How to plan for CMA Inter for Direct Route students

How to plan for CMA Inter for Direct Route students

How to plan for CMA Inter for Direct Route students

  • CMA Inter | Direct Entry Route

  • CA Samiksha Sethia

 

The Institute allows you to enter directly to its Intermediate Course under the following scenarios -

  1. Graduate of any Discipline (excluding performing art, music)
  2. Pursuing Engineering Course (having completed 2nd year / Semester IV/ equivalent) or Qualified Engineers
  3. Qualified Foundation Examination conducted by the Institute of Company Secretaries of India
  4. Qualified the Intermediate Examination conducted by the Institute of Chartered Accountants of India

Candidates awaiting results of degree examinations may also apply for provisional admission. Such students would be provided a time period of 18 (eighteen) months to convert from Provisional to Regular Status.

 

It is said that - “If you fail to plan well, you are planning to fail”. So, you need to plan your study timeline well in advance to crack the examination in one shot.

 

Which are the Subjects to be studied at CMA Intermediate Level?

CMA Intermediate level comprise of 8 subjects divided into Group I and Group II, each group having four subjects as mentioned below:

Group I:

Financial Accounting
Laws and Ethics
Direct Taxation
Cost Accounting

Group II:

Operations Management and Strategic Management
Cost and Management Accounting and Financial Management
Indirect Taxation
Company Accounts and Audit

 

Within what time should you register for the Examination?

Examination Term

Last date of registration

June term

31st January of same year

December term

31st July of same year

 

How to decide whether to appear for both the groups or one group at a time?

The Institute allows you to appear for one group or both groups at a time. It is always advisable to prepare for both groups at a time to pass your CMA Exam at the earliest. However,  you may decide to appear for a single group due to time or any other constraints.

Appearing for both the groups simultaneously increases the probability of clearing the examination due to the set-off benefit.

Say, your score is as follows:

  1. Aggregate of Group I - 210 and 
  2. Aggregate of Group II - 195 
  3. 40+ in every subject individually. 
  4. Total aggregate score is 405/800 (more than 50%)  in both groups.

If you appear in both groups, you will pass this exam due to the set-off effect. Whereas,  if you have appeared in a single  group at a time, you will pass in Group I (as the aggregate score is more than 50%) and you will have to re-appear for Group II (as the aggregate score is less than 50%)

 

What should be your Average Study time per day?

The following table illustrates the detailed preparation time of the Intermediate exams in 3 cases-

- If you appear for Both Groups - Minimum 10 months study time required
- If you appear for Group I only - Minimum 6 months study time required
- If you appear for Group II only - Minimum 6 months study time required

 

 

Both Groups

Only Group I

Only Group II

Preparation Time

8 months

4 months

4 months

Revision Time

2 months

2 months

2 months

Number of classes per subject

On average 70 classes of 2.5 hours each per subject

On average 70 classes of 2.5 hours each per subject

On average 70 classes of 2.5 hours each per subject

Total number of hours to be studied per subject

70 classes x 2.5 hours x 8 subjects 

= 1400 hours

70 classes x 2.5 hours x 4 subjects 

= 700 hours

70 classes x 2.5 hours x 4 subjects 

= 700 hours

Average Study Hours per day

1400 / 8 months / 25 days per month

= 7 hours/day

700 / 4 months / 25 days per month

= 7 hours/day

700 / 4 months / 25 days per month

= 7 hours/day

Number of classes to be done each day

7 hours / 2.5

= 3 classes approx

7 hours / 2.5

= 3 classes approx

7 hours / 2.5

= 3 classes approx

Please Note:

  1. As per this timeline, you are required to do the classes for 6 days a week i.e., on an average 25 days per month and 1 day per week should be devoted for Revision and for referring to the Institute's Study Material of the topics that have been covered during the week for every subject.
  2. The above timeline has been prepared assuming that you are taking classes for every subject. However, if you are not taking classes for any particular subject then you should do an equivalent amount of self study for that subject as per the timeline to keep the preparation for all subjects at par.

