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Pro Tips for Clearing CMA Inter Group 2 – Cost Management Accounting and Financial Management

CA / By PARUL | 2021-11-27

Brief About CMA Inter Group -2

CMA Inter Group 2 is the successor of CMA Inter Group 1 and both are not very different from each other. The only difference is that in Inter Group 2, there will be more exhaustive subjects that will expect the test taker to have an in-depth understanding of both theoretical and practical concepts.

Brief About Cost Management Accounting and Financial Management

Students are advised to know that our CMA inter cost and management accounting classes cover the syllabus that has been created using the material of the official CMA institute. The exam paper is divided into two sections –

Section A: Cost & Management Accounting (50 Marks) – Here the topics included are Decision making tools, Budget and budgetary control, learning curve, standard costing & variance analysis.

Section B:  Financial Management (50 Marks) - Here the topics included are working capital management, cost of capital, capital structure theories – dividend decisions and leverage analysis

Some of the value-added tips from the CD Classes to clear the CMA inter cost and management accounting paper

 

  • The first step is to revise all the concepts of Inter Group 1 to have a crystal clarity of the concept. The test taker should start with touching up on the concepts of Marginal Costing such as Absorption Costing, Cost-Volume-Profit Analysis (CVP Analysis) etc. 

  • In CMA inter cost and management accounting syllabus, the concept of fixed, variable and semi-variable costing can get confusing, as the paper requires understanding of the advanced level of topics. Hence, it is important to practice different variety of questions 

  • The entire concept of Financial Management relies on the formulas. Hence, the online pen drive CD Classes ensures to provide a list of formulas covering all the areas. 

  • In the syllabus there are three kinds of analyses - Financial Ratio analysis, funds flow analysis and cash flow Analysis. Our experts start with financial ratio analysis then slowly move on to cash flow analysis and then finally to funds flow analysis. 

  • The Capital Structure concept is easy, it just needs proper revision from time to time. 

  • In the concept of financial ratio analysis, it is important to understand the relevance of the ratios and not just simply mug the ratios.

     

 

The Online Pen drive classes of CMA inter cost and management accounting classes include the following topics and No. of videos:

  • Reconciliation of Cost and Financial Account