October 2019

TIP #1 - Grasp the stories in the questions. The three elements to look for in the story are the character, plot, and scheme. As you answer questions in the CFE Exam Prep Course look for those three elements.

For example: Suzanne runs her own business, but she has decided to close it and file for bankruptcy. Before she does so, she orders a large quantity of inventory on credit and resells it for cash. She closes the business and leaves the suppliers with almost nothing to recover in the bankruptcy proceeding that follows. What best describes Suzanne’s scheme?

Suzanne is the character, the plot is to retrieve as much cash as possible, and her scheme is to bust out. This best describes the “Bustout scheme.” By understanding the story that a question is telling you, you will be able to comprehend and answer questions more easily.

TIP #2 - Establish a study routine. Make your studying a part of your daily routine; whether it’s done in the morning, afternoon, or evening, implement it so that it becomes an effortless part of your day.

TIP #3 - Set study goals. Studying well in advance pays off in the end. The Prep Course includes a timeline tracker to remind you of your goal for completing the CFE Exam. The following video shows you how to set your timeline.

TIP #4 - Get motivated and maintain a positive attitude. Commit yourself to meeting your goal of passing the CFE Exam.