Book Type: CMA Final Group III Paper 14 Strategic Financial Management – CRACKER (Previous Exams Solved Papers)
Syllabus: ICMAI Syllabus 2022
Edition: 3rd Edition | June 2026
Author: CA. Tarun Agarwal
Key Highlights:
- 500+ fully solved questions covering past CMA examinations through June 2026
- Comprehensive question bank with close to 490 exam-tagged questions across 17 modules
- Module-wise marks distribution covering June and December examinations from 2023 to 2026
- Previous Exams Trend Analysis showing module, marks and Theory/Practical classification of recent questions
- Tabular Quick Review at the beginning of every module covering important concepts, definitions and formulae
- Module-wise comparison with the ICMAI Study Material for complete syllabus mapping
- Every question tagged with its examination session and marks
- Objective, Theory and Numerical Questions arranged according to the nature of the examination
- Complete step-by-step suggested answers with detailed working notes
- December 2025 and June 2026 papers fully solved and re-sequenced module-wise
Content Coverage:
- Module 1 – Investment Decisions, Project Planning & Control
- Module 2 – Evaluation of Risky Proposals for Investment Decisions
- Module 3 – Leasing Decisions
- Module 4 – Securitisation
- Module 5 – Introduction to Security Analysis & Portfolio Management
- Module 6 – Equity & Bond Valuation & Evaluation of Performance
- Module 7 – Mutual Funds
- Module 8 – Portfolio Theory & Practice
- Module 9 – Asset Pricing Theories
- Module 10 – Portfolio Performance Evaluation & Revision
- Module 11 – Efficient Market Hypothesis
- Module 12 – Risks in Financial Market
- Module 13 – Financial Derivatives – Instruments for Risk Management
- Module 14 – The International Financial Environment
- Module 15 – Foreign Exchange Market
- Module 16 – Foreign Exchange Risk Management
- Module 17 – Digital Finance
Key Topics Covered:
- Capital Budgeting, NPV, IRR, Profitability Index, Payback, Capital Rationing and Adjusted Present Value
- Certainty Equivalent, Risk-adjusted Discount Rate, Sensitivity Analysis, Scenario Analysis, Decision Trees and Simulation
- Finance and Operating Leases, Sale-and-Lease-Back, Leveraged Lease and Lease-vs-Buy Decisions
- Special Purpose Vehicles, Asset-backed Securities and Securitisation Process
- Fundamental and Technical Analysis
- Dividend Discount Models, DCF, Relative Valuation, Bond Valuation and Yields
- Mutual Fund NAV, Returns, Loads, Expense Ratio and Performance Evaluation
- Portfolio Return, Risk, Markowitz Diversification, Correlation, Covariance and Beta
- CAPM, Security Market Line and Arbitrage Pricing Theory
- Sharpe, Treynor and Jensen Performance Measures, MWROR and TWROR
- Efficient Market Hypothesis and Forms of Market Efficiency
- Operational, Market, Credit and Liquidity Risk
- Forwards, Futures, Options, Swaps, Option Pricing and Hedging Strategies
- IMF, World Bank, Bretton Woods, ADRs and GDRs
- Spot and Forward Exchange Rates, Cross Rates, Arbitrage, Interest Rate Parity and Purchasing Power Parity
- Transaction, Translation and Economic Exposure and Foreign Exchange Risk Hedging
- Fintech, UPI, Blockchain, Crypto Assets, AI and Emerging Technologies in Finance
Book Structure:
- Strategic front section with Module-wise Marks Distribution, Previous Exams Trend Analysis and Module-wise Comparison with the ICMAI Study Material
- 17 modules arranged in the same sequence as the official ICMAI Study Material
- Each module begins with a Quick Review covering important concepts, definitions and formulae
- Past Examination Questions arranged into Objective, Theory and Numerical Questions as applicable
- Every question includes its examination session and marks
- Complete suggested answers with step-by-step calculations and working notes
- December 2025 and June 2026 papers fully solved and arranged module-wise for complete examination practice
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