Practise Yourself to Study Daily for ACCA Exams

To the crack the tough nut of ACCA exam (not only ACCA but all exams), it is really good to make it a habit of studying a little bit every day. Learning every day will definitely ease your revision and makes your exam preparation strong yet simple. Here are a few tips on how to achieve that elusive balance.

Learn Early/Late

People have different interests when it comes to working or learning time. Some feel fresh and sharp in the early morning; while some others find it easier to concentrate during night time to avoid the distractions. If you find it hard to keep a balance between your studies or work with other commitments, dedicate an hour or two in the early morning or time before bed and this will make a significant difference in the outcome. Whether it is work or study, you can complete a good amount of the material, without disrupting other parts of your routine.

Don’t Try to Flee

Most of us have a tendency to get holed up at home when there are a lot of assignments to complete and exams to prepare for. Being at home will pull down you into the relentless hours of sleep and frequent coffee breaks that are serious productivity killers.  Also, it is a bigger mistake to hide away from your studies or exam; prepare for it and try to score high marks. Don’t mix up your homely or personal affairs with studies; instead, find time for self-study and revise the portions you learned already. Before starting to learn, boost your mood so as to increase your productivity; it will definitely help you enhance your learning. Since ACCA is a professional accounting course, you need to be very much hardworking and disciplined in order to achieve great results. Despite rote learning, focus on highly motivated study method that helps to connect and apply the concepts you learned in your classroom.

Travel Time Learning

Though it cannot be considered as a substitute for the hard work and organised study, doing a small revision during your travel to the institute or way back home will sometimes give you an idea on which portion to be covered on that day or a glance at the points you studied last night. As technology has advanced to a greater extent, instead of old-fashioned textbooks and printed learning materials, you just need to carry a smartphone or tablet to make the quick learning much easier than ever. The interactive learning resources at your fingertips will not only make you feel active and but also will be perfect for a bit of extra practice.

Be Healthy and Get Enough Rest

When it comes to preparing for a serious exam like ACCA, you must take care of your health also. Since exam time is the period which puts a lot of pressure on your body and mind, it’s important to be healthy and peaceful for tackling the exam in a better possible way.  Like your body, your brain also needs rest in order to retain and utilise new information at the right time. The scientific evidence behind the importance of a good night’s sleep is not just a cliche, especially during the exam time; it’s true that putting excess pressure on your physique and mind will spoil the whole exam. Therefore, it is advisable to get some rest during the preparation for the better performance in the exams.

Regular Revision Matters

If you want to excel in your ACCA exam, make a habit of revision; if not started yet, begin it today itself. Just like playing a video game or a new sport, practice revision for the effective learning. By doing a little revision every day, you’ll be able to bridge the gap in your studies and find more time for other activities also.

Always keep in mind that passing ACCA in the first shot is not that easy. Hence, you need to be very organised and planning in your studies. Besides, regular revisioning and practising previous question answers can help a lot in cracking your exam difficulty. If you are still confused on where/how to start the preparation, get in touch with the accounting professionals and experienced faculties at Logic School of Management, one of the best ACCA training institutes in Kerala, which provides excellent training for aspiring professional accountants.

Everything you Need to Know about Certified Management Accountant (CMA)

So you aspire to become a Certified Management Accountant (CMA)? Still unsure about how to get started? Here are the details you should know before joining CMA training.

Opting for the CMA program is a great move to make your career successful in management accounting. However, before getting into it, it is advisable to know everything about the course, requirement, eligibility, exam pattern, salary and the career prospects. To know everything about CMA, you need not go anywhere else; just relax and continue reading. By the end of it, you will get answers to all your queries related to CMA certification.

IMA Membership

The very first thing you need to obtain CMA certification is getting the membership in IMA. To acquire CMA certification IMA (Institute of Management Accountants) membership is a must. This is the crucial step every candidate fails to notice assuming that they can just sign up and attend the CMA Exam. The are two types of membership, student and professional. Also, the candidate needs to pay an annual IMA membership fee before entering into the program.

