The CMA June examination merged with the CMA exam December 2021 session. Now Examination – ICMAI has announced an opt-out option for the CMA foundation, intermediate and final level students. Also, candidates registered on December 2021 for January 2022 get an opt-out facility. The CMA foundation exam for December 2021 will be online. The foundation exam will be conducted in the MCQ model online. If the students go for the opt-out option, then how model question papers help keep at the same pace for the next attempt is the subject of this blog.
The model question paper is the first thing to understand the fundamental knowledge of the student. The intermediate students and final level students need to devote more time after applying for the opt-out option. The suggestion of ICAI, if the location of the examination centre is subject to change at the last minute, he or she should not be considered for the opt-out option. But, the court directed the institute to give the opt-out option for covid-19 issues and location-related issues also. The institute is also particular about avoiding crowds during the CMA examination. If the students appear on the right term, it helps to control the crowd during the direct examination.
General knowledge is essential for CMA theory subjects:
Economics subject is a vast subject. In the case of objective type of questions, the answers are not direct. So, general knowledge is essential to get more marks. For instance, in the CMA foundation, the question paper pattern educates about time management. Price leadership is a term in economics that conveys the different types of market competition. Here mergers of several companies are to provide quality service and catch the market. JIO telecommunications competitively provided reduced prices, and all the other companies also followed the price mechanism to understand the market structure. This price mechanism is called perfect competition. In the case of fundamentals of laws and ethics, general knowledge of the subject help to remember the answer. The difference between an advertisement for sale and a proposal is that a proposal becomes a promise. As soon as the party to whom the proposal is made accept, it turns as a promise. But an advertisement does not end in a sale. To understand the above statement it is essential to know about the usage of marketing advertisement, and the value of proposal writing in businesses. The proposal terms consist of the price, payment schedule and break up of price etc. Before writing the 12th standard, if the student used the opt-out option, he or she can use the extra time to enhance general knowledge for scoring more marks.
The practice of model paper is helpful for practical subjects:
In the practical subjects, students learn about accounts, cost accounting, business maths and statistics. For practical problems also the theory part is the starting point. Practice the model papers without seeing the answers. This model helps memorize the basic concepts. CMA foundation 2019 question paper model consist of an objective and subjective type of questions. But, CMA 2021 foundation question paper consists of objective types of questions. Students need to think about this change and prepare accordingly. Working out objective type questions from 2019, 2021, and 2021 question papers are beneficial. The objective type questions help for completing the syllabus fully and preparing for the next attempt. In the case of practical subjects, a step mark is the option to get more marks. Objective type of question gives mark to accuracy only. So, preparation is essential to answer the objective type of questions for the practical subjects. The four subjects at the CMA are the Fundamentals of economics and management, fundamentals of accounting, fundamentals of laws and ethics, and fundamentals of business and mathematics and statistics. The syllabus belongs to the 2016 year. The mock test papers of June 2020 and December 2021 have already been published in the portal.
Will the Opt-out option increase the difficulty level of the question paper?
ICMAI provides an opt-out facility for the 2021 examination. The number of vacancies and number of professionals passed out statistics impact the difficulty level of the question paper. So, if the number of professionals required for the job market is high, the ICAI reduces the difficulty level and release more professionals. Anyways, the campus interview is for the top-level students and those who have taken the exams seriously. So, students must make use of their free time and use the model papers to refresh their knowledge.
Final words:
The OPT-OUT window for December 2021 term enabled, and the CMA foundation students have the basic foundation to understand the four subjects. By practising the model papers, the students get intense knowledge of the subjects. The RR Academy coaching classes go for four months or six months that provide personalized care to bring out the best in the students.