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Tips for crack CMA Foundation exam 1. Make sure the strategy is feasible : I've suffered from a lack of effective scheduling on numerous occasions because my plans were always superficial because I overestimated myself. As a result, we must recognise that constructing an efficient study schedule involves time, effort, and an awareness of our own time. A well-thought-out plan guarantees that you don't fall behind as the exam approaches and that you cover all of the important CMA exam subjects. 2. SMART Technique (Specific, Measurable, Attainable, Relevant, and Time-bound) : One strategy to ensure that your plan is effective is to use the SMART technique. The SMART method ensures that the chosen plan or target takes precedence over all other objectives. The SMART approach asks you to set goals based on the features listed below: Specific : Goals should be clear and concise. Measurable : You should be able to track your progress toward your goal. For example, instead of covering

CMA Foundation Syllabus  2021 Check Details  CMA Foundation Syllabus & CMA Foundation Exam The Institute of Cost Management Accountants of India administers the CMA Foundation  Exam , which is a disconnected expressive test administered by pen and paper. The test consists of four papers. Each is worth 100 stamps and lasts three hours. The exam will last for at least four days. It takes place twice a year, once in June and once in December.   Eligibility Criteria and Registration Process You must appear for the Secondary School Examination (10+2) or a proportional examination as determined by the Central Government.   If you meet this requirement, you are qualified to enroll. It's worth noting that if you're waiting for your results, you can apply for temporary enrollment.   You can enlist in one of two different ways: Offline registration Online registration In the event that you pick disconnected enrollment, you’ll need to mail in your application to your individual territ

What is ICMAI ? Its  History and the primary qualification of the ICMAI History of ICMAI The Institute of Cost and Management Accountants of India (ICMAI) was established in 1944 as a registered limited liability company (LLC) under the terms of the Companies Act of 1913. ICMAI's goals include regulating, promoting, and growing the field of value accounting. This law was passed to give ICWAI statutory registration as an independent professional institute. On December 12, 2011, the CWA Amendment Bill was introduced in both houses of parliament — the Lok Sabha and the Rajya Sabha. The CWA Amendment law was approved by the Honorable President of India on January 12, 2012. The amendments were published in India's Official Gazette on January 13, 2012.   ICMAI qualifications and curriculum   CMA completion is the ICMAI's primary qualification, which entails passing up to three levels of examinations – Foundation, Intermediate , and  Final  – as well as three years of practical tr

 Fundamentals of Accounting - Bill of Exchange (CMA Foundation) About Bill of Exchange The Negotiable Instruments Act 1881 governs the provisions for bills of exchange. According to Section 5 of this act, the bill of exchange is defined as. A bill of exchange means a binding agreement by one party to pay a fixed amount of money to another party as on a specified date or on-demand. In other words, it is a written negotiable instrument containing an unconditional order to pay a specified sum of money to a certain person or to the bearer of the instrument, as directed in the instrument by the maker. The bill of exchange is either payable on demand or after a specified period.   Meaning of Bill of Exchange A bill of exchange is a document that is drawn by one person and directs another person to pay another person a specific sum of money. If the individual who is supposed to pay the sum accepts the bill of exchange, it is of practical use.   Features of the bill of exchange It must be in w

 What are Bills of Exchange? | CMA Foundation When we thought of one of the subjects of CMA Foundation Fundamentals of Accounting , then the bill of exchange seems an important topic to understand. So here in this article we sprinkle on the: All these subtopics will help you in understanding the concept of CMA Foundation Bill of Change of Fundamentals of Accounting. Bill of exchange Meaning Bill of exchange definition Bill of exchange example Features of the bill of exchange Parties of the bill of exchange A bill of exchange is a legally enforceable agreement between two parties to pay a specific sum of money to the other party on a specific date or upon demand. In other terms, it is a written negotiable document that contains an unconditional order from the creator to pay a set sum of money to a specific person or to the bearer of the instrument, as directed in the instrument. The bill of exchange might be paid immediately or after a set length of time.   The bill of exchange is issu

How to Become a Certified Management Accountant (CMA) If you're interested in the CMA because of all the benefits it may bring to your career, you'll want to discover how to become a CMA so you can get started. So, follow this step-by-step guide to discover more about CMA eligibility and to get started on your CMA adventure. The truth is, CMAs are in high demand and low supply right now. And the good news is, becoming one is absolutely attainable. By following my plan below you can apply for your Certified Management Accountant Certification.   How to Become a CMA Obtaining a CMA – Certified Management Accountant  (assured the executive's bookkeeper) certification is an excellent way to advance your bookkeeping career. The Institute of Management Accountants offers the CMA assignment, which is a widely recognized professional credential (IMA). As a result of this accreditation, you will have access to a large number of changes in the board's budgeting and bookkeeping th