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CA Final Advanced Financial Management Question Paper May 2026

CA Final Advanced Financial Management (AFM) Paper 2 exam was conducted on May 4, 2026. This 100-mark paper has a 3-hour duration, split into 30 marks for MCQs and 70 marks for descriptive questions. This CA Final AFM Question Paper May 2026 provides key insights for preparation.
authorImageNazish Fatima6 May, 2026
CA Final AFM Question Paper May 2026

CA Final Advanced Financial Management Question Paper May 2026:The Advanced Financial Management (AFM) Paper 2 from the CA Final Examination held on May 4, 2026, is a crucial resource for aspiring Chartered Accountants. This CA Final Advanced Financial Management May 2026 question paper provides an overview of the exam structure and content. It includes the actual question paper, alongside essential general and specific instructions for candidates, offering valuable preparation guidance.

CA Final Advanced Financial Management May 2026 Overview

The CA Final Advanced Financial Management (AFM) question paper for May 2026 is now available post-exam. ICAI conducted this Paper 2 exam as part of Group 1. Here's an overview table with key details. 

CA Final Advanced Financial Management May 2026 Overview
Aspect Details
Conducting Authority The Institute of Chartered Accountants of India (ICAI) 
Official Website www.icai.org
Exam Notification Date December 2025 (schedule released); exam forms opened March 3, 2026 
Exam Date & Time May 4, 2026, 2:00 PM to 5:00 PM 
Question Paper Status Released (available for download on ICAI site and portals) 
Result Declaration Expected June 2026 

CA Final Advanced Financial Management Question Paper May 2026 PDF Download

Accessing the CA Final Advanced Financial Management Question Paper May 2026 PDF download is essential for students who want to conduct a post-exam analysis. Downloading the CA Final Advanced Financial Management Question Paper May 2026

 PDF allows students to revisit the questions without the time pressure of the examination hall. It serves as a source of study materials to see how many questions were sourced from the ICAI study module or the Revision Test Papers (RTPs). Click the button below to download the PDF.

CA Final AFM Question Paper May 2026 PDF Download

CA Final AFM Question Paper May 2026 PDF

How To Download the CA Final Advanced Financial Management Question Paper May 2026

Step 1: Open your web browser and go to the official ICAI website: www.icai.org.

Step 2: Hover over the "Resources" tab on the homepage and click on the "BoS Knowledge Portal" link.

Step 3: Select the "Advanced Course" from the list of available levels.

Step 4: Look for "Paper 1: Advanced Financial Management" and click on it.

Step 5: Scroll down to the section titled "Previous Year Question Papers" or "Suggested Answers."

Step 6: Click on the link for "May 2026" to open the question paper PDF.

Step 7: Once the PDF opens, click the download icon or press Ctrl + S to save it to your device.

Benefits of CA Final Advanced Financial Management Question Paper May 2026 PDF

Utilising the CA Final Advanced Financial Management Question Paper May 2026 offers several advantages for both current and future candidates:

  • Self-Assessment: Students who have just appeared can use the paper to estimate their scores before the official results are declared.

  • Understanding Exam Patterns: Future aspirants can identify which chapters are currently being prioritised by ICAI.

  • Time Management Practice: Solving this specific paper under a three-hour timer helps students gauge the speed required for the actual exam.

  • Refining Strategy: By reviewing the CA Final Advanced Financial Management Question Paper May 2026, students can learn the correct step-by-step presentation required to secure maximum marks in descriptive questions.

CA Final Advanced Financial Management May 2026 Exam Structure and Marking Scheme

The CA Final Advanced Financial Management (AFM) examination is structured into two distinct parts. This section details the distribution of marks and the format of the paper.

  • Part I: This section consists of Multiple Choice Questions (MCQs), contributing 30 marks to the total score.

  • Part II: This part comprises questions requiring descriptive answers, accounting for the remaining 70 marks.

The overall maximum marks for the paper is 100.

CA Final Advanced Financial Management May 2026 Exam Pattern

Here are the key details of the CA Final Advanced Financial Management (AFM) examination at a quick glance, providing essential information about the paper’s structure and duration.

CA Final Advanced Financial Management May 2026 Exam Pattern
Particulars Details
Total No. of Printed Pages 24
Maximum Marks 100
Duration 3 hours
Part I (MCQ Portion) 30 Marks
Part II (Descriptive Portion)

70 Marks

CA Final Advanced Financial Management May 2026 Exam Important Instructions & Guidelines

Candidates must mark MCQs on the OMR sheet and descriptive answers in the main book. Question 1 is compulsory in Part II. The exam is 3 hours. Strict adherence to rules is required, including avoiding malpractice. Submit all materials to the invigilator. These ICAI CA Final AFM May 2026 question paper guidelines from Physics Wallah are essential.

 

CA Final Batches 2026-27
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CA Final AFM Question Paper May 2026 FAQs

What is the total duration for the CA Final AFM examination?

The CA Final Advanced Financial Management (AFM) examination has a total duration of 3 hours.

How are marks distributed between the MCQ and descriptive portions in the ICAI CA Final AFM May 2026 question paper?

The paper is divided into two parts: Part I (MCQs) carries 30 marks, and Part II (descriptive answers) carries 70 marks, making a total of 100 marks.

What is the compulsory question in the descriptive part of the CA Final Advanced Financial Management paper May 2026?

In the descriptive portion, Question No. 1 is compulsory, and candidates must answer any 4 out of the remaining 5 questions.
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