Welcome to your first week! This is a very exciting journey and you’ve taken the most important step, showing up.
It’s easy to lose sight of the end-goal, but with a well structured weekly plan, it’ll be easier to focus on studying than on trying to figure out what to study. The PDF version of the entire 12-week course will be emailed to you in a week. To make sure you receive it, whitelist my email so it doesn’t end up in junk mail.
Because I don’t know which part you are studying for, I’m including instructions for both parts.
This course has been updated to reflect the latest CMA exam format and content effective January, 2015.
A quick tip before you begin: Try to study at least 3 hours a day, and in the weekends a little more if your schedule permits.
Let’s get started shall we?
Certified Management Accountant Part 1 – Section A: External Financial Reporting Decisions
In this week, your main focus will be on Financial Statements and Recognition, measurement, valuation, and disclosure.
1. Financial statements
- Balance sheet
- Income statement
- Statement of changes in equity
- Statement of cash flows
2. Recognition, measurement, valuation, and disclosure
- Asset valuation
- Valuation of liabilities
- Equity transactions
- Revenue recognition
- Income measurement
- Major differences between U.S. GAAP and IFRS
Certified Management Accountant Part 2 – Section A: Financial Statement Analysis
In this week, your main focus should be on Basic Financial Statement Analysis and on Financial Performance Metrics – Financial Ratios. Focus on topic 1 for only one day, and allocate the rest of the week to topic 2. If after this week you were not able to finish studying all of the financial ratios, please take one day from next week to finish them up.
1. Basic Financial Statement Analysis
- Common size financial statements
- Common base year financial statements
2. Financial Ratios
Try to focus only on studying these topics. If you finish studying before the end of the week, go over your notes and formulas to harness your knowledge.
This weekly study plan is a simplified version of the study plan in my CMA Coach Study Guide.
If you’d like a more in-depth guide that includes exam tips, exam formula guides and much more, please visit the Study Guide page and get your copy. This is a must-have guide if you plan to self-study.
Until next week.