Simplifying accounting fundamentals

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CFE Exam Topics and Tips

In this article, we review the Canadian CPA Board exams (CFEs) and provide a list of CFE exam study tips, exam writing tips and common CFE e

Debits and Credits

Debits (Dr.) and credits (Cr.) are used to ensure inflows and outflows of transactions (assets/liabilities) are always balanced. In order...

Using your Financial Calculator

You may be using a calculator for your work or while studying for your CPA Exams (CFE exams). Understanding how to make full use of your...

Analyzing Financial Issues

When analyzing financial case studies, always break them down into smaller issues, which can then be addressed individually. If you are...

Accounting Standards

There are a variety of different ways to present financial information worldwide. We need to know which standard we are using when...

Financial Reporting: Assumptions and Characteristics

There is no point in creating financial statements if they are not useful to readers. Financial statements should therefore abide by a...

Financial Statements: Overview

Countries often have their own unique standards for presenting financial information. While accounting standards vary from country to...

Statement of Financial Position / Balance Sheet Elements

The Statement of Financial Position (a.k.a Balance Sheet using Canadian ASPE accounting standards) presents the company's total assets,...

Statement of Profit or Loss / Income Statement Elements

The Statement of Profit or Loss (a.k.a. Income Statement using Canadian ASPE) shows the company's earnings and expenses. Different...

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