CMA Final Study Plan - Both Group

This CMA Final Study Plan is a day by day time table prepared for CMA Final Students who will be preparing for CMA Final Exams in December attempt. This CMA Final Study Plan is for Both Groups. You all must have the same question i.e. ‘How to start?’ The Biggest problem with all! Don’t worry. Here’s the solution- the study plan for CMA Final Both Groups.
Following assumptions have been made while making this Study Plan for CMA Final Students.

All subjects classes are done
articleship is complete
you are on office leave (if articleship is still pending)

A minimum 3-4 months of self-study is required to clear CMA Final Both Groups. This Study Plan is for December attempt and prepared accordingly.

Which time is better for studying for CMA Final Exams?

If you want to complete your study on a timely basis, start studying in the early morning. It’s the best time for study. Wake up as early as you can and study consistently for 4-5 hours, in afternoon 3-4 hours, this way you will complete your syllabus in time.

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Table of Contents

CMA Final Study Plan – 1^stReading

During 1^stReading finish all 8 CMA Final subjects in a given period and make summary notes during this period for revision purpose. Minimum 12 hours should be allotted for 1^stReading on a daily basis. “Consistency is the key here”.

⇒ Total time per subject = 90 hours

Make sure you finish all your subjects and notes making also cut down the number of sums to be practised next time by at least 30%-50%. This 30%-50 % will be of all the materials you will be referring for exams like institute material, Reference Books, MCQs, classes notes etc.
E.g. Suppose in Marginal Costing 60 sums are there in total, try to cut it down to 35 to 40 sums for next revision, just don’t overdo it.

CMA Final Study Plan – 1^stReading
Date	Daily 9 hours	Daily 3 hours
1 August – 10 August	Direct Tax	Law
11 Augugst -20 August	SCM	Law
21 August – 30 August	SFM	Law
1 September – 10 September	CFR	Cost Audit
11 September -20 September	Indirect Tax	Cost Audit
21 September – 30 September	SPM.BVM	Cost Audit

After finishing the first reading, the first revision will start from October onwards.

CMA Final Study Plan – 1^st Revision

During 1^stRevision finish all 8 CMA Final subjects in the given period and revise from summary notes made during 1^stReading. Minimum 13 hours should be allotted for 1^stRevision a daily basis. During this period also solve MTP, RTP and Previous Papers

⇒ Total time per subject = 45-50 hours

During this revision again cut down the number of sums to be practised next time by another 25%-30%. These 25%-30% reduction shall be from existing sums which were marked during 1^stReading.
E.g. Suppose in Marginal Costing there were total 60 sums and it was brought down to 40 sums during 1^stReading, now again cut it down to 25-30 sums don’t overdo it.

CMA Final Study Plan – 1^st Revision
Date	Daily 10 hours	Daily 3 hours
1 October – 5 October	SFM	Law
6 October -10 October	SCM	Law
11 October -15 October	Direct Tax	Law
16 October -20 October	CFR	Cost Audit
21 October -25 October	Indirect Tax	Cost Audit
26 October -30 October	SPM.BVM	Cost Audit

After finishing the first revision, the second revision will start from November onwards.

CMA Final Study Plan – 2^nd Revision

During 2^ndRevision finish all 8 CMA Final subjects in the given period and revise from summary notes made during 1^stReding. Minimum of 14 hours should be allotted for 2^ndRevision.

⇒ Total time per subject = 42 hours

During this revision again cut down the number of sums to be practised next time by another 25%-30%. These 25%-30% reduction shall be from existing sums which were marked during 1^stReading.
During this period just revise from the notes which were followed during 1^stRevision and solve previous attempt papers.

CMA Final Study Plan – 2^nd Revision
Date		Daily 14 hours
31 October – 2 November		Law
3 November – 5 November		CFR
6 November – 8 November		SFM
9 November – 11 November		Indirect Tax
12 November – 14 November		SCM
15 November – 17 November		Cost Audit
18 November – 20 November		Direct Tax
21 November – 23 November		SPM.BVM

After finishing the second revision, the third and final revision will start from November last week onwards.

CMA Final Study Plan – 3^rd Revision

During 3^rdRevision finish all 8 CMA Final subjects in the given period and revise from summary notes made during 1^stReading. Minimum of 14 hours should be allotted for 3^rdRevision.

⇒ Total time per subject = 21 hours

During this period just revise from the notes which were followed during 2^ndRevision and solve previous attempt papers and Mock Test Papers.

CMA Final Study Plan – 3^rd Revision
Date		Daily 14 hours
24 November – 25 November		Law
25 November – 26 November		CFR
27 November – 28 November		SFM
28 November – 29 November		Indirect Tax
30 November – 1 December		SCM
1 December – 2 December		Cost Audit
3 December – 4 December		Direct Tax
4 December – 5 December		SPM.BVM

For remaining days prepare Law which will be the first exam.

Tips for Writing CMA Final Examination:

Utilise 15 minutes reading time very effectively to choose those questions which you are most comfortable with.
Total Writing time = 180 minutes
Provision for Normal Loss during exams = 30 minutes
Net writing time = 150 minutes
Time per 1 mark = 150 minutes / 100 marks = 1.5 minutes
So a 2 mark question should be solved/answered in = 2 x 1.5 = 3 minutes
10 marks question should be answered in = 10 x 1.5 minutes = 15 minutes and so on.

Remember, if you are going beyond this time schedule, then, you need to gear up
and adjust somewhere.

Follow this CMA Final Study Plan for a guaranteed success in CMA Final Exams. Yes! Guaranteed success, to achieve this Consistency and Patience will be required. All the best for your CMA Final Exams, see you soon as a CMA.