(Posted January 2026)
Now that you have navigated the rigors of the Core modules, you need to shift gears toward the Elective modules where the landscape changes. The focus moves from quick recall and selection to in-depth analysis and application through case-based assessments. In this blog, we will explore the key differences and practical steps to make the transition smoother. We will help you understand the skills needed for success in Assurance, Performance Management, Taxation, or Finance CPA Professional Education Program (PEP) Elective modules.
A quick reminder: you must complete two of the four CPA PEP Elective modules. Each Elective culminates in a 4-hour final examination that consists of 15 objective-format questions plus two cases. The two cases together are allocated 200 minutes and will range from 80 to 120 minutes each (the exact split varies by exam and elective).
First, let’s clarify the key distinctions between the two formats. The Core exams, with their heavy reliance on MCQs (typically 75%), emphasize breadth of knowledge. They are designed to test your ability to recognize concepts, apply formulas, and eliminate incorrect options under time pressure. It is a format that rewards efficient memorization, pattern recognition, and targeted practice. In contrast, the Elective modules flip the script: cases make up 75% of the exam, requiring you to integrate technical knowledge with real-world scenarios. You will face complex narratives involving businesses, stakeholders, and multifaceted issues, where you must identify problems, evaluate options, and recommend solutions. This is not about picking A, B, C, or D. It is about constructing reasoned arguments in a written response. This helps better prepare you for the challenge of the case-based CPA Common Final Examination (CFE) you will face after the Elective modules.
This shift demands a mindset change from passive learning to active engagement. In the Core modules, you might have thrived on flashcards, repetitive drills, and practice MCQs to hone speed and accuracy. For the Elective modules, that technical knowledge foundation is crucial, but it is just the starting point. Now, you need to prioritize case writing and applying technical to specific case scenarios.
One of the most effective ways to prepare for the increased focus on cases is by writing practice cases. Write each case with the same consistent approach. Ask yourself: What are the requireds? Who are the users? What are the issues? What reporting framework applies (e.g., ASPE vs. IFRS® Standards)? As you practice, focus on planning before writing full responses. A strong plan ensures your answer is organized and balanced.
Time management evolves too. When writing MCQs, you could skip and return to questions easily, but case writing demands a linear, thorough approach.
Challenges are inevitable in this transition. Many candidates struggle with the ambiguity of cases, where there’s no single “right” answer. Unlike practice MCQs where feedback is immediate, case responses require self-assessment against marking guides. To overcome this, spend time understanding how marking guides are structured and what gets rewarded—such as a balance of depth and breadth, clear conclusions, effective use of case facts, and applying relevant technical knowledge to support your analysis. The shift is about learning to demonstrate you can apply pertinent technical concepts to unique scenarios. As you write practice cases, the most important tool is to debrief each and every case you write. This will help you better understand what it takes and what you needed to add to your response to achieve Competent on various types of Assessment Opportunities (AOs).
Ultimately, this pivot from the Core to Elective modules is about evolving from a knowledgeable student to a capable professional. The case format mirrors the complexities you will encounter in your career, where clients present messy problems needing nuanced solutions. By embracing active learning, structured practice, and resilient habits, you will not only pass the PEP Elective modules but also gain confidence in your expertise as a professional.
If you are looking for targeted support to excel in this transition, check out the EDGE courses from Densmore CPA. We offer specialized prep for all four Elective modules—Assurance, Finance, Performance Management, and Taxation—tailored to the exam blueprint. With practice cases, video walkthroughs on case writing, relevant MCQ practice, and a full 4-hour mock practice exam, these courses hone the critical skills like response planning and time management that Core module materials alone will not build. Plus, with 1-year access (extendable if needed) and a 48-hour trial, it is a low-risk way to boost your EDGE toward CFE success.