Tag Archives: CMA

CMA Part 1: Done!!

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At the end of February I sat for Part 1 of the Certified Management Accountants exam. To say it was intense was an understatement…I was shaking in my tennis shoes. Not to mention that I was in the middle of some miserable medical symptoms. But once you schedule your test…you can’t back out!

I studied 10-15 hours a week for 9 weeks to prepare.(This was a huge reason for loss of my knitting mojo. My brain couldn’t handle thinking about both at the same time). By the end my test prep scores were in the high 60s and low 70s. You need a 75% to pass. The test is a little under 5 hours from start to finish. But I finished all the multiple choice and 7 out of 8 essay sections. I personally felt that the test prep software was harder than the actual test. So I’m hopeful I passed. Now I have to wait until the middle of April to find out if I passed our not….ITS KILLING ME!

I really need to start studying for Part II, providing I passed Part I, so I can sit for the next test at the end of May. I’m not sure I’m ready to dive back in but no turning back now. This experience has really pushed my professional and education boundaries. Wish me luck!

A Step Forward in My Career

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I’ve been at my current job for five years and it’s been one hell of an adventure. No two days are the same, both good and bad! But there isn’t a lot of room for advancement and there are some inherent problems with the structure in my department. So I struck out and interviewed for a dream job….which I was promptly denied.

And I’d like to point out that I was valedictorian of my high school class with a 4.0, I graduated summa cum laude with BA in Spanish, Business, and Accounting from undergrad, I graduated summa cum laude with a Masters in Business Administration from a nationally recognized university, and I have five years working experience as an accountant. I say this not to brag but to point out how ridiculously qualified I am for most jobs. It’s just that even now there are 20 qualified applicants for every job, especially the good ones. Now I don’t want to complain too much because I am currently employed and earn a fair wage. I’m just not happy, and on some level you should be happy(ish) to go to work every day!

So I decided to study for and sit for the Certified Management Accountants’s exam. It’s a step below the CPA and give you knowledge across a WIDE range of accounting topic and not just the banking industry I currently work in. That being said this process is a HUGE time suck. I need to be studying 10-15 hours a week to be on track to take the first test in February 2014. This has put a huge dent into my knitting time.

I guess this is my long way around of saying that for the next couple of months my knitting posts may not be as frequent or as detailed as I have become accustomed to writing. Please bear with me and I promise to keep knitting along the way! How else am I going to stay sane, lol?

Happy Knitting (and studying)!