Scheduling CPA PEP Modules

Planning your CPA PEP schedule might seem like a straight forward task. Core 1, then Core 2, then two electives, then Capstone 1, then Capstone 2, then write the CFE. Right? While the sequence is easy, when deciding when to take a module, be sure to consider work and personal commitments, and when the CFE is offered.

Balanced Scheduling

Completing modules throughout the work experience requirement allows you to incorporate what you learn at work into what you do in the modules, and vice versa. And, a balanced schedule allows you to plan around busy periods at work or life. With Core 1, the first module of CPA PEP, offered in the Spring, Fall, and Winter sessions, which start in May, October, and January respectively, the schedule allows for flexibility.

Two sample balanced schedules, with time off between modules, appear below:

Balanced Schedule 1

Balanced Schedule 2


While starting Core 1 in May and completing modules back-to-back so you write the CFE the next September is possible, that schedule is demanding and does not allow for any breaks. And, even if you complete your education quickly, you still have to complete practical experience. We have found that candidates who have completed more of their practical experience typically perform better on the CFE.

A sample back-to-back schedule appears below:

Back-to-back Schedule

Fast-track Scheduling

With fast-track scheduling, you can take the two core modules concurrently, and if you pass both core modules, you can take two elective modules concurrently. (The capstone modules are not offered concurrently.) For this schedule to work, the elective exams must be on different days, so be sure to check the module schedule. If you choose to follow a fast-track schedule, you should expect to spend between 25 and 40 hours per week on assignments. With that in mind, we strongly encourage you not to work full time when completing two core or elective modules together.

If you following fast-track scheduling, you complete the same module material, attend the same workshops, and write the same exams as candidates who are enrolled in only one module during the session. There is no difference in module fees for fast track scheduling and you must also complete the required practical experience. If you have any questions, or want to follow a fast-track schedule, email If you change your mind and decide to withdraw from a module, the same withdrawal policy applies for fast-track scheduling and single-module scheduling, and will be outlined in your registration confirmation email.

A sample fast-track schedule appears below:

Fast-Track Schedule

A Few 2017-18 Notes

No matter how you choose to schedule your modules, there are a few things to note about the 2017-18 academic year (April to March):

  • Core 1 is offered in the Spring, Fall, and Winter sessions, which start in May, October, and January respectively.
  • Core 2, Tax, and Assurance are offered in each of the four sessions
  • The Finance and Performance Management electives are offered twice each. Finance is offered in the Spring and Fall sessions and Performance Management is in the Summer and Winter sessions. Exams for both modules will be offered every session to provide re-write opportunities.
  • The CFE is offered in September 2017 and September 2018. The 2019 CFE schedule has not yet been confirmed.