CMA Study Group

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  • 1.  PV factor table

    Posted 01-03-2021 11:18 PM
    I heard that the PV factor will be available during the exam. But for those who already took the Part 2, do you prefer to use this or you learned how to calculate manually in your calculator? What model of calculator did you use? Which one is more efficient - referring to the table or calculating on your own?

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    Kristine Kaye
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  • 2.  RE: PV factor table

    Posted 01-04-2021 12:52 AM
    Hi Kristine,

    Manual calculation is time consuming. Better to use PV Table and I believe PV tables are given in part 1 also.

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    Badar Ghafoor
    Accountant
    Dubai
    United Arab Emirates
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  • 3.  RE: PV factor table

    Posted 01-05-2021 04:36 AM
     Hello, 

    Am looking for cma instructor who can give online private courses for part 1? 

    If anyone can help plz contact me on 009613981927





  • 4.  RE: PV factor table

    Posted 01-31-2021 01:55 AM
    Hi Kristine,
    PV factor is calculated using the formula - PV = FV * [1/(1+r)^n]

    What you need to do in calculator is - Divide '1' with the Denominator only --->  (1+r)^n.
    (1+0.10) i.e Divide 1 (Numerator) by 1.10 (Denominator) if your R (Interest Rate) = 10%.

    For 1 year --- It will be 1 / 1.10  (for 1st year)
    Then press again for Second year.

    Hope this helps.
    Thanks,
    Rohan.

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    Rohan Sharma
    Analyst
    Palampur, District Kangra
    India
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  • 5.  RE: PV factor table

    Posted 02-02-2021 01:01 AM
    Hi Kristine,

    I'm currently using HP 10bii+ to study for Part 2 and that's what Wiley CMA ​teaches (using the financial calculator). No need to manually calculate using formulas....that's going to be way time consuming. I'd suggest you get used to using one of the ICMA approved calculators to do such MCQs (i.e. DCF, NPV, IRR, etc.) but also learn how to use the PV factor table just in case your calculator runs out of its batteries.

    I hope this helps!

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    Daniel Jo, CPA
    Internal Auditor - Risk & Control
    Sunnyvale, CA
    United States
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