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CMA Prep Guide

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Table of Contents

Table of Contents
Foreword ................................................................................................................... 2
Study Plan ................................................................................................................. 3
CMA Study Plan for students ................................................................................... 4
CMA Foundation Study Plan ............................................................................................................ 5
First Revision (Duration: 60 Days) ............................................................................................................................ 5
Second Revision (Duration: 15 Days) ..................................................................................................................... 6

CMA Inter Study Plan ........................................................................................................................ 7

First Revision (Duration: 60 Days) ............................................................................................................................ 7
Second Revision (Duration: 15 Days) ..................................................................................................................... 8
Third Revision (Duration: 15 Days)........................................................................................................................... 9

CMA Final Study Plan...................................................................................................................... 10

First Revision (Duration: 60 Days) .......................................................................................................................... 10
Second Revision (Duration: 15 Days) ................................................................................................................... 12
Third Revision (Duration: 15 Days)......................................................................................................................... 13

Start your CMA Preparation ........................................................................................................... 14

CMA Prep Free Resources ............................................................................................................. 15
Final touches .................................................................................................................................... 16
Get Expert Guidance...................................................................................................................... 17

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Foreword
Dear CMA aspirant

Congratulations on deciding to pursue the esteemed profession of Cost and

Management Accountancy. It is a very rewarding career choice and we’re sure you're
very excited to get the enviable tag of CMA next to your name!

We’re just as excited to be the platform of your choice and are always here to help you
achieve your professional dreams. It is our mission to empower students to clear their
target exams. As a part of this endeavor, we’ve prepared this preparation guide for all
levels of CMA exams for both students as well as working professionals.

This guide is a one-stop solution to all your preparation requirements. It offers:

1. All the information that you must know before you start your CMA prep
2. Study plans to help you organize your prep
3. Classes to get your prep started
4. Important practice materials

Make sure you understand the tips provided in this e-book. Also, follow the links
given in the e-book so that you don’t miss the free resources provided by SuperProfs!

Wish you an enriching learning experience!

P.S - Have a query? Our expert counselors are just a phone call away.
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Study Plan
A study plan is an organized schedule that provides an outline of time and goals for a
student’s exam preparation. As a CMA student, you should also develop a study plan
where you can block off days and times in their calendar dedicated to studying.
Creating a study plan not only helps you become more organized, but it also holds
you accountable for your own learning outcomes. If you are studying using online
classes, a study plan is even more important for your success, since you need to have
self- discipline and determination to complete your studies without the constant
reminders of an instructor.

If you create a personalized study plan, you should first evaluate your current
schedule and time management. Find days when you have fewer personal
commitments and can create some study time. Remember, each student studies
differently, so the amount of time you need to study will differ from the time your
friends devote to studying. Some students find that studying nightly for thirty
minutes is more realistic than studying a few times a week for a longer period of time.
So, don’t panic if your friends seem to study for longer hours or have a different
schedule than yours.

You’ll have to identify your learning goals for each study session in order to
maximize these scheduled study times. Determine why you are studying, and
develop a plan that can help you achieve those goals. Take into consideration
upcoming tests and other commitments that you may have. Lastly, your study plan
should be reasonable that you can actually follow. Although you must set aside
enough time in your schedule dedicated to your studies, blocking off five hours with
no break will set you up for failure.

Given below are sample study plans for Foundations, Inter, and Final level CMA
preparation for aspirants who are working or studying full time. You can use these
plans as they are or make changes according to your available time.

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 CMA Study Plan for students
If you are a full-time student preparing for the CMA examinations, you have ample
time to study and still relax every day. However, you should still be careful about
how you spend your time and keep track of your activities.

Given below is a sample study plan that you as a full-time student can modify as
per their requirements. We would advise you to print the schedule and stick it at a
place where you can see it right after you wake up.

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CMA Foundation Study Plan

First Revision (Duration: 60 Days)
If you are studying for CMA Foundation, it means you are completely new to the
course. This is not a problem, but you have to start building the habit from the
beginning itself. This is because consistency will later be of much importance as
you get to CMA Inter or CMA Final. Luckily, there are only 4 papers in CMA
Foundation, so you do not have to worry about 2 groups. Having said that, do not
take CMA Foundation lightly, because as much as the case is with CA, scoring
good marks in CMA Foundation can carry over to CMA Inter as you would then
have a stronger understanding and mastery of the subjects. Given below is a
sample of how you should be studying; this method might get you the results you
are after.

