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PEP Module Results - Bouncing Back from a Setback

On April 15, 2021

The pass rates for PEP modules are typically high; however, some candidates will be unsuccessful. If that includes you, we would like to help you get over the hurdle on your next attempt.

 

Since COVID, PEP modules have been tested using cases only. For many, this is a positive change. But if you are not a natural case writer or have not had somebody explain case approach to you, it can be a recipe for disaster.

 

Here are some case-approach tips to think about:

 

First, take the time to read carefully what you are being asked to do. Usually, these cases are very direct but if you read too fast and miss a component of what is being asked, you can head in the wrong direction very quickly.


Our case approach includes a step where you take two or three minutes to get yourself organized and budget out your remaining time, which can make or break your success. Many cases have too many things for you to do in the timeframe, so you need to plan to ensure you get in and out of each area. If you don’t plan, you will end up leaving things behind and miss entire assessment opportunities (AOs).


Speaking of leaving things behind, you need to do exactly that. This causes issues for many of you who think you need to do it all. The reality of the time constraint is that you cannot do it all. And to meet the expectation, you don’t have to do it all. It’s critical to address every area they have asked you to address, but it is not critical to look at every issue within each of these areas. Here are some examples:

  1. If there is a set of ratios to analyze or build, you would likely not have time to do all of them and discuss each one. It is better to do some of them with support, than to rush to calculate all the ratios without discussing any.
  2. If it is a quant analysis, it is better to have attempted the quant and left out some of the minor adjustments (not the material ones) than to take extra time to do everything that can possibly be done. 
  3. If it is a control weakness analysis, it is better to have addressed some using a thorough approach (i.e., identify the weakness, explain the impact, and recommend how to correct or mitigate) than to just make a list of every weakness you find.

Our PEP module resources each contain six cases with full walkthroughs, meaning an experienced lecturer will show you how to read, plan and write the case within the time constraints. We focus on the case approach skills, not the technical, as this is where most of you will have gone off track.

 

We also discuss how to effectively debrief cases, which is how you learn and then correct the areas that are causing you problems.

 

Hope this helps!


The Densmore Team

(April 15, 2021)

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