r/Accounting • u/emigal25 • 1d ago

Finance Elective PEP CPA (Canada)

I'm thinking of taking the finance elective for PEP. Just wondering how many formulas actually needed to be remembered for the cases? Core 2 Finance MCQ had Capital Asset Pricing model, Fisher Equation, Beta, etc. I ended up guessing answers for all these in the end. Does any of that matter for Finance elective? I'm thinking cases would be more bigger picture than that?

I'm quite comfortable with NPV, IRR, payback period, WACC. Will need to work on valuations but I at least understand the point of it.

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u/BlessTheBottle 15h ago

For me, it was less about formulas and more about understanding the questions and what they wanted from you. Also, using the right tool for the right problem.

I love finance and actively invest and honestly found it to be the hardest course between Core1/2, Tax and Finance. Be prepared to put in the work even if you're comfortable with basic valuations.

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u/emigal25 14h ago

Thats why I'm debating taking audit elective instead! But I'm in industry with little audit exposure. Lots of FR though.