Preparation Time
Description/Subject (in Hours)
Daily Total
Revision (Previous Day's Notes) 0.5 30
Paper-1 (Fundamentals of Economics & Management) 4.0 240
Paper-2 (Fundamentals of Accounting) 2.0 120
Paper-3 (Fundamentals of Law and Ethics) 3.0 180

Paper-4 (Fundamentals of Business Mathematics & Statistics) 3.0 180

Revision (Today's Notes) 1.0 60
Total (in 60 Days) 14 810

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Second Revision (Duration: 15 Days)

Since there are only 4 subjects in CMA Foundation, after you complete the first 60
days, the remaining time can be used as you deem fit for revision and study. This
includes the second as well as the third revision.

Preparation Time (in

Description/Subject Hours)
Daily Total
Revision (Previous Day's Notes) 0.5 7.5
Paper-1 (Fundamentals of Economics & Mgmt) 4.0 60
Paper-2 (Fundamentals of Accounting) 3.0 45
Paper-3 (Fundamentals of Law and Ethics) 3.0 45

Paper-4 (Fundamentals of Business Mathematics & Stats) 2.0 30

Revision (Today's Notes) 1.0 15

Total (in 15 Days) 14 202.5

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CMA Inter Study Plan

First Revision (Duration: 60 Days)

The first revision for CMA Inter is the most important part (out of the three
revision periods that you shall be following). If you can make the most out of those
60 days when it comes to studying and preparing for the examinations, we can
guarantee you that the next 30 days (including the second and third revisions)
will be much easier for you.

Given below is a sample study plan which assumes that you are going to appear
for both CMA Inter Group 1 and CMA Inter Group 2 at once; however, if that is
not the case, then you can simply double your efforts on either group (but make
sure that you do not reduce the number of study hours every day!)

Preparation Time (in Hours)

Description/Subject
Daily Total
Revision (Previous Day's Notes) 0.5 30
Paper-5 (Financial Accounting) 2.0 120
Paper-6 (Law and Ethics) 1.0 60
Paper-7 (Direct Taxation) 1.5 90
Paper-8 (Cost Accounting) 1.5 90
Paper-9 (Operation Management & SM) 2.0 120
Paper-10 (Cost & Management Accounting) 2.0 120
Paper-11 (Indirect Taxation) 2.0 120
Paper-12 (Company Accounts and Audit) 1.0 60
Revision (Today's Notes) 0.5 30
Total (in 15 Days) 14 840

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Second Revision (Duration: 15 Days)

The second revision lasts about 2 weeks and builds upon the progress you have
made in your First Revision. Ideally, the goal or objective of the second revision
should be to further strengthen those concepts that you studied and learned in the
first revision but are likely to forget unless you go back and revise them again.

Here are some examples:

• Journal entries for specific chapters from Paper-5 (Financial Accounting)
• Deductions under various sections from Paper-7 (Direct Taxation)
• Standard Costing formulae as well as Cost Accounting Standards (CAS)
from Paper-8 (Cost Accounting)
• Summaries of the various laws and acts from Paper-6 (Law and Ethics)

Once again, a sample study plan has been included below. Feel free to edit or
modify this (entirely, if you need to) and make sure that you are getting the most
out of every single day that passes by.

Preparation Time (in Hours)

Description/Subject
Daily Total
Revision (Previous Day's Notes) 0.5 7.5
Paper-5 (Financial Accounting) 2.0 30
Paper-6 (Law and Ethics) 1.0 15
Paper-7 (Direct Taxation) 1.5 22.5
Paper-8 (Cost Accounting) 1.5 22.5
Paper-9 (Operation Management & SM) 2.0 30
Paper-10 (Cost & Management Accounting) 2.0 30
Paper-11 (Indirect Taxation) 2.0 30
Paper-12 (Company Accounts & Audit) 1.0 15
Revision (Today's Notes) 0.5 7.5

Total (in 15 Days) 14 210

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Third Revision (Duration: 15 Days)

