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CA Final Paper 2

Advanced Financial Management - January 2026

Question Paper with Suggested Answers

Verified April 2026 Official ICAI Paper
Exam Paper
Total Marks:70
Questions:6
Exam:2026-January

Inside This Paper

Question 1

Company (AMC), launched 6 a dividend bonus scheme on 1* April 2019. The fund demonstrated strong performance over the years, Key events are as follows : ¢ On 30" September 2021, the fund declared a bonus of 1 : 4 (one bonus unit for every four existing units held). On 30% September 2023, a second bonus of 2 : 5 (two bonus units for every five existing units held) was declared. Ms. Investor made a lump-sum investment of % 25…

Question 2

(a) XYZ Ltd. has imported goods to the extent of US$ 8 Million. The Payment 6 terms are as under : (1) 1% discount if full amount is paid immediately, or (2) 60 days interest free credit. However, in case of a further delay up to 30 days, interest at the rate of 8% p.a. will be charged for additional | days after 60 days. XYZ Ltd. has % 25 Lakh available and for | Temaining it has an offer…

Question 5

“Global Steel Inc.” shows a period of contracting range, with lower highs and higher lows. The direction of the eventual price break is currently unclear. ¢ — Scenario 5 : “Sunrise FMCG Ltd.” exhibits a pattern where the price highs are consistently falling while the price lows are consistently rising, causing the trading range to narrow over time. Required : From the five scenarios described above, identify and name the specific technical price pattern being formed for any four. Mrs.…

Question 6

Ltd. wants to expand bus’ (10) iness outside India. For the project 6 installation US funds $ 14.775 Million are required. Company wants to raise money by issue of GDRs. Following information is available : a) Q) G) (4) G) (6) Required : Compute the number of GDRs to be issue 7 shares shall underly each GDR. GDR shall be priced at 7% discount to market price. Market Price of share is = 500 (Face Value & 100) per share.…

Question previews auto-extracted from the official ICAI paper. Full scanned pages below.

MCQ Questions & Answer Key
Part I MCQs from the actual exam with ICAI's official answer key
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Paper instructions (cover page)
Advanced Financial Management January 2026 - question paper cover and instructions

Part I – Case Scenario based MCQs (30 marks)

15 MCQs · 2 marks each. ICAI's answer key is printed on the last page, so try the questions before you scroll to it.

Show Part I pages (6)
Advanced Financial Management January 2026 - Part I case scenario MCQs, page 1Advanced Financial Management January 2026 - Part I case scenario MCQs, page 2Advanced Financial Management January 2026 - Part I case scenario MCQs, page 3Advanced Financial Management January 2026 - Part I case scenario MCQs, page 4Advanced Financial Management January 2026 - Part I case scenario MCQs, page 5Advanced Financial Management January 2026 - Part I case scenario MCQs, page 6
Show answer key
  1. Q1 (D)
  2. Q2 (A)
  3. Q3 (B)
  4. Q4 (B)
  5. Q5 (A)
  6. Q6 (D)
  7. Q7 (C)
  8. Q8 (B)
  9. Q9 (D)
  10. Q10 (B)
  11. Q11 (D)
  12. Q12 (A)
  13. Q13 (B)
  14. Q14 (B)
  15. Q15 (B)

Key as printed in ICAI's Suggested Answers (Part I answer table, answer booklet page 6); identical to the ICAI Examination Department key for booklet DFW1 (Set-A).

View:

Question 1 (14 marks)

Question

Advanced Financial Management January 2026 - Question 1, question page 1Advanced Financial Management January 2026 - Question 1, question page 2

Question 2 (14 marks)

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Advanced Financial Management January 2026 - Question 2, question page 1Advanced Financial Management January 2026 - Question 2, question page 2Advanced Financial Management January 2026 - Question 2, question page 3

Question 3 (14 marks)

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Advanced Financial Management January 2026 - Question 3, question page 1Advanced Financial Management January 2026 - Question 3, question page 2

Question 4 (14 marks)

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Advanced Financial Management January 2026 - Question 4, question page 1Advanced Financial Management January 2026 - Question 4, question page 2Advanced Financial Management January 2026 - Question 4, question page 3

Question 5 (14 marks)

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Advanced Financial Management January 2026 - Question 5, question page 1Advanced Financial Management January 2026 - Question 5, question page 2

Question 6 (14 marks)

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Advanced Financial Management January 2026 - Question 6, question page 1Advanced Financial Management January 2026 - Question 6, question page 2Advanced Financial Management January 2026 - Question 6, question page 3

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