Requirements to get a CMA Certification

Apart from getting the IMA membership, candidates must meet other eligibility requirements including:

  • A bachelor’s degree from an accredited university/college or a related professional certification.
  • Pass the two parts of CMA exam
  • Two years of professional experience in management accounting or financial management.

You are allowed to join IMA and attend and pass the exam before completing these requirements. However, you will get the certification once you complete your bachelor’s degree and two years of professional experience. The CMA program lets you complete the course at your own pace. You may earn the CMA certification in six months or within 3 years of registration for CMA.

CMA Exam

Logic School of Management provides the best CMA USA classes in India to get over the exam hurdles. The two-part CMA Exam is entirely computer-based with four hours for each part. It’s 75 % Objective (100 questions) and 25% descriptive with no negative marks.

The part I of CMA exam focuses on the following syllabus.

  • External financial reporting decisions
  • Planning, budgeting and forecasting
  • Performance management
  • Cost management
  • Internal control

Part 2 of the CMA Exam focuses on the following areas

  • Financial statement analysis
  • Corporate finance
  • Decision analysis
  • Risk management
  • Investment decisions
  • Professional ethics

CMA Exams are computer-assisted and are administered by Prometric facility which has centres all across the world. Though you are supposed to schedule your CMA exams at least 72 hours prior, it would be better to schedule the exams four weeks in advance. The candidates are supposed to attend the exams in the following months.

January and February
May and June
September and October

Career Prospects after CMA Certification

Obtaining a CMA certification requires a substantial amount of effort and time investment. So before entering into the CMA program, take a moment to examine how CMA is going to help you in your career development. Also, check whether this qualification is best suitable for your career, considering your education background and aspiration. However, getting a CMA certification opens a lot of career opportunities both in the domestic as well as the global job market. By enhancing your skills in finance, accounting and management, CMA certification entitles you to expand your career prospects and you can accept job roles including Financial Analyst, Financial Risk Manager, Finance Manager, Financial Controller, Relationship Manager, Cost Accountant, Cost Manager etc.  

Salary of a CMA Professional

Just like any other profession, the salary of CMA also depends on certain factors such as the designation, company size, years of experience etc. Bigger the company, the higher the salary will be. After completing a few years, it’s certain that you will be able to get a big amount as remuneration. No worries! Once you are awarded the CMA certification, you can expand your career and there will be no looking back.

Becoming a CMA will definitely help you increase your earnings and your corporate accounting career with greater prospects. With CMA certification, about 80% of the accounting professionals work in management accounting, financial accounting and various other sectors of accounting jobs.

Thinking about training institutes to help you join CMA and pass the exam? Don’t worry; a lot of institutes in India provide good coaching for CMA candidates. If you are looking for the best CMA training, get in touch with Logic School of Management, the leading training institute which offers training for aspiring candidates who want to pursue CMA, ACCA, CA, CPA and other accounting courses. Logic School is renowned for its best CMA training in Calicut, Cochin and other major cities of Kerala. Don’t be late! Locate your nearest CMA training institute and prepare for the CMA exam in a time-efficient manner.

CA Exams- Mistakes you should Avoid to Pass

Worried about your CA exams? Definitely you will be, we know that; after all passing CA exams is not that simple. To say, there are no shortcuts; only hard work and patience will be paid off in the end. However, the past record shows that only a few students clear CA Final exam and most often the pass percentage lies upto a maximum of 10%.  

Before you go further ahead, keep in mind that CA Final is not just like any other accounting course. You have to be very disciplined and organized to clear the exam in the first try. The higher the level, the greater will be the difficulty. The CA Foundation exam might be easier for you to crack. But that’s not the case with CA Intermediate and CA Final exam; you must be very pre-planned to crack that tough nut. You might have been a school or college topper, but your senior secondary academic performance or score won’t favour you in CA exams. Please don’t lose hope: with hard work and good planning you can clear the CA Final in the first attempt itself. Also, you have to avoid some common mistakes that will weaken your chances to pass the exam.

