CMA Exam
HOCK Transforms CMA & CIA Study Materials with Revolutionary Subscription Model
We are excited to share that HOCK is taking a revolutionary step in CMA and CIA exam preparation by transitioning all of our CMA and CIA study materials to a subscription! The subscription model offers an affordable and flexible approach to helping more candidates worldwide pass the CMA and CIA exams.
Subscription Model & Price
All HOCK CMA and CIA Exam Reviews are now accessible through 1, 3, or 6-month subscriptions. Depending on the subscription length, prices range from $42 to $59 per month after our current 40% discount.
Every subscription starts with a 7-day free trial, allowing you to experience our comprehensive materials, learning platform, and personal study plan for yourself. Once your subscription starts, you can cancel your subscription anytime. If you need to just take a break, your progress is saved and will be there when you resume your subscription.
Why Choose the Subscription Model
Subscriptions allow you to get what you need for exactly how long you need it. Why overspend for unlimited access when you only need it for a few months? With HOCK's subscription model, you get:
- No big upfront payments
- Access to ALL materials and premium features
- Payment flexibility—only pay while you’re studying
- Freedom to cancel and resume subscriptions at your convenience
With a HOCK subscription, you leverage world-class study materials at an affordable monthly cost, enhancing focus and efficiency in your study process and saving time and money.
Materials Included
The subscriptions include:
- Materials for all exam Parts (CMA or CIA)
- Online textbooks with highlighting and annotation
- Videos by Brian Hock
- Test banks with detailed answer explanations
- Mock exams with unique questions not used elsewhere in the materials
- PassMap™ that guides you through the exam syllabus, one topic at a time
- Personalized Study Planner to keep you on track for your exam date
A Leap into the Future
At HOCK, we believe in staying ahead of the curve and providing the best for our students. This move to a subscription model underlines our commitment to offering quality, accessibility, and affordability in learning.
Special Note for Existing HOCK students
For those who have purchased HOCK CMA or CIA study materials prior to this switch, everything will stay the same! You will continue to have uninterrupted access to your materials without any set expiration.
Happy Studying!
The HOCK Team
How to Prepare for CMA Exam Essays
If you are preparing for the CMA (Certified Management Accountant) exam, you may have some concerns about the essay section. This concern is understandable and common among candidates. In fact, it’s a topic I’ve written and spoken about before, and it’s worth revisiting.
The Good News: Unifying Your Study Efforts
A common misconception is that preparing for the Multiple-Choice Questions (MCQs) and preparing for the essays are two separate undertakings. The reality, however, is that the content tested in the essays is the same as that in the MCQs. What this means is when you are preparing for the MCQs, you are also preparing for the essays.
The Common Thread Between MCQs and Essays
Consider this: you might get a capital budgeting question in the MCQ section, and you could also get a similar question as an essay. The same goes for questions about ratios or any other topic.
For example, let’s say you’re asked to calculate the debt-equity ratio in an MCQ. You’ll carry out the necessary calculations, arrive at a number, and then choose the best answer from the options given (A, B, C, or D). Now, if you have a similar question in the essay section asking you to calculate the debt-equity ratio, you would perform the exact same calculation. The only difference is that you don’t have to match your answer with multiple-choice options.
Prepping the Right Way
Many essays are set up as a series of questions based on a given fact pattern, essentially resembling a set of MCQs without the multiple-choice aspect. The skill set you need to answer both MCQs and essay questions is the same, so as you go through your textbooks, watch videos, and tackle practice questions, remember that you are preparing for both types of questions simultaneously.
Additional Steps for Essays
While the core content and skills remain the same, there is one aspect where you might need to do a bit of extra work for the essay section. It would be beneficial to go through past essays released by the IMA (Institute of Management Accountants) to become familiar with how questions are framed and what different types of requirements might appear. This will help you understand the types of questions that you are likely to encounter on the actual exam.
The syllabus tested is the same regardless of the format of the question. So, the key takeaway here is that as you’re preparing for the exam, you’re automatically preparing for all its components. There is no need to fragment your efforts; a well-rounded study plan will equip you for success in every part of the CMA exam. Happy studying!
