Top CMA Exam Tips from British Columbia International Academy
In today’s article, we are going to give you some tips on CMA exam, which will help you to crack it with good score. Before any exam, you need to make sure that you have prepared a plan to study, which will help you to segment your sections to make it easy for you to learn them. CMA certification exam consists of a 2-part written exam where you need to be prepared for both sections. The first part mainly consists of topics that are spread across planning, budgeting, and forecasting, performance management, Internet controls, and professional ethics. As they are mostly focussed on the theory part, you have to ensure that you have made all the relevant points and have referred the right books.
The second part of the exam consists of analysis and risk management, financial statement analysis, investment decisions, corporate finance and professional ethics. Passing the CMA Exam demonstrates that you have a strong proficiency in management accounting and financial management. Practice tests are another good idea, as they are often based on actual exams from previous years, so you will get to solve the types of questions they generally ask in CMA exam. As you get familiar with the pattern and content of the exam, it lets you answer questions more quickly and accurately. Here are some of the tips you could follow for preparations.
Planned Approach Instead of taking the whole syllabus at one shot, break it down into smaller sections and then proceed with one topic at a time. This will help you to memorize the topics in a better manner and you will feel infinitely better.
Chalking It Right Highlight all the points that you thing might be important, so that it would be lot more easy for you to spot them at the time of revision.
Segregate Technical Terms And Theory Make a list of equations and acronyms separately and keep the theory part later. Be sure to cover all the topics while segmenting the study material.
Mnemonics This can be really helpful in remembering and boosting your overall learning potential. You can make a short form of lengthy acronyms so that you will be able to learn them in a faster way. For example, you can use CCIS for Competence, Confidentiality, Integrity, and Credibility.
Keep On Inspiring Yourself Keep on inspiring yourself and see the papers and exams of the past to motivate you to study more. Remember to give your best shot at first go to score maximum marks.
Be 100% Confident There are times when students lose their confidence as the exam approaches and they doubt the study pattern they have followed. Always have a trust in your capabilities and move ahead with full confidence.