Official ICAI · Paper 6 · 6 sessions

ICAI CA Intermediate (Group 2) — Financial Management & Strategic Management Past Papers & Suggested Answers

Every published exam session for Financial Management and Strategic Management (Section A: Financial Management; Section B: Strategic Management), newest first — with direct links to ICAI's own Suggested Answer, Examiner Comments and Question Paper PDFs. Most recent: January 2026.

Paper 6 100 marks 3 hours 70% descriptive · 30 marks of case-scenario MCQs

Full CA Intermediate (Group 2) exam guide

Every Financial Management & Strategic Management exam session

6 of 6 have an official Suggested Answer

What Financial Management & Strategic Management covers

The 16 chapters ICAI examines in this paper under the New Scheme. Every past paper above is set from this syllabus.

1 Section A - Financial Management (50 marks):
2 Scope and Objectives of Financial Management
3 Types of Financing
4 Financial Analysis and Planning — Ratio Analysis
5 Cost of Capital
6 Financing Decisions — Capital Structure
7 Financing Decisions — Leverages
8 Investment Decisions
9 Dividend Decision
10 Management of Working Capital
11 Section B - Strategic Management (50 marks):
12 Introduction to Strategic Management
13 Strategic Analysis: External Environment
14 Strategic Analysis: Internal Environment
15 Strategic Choices
16 Strategy Implementation and Evaluation

Official ICAI study material for this paper

Reading the answer isn't the same as writing one.

Attempt a real Financial Management & Strategic Management question and get ICAI step-marked AI feedback in under a minute, or drill this paper's objective section in timed MCQ mode.