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.
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