Given below are some of the few things most CA students fail to address.

Not regular in the class: Being irregular in the classes will drop in a great trouble. Through skipping your classes, you are making a big mistake and it will definitely affect your CA exams badly. It’s a common tendency among the students to procrastinate their studies thinking that let the teachers complete the classes first.  But, it will adversely affect the studies, because if you are skipping the classes regularly, you will definitely miss the core portions and even if you try to study it later, the concept may seem incomprehensible. So, it is advisable to be regular in the class and study the concept within 24 hours so that you with proper revision and practice questioning, you can recall the concept during the exam time.

Fail to Execute Plans: Most of you might be good at planning; however, lack of execution of the plan will get you in trouble. So it would be better to stick to your plan and execute it properly to achieve success. Don’t postpone your studies for tomorrow.

Disregarding the ICAI Practice Manual: Ignoring the practice manual of the ICAI is not a good decision. So, when you complete a particular topic or chapter, start practising the questions in the ICAI manual. Practising a lot of questions will help you get the presentation idea.

Dummy Articleship: This is one of the biggest mistakes committed by many CA students. Articleship also known as the golden period of a CA student, plays a crucial role in the entire CA career. More than just bookish knowledge, practical understanding is very much important. Good involvement in articleship will help the student to get practical knowledge in areas such as Audit & Assurance, Direct Taxes, Indirect Taxes, Internal Audit and more. A dummy training will not help you gather this knowledge. So, it is advisable to be systematic in your Articleship and the practice with the utmost interest.

Lack of practice by writing: It is a common practice among the CA students to depend on calculators for solving the problems, due to the lack of time. However, it is not a good idea to answer the questions using gadgets. Solving the questions using a calculator will get you into confusions while presenting the answers during exams. In theory papers, you will get presentation skills by just reading and comprehending. On the other hand, in practical sections, the students are advised to practise the questions by solving them manually on papers instead of using a calculator.

No Self-analysis: Many students forget to do self-analysis while preparing for the exams. Even though you prepare and perform well in the exam, without self-analysis you cannot identify the drawbacks and pitfalls occurred in your studies.  By doing proper self-analysis, you will be able to know your weaknesses, and what all mistakes you should avoid to manage your CA Final exams in a very successful manner.

Still thinking of clearing the CA Final as a mountain climbing? We will help you out with the most advanced techniques and tips to tackle the exams in a very effective way. We provide the finest CA Final courses in Ernakulam, Kottayam and other major cities of Kerala leveraging our network of experienced teachers and rich amenities.

How to Pass ACCA in the First Chance?

The recent findings regarding ACCA reveal that twice as many candidates who don’t pass the ACCA exams in the first chance as the handful who do.

A first-time pass definitely can really set you atop in the challenging job market, especially in the accounting and business career. Since the financial, banking and accounting jobs that you can get into are incredibly high paid and glamorous professions that face good competition, the employers usually prefer the most eligible candidates who pass the exam the first time.

So if you are thinking that luck favours the most time, it’s absolutely a misconception. Your academic excellence and intelligence have nothing to do with the ACCA. The only thing that helps you pass the ACCA exam is the knowledge you acquired. How well you prepare, practice and perform plays a crucial role in the ACCA success.

Early Revision for Better Score

It doesn’t matter whatever you learn in your classroom, your ability to apply the concepts you have learned will define what you will score in your ACCA exam. Rote learning may not help you pass the ACCA always; you need to find time to absorb, learn, and practice what you are learning. Hence, from now onwards you need to move on from your usual regurgitation in learning and create a strong foundation of what you study in ACCA classes.

Finding a good amount of time to revise the topics will help you to perform better in your ACCA exams. It is always advisable to prepare a flexible study plan or calendar well in advance so that you can allot enough time for every topic you need to cover before the exam.

