Ultimate 1.5-Day CA Inter FM SM Planner by CA Ashish Kalra Sir

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In light of the ICAI’s announcement, the CA Intermediate Group 2 FM & SM Exam, originally scheduled for 14th May 2025, has been officially rescheduled to 24th May 2025. This shift gives students extra preparation time – a valuable opportunity to strategically revise and maximize performance.

But remember:

This is not a new update – ICAI has already shared this revised schedule. This planner is solely intended to guide you on how to make the most of your available time – from the evening after the Audit exam on 22nd May, through the whole day of 23rd May, and the morning hours before the FM-SM exam on 24th May.

Table of Contents

Let’s Break It Down: What You Have in Hand

22nd May: Audit exam till afternoon → Time available from evening
23rd May: Full revision day for FM & SM
24th May (Exam Day): Morning hours for final revision & overview

Complete Time Table for FM & SM – Based on Ashish Kalra Sir’s Advice

22nd May – Post Audit Exam (Evening Study Plan)

Time Available: 7:30 PM to 12:00 AM

Focus on FM – Category A Chapters

These chapters are high-weightage and should be prioritized first.

Time Slot	Topics
7:30 – 9:30 PM	– Leverages (Highly Scoring – 5–10 Marks) – Capital Budgeting (Usually 10 Marks)
9:30 – 12:00 AM	– Ratio Analysis (5–10 Marks) – Working Capital Management (Almost 10 Marks every time)

Pointers:

These chapters have 100% attendance in past exams.
Use pocket book or video playlist by Sir if you need guidance.
Do theory and objective points only if time permits.
Don’t overspend time – keep it compact and practical.

Sleep by 12:00 AM to ensure 7 hours of rest.

Read Also: ICAI CA Intermediate MTP

23rd May – Full Revision Day

“Don’t try to cram, revise patiently and go through question banks.” – Ashish Kalra Sir

FM – Category B Chapters & Theory

Time: 7:30 AM – 2:15 PM

Time Slot	Topics
7:30 – 9:45 AM	– Cost of Capital – Capital Structure – Dividend Decisions (Total: 15 Marks combined)
9:45 – 10:15 AM	BREAK – Breakfast & Refresh
10:15 – 2:15 PM	– Theory of FM: ▪ Chapter 1: Scope & Objectives ▪ Types of Financing (For last question options – Very Important!)

Use 4 hours wisely for theory. Focus on concepts, not just mugging.

Lunch Break & Mental Refresh

Time: 2:15 PM – 2:45 PM

Light lunch
Positive self-talk or speak to friends/mentors/family

SM (Strategic Management) Full Coverage

Time: 2:45 PM – 11:45 PM

Time Slot	Topics
2:45 – 4:00 PM	– Chapter 1: Introduction to SM (Easy – 15 min) Break: 15 min
4:15 – 5:45 PM	– Chapter 2: Strategic Analysis (Give 1.5 hrs)
6:00 – 7:30 PM	– Chapter 3: Strategic Planning
7:45 – 9:15 PM	– Chapter 4: Formulation and Implementation of Strategy
9:45 – 11:45 PM	– Chapter 5: Reaching Strategic Edge (Also important for MCQs)

Pointers:

Use compact book + question bank only.
Don’t stress if you can’t memorize – understanding is key.
Focus on MCQ-heavy areas in Chapter 4 & 5.

Sleep from 12:00 AM to 6:45 AM – full 7 hours rest is crucial.

24th May – Exam Day Final Overview

Time: 6:45 AM – 10:00 AM

Time Slot	Task
6:45 – 7:15 AM	Wake-up & get fresh
7:15 – 8:45 AM	FM – Final Pocket Book Revision (All concepts overview)
8:45 – 9:15 AM	Breakfast
9:15 – 10:00 AM	SM – Quick Reading of Compact Book (Chapter-wise 1-5)

Ashish Kalra Sir’s Final Tips

MCQs First – Try to finish FM & SM MCQs in 30–35 minutes, maximum 45 minutes
Attempt what you know FIRST – Gain confidence and secure marks
Read all questions TWICE before answering – Avoid silly mistakes
Stay Calm & Positive – You’ve prepared well, trust your revision
Talk to yourself or positive people – Energy matters before an exam!

Join Now: CA Intermediate FM SM Fast Track, Exam Oriented, and Regular Batches

Final Words from Kalra Sir:

“Make your parents proud, your teachers proud, and most importantly – make yourself proud by giving your absolute best. Jo aata hai usi par focus karo – baaki exam mein click ho jaayega. Best wishes from my side – lots of love!”