CMA Study Group

  • 1.  Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-09-2013 12:01 PM
    Hi All,

    Requesting valuable information from the candidates who already appeared for CMA Part-2: -

    Texas BA II Plus will be helpful for which topics in exam compare to normal calculator.
    It is helpful in speeding calculation compare to normal calculator.
    Normal calculator will have more than 2 "00"keys.

    Thanks a lot in advance.
    -------------------------------------------
    Rakesh Pandya
    Executive Officer
    ADCB Bank
    Abu Dhabi
    United Arab Emirates
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  • 2.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-13-2013 04:12 PM
    The TI Calculators were alot of help in calculating the time value of money, Net Present Value, and Internal Rate of Return.  I would highly recommend that you use a calculator for these types of problems.  You will save on average, 10 minutes during the exam.  Keep in mind that the calculator will give you exact numbers where as the rate charts are rounded.  So your answer using the calculator will not be EXACTLY what the number would be if you used the chart, but will be close enough to figure out the correct answer. 

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    Brandon Buffington CMA
    Accountant
    Port Byron IL
    United States
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    Original Message


  • 3.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-14-2013 08:30 AM
    Hi,
    I would like to know if the discount tables will be provided during the exam?. If it will be provided in what form(soft or hard copy?
    Thanks

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    Olajide Olalude
    Accountant
    C/O Olalude Gbenga Adelekan
    Osun State
    Nigeria
    -------------------------------------------






    Original Message


  • 4.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-14-2013 02:01 PM

    Hi,

    but according to my knowledge, financial calculators are not allowed to enter the exam. the only allowed calculators are the simple ones.

    please advise about this issue.

    best regards,

    -------------------------------------------
    Mohammad Hourani
    Salheye
    Lebanon
    -------------------------------------------






    Original Message


  • 5.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-14-2013 03:15 PM
    Though the BA II plus is permitted by IMA, the pro-metric center may prevent you using that.
    It is better to confirm from the testing center which you will be giving exam (tentative).
    Otherwise it is better to practice with basic calculator, so that will not get trouble at the exam time.

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    HM Maruff
    Analyst
    FBJ Enterprises
    Doha
    Qatar
    -------------------------------------------






    Original Message


  • 6.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-15-2013 07:13 AM
    Hi Rakesh,

    I agree with Brandon 100%.

    Have you solved a problem on capital budgeting similar to the "Metro Industries" question (if you have Gleim or Wiley/IMA) where you are asked for the project's NPV? This problem involves MACRS depreciation, unequal cash flow and time value of money. Time your calculation using a standard casio calculator and see if you will be able to compute the correct answer in under 6 minutes.

    Now, if you'd be using a TI or any financial calculator that you are accustomed using, you should be able to solve this same problem in under 3 minutes, and this already includes reading the important facts.

    In solving this problem alone you will save at least 3 minutes. If you get lucky, you might find about 6-8 TVM questions in your set. You should seriously consider using a financial calculator.


    -------------------------------------------
    Angel Secerio CMA, CPA
    Director/Manager
    Insights Financial Review Services Inc
    Makati City
    Philippines
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    Original Message


  • 7.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-17-2013 06:28 PM
    Thanks a lot for all your valuable guide........

    -------------------------------------------
    Rakesh Pandya
    Executive Officer
    ADCB Bank
    Abu Dhabi
    United Arab Emirates
    -------------------------------------------






    Original Message


  • 8.  RE:Regd. Texam BA II Plus Use and Speed of Calculations

    Posted 05-21-2013 05:10 PM
    The Testing center will let you take the TI BA 2 in.  There are a few different financial calculators that are approved.  If you are worried then just take the IMA guide in and have it for reference if they question you. 

    The tables are available as a button to click.  They are not hard copies.  So they are a little difficult to use.  If you chose to use the tables and a simple calculator then you will be wasting alot of time.  You really should just get an approved financial calculator and learn how to use it.  There is some setting up that you have to do so that they calculator calculates the numbers how you want, but there are several guides on you tube or on the internet that show you how to set it up.  Takes about 30 seconds..



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    Brandon Buffington CMA
    Accountant
    Port Byron IL
    United States
    -------------------------------------------






    Original Message