How to Study CMA Final CFR in the Last 3 Months?
The CMA exam dates for the dec term have been officially announced, with the CMA Inter/Final exams starting on Dec 10th , 2024. With only three months remaining before the exam, students might feel overwhelmed, especially when tackling challenging subjects like CMA Final CFR .
CMA Final CFR is renowned for its complexity, and many students find it particularly tough, often resulting in lower success rates. To help you navigate this demanding subject, we’ve compiled a detailed guide on how to effectively study for CMA Final CFR within the available timeframe. Whether you’re preparing with classes or on your own, our strategy will guide you in covering the syllabus efficiently and boosting your chances of passing the exam. Let’s dive into the approach without further delay.
1. Syllabus of CMA Final CFR
The CMA Final CFR syllabus is structured into five key sections:
- Section A: This section covers Generally Accepted Accounting Principles (GAAP) and Accounting Standards, constituting 20% of the syllabus.
- Section B: Focuses on the Accounting of Business Combinations and Restructuring, also accounting for 20%.
- Section C: Deals with Consolidated Financial Statements under Ind AS, particularly Group Financial Statements, making up 20% of the syllabus.
- Section D: Includes Developments in Financial Reporting and other related topics, such as Recent Trends in Financial Reporting, Valuation, Accounting and Reporting of Financial Instruments (Ind AS), Share-Based Payments (Ind AS), and Reporting through XBRL (Extended Business Reporting Language), which together contribute 25%.
- Section E: Concentrates on Government Accounting in India, including Government Accounting Procedures, which represents 15% of the syllabus.
2. How to Study CMA Final CFR With Classes ?
With only three months left before the exam, efficiently managing your study time is crucial, especially if you are taking CMA Final CFR classes. Here’s a structured approach:
Class Schedule:
Daily Lectures: Attend one lecture per day to stay on track. Given the extensive coverage of AS and IND AS, which are crucial despite their 15-mark weight, prioritize these topics.
Class Timings: Start with Part B of the syllabus and progress through subsequent parts. Avoid starting with AS classes to save time; focus on the AS marathon videos available on YouTube for a concise overview.
Supplementary Resources:
AS Marathon Videos: Utilize these to quickly cover AS topics, as they offer condensed, compiled lectures.
Revision Videos and Summary Notebooks: Use these resources for efficient revision. Summary notebooks will help in quicker review and reinforce key concepts.
Study Plan:
Complete Classes Early: Aim to finish all classes at least 15 days before the exam. This buffer will be essential for thorough revision.
Daily Time Management:
Balanced Schedule: Dedicate specific time slots each day for CFR classes while ensuring you allocate time for other subjects. Efficient time management is crucial to cover all areas comprehensively.
3. How to Study CMA Final CFR Without Classes?
3. How to Study CMA Final CFR Without Classes?
If you’re preparing without formal classes, follow this strategy to manage your study time effectively:
Syllabus Focus:
Prioritize Sections: Begin with Section B and proceed through to Section E. Section A, though important, is less weighted (15 marks) and can be studied later but we dont recommend skipping the sections .
Supplementary Learning:
Revision Videos: Watch revision videos to clarify doubts and reinforce understanding.
Mock Tests: Regularly take chapter-wise mock tests to test your grasp of each topic and identify areas which needs improvement.
Mock Tests:
Chapter-wise Tests: After completing each chapter, test yourself to assess your knowledge.
Full Mock Tests: Once the entire syllabus is covered, take full-length mock tests to simulate the exam experience, build confidence, and adjust your strategies.
Study Strategy:
Strategic Study: Focus your efforts on high-mark sections initially, and plan your study sessions to cover weaker areas progressively.
4. Mock Tests with SJC
At SJC, we understand the crucial role that mock tests play in exam preparation. Our mock tests are designed to mirror the actual exam format, allowing students to pinpoint their strengths and weaknesses more effectively.
Our mock tests help students assess their performance, identify areas needing improvement, and focus on them to enhance their results. Each test paper is evaluated by top-notch faculty members and returned with detailed feedback. We also offer personalized guidance and support to help students refine their skills and excel in their exams. For more information about our mock tests or classes, please contact us at : 8100112222.