CA Final Advanced Financial Management (AFM) Notes May 2026
Download updated CA Final Advanced Financial Management Notes for May 2026 covering key concepts, benefits, and case studies. Perfect for exam prep and self-study.
Table Of Content
The CA Final Advanced Financial Management Notes is a complete study material for chartered accountancy students, which covers advanced financial management concepts and techniques. Notes provide a detailed interpretation of financial management principles, including financial plans, financial analysis, and financial decision-making.
The CA Final is the AFM CA Final course, Advanced Financial Management Paper 2. It is one of the most attractive papers to get good marks or discounts. The CA Final AFM paper aims to develop the skills of various financial means and principles and help in management with some strategic plans for expansion and increasing capital.
CA Final Advanced Financial Management Notes & Study Material For May 2026
The study material contains the original material of all chapters in the course. We have included the study material for Paper 2 of the CA final below. You can download it and use it while preparing for the exam.
| Module 1 | Details |
| Chapter 1: Financial Policy and Corporate Strategy | Download |
| Chapter 2: Risk Management | Download |
| Chapter 3: Advanced Capital Budgeting Decisions | Download |
| Chapter 4: Security Analysis | Download |
| Chapter 5: Security Value | Download |
| Chapter 6: Portfolio Management | Download |
| Chapter 7: Securitization | Download |
| Chapter 8: Mutual Funds | Download |
| Chapter 9: Derivatives Analysis and Valuation | Download |
| Chapter 10: Foreign Exchange Exposure and Risk Management | Download |
| Chapter 11: International Financial Management | Download |
| Chapter 12: Interest Rate Risk Management | Download |
| Chapter 13: Business Value | Download |
| Chapter 14: Mergers, Acquisitions and Corporate Restructuring | Download |
| Chapter 15: Startup Finance | Download |
CA Final Advanced Financial Management Chapter-wise Marks-Weightage May 2026
ICAI has given weightage to special chapters according to their implications for the level of real-world and difficulty. Students should plan and prepare for the examination according to the weightage of subjects and break the chapters accordingly.
| Chapter | Topics | Weightage |
| Chapter 1-2 | Chapter 1: Financial Policy and Corporate Strategy Chapter 2: Risk Management |
5%-10% |
| Chapters 3-5 Chapters 9-11 |
Chapter 3: Security Analysis Chapter 4: Security Valuation Chapter 5: Portfolio Management Chapter 9: Foreign Exchange Exposure and Risk Management Chapter 10: International Financial Management Chapter 11: Interest Rate Risk Management |
20%-30% |
| Chapters 6-8 | Chapter 6: Securitization Chapter 7: Mutual Funds Chapter 8: Derivatives Analysis and Valuation |
20%-25% |
| Chapters 12-13 | Chapter 12: Corporate Valuation Chapter 13: Mergers, Acquisitions and Corporate Restructuring |
10%-15% |
| Chapter 14 | Chapter 14: Startup Finance | 5%-10% |
Benefits of CA AFM Notes
CA final advanced financial management notes provide many benefits to students, including.
- Extensive coverage: Notes provide wide coverage of advanced financial management concepts and techniques.
- Detailed explanation: Notes provide a detailed interpretation of complex financial management concepts, making them easier for students to understand and apply in practice.
- Practice Questions and Examples: Notes include practice questions and examples to help students apply their knowledge and develop problem-solving skills.
How to Use CA Final Advanced Financial Management Notes
Students should do the following to maximize their learning from the CA Final Advanced Financial Management Notes:
- Read the Notes Carefully: Students should pay close attention to the notes, emphasizing key ideas and equations.
- Practice Questions and Examples: To apply their knowledge and hone their problem-solving abilities, students should practice questions and examples.
- Review Frequently: To strengthen their comprehension and memory of the material, students should go over their notes frequently, preferably once a week.
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FAQs
What are the CA Final Advanced Financial Management Notes May 2026?
CA Final Advanced Financial Management Notes May 2026 are structured study materials covering theory, formulas, illustrations, and practical problems. These notes are designed to simplify complex concepts and help students prepare effectively for the final-level AFM paper.
Why are AFM notes important for the CA Final May 2026 attempt?
AFM is a scoring yet technical subject. Good notes help organise concepts, formulas, and techniques clearly, enabling students to practice more questions and revise efficiently before the May 2026 CA Final examination.
Can CA Foundation students use AFM notes?
CA Foundation students should focus mainly on basic financial management concepts. However, simplified sections from CA Final AFM notes can help them understand real-world applications and develop an early interest in advanced finance topics.
What topics are covered in CA Final Advanced Financial Management Notes May 2026?
These notes generally include capital budgeting, risk analysis, derivatives, forex management, portfolio management, business valuation, and financial services, along with updated illustrations and exam-oriented problem sets.
Do AFM notes include practical questions for May 2026?
Yes, quality CA Final Advanced Financial Management Notes May 2026 contain solved examples, practice questions, and past-exam problems. This helps students understand application-based questions and improve calculation speed and accuracy.
How should CA Final students use AFM notes during preparation?
Students should first study concepts from notes, then solve illustrations, and finally practice additional questions. Regular revision of formulas and techniques from notes improves confidence for the May 2026 AFM exam.
Are these notes aligned with the latest CA syllabus?
Reliable CA Final Advanced Financial Management Notes May 2026 are prepared strictly as per the latest ICAI syllabus and include recent amendments, ensuring students study only relevant and updated content.
Can AFM notes help in quick revision before exams?
Yes, well-structured notes summarise key concepts, formulas, and shortcuts. They are extremely useful for last-week revision when students need to revise the entire syllabus in a limited time.
Do AFM notes cover both theory and numerical concepts?
Yes, CA Final AFM notes include both theoretical explanations and numerical problem-solving methods. This balanced approach helps students handle descriptive as well as practical questions in the exam.
Are self-prepared notes better than market notes for AFM?
Self-prepared notes are usually better because they match your understanding style. However, combining your notes with reliable CA Final Advanced Financial Management Notes May 2026 ensures coverage of all important topics and exam trends.
