In the year 2016, ICMAI introduced a syllabus. The old syllabus of CMA belongs to the old law and business processes. CMA’s new syllabus will come into practice in 2023. CMA’s old syllabus is about to come to an end. The students enrolled in the old syllabus complete the CMA course between June and December 2023. There is an urge to complete the examination within a given period. A blog is here to engage the readers with an insight into the CMA classes in RR Academy. The CMA classes provide old question papers, study materials, and trained faculties. From the students, RR Academy got that the question paper of the CMA old syllabus was easy. The expected question paper for the two terms of the CMA old syllabus is expected as an easy one. The blog talks about the old CMA syllabus and examination.
A comparison of the CMA old versus the new syllabus:
The new syllabus has a different sequence. Here the theory subject business laws and business communication is the first subject. Instead of ethics, business communication is added to the CMA course. Business ethics and business communication help to understand the commercial environment of the students. The fundamental of accounting is the second subject in the foundation. In the new syllabus, in the place of the same subject, students learn the fundamental of financial and cost accounting. In the new syllabus, the third paper is business mathematics and statics. In the old syllabus, the same subject is the fourth paper. Fundamentals of economics and management are the first paper in the old syllabus. This subject is the fourth subject in the new syllabus.
In the old syllabus, students learn direct taxation and indirect taxation as two different subjects. In the new syllabus, students learn about direct and indirect taxation, as one subject in group one of the intermediate level. The new subject added to the intermediate level is financial management and business data analytics. Cost and management accounting and financial management subject in the old syllabus is same as the financial management and data analytics.
In the final level, students learn an elective subject, instead of strategic performance management and business valuation. Strategic performance management and business valuation, risk management in banking and insurance, and entrepreneurship and start-up are the three elective subjects added. The electives help for understanding the advanced-level subject with intense knowledge. There is a change in the sequence. There is an introduction to new subjects.
Advantages of clearing the CMA old syllabus:
• Business ethics is a subject that has professional laws. This subject educates professionals about the risk associated with the profession. This subject is worth reading. Business communication helps the students to understand the different types of business communication. Professional ethics and business communication are interesting theory papers.
• In the old syllabus, students learn direct taxation and indirect taxation as two different subjects. In the old syllabus, the coverage is high as they learn these subjects separately.
• ICMAI had added Data analytics as the new subject. This new subject is not there in the old syllabus. Data analysis course is included in the computer and MBA courses. Students wanting to learn data analysis can avail these opportunities and learn this new subject.
• Strategic performance management and business valuation subjects educate about performance and organisational goals. Reading this subject with in-depth understanding helps in planning the operations effectively. In the new pattern, this subject is added as the elective subject.
Challenges with learning the CMA new syllabus:
• The students find the challenges are with the new subjects. Data analytics, risk management in banking and insurance and entrepreneurship are the new subjects. These subjects educate business knowledge to the students.
• There is a change in the sequence of the subjects. This change is to give equal importance to theory and practical subjects.
How does RR Academy help the students from the old CMA syllabus?
• RR Academy faculties have the question paper of the old syllabus. This question paper reveals the pattern and important topics.
• Fundamentals of economics and management, fundamentals of accounting, fundamentals of laws and ethics, and fundamentals of business mathematics and statistics are the four subjects in the CMA course. The old revision test papers help for the CMA examination with high marks.
• Financial accounting, laws and ethics, direct taxation, cost accounting, operations management and strategic management, cost and management accounting and financial management, indirect taxation and company accounts and audit are the subjects at the intermediate level.
• Corporate laws and compliance, strategic financial management, strategic cost management, direct tax laws and international taxation, corporate financial reporting, indirect tax laws and practice, cost and management audit, and strategic performance management and business valuation are the subjects at the final level.
• The study material explains the amendments with examples. This explanation gives clarity to the students.
• The faculties have a record for producing successful students. The students from the old syllabus have proved their efficiency with high marks. So, trained faculties help in securing high marks.
• The revision test and model tests are conducted separately for the old students. These tests improve the performance of the students. As they are writing in the last batch, the question paper is also easy to clear.
Conclusion:
The new syllabus trains students with global challenges. The old syllabus is easy to clear. Students coming out of the old syllabus have short-term courses to bridge the gap in the syllabus. After joining the job, students learn the subject with short or long-term courses. Students do global certifications to make them eligible for top management jobs. Anyway, learning is a continuous process in the accounting profession.
