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CMA FINAL SINGLE GROUP STRATEGY

GROUP-3

JUNE-2025

CMA Final GROUP-3 :

1. Corporate & Economic Law (Paper 13)

2. Strategic Financial Management (Paper 14 - SFM)

3. Direct Tax Laws & International Taxation (Paper 17 - DT)

4. Strategic Cost Management (Paper 16 - SCM)

Challenges Faced by Working Students

 Limited Study Hours: Balancing work and studies is tough.

 Time Management Issues: Difficulty in covering the vast syllabus.

 Lack of Consistent Revision: Forgetting concepts due to long gaps in study.

Subject Wise Strategy:

1. Corporate & Economic Law (Paper 13):

✔ Refer to our handwritten book for conceptual clarity and easy revision.
✔ Improve answer presentation using legal terminology.
✔ Focus on past exam papers and MTPs

📌 RESOURCES:
✔ Our Handwritten Notes – Reference for conceptual clarity
✔ Question Bank (Either BCCA, Shivangi Agarwal, or Shubham Singhal: In Shubham Singhal QB
– It Contains past attempt questions, BCCA QB – Softcopy is available, If You have scanner then
you can go with scanner)
✔Institute MCQ Question Bank + Board book MCQs + Bulletins

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🎯 PRIORITY:

 CORPORATE LAW:
1. Companies Act:
➤ Ensure to cover Compromises, Investigation, and Prevention of Oppression chapters
thoroughly, as at least one question is expected from these.
➤ The remaining topics in the Companies Act should be studied completely without
skipping any sections.
2. Insolvency and Bankruptcy Code (IBC):
➤ Give special attention to key areas like the CIRP process, eligibility criteria,
applicability, time limits, and related parties of corporate debtors.
➤ Case law-based practical questions have been asked in recent exams, MTPs so focus
on understanding their application.
3. Corporate Governance, CSR & Sustainability:
➤ Since theory-based questions are unpredictable, ensure comprehensive coverage of
all topics.
➤ Focus on essential areas like 3Ps in sustainability, social responsibility schedules,
threshold criteria, corporate governance theories, and family business governance.

 ECONOMIC LAW:
1. SEBI:
➤ IPO Conditions – Understand the regulatory requirements.
➤ Insider Trading – Key provisions and penalties.
➤ Takeover Regulations – Important compliance aspects..
2. Competition Act:
➡ Covers broad concepts, but commonly tested topics include:
➤ Abuse of Dominant Position – Key cases and implications.
➤ CCI Committee – Structure and functions.
➤ Important Definitions – Terms like Cartel, Anti-competitive agreements.
➤ Threshold Limits – Understanding merger control regulations..
3. FEMA (Foreign Exchange Management Act):
➡ Cover all essential topics, including:
➤ Schedules & Provisions – Crucial for compliance.
➤ Automatic & Government Routes – Differences and applicability.
➤ FDI & Investment Regulations – Key conditions.
➤ Trade Credits, ECB (External Commercial Borrowings) – Procedural aspects.
➤ Liberalized Remittance Scheme (LRS) – Highly important for exams.

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4. Banking Laws:
➡ No specific priority topics, but key areas include:
➤ Banking Regulations – Fundamental provisions, Maintenance criteria
➤ Asset Reconstruction Companies (ARC)
➤ RBI's Role in Banking Supervision – Important guidelines.
5. Insurance Laws:
➡ Focus areas include:
➤ Basic Principles of Insurance – Core concepts.
➤ Insurance Regulations & Compliance – Exam-relevant provisions.
➤ IRDA (Insurance Regulatory and Development Authority) – Powers & functions.
6. MSME (Micro, Small & Medium Enterprises):
➡ Key considerations include:
➤ Definition & Thresholds – Criteria for classification.
➤ Delayed Payments & Date of Acceptance – Important regulatory aspects.
➤ Recent Developments – Stay updated with amendments..
7. Cyber Security:
➡ Cover all the topics
8. Prevention of Money Laundering Act (PMLA):
➡ Focus on:
➤ Process of Money Laundering – Stages & key mechanisms.
➤ Offenses & Penalties – Enforcement and consequences

2. Strategic Financial Management (Paper 14 - SFM) :

✔ Focus on Portfolio, Forex, and Derivatives (high-scoring areas).
✔ Memorize formulas through daily revision and practice.
✔ Solve past exam papers and ICAI study material questions

📌 RESOURCES :
✔ We are using Koushik Mukesh Sir’s Books as our primary study material.
✔ BCCA SFM is also a good reference.
✔ If preparing with CA AFM Books, they are more than sufficient.
✔ Along with these, practicing Past Attempt Papers & MTPs is essential for exam
readiness.
✔Institute MCQ Question Bank + Board book MCQs + Bulletins

