Updates

CMA Part 1 Updates December 2017

The CMA Part 1 Study Materials have been updated, and all of the updated materials are available for current students to download in My Studies.

Changes in this December 2017 update include:

  • Textbook: Information covering old accounting standards that are no longer tested was removed, topics were re-ordered to follow the LOS order, and some long examples were removed or shortened to focus on the core principles and concepts tested on the exam.
  • Videos: Several videos were re-recorded to reflect changes in accounting standards.
  • ExamSuccess, Essays, and Mock Exams: Questions that included previous accounting standards have been updated, and some questions were re-categorized to match the new textbook.
  • Study Plan: Where necessary, the study plan was updated to reflect the latest updates to the textbooks, questions, and videos.

None of the changes are major, and if you are currently studying Part 1, you do not need to re-study anything. If possible, you can switch to the new textbook when you reach a major new topic, but the previous book can still be used for the exams in 2018 if that is most convenient for you. If you have any questions about these changes and how they relate to your studies, 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.

CPA FAR 2018 Updates – Textbook, Questions, and Videos

The 2018 CPA exams do not have many changes from 2017, but there are a few important changes in FAR. The HOCK Textbooks and Videos have all been updated, and our partner FastForward has updated the questions in the question bank. Updates were made to reflect syllabus and accounting changes in the following FAR topics:

  1. Investment Accounting
  2. Revenue Recognition
  3. Pensions
  4. Deferred Taxes
  5. Statement of Cash Flows
  6. Business Combinations
  7. Not-for-Profit Company Disclosures

All HOCK CPA materials are ready for 2018 and are posted in My Studies for all HOCK CPA students.

ExamSuccess Online – See Percentage of Questions Answered Correctly

HOCK is pleased to announce that each Section and Topic in CMA and CIA ExamSuccess Online now shows the percentage of questions answered correctly across all of your study sessions. Tracking the percentage of questions answered correctly helps you see not only your progression through the topics, but also which areas require additional study time.

This new feature is live and includes all previously-taken sessions. Access ExamSuccess Online through My Studies and see your progress in a whole new light!

Not a HOCK student? You can also learn more about the HOCK CMA, CPA, and CIA materials and support – start studying today!

CMA Flash Cards Update October 2017; Now in PowerPoint Format

The CMA Flash Cards for Parts 1 and 2 have been updated, and are now in PowerPoint format. Using PowerPoint will make it easier to use and edit the flash cards without the additional software previously required. Students who still want an interactive flash card scheduling program can use OpenCards, but this is completely optional.

The updated PowerPoint flash cards are free for current CMA Review students and can be downloaded in My Studies.

You can also learn more about the HOCK CMA Review and other exam prep materials if you are not already a HOCK student. Start studying today!

CIA Flash Cards Update September 2017; Now in PowerPoint Format

The CIA Flash Cards for all 3 Parts have been updated, and are now in PowerPoint format. Using PowerPoint will make it easier to use and edit the flash cards without the additional software previously required. Students who still want an interactive flash card scheduling program can use OpenCards, but this is completely optional.

The updated PowerPoint flash cards are free for current CIA Review students and can be downloaded in My Studies.

You can also learn more about the HOCK CIA Review and other exam prep materials if you are not already a HOCK student. Start studying today!

CIA Study Plans Update August 2017

The Study Plans for CIA Parts 1, 2 and 3 have been revised to reflect the recent content updates in the textbooks and ExamSuccess software. The revised Study Plans also include additional general guidance before the Section by Section details for each study Unit.

HOCK students can download the latest Study Plans from My Studies, and they are also available on the CIA Study Plans page.

You can also learn more about the HOCK CIA Textbooks and other exam prep materials if you are not already a HOCK student. Start studying today!

CIA ExamSuccess Updated (August 2017)

CIA ExamSuccess has been updated to match the recent updates to the CIA textbooks. The biggest changes were in Part 3, where we streamlined the questions to match the Part 3 textbook. We also updated the topic names in all Parts to make it clearer where the questions relate to the CIA exam syllabus.

The new version of CIA ExamSuccess can be downloaded in My Studies. We recommend that all candidates studying for any Part of the exam update their software; all existing sessions and history will be preserved.