By now, you must have gotten a clear idea of your strong subjects and weak
subjects. Say, if you are preparing for CMA Intermediate Group 1 examination,
and you know that your Financing Accounting (Paper-5) and Direct Taxation
(Paper-7) are strong suites while Law and Ethics (Paper-6) and Cost Accounting
(Paper-8) are relatively harder, create your own schedule while keeping those
points in mind:

1. Identify the topics in Paper-6 (Law and Ethics) that are particularly difficult
and check their weightage using your CMA Scanners. If those topics are not
high-value chapters, feel free to skip them. Use this time instead to revise
what you have already learned and master your knowledge of the same.
2. In papers or subjects that include both theory as well as numerical questions
like Paper-8 (Cost Accounting), focus on the numerical questions first when
revising them. Theory must be revised in the end so it becomes more recent
to your examination dates and you can remember the same.
3. By now, you must have gotten a thorough idea of your Study Material (if not,
please revise it once more). So, incorporate MTPs, RTPs, and PTPs to your
revision. Generally, MTPs are the most accurate in terms of question
difficulty, but RTPs and PTPs can introduce you to new perspectives on
questions.
4. Revise theory of chapters at least once a day. It might require longer hours
from your end, but it’s vital that you do NOT skip them or underestimate the
content. It does not take long for even the best student to forget what they
have learned.

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CMA Final Study Plan

First Revision (Duration: 60 Days)

The first revision is arguably the most important part of your entire CMA final
study plan, because this is where you have (and devote) the maximum amount of
time in both clearing your concepts as well as strengthening your understanding
of the fundamentals. Given below is a sample study plan that assumes that you
are appearing for both groups (CMA Final Group 1 and CMA Final Group 2) at
once. If you are only appearing for only 1 group, revise your schedule accordingly.

Preparation Time (in Hours)

Description/Subject
Daily Total
Revision (Previous Day’s Notes) 1 30
Paper-13 (Corporate Laws & Compliance) 2 120
Paper-14 (Strategic Financial Management) 1 60
Paper-15 (Strategic Cost Management) 2 120
Paper-16 (Direct Tax Laws & Intl. Taxation) 1 60
Paper-17 (Corporate Financial Reporting) 2 120
Paper-18 (Indirect Tax Laws and Practice) 2 120
Paper-19 (Cost and Management Audit) 2 120
Paper-20 (Strategic Performance Management) 1 60
Revision (Today's Notes) 1 30
Total (in 60 Days) 14 840

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This is simply a sample plan for CMA Final. Please keep in mind the following
points when you create your own or modify this one:

1. It’s OK to only study 2 papers or subjects per day. Which 2? You can choose
them as you want. Just don’t choose 2 theory-based subjects or you might get
bored.
2. Some subjects might be easy for you; study those AFTER you are done with
the harder subjects for the day.
3. If you are a morning person, use the mornings to study new concepts and
focus on the hardest parts of your subjects. Revise those concepts at the
afternoon and touch the easier chapters (study or revise them) during the
evenings when you are tired and don’t have as much motivation. If you are
an evening person, reverse the order.
4. You must complete 12 hours of study every day; what subjects you wish to
study during this time is completely up to you. Just make sure to track your
progress so that you know you are not wasting your time.
5. We at SuperProfs just want to see you succeed. For us, that’s all that matters;
if you come up with a study plan that is completely different from what we
have suggested here, that is fine as long it helps you get to your goal.

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Second Revision (Duration: 15 Days)

The points that were applicable for CMA Intermediate’s second revision hold true
here as well. You are revising the subjects a second time, which means you have
already studied and understood the concepts, but you need to go through them
again just to ensure that you do not forget the same. From our experience, the
following points are important when you are going on about your CMA Final 2nd
revision:

• Corporate law summaries from Paper-13 (Corporate Laws and Compliance)

• Definitions and formulae from Paper-14 (Strategic Financial Management)
• Deductions from Paper-16 (Direct Tax Laws and International Taxation)
• Reporting standards from Paper-17 (Corporate Financial Reporting)

Preparation Time (in Hours)

Description/Subject
Daily Total
Revision (Previous Day’s Notes) 1 7.5
Paper-13 (Corporate Laws & Compliance) 2 30
Paper-14 (Strategic Financial Management) 1 15
Paper-15 (Strategic Cost Management) 2 30
Paper-16 (Direct Tax Laws & Intl. Taxation) 1 15
Paper-17 (Corporate Financial Reporting) 2 30
Paper-18 (Indirect Tax Laws and Practice) 2 30
Paper-19 (Cost and Management Audit) 2 30
Paper-20 (Strategic Performance Management) 1 15
Revision (Today's Notes) 1 7.5
Total (in 15 Days) 14 210

You get the point. Whatever you seem to have difficulty recalling (or applying, in
the case of numerical questions) must be a priority for your 2nd revision.

