Commercial’s Financial Accounting (CMA Inter) – (New Syllabus) by CMA G.C. Rao for June 2026 Exam – 3rd Edition Reprint 2025.

Summary Part of the CMA Knowledge Series, the 3rd Edition (Reprint 2025) of Financial Accounting (CMA INTER – Group 1, Paper 06) by FCMA Govada Chalapathi Rao (G.C. Rao) is a comprehensive and reliable reference. Updated strictly in line with the New Syllabus 2022 prescribed by ICMAI, it is perfectly tailored for students preparing for the December 2025 and June 2026 examinations.

Key Exam Features

• Structured Format: Presents the subject matter in an examination-oriented format, covering theory, concepts, and practical problems exactly as prescribed.

• Clear Working Notes: Provides step-by-step solutions with supporting calculations to ensure conceptual mastery.

• Targeted Practice: Offers a “Bit-bank” question format for rapid, last-minute revision, alongside a compilation of past examination questions with suggested answers.

Complete Syllabus Coverage (Paper 6)

This edition spans the full scope of Financial Accounting, including:

• Accounting Standards (Overview and Application for CMA Inter)

• Final Accounts of Companies (as per Schedule III of the Companies Act, 2013)

• Partnership Accounts (Dissolution, Amalgamation, Conversion, and Sale to a Company)

• Branch and Departmental Accounts

• Accounting for Special Transactions (Bills of Exchange, Consignments, and Joint Ventures)

• Hire Purchase and Instalment Systems

• Accounting for Non-Profit Organisations

• Incomplete Records and Single Entry System

• Fundamentals of Accounting for Service Sector and Banking Companies

Who Should Buy This Book?

• CMA Inter Students aiming for a syllabus-accurate, exam-ready guide for Group 1.

• Coaching Centres & Faculty requiring structured, easy-to-teach material.

• Professionals upgrading their accounting knowledge for CMA certification.

About the Author: FCMA G.C. Rao

G.C. Rao is a Commerce graduate and a Fellow Member of the Institute of Cost Accountants of India. He secured the All India 12th Rank in CMA Inter and 16th Rank in CMA Final. As the lead faculty at G.C. Rao Academy and a visiting faculty at the ICAI Bangalore Chapter, his areas of specialization include Financial Accounting, Cost Accounting, Financial Reporting, and Strategic Financial Management.

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