- This topic has 51 replies, 6 voices, and was last updated 4 years, 10 months ago by Anonymous.
June 17, 2017 at 12:25 pm #1574285
Any CMA's in this forum that will like to share their experience with the Part 1 exam.
Will be highly appreciated.June 17, 2017 at 2:07 pm #1574336
I just took part 2! Haven't taken part 1 yet but based off my experience, the CMA exams seem easier than FAR and REG but harder than AUD and BEC. I thought the multiple choice was a little tricky and more in depth but the essay portion wasn't bad at all. Maybe I just got lucky on the topics I received for the essays but either way, definitely not as bad as CPA SIMs.June 17, 2017 at 2:34 pm #1574344June 17, 2017 at 6:34 pm #1574404
Some of them were, but less than I expected. I used Gleim CMA and it prepared me equally for all questions but the exam kind of felt like the CPA in that they try to touch as many topics as they can versus going really in depth in just a couple topics.June 17, 2017 at 6:36 pm #1574407
Also time management is key on this exam. I consider myself a very fast test taker, but I finished with like 15 seconds left. So one thing I felt was beneficial was going through all of the shorter questions that I knew first, then going back to the harder ones. If it felt like I either didn't know the answer, or it would take too long to figure out the answer, I just went on to the next question. Don't spend too much time during your test on one question.July 4, 2017 at 12:06 pm #1582066July 30, 2017 at 9:55 pm #1592315
It was not too bad. No where near CPA exams lol.
However, my simulations were many. I had 10 different tasks with three questions in each making a total of 30 questions to respond to in one hour. That was very rough. However, it seems new as my Gleim CMA study coach was shocked to hear that.
I plan to take the CMA Part 2 on September 2nd and will only have 3 weeks to study. The size of the CMA Part 2 book is quite encouraging compared to my current book, FAR 🙁 . So I need tips about the Part 2.July 31, 2017 at 10:18 am #1592469
Wait what? Hahaha wow… were they at least 30 small questions? Because I know on my part two, I only had 10 total questions and there's no way I would've been able to finish 30 questions. At least it's only 25% of the exam!
But oh yeah, I'd rather take 3 CMA exams over the 1 FAR exam haha but I honestly think 3 weeks will be fine. Just make sure you spend enough time on the practice questions! So I'd probably spend have my time with the lectures and the other half with problems. When I took it, I went through the Gleim cma testbank during my review phase and spent the last couple of days right before my test reviewing the IMA support package they provided.
One of the bigger/harder sections on part two is the NPV/Initial Investment but if you can get hold of one of the approved financial calculators, just practice those problems using that and it should be easy. I didn't know we could bring our own calculator until after I took the exam.. 🙂July 31, 2017 at 11:06 am #1592502mtaylo24ParticipantJuly 31, 2017 at 11:10 am #1592504
@mtaylo24 yeah, I think I get mine around August 11th? Will definitely let y'all know! If HOCK's TB is too much, maybe just try to get through it and then use the IMA support package. I thought the support package was really helpful.July 31, 2017 at 11:52 am #1592529
@tvpaul Yes, they were small, easy and basic. something like what is a SWOT analysis (not the exact one i got, just an example) and then the questions build up on that, advantages, disadvantages etc.
Thank you. Oh yeah, I took my financial calculator – didnt need it much for Part 1 tho but I assume I will be relying on it for those parts you mentioned.
And yes, the package is really helpful!
**Going back to FAR, only 8 more days** Wish me luck 😀July 31, 2017 at 1:20 pm #1592589mtaylo24ParticipantJuly 31, 2017 at 1:52 pm #1592618
@mtaylo24 I don't remember specifics because I signed up awhile ago but if I remember correctly, it was pretty quick. Especially because you can take the exams before you even send in your education and work requirements. But yes it is! They send you a PDF with ~350 questions per examAugust 10, 2017 at 8:46 pm #1598148August 10, 2017 at 9:36 pm #1598168