CMA Study Group

Part 2 items in Part 1?

  • 1.  Part 2 items in Part 1?

    Posted 6 days ago
    Good morning,

    For those who have taken both parts and started out with Part 1, would you recommend or give an opinion of items in Part 2 you wish had studied from while studying for Part 1 that would have helped make easier passing Part 1?

    I read in the Content Specification Outlines Certified Management Accountant (CMA) Examinations pdf, "The topics for Parts 1 and 2 have been selected to minimize the overlapping of subject areas among the examination parts. The topics within an examination part and the subject areas within the topics may be combined in individual questions."  I guess I was thinking just go by the LOS, but to make studying easier, instead of outsourcing to college books, etc, can you advise or give an opinion on which areas in Part 2 may greatly help with Part 1?

    Thank you and wishing you all to stay safe and healthy during this pandemic.
    Rebecca





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    Rebecca McNeely Wetzel
    Accountant
    Ormond Beach, Florida
    USA
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  • 2.  RE: Part 2 items in Part 1?

    Posted 5 days ago
    ​Hi Rebecca

    There are many topics by some how covered. I can't count but it is helpful.

    Thank you

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    Badar Ghafoor
    Senior Accountant
    Dubai
    United Arab Emirates
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  • 3.  RE: Part 2 items in Part 1?

    Posted 5 days ago
    Hey Rebecca

    Giving Part 1 before part 2, I believe, is more logical
    since it prepares the basework for Part2, esp the ratios
    and general accounting principles. There isnt too much
    overlap. So just studying for part 1 would help you sail
    through it. In case u have time, u can probably study the
    Ratios in part 2, especially the return on equity, investments and assets.

    Regards

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    Paras Chhabra
    Director/Manager
    New Delhi
    India
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  • 4.  RE: Part 2 items in Part 1?

    Posted 5 days ago
    Hi Rebecca,

    The overlapping of questions/ concepts between part 1 and part 2 is rare. However,​ studying a part (any order) beforehand would definitely help in better understanding of the other part as you'll get a hang of the connection between topics and an insight into the holistic picture.

    To be specific, the only topics which are vulnerable for overlap are Section E in part 1 and Section D in part 2. ERM and internal control go hand in hand.

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    Amith R
    Student
    Palakkad
    India
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  • 5.  RE: Part 2 items in Part 1?

    Posted 5 days ago
    ​Hi Rebecca,

    In my opinion, Part 2 – Section C.2. Marginal analysis – adding or dropping a segment may greatly help with Part 1 – Section C.2 – reporting segments.
    But the following sections will help with Part 2.

    Part 1 – Section A.2. Recognition....                 determine the effect on shareholders' equity of large and small stock dividends, and stock splits
    Part 1 – Section B.3. Forecasting techniques   expected value
    Part 1 – Section C.3. Performance measures   return on investmen
    Part 1 – Section D.2. Costing systems              value-added activity





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    Regards,
    [Christine] [Ye]
    [China]
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  • 6.  RE: Part 2 items in Part 1?

    Posted 5 days ago
    Hi Rebecca,
    I took Part II before Part I.  I would not recommend that.  I found many topics in Part I that were the basis for topics in Part II.  Not having studied those topics prior to taking the Part II test made it more difficult.
    Joseph





  • 7.  RE: Part 2 items in Part 1?

    Posted 5 days ago
    Thank you!  This is the kind of feedback I was looking for.  Since I will need to study for Part 2 eventually, I will take the advice given and dig just a tad into the ratios and some of the other suggestions provided.  This was great advice!

    Best regards,
    Rebecca