CS Professional CMADD study materials
CS Professional CMADD study resources

CS Professional CMADD study plan

CS Professional CMADD · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Corporate and Management Accounting

  • Map the Corporate and Management Accounting syllabus into a weighted topic checklist and rank every chapter by expected mark yield

  • Solve 25 cost-sheet and cost-reconciliation problems under timed conditions without referring to the solution

  • Build a one-page formula sheet covering material, labour and overhead variances from first principles

  • Re-derive the treatment of abnormal loss, scrap and equivalent units in process costing from a blank page

Your checkpoint

A dated topic checklist with self-scored accuracy per chapter and a one-page variance formula sheet

Week 2

Corporate and Management Accounting

  • Prepare full cost statements and job/contract cost sheets for at least 8 numerical cases

  • Compute and interpret marginal costing decisions: make-or-buy, accept-or-reject, key-factor ranking

  • Reconcile profit under absorption and marginal costing and explain each reconciling item in writing

  • Complete 20 marks of theory-style questions on cost control and cost reduction

Your checkpoint

A portfolio of 10 solved numerical problems with written working notes and error log

Week 3

Corporate and Management Accounting & Direct Tax Laws and Practice

  • Work through company final accounts: depreciation, dividend, transfer to reserves, and managerial remuneration limits

  • Solve 15 ratio-analysis and fund-flow/cash-flow problems and tabulate standard formulae

  • Start Direct Tax revision with residential status and scope of total income, solving 10 caselets

  • Draft a comparison note on book profit versus total income for MAT purposes

Your checkpoint

A single reference sheet linking financial-statement adjustments to their tax and reporting treatments, plus 15 solved ratio problems

Week 4

Direct Tax Laws and Practice

  • Compute income under all five heads for 10 composite caselets, including house property and capital gains

  • Apply deductions under Chapter VI-A and set-off/carry-forward rules to at least 6 scenarios

  • Calculate MAT/AMT liability and MAT credit entitlement with supporting workings

  • Solve 12 TDS/TCS rate-identification questions across common payment categories

Your checkpoint

A timed 3-hour mock covering heads of income and deductions, scored and analysed by error type

Week 5

Direct Tax Laws and Practice

  • Prepare computation of total income and tax liability for corporate and non-corporate assessees from scratch

  • Apply transfer-pricing basics: ALP methods, comparability, and documentation thresholds to 5 caselets

  • Work through assessment, reassessment, appeal and penalty provisions using 10 short scenarios

  • Draft a tax-planning note for a specified fact pattern citing the governing provision for each recommendation

Your checkpoint

Two complete tax computations with supporting schedules and a one-page tax-planning memo

Week 6

Corporate Financial Reporting

  • Apply Ind AS recognition and measurement to revenue, leases, and property, plant and equipment in 10 worked examples

  • Prepare consolidation workings for a two-tier group: goodwill, NCI, and unrealised profit elimination

  • Distinguish accounting treatment and disclosure requirements for at least 6 reporting scenarios

  • Analyse a published annual report and identify five disclosure items traceable to specific standards

Your checkpoint

A consolidation working file with full elimination entries plus a written standard-by-standard comparison table

Week 7

Indirect Tax Laws and Practice

  • Determine GST place of supply, time of supply and value of supply across 12 transaction fact patterns

  • Compute input tax credit eligibility and reversal, including blocked credits, for 10 scenarios

  • Work through customs valuation and import duty computation for 8 cases

  • List and apply the key procedural timelines for registration, returns and refunds

Your checkpoint

A GST and customs computation workbook of 30 solved cases with a procedural timeline chart

Week 8

Strategic Cost Management & Corporate and Management Accounting & Direct Tax Laws and Practice

  • Apply activity-based costing and target costing to 6 decision problems and compare outcomes with traditional costing

  • Revise weak chapters flagged in earlier error logs and re-solve every previously wrong question

  • Sit two full-length timed mocks under exam conditions and record section-wise time allocation

  • Compress all five domains into a 10-page final revision digest

Your checkpoint

Two scored full-length mocks with a written gap analysis and a 10-page final revision digest

Milestones

Week 2: Corporate and Management Accounting numerical accuracy at or above 70% on self-scored problem sets, with the error log showing no repeated mistake type

Week 4: Direct Tax mock score at or above 50% with every incorrect answer traced to a specific provision or computation step

Week 6: Consolidation and Ind AS workings independently reproducible from a blank sheet, and at least 80% of studied topics marked as revised

Week 8: Both full-length mocks completed within time, overall score trending upward, and the revision digest covering every domain with no unresolved flagged item