Mastering the Pace of Multiple-Choice Questions
If you’ve begun your journey preparing for exams, chances are you have faced the difficulty of time management, especially when tackling Multiple-Choice Questions (MCQs). Many candidates find it challenging to complete MCQs within the time given for the exam. If you’re one of them, don’t worry—you’re not alone. In this blog post, I will share some ideas on how to efficiently handle MCQs and be ready to complete your exam in the time you have.
Don’t Worry about the Timer – At First
When you initially start studying and practicing MCQs, you may notice that it takes you longer to answer each question than the time you have during the exam. This realization often leads to stress, but it’s important to remember that it’s completely natural at this stage. The first part of your study journey is not about speed; it’s about understanding the content.
Learning vs. Exam-taking
There’s a crucial difference between learning the content phase and the exam phase of your studies. When you’re in the learning phase, it’s naturally going to take you longer to answer MCQs. You’re still getting familiar with the material, figuring out the formulas, and understanding how to interpret the information presented in the questions. Therefore, your initial focus should be solely on comprehending the content, understanding why a particular answer is correct, and why another choice is incorrect.
Speed Comes with Practice
As you attempt more MCQs, you’ll find that you become faster answering them. You’ll start recognizing how questions are framed and learn to sift through the information more efficiently, understanding what’s relevant and what’s not. Your speed will naturally increase as you grow more familiar with the content and question patterns.
Timing Matters, But Later On
As you approach the end of your study schedule and enter the final review stage and start taking mock exams, that’s when you need to be conscious of time. By this point, you should be more comfortable with the subject matter, allowing you to answer questions more quickly. Some MCQs will still take longer to answer, while others will take less time, but that’s perfectly okay. The key is to be ready to answer each question as efficiently as possible.
Focus on Learning First, Speed Will Follow
If you’re at the beginning of your study journey and are anxious about the time it’s taking you to answer the MCQs, take a deep breath and relax. Don’t worry about speed initially; concentrate on learning and understanding the material. As you practice and get deeper into your study material, you’ll naturally become quicker at answering MCQs. In the end, it’s not just about being fast; it’s about being accurate and knowledgeable, and speed will come as a by-product of that understanding.
Happy studying!
The Power of Starting – Maximizing the Impact of Each Study Session
Today, I want to talk about a critical element that could determine the success of your study sessions. If you’re like most people, you probably don’t jump for joy at the thought of opening a textbook. Studying often competes with other activities that are much more appealing. So, what’s the one essential thing that you need to do to make your study session effective? The answer is simple but powerful: just start.
The Hardest Part Is Starting
Believe it or not, the most crucial action in any study session is beginning. Whether it’s a Monday morning or a Tuesday evening, just starting to study is half the battle. The temptation to procrastinate or do something more enjoyable can be overwhelming. However, the key lies in overcoming inertia and just starting to study.
Reframing Your Perspective
It’s easy to get bogged down by thinking about the length of time you’ll have to dedicate to studying. You might dread a two-hour session or even a one-hour session. However, don’t focus on the length of the study session; instead, concentrate on the first minute. Once you’ve conquered that first minute, you’ll find that the remaining time passes much more quickly than anticipated.
Why Starting Is So Important
This principle of starting doesn’t apply only to study sessions; it’s universally applicable to any long-term project or task. The first step may not be glamorous or exciting, but it’s absolutely necessary. You will never get to the end of your goal without taking the first step and once you’re in motion, it’s easier to stay in motion.
The Psychological Boost
Interestingly, once you begin a study session, you often find that it’s not as dreadful as you’d imagined. Your focus sharpens, your energy increases, and before you know it, you’re in a study “zone.” You may even find that you’re enjoying the learning process and the time you’ve allocated for studying goes by quickly.
So, the next time you have a study session planned, and you’re not particularly excited about it, remember that the most crucial part is to start. That simple action of sitting down and opening your book or turning on your computer sets the stage for a successful learning experience. No matter how long your study session is supposed to be, the most important minute is the first one. Make it count, and you’ll find that the rest of the session will unfold more smoothly than you’d think.
Happy studying!
