Нет комментариев 15.11.2005

Author.::.Mike

The fourth part is the summary of three previous ones. There isn't much new information and this part is quite simple (just for training your understanding and memory). That's why I concentrated on revising the material of the second and the third parts, which are the major. I supposed that the tasks I'd have to complete would refer to those themes, where it would be necessary to find some management decision based on theory. My supposition turned out to be true.

There were 6 tasks containing 2-3 questions and I had approximately 25-30 minutes for each task or 10 minutes for a question. There were two types of the tasks: calculating (75-80%) and theoretical (20-25%). The latter are quite simple, and there are good examples of them on IMA site. That's why it'll be better to concentrate on preparing for computational problems. I remember the following types (from those I had to solve):

1) cost of equity - CAPM and dividend growth model. Everything is very simple but I failed to remember the formulas (which are also quite simple). One should know them and basic presuppositions of models.

2) decision making, like special order, produce/outsource etc. They are typical from Decision Analysis program (part D)

3) investment analysis - NPV/IRR calculating + sensitivity analysis (here one should remember basic suppositions of analysis and the way cash flow (including tax effects of non-cash expenses (depreciation)) is counted.

Theoretical tasks were like that:
- ethics (part 4);
- strategical marketing (part 3, section 2);
- communication while setting budget/standard setting (part 4 and partially part 2).

It took me 3 months (from May till August) to prepare for this exam (just as for previous ones). I even didn't spare much time on it - I revised the textbooks and read additional literature (more for myself). Largely, textbook-revision could be enough. I took IMA Self-Study Course and was completely satisfied by this textbook (80-90% of material from it was included in the exam tasks).

I received my results in two months.

Жми!

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