Practice Past Question Answers

It is quite natural that you get overwhelmed by the quantity of information you have to learn and focus entirely on the content of the exam only. Definitely, you should pay attention to the content you need to learn, but at the same time attempt to answer the related questions you may encounter in each part. A lot of question papers are available online for you to download. Get the previous questions and try to answer each type of questions. Practice question answering technique is a lot more helpful than merely focusing on the content learning only.

Think Like An Examiner

Always keep in mind that the ACCA exam will be based on the prescribed syllabus and papers you need to study. Hence you should familiarise with the right contents as per the syllabus and you need to ensure that you have covered that areas during your revision period. It would also be a good idea to go through the Exam Approach Interview contents on each paper published on ACCA official site to get an insight into the papers from the viewpoint of an examiner. Obviously, these interviews will give you an idea about the examiner’s approach and to understand which areas you need to improve for better scoring.

Be Healthy

If you want to pass your ACCA exam in the first chance, then you should not let the stress of the situation overpower you. Don’t lose your health in the long run to pass the exam. Putting a lot of pressure on your body and mind can ruin the whole exam and it can lead to great depression It is very important to eat well, exercise, get enough sleep and be in good condition to maintain your health and keep the exam pressure away.

Furthermore, be a part of the best institute

A good number of institutions give proper guidance to students and help them pass the ACCA in the first attempt. Most of these institutes will give you immense support to overcome your exam fears and stress, helping you to achieve good score in ACCA exams. If you are looking for the best ACCA course in Kerala, then your searches would definitely end up in Logic School of Management, the leading institute in Cochin and Kottayam which provides flexible ACCA course to help you excel in accounting profession. Logic is one of the most preferred ACCA institutes in Cochin and Kottayam which enables students to pass the ACCA in their first attempt itself.
Now it’s your time. Good Luck!

 

 

 

A Detailed Guide to Company Secretary Programme

Bygone are the days when teaching, engineering, banking, and medicine were the only career choices for students. To help you achieve your dream career, there are many certifications available now to pursue. However, choosing the right one according to your aptitude and ability is always tricky.

Company Secretary(CS) career is one such demanding profession that the world is seeking to pursue. Company secretaries are responsible to ensure that the company policies and practices are financially and legally acceptable and the organization complies with all the legal codes. As a CS, one must be efficient to coordinate flawlessly between different departments of the business corporate.

So if the CS career is tempting you to pursue the course, please take a look at the programme to get a clear idea about the course and its details.

A “Company Secretary” as defined as per the Company Secretaries Act, is a member of the Institute of Company Secretaries of India (ICSI). Obviously, to gain the membership in ICSI, you should complete the 3-level CS course provided by the institute. A certified Company Secretary is an expert in corporate governance and plays an important role in the legal management and performs secretarial audits for the company. Usually, a certified member can perform various roles such as compliance officer, executive secretary, chief Advisor, Board Advisor and many others in an organization.

CS Exam

The three levels of CS exam include 8 months Foundation, Executive and Professional Programme. Though candidates with 10+2 should start with the Foundation Programme, graduates can directly opt for the Executive Programme; however, to pursue Professional Programme it is mandatory to complete Executive Programme successfully. The exams of each level will be conducted twice a year, mostly in the month of June and December. The minimum duration for the course is 8 months; however, it is required to complete the programme within the 3 years of registration.

CS Course in Detail

In the Fundamental level, the students are expected to familiarize with the 4 papers of fundamentals of business and accounting practices. While the Executive programme includes 7 papers in two modules that are focused on company auditing and accounting practices, company laws, and tax laws, the Professional Programme has 4 modules with nine papers. In this level, the focus is mainly on corporate governance, strategic management, and other advanced topics. The exams conducted at each level will be of 4-hour duration.   

The candidate pursuing CS course should undergo different training programmes that are focused on developing the students’ skills, personality, and professionalism, by acquainting them with the corporate environment. The students will also master the role they need to perform in a dynamic business environment and to withstand in the corporate culture. The training is provided by industry experts and experienced faculty to help the students gain practical knowledge in company secretary roles.

