Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?
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CMA Foundation Study Plan for 2021 Exam

The CMA Foundation Study Plan :

The CMA Foundation study plan or time table is where students have to commit themselves to follow while starting to prepare for their exams. It guides you on the right path and helps you maintain your focus on the preparation.  Study plans for the preparation for the exams differ from person to person, Thus the study plan mentioned in this article is the best and standard method for studying and suggested by the experts. In online we can get plenty of study plans suggested by others, but if you follow the study plan mentioned below you will be a success in your first attempt.

  • Your study plan must include a few hours of self-study, i.e., reading the books provided by ICMAI, few hours for watching online video lectures online or attending classroom coaching, every day.
  • Rather than trying to complete the syllabus of one whole paper in a very short period of time and then moving on to the other, it is advised by experts that you incorporate more than 1 subject per day, at least 2. This also ensures that you don’t get confused and lose interest.
  • If you are a full-time aspirant, allocate your most productive hours for reading the books, as it would be the best time to utilize your quick-grasping ability.
  • If you have other tasks to do and possess only less than half a day for your CMA exam preparation, it is advisable that you make the best use of online video lectures. Read the relevant subject books and watch the video lecture series or other online materials of the same topic on alternate days.
  • Revision is the key to success. Always plan to complete your syllabus well in advance and allocate enough time for revision in your study-plan.
  • Make sure that you find time to stay updated with the current affairs and read the ICMAI student e-bulletin and monthly capsules since they can be added to your answers as well.

CMA Exam time table – 2021

Here is a plan for the CMA Foundation Students for the Last 15 days

What’s the daily routine you need to follow?

Wake up6:00 AM7:00 AM
Study Time7:00 AM9:00 AM
Breakfast9:00 AM10:00 AM
Study Time10:00 AM12:00 AM
Lunch Break12:00 PM1:00 PM
Study Time1:00 PM3:00 PM
Tea Break3:00 PM3:30 PM
Study Time3:30 PM5:30 PM
Relaxing Break5:30 PM6:00 PM
Study Time6:00 PM8:00 PM
Dinner Break8:00 PM9:00 PM
Study Time9:00 PM11:00 PM

Good Night!!!
Sleep for a good 7 hours (Your mind needs it)

CMA Foundation

How to plan for the next 15 days?
15 days – 12 hours per day
15 * 12 = 180 hours

How many hours per Subject?
Subjects that are difficult need to dedicate more study time.

Prepare well and pass the CMA Exam
The CMA exams test candidates on their knowledge of the following areas of management accounting and financial management

How to pass the CMA exam 2020
A CMA review course contains self-study resources for the CMA exam preparation by focusing on the exam content. Usually, you can access all the resources in your course online.
You can purchase a complete CMA course which includes for the CMA exam syllabus 2020 that covers the full course content related to exam…

Important Tips for Practical subjects

  1. Do all simple calculations using a calculator.
  2. Select a set of revision questions and practice on a regular basis.
  3. Do not only focus on numerical, but theory also plays a very important role.
  4. Simple mistakes lead to another attempt.
  5. Follow an appropriate format for the presentation of answers.

Important Tips for Theory subjects

  1. Do Smart Revision instead of hard work.
  2. Need to focus on concepts clearly – its most important thing.
  3. You need to practice everything you revise in writing.
  4. While writing theory subjects, you need to adapt to professional language.
  5. Quote sections, if you remember. Do not worry about the name of the case law.

Common Tips
Do not doubt your preparation, you are prepared more than you think.
Time Management. Manage your time according to the situation.
Leave negative thinking Immediately.
Have good sleep before the exam day.
Attempt all the questions, don’t leave any questions unanswered.

Subject-wise Plan for CMA Foundation students appearing

Fundamentals of Economics and Management3 Days        36 Hrs
Fundamentals of Accounting4 Days48 Hrs
Fundamentals of Law and Ethics3 Days36 Hrs
Fundamentals of Business Mathematics & Statistics4 Days48 Hrs
Total15 days180 Hrs

CMA Exam Dates for Dec’2020 is released and starts from 10th Dec 2020 and ends on 13th Dec 2020.CMA Exams Centres are in Hyderabad, Bangalore, Chennai, etc also across India exams are conducted. You need to prepare and revise before the exams, don’t unnecessarily spend time with unwanted things. You need to dedicate your time specified as mentioned in this article,
Therefore you can achieve by scoring good marks in each paper.


Importance of ICWAI | CMA Foundation Study Plan

cma foundation study plan : A study plan is a well-defined time distribution according subjects and availability of time. It also helps a student to set clear and well defined learning goals. At the same time, you have to inculcate self-discipline and determination to complete your studies as per the schedule defined according to the study plan. You, as a Student, should block off-days and time-slots in your calendar and should dedicate yourself completely to studies. Study plan shall hold you accountable for your learning outcomes.

