Saturday, 15 August 2015

I'm in my 1st year of CA articleship. How should I prepare for CMA simultaneously?

Things will seem easier if you recognize the fact that most of the subjects are common to both the courses. As after my IPCC, I had well over two years to attempt my finals, preparing for CMA helped me keep in touch with all the subjects and not lose the momentum of preparing for exams in the daily grind of office work.

I found the official study material of ICWAI to be not as exam focused as I expected it to be. So my primary source for preparation was the material I used to prepare for the CA exams, supplemented by the Revisionary Test Papers and Suggested Answers given by ICWAI.

In my experience, I found a couple of errors in the final answers given in the RTP's, which I could easily recognize because of the concepts I had studied for CA. I found that the actual exam bore a lot of similarity to the questions in the RTP's. Thus, do not ignore them.

Also, theory questions enjoy a much meatier weightage in the CMA exams as compared to their presence in the CA exams. Thus, be well prepared in concepts and chapters that you may not have studied in the CA curriculum.

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