Corporate Accounting & Financial Management (CAFM | CA & FM) | CRACKER

Corporate Accounting & Financial Management – CRACKER is a pure question-and-answer practice manual for Paper 4 of the CS-Executive Programme, built entirely from past examination questions and their fully worked solutions across both halves of the paper—Corporate Accounting and Financial Management. Theory answers are set out point-by-point; numericals are solved end-to-end with journal entries, ledger accounts, working notes, Schedule III balance-sheet formats, cash budgets, and the relevant financial-management formulae. Wrapped around the question bank are three planning tools—a marks-distribution chart, a question-level trend analysis, and a Study Material map—that let a student see where the marks fall before deciding where to spend revision time. It is a practice-and-revise companion, not a textbook.

The Present Publication is the 7th Edition | June 2026, authored by CS N.S. Zad, with the following noteworthy features:

• [Fully Solved Past-Exam Questions] Solved as per the latest examination pattern—every question carries a complete, examiner-style model answer
• [Topic-wise Arrangement of Questions] Past exam questions are filed under their own chapter (till the June 2026 Exam) rather than scattered across papers; the bank reaches back as far as 1999, so long-recurring questions sit beside the most recent papers
• [Chapter-wise Marks Distribution Chart] Covers all eleven exam sessions from June 2021 to June 2026, with a per-chapter average across those sessions to direct effort to the highest-yield topics
• [Chapter-wise Trend Analysis] Maps each question of the recent sessions (Dec. 2023 – June 2026) by chapter and marks, classifying it as Practical or Descriptive
• [Chapter-wise Study Material Comparison] Aligns every chapter to its corresponding Study Material chapter
• [Updated for the Companies Act 2013] Reflects the Act's provisions throughout, with the Accounting Standards chapter grounded in the Companies (Accounting Standards) Rules 2021 (SMC definition, applicability and exemptions)
• [Session & Marks Tagging] Every question carries its exam session and marks (e.g. [Dec. 2025 (5 Marks)]); where a concept has been examined across several sittings, it is consolidated under one answer with all the session tags (and 'Or'-linked phrasings)
• [Fully Worked Numerical Solutions] Journal entries (Dr./Cr.), ledger accounts, step-by-step computation tables, working notes, and balance-sheet and cash-budget formats on the accounting side; proforma statements with the relevant formulae (EVA, cost of capital, leverage, CAPM, project ranking) on the financial-management side
• [Structured Theory Answers] Point-wise notes, 'distinguish between' comparison tables, and provision-based explanations

The book follows the prescribed syllabus across two parts and nineteen chapters, with the heavier chapters further divided into Units.

Part I – Corporate Accounting (Ch. 1–10):

• Introduction to Accounting
• Introduction to Corporate Accounting
• Accounting Standards (per the AS Rules, 2021)
• Accounting for Share Capital—five Units
  • Issue of Equity Shares
  • Sweat Equity Shares
  • Issue & Redemption of Preference Shares
  • Right Issue & Issue of Bonus Shares
  • Underwriting
• Accounting for Debentures
• Related Aspects of Company Accounts—three Units
  • Shares with Differential Rights
  • Buy-back of Shares
  • Employees Share-Based Benefits
• Consolidation of Accounts
• Financial Statement Analysis
• Cash Flow Statement
• Forecasting Financial Statements

Part II – Financial Management (Ch. 11–19):

• Introduction to Financial Management
• Time Value of Money
• Capital Budgeting
• Cost of Capital
• Capital Structure & Leverages—two Units
  • Capital Structure Decisions
  • Leverages
• Dividend Decisions
• Working Capital Management—four Units
  • Working Capital Management
  • Management of Cash
  • Inventory Management
  • Receivable Management
• Security Analysis
• Operational Approach to Financial Decision

Highest-Weightage Chapters:

The chapters carrying the heaviest historical weight—Accounting for Share Capital, Working Capital Management, Capital Budgeting, Financial Statement Analysis, Capital Structure & Leverages, and Security Analysis—receive correspondingly deep question coverage

The internal structure follows a strict exam-logic architecture:

• Revision-Planning Tools — Opens with three planning aids—the Chapter-wise Marks Distribution chart, the Previous Exams Trend Analysis, and the Chapter-wise Comparison with Study Material—so a student can prioritise before opening any chapter
• Syllabus Order — Runs through all nineteen chapters across the two parts in syllabus sequence
• Unit Subdivision — The larger chapters are split into Units, so a sub-topic (e.g. underwriting, receivable management) can be practised as a self-contained block
• Within Each Chapter or Unit — Theory questions appear first under a "Theoretical Questions" heading, followed by fully worked numericals presented sequentially as 'Problem No. …', each tagged with its session and marks
• Solved Paper — Ends with the Solved Paper: June 2026 (Suggested Answers)—a complete worked answer set running to 30 pages spanning both parts (ledgers, consolidation and underwriting on the accounting side; ranking, cost of capital, leverage and dividend on the FM side) as a full specimen of a current paper