CA Final Advanced Financial Management (AFM) Notes Jan 2026
Download updated CA Final Advanced Financial Management Notes 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 Jan 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 Jan 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 for the Jan 2026 attempt?
These notes are structured study resources created to simplify the entire AFM syllabus for the January 2026 attempt. They include chapter summaries, formulas, concepts, illustrations, and exam-focused explanations that help students revise quickly without missing important areas.
Why should students use AFM notes instead of only relying on the ICAI module?
ICAI modules are detailed but lengthy, so students often struggle with last-minute revision. AFM notes condense each topic into crisp explanations, highlight high-weight chapters, and make complex theories easier to remember. They act as a quick reference tool during final preparation.
What is the main benefit of using AFM notes during revision?
The biggest benefit is that they save time by presenting important formulas, concepts, and practical approaches in a simplified manner. Students can revise an entire chapter in minutes, helping them stay confident and organised throughout the January 2026 exam preparation.
Are the AFM notes helpful for solving practical questions and case studies?
Yes, these notes usually include solved illustrations, shortcuts, and structured steps for dealing with numerical questions. They also provide conceptual frameworks that help students analyse case studies more effectively, which is a crucial part of the CA Final AFM exam.
How do AFM notes support time-bound exam preparation for Jan 2026?
AFM is extensive, so notes help students revise faster by focusing only on concepts that repeatedly appear in exams. They reduce confusion, cut down revision time, and make it easier to allocate enough practice hours to high-priority chapters before January 2026.
Are AFM notes suitable for students preparing both groups in January 2026?
Yes, these notes are designed to help students who have limited time due to both-group preparation. They simplify long chapters, minimise reading load, and allow efficient revision without compromising the conceptual clarity required for scoring well in AFM.
Can AFM notes help beginners who find the subject difficult?
The AFM is concept-heavy, and beginners often feel overwhelmed. Notes break down complex theories into simple language, give relatable examples, and provide a step-by-step approach to solving questions, making the subject much more approachable for first-time learners.
What type of content should the ideal AFM notes contain?
The most effective notes include concept highlights, chapter flowcharts, solved illustrations, unsolved practice questions, marking-wise priority lists, common exam-level mistakes, and summary tables. These allow students to revise quickly while still retaining conceptual depth.
How often should AFM notes be revised before the January 2026 exam?
It’s recommended to revise them at least two to three times. A thorough reading before starting mock tests, followed by revisions in the last 10–15 days, helps students strengthen retention and improve accuracy in practical questions.
Are AFM notes helpful for students attempting the exam after a long gap?
Definitely, students returning after a break often need quick revision tools to rebuild confidence. AFM notes refresh concepts in an organised manner, help bridge conceptual gaps, and give a structured approach to restarting preparation smoothly.
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