CMA - Page 2

Viewing 9 posts - 31 through 39 (of 39 total)
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  • #2771097
    EasyDoesIt81
    Participant

    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.

    AUD - NINJA in Training
    BEC - NINJA in Training
    FAR - NINJA in Training
    REG - NINJA in Training
    FAR - 12/2019

    CMA Part 1 - 10/2017 - Pass, 380; Hock/Gleim
    CMA Part 2 - 10/2018 - Pass, 390; Hock/Gleim

    #2788155
    B4BeanCounter
    Participant

    Anyone else waiting for their scores this month?

    AUD - 86
    BEC - 87
    FAR - 87
    REG - 84
    "The brick walls are there for a reason. The brick walls are not there to keep us out; the brick walls are there to give us a chance to show how badly we want something. The brick walls are there to stop the people who don't want badly enough." - Randy Pausch, The Last Lecture.
    #2816826
    Phil
    Participant

    @ 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.

    REG - 93 90% Gleim MCQ/book + 10% Wiley MCQ

    BEC - 79 100% Wiley MCQ/book

    FAR - 88 100% Gleim MCQ/book + Ninja Audios

    AUD - 85 100% Wiley MCQ/book + Ninja Audios

    Licensed CPA as of 2019

    CMA Pt 1  400  100% Gleim MCQ/book

    #2816898
    OnmywaytoCPA
    Participant

    I am waiting on my score as well. I took part 2 last year on June 30, 2018 and missed it by 10 points. I retook it on October 31, 2019. Scores are two weeks away. I'm hoping that I got a 360 or better. I'm so ready to get this test/certification behind me. I refuse to take Part 2 for a third time.

    AUD - 83
    BEC - 79
    FAR - 77
    REG - 90
    CMA Part 1 - 360 (Barely made it but I made it)
    CMA Part 2 - 360 (Made it by the skin of my teeth)
    #2817579
    B4BeanCounter
    Participant

    I missed Part 1 by 20 points…Underestimated this exam haha

    AUD - 86
    BEC - 87
    FAR - 87
    REG - 84
    "The brick walls are there for a reason. The brick walls are not there to keep us out; the brick walls are there to give us a chance to show how badly we want something. The brick walls are there to stop the people who don't want badly enough." - Randy Pausch, The Last Lecture.
    #2817609
    Mercenary
    Participant

    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.

    AUD - 85
    BEC - 86
    FAR - 91
    REG - 84
    CMA Part 1 - January 2020

    CMA Part 2 - February 2020

    #2821341
    jeff
    Keymaster

    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.

    #2844606
    Phil
    Participant

    @ Jeff

    Well Said

    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).

    REG - 93 90% Gleim MCQ/book + 10% Wiley MCQ

    BEC - 79 100% Wiley MCQ/book

    FAR - 88 100% Gleim MCQ/book + Ninja Audios

    AUD - 85 100% Wiley MCQ/book + Ninja Audios

    Licensed CPA as of 2019

    CMA Pt 1  400  100% Gleim MCQ/book

    #2844609
    Phil
    Participant

    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.

    REG - 93 90% Gleim MCQ/book + 10% Wiley MCQ

    BEC - 79 100% Wiley MCQ/book

    FAR - 88 100% Gleim MCQ/book + Ninja Audios

    AUD - 85 100% Wiley MCQ/book + Ninja Audios

    Licensed CPA as of 2019

    CMA Pt 1  400  100% Gleim MCQ/book

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