Taxmann’s Cracker – Strategic Financial Management (SFM) (CMA-Final) (New Syllabus) by Tarun Agarwal for Dec 2026 Exams – 3rd Edition July 2026.

Strategic Financial Management (Paper 14) is a highly quantitative and conceptually rigorous pillar of the CMA Final (Group III). Rather than functioning as a bulky first-read textbook, Taxmann’s CRACKER is built purely for the phase of preparation that determines your results: practice, revision, and answer writing under exam conditions. This 3rd Edition (July 2026) condenses the entire 2022 Syllabus into a disciplined, question-driven format, boasting over 500 fully solved past-examination questions meticulously answered by CA. Tarun Agarwal.

Designed for Exam-Condition Revision

The book follows a consistent, revision-friendly architecture from start to finish, engineered around a deliberate “plan → revise → practise → test” sequence:

• Strategic Front Section: Before opening a chapter, students get a data-backed map of the syllabus. The Module-wise Marks Distribution and Previous Exams Trend Analysis show exactly which modules matter most and how they have been examined historically.

• Quick Review Summaries: Every one of the 17 modules opens with a crisp, tabular recap of its important concepts, definitions, and formulae—ideal for last-mile revision.

• Categorized Question Bank: Past questions are organized into Objective Questions (including MCQs), Theory Questions, and Numerical Questions, perfectly mirroring the structure of the actual paper.

• End-of-Book Solved Papers: The December 2025 and June 2026 papers are reproduced with complete suggested answers and rearranged module by module, allowing you to benchmark your preparation.

Syllabus Coverage & High-Yield Practice Areas

The book covers all 17 modules of the Syllabus 2022 in the same sequence as the official ICMAI study material, delivering concentrated practice where it counts:

• Financial Derivatives (Module 13): The heaviest practice area with ~97 solved questions covering forwards, futures, options, swaps, and Black-Scholes pricing.

• Portfolio Theory & Practice (Module 8): ~71 solved questions tackling expected return, risk, Markowitz diversification, and beta.

• Investment Decisions & Capital Budgeting (Module 1): ~50 solved questions on NPV, IRR, modified IRR, and capital rationing.

• Mutual Funds (Module 7): ~40 solved questions on NAV computation, fund types, and performance evaluation.

Who Should Buy This Book?

• CMA Final Candidates: The ultimate practice-and-revision tool for students preparing for the Paper 14 (Group III) examinations targeting the Dec 2026 and June 2027 sittings.

• Coaching Institutes & Faculty: A highly structured, question-driven resource for setting mock exams and guiding intensive classroom practice.

About the Author

CA Tarun Ramgopal Agarwal is a distinguished All-India Rank Holder across all levels of the Chartered Accountancy exams, earning a Gold Medal in Financial Reporting in the CA Final. Holding multiple prestigious qualifications including B.Com., CS, LL.B., CFA (Level 2), and FRM, he is widely recognized as a leading educationalist.

In 2013, he founded Simply Shiksha Coaching Institute in Surat, dedicated exclusively to CMA students. With ten years of teaching experience spanning accounts, direct taxation, costing, and financial management, CA. Tarun has mentored over 25 All-India Rank Holders in CMA studies. He is an accomplished author of numerous CMA Intermediate and Final CRACKERs published by Taxmann.

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