CA Inter Paper 6: FM & SM study plan
CA Inter Paper 6: FM & SM · Give each week a clear focus.
8 weeks · About 7 hours per week
Financial Management
Build a one-page formula sheet covering cost of capital, leverage and capital structure ratios, and time value of money factors
Solve 15 time value of money and capital budgeting NPV/IRR problems end to end without referring to solutions
Compute WACC for three different capital structure scenarios, including one with preference shares and one with retained earnings versus new equity
Classify each Financial Management chapter by formula density and past-weightage so revision order is data-driven
Your checkpoint
A dated formula sheet plus a solved-problem log of 15 capital budgeting questions with error notes
Financial Management
Work through leverage analysis: operating, financial and combined leverage, including indifference point calculations
Solve 10 capital structure and EBIT-EPS problems, stating the decision rule in each answer
Draft answer skeletons for two theory questions on capital structure theories (traditional, MM, pecking order)
Time yourself on a 45-minute mixed set of ratio and leverage numericals
Your checkpoint
A 45-minute timed practice set scored and reviewed, with every wrong answer reworked
Financial Management
Master working capital management: operating cycle, cash conversion cycle, and estimation of working capital requirements
Solve 8 working capital estimation problems including a manufacturing case with raw material, WIP and finished goods stages
Apply receivables management tools: credit policy evaluation, discount decisions, and factoring cost-benefit
Summarise inventory management techniques (EOQ, reorder level, safety stock) into a decision checklist
Your checkpoint
One fully solved comprehensive working capital case study written out as a model answer
Financial Management
Cover dividend decisions: Walter, Gordon and MM models, and solve 8 numericals across all three
Complete a mixed Financial Management mock of 30 marks under exam timing
Tabulate every formula used across weeks 1-4 into a single revision card set
Identify the three weakest Financial Management sub-topics from mock performance and list corrective actions
Your checkpoint
A scored 30-mark Financial Management mock with a written weakness-to-action list
Strategic Management
Map the Strategic Management syllabus into a concept tree linking strategy levels, formulation and implementation
Define and contrast mission, vision, objectives and goals using company examples you construct yourself
Explain Porter's five forces and generic strategies, applying each to an industry of your choice
Write concise notes on environmental and SWOT/TOWS analysis with one worked example each
Your checkpoint
A hand-drawn strategy concept map plus 10 short definitions written in exam-ready phrasing
Strategic Management
Summarise strategic analysis tools: BCG matrix, Ansoff matrix, value chain, and core competence
Draft structured answers to 6 past-style caselet questions using a point-heading format
Cover strategy implementation topics: structure, culture, change management and leadership
Practise writing a 10-mark answer within 12 minutes on two separate occasions
Your checkpoint
Six written caselet answers, each timed and self-graded against a structure checklist
Financial Management & Strategic Management
Revise all Financial Management formulas and redo the 10 most-missed numericals from weeks 1-4
Condense Strategic Management notes into 20 revision flashcards covering definitions and frameworks
Complete one full-length simulated paper covering both domains under exam conditions
Analyse the simulated paper for time allocation errors between numericals and theory
Your checkpoint
A full-length simulated paper scored by section with a time-allocation correction plan
Financial Management & Strategic Management
Rehearse the formula sheet and flashcard set daily until recall is immediate
Redo every previously wrong numerical from the solved-problem log until all are correct
Write two full answers under exam timing, one numerical and one theory, per domain
Finalise a one-page exam-day strategy covering question selection order and time per mark
Your checkpoint
A clean error-free redo of the full problem log plus a one-page exam-day strategy sheet
Milestones
Week 2: Can compute WACC, leverage and NPV/IRR problems accurately in under 8 minutes each without notes
Week 4: Scores at least 60% on the 30-mark Financial Management mock and has a written weakness list
Week 6: Can produce a structured 10-mark Strategic Management answer within 12 minutes using headings and examples
Week 7: Completes the full-length simulated paper within time and scores at least 55% overall
Week 8: All logged errors are re-solved correctly and formula recall is immediate on a random self-test