CA Intermediate FM and SM Marks Weightage Notes For 2025

The CA Intermediate Financial Management (FM) and Strategic Management (SM) paper is a scoring subject under the New Scheme of ICAI. It is Paper 8 in Group 2 and carries a total of 100 marks, divided equally between FM (60 marks) and SM (40 marks). For students preparing for the upcoming exams, having a clear understanding of the chapter-wise marks weightage can help in smart study planning and time management.

Let us break down the marks weightage, important topics, and strategy to ace this paper.

Financial Management (FM) Weightage marks 

• Financial Plan and Strategy (20-25 marks): This subject includes financial planning, budget, and strategy construction. 
• Investment decision (15-20 marks): This sector focuses on capital budget, risk analysis, and investment assessment techniques. 
• Financing decision (15-20 marks): This subject belongs to the sources of finance, the cost of capital, and the sources of dividend policy. 
• Working Capital Management (10–15 marks): The field includes working capital financing, inventory management, and cash management.

Strategic Management (SM) marks the weightage

• Strategic Planning Process (20-25 marks): This subject covers the strategic planning process, including mission, vision, and purpose statements. 
• Strategic Analysis (15–20 marks): This area focuses on SWOT analysis, analysis of the five forces of Porter, and other strategic analysis tools. 
• Strategic options and implementation (20–25 marks): The subject relates to strategic options, including growth, stability, and trimmed strategies, as well as implementation and control. 
• Corporate Governance and Ethics (10–15 marks): The region covers corporate governance, business ethics, and social response.

Preparation Tips:

• Start with FM Practical Topics: Concepts like capital budgeting and cost of capital need consistent practice.
• Revise SM Regularly: Use flashcards or mind maps to revise theory.
• Mock Tests and RTPs: Solve ICAI RTPs, MTPs, and past year question papers to get an idea of question patterns.
• Use ICAI Modules: Stick to ICAI material for both FM and SM, as many questions are directly picked from them.
• Time Allocation: Dedicate 60% of your study time to FM and 40% to SM accordingly.