October 30, 2019 at 2:17 pm #2771097EasyDoesIt81Participant
I used Hock International for Text/Videos to learn the material and Gleim for Test Bank (very similar to actual exam). Passed both exams on first try. I am slow learner so whatever the average study time is in this post, just multiply that by 1.5 and that's likely the amount of study time I put in.November 9, 2019 at 3:38 pm #2788155November 28, 2019 at 3:35 pm #2816826
@ Bean Counter
Nervously waiting away…lol
Right now I am at around 25% efficiency for studying part II .
I don't want to go full blast until I know the outcome of part 1.November 28, 2019 at 4:19 pm #2816898OnmywaytoCPAParticipantNovember 28, 2019 at 11:16 pm #2817579B4BeanCounterParticipant
I missed Part 1 by 20 points…Underestimated this exam hahaNovember 29, 2019 at 12:00 am #2817609MercenaryParticipant
So would this be worth pursuing after passing the CPA if my ultimate goal is being a CFO rather than work in a CPA firm?
Would it help much getting a job in general?
And finally how tough is if taken soon after the CPA?
Considering it but not sure if I should put down the money for a review program. Although Gleim is having a black friday sale so its tempting.December 1, 2019 at 6:44 am #2821341Jeff Elliott, CPAKeymaster
If you're up for it, the CMA is the “best” post-CPA Exam pursuit you can do in my opinion.
– It's low-cost financially (relative to getting some additional degree)
– It's a rigorous exam, but it's NOT the CPA Exam
– You could make the case that it's more relevant to being an accountant / CFO than the CPA, as it deals with decision-making (vs learning NFP accounting or Estate tax law)
– Most people won't know what it is – but recruiters probably will – and your future boss will nod their head in approval once you explain it to them in an interview
ROI-wise, it's CMA vs MBA or something else.December 14, 2019 at 7:02 pm #2844606
Regardless of which order a person completes these, I think the first credential is like a Bachelors degree and the other credential is complimentary and like a masters.
Each credential challenges a candidate in different ways.
However, if someone was eligible to sit for the CPA exam I would never advise that they pursue the CMA first. The CPA is the “gold standard” and the CMA is a nice added credential that better prepares an individual for work within a company (as opposed to a CPA firm).December 14, 2019 at 7:04 pm #2844609
Even though I have not completed the CMA process yet, I now feel I have a much more solid foundation in finance, cost accounting, and general financial analysis than before.
I may be tooting my own horn but this combined with above average competency on the IT side of things (SQL, programming languages, databases), this makes me more sophisticated and well rounded than the typical accountant (CPA or otherwise).
However, I have much less applied experience in tax because I have never worked on that side of things even in my public accounting days.