What is the suggested Study Plan which I should follow to complete my preparation?

Case 1: If you are preparing for Both Groups

Days -Time Slots

Morning

Afternoon

Evening

Monday

Cost Accounting

Sub 1 - Direct Taxation

Sub 2 - Indirect Taxation

Law

Tuesday

Sub 1 - Direct Taxation

Sub 2 - Indirect Taxation

Sub 1- Financial Accounting

Sub 2 - Company Accounts

Law

Wednesday

Cost Accounting

Sub 1- Financial Accounting

Sub 2 - Company Accounts

Sub 1 - Financial Management

Sub 2 - Cost Gr 2

Thursday

Sub 1 - Direct Taxation

Sub 2 - Indirect Taxation

Sub 1- Financial Accounting

Sub 2 - Company Accounts

Sub 1 - Financial Management

Sub 2 - Cost Gr 2

Friday

Cost Accounting

Sub 1- Financial Accounting

Sub 2 - Company Accounts

OM-SM

Saturday

Sub 1 - Direct Taxation

Sub 2 - Indirect Taxation

OM-SM

Audit

Sunday

Sub 1 - Direct Taxation

Sub 2 - Indirect Taxation

Backlog and Revision

Note:

  1. This Study Plan has been prepared assuming that you will initially invest in 5 or 6 subjects and after completing them you will invest in the other subjects.
  2. You are advised to study Financial Accounting, Direct Taxation and Financial Management for the first 4 months and then start Company Accounts, Indirect Taxation and Cost Gr 2 during the remaining 4 months in the same time slots to avoid stress and maintain a balance.
  3. This timetable has been prepared assuming that each subject comprises 70 classes on an average.However, the number of classes may vary (may be more or less) depending on the subjects. So, once you finish the classes of a particular subject (which has less classes) according to this schedule, you must utilise that time slot to complete the additional classes of other subjects (which has more classes)
  4. If you are unable to complete the classes of any subject as per this time schedule, you should do 2 classes on Sundays to make for the difference.

Case 2: If you are preparing for Group I only

 

Days-Time Slots

Morning

Afternoon

Evening

Monday

Cost Accounting

Financial Accounting

Direct Taxation

Tuesday

Law

Financial Accounting

Direct Taxation

Wednesday

Cost Accounting

Financial Accounting

Direct Taxation

Thursday

Law

Financial Accounting

Direct Taxation

Friday

Cost Accounting

Financial Accounting

Law

Saturday

Cost Accounting

Law

Direct Taxation

Sunday

Backlog and Revision

Note:

  1. This timetable has been prepared assuming that each subject comprises 70 classes on an average. However, the number of classes may vary (may be more or less) depending on the subjects. So, if you finish any of the classes earlier you may utilise that time slot for completing other classes or for revision purposes.
Case 3 : If you are preparing for Group II only

 

Days-Time Slots

Morning

Afternoon

Evening

Monday

Financial Management

Company Accounts

Indirect Taxation

Tuesday

OM-SM

Company Accounts

Indirect Taxation

Wednesday

Financial Management

Company Accounts

Indirect Taxation

Thursday

OM-SM

Cost Group 2

Indirect Taxation

Friday

Financial Management

Cost Group 2

Audit

Saturday

OM-SM

Cost Group 2

Audit

Sunday

Backlog and Revision

Note:

  1. This timetable has been prepared assuming that each subject comprises 70 classes on an average. However, the number of classes may vary (may be more or less) depending on the subjects. So, if you finish any of the classes earlier you may utilise that time slot for completing other classes or for revision purposes.
  2. You are advised to complete the classes of OM first and then start with SM classes.

Download Study Plan - CMA Inter Direct Entry

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Click the button below to read about the preparation strategies for CMA Online Exams.

How to prepare for CMA Online Exams?

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The Three Tier Preparation Model

 

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