Total Hours2424
Breakfast + Lunch + Dinner + FB + What’s app + Internet66
Self Study Time (Memorising the theory and practicing questions)64
First half (Self Study)TTTTTTOff
Second half (Self Study)PPPPPPOff
First half (Self Study)TPTPTPOff
Second half (Self Study)TPTPTPOff

CMA FOUNDATION Study Plan – Schedule – Monthly Plan

cma foundation study plan :

If completion time is 5 hours
First 2 months StudyPaper 1Paper 2Paper 1Paper 2Paper 1Paper 2
Next 2 months StudyPaper 3Paper 4Paper 3Paper 4Paper 3Paper 4
Last 1-month RevisionPaper 1 and 2Paper 3 and 4Paper 1 and 2Paper 3 and 4Paper 1 and 2Paper 3 and 4

CMA FOUNDATION Preparation Study Plan


CMA FOUNDATION Study Plan – Option 1: Early riser

Time Table: 10 Hours Study Plan
TimeDaily Schedule
6:00 AMWake Up
6 AM to 7 AMWarm Up/Exercise
7 AM to 9 AMWatching Video and making notes
9 AM to 9:30 AMBreakfast
9:30 AM to 11:30 AMSelf Study
11:30 to 12:00 PMBreak – Whatsapp/FB
12:00 PM to 3:00 PMBreak – Lunch and Rest etc
3:00 to 5:00 PMWatching Video and making notes
5:00 PM to 5:30 PMTea Break
5:30 PM to 7:30 PMSelf Study
7:30 PM to 8:00 PMRelaxing
8:00 PM to 9:30 PMSelf Study
9:30 PM to 11:00 PMDinner and Watching TV
11:00 PMBed time

CMA FOUNDATION Study Plan – Option 2

4:00 a.m. to 12:00 p.m.Sleep
12:00 2:00 p.m.Take Tea, Fresh and Take lunch
2:00 p.m. to 4:00 p.m.Take class and prepare notes
4:00 p.m. to 5 p.m.Tea Time and Relax
5 p.m. to 7:00 p.m.Self Study
7:00 p.m. to 8 p.m.Relax (Listen Music)
8 p.m. to 9:00 p.m.Self Study
9:00 p.m. to 11:00 p.m.Take Dinner, watch T.V., listen music
11:00 p.m. to 1:00 a.m.Take class and prepare notes
1:00 a.m. to 2:00 a.m.Take Tea, Facebook
2:00 a.m. to 4:00 p.m.Self Study

CMA FOUNDATION Study Plan – Option 3

TimeEarly RisersNocturnal
5-6 AMWarmupNA
6 AM -8 AMStudyNA
8 AM- 10 AMBreak: breakfast etcwarmup, breakfast etc
10AM-11 AMStudyMorning routine
11 AM-12StudyStudy
12 – 2 PMFacebook,friends ,Hometask etcFacebook,friends ,Hometask etc
2 PM- 3 PMLunch BreakLunch
3 PM – 3:30 PMRestStudy
3 :30 PM – 6 PMStudyStudy
6 PM – 7 PMBreak,tea,home task,sports,etcBreak,tea,home task,sports,etc
7 PM -9 PMStudyStudy
9PM – 10 PMTV,Dinner etcTV,Dinner etc
10PM _11PMStudy for half an hour and go to sleepStudy
11 PM-1AMNAStudy
Total Study hours99
Total Sleep hours77
Break Time hrs88

cma foundation study plan :


First step in your preparation is to start understanding and learning the concepts. Start taking subjects one by one following the time-table.

Now what should be your method of studying?

  • First a fast reading of the chapter should be done. Usually one page should not be given more than 5 minutes
  • Second reading should be slower, understanding each topic clearly.
  • Once the reading is done all questions given in the book should be attempted. First attempt all questions without using any answers and then check all questions at the end
  • You should mark your questions in a special way. i.e. the questions which were correct in the first attempt should be crossed and there is no need to attempt these questions again…all other questions which were incorrect should be done on next revision and follow the same steps of crossing the correct questions at that time.


Revision is a very important part for achieving success in any exam. You remember only 20% of what you read after 24 hours, so multiple quick revisions are very necessary. See timetable for the frequency of revisions required.


Practice is the most important part of your preparation and should be given 100% focus. Once you have completed your first revision, it’s time to take mock test. mock test helps a lot in preparing you for exam day and also highlight your weak areas.

Group Study:

Forming a study group helps in discussing queries and getting a better understanding of the subject. If you have friends taking CMA FOUNDATION exam, then you can form a study group with them or else you join an online forum for forming a discussion Group.

Exam Day:

You should be completely relaxed and rested for the final exam day. Now, when it comes to the exam hall most would get nervous and do certain things which might get you in trouble, like checking the answers with others, trying to copy, etc. Do not do those things, because it will cost you your future and the most important thing- Please take all the required stationary.

Along with this CMA Foundation Study Plan, check our other best resources for CMA Foundation:

CMA Foundation Video classes by Gold medalist ICMAI faculty

ICMAI CMA Telegram channel

No 1 CMA Foundation Android App

ICMAI CMA Foundation Exam youtube channel

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