🎯 Priority/Preferences:

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➤ Portfolio Management – 2×7M

➤ Derivatives – 2×7M
➤ Forex – 2×7M
➤ Mutual Funds – 1×7M
➤ Security Valuation (Shares & Bonds) – 2×7M
➤ ERP – 1×7M
➤ Capital Budgeting – 1×14M
➤ Leasing
➤ Theory Topics: Digital Finance & Securitization

3. Direct Tax Laws & International Taxation (Paper 17 - DT):

🎯 High-Priority Topics (Based on Weightage & MTP Trends)

 TDS & TCS (with Amendments)

 Assessment Procedures – For Individuals, Firms, Companies, and Trusts, ROI
(Case study-based Qs).
 Adv Tax, Adv Interest, Appeals, Search Seizure.
 Business Restructuring – Mergers, Demergers, Slump Sale (Always a 7M)
 International Taxation (Full) – DTAA, Equalization Levy, Transfer Pricing (Focusing more on
this).
 PGBP & Deductions – Allowable vs. Disallowable Expenses (MCQs & Practical Qs).
 Slab rate Qs, Exemptions, and normal provisions vs. default provisions.
📌 Must-Do:

 Solve past MTPs, RTPs & ICAI past papers – Most questions repeat in some variation!
 Keep summary notes & sticky notes for quick revision (Especially for amendments).

📌 RESOURCES :
✔ Bhanwar Borona Sir Books – Our primary resource(We are following).
✔ CA Final DT books – Better coverage, especially after seeing the latest MTP pattern.
✔ BCCA Bhaskar Sir Books – Also good if already using.
✔ Mock Tests/Test Series –recommended(If you are willing for experience) MCQs + Practical
exposure.
✔ Bhanwar Sir’s Revision Lectures – Follow every week for updates & quick revisions.
✔ Author Material for Amendments & Case Laws – Since recent MTP focused on
amendments, make sure to refer to updated notes.
✔ Must read every topic – from recent attempts and recent MTP (We can’t rely on specific

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topics)
✔Institute MCQ Question Bank + Board book MCQs + Bulletins

4. Strategic Cost Management (Paper 16 - SCM):

✔ Decision Making (OM Topic) is simple and good for quick revision.
✔ First focus more on Decision Making.
✔ Then move to Transfer Pricing, ABC, JIT, Standard Costing, and Marginal Costing, Basics and
TQM chapter(1 theory question is mandatory)

📌 RESOURCES :
✔ If you are following BCCA or any other books that’s fine! and also Board Material which is also
useful for the prep.
✔ SJC Institute books can be followed books
✔Masterminds marathon material for revision purposes.
✔Institute MCQ Question Bank + Board book MCQs + Bulletins

🎯 PRIORITY/PREFERENCES:
DM/OM Part:
➤ Network Analysis
➤ Simulation
➤ Demand Forecasting
➤ Maxima Minima
➤ Transportation & Assignment
➤ Learning Curve & Linear Programming
➤ Game Theory

SCM Part:
➤ Marginal Costing
➤ Standard Costing
➤ Transfer Pricing
➤ ABC & JIT
➤ Throughput & Target Costing
➤ ALC & PLC
➤ TQM (problems + theory) (Must)

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➤ Introduction Chapter (Theory) (Must)

➤ Relevant Costing

📌 MUST-DO REVISION

Make sure to go through the monthly student bulletins during your revision time. These
bulletins contain valuable MCQs, which are especially helpful for case-based questions in the
exams. In the last attempt, a similar case-based question appeared in the SPMBV subject, so it’s
definitely worth revising. You can find the monthly bulletins from January 2024 to March 2025
at the link below: Link : https://icmai.in/studentswebsite/E-Bulletin.php

Make sure to check them out and use them for your revision! 📚

📌 Smart Study Techniques

✅ Pomodoro Technique – Study 50 minutes, take a 10-minute break.

✅ Active Recall – Self-questioning and answering method.
✅ Writing Practice – Especially for Law & DT presentation.

For Working Students: Study Plan & Strategy

As working professionals, effective time management is crucial for your CMA Final preparation.
Here's a structured plan to optimize your study efforts:

📌 Daily Study Commitment:

 Aim for at least 4 hours per day: This can be split into 2 hours in the morning and 2
hours at night, or a full 4 hours at night, depending on your personal schedule.

 Utilize Sundays and holidays effectively: These days offer extended periods for
uninterrupted study. Avoid wasting these opportunities; instead, use them to reinforce
your learning and cover more ground.