The three training programmes of the CS Course are detailed below:

Student Induction Programme (SIP) – The duration of the course is 7 days and students are expected to complete this programme within six months of the registration.

Executive Development Programme: The students have to undergo this 8-days programme following the successful completion of the Executive Programme.

Professional Development Programme (PDP): The students have to undergo the 25 hours PDP course following the successful completion of the Executive Programme.

15 Months Management Training: During this 15 Months Management Training, the students have to undergo the training under a certified CS in practice or with a company registered for providing training.  

Besides, the student has to undertake a 15-days training in a specialized agency such as stock exchange, management consultancy or banking institution after passing the professional programme.

Management Skills Orientation Programme (MSOP): This 15-days programme is to be completed after passing the Professional Programme and 15 months of management training.

So you want to become a company secretary? Well, if you are very much passionate about pursuing a Company Secretary Course in India, find the best CS training centre to follow your dream career. If you are looking for an institute to get the best CS coaching classes in Kerala, Logic School of Management will be the ideal choice.

 

 

Best Tips to Study for the CPA Exam

The thought of clearing the CPA exam may be an intimidating one. This is because the course is a reasonably tough one. According to statistics, the pass rate for the CPA exam is just under 50 percent. However, this also means that over 50 percent of the candidates clear the exam. For those serious candidates that are attending CPA classes in Cochin, given below are a few tips that can help the candidate to prepare for the CPA exam effectively.

1: It is important to do a CPA Review course

The biggest mistake usually committed by those attending the CPA course in Kochi is not attempting to do a CPA Review Course. The practice sample questions and course textbooks may simply be not enough most often. These resources may not give you the intense A-Z thorough preparation that a review course does. Candidates who do not attempt this, often end up wasting a lot of time and regretting later on. Therefore, in the best interests of the students’ performance, it is best to do a review course.

2: Make your study environment conducive

Create a study space that helps you to study better and be in the ‘mood’. If you do not feel motivated to study for your CPA exams, it is time to examine your study space. De-clutter the space and make it airy. Turn off your mobile phone, TV and other distractions. Ensure that your study space is not noisy and is lit up well. All of these will surely help.

3: Study in the morning time

It is a good idea to study early in the morning and do the practice questions in the nights. Studying from 5 am. to when you leave for work/college is the best time. The evenings are likely to find you more tired. This helps you to understand the extent of your understanding of what you studied in the morning.

4: Inform your near and dear and get support

You would need a lot of understanding and support from your loved ones and friends. You can ask your mom/dad to call only once a week and inform friends you will perhaps hang out only once in a fortnight till the CPA exams are over. However, your mom/dad may be the person that you can confide in and explain to them your struggles and anxieties. Keep the path open for this.

5: Use the study technique that works best for you

There are many techniques available that you can use to study effectively. Whereas some would choose to write down important concepts as they study or listen to a lecture, others would prefer to do practice questions first and then review weak areas. Nevertheless, it is important that you choose the technique that suits you the best. One good way is to follow the review course recommendation. This makes it easier for you to make a start.

6: Take care of yourself

It is important to look after yourself carefully before the examination. Physical and mental health is important to perform well in the examination. Ensure that you eat right, exercise regularly, get sufficient sleep and maintain a positive attitude.

Why Logic School of Management

If you are looking for the CPA institutes in Cochin, Logic School of Management is perhaps the best pick. Designed by NASBA (National Association of State Board of Accountancy, USA) and AICPA (American Institute of CPA’s), the CPA program is very much similar to the Chartered Accountancy program in India. Passing this course ensures that the candidate has a thorough knowledge of the accounting principles practised in the US. Logic provides effective coaching for the examinations that are held during different months in a year. These exams are conducted in other countries such as USA,UAE, Kuwait, Lebanon, and Bahrain as well.

Logic assists the candidate in evaluating his/her eligibility to enrol for the course and appear in the exams, providing quality CPA course material from Wiley International, providing intensive coaching for all parts of the CPA exam and helping with other necessary guidelines. For the best CPA training in Kochi and for any other clarifications that you may need, you can visit www.logiccpacma.com.

