CA Final Advanced Financial Management (AFM) Notes May 2025
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
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 2025
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.
Summary
In summary, the CA Final Advanced Financial Management Notes are an extensive study guide for chartered accountancy students, encompassing advanced financial management techniques and concepts. The notes give a thorough description of financial management principles, such as financial planning, financial analysis, and financial decision-making.
FAQs
What are CA Final Advanced Financial Management (AFM) Notes?
CA Final AFM Notes are in-depth study materials that aim at facilitating students' comprehension of important financial concepts, formulas, and problem-solving techniques that will be needed to write the CA Final AFM paper. The notes make tough topics easier to learn and prepare for effectively for examinations.
How do these notes help in exam preparation?
These notes summarize the extensive syllabus into short, simple-to-grasp points. They contain important formulas, concepts, and examples, making it easy for students to revise quickly and learn better, particularly during the last-minute exam preparation stage.
Are the notes according to the most recent ICAI syllabus?
Yes, the CA Final AFM Notes are updated on a regular basis to match the current ICAI syllabus, amendments, and exam patterns. This way, students are learning only relevant and current material that complies with current exam needs.
Are the beginners able to easily understand these notes?
Yes, these notes are designed to be student-friendly so that advanced financial ideas are within the reach of beginners. The students with fundamental knowledge of finance can easily use them and develop a strong base for learning complicated matters in AFM.
Do the notes include practical questions and solutions?
Yes, the notes include a variety of practical questions, illustrations, and detailed solutions. These help students apply theoretical concepts to real-world financial problems, enhancing their problem-solving and analytical skills for the exam.
Are these notes sufficient for self-study?
While coaching can be helpful, these notes are designed to be comprehensive enough for self-study. They cover all major topics with clear explanations, making it possible for dedicated students to prepare effectively without external help.
What are the main topics covered in the AFM notes?
The notes cover major topics such as capital budgeting, risk management, derivatives, forex management, mergers & acquisitions, and valuations. Each topic is explained with clarity and includes necessary formulas, examples, and diagrams where needed.
Do the notes include ICAI case study-based questions?
Yes, the notes incorporate ICAI-style case studies and practical scenarios. These help students prepare for the new exam format and develop the analytical thinking needed to tackle real-world financial decision-making questions.
In what format are the AFM notes available?
CA Final AFM Notes are usually available in PDF format for easy downloading and printing. Some providers may also offer physical copies or digital access through learning platforms, depending on the source.
Where can I get reliable CA Final AFM notes?
You can find reliable AFM notes on trusted educational websites, faculty pages, and CA coaching platforms. Always ensure the notes are from experienced educators and updated for the latest ICAI syllabus before relying on them for your studies.