CS Executive CAFM study guide
CS Executive CAFM · Work through your exam, one topic at a time.
Corporate and Financial Management (CAFM) is one paper in the Executive Programme of the Company Secretary qualification delivered by the Institute of Company Secretaries of India (ICSI). It suits candidates who already handle or aspire to handle finance-adjacent governance work: company secretaries, compliance officers, and finance executives who need to read accounts, appraise capital proposals, and challenge numbers prepared by others. The CS Executive CAFM study guide has 6 sections and about 1,697 words.
01Cost and Management Accounting
Cost and Management Accounting in CS Executive tests how costs are collected, classified and used for decisions rather than merely recorded. Expect computation-heavy questions on marginal costing, CVP analysis, standard costing variances and cost-sheet preparation.
302 words, about 2 min02Financial Management
Financial Management tests the financing, investment and dividend decisions at a computational level: ratio interpretation, leverage, time value of money and the link between risk and required return. The objective is shareholder wealth maximisation, not accounting profit maximisation.
264 words, about 1 min03Security Analysis and Portfolio Management
Security Analysis and Portfolio Management tests how securities are valued, how risk is measured and how portfolio performance is judged against risk taken. Fundamental analysis proceeds economy → industry → company, valuing shares through the dividend discount model (P0 = D1/(Ke − g)), P/E multiples and book value.
271 words, about 1 min04Corporate Finance and Capital Budgeting
Corporate Finance and Capital Budgeting tests financing choices, the cost of capital and the selection of long-term projects by discounted cash flow. Cost of equity comes from CAPM or the dividend growth model (D1/P0 + g).
276 words, about 1 min05Working Capital Management
Working Capital Management tests estimation of the working capital requirement, operating cycle arithmetic and the control of cash, receivables and inventory. Operating cycle = raw material holding period + WIP period + finished goods period + receivables collection period − payables deferral period.
290 words, about 1 min06Capital Market and Financial Services
Capital Market and Financial Services covers the structure and regulation of the Indian capital market and the intermediaries that make it function. SEBI regulates the securities market; the RBI regulates the money market and banking.
294 words, about 1 min