Lynnel’s CIA Part 3 Progress: Week 6

  • Last Updated: Feb 1, 2019 @ 6:59 pm
  • By Lynnel

CIA part 3 progress week 6Lynnel is our CIA exam blogger from the Philippines. She writes every Friday.

It took my attention when I saw this quote on one of my social media accounts:

If there is no struggle, there is no progress.”

Frederick Douglass

The struggle is real for Part 3, and I witnessed it myself since day one of my CIA journey. It took a lot of time and money but, everything will be worth it at the end.

I always make it a point to reflect and meditate everyday to boost my drive, my confidence, to look at things in positive ways and most importantly to let go of my fears.

I can feel the struggle of each CIA exam candidate who progress toward their achievement in becoming a CIA. Some took one, two, three, four and more times to achieve it but, the number of times is not important. The most important thing is you never quit on your dreams to be able to achieve it.

It took six weeks to finish on the familiarization stage of my study process and in my final week, the topics are:

  • Unit 18-Managerial Accounting II
  • Unit 19-Global Business Environment
  • Unit 20-Legal, Economic, and Regulatory Issues

Out of the accounting topics I studied, unit 18 which is Managerial Accounting II is the topic which I am not much familiar with. The budget methodologies which are zero based budgeting, continuous budgeting and kaizen budgeting are new to me except activity based budgeting. It took two and a half day for me to study Managerial Accounting II because of the unfamiliar topics.

Meanwhile, I really enjoy studying Unit 19 , Global Business Environment and Unit 20 , Legal, Economic, and Regulatory Issues. Leadership styles and human resources issues in global operations in Unit 19 for me are the most interesting part. In addition, methods of taxation and international trade keep me interested on Unit 20.

Overall, I feel that I succeed on my study process on the familiarization stage. As I begin the next stage
on my study process, understanding stage-Read and Answer, I am sure that I will have a good grasp of the concepts.

Note from Stephanie

Very good progress Lynnel! This 6 weeks must be feel very long for you, but you are doing great to be able to cover pretty much all within this period.

Remember, don’t overstudy Unit 18! We’ve got lots of advice on this on our Part 3 page.

Glad you like Unit 19 and 20. Sometimes I feel like Part 3 can help one specialize their career path in the future depending on which study units they like the most 😉

About the Author Lynnel

Lynnel is a recent graduate, with a BSBA Major in Internal Auditing in the Philippines. Lynnel passed Part 1 and 2 on the same day, and Part 3 on her first attempt.