The Bright Future of Women in Accounting
Today, HOCK would like to recognize and celebrate the achievements of female accountants and honor their tireless work in shaping the future of the accounting industry. Accounting has long been a male-dominated field, but that is changing rapidly. The number of women in accounting has been growing, and the trend is expected to continue. Let us look at the trends and predictions for the future of women in accounting.
Increasing Numbers of Women in Accounting
The number of women entering the accounting profession has been steadily increasing in recent years. According to the American Institute of Certified Public Accountants (AICPA), women now represent more than 50% of all accounting graduates in the United States, and other countries report similar growth in the number of women in the profession.
More Women in Leadership Positions
As more women enter the accounting profession, they are also climbing the ranks and taking on leadership positions. According to the AICPA, women now represent nearly 30% of all partners in accounting firms. This is a significant increase from just a decade ago when women made up only about 16% of partners. We can expect to see more women in executive roles such as CEO, CFO, and COO; these roles have typically been held by men, but as more women gain experience and rise through the ranks, we will see more women in these roles too.
The Importance of Diversity and Inclusion
Diversity and inclusion have become increasingly important in the business world, and the accounting profession is no exception. Accounting firms are realizing the value of having a diverse workforce and are actively seeking out women and other underrepresented groups to join their teams. This is not just for the sake of diversity but also because a diverse workforce brings different perspectives, which can lead to better decision-making and improved performance.
Greater Flexibility in the Workplace and Focus on Work-Life Balance
Many women are balancing demanding careers with family responsibilities, and accounting firms are recognizing the need for more flexible work arrangements. This could include options such as part-time work, telecommuting, and job-sharing. Accounting firms are recognizing that in order to attract and retain top talent, they need to create a work environment that is supportive of employees’ personal lives as well as their careers.
The Bright Future
We can expect to see increasing numbers of women entering the profession, more women in leadership positions, and a greater focus on diversity, inclusion, flexibility, and work-life balance. These trends are great news for the profession as a whole because a more diverse and inclusive workforce leads to better decision-making and improved performance.
Happy International Women’s Day!
To all the incredible female accountants out there: thank you for your hard work, your dedication, and your unwavering commitment to excellence. You are an inspiration to us all, and we are grateful for everything you do. Happy International Women’s Day!
Realistic Study Time for the CMA Exam
How long should I study?
A common question we get is, “How long should I study for each Part of the CMA exam?” Unfortunately, there is no one answer that is the same for everyone. Each candidate comes with a different background, education, and work experience, and all of those factors influence how much time each person needs to study to be ready to pass their CMA exams.
Calculating the minimum
There are still some minimums that we can use to determine what that target number of hours should be. We will base this on the reality of the study process, not just a number that sounds good or a number that we think students want to hear. This process is what we do when we create our time estimates for studying for the exam. For example, every MCQ you do requires some amount of time. For MCQs and other things, let us assume that you need:
- Three minutes to read an MCQ, to answer it, and to look at your answer to understand why you got it correct or incorrect.
- One minute to watch one minute of video. (It may actually be a little more than that – you rewind something, you listen to something again, but we will say one minute to watch one minute of video.)
- Four minutes for every page of the textbook that you read. In addition to just reading it, you may need to think about it or reference something else. But, for our purposes here, we will say four minutes per page.
- Thirty minutes for every essay you solve.
Now, with those times in mind, let us calculate how long it will take you to study for one Part if you have the following study materials:
- 2,000 MCQs
- 30 hours of videos
- 40 essays
- 300 pages of textbook
Doing the math
We can now calculate how long it will take to prepare as follows:
- 2,000 MCQs at three minutes each will be 6,000 minutes or 100 hours
- 30 hours of videos will take you 30 hours
- 40 essays at 30 minutes each will be another 1,200 minutes or another 20 hours
- 300 pages of a textbook at four minutes per page will be 1,200 minutes or 20 hours
In total, this brings us to 170 hours to do those MCQs, read the textbook, watch the videos, and do those essays. This 170 hours does not include a mock exam, let alone two mock exams. Also, you haven’t reviewed anything, and you have not done any of the MCQs a second time. So, if we add in doing some of the MCQs a second time, two mock exams, and a final review, we are getting to about 200 hours per Part.
