CA Final AFM Revision Test Paper May 2025 Solution Explained

If you’re a CA Final student preparing for the May 2025 exams, this is a must-watch blog post for you! The Institute of Chartered Accountants of India (ICAI) has released the Advanced Financial Management (AFM) RTP for May 2025, and to help you decode and understand it better, CA Ashish Kalra Sir has explained the entire RTP in detail on YouTube.

We’ve compiled everything for your convenience in CA Final AFM – the official RTP PDF, the full video explanation, and important highlights.

Watch the Full RTP Solution Here:

???? Make sure to watch till the end for exam-oriented tips and shortcuts!

Download ICAI RTP – May 2025 (AFM)

Get the RTP PDF directly by ICAI:

Highlights of RTP May 2025 (AFM):

• Question 1: Application of Value at Risk (VaR) for individual stock investing
• Question 2: Complex case study on Interest Rate Risk Management
• Question 3 & 4: Derivative valuation involving Derivatives Analysis and Valuation
• Question 5: Strategic Financial Decision involving Business Valuation
• Question 6 & 7: Foreign Exchange Exposure and Risk Management
• Question 8: Advanced Capital Budgeting Decisions
• Question 9: Portfolio Management
• Question 10 & 11: Security Valuation
• Question 12: Mergers, Acquisitions and Corporate Restructuring
• Question 13: International Financial management
• Question 14 & 15: Theoretical Questions

Each question is discussed in detail by CA Ashish Kalra Sir with conceptual clarity and exam-focused insights.

Read Also: Check Eligibility for ICAI CA Final Sept 2025 & Jan 2026 Exams

How to Use RTP for Effective Revision?

✅ Treat RTP like a mock test – solve before watching the video
✅ Focus on concept application, not just the final answer
✅ Revisit areas where you made mistakes
✅ Combine RTP practice with ICAI’s past MTPs and PYQs

Read Also: Who is the Best Faculty for CA Final? Subject-Wise

Final Thoughts

This RTP discussion is more than just question-solving – it’s your last-mile mentor before the exams. Make the most of it. Watch the video, download the RTP, and revisit weak areas. You got this!