How much math is on CMA exam?

  • Creator
    Topic
  • #1561621
    tvpaul
    Participant

    I’ve been studying using Gleim CMA and there seems to be a ton of formulas. Is it more important to understand what the formulas mean? Or do I need to memorize them and be able to do a lot of workout problems on the actual exam?

    Also anyone that used the Gleim CMA Test bank, how effective did you feel it was?

    Thanks!

    BEC: 80
    AUD: 88
    FAR: Retake
    REG: Retake

    CMA Part 2: 390

    CMA Part 1: TBD

Viewing 15 replies - 1 through 15 (of 26 total)
  • Author
    Replies
  • #1564804
    Anonymous
    Inactive

    The CMA outline seems similar to FAR outline. I wonder why do you want to take CMA as well?

    #1564813
    tvpaul
    Participant
    #1564840
    Anonymous
    Inactive

    Thank you. I took BEC in April so i still can remember some stuff. What materials are you using?

    #1564846
    tvpaul
    Participant

    @betovich yeah I took BEC in January and still remember stuff so it'll definitely help you. I'm using Gleim CMA

    #1564851
    mtaylo24
    Participant

    @tvpaul, I've been working the Gleim cma demo today and yesterday, I see how they are diving further in the details. Not just DM, they going all the way down to raw materials.

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1564852
    tvpaul
    Participant

    @mtaylo24 it's making me wonder if Gleim cma just has really tough questions because some of these questions feel harder than the CPA.. which I've never heard anyone say the actual CMA exam is harder than the CPA

    #1564857
    Anonymous
    Inactive

    I am just checking a 2014 cma Hock review.

    The following information is for the next three questions: ChemKing uses a standard costing system in the manufacture of its single product. The 35,000 units of raw material in inventory were purchased for $105,000, and 2 units of raw materials are required to produce 1 unit of final product. In November, the company produced 12,000 units of product. The standard cost for material allowed for the output was $60,000, and there was an unfavorable quantity variance of $2,500.
    Question 111: ChemKing’s standard price for one unit of material is:
    a) $2.00
    b) $2.50
    c) $3.00
    d) $5.00

    #1564870
    mtaylo24
    Participant

    @tvpaul, I use Gleim for the CPA, and those questions were NOT baked into BEC. The CMA Exam appears to take a deeper dive in general.

    Example (and this is just chapter 1):

    The following information was taken from last year’s accounting records of a manufacturing company.
    Inventory – January 1 -December 31
    Raw materials – $38,000 – $ 45,000
    Work-in-process- 21,000 – 10,000
    Finished goods – 78,000 – 107,000

    Other information
    Direct labor – $236,000
    Shipping costs on outgoing orders – 6,500
    Factory rent – 59,000
    Factory depreciation – 18,700
    Advertising expense – 24,900
    Net purchases of raw materials – 115,000
    Corporate administrative salaries – 178,000
    Material handling costs – 35,800
    On the basis of this information, the company’s cost of goods manufactured and cost of goods sold are

    A. $460,500 and $489,500, respectively.
    B. $468,500 and $439,500, respectively.
    Answer (B) is correct.
    This solution requires a series of computations.
    Beginning raw materials – $ 38,000
    Add: net purchases raw materials – $115,000
    Materials available – $153,000
    Less: ending materials – (45,000)
    Materials used in production – $108,000
    Direct labor – 236,000

    Manufacturing overhead
    Factory rent – $59,000
    Factory depreciation – 18,700
    Material handling costs – 35,800

    Total Manufacturing overhead – 113,500
    Total manufacturing costs – $457,500
    Add: beginning work-in-process – 21,000
    Less: ending work-in-process – (10,000)
    Costs of Goods Manufactured – $468,500
    Add: beginning finished goods – 78,000
    Less: ending finished goods – (107,000)
    Cost of Goods Sold – $439,500
    C. $468,500 and $470,900, respectively.
    D. $646,500 and $617,500, respectively.

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1564906
    RE2PECT
    Participant

    ^^^ No thanks lol

    "Luck is what happens when preparation meets opportunity."

    Roger & Ninja

    FAR: 75
    AUD: 73, 81
    BEC: 71, 73, 82
    REG: 68, 82

    FAR: 75 Roger & Ninja (notes/flashcards/audio/MCQ)
    AUD: 73, 81
    BEC: 71, retake 8/29
    REG:

    #1564951
    mtaylo24
    Participant

    @Re2pect I don't blame you. BEC was such a nightmare for the both of us LOL!

    CPA (2017)

    REG:  75

    BEC:  76

    FAR:  77

    AUD: 78

     

    CMA (2019)

    P1: 380

    P2: 360

    AUD - 1st - 60 (12/12), 61 (2/13), 61 (8/13), 78! (11/15)
    REG - 55 (2/16) 69 (5/16) Retake(8/16)
    BEC - 71(5/16) Retake (9/16)
    FAR - (8/16)

    #1565388
    Anonymous
    Inactive

    You'll definitely need to know your financial ratios. Every single one. Hope you liked your management/cost accounting classes.

    Also, the sims are pretty hard.

    However, in terms of difficulty, it's not easy to compare since there are only two of them and not four like the CPA. Each of the CMA exams are harder than a single CPA exam, but it's not as difficult as studying for and taking two of the CPA exams. More like 1.5?

    Off topic but has anyone studied for and taken the CGMA exam?

    #1565536
    tvpaul
    Participant

    @almond I have not taken the CGMA but isn't it similar to the CMA?

    I'm studying for part 2 right now and some of these formulas are insane. What study material did you use? And would you say focusing on ratios is the main focus of part 2? I'm trying to figure out what I need to focus on.

    #1565943
    Anonymous
    Inactive

    @tvpaul Not sure about the CGMA as the only people I know who have it are CPA's grandfathered into the designation. Also, I used Gleim CMA for the CMA.

    What you need to focus on, like the CPA, is on your weaknesses while continuing to review everything else. Expect to see everything in that book + whatever you see in your MCQs.

    I read through the book without working a problem. Then I hit about 1500-2000 MCQs per part. I did 40-100 MCQs at a time. I'd oscillate between pulling MCQs from every unit & pulling MCQs from my lowest scoring units and hitting those hard.

    I believe you're still allowed a financial calculator to bring in to the exam with you. If you know / learn reverse Polish notation, a HP 12C Financial Calculator may serve you well.

    #1565997
    waffle_house
    Participant

    I want to start studying for my CMA as soon as possible, but it is hell of expensive.

    I actually work for a manufacturing facility so those questions don't seem that bad but yes they are very detailed. Still not as hard as the CPA

    AUD - 80
    BEC - 75
    FAR - 84
    REG - 76
    Exams started Sep 2014 -Exams done Mar 2017

    Texas CPA

    I put in work, it was evident

    #1565998
    waffle_house
    Participant

    @Almond

    Did you take both parts in the same testing window?

    AUD - 80
    BEC - 75
    FAR - 84
    REG - 76
    Exams started Sep 2014 -Exams done Mar 2017

    Texas CPA

    I put in work, it was evident

Viewing 15 replies - 1 through 15 (of 26 total)
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