How to Get Back on Your Feet After a Failed Attempt to Clear CMA Exam?

Becoming a CMA or certified management accountant can give a big boost to your career. This program is designed to train you in various aspects of management accounting and as such needs lot of dedication to crack. Since this certification encompasses a wide scope of study, not many students are able to clear it in the very first attempt. And, as has been observed, the primary reasons for failing in the first attempt are:

1. Inability to understand the basic concepts
2. Inability to dedicate enough time to studying for the CMA exam
3. Inability to put in the effort required to complete the syllabus
4. Inability to complete the exam within the stipulated time frame

Experts in a reputed CMA institute in Dubai cite these factors as the primary reasons why students often fail to pass the CMA exam. So, if you too have been struggling to pass this prestigious exam because of the above mentioned reasons here’s how to get back on your feet and start preparing all over again.

Time Management:

This is the key to effective study. And time management simply does not mean avoiding social life and burning the midnight oil, it means proper allocation of time to the subjects that need more attention.

Putting enough effort:

Well, this has to be completely self-driven and self-motivated. However, if you are finding it difficult to motivate yourself set aside rewards for small term achievable targets like one hour of chatting time with friends on completion of the chapter on Business analysis.

Understanding the Concepts

Here, you have to spend more time with your mentor. Let’s say if you are studying for CMA certification in Dubai then you must enrol into a good coaching institute there and make the best use of the mentorship that you get from there.

Comments

Importance of Understanding the Finance for the Non-Financial Managers

Understanding Finance and Accounting will equip non-financial managers with the financial knowledge necessary to communicate more effectively with financial managers, analyze financial statements and understand how they relate, interpret a company's profitability, solvency and liquidity, explore the sources and costs of capital and the factors of investment decisions, and learn valuation principles and their impact on the value drivers of the firm. Participants will gain both competence and confidence in their interactions with financial colleagues and senior executives. Here is the importance of finance to the non-financial professionals: Why finance courses for non-professional executives? Every manager and high-level professionals has to understand finance. The more you go higher in the organization the more important it is to have that understanding. It’s the only way to feel confident in high-level meetings. Finance courses is of core function for good profi...

A Beginner’s Guide on IFRS

It is through accounting that a business learns of its expense classifications along with gaining standards to best describe the financial problems of an entity. The accounting standards are guidelines for financial accounting, and the external entities (regulatory agencies, banks etc.) rely on these standards to ensure that relevant and accurate information is provided about the entity. The financial statements of publicly-transacted companies in many nations may require being prepared in accordance with the standards set by the IASB or the International Accounting Standards Board. What is IFRS? International Financial Reporting Standard or IFRS is a single set of accounting standards that has been created and is conserved by the International Accounting Standards Board for a consistent global application, by all economies in order to offer financiers and other financial statement users with the ability to compare the financial performance of publicly listed companies with their...

Advantages of Doing a Financial Modeling and Valuation Course

Financial modeling and valuation is one of the most sought after financial courses that every finance professional requires to do in today’s competitive corporate world. There is an increasing demand for financial modeling analysts having essential skills and proficiency in financial modeling to dissect and analyze a company’s performance and make predictions about the company’s future. Some of the skills/areas that you can learn/ work in after pursuing financial modeling and valuation course are: Build financial models through step wise projection of income statement, balance sheet, and cash flows. This helps you to get better control of financial management for the company you work. You will learn to apply advanced Excel tools like Data Tables, Nested Ifs, Time Value of Money. You can develop the key schedules including debt/interest, depreciation, working capital, and equity. If you are working in an equity research firm these are the essential skills you may nee...

About Finance Courses in Dubai

Search This Blog