ICAI’s Board of Studies publishes the official CA Intermediate Financial Management and Strategic Management Study Material as free PDFs. Paper 6 carries 100 marks, split equally between Section A (Financial Management) and Section B (Strategic Management). This page has the section-wise marks weightage plus direct download links to every chapter ICAI has published so far.
CA Intermediate Financial Management and Strategic Management: Syllabus and Marks Weightage
Paper 6 has two sections of 50 marks each. The weightage below is the official section-wise split from ICAI.
Section A: Financial Management (50 Marks)
| Contents | Section | Weightage |
|---|---|---|
| Financial Management and Financial Analysis: introduction to the finance function, financial analysis through ratios | I | 10%-15% |
| Financing Decisions and Cost of Capital: sources of finance, cost of capital, capital structure decisions, leverages | II | 45%-50% |
| Capital Investment and Dividend Decisions: investment appraisal methods, dividend policy | III | 20%-25% |
| