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 STRATEGIC COST MANAGEMENT
Question Number CHAPTER NAME Question No. Source Page Number Topic

2 Decision Making Illustration 10 ICMAI MAT 103 Shut Down

Evaluation of offer - relevant cost of material, labour,
Illustration 32 ICMAI MAT 168 machinery, oh
Illustration 15 ICMAI MAT 113 Fixation of Selling Price
Illustration 3 ICMAI MAT 87 Limiting Factor Analysis & optimum mix - shadow price
Illustration 12 ICMAI MAT 107 Make or Buy and Evaluation of alternatives
2 June 25 Relevant Costing - Airlines
Example 2 ICMAI MAT 135 Revised Labour & OH budget and Lowest price
4(a) June 23 - Relevant Costing
2 June 24 - Subcontracting

3(a) Transfer Pricing Illustration 20 ICMAI MAT 144 Minimum Transfer Price with key factor
Illustration 19 ICMAI MAT 142 Transfer Pricing - maximum profit
Illustration 21 ICMAI MAT 146 Transfer Pricing - different capacity levels
Illustration 22 ICMAI MAT 149 Transfer Price - Shared Profit, Market Price

3(b) Decision Making Illustration 41 ICMAI MAT 189 Target Costing

Illustration 43 ICMAI MAT 191 Target Labour Time
Illustration 46 ICMAI MAT 196 Target Costing - target no of supervisors
Illustration 52 ICMAI MAT 216 Asset life cycle costing - when should be replaced
Illustration 56 ICMAI MAT 232 Decision Making using probability

4(a) Activity Based Management Illustration 6 ICMAI MAT 272 ABC vs Conventional
4(a) Dec 24 ABC vs absorption costing
Illustration 7 ICMAI MAT 276 ABC - comparative statement
Illustration 14 ICMAI MAT 298 Throughput Accounting
Illustration 17 ICMAI MAT 304 Throughput accounting - evaluation of alternatives
Illustration 13 ICMAI MAT

e297 Throughput Accounting

4(b) Introduction to SCM (Theory)

ut
ICMAI MAT 7 Elements in Porter Value chain
ICMAI MAT 24 Phases of Value Analysis
ICMAI MAT 27 Business Process Reengineering
ICMAI MAT 32 Importance of Supply chain management
t
ICMAI MAT 8 Steps in developing value chain
sti

ICMAI MAT 58 Lean Accounting and Principles

ICMAI MAT 65 Six Sigma - DMAIC and DMADV

5 Variance Analysis Illustration 6 ICMAI MAT 375 Material Variances

In

Illustration 4 ICMAI MAT 366 Reconciliation of profit

Illustration 22 ICMAI MAT 400 Reconciliation of profit
5 Dec 24 Reconciliation of profit
5(a) June 23 Traditional, Planning and Operating Variances
Illustration 15 ICMAI MAT 387 Target sales and margin
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6(a) Assignment/LPP/Transportation q3 ICMAI MAT 545 Assignment - salesman - maximize total sales
Illustration 7 ICMAI MAT 530 Assignment - Travelling salesman
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q5 ICMAI MAT 546 Assignment - Airlines Idle Time

Illustration 2 ICMAI MAT 427 Formulation of LPP - transportation
Illustration 2 ICMAI MAT 427 Multiple Process Accounts
Illustration 12 ICMAI MAT 452 Primal and dual LPP
Illustration 7 ICMAI MAT 494 VAM - unbalanced - minimization of total cost

6(b) Simulation CNP 1 ICMAI MAT 596 Cars waiting and empty spaces
CNP 2 ICMAI MAT 596 Pump Service Line and Pb of idle
CNP 4 ICMAI MAT 598 Ordering Books

7(a) Network Analysis Illustration 4 ICMAI MAT 613 Amount of bid using PERT
CNP 4 ICMAI MAT 634 Crashing
Illustration 1 ICMAI MAT 633 Float
7 June 25 Pb of completion and updation

7(b) Learning Curve Illustration 4 ICMAI MAT 648 Initial and repeat order cost
Illustration 6 ICMAI MAT 659 Changes made by customer
10(a) June 23 Learning Rate

