18 August 2015
Dear Sir, I am working as accountant in private company & also doing a CMA. My attempt of CMA-Final is in Dec 2015- Gr III. Pls. guide me for- 1. How to start preparation for exam, pls guide for timetable. I am busy from 7 am to 9 pm due to job.
2. I find Advance Financial Management topic difficult. Pls. let me know how to study it.
19 July 2024
Preparing for the CMA Final exam while working full-time requires effective time management and a structured approach. Here’s a guide to help you prepare, especially focusing on Advance Financial Management, which you find difficult:
### 1. Time Management and Study Schedule
Given your busy schedule, it’s crucial to allocate your time wisely:
- **Weekday Evenings**: Allocate 2-3 hours each weekday evening for studying. Try to study during your most productive hours after work. - **Weekends**: Dedicate substantial time on weekends, perhaps 6-8 hours each day, for intensive study sessions.
**Sample Timetable:**
- **Weekdays:** - 7:30 PM - 10:00 PM: Study sessions (with short breaks)
Adjust the timetable based on your personal preferences and energy levels. Break down your study sessions into manageable chunks focusing on specific topics or chapters.
### 2. How to Study Advance Financial Management
Advance Financial Management can be challenging, but breaking it down can make it more manageable:
- **Understand the Syllabus**: Review the syllabus and understand the topics covered. Identify areas where you feel less confident.
- **Study Material**: Use recommended textbooks and study materials. Focus on understanding concepts rather than memorizing.
- **Practice Problems**: Solve plenty of practice problems to reinforce your understanding. This helps in applying theoretical knowledge to practical scenarios.
- **Seek Help**: If you find certain topics particularly difficult, consider joining study groups, forums, or seeking guidance from teachers or colleagues who have expertise in financial management.
- **Revision**: Regularly revise what you've studied to reinforce your learning and identify areas needing more attention.
- **Mock Tests**: Closer to the exam date, take mock tests to assess your readiness and improve time management during exams.
### Additional Tips:
- **Stay Motivated**: Keep your goal of passing the exam in mind and stay motivated throughout your preparation.
- **Healthy Lifestyle**: Maintain a healthy lifestyle with proper sleep, nutrition, and exercise to keep your mind sharp.
- **Prioritize**: If necessary, adjust your work schedule slightly to accommodate dedicated study time closer to the exam date.
By following a structured study plan, focusing on understanding concepts, and regular practice, you can effectively prepare for your CMA Final exam, including Advance Financial Management. Good luck with your preparation!