CA Inter FM-SM Important Chapters for 2025 Exams
By Your Mentor — Inspired by CA Ashish Kalra Sir’s Style
Greetings to All CA Warriors!
Padhai mein consistency rakhoge to result bhi guarantee se milega.
Hello my dear CA Inter students,
This blog is specially for you all who are preparing for CA Inter FM-SM Exam (January, May, September 2025). Like always, I am here to simplify your preparation strategy and give you that extra edge in your exams.
Today we will discuss —
→ FM-SM ABC Analysis
→ Important Chapters
→ Marks-wise Weightage
→ Smart Study Plan
→ Latest ICAI Exam Pattern Analysis
Paper Pattern of CA Inter FM-SM (50 Marks FM + 50 Marks SM)
| Section | FM (50 Marks) | SM (50 Marks) |
|---|---|---|
| MCQ | 15 Marks Practical Based | 15 Marks Case Study Based MCQs |
| Descriptive | 35 Marks (Theory + Practical) | 35 Marks Descriptive Questions |
Join Now: CA Inter FM SM Classes Online & Offline
FM (Financial Management) — ABC Analysis
FM is a very scoring subject — Theory kam, Practical zyada.
Tip: FM ka pura Practical karke jaana because 15 marks MCQ is fully practical based + 35 marks descriptive also majorly practical.
FM — Category A (Must Do — Super Important)
| Chapter | Marks Trend | Remarks |
|---|---|---|
| Leverages | 10 Marks (Mostly) | Practically 10 Marks Ka Fix Hai, Har Attempt Mein Dikhta Hai Last 10 Attempts Analysis: 5 Marks in 3 Attempts & 10 Marks in 7 Attempts. |
| Capital Budgeting | 10 Marks (Mostly) | Rare 5 Marks, But 10 Marks Fixed Trend |
| Working Capital Management (WCM) | 10 Marks Mostly | Never Seen Less Than 9 Marks |
| Financial Statement Analysis (FSA) | 5-10 Marks | Mostly 5 Marks, Rarely 10 Marks Last 10 Attempts Analysis: 5 Marks in 7 Attempts & 10 Marks in 3 Attempts. |
FM — Category B (Important — Compulsory Question Favourite)
| Chapter | Marks Trend | Remarks |
|---|---|---|
| Dividend Decision | 5 Marks Mostly | Compulsory Question Favourite, Theory-Based Last 10 Attempts Analysis: 5 Marks in 8 Attempts, 4 Marks in 1 Attempt, & 0 Mark in 1 Attempt. |
| Capital Structure | 5-10 Marks | Compulsory Question Mein Dikhta Hai, 5-10 Marks Practical Last 10 Attempts Analysis: 10 Marks in 4 Attempts, 5 Marks in 5 Attempts, & 0 in 1 Attempt. |
| Cost of Capital | 5-10 Marks | 8 Out of 10 Attempts Mein Aaya Hai Last 10 Attempts Analysis: 10 Marks in 8 Attempts, & 5 Marks in 2 Attempts. |
FM — Theory — General Awareness
| Chapter | Marks Trend | Remarks |
|---|---|---|
| Scope & Objectives of Financial Management | 2-4 Marks | Last 10 Attempts Analysis: 1 Question 7 Attempts, & 0 Question in 3 Attempts. |
| Introduction to FM | 4-6 Marks | Theory Mein Se Kuch Na Kuch Zaroor Aata Hai Last 10 Attempts Analysis: 1 Question 7 Attempts, & 0 Question in 3 Attempts. |
Read Also: ICAI CA Intermediate MTP
SM (Strategic Management) — ABC Analysis
Strategic Management — Bahut Easy & Scoring Subject
Marks Range Always Between 8 to 12 Marks Per Chapter.
| Chapter | Remarks | Preparation Strategy |
|---|---|---|
| 1. Introduction to SM | Basic Concepts (Small Chapter) | Start Your Preparation From This Chapter |
| 2. Strategic Analysis | Easy (Medium Chapter) | After 4th chapter start this |
| 3. Strategic Implementation & Control | Practical Examples Based (Medium Chapter) | After 2nd chapter start this |
| 4. Corporate Level Strategies | Very Scoring (Small Chapter) | After first chapter start this. |
| 5. Functional Level Strategies | Simple Concepts (Big Chapter) | Do At The End After Completing Others |
Read Also: Which is Easier, Group 1 or Group 2 in CA Inter?
SM — Paper Pattern Analysis
→ MCQs: 15 Marks — Case Study Based
→ Descriptive: 35 Marks — Easy Concepts Based, Repeat Questions Possible
Final Study Tips — From Your Mentor
- FM — Practical Ko Strong Rakho (100% Practicals Complete Karke Jana)
- Theory — Compulsory Questions Mein Zaroor Dikhte Hain (FM Mein & SM Mein)
- SM — Pocket Book Revision Multiple Times + Writing Practice Must
- Descriptive Question — Do practice with the question bank with Writing Practice.
- Focus On ABC Analysis — Time Waste Na Karein Unimportant Topics Par
- Past Papers Analysis — At Least 5-6 Attempts Ko Properly Dekh Kar Study Karein
Read Also: Best Faculty for CA Intermediate Exams – Subject-Wise
Conclusion
CA Inter FM-SM is the Most Scoring Subject If Prepared Strategically.
Exam Mein Selection Zyada Important Hai — Smart Work + Consistency = Result Guaranteed!
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