CRACKER COMBO for CMA Final | Dec. 2026/June 2027 Exams | Group IV – Papers 17 to 20A | CRACKER Series | CMAD, CFR, ITLP, and SPMBV | July 2026 Edition | Set of 4 Books

Book Type: CMA Final Group IV CRACKER Combo – Previous Exams Solved Papers

Syllabus: ICMAI Syllabus 2022

Edition: July 2026

Authors: CA. Tarun Agarwal, CA. Leena Lalit Parakh & CMA Nidhi Moody

Coverage: Paper 17 Cost & Management Audit, Paper 18 Corporate Financial Reporting, Paper 19 Indirect Tax Laws & Practice, Paper 20A Strategic Performance Management & Business Valuation

Key Highlights:

• Fully solved past-exam questions through June 2026 with complete examiner-style model answers and detailed working notes
• Questions tagged with examination attempt and marks for identifying high-frequency topics and expected answer length
• Objective, Theory and Numerical/Practical questions arranged topic-wise and module-wise
• Step-by-step worked numericals with complete computations, cost statements and supporting working notes
• Tabular A Quick Review in every chapter and sub-chapter for rapid conceptual and formula-based revision
• Module-wise marks distribution based on recent examination sittings from 2023 to 2026
• Previous Exams Trend Analysis covering question, chapter, marks and Theory/Practical classification
• Module-wise comparison with the ICMAI/CMA Study Material for complete syllabus mapping
• Latest module-wise solved papers for December 2025 and June 2026 with suggested answers
• Updated for amended laws, rules and standards applicable to the December 2026 and June 2027 examinations

Content Coverage:

• Paper 17 – Cost & Management Audit (CMAD) – 18 modules covering Cost Audit, Management Audit, Internal Audit, Operational Audit, Forensic Audit and Anti-Money Laundering
• Paper 18 – Corporate Financial Reporting (CFR) – 8 modules covering Specific Accounting Standards, Valuation of Shares, Financial Instruments, NBFCs, Business Combination & Restructuring, Consolidated & Separate Financial Statements, Recent Developments in Financial Reporting and Government Accounting
• Paper 19 – Indirect Tax Laws & Practice (ITLP) – 16 modules covering GST, Customs, Foreign Trade Policy and Special Economic Zone Scheme
• Paper 20A – Strategic Performance Management & Business Valuation (SPMBV) – 9 modules covering Strategic Performance Management and Business Valuation

Paper 17 – Cost & Management Audit:

• Section A – Cost Audit covering Modules 1–8
• Section B – Management Audit covering Modules 9–13
• Section C – Internal Audit, Operational Audit & Other Related Issues covering Modules 14–16
• Section D – Forensic Audit & Anti-Money Laundering covering Modules 17–18
• Cost Accounting Standards & GACAP, Cost Records and Audit Rules and Management Reporting & Analysis
• Cost Audit Report and XBRL filing to the MCA

Paper 18 – Corporate Financial Reporting:

• Module 1 – Specific Accounting Standards (Ind AS)
• Module 2 – Valuation of Shares
• Module 3 – Accounting of Financial Instruments
• Module 4 – NBFCs
• Module 5 – Business Combination & Restructuring
• Module 6 – Consolidated & Separate Financial Statements
• Module 7 – Recent Developments in Financial Reporting
• Module 8 – Government Accounting in India

Paper 19 – Indirect Tax Laws & Practice:

• Section A – Goods & Services Tax covering supply, time, place and value of supply, input tax credit, TDS & TCS, e-way bill, refunds, returns, registration, accounts, audit, assessment, inspection, search & seizure, demands & recovery, offences, penalties, appeals, revision and advance ruling
• Section B – Customs Act & Rules with Allied Laws covering import valuation, warehousing, duty drawback, Baggage Rules 2026, import at concessional rate, remission, refund, trade facilitation, Foreign Trade Policy 2023 and SEZ Scheme

Paper 20A – Strategic Performance Management & Business Valuation:

• Section A – Strategic Performance Management covering Productivity & Efficiency, Financial Performance Analysis, Supply Chain, Customer Profitability, Balanced Scorecard, Du-Pont/RONA, Benchmarking, Six Sigma, Lean, SQC, PDCA, MIS, TPM, TQM, DEA, Economic Efficiency, Pricing and Enterprise Risk Management
• Section B – Business Valuation covering Enterprise Value, Leverages, Gordon Growth, CAPM, WACC, IBC 2016, Fair Value, Regulatory Framework, DCF, FCFF/FCFE, Relative Valuation, Beta, Equity Valuation, Net Asset Value, Intangibles, EVA/MVA, Bond Valuation and Mergers & Acquisitions

Book Structure:

• Strategic front matter with Module-wise Marks Distribution, Previous Exams Trend Analysis and Module-wise Comparison with the Study Material
• Content follows the official ICMAI syllabus order across all four papers
• Uniform chapter structure with A Quick Review followed by Objective, Theory and Numerical/Practical questions
• Every question carries its examination sitting and marks and is followed by a model solution with relevant working notes
• December 2025 and June 2026 papers reproduced with full suggested answers and re-sequenced module-wise
• Complete plan, revise, practise and test approach designed to build speed, accuracy and answer-writing discipline