{"id":3081,"date":"2023-10-28T00:26:30","date_gmt":"2023-10-27T18:56:30","guid":{"rendered":"https:\/\/shop.igpinstitute.org\/insight\/?p=3081"},"modified":"2025-08-20T12:27:31","modified_gmt":"2025-08-20T06:57:31","slug":"ca-final-afm-advanced-financial-management-old-vs-new","status":"publish","type":"post","link":"https:\/\/shop.igpinstitute.org\/insight\/ca-final-afm-advanced-financial-management-old-vs-new\/","title":{"rendered":"CA Final AFM (Advanced Financial Management) Old Vs New"},"content":{"rendered":"\n

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-<\/p>\n\n\n\n

    \n
  1. Strategic Financial Management (SFM) paper is now changed to Advanced Financial Management (AFM)<\/a><\/em><\/strong> paper.<\/li>\n\n\n\n
  2. Earlier there were 14 chapters. Now one chapter has been added, making it a total of 15.<\/li>\n\n\n\n
  3. MCQs for 30 marks is also a new addition to the paper whereas descriptive practical questions will come for 70 marks now.<\/li>\n<\/ol>\n\n\n\n

    Read Also: ICAI CA Final MTP (Mock Test Paper)<\/a><\/em><\/strong><\/p>\n\n\n\n

    Chapter Wise Changes in CA Final AFM<\/h2>\n\n\n\n
    CHAPTERS<\/strong><\/th>ADDITION<\/strong><\/th><\/tr><\/thead>
    1) Financial policy and corporate strategy<\/td>Advanced role of CFO in various matters including value creation<\/td><\/tr>
    2) Advanced capital budgeting decisions<\/td>New chapter<\/td><\/tr>
    3) Security analysis<\/td>Equity research and tools available<\/td><\/tr>
    4) Security valuation<\/td>-Precautions need to be taken by a valuer before accepting any valuation assignment.<\/td><\/tr>
    5) Portfolio management<\/td>Gold as alternative investment<\/td><\/tr>
    6) Securitization<\/td>-Risks in securitization -Tokenization<\/td><\/tr>
    7) Mutual funds<\/td>-Evaluation of mutual funds -Role of fund managers in mutual funds -Role of FIIs in mutual funds<\/td><\/tr>
    8) Derivatives analysis and valuation<\/td>-Exotic options -Credit derivatives -Real options -Weather derivatives -Electricity derivatives -Derivatives mishaps and lessons<\/td><\/tr>
    9) Foreign exchange exposure and risk management<\/td>-Role of SWIFT  in foreign exchange -National and international payment gateways -Popular derivative products<\/td><\/tr>
    10) International financial management<\/td>-International financial center(GIFT CITY) -Sovereign funds<\/td><\/tr>
    11) Interest rate risk management<\/td>Benchmark rates<\/td><\/tr>
    12) Business valuation<\/td>-Going vs non going concern -Valuation of Distressed companies Startups Digital platforms Consultancy  firms -Impact of ESG<\/td><\/tr>
    13) Mergers, acquisitions and corporate restructuring<\/td>-Unlocking the value through mergers and acquisitions and business restructuring -Special purpose acquisition companies<\/td><\/tr>
    14) Startup finance<\/td>-Succession planning in business -Unicorn<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    Read Also: How to Clear CA Exams with Exemptions in First Attempt?<\/a><\/em><\/strong><\/p>\n\n\n\n

    \n
    \n
    \n