CA Intermediate FM SM Books

The ICAI FMSM (Financial Management and Strategic Management) books are essential for CA Intermediate students. Provided by the Institute of Chartered Accountants of India (ICAI), these books cover everything you need to know.

The study material is designed to make learning easy and practical. It follows the latest syllabus and includes clear explanations, solved examples, and practice questions. Whether you’re exploring financial decision-making frameworks or delving into strategies for business growth, the FMSM study materials provide a structured and practical approach to learning.

These books are an indispensable resource for building a strong foundation in both financial principles and strategic management. With the help of this study material, students can effectively grasp key concepts, address challenging topics, and refine their problem-solving skills. With regular use, these resources help you prepare with confidence and perform your best in the CA Intermediate exams.

ICAI CA Intermediate FM SM Books PDF for May 2025 Exams

Book Name	PDF Download Link
FM – Module 1 Book	Download Now
FM – Module 2 Book	Download Now
SM Book	Download Now

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Chapter-Wise PDF of ICAI CA Inter FM SM Books for May 2025

Chapter	Unit
Section A: Financial Management
MODULE 1
Initial Pages
Chapter 1: Scope and Objectives of Financial Management
Chapter 2: Types of Financing
Chapter 3: Financial Analysis and Planning – Ratio Analysis
Chapter 4: Cost of Capital
Chapter 5: Financing Decisions – Capital Structure
Chapter 6: Financing Decisions – Leverages
MODULE 2
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Chapter 9: Management of Working Capital	Unit I: Introduction to Working Capital Management Unit II: Treasury and Cash Management Unit III: Management of Inventory Unit IV: Management of Receivables Unit V: Management of Payables (Creditors) Unit VI: Financing of Working Capital
Section B: Strategic Management
Initial Pages
Chapter 1: Introduction to Strategic Management
Chapter 2: Strategic Analysis: External Environment
Chapter 3: Strategic Analysis: Internal Environment
Chapter 4: Strategic Choices
Chapter 5: Strategy Implementation and Evaluation

Hopefully, you found the material we’ve provided helpful. You can download the CA Intermediate FM SM ICAI Books by clicking the links attached to the titles in the table of contents.

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Frequently Asked Questions (FAQs)

To help you navigate the FMSM subject and make the most of the ICAI study material, we’ve answered some common questions below:

Are the ICAI FMSM books enough for CA exam preparation?

Yes, the ICAI FMSM books are comprehensive and updated with the latest syllabus. However, you can refer to the best faculty’s study material and notes also, this will help you to get rank in your examinations.

What is the best method to utilize the ICAI FMSM books?

To make the most of the ICAI FMSM books, start by reading each chapter thoroughly, practicing the questions provided, and revising regularly. Also, attempt mock tests to assess your understanding of concepts.

Can I use additional reference books for FMSM preparation?

While the ICAI books are sufficient, you can refer to additional books for more practice or clarification. However, joining of the best CA Intermediate classes would help you to secure the best marks in your examination and the coaching classes will provide you with the top faculty’s books also.