Additional study materials
If you decide to add any additional study materials to your study plan, that is going to add more time. If you get a second test bank and solve 1,000 more MCQs, that will add 50 hours to your study time. If you watch additional videos, that is going to add time as well. Everything you add to what you study is going to add time to the amount of time it takes you to prepare.
This does not mean that you shouldn’t add additional items; you should if you need them. But, as you add additional questions or videos or textbooks, you need to make certain that those additional study materials are adding value to you. This means that you need to make certain that those additional study materials will increase your chances of passing your exam. Doing more questions just to say that you did more questions is not going to help you pass your exam. This is why we rarely recommend that a candidate needs a second test bank. A second test bank adds a lot of time to your studies, but it doesn’t really add very much value.
Total study time for the CMA exam
Having gone through all of this, we can come back to the question we started with, “How long do you need to study for your CMA exam?” We have seen the numbers, and we have done the math. To be realistic, you should start with at least 180 hours as a minimum in your mind. Your actual number may prove to be a little bit more or a little bit less based on your background, education, and experience, but 180 hours is a very good starting point based on the reality of how long it takes you to study what you plan to study.
If someone tells you that you only need 100 hours (some providers even suggest you need only 70 hours per Part), you need to ask yourself what it is that they’re expecting you to do as Part of your studies. And more importantly, is what they are suggesting that you do in 100 hours going to be enough to prepare me for the exam? One hundred hours is just enough time to do 2,000 MCQs – and nothing else. Is doing only 2,000 MCQs going to prepare you to pass your exam?
The key is that you prepare as many hours as you need to pass your exam. The amount of time your friend or colleague needs may not be the same as what you need. 180 hours is a good, realistic starting point for your planning. However, as you study, you need to be ready to adjust this so that you study the number of hours that you need to pass your exam.
Next Steps
If you haven’t started your CMA exam preparation yet:
Start with the free CMA exam trial. The trial lasts for 14 days and includes all HOCK study materials for CMA Part 1 Section A and CMA Part 2 Section E. That is an excellent way to familiarize yourself with the exam topics, practice MCQs, and see if your learning style matches with HOCK.
If you are looking for additional study materials:
As mentioned above, reading another textbook or practicing more MCQs will add a lot of time to your study process but not necessarily add value. Instead, check out HOCK stream. HOCK stream is a subscription-based video platform with CMA videos in various formats. You can choose the most challenging topics for you, watch step-by-step explanations, and join CMA experts for office hours. The subscription starts with a one-week free trial.
If you are ready for the exam and want to check your knowledge:
Take free CMA Mock exams to practice! It will help you practice your time management, build stamina (CMA exam is a four-hour exam without any breaks), and help you identify topics that you need to review before the actual exam.
HOCK stream – now with a mobile App
The HOCK Stream Mobile App is here!
We are happy to announce that HOCK stream subscribers can now watch and download CMA videos via the mobile App available for iOS and Android.
You can now watch videos offline and study on the go!
- Download HOCK stream App for iOS
- Download HOCK stream App for Android
What is HOCK stream?
HOCK stream is a library of live and on-demand video courses that help you prepare for the CMA (Certified Management Accountant) exams. The library includes:
- Short Courses
- Step By Step Courses
- Crash Courses
- Essay and MCQ Explanations
- Study Tips
Additionally, HOCK stream includes:
- Live Office Hours
- Community Forum
How much does a HOCK stream subscription cost?
You get a one-week free trial, and after the trial the cost is only $29 per month. You can cancel your subscription any time.
See you in HOCK stream!
We want to make sure that you understand each CMA exam topic and can answer every question on your exam. Sign up for HOCK stream for only $29 per month and prepare for the CMA exams on desktop, mobile, or tablet!
Have more questions? Read HOCK stream FAQs here.
HOCK stream – CMA video subscription platform
What is HOCK stream?
We are thrilled to introduce a revolutionary CMA exam study tool – HOCK stream! HOCK stream is a subscription-based CMA video platform that includes all of the CMA Video content that HOCK has created. This includes the CMA teaching Videos by Brian Hock, the Step By Step Courses and Short Courses taught by Mr. Kazim, MCQ and essay videos, and more. HOCK stream also includes Live office hours with our CMA experts and an engaging learning community to connect with other CMA candidates.
