Taxmann’s Cracker – Financial Management & Business Data Analytics (FMDA) (CMA-Inter) (New Syllabus) by Tarun Agarwal for Dec 2026 Exams – 7th Edition July 2026.

Financial Management & Business Data Analytics – CRACKER is a dedicated, exam-oriented title written specifically for Paper 11 of CMA Intermediate (Group II) under the ICMAI 2022 Syllabus. It is not a conventional textbook; it is a highly focused revision-and-practice companion that converts the entire syllabus into a structured, solved question bank. It is engineered to help students practice exactly the way marks are awarded in the examination.

The “Plan → Review → Practise” Methodology

This book is built around a highly effective three-step flow to maximize your exam score:

1. Plan (Analytical Tools): Build your strategy first using the 2023–2026 Module-wise Marks Distribution and Previous Exams Trend Analysis to identify high-yield areas.
2. Review (Tabular Summaries): Every chapter opens with ‘A Quick Review’—a crisp, at-a-glance recap of important definitions, key concepts, and formulae for rapid pre-exam recall.
3. Practise (Solved Question Bank): Drill through an extensive bank of past examination questions (up to June 2026) answered in full, examiner-style detail. Every question is explicitly tagged with its source sitting and mark value, with repeated questions highlighted to instantly signal frequently tested points.

Complete Syllabus Coverage (Paper 11)

The book covers the complete 100-mark syllabus across 11 chapters, perfectly mirroring the paper’s two-section split:

Section A — Financial Management

• Tools for Financial Analysis: Consistently the highest-scoring chapter (~25 marks average), covering comparative statements, ratio analysis, and fund/cash-flow analysis.
• Working Capital Management: Estimations and management of cash, receivables, and inventory (~17.6 marks).
• Capital Budgeting & Financing Decisions: Investment appraisal techniques (NPV, IRR) and leverage/capital structure decisions (~16.7 marks each).
• Other Key Topics: Fundamentals of FM, Institutions/Instruments in Financial Markets, and Sources of Finance.

Section B — Business Data Analytics

• Data Analysis and Modelling: The heaviest scorer in Section B, covering descriptive, diagnostic, predictive, and prescriptive analytics.
• Other Key Topics: Introduction to Data Science, Data Processing & Validation, and Data Presentation/Visualisation.

Full Mix of Question Types

To ensure complete exam readiness, the CRACKER provides a full mix of question formats. It includes Objective/MCQs, short and descriptive theory questions, and complex practical numerical problems. Crucially, all questions are tagged as Theory vs. Practical, allowing students to immediately know whether an item tests conceptual understanding or computational problem-solving.

About the Author

CA. Tarun Agarwal CA Tarun Ramgopal Agarwal is a distinguished All-India Rank Holder at all levels of the Chartered Accountancy exams, notably earning a Gold Medal in Financial Reporting in the CA Final. In 2010, he was honored as the best CA student in Gujarat for securing 1st Place in the CA Final in the state. He holds an impressive array of qualifications, including B.Com., CS, LL.B., CFA (Level 2), and FRM.

As a leading educationalist, CA Tarun founded Simply Shiksha Coaching Institute in Surat in 2013, dedicated exclusively to CMA students. With a decade of teaching experience, he has mentored over 25 All-India Rank Holders in CMA studies. He is a highly accomplished author with Taxmann Publications, having penned bestselling CRACKERs for Financial Accounting, Cost Accounting, FMDA, and Management Accounting.

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