ICWAI CMA FOUNDATION Study Plan for Dec 2016 – Exam Tips


Get CMA FOUNDATION Study Plan for Dec 2016 and June 2017 with Daily Weekly Monthly Preparation Schedules. Prepare your CMA FOUNDATION exam with CACMACSGURU.COM Study Plan. We have already provided CMA FOUNDATION Syllabus for Dec2016 and CMA Foundation New Syllabus 2016 for June 2017 Exam. ICWAI’s CMA Foundation is an entry level test for Cost and Management Accountancy Course. If you want to become a Cost & Management Accountant, first you have to pass CMA FOUNDATION. Students need a preparation study plan to crack CMA FOUNDATION in first attempt. Here Cacmacsguru team exclusively providing CMA FOUNDATION Study plan for ICWAI’s CMA Foundation Exam Preparation with Daily, Weekly, Monthly basis schedules. Coming to the pattern of CMA FOUNDATION exam, It is an objective type test of  4 subjects namely, Fundamentals of Economics and Management, Fundamentals of Accounting, Fundamentals of Laws and Ethics & Fundamentals of Business Mathematics and Statistics with an objective to test the basic knowledge in these subjects.



Prepare CMA FOUNDATION with CaCmaCsGuru Hours Base Study Plan

Duration : 5 Months / 3 Months

Subjects Average hours
Fundamentals of Economics and Management Practical 50
Fundamentals of Accounting Theory 70
Fundamentals of Laws and Ethics Theory 65
Fundamentals of Business Mathematics and Statistics Practical 65

Importance of CMA Foundation study plan

A study plan is a well-defined time distribution according subjects and availability of time. It also helps a student to set clear and well defined learning goals. At the same time, you have to inculcate self-discipline and determination to complete your studies as per the schedule defined according to the study plan. You, as a Student, should block off-days and time-slots in your calendar and should dedicate yourself completely to studies. Study plan shall hold you accountable for your learning outcomes. 

Total Hours 24 24
Sleep 8 8
Breakfast + Lunch + Dinner + FB + What’s app + Internet 6 6
Balance 10 10
Accounts 4 6
Self Study Time (Memorising the theory and practicing questions) 6 4


Monday Tuesday Wednesday Thursday Friday Saturday Sunday
First half (Self Study) T T T T T T Off
Second half (Self Study) P P P P P P Off


Monday Tuesday Wednesday Thursday Friday Saturday Sunday
First half (Self Study) T P T P T P Off
Second half (Self Study) T P T P T P Off


CMA FOUNDATION Study Plan – Schedule – Monthly Plan


If completion time is 5 hours
Mon Tue Wed Thurs Fri Sat
First 2 months Study Paper 1 Paper 2 Paper 1 Paper 2 Paper 1 Paper 2
Next 2 months Study Paper 3 Paper 4 Paper 3 Paper 4 Paper 3 Paper 4
Last 1-month Revision Paper 1 and 2 Paper 3 and 4 Paper 1 and 2 Paper 3 and 4 Paper 1 and 2 Paper 3 and 4

CMA FOUNDATION Preparation Study Plan


CMA FOUNDATION Study Plan – Option 1: Early riser

Time Table: 10 Hours Study Plan
Time Daily Schedule
6:00 AM Wake Up
6 AM to 7 AM Warm Up/Exercise
7 AM to 9 AM Watching Video and making notes
9 AM to 9:30 AM Breakfast
9:30 AM to 11:30 AM Self Study
11:30 to 12:00 PM Break – Whatsapp/FB
12:00 PM to 3:00 PM Break – Lunch and Rest etc
3:00 to 5:00 PM Watching Video and making notes
5:00 PM to 5:30 PM Tea Break
5:30 PM to 7:30 PM Self Study
7:30 PM to 8:00 PM Relaxing
8:00 PM to 9:30 PM Self Study
9:30 PM to 11:00 PM Dinner and Watching TV
11:00 PM Bed time

CMA FOUNDATION Study Plan – Option 2

4:00 a.m. to 12:00 p.m. Sleep
12:00 p.m.to 2:00 p.m. Take Tea, Fresh and Take lunch
2:00 p.m. to 4:00 p.m. Take class and prepare notes
4:00 p.m. to 5 p.m. Tea Time and Relax
5 p.m. to 7:00 p.m. Self Study
7:00 p.m. to 8 p.m. Relax (Listen Music)
8 p.m. to 9:00 p.m. Self Study
9:00 p.m. to 11:00 p.m. Take Dinner, watch T.V., listen music
11:00 p.m. to 1:00 a.m. Take class and prepare notes
1:00 a.m. to 2:00 a.m. Take Tea, Facebook
2:00 a.m. to 4:00 p.m. Self Study

CMA FOUNDATION Study Plan – Option 3

Time Early Risers Nocturnal
5-6 AM Warmup NA
6 AM -8 AM Study NA
8 AM- 10 AM Break: breakfast etc warmup, breakfast etc
10AM-11 AM Study Morning routine
11 AM-12 Study Study
12 – 2 PM Facebook,friends ,Hometask etc Facebook,friends ,Hometask etc
2 PM- 3 PM Lunch Break Lunch
3 PM – 3:30 PM Rest Study
3 :30 PM – 6 PM Study Study
6 PM – 7 PM Break,tea,home task,sports,etc Break,tea,home task,sports,etc
7 PM -9 PM Study Study
9PM – 10 PM TV,Dinner etc TV,Dinner etc
10PM _11PM Study for half an hour and go to sleep Study
11 PM-1AM NA Study
Total Study hours 9 9
Total Sleep hours 7 7
Break Time hrs 8 8

 LearnFirst step in your preparation is to start understanding and learning the concepts. Start taking subjects one by one following the time-table.Now what should be your method of studying?

  • First a fast reading of the chapter should be done. Usually one page should not be given more than 5 minutes
  • Second reading should be slower, understanding each topic clearly.
  • Once the reading is done all questions given in the book should be attempted. First attempt all questions without using any answers and then check all questions at the end
  • You should mark your questions in a special way. i.e. the questions which were correct in the first attempt should be crossed and there is no need to attempt these questions again…all other questions which were incorrect should be done on next revision and follow the same steps of crossing the correct questions at that time.

ReviseRevision is a very important part for achieving success in any exam. You remember only 20% of what you read after 24 hours, so multiple quick revisions are very necessary. See timetable for the frequency of revisions required.PracticePractice is the most important part of your preparation and should be given 100% focus. Once you have completed your first revision, it’s time to take mock test. mock test helps a lot in preparing you for exam day and also highlight your weak areas.Group StudyForming a study group helps in discussing queries and getting a better understanding of the subject. If you have friends taking CMA FOUNDATION exam, then you can form a study group with them or else you join an online forum for forming a discussion Group.Exam DayYou should be completely relaxed and rested for the final exam day. Now, when it comes to the exam hall most would get nervous and do certain things which might get you in trouble, like checking the answers with others, trying to copy, etc. Do not do those things, because it will cost you your future and the most important thing- Please take all the required stationary. 

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