CA Final AFM (Advanced Financial Management) Old Vs New
The Institute of Chartered Accountants of India (ICAI) has implemented a new scheme of education and training. The ICAI has revised the whole CA Course- few sections have been removed, some have been merged together, and some new additions have been made. Talking about changes made to CA Final papers-
- Strategic Financial Management (SFM) paper is now changed to Advanced Financial Management (AFM) paper.
- Earlier there were 14 chapters. Now one chapter has been added, making it a total of 15.
- MCQs for 30 marks is also a new addition to the paper whereas descriptive practical questions will come for 70 marks now.
Related: CA Final Course 2024
Chapter Wise Changes in CA Final AFM
| CHAPTERS | ADDITION |
| 1)Financial policy and corporate strategy | Advanced role of CFO in various matters including value creation |
| 2)Advanced capital budgeting decisions | New chapter |
| 3)Security analysis | Equity research and tools available |
| 4)Security valuation | -Precautions need to be taken by a valuer before accepting any valuation assignment. |
| 5)Portfolio management | Gold as alternative investment |
| 6)Securitization | -Risks in securitization -Tokenization |
| 7)Mutual funds | -Evaluation of mutual funds -Role of fund managers in mutual funds -Role of FIIs in mutual funds |
| 8)Derivatives analysis and valuation | -Exotic options -Credit derivatives -Real options -Weather derivatives -Electricity derivatives -Derivatives mishaps and lessons |
| 9)Foreign exchange exposure and risk management | -Role of SWIFT in foreign exchange -National and international payment gateways -Popular derivative products |
| 10)International financial management | -International financial center(GIFT CITY) -Sovereign funds |
| 11)Interest rate risk management | Benchmark rates |
| 12) Business valuation | -Going vs non going concern -Valuation of Distressed companies Startups Digital platforms Consultancy firms -Impact of ESG |
| 13) Mergers, acquisitions and corporate restructuring | -Unlocking the value through mergers and acquisitions and business restructuring -Special purpose acquisition companies |
| 14) Startup finance | -Succession planning in business -Unicorn |
We hope we made it pretty easy for you. Let us know by leaving a comment below!
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