How much does HOCK stream cost?
You get a one-week free trial, and after the trial, the cost is $29 per month. Of course, you can cancel your subscription at any time.
Is HOCK stream enough to prepare for the CMA exam?
HOCK stream is an excellent study tool and supplement for all CMA exam candidates. However, to fully prepare for the exams, you need at least a Test Bank with MCQs and Essays. A Textbook would be helpful for most candidates as well.
Who is HOCK stream for?
HOCK stream is intended for all CMA candidates who are looking for a way to improve their understanding of the exam topics and increase their chances of passing their exams. In other words, all CMA candidates will benefit from their HOCK stream subscription.
You can have materials from any provider and HOCK stream will be an excellent addition to your study materials. HOCK stream also provides you with more than one video style and structure so that you can find exactly what you need for each topic.
- Maybe you are just starting your CMA journey and want to ensure that you have the best tools and expert support available to you and the learning community. In this case, you will be looking for the Step-by-Step Videos.
- Maybe you failed your exams, and you are looking for additional content for just a couple of months while you prepare for your next attempt. In this case, you may be looking for the Short Courses, and some of the CMA with Brian Hock Videos as well. And you may need to subscribe for only a month or two.
- Or maybe as you are getting closer to your exam date, and there are still a few topics that you are not comfortable with. The short courses and MCQ videos will be very helpful for you, and again, you may be looking for only a month or two of access.
Every CMA exam candidate will find HOCK stream useful and it will add to the confidence that you need to pass the exams. Depending on where you are in your CMA journey, you can subscribe for just a month or for as long as you need to.
What Videos are included in HOCK stream?
There are four different groups, or libraries, of videos that are available on HOCK stream:
- HOCK CMA Classroom Videos (also called CMA with Brian) – there are about 32 hours for Part 1 and 30 hours for Part 2. These are the videos that are part of our You Pass or We Pay Guarantee and cover the entire LOS.
- Short Courses – each of these Videos looks in depth at a specific topic and includes both teaching concepts and solving some MCQs. There are currently 27 Videos for Part 1 and 20 for Part 2. Each video is about 2 hours long and taught by Mr. Kazim Nazeer.
- New Step-By-Step courses that Mr. Kazim is posting on a weekly basis. These courses are our most detailed coverage of the syllabus and include both teaching and MCQs solved by Mr. Kazim Nazeer. The full set of videos for Parts 1 and 2 are scheduled to be completed by the end of May 2023, so you will have access to them before the end of the June exam window.
- Solving Essays and MCQs videos. Although we believe that the most important part of preparing for the exams is understanding concepts, it is also helpful to see the process of solving MCQs and Essays. These short, practical sessions are recorded by Brian Hock and Mr. Kazim and demonstrate solving the more challenging questions and essays.
Why a subscription and not a one-time purchase?
Think Netflix, Spotify, Adobe Acrobat, and other subscription-based platforms. Why do you need unlimited access and ownership of something that you only need for a short period of time? Why buy a movie on DVD if you are only going to watch it once? Subscription is the way for you to get what you want, for as long as you want, at a very affordable price.
As a stand-alone, one-time purchase, CMA with Brian costs $649, and Short Courses would be about $1,100 total, and Step By Step Courses about $1,000. This is a total of almost $2,800! And all of that content is available to you for only $29 per month.
What are office hours?
In addition to all of the video content, HOCK stream is also hosting weekly Live Office Hours with Mr. Kazim for each Part. While each week there is a topic for that Office Hour, you can ask Mr. Kazim any questions you have about that Part of the exam. And if you have a lot of questions or very detailed questions, Mr. Kazim may connect with you outside of Office Hours to answer them.
What is the Learning Community?
The Learning Community is a virtual community where CMA candidates from around the world are able to share study tips, find accountability partners, and motivate each other to the exam date. HOCK experts will also be a part of the community to answer questions and provide support and motivation throughout your study process. With the Learning Community in HOCK stream, self-study doesn’t have to be alone anymore!
Welcome to the HOCK stream!
