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#Use 12c financial calculator when n less 1 plus#
#Use 12c financial calculator when n less 1 professional#

The way you key in certain formulas is not user friendly (e.g.

Fewer keystrokes for frequently used calculations (e.g., NPV).

What’s Great about These CMA Exam Calculators Although these calculators are programmable, they are still fine for use on the exam. The 12CP is a slightly upgraded model with a faster processor and more memory. The 12C has been in continuous production for nearly 40 years and remains popular among bankers. If you are looking for a more advanced calculator that could be useful for your profession beyond just the exam, then you may want to take a look at these HP models.

Keyboard slightly less sensitive than the HP models.

May need more keystrokes to accomplish the same tasks.

More user-friendly than similar calculators.

What’s Great about This CMA Exam Calculator

#Use 12c financial calculator when n less 1 professional#

It is relatively inexpensive and is one of only a few scientific calculators allowed for use on several professional financial exams. If you are looking for a calculator with basic features that satisfy your CMA Exam requirements, such as calculating NPV and IRR, then this Texas Instrument model will work well for you. **Since January 1, 2013, candidates can use HP 12c / HP 12c Platinum, which are very popular among finance professionals and may also be used for the CFA and CFP exams.

#Use 12c financial calculator when n less 1 plus#

* Texas Instruments BA II Plus “Professional” is not allowed. Hewlett-Packard HP 10bII (no longer available for purchase but still valid).The following CMA financial calculators are allowed: The exception to the six-function rule are CMA Exam financial calculators like the ones in the following section. The candidate can’t bring along instruction books.The calculator’s memory must be temporary, and it must erase when the memory is cleared or the calculator is turned off.The calculator must be small, quiet, and battery- or solar-powered.The calculator must not use any type of tape.The six functions are addition, subtraction, multiplication, division, square root, and percent. Simply put, CMA allowed calculators are standard, six-function calculators that are not programmable. Candidates are indeed allowed to bring their own CMA exam calculators to the Prometric Testing Center, but there are rules that you have to follow. Thus, many candidates wonder whether calculators are allowed for the CMA Exam.

While the exam to become a CMA requires less math than other professional accounting exams, you’ll still need to crunch some numbers and calculate formulas.