Tips to Crack the CMA USA exam at the First Attempt
Tips to Crack the CMA USA exam at the First Attempt
Becoming a CMA will undoubtedly benefit your corporate accounting job and your earning prospects.
According to the Institute of Management Accountants Salary Survey, approximately 80% of all accounting professionals work in some type of management accounting, and accounting professionals with the CMA USA qualification make more than those without any certification.
However, before you can deposit that money, you must first learn how to pass both portions of the CMA test.
Only roughly one-third of individuals who took Part 1 of the test passed it, and fewer than half passed Part 2, implying that a large number of people may benefit from improved CMA preparation.
However, if you commit to consuming 90+ hours of CMA USA study material for each subject, you may pass both portions in as little as two months and easily in less than a year. For those of you who are eager to begin, here's how to pass the CMA USA test by making the most of CMA USA study tools.
CMA Preparation:
- Choose Which Section to Take First:
The CMA USA test is divided into two sections, and you must pass both to get your CMA. Part 1 assesses your understanding of financial reporting, planning, performance, and control, while Part 2 assesses your ability to make financial decisions.
It is entirely up to you which section to take first. People frequently take Part 2 first because they believe it will be easier. However, if you have prior manufacturing expertise, Part 1 may be a better initial pick.
- Choose the Best CMA Review Course for Your Requirements:
You'll almost probably want to invest in a CMA USA review course once you've selected which component of the test you'll take first and when you'll take it. CMA USA candidates have access to several well-respected learning platforms. Check your selections to ensure they include all of the learning resources you will need for the test year you wish to sit for—the exam changes, and you need to have up-to-date CMA USA study materials. It's also a good idea to make sure the review course you select suits your learning style - after all, you'll be spending a lot of time with it over the next several months, so make sure it's a good fit.
- Improve Your Educated Guessing Ability:
It's hardly unexpected that candidates are frequently caught off guard by questions they've never seen before. As a result, applicants must develop the art of "informed guessing" throughout their practice sessions. One method for determining the correct answer is to use the process of elimination or to relate it to a comparable topic.
All in all, the CMA USA exam doesn’t just focus on understanding crucial accounting and financial management skills, and therefore passing the exam requires more than skimming through the main key phrases or statements.
- When studying, use your brain:
Going through the course material over and over again might be intellectually tiring and useless over time. Here are some strategies for stimulating your brain:
- Highlight the most essential sections of the book.
- Take notes on the margins and flashcards for easy access.
- Determine your learning style: Visual, auditory, or kinaesthetic stimulation.
- Create a Strategy for Using CMA USA Study Material to Create a Study Plan:
Make learning a priority and plan it accordingly. If you need to commit to driving to a coffee shop after work every night from 6-9 p.m., do so.
The length of time required to study and prepare for each section of the test is determined by your study habits and where you are in your career. If you recently received a Master’s in Accounting, you will most likely not need to study as long as someone who has been out of school for five years.
- Take Note of Key Definitions and Terms:
Multiple choice questions are frequently used to assess fundamental ideas, definitions, and phrases. As a result, it is critical to grasp the key terminology and be able to discern between them to avoid confusion or misunderstanding.
Certain terms, such as least, most, and so on, have a considerable impact on the correct response. As a result, if the question is perplexing or unclear, don't be too hasty to choose an answer and reword it.
So, gear up aspirants, and crack your examinations with such great tips that are adequate to help you to accomplish your dream jobs.