CMA Exam Preparations 2024: Study Tips and Tricks, Strategy

CMA exam preparation 2024 needs a minimum of 6 months for complete preparation to attain good marks. The CMA Foundation has 4 papers. CMA inter includes group 1 and group papers, while CMA final has group 3 and 4 papers. 

Candidates must prepare a complete syllabus and practice more on the previous year's question papers to understand the exam pattern and difficulty level. Candidates should invest their time and hard work to crack the CMA examination 2024 successfully. Holding a CMA certificate greatly benefits the candidates, but achieving it should be part of the immense goals. 

Know More: CMA Syllabus 2024

Practice Now: CMA Mock Test 2024

CMA Exam Preparation 2024

CMA exam preparations 2024 should be started well in advance. Candidates should collect all the information regarding syllabus, weightage, topic length, etc. Based on these the candidate has to prepare a timetable and study. A few preparation tips for the candidates are given below.

• Timetable - Candidates should set up a timetable according to the syllabus, the time required for each topic, and the feasibility of their study time available until the examinations. 
• Practice - Candidates should regularly practice for the examination. Candidates should repeatedly practice the topics to become thorough in the same.
• Mock Test - Candidates should attend as many as possible mock tests before the examination as it can give the candidates the proper idea of how the actual exam will be.
• Previous Year Question Paper - Candidates can check and solve the previous year's question papers as that can give the candidates an idea of the question paper pattern, the weightage each topic has, and also the frequency of repeated questions.
• Notes - Candidates should make short notes while preparing as this can be highly useful for the last-minute glance before the examination. This can also help them quickly identify which topics are covered and which are yet to be covered.
• Revision - Candidates should utilize the last 3-4 days before the exam only for the purpose of revision. No new topics should be learned or covered during this time. The last-minute or intermediate revision is very important and effective for the examination. 
• Parts - Candidates have to decide to take which part of CMA first. There are 2 parts to the CMA Exam. Candidates can choose which part to attend first. Candidates can prepare for both parts based on the time and effort required. Candidates can select the easier part first, preferably, and then go with the difficult part.

CMA Exam 2024 Study Tips

CMA preparation tips 2024 is an important part of the CMA examination 2024. Candidates can follow the below tips for studying CMA 2024.

1. Study Plan

It is important for the candidates to prepare a study plan and move according to that. Candidates can prepare a flexible study plan according to their daily routines and lifestyle. The study plan should cover the entire syllabus and the time required to complete it. 

Candidates can divide the topics into bits and give each topic the time it requires. Candidates can prioritize the topics according to the importance of the topic and the weightage it holds. 

Candidates can pick either long-hour study sessions on weekends or off days or go for a couple of hours every day based on the study nature. Candidates who can maintain focus and energy for long and continuous study sessions can plan for such timings.

2. Study Atmosphere

Candidates should ensure to prepare themselves in a hassle-free environment. Candidates can set up such an environment in their study spot until the completion of CMA examinations. Candidates are supposed to avoid all the distracting objects in that space. This can help the candidates avoid distractions during study hours. These distractions can be even the smallest of the things like sounds, objects, etc.

3. Learning Style

Each candidate has a different learning style. Each student has a different way of adapting to learning. Based on the adapting styles it can be classified into 3 different categories mentioned below.

• Visual Learners - Learn best by seeing.
• Auditory Learners - Learn best by listening.
• Kinesthetic Learners - Learn best through experiences.

Candidates can check to which category they belong and prepare accordingly using the sources available. If the candidate is a visual learner then textbooks, test papers, and other such written materials can be used for the preparation. The written format study materials will help the candidates with the best way of teaching.

Auditory learning candidates can make use of sounds related to the syllabus for learning. Candidates can use audio lectures or video files for learning. Using such materials can help the candidates learn faster.

Kinesthetic learners can use practical objects for learning such as flashcards or relate syllabi and subjects to the practical environment around them. Relating the subject to practical objects in the environment can help the candidates relate and remember more.

How to Prepare for CMA in 4 Months?

Candidates can start intensely preparing for CMA just 4 months before the examination. The schedule to be followed to cover the entire portions within the CMA preparation time mentioned below.

CMA Exam Preparations 2024

Week	Syllabus
Week 1	Financial Statements Integrated Reporting A/R Inventory
Week 2	Investments Fixed & Intangible Assets Valuation of Liabilities Income Taxes
Week 3	Lease & Equity Transactions Revenue Recognition Income Measurement GAAP vs IFRS
Week 4	Strategic Planning Budgeting Concepts
Week 5	Forecasting Techniques Budgeting Methodologies
Week 6	Annual Profit Plan & Supporting Schedules Top Level Planning
Week 7	Cost & Variance Measures
Week 8	Responsibility Centers
Week 9	Performance Measures
Week 10	Measurement Concepts Costing Systems
Week 11	Overhead Costs
Week 12	Supply-chain Management Biz Process Improvement
Week 13	Governance, Risk & Compliance System Controls
Week 14	Information Systems Data Governance Tech-enabled Finance
Week 15	Data Analytics: Business Intelligence Data Analytics: Data Mining Data Analytics: Analytic Tools Data Analytics: Visualization
Week 16	Review Week Exam Strategies

CMA Exam Preparation Books

ICMAI has provided CMA preparation books which helps the students to prepare well. The recommended books by the conducting body helps the students to ace good score in the CMA exam. Candidates can find a list of CMA preparation books in the table below.

CMA Exam Preparation Books for Foundation

CMA Exam Preparation Books for Intermediate

CMA Exam Intermediate Preparation Books

Papers	Books
Paper 5	Financial Accounting
Paper 6	Laws, Ethics and Governance
Paper 7	Direct Taxation
Paper 8	Cost Accounting & Financial Management
Paper 9	Operation Management Information System
Paper 10	Cost & Management Accounting
Paper 11	Indirect Taxation
Paper 12	Company Accounts and Audit

CMA Exam Preparation Books for Finals