8(a) Maxima and Minima Illustration 2 ICMAI MAT 664 Minimization Problem
Illustration 6 ICMAI MAT 670 Multi Plants
Illustration 7 ICMAI MAT 671 Multi Markets
CNP 1 ICMAI MAT 680 Multi Products
or
Game Theory Illustration 1 ICMAI MAT 555 Mixed Strategy
Illustration 2 ICMAI MAT 556 Transpose
Illustration 4 ICMAI MAT 559 Matrix preparation
9a June 23 Payoff Matrix

8(b) Business Forecasting Models Illustration 1 ICMAI MAT 688 Method of Least Squares - Casual relationship
Illustration 4 ICMAI MAT 697 Moving Average Trend - Even Period

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 Illustration 9 ICMAI MAT 706 Quarterly Sales Indices - Linear equation
CNP 5 ICMAI MAT 718 Two types of Regression Equation

9 practical MCQs and 6 theory MCQs

Decision Making 3
Introduction to SCM 1
Quality Cost Management 1
Activity Based Management 1
Learning Curve 1
Data Analytics 2
Variance Analysis 1
Network Analysis 1
simulation 1
Maxima & Minima 1
Assignment / Transportation / Business
Forecasting Models 1
Game Theory 1

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 STRATEGIC FINANCIAL MANAGEMENT
Question Number CHAPTER NAME Question No. Source Page Number Topic

2(a) Capital Budgeting Illustration 20 ICMAI MAT 35 Inflation adjusted NPV

Illustration 27 ICMAI MAT 47 Replacement and Independent Evaluation
Illustration 29 ICMAI MAT 50 Replacement - 3 machines
Illustration 34 ICMAI MAT 59 Replacement
Illustration 35 ICMAI MAT 60 Working Capital

2(b) Leasing Illustration 8 ICMAI MAT 140 Lease vs Buy

Illustration 16 ICMAI MAT 150 Lease Rental - beginning of the year
Illustration 4 ICMAI MAT 155 Lease vs Buy, Rental

3(a) Risk Analysis in Capital Budgeting Illustration 11 ICMAI MAT 88 Decision Tree
Illustration 13 ICMAI MAT 93 Sensitivity Analysis
Illustration 18 ICMAI MAT 102 Expected NPV and Std Deviation

3(b) Equity Valuation Illustration 8 ICMAI MAT 256 Three stage growth model
Illustration 8 ICMAI MAT 273 Two stage model
Illustration 11 ICMAI MAT 275 Various situations
Illustration 3 ICMAI MAT 282 Two stage model

4(a) Bond Valuation Illustration 13 ICMAI MAT 266 Pricing of Semi Annual Coupon Bond
Illustration 15 ICMAI MAT 268 YTC and YTM
Video Link 1 ICMAI MAT 293 Forward Rates from ZCB
Video Link 4(a) Dec 23 Convertible Bond
4(a) June 24 Convertible Bond
4(a) Dec 24 Convertible Bond
4(a) June 25 Convertible Bond

4(b) Mutual Fund Illustration 3 ICMAI MAT 322 NAV for 3 years
Illustration 8 ICMAI MAT 331 Treynor Ratio
Illustration 5(a)
Illustration 9
ICMAI MAT
ICMAI MAT

e 339
341
Open End Fund with load
Effective Yield Calculation
Illustration 12 ICMAI MAT
ut 344 Units, NAV, Yield, No. of days held
Illustration 13 ICMAI MAT 345 Dividend Equalisation Effect
Illustration 14 ICMAI MAT 347 Return, growth in NAV
Illustration 15 ICMAI MAT 348 Evaluation of Options using HPR
t
Solved Case 1 ICMAI MAT 351 Annual rate of return
sti

5(a) and 5(b) Portfolio Management Illustration 5 ICMAI MAT 379 Return and Risk of Investment
Illustration 4 ICMAI MAT 406 Corner Theory - Portfolio
Q3 ICMAI MAT 439 Modifying Portfolio Beta
Illustration 13 ICMAI MAT 417 Beta, SR, USR
In

Illustration 14 ICMAI MAT 419 Characteristic Line

Illustration 19 ICMAI MAT 424 Variance using Sharpe Index and MPT
Illustration 16 ICMAI MAT 497 Arbitrage pricing theory

6(a) Derivatives - Futures Illustration 10 ICMAI MAT 598 Theoretical Futures Price
C

