How to Prepare for CMA Final SCM & SFM Paper ?
As CMA students prepare for the SCM and SFM exams, it's essential to complete three thorough revisions before the exams. These revisions focus on the most critical areas that demand extra attention and understanding. In this blog, we will outline what needs to be covered during these three revision phases, ensuring students focus on the right topics to enhance their chances of passing the CMA Final SCM and SFM exams.
As exams approach, it's important to ensure that a few key elements are in place before diving into revisions. First and foremost, students must have completed their classes. This ensures that they’ve covered the entire syllabus and can now shift their focus entirely to revision. The last two months before the exam should be dedicated exclusively to revising and reinforcing what has been learned. So , lets dive into the blog and see what things CMA students need to cover in their revisions .
1. Points to be Keep in Mind During Revsions
1. Points to be Keep in Mind During Revsions
Revision 1:
Revision 1:
Prepare Summary Notes: Begin by creating concise summary notes for each chapter of SCM & SFM to gather all concepts in one place. This will take 5-6 days.
Review Concepts: Ensure you thoroughly understand the concepts by reviewing class questions or Institute material. Attempt the questions and update your summary notes as needed.
Review Questions: Ensure you go through the practical questions done in the classes and from institute mat as well .
Revision 2:
Focus on Past Papers: Analyze past exam papers and mock test papers. Identify patterns in question types and topics frequently asked in both papers.
Mock Test: Enroll in mock tests to simulate exam conditions and speed up your preparation.
SJC conducts mock tests known as Mock test Sangram for all CMA Final papers, dividing them into two types: full mock tests and part mock tests. Our teachers carefully evaluate each test and then return to the students with detailed remarks. This feedback helps students identify their strengths and pinpoint the chapters that require more focus. In addition, these mock tests are valuable for improving time management skills and enhancing writing practice.
For more details, contact us at 8100 112222 or visit our website.
Revision 3:
Revision 3:
Emphasize MCQs and Theory: In this phase, focus on practicing MCQs and revising theory from past papers, Institute materials, and MTPs (Mock Test Papers). Prioritize topics with higher exam weightage and ensure you're confident with core concepts.
2.Important Tip given by AIR 5 to get Exemption in CA Final SCM.
2.Important Tip given by AIR 5 to get Exemption in CA Final SCM.
One of our students, who achieved AIR 5 in the CMA Final and scored 82 in SCM, emphasized two key strategies for excelling in this subject:
1. Summary Notes: Creating concise summary notes for each chapter is crucial. These notes should be so comprehensive that they are the only material you must review one day before the exam. Ensure that all essential concepts, formulas, and important points are covered in these summaries for a streamlined revision.
2. Conceptual Focus: Before the exams, it is essential to prioritize understanding the core concepts. While theory can be memorized, practical questions require a deep grasp of concepts. Clear concepts enable you to approach and solve practical problems more effectively, which is critical for success.
3. Some Important Chapters of CMA Final SCM:
Students should cover the 30 marks MCQ Part first and some important chapters that should be covered are :
Relevant Costing
Transfer Pricing
Standard Costing
TOC + Target Costing / Lifecycle
Decision Making + Uncertainty +Data analytics
QT :
Linear Programming + LC
Project Management + Maxima / Minima
Assignment or Transportation
4. Some Important Chapters of SFM:
Portfolio Management
Forex
Capital budgeting + leasing
Futures + Options
Equity analysis + M/F
Equity analysis + rise analysis in capital budgeting
In Theory - digital finance
Securities
IFM
A well-planned revision strategy is crucial for mastering SCM and SFM in the CMA Final exams. By focusing on three comprehensive revisions, students can ensure they are prioritizing the most critical topics, strengthening their conceptual clarity, and honing their problem-solving skills. Each revision should build upon the last, deepening your understanding and confidence. With dedication, structured revisions, and mock test practice, students can maximize their chances of passing these challenging exams and achieve success in their CMA Final journey.