Amani is one of our CMA exam bloggers. She writes for us every Tuesday.
I am currently using Gleim CMA’s printed version, as I always prefer to put in my notes and underline what seems important to me. I also printed the summary they provide for each unit, and the audio version of the book, although I’m not a big fan of it and I don’t use it much.
In studying some people like to focus more on subjects with higher weights, but for me I wanted to put in equal effort while focusing mostly on the weak parts not the weights. The following is an overview of the material:
I started with the same order of the units: I finished the first 3 units which were brief reviews of accounting principles and the presentation of the financial statements. It took almost two weeks for me (keep in mind that I study daily after work 3 hours).
Then I jumped ahead to the budgeting part because it represents 30% of the CMA and one of my favorite subjects, followed by costing units which were relatively easy, except for unit 5 in which I struggled a bit.
Unit 10 was easy to go through simple calculations and couple of ideas, but you need to summarize all the formulas in it to have a better grip of it. Later I finished unit 11, it was simple to understand so it didn’t take me much time.
Currently I’m studying units 12 and 13. Although they are not difficult, I’m not great in memorizing definitions. Also, not having practiced internal controls and audit functions or even some of the information technology mentioned in those units, I find it harder to study than I originally thought. Therefore, I decided to go over them more than once or even twice.
Gleim CMA’s book as a whole is not complicated and doesn’t take much time to finish. Each unit ranges from 3-7 days including the end-of-unit questions.
But the difficult part is the online tests: the first ones I didn’t score more than 60-70%; which made me frustrated and I thought my study was not enough so I went back and studied the units again. That wasn’t helpful, as I only scored better in the theoretical subjects. Still with practice I got higher marks, I’m now at almost 75% average and I plan to raise it up a notch.
In conclusion the material by itself is not enough for you to pass, you must practice questions and essays, as many as you can, its a true saying practice makes perfect (almost to be exact).
Amani I can’t agree with you more on the experience. I had the exact feeling myself when I went through Gleim CMA Part 1 myself. I thought it was a breeze until I hit the practice questions, and boy, it was frustrating! As you said, things get better each time I worked on the questions. It was a great feeling to know I was slowly but surly improving.
Hello, I am from Jordan and a recent graduate. I have passed Part 1 on my first try after 4 months of studying. I accepted a teaching position for a CMA review course and therefore have to postpone my Part 2 to 2016.