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CMA Exam News and Updates

CMA Mobile App Update for the 2020 CMA Exams Now Available

HOCK is pleased to announce that the HOCK CMA App by Appitur® has been updated for the 2020 CMA exams. All HOCK students who have the CMA Parts 1 or 2 Complete or Review materials can access the updated App by logging in inside the App with their HOCK My Studies email and password.

Learn more about the HOCK CMA App and if you have any questions about the materials or the exams, please do not hesitate to contact us and we will be glad to help.

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26 New CMA Practice Essays Added (November 2019)

The CMA Practice Essays have been updated with 15 new essays for Part 1 and 11 new essays for Part 2. These essays were all previous exam questions that have been retired and distributed directly from the ICMA.

The new essay questions are available in My Studies for current students who have the CMA Review or CMA Complete materials. Access the essays in CMA ExamSuccess Online using the Essay Session link under each Section.

If you don’t have CMA materials yet, you can learn more about the HOCK CMA Exam Prep including our exclusive “You Pass Or We Pay” Guarantee, and start studying today.

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Does HOCK’s question bank have enough MCQs to prepare you for the CMA exam?

Yes, the HOCK question bank will prepare you to pass the CMA exams. To answer this question more fully, and help you feel confident in this answer, we need to look not only at the quantity of questions, but also the quality of questions.

HOCK, Gleim, Wiley, and other providers are all provided with the same retired exam questions from the ICMA, the governing body of the CMA exam. This means that all providers start with mostly the same base of questions in their question banks. Any variations in question counts between providers can be attributed to:

  1. Outdated questions. We have been told that some other providers have questions that are no longer relevant, contain outdated accounting information, or refer to outdated technology (such as floppy disks). We work very hard to actively remove questions that are no longer relevant and waste your time.
  2. Duplicate questions. Similarly, some question banks have a lot of duplicate or similar questions. Taking a question and doubling all of the numbers in it does make a new question, but that new question is not beneficial to your exam preparation. We remove any duplicate or similar questions that we find during our regular review of the questions, and do not leave them in just to inflate our question count.
  3. Questions providers write. We work hard to write relevant and challenging questions for our question bank if there are any gaps in the coverage of the questions received from the ICMA. Questions that are too easy or excessively cover one topic do not add value to you, even though they make the question count higher.

How important are incorrect answer explanations when evaluating the quality of a question database?

Incorrect answer explanations are very important to efficiently learning the material. While preparing for the exam, you will get some of the practice questions wrong. When this happens, you can turn that incorrect answer into a learning opportunity by understanding why you got a question incorrect, for example, what mistake you made, what formula you used incorrectly, or what theory you applied. This can save you from making the same mistake again later.

HOCK is only one of two CMA providers that we are aware of who provide incorrect answer explanations for all questions in the question bank. We encourage you to look at the details in the answer explanations when evaluating a provider’s question database.

The best way that we can express the confidence in the quality of our question bank is that it is part of the HOCK CMA Complete Package with “You Pass Or We Pay” Guarantee. If we did not have enough MCQs or detailed answer explanations, we could not offer this valuable guarantee unique to HOCK.

We look forward to helping you pass your CMA exams. If you have any questions about the HOCK materials, question bank, or exam processes, we will be glad to help.

Brian Hock, CMA, CIA

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CMA Study Plan for the 2020 CMA Exams Now Available

HOCK is pleased to announce that the CMA Study Plans for the 2020 CMA exams are now available on our CMA Study Plans page. The PassMap for each Part has also been updated in My Studies.

An important reminder: Students studying for the September/October 2019 testing window should continue to use the old/existing study plan and materials to prepare for their exams. Only students studying to take the exams in 2020 should use the new materials.

If you don’t have your HOCK CMA materials yet, you can learn more about the HOCK CMA Exam Prep including our exclusive “You Pass Or We Pay” Guarantee, and start studying today.

As always, if you have any questions about the materials or the exams, please do not hesitate to contact us.

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PassMap for CMA Part 1 Section F (2020) Now Available

Note: This announcement applies only for CMA Part 1 candidates taking the exam in 2020, and not to candidates taking the exams through October 31st, 2019.

The CMA Part 1 Section F PassMap is available in My Studies for HOCK students who have the CMA Review or CMA Complete materials. We continue to welcome your feedback about the PassMap, whether positive or negative, so that we can be sure that we are providing the most useful study tools.

If you don’t have your HOCK CMA materials yet, you can learn more about the HOCK CMA Exam Prep including our exclusive “You Pass Or We Pay” Guarantee, and start studying today.

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PassMap for CMA Part 2 Now Available

A few months ago, HOCK introduced our interactive study planner called the PassMap that combines the study plans with a personalized schedule in an online dashboard, allowing you to easily track and see your progress through the materials, including a progress bar and countdown to your exam date. If you fall behind or change your expected exam date, you can easily adjust your schedule with a few clicks.

Now, the CMA Part 2 PassMap is available in My Studies for HOCK students who have the CMA Review or CMA Complete materials. We continue to welcome your feedback about the PassMap, whether positive or negative, so that we can be sure that we are providing the most useful study tools.

If you don’t have your HOCK CMA materials yet, you can learn more about the HOCK CMA Exam Prep including our exclusive “You Pass Or We Pay” Guarantee, and start studying today.