📌 Revision Plan:

 First Revision (April 1st - May 10th):

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o Cover all main topics thoroughly.

o Practice problems on paper: Avoid mental calculations or over-reliance on

calculators. Writing out solutions enhances understanding and retention.

o If time-constrained, focus on solving representative problems for each model to

grasp various question types.

 Second Revision (May 11th - May 31st):

o Conduct a comprehensive review of all subjects.

o Engage in mock tests(MTPs) and practice with past exam papers to identify and
improve weak areas.

o If possible, aim for a third revision to further solidify your understanding.

📌 Final Preparation (June 1st - June 10th):

 June 1st - June 8th: Allocate 2 days per subject for focused revision.

 June 9th & 10th: Concentrate solely on Law, as it is the first exam.

 Maintain a calm and steady approach during these peak days. Ensure you revisit key
concepts and avoid last-minute cramming.

Additional Tips:

 Practice actively: Regularly working through problems on paper can significantly

enhance your problem-solving skills and exam performance.

 Prioritize rest and relaxation: Balancing study with adequate rest is essential for optimal
performance.

💪 Let’s execute this plan and ace the exam! 🔥

Non-Working Students:

 We've created our own study schedule as we're also beginning our preparation on April
1st. Feel free to check it out if you're interested! (Will attach the pdf in the next page)

Your duty is to study with dedication; success will follow. Stay focused and keep going! 📖
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CMA Final Group3 Schedule

Revisions Days … Per day
From 1st April :
Revision-1 24Days for each subject @6Days
Revision-2 20Days for each subject @5Days
Revision-3 16Days for each subject @4Days
📌 Disclaimer before Sharing the Schedule
This is the schedule we personally created based on our own study plan and preferences. Since many group
members have asked for a Group 3 preparation schedule, we are sharing this for those who might find it useful.

✅ How this schedule is structured:

---We planned 2 subjects per day – one theoretical and one practical/problematic, to balance the study load.(One
can change as per their wish)

---Right now, we are sharing the schedule only for the 1st revision.

---Once we complete the 1st revision, we will decide the topics for the next revision based on our progress.

---If you've already completed your conceptual understanding or classes, this plan might help you revise
effectively.

👉 If this approach suits you, feel free to follow it! Otherwise, adjust it to match your own study style.

Date LAW Date SFM

1st 2nd 3rd chp includng PORTFOLIO, SECURITY
1-Apr questions and mcqs 1-Apr VALUATION
PORTFOLIO, SECURITY
2-Apr 4th 2-Apr VALUATION
DERIVATIVES - OPTIONS &
3-Apr 5th and 6th (if) 3-Apr FUTURES
DERIVATIVES - OPTIONS &
4-Apr 6th 7th 8th 4-Apr FUTURES
5-Apr 9th IBC 5-Apr FOREX
6-Apr CG - THEORY 6-Apr FOREX
7-Apr SEBI 7-Apr ERP
8-Apr COMP 8-Apr LEASING
9-Apr FEMA 9-Apr CAP BUDG
10-Apr INSUR MSME PMLA 10-Apr SECURITIZATION
11-Apr BANKING CYBER 11-Apr DIGITAL Finance
12-Apr ICMAI Student Bulletiens 12-Apr ICMAI Student Bulletiens

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Date DT Date SCM

NETWORK ANALYSIS, DEMAND
13-Apr TRANSFER PRICING 13-Apr FORECASTING
14-Apr ROI, BLACKMONEY, ITAT 14-Apr SIMULATION, GAME
15-Apr DTAA, TDS 15-Apr TRANSPORTATION, ASSIGMENT
16-Apr NR 16-Apr LEARNING CURVE LINEAR
ADV RULING, ADV INTEREST,
17-Apr EQUALI LEVY 17-Apr DATA ANALYTICS, TP
18-Apr BASICS, BUSINESS RECONS 18-Apr BASICS THEORY, LIFE CYCLE
19-Apr ASS OF VARIOUS ENT 19-Apr ABC, JIT
20-Apr ASS OF VARIOUS ENT 20-Apr THROUGHPUT, TARGET
21-Apr PGBP - REFER MAIN 21-Apr TQM, MARGINAL
22-Apr PGBP - REFER MAIN 22-Apr TQM, MARGINAL
23-Apr TAX AVOID, GAAR, 23-Apr STANDARD
24-Apr APPEALS, SEARCH AND SEIZURE 24-Apr STANDARD & BULLETIEN

Your duty is to study with dedication; success will follow. Stay focused and keep going! 📖