 

How to decide whether ACCA is to be pursued along with or after B.Com?

We all are well-versed with the fact that in accounting, internationally, there are a number of courses and certifications up for grabs. However, the conundrum that students across the world face is which is the right certification they should opt for or whether they should go for all of them. Once this has been decided upon, the next big thing that aspirants need to answer is ‘when’ should they pursue each of these different certifications.

One of the most famous and fastest growing accountancy qualifications in the world is ACCA, which stands for the Association of Chartered Certified Accountants, a leading UK based international body which has been producing qualified, competent minds in the realm of accountancy for years now. As ACCA is an internationally recognized certification, earning an ACCA directly translates into a wider spectrum of opportunities across the world. Owing to the nature of the curriculum and the test structure, an ACCA aspirant gets to study all the aspects essential for commerce and business, ranging from accounting, taxation, marketing, management, reporting, law, government compliances and what not. Thus, an ACCA is not bound by the limits of operating only as an accountant. Due to the kind of knowledge a certified ACCA is supposed to have, ACCAs are welcomed by corporations across the world because they are seen as a replacement for several employees due to their all-round experience and knowledge in business.

One of the most frequently asked question by students is how do they decide whether to pursue ACCA after B.Com (Bachelors in Commerce) degree or simultaneously. Deciding such a question purely depends on the willingness of the students, their caliber to take on multiple things at a single point of time and the foresight of the student about whether he will be able to exert constantly for the next 4-5 years on the same thing or not. This is because although at one point of time, a student might be under the impression that he’ll be able to do both the things simultaneously, it might not be possible for him to find time separately for the two things later.

Now, depending on the above factors, a student may choose to pursue B.Com and ACCA simultaneously and otherwise. But clearly, there are several advantages in pursuing them together. Firstly, the total amount of time that it takes on an average to complete all ACCA papers is roughly four to five years. In case one plans to study B.Com and ACCA in isolation, it’ll cost him 3 plus 5, which is a total of 8 years. If however, he chooses to go hit them side by side, then there is a clear advantage of at least 3-4 years. Ideally, you may be able to get done with ACCA one year after having cleared your B.Com. Secondly, while studying B.Com in college, the only thing that you’re going to find yourself occupied with is studies. And honestly, if compared to professional courses like Law, Engineering or Medical, B.Com requires much less energy and time, so accommodating ACCA together with B.Com is not as challenging as it would have otherwise been. B.Com being very easy, ACCA + B.Com is not an impossibility.

Another advantage of pursuing ACCA while pursuing B.Com is that suppose the candidate, after having pursued ACCA for a year, doesn’t find it to suit him or his career needs, he can quit while he still has the time. And then, rather engage with things like marketing, banking or other government jobs. One of the biggest advantages that you must take note of is that if you are studying at a suitable university, earning a B.Com degree earns you exemption easily from at least 3-4 papers in ACCA.

If you are searching for the proper guidance in South India which can help you clear ACCA while you are pursuing B.Com, you’ve come to the right place. We examined the affordability and modus operandi of several ACCA coaching institutes in Kochi, for a start and the clear winner that emerged was Logic School of Management. Even for those looking for good quality ACCA training in Ernakulam or ACCA course training in other parts of Kerala, Logic stood out among all the good ACCA coaching institutes in Kerala. The reason why we shortlisted Logic School of Management is their panel of faculty members. ACCA is a professional course while requires aspirants to study almost all the aspects of business, be it law, management, marketing, taxation or accounting. Logic has got a highly dependable panel of faculty members, all experts in different fields so that while you are training for your ACCA in Kochi or any part of Kerala, you are able to tend to all the subjects of ACCA at the same level. For those students who hail from Ernakulam and other parts of Kerala or even the rest of the country, Logic School of Management provides some respite by way of its full-fledged hostel facilities which can easily accommodate all those who enroll. For an early discount or a brochure, reach out to them at cochin@logiccpacma.com or connect to them on 9995518581.