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2020 CMA Exam Materials Update – Part 2 Sections C-F

HOCK is pleased to announce that the Part 2 Volume 2 Textbook (Sections C-F) for the 2020 CMA exams is now available. The questions and videos for Sections C through E are also ready for 2020. Questions and videos for Section F are still in development and will be available in the coming weeks. All HOCK students who have the materials for the current exam syllabus have access to the 2020 materials at no additional charge.

An important reminder: students studying for exams through October 31, 2019 should continue to use the old/existing materials to prepare for their exams. Only students studying to take the exams in 2020 should use the new materials. More information about the 2020 CMA exam changes is available here.

Topics added/changed in CMA Part 2 Sections C-F (Textbook Volume 2) for 2020:

  • Section C: Qualitative Factors in Decision Analysis (pages 117-118).
  • Section F: The entire Ethics Section was re-written for the 2020 exam syllabus (pages 235-283).

Topics deleted in CMA Part 2 Sections C-F (Textbook Volume 2) for 2020:

  • Section E: Accounting Rate of Return.

Please watch our web site or social media pages for further announcements regarding future materials updates for the 2020 CMA exams.

As always, if you have any questions about the materials or the exams, please do not hesitate to contact us.

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2020 CMA Part 1 New Topic: Integrated Reporting (Section A)

Integrated reporting is one of the new topics on the syllabus of the CMA Part 1 Exam beginning in January 2020. The focus of integrated reporting is reporting more about the company than just the financial statements.

One way of looking at integrated reporting is that it is similar to companies applying the balanced scorecard approach to themselves. In the evaluation of employees, a balanced scorecard approach is when the evaluation consists of more than just the evaluation of the work of the person compared to the financial budget. While there are managers who are able to achieve short-term results, sometimes the way that they act towards their colleagues, customers, and suppliers means that the success does not carry into the long-term. The four traditional perspectives that are assessed under a balanced scorecard evaluation are: learning and growth, business processes, customers, and financial performance.

For companies, the financial statements provide only a limited picture of the health of the company based on what information is required to be reported. Integrated reporting is the process of companies reporting more than just their financial results, but also their impact on stakeholders, the environment, and anyone who comes into contact with the business. The primary purpose of integrated reporting is to explain not just how the company has created value in the past, but how it will continue to create value in the future.

If you are studying for the CMA exams in 2020, you will learn about Integrated Reporting in Part 1, Section A. Whether you are studying for CMA or not, you can learn more about Integrated Reporting here: https://integratedreporting.org/

Integrated reporting is a topic that will continue to become more important and is something that accountants will be working with increasingly in the future. Whether or not you need to study integrated reporting for the 2020 CMA exams, I encourage you to learn more about it, and if you have any experiences with integrated reporting already, you are welcome to share those experiences in the comments.

Brian Hock, CMA, CIA

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2020 CMA Exam Materials Update – Part 1 Sections D-F

HOCK is pleased to announce that the Part 1 Volume 2 Textbook (Sections D-F) for the 2020 CMA exams is now available. The questions and videos for Sections D and E are also ready for 2020. Questions and videos for Section F are still in development and will be available in the coming weeks. All HOCK students who have the materials for the current exam syllabus have access to the 2020 materials at no additional charge.

An important reminder: students studying for exams through October 31, 2019 should continue to use the old/existing materials to prepare for their exams. Only students studying to take the exams in 2020 should use the new materials. More information about the 2020 CMA exam changes is available here.

Topics added/changed in CMA Part 1 Sections D-F (Textbook Volume 2) for 2020:

  • Section D: Expanded discussion of Lean Resource Management (pages 112-116).
  • Section E: More details added to the steps of software development (pages 227-231).
  • Section F: New Section for 2020 covering Technology and Analytics (pages 244-370).

Topics deleted in CMA Part 1 Sections D-F (Textbook Volume 2) for 2020:

  • Section E: Internal Auditing.

Please watch our web site or social media pages for further announcements regarding the rest of the materials updates for the 2020 CMA exams.

As always, if you have any questions about the materials or the exams, please do not hesitate to contact us.

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2020 CMA Exam Materials Update – Part 1 Sections A-C and Part 2 Sections A-B

HOCK is pleased to announce that the first Sections (Textbook Volume 1) for both Parts of the 2020 CMA exams are available. All HOCK students who have the materials for the current exam syllabus have access to the 2020 materials at no additional charge.

An important reminder: students studying for exams through October 31, 2019 should continue to use the old/existing materials to prepare for their exams. Only students studying to take the exams in 2020 should use the new materials. More information about the 2020 CMA exam changes is available here.

Topics added/changed in CMA Part 1 Sections A-C (Textbook Volume 1) for 2020:

  • Section A: Added Integrated Reporting (pages 41-53).
  • Section A: Terminology change of uncollectible accounts to credit losses (pages 59-70).
  • Section A: Added depreciation for tax purposes (pages 110-111).
  • Section A: Updated leases for new accounting standards (pages 131-135).

Topics deleted in CMA Part 1 Sections A-C (Textbook Volume 1) for 2020:

  • Section A: Deleted off-balance sheet financing.
  • Section B: Deleted best practices for budgeting.

Topics deleted in CMA Part 2 Section A-B (Textbook Volume 1) for 2020:

  • Section A: Deleted EBITDA ratios.
  • Section A: Deleted off-balance sheet financing.
  • Section B: Deleted bankruptcy.
  • Section B: Deleted tax implications of transfer pricing.

Materials for the remaining Sections of the new 2020 CMA exam syllabus will be released as they are completed in the coming weeks. Please watch our web site or social media pages for further announcements.

As always, if you have any questions about the materials or the exams, please do not hesitate to contact us.

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