The updated questions are already live in CIA ExamSuccess Online and no update is required.

You can also learn more about the HOCK CIA Textbooks and other exam prep materials if you are not already a HOCK student. Start studying today!

CIA Part 3 Textbook Update July 2017

The CIA Part 3 textbook has been revised, and the new version is now available for download in My Studies. Printed textbooks shipped on or after Friday, July 14th are the new version.

While we normally would post a detailed list of changes, the changes are so extensive that it is not practical to make such a list. This update streamlined the presentation of almost every topic, resulting a textbook that is shorter and more focused. If you are currently studying Part 3, it is not necessary to re-study any Sections that you have already studied, but we do strongly recommend switching to the newer version as you continue your studies.

If you have any questions about the new version and/or how to proceed with your studies, please contact us and we will be glad to provide guidance based on your study plan.

You can also learn more about the HOCK CIA Textbooks and other exam prep materials if you are not already a HOCK student. Start studying today!

CMA ExamSuccess Updated (July 2017)

CMA ExamSuccess has been updated to match the changes made to the CMA Part 2 Textbook in Section F for the IMA’s new Statement of Ethical Professional Practice. The new Statement went into effect on July 1 and will be subject to being tested beginning with the September/October 2017 exam window.

The new version of CMA ExamSuccess can be downloaded in My Studies. We recommend that all candidates studying for either exam update their software; all existing sessions and history will be preserved.

The updated questions are already live in CMA ExamSuccess Online and no update is required.

CMA Part 2 Textbook Update July 2017

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; minor changes and edits were made throughout the book and are not detailed here.

Candidates do not need to re-study any topics already completed, but they may want to review the changed material in the updated book. 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.

CMA Part 2, Volume 1:

Section A

EPS Disclosure Requirements have been added at the end of the topic Earnings Per Share (EPS) in Market Ratios.

Limitations of Ratio Analysis has been expanded to include both Benefits and Limitations of Ratio Analysis.

Section B

In the topic Capital Asset Pricing Model/Beta, the discussion of negative beta has been expanded and clarified.

In the topic The Bond Instrument, additional information has been added describing the increments in which bonds are issued, the way bonds pay interest, the calculation of the proceeds of a bond issue that the issuer receives, and the way the prices of bonds are quoted.

The title of the topic The Fair Value (Appropriate Price) of a Share of Stock has been changed to The Fair Value or Intrinsic Value (Appropriate Price) of a Share of Stock” and the discussion has been expanded for clarity.

CMA Part 2, Volume 2:

Section C

In Cost-Volume-Profit Analysis/Breakeven Revenue with a Sales Mix, information and an example have been added regarding how to solve a breakeven problem when the products in the sales mix have different selling prices and the breakdown of the product mix is presented in percentages of units sold but the question asks for the breakeven revenue.

In Short-Run Equilibrium Pricing in Monopoly,” an explanatory “Note” has been added to clarify that a monopoly’s short-run economic profit and its long-run economic profit are the same.

In Pricing Strategy/Cost-Based Approaches, revisions have been made to the explanation of “markup on selling price” and to the example following it showing the percentages of markup calculated for the same product at the same price and cost using both the markup on cost and the markup on selling price to calculate the percentage markups.

Section E

In Identifying and Calculating the Relevant Cash Flows, an addition was made to the “Note” regarding the tax effect of cash received from the disposal of old or outdated assets. The additional information in the note is about the timing of the tax effect.

In Capital Budgeting and Inflation, the discussion of real and nominal cash flows has been revised for improved clarity.

Risk in Capital Budgeting has been revised and streamlined. The sub-topic “Statistical Measurements of Cash Flow Variability was deleted and the emphasis is now on an intuitive method of determining cash flow variability.

Section F

The IMA Statement of Ethical Professional Practice has been revised effective July 1, 2017, and the revised Statement is in Section F. The changes will be subject to testing on the CMA exam as of one year after their effective date, or beginning with the September/October 2018 testing window. Beginning with the September/October 2017 testing window, all exam questions that deal with information that has been changed will be removed from the exam question base. So technically, candidates preparing for exams to be taken between September 2017 and June 2018 could study either the old version or the new version of the Ethics statement. However, it obviously is better to learn up-to-date information.

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