Skip to main content

Tips for Making a Productive Study Plan to attain the CMA Certification


Earning a CMA credential is certainly one of the best ways to kick-start your corporate accounting career. Part 1 of the CMA program focuses on the topics related to financial reporting, planning, performance, and control, while Part 2 tests your proficiency in financial decision-making, it will help you get theoretical as well as practical knowledge of the subject. Candidates are required to study for 90+ hours (for each section), make a complete timetable that if followed consistently can help you achieve the CMA in your first go.

To help you commence your journey of acquiring the CMA credential, here is a guide that has proven to be beneficial when creating the CMA part 1 study plan:

      Finalizing the time period for the exam


The first thing you need to finalize is the duration in which you would appear for the CMA examination. Each year a candidate can appear for either of the two CMA examinations in the following three two-month periods:

·         January and February
·         May and June
·         September and October

Thus, you can opt for any of the above durations. If you are highly focused and dedicated, you will be able to acquire your CMA credentials within a year. 

     Finalizing your daily/weekly study schedule

Having a fixed time-table will ensure consistency in your preparations and prevent you from cramming content during the final week. Each individual is different and therefore, their studying pattern will be different as well. If you are someone who would wake up early in the morning, you should plan your time-table accordingly. Although, if you prefer studying late at night, you should ensure that all your tasks are completed during the day to ensure focused studying. 

      Learn from Authorized Study Material for the CMA Examinations
It is advised to prepare only with the authorized study material as it will help you get a clear idea of the examination pattern. Furthermore, their summary of key topics is based on years of CMA examination research and analysis.

We hope that these tips will help you craft your study plan and pass the CMA examination with flying colors.

Comments

Popular posts from this blog

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...

All You Need To Know About CFA Level 2

Congratulations CFA aspirant on clearing the first level of CFA and climbing up the ladder to Level 2! It is important to know that this is an achievement in itself but you still have to complete two more levels to earn the Chartered Financial Analyst   credential. Now that you have cleared level 1 here is everything you need to know about  CFA level 2  -  Concept: The concept of level 2 is fairly different as compared to level 1. While level 1 was more focused on basic knowledge of investments valuation, Level 2 has a more practical approach regarding this concept. You will have a detailed analysis in investment management  and portfolio concepts which will help evaluate that you are capable enough to apply these theories in a highly practical and real-life situation. Curriculum and Weight age: Below is a list of the 10 topics that are covered in the curriculum and the weight that each theme carries is also listed below: ·  Ethical and P...

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...