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Third Revision (Duration: 15 Days)

In the last 15 days of your revision before your CMA Final examination, ensure that
you focus on those concepts you have already mastered. If you have studied
diligently until now, then your knowledge and understanding must be thorough
to a significant extent.

Nevertheless, keep those points in mind when you are putting the final touches to
your examination preparation:

1. Focus on your strong points first; it is too late to try and learn anything new
(please don’t try).
2. Isolate yourself from all possible distractions; the last few days before an
examination can make or break your examination performance. As a CMA
Final student, you probably already know this, but just a gentle reminder.
3. Revise theory parts at least once day; this goes without saying.
4. Spend at least 3 hours a day solving questions from MTPs, RTPs, and PTPs.
Start with PTPs, move on to RTPs, and finalize your revision with MTPs.
5. Usually PTPs and RTPs tend to be more challenging than MTPs (which are
almost always on the same level as the actual examination paper), but it helps
you to be exposed to all kinds of questions from those 3 sources so you can be
better prepared for the examination.

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Start your CMA Preparation

Success in examination is achieved by two things: proper planning and proper study
material. With the information contained in this e-book, you already have an idea of
how you must plan your study. As for proper study material, you can always trust
us to provide you with the same.
SuperProfs has helped thousands of ambitious young aspirants such as yourself
realize their dreams of clearing the CA, CMA, and CS examinations. In fact, that’s
what we have been doing since the last 10 years for a living!

With SuperProfs you get:

• On-demand lectures from India’s best professors for CA, CMA, and CS courses
• Unlimited viewing of the video lectures
• Flexibility to study with video lectures anywhere (home, office, college, library,
café, or train/bus/cab)
• 300+ hours of quality video learning content to help you master the concepts
• EXCLUSIVE: Live face-to-face sessions with your professors for doubt clearance,
examination tips, etc.

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CMA Prep Free Resources

By now you have the basic information that you need to know and a study plan in
place. Next, you need to start your preparation and find the right coaching and study
material for it.

At SuperProfs, we’ve been providing the best video classes for CMA to our students
for 10 years. We bring the best professors of India right to your computer and mobile
phone screens. You can start preparing right now from your home, office or college,
simply by logging in to your SuperProfs account!

With your account, you enjoy access to 300+ hours of online classes for CMA. You
can also download our Android app and watch video classes offline. Not just that,
SuperProfs is India’s first and only online learning platform that provides live face-
to-face sessions with professors for doubt clearance, exam tips, revision & problem
solving.

Start CMA Foundation Free Trial

Start CMA Inter Start CMA Final

Free Trial Free Trial

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Final touches
Now that you’ve learned the concepts, it’s time to test your knowledge!

SuperProfs has compiled a list of downloadable previous year question papers and
practice papers. These are available for download completely free. Follow the link
below to get these resources for your exam.

Practice material for CMA Foundation, CMA Inter

and CMA Final

SuperProfs students also get access to mock test series. If

you’re one of our 30,000+ students, it’s time to take a mock
test and get a feel of the real exam!

Scan QR Code and download our

Mobile App or Search on Play
Store for the same

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Get Expert Guidance

We hope you found this e-book useful and the study plans given here helped you
organize your preparation in a better way.

Having been the leaders in CMA prep for a decade, we understand that CMA
preparation is not a walk in the park and it takes a lot of dedicated effort from you
to clear the exams. That’s why we offer our expertise, guidance and study resources
to aspiring CMAs like you!

Call us at 011-411-70753 or email us at myguide@superprofs.com and our expert

counsellors will be available to help you.

You can download our Android app and take your CMA prep
anywhere with you!

Good luck for your CMA exams!

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