster ride: I passed Day 1 but fell short on Level 1 Sufficiency for Days 2 and 3, securing a Level 7. My second attempt didn’t fare any better; I once again failed Level 1 Sufficiency, earning a disappointing Level 2 this time, despite my efforts and utilizing Densmore’s resources.

Now, as I approach my third attempt, there’s a part of me that simply wants to put an end to this chapter, regardless of the outcome. I’ve fantasized about reclaiming my life after this exam—throwing away my countless notes and textbooks, wiping the slate clean, and moving forward without looking back.

Anticipating the Outcome

The thought of failing is certainly daunting and would be a blow to my ego, especially with family and friends watching. However, I have come to terms with the idea that time heals all wounds. I understand there are alternative paths for me, like pursuing an MBA or switching fields altogether. Life certainly doesn’t conclude with a CPA designation, and honestly, I have never found joy in the work itself. It’s tolerable at best, often monotonous and tedious.

Conversely, passing the CFE would elicit a sense of accomplishment, allowing me to proudly acknowledge the hard work I put into preparing for this exam. However, I recognize that my pride comes with caveats; it mainly serves as personal validation rather than professional reverence for the CPA title. To be frank, the designation doesn’t hold the significance I had hoped for, especially in light of its administration in recent years.

A Necessary Step or Just a Means to an End?

To me, obtaining a CPA is primarily a stepping stone—essentially a ticket to a better-paying position. My view of the designation is rather pragmatic; it neither elevates one’s status nor diminishes it. My experiences have revealed that the CPA journey can often lean towards the frustrating side of the spectrum.

This entire process with CPA Canada can sometimes feel like a farce, as the exam seems more focused on honing test-taking