Welcome to Week 8!
You should be very proud of yourself that you’ve made it this far. This is a good time to register for the exam. Once you have a set date, it will give you even more determination and motivation to continue studying.
If you are not sure how to register, please click on this article to learn more about the process: Become a CMA
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 D: Cost Management (Continued)
In this week, focus on:
1. Supply Chain Management
- Lean manufacturing
- Enterprise resource planning (ERP)
- Theory of constraints and throughput costing
- Capacity management and analysis
2. Business process improvement
- Value chain analysis
- Value-added concepts
- Process analysis
- Activity-based management
- Continuous improvement concepts
- Best practice analysis
- Cost of quality analysis
- Efficient accounting processes
Certified Management Accountant Part 2 – Section C & D: Decision Analysis (Continued) & Risk Management
- Pricing methodologies
- Target costing
- Elasticity of demand
- Product life cycle considerations
- Market structure considerations
1. Enterprise risk
- Types of risk
- Risk identification and assessment
- Risk mitigation strategies
- Managing risk
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.
If you find the content hard to learn, perhaps having an instructor by your side helping you each step of the way may be better than self-studying. Check out the video below that explains more about this and about my online CMA video prep course:
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,