Cma group i

This query is : Resolved

kehkashan (Querist)
Follow

25 January 2017 Hi all,

Please suggest me how to prepare CMA group I exams which i want to give in June 2017. It seems very tough for me as i am working too. For what subject should i study more and what points should i keep in mind always.

Thanks to all in advance.

Kehkasha.

kehkashan

kehkashan (Querist)
Follow

26 January 2017 plz guide me

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
Follow

19 July 2024 Preparing for the CMA Group I exams while working requires effective planning and dedication. Here’s a structured approach to help you prepare for the exams in June 2017:

### 1. Understanding the Syllabus

Firstly, familiarize yourself with the syllabus for CMA Group I exams. The subjects typically include:

- Financial Reporting
- Strategic Financial Management
- Cost and Management Accounting
- Indirect Taxation

### 2. Creating a Study Plan

Given your busy schedule, create a realistic study plan that balances work and study time:

- **Weekly Schedule**: Allocate specific hours each day for studying, especially during weekdays after work and more extensive periods on weekends.

- **Topic-wise Allocation**: Allocate more time for subjects or topics you find challenging or those that carry more weight in the exam.

### 3. Subject-wise Preparation Tips

Here are some tips for each subject:

- **Financial Reporting**:
- Understand accounting standards thoroughly.
- Practice solving problems related to preparation of financial statements, consolidation, and interpretation of financial data.

- **Strategic Financial Management**:
- Focus on capital budgeting, cost of capital, capital structure decisions, and financial risk management.
- Solve numerical problems to understand financial decisions in practical scenarios.

- **Cost and Management Accounting**:
- Master concepts of costing methods, budgeting, standard costing, and relevant costing techniques.
- Practice solving problems to strengthen your understanding of cost concepts and their application.

- **Indirect Taxation**:
- Learn the provisions of indirect taxes such as GST, customs duties, service tax, etc.
- Solve case studies and practical problems to understand the application of indirect tax laws.

### 4. Points to Keep in Mind

- **Consistency**: Study regularly and consistently rather than cramming.
- **Conceptual Understanding**: Focus on understanding concepts rather than rote learning.
- **Practice**: Solve past exam papers, mock tests, and practice questions to familiarize yourself with exam patterns and improve your speed and accuracy.
- **Revision**: Regularly revise what you have studied to reinforce your learning.
- **Seek Help**: Don’t hesitate to ask for help from teachers, colleagues, or study groups if you face difficulty in any topic.

### 5. Exam Preparation Strategies

- Closer to the exam date, focus on revision and solving mock tests under exam conditions.
- Manage your time during the exam effectively. Allocate time according to the marks weightage of each question.
- Stay calm and confident during the exam.

By following these guidelines and maintaining a disciplined approach, you can effectively prepare for your CMA Group I exams despite your busy work schedule. Best of luck with your preparation!

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now