Before HOCK stream, your options to prepare for the CMA exams have been either self-study or joining in-person classes. However, with self-study, exam candidates often lack community, support, and motivation to keep going. In-person classes require you to follow their schedule at their place and may provide only limited-time access.
That’s why we built HOCK stream. It is a unique learning platform that offers you world-class CMA prep courses in various formats. We have been helping CMA candidates pass their exams for more than 20 years and we are excited about making this new method of studying available to you.
We invite you to prepare for the CMA exams in a practical, personal, and affordable way!
CMA Part 2 Textbook Update January 2023
The CMA Part 2 Textbook has been updated, and the new files are available for current students to download in My Studies. The significant changes are listed below including page numbers in the new January 2023 book.
Section B
- Added discussion Relationship Among Inflation, Interest Rates, and Prices of Financial Instruments, pages 136-137.
- Updated models for The Theoretical (or Intrinsic) Value of a Share of Stock, pages 163-166.
- Added Benefits and Disadvantages of Leasing, page 195.
- Added Cash Flow Forecasting, pages 208-209.
- Added Considerations in Selecting Marketable Security Investments, pages 218-219.
- Added Two-Stage Forecasting for Business Valuation, page 246.
Section C
- Tax rates changed to 21% to match the current U.S. corporate tax rate.
Section E
- Tax rates changed to 21% to match the current U.S. corporate tax rate.
- Added When the NPV and the IRR Conflict, pages 167-168.
- Added NPV and IRR Compared and Contrasted, pages 170-172.
Section F
- Expanded the discussion of the SMA, pages 209-219.
- Added Corporate Social Responsibility (CSR) Reporting, page 227.
If you have any questions about these changes, please contact us and we will be glad to assist you.
You can also learn more about the HOCK CMA Textbooks and other exam prep materials if you are not already a HOCK student.
Resolution To Pass the Exam – Six Practical Tips
Many people made a resolution to pass a professional exam in 2023. There are plenty of articles on staying motivated and keeping up with your resolutions that recommend:
- Have a "Why" and keep the big picture in mind.
- Develop small habits and do a little bit every day.
- Practice self-care.
- Find an accountability partner.
Forbes also suggests Five Ways To Keep Your New Year's Resolutions Based On New Research.
All of these are excellent general recommendations, but we find that the following six steps are the most helpful for keeping your resolution of passing a professional exam:
1 - Sign up for the free trial materials
Our free trial is the best way to see if the HOCK materials are a good fit for you so that you can determine if you like the learning platform, if the textbook is clear to you, and if the videos match your learning style. You don’t have to pay anything to get started, so sign up for CMA Free Trial or CIA Free Trial right away! Don't procrastinate!
2 - Learn how to use PassMap
PassMap is your step-by-step study guide that includes the Personal Study Plan, ExamReady progress bar, study tips, and connects you to the student forum where you can get unlimited CMA and CIA support from HOCK experts. Learn more with our Free PassMap Demo Session.
3 - Choose the materials package that works best for you
The biggest difference between HOCK Standard and HOCK Complete packages is that Complete includes videos and the "You Pass Or We Pay" Guarantee. Compare the HOCK CMA Exam Packages and CIA Exam Packages.
4 - Save money
Once you choose which materials work the best for you, save 50% with our No Excuses sale! That is the best price on the market! Don't miss the deal! Buy CMA materials with 50% off or Buy CIA materials with 50% off.
5 - Set up your personal study plan
Scheduling and planning are the keys to passing a professional exam. We have designed a Personal Study Plan for CMA and CIA exam candidates that shows what to study week by week. The plan automatically adjusts based on the study units you have completed, how many units you have left to study, and how many days you have until your exam.
6 - Ask questions
As the PassMap is leading you through every topic, be sure to understand each unit fully before moving on. Follow the sequence: read textbook and watch the video(s), then practice the MCQs and essays, and use our expert teacher support. If you have any questions, see if it was already answered on the student forum, and if not, you can ask and get an answer from our experts. Check out HOCK CMA and CIA Student Forums.
Use our No Excuses 50% sale to your advantage! HOCK CMA and CIA materials are fully updated to the current syllables and come with unlimited access, unlimited updates, and unlimited teacher support.
We wish you a successful and productive year – the year you become certified!