Illustration 13 ICMAI MAT 602 Cash and Carry Arbitrage

Illustration 16 ICMAI MAT 609 Cross Hedge
Illustration 17 ICMAI MAT 610 Choice of Cross Hedge
Illustration 18 ICMAI MAT 612 Perfect vs Imperfect Cross Hedge
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Illustration 23 ICMAI MAT 623 Future Rate Available vs Not Available

Q6(a) CA Final May 25 AFM Margin Account

6(b) Derivatives - Options Illustration 41 ICMAI MAT 651 Put Call Parity
Illustration 42 ICMAI MAT 652 Single Period Binomial
Illustration 43 ICMAI MAT 653 Two Period Binomial
Illustration 58 ICMAI MAT 674 Valuation Using Delta Method

Swaps Illustration 69 ICMAI MAT 695 Fixed to Floating - Gain Shared

Example 1 ICMAI MAT 702 Credit Default Swap

Interest Rate Derivatives Illustration 75 ICMAI MAT 707 FRA

Illustration 78 ICMAI MAT 713 Interest Rate Cap and Floor

7(a) Foreign Exchange Risk Management Illustration 5 ICMAI MAT 768 Triangular arbitrage
Illustration 1 ICMAI MAT 818 Modification of Fwd Contract - Delay by Bank
Illustration 6 ICMAI MAT 826 Net Exposure and Offsetting
7a June 24 Pay or Avail Credit
7a December 23 Investment Analysis
6b CA Final Sep 25 Export Receivables - Leading

7(b) Foreign Exchange Risk Management Illustration 5 ICMAI MAT 823 Hedging using Various Methods
Illustration 7 ICMAI MAT 827 Money Market Cover - Receivables and Payables
7b December 24 Appreciation and Depreciation

8(a) Digital Finance ICMAI MAT 718 Traditional vs digital Finance

ICMAI MAT 719 Benefits of digital finance
ICMAI MAT 721 Components of Digital Infrastructure
Advantages & disadvantages of digital
ICMAI MAT 727 finance
ICMAI MAT 728 Benefits of neobanks
ICMAI MAT 733 Fintech laws and regulations in India

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 Advantages & Disadvantages of
ICMAI MAT 725 Cryptocurrency

8(b) International Financial Management 8(b) Dec 24 Lending schemes of IMF

8(b) Dec 23 Major initiatives taken by World Bank
8(b) June 24 Features of GDR
ICMAI MAT 621 Eurobonds
ICMAI MAT 622 Benefits and Limitations of FCCB
ICMAI MAT 627 Advantages and Limitations of ADR

8(c) Securitisation ICMAI MAT 148 Benefits of securitization

ICMAI MAT 150 Participants in Securitization
ICMAI MAT 153 Problems of securitization
ICMAI MAT 152 Securtization Process
ICMAI MAT 154 Different Types of securities issued by SPV

For MCQs Base Case NPV 9 practical and 6 Theory MCQs

Modified NPV/IRR Capital Budgeting 1
NPV vs PI Portfolio Management 3
Option Greeks Equity Valuation 1
Forward premium Derivatives (option greeks mostly) 3
Parity Relationships Digital FInance 2
Forex 1
https://resource.cdn.icai.org/89277b Efficient Market Hypothesis (forms of
CA Final Sep 25 AFM os-aps3012-final-p2.pdf market) 1
https://resource.cdn.icai.org/86858b
CA Final May 25 AFM os-sa-final-may2025-g1-p2.pdf Mutual Fund 1
Technical Analysis 2

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 STRATEGIC PERFORMANCE MANAGEMENT and Business Valuation
Question Number Chapter Name Question No. Source Page no Topic

ICMAI MAT 23 3 phases of P2P

ICMAI MAT 28 Supply chain Management - Concept, Components & Objectives
2(a) Introduction to performance management 2(a) ICMAI MAT 35 Use of business analytics in reverse mapping
ICMAI MAT 40 Types of CRM
ICMAI MAT 39 Optimization of O2C process

2(b) ICMAI MAT 71 Nine steps for successful implementation of BSC

ICMAI MAT 87 Types and Process of benchmarking
ICMAI MAT 95 DMAIC & DMIADV
ICMAI MAT 95 Key roles for successful deployment of six sigma
Performance Measurement, Evaluation & Improvement ICMAI MAT 121 Types of MIS Reports
Tools ICMAI MAT 127 TPM - Six Major Losses
ICMAI MAT 138 TQM - Steps

Illustration 1 ICMAI MAT 110 P chart

4(a) Solved case 3 ICMAI MAT 82 DU Pont analysis - Practical

Illus 4 ICMAI MAT 183 Selling price for maximum profit

3(a) 3(a) Dec 23 Maximum possible profit
Economic Efficiency of the Firm 3(a) Dec 24 Cost function

3(b) ICMAI MAT 204 Steps of Risk Management

ICMAI MAT 207 COSO Framework
ICMAI MAT 209 Components of ERM
ICMAI MAT 222 Risk Mapping
ICMAI MAT 231 REPM
ICMAI MAT 232 Risk Retention & Risk Reduction
Enterprise Risk Management
ICMAI MAT 235 Advantages and Limitations of VAR
ICMAI MAT 246 BASEL 1 and BASEL 2 difference

4(b) Solved case 6 ICMAI MAT 257 Altman Z score

Solved case 7 ICMAI MAT 263 Beneish M-score
4(b) June 24

e NCAER Model

5(a) Illustration 6
ut
ICMAI MAT 415 FCFE - Two phase
Q1 ICMAI MAT 438 FCFF - Two Phase
Illustration 11 ICMAI MAT 425 EV/EBITDA Ratio
Illustration 13 ICMAI MAT 432 BV, NAV on fair value, Value per share
t
Q6(a) CA Final Sep 25 FCFE - Two phase
sti
Q1(a) CA Final Sep 25 Ke, EPS, Equity Value, Enterprise Value
Q8 ICMAI MAT 551 Value of Business - Goodwill, Net Assets Method, Yield Method
Business Valuation Methods and Approaches
5(b) Illustration 12 ICMAI MAT 427 Value of Chat app
Illustration 14 ICMAI MAT 437 PV of EVA - Value of Firm
In

Q11 ICMAI MAT 469 Value of Business - Using Maintainable Profits

Q5 ICMAI MAT 464 Price Multiples based Valuation
Q12 ICMAI MAT 470 Value of Firm - MM Model
Q15 ICMAI MAT 472 Arbitrage - Levered and Unlevered Firm
Q8 ICMAI MAT 466 EVA
C

6(a) and (b) Illustration 9 ICMAI MAT 501 Valuation of Warrants

Illustration 10 ICMAI MAT 507 Valuation of Copyrights
Illustration 11 ICMAI MAT 509 Valuation of Goodwill
Illustration 12 ICMAI MAT 511 Valuation of Brand
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Valuation of Assets and Liabilities Q13 ICMAI MAT 560 Valuation of Brand
Q17 ICMAI MAT 564 Valuation of Brand
Illustration 14 ICMAI MAT 518 Valuation of an Employee
6(a) Dec 23 Valuation of Real Estate
Q21 ICMAI MAT 569 Ecomomic Value Added

7(a), 7(b), 8(a), 8(b) Valuation of Mergers and Acquisitions Q9 ICMAI MAT 554 Buying Small Lot, Buying Controlling Interest
Illustration 3 ICMAI MAT 582 Acquisition premium, Acquirer's gain under various options
Illustration 6 ICMAI MAT 596 HHI
Purchase Price Premium, Exchange Ratio, No. of New Shares,
Q2 ICMAI MAT 632 Equity Distribution
Q5 ICMAI MAT 636 PE Ratio, EPS after acquisition
Q8 ICMAI MAT 639 Swap Ratio, EPS, MPS, MV, Gain/Loss
Q9 ICMAI MAT 640 PV of Growth Opportunities
Q10 ICMAI MAT 641 Reasonableness of ask price
Q11 ICMAI MAT 642 EPS, growth rates, negotiation, post merger EPS and MPS
Q12 ICMAI MAT 644 NPV of proposal
Q5 ICMAI MAT 322 NAV, Earning Capitalisation, Exchange Ratio
Q4(b) CA Final May 25 Pre Merger EPS and No. of Shares
Fundamentals of Business Valuation Q19 ICMAI MAT 654 Income Statement, Balance Sheet based on Ratio
Q5(b) CA Final May 25 Levered beta based Valuation

Case Study MCQs Data Envelopment Analysis

Formula for Efficiency and Productivity
Case Study based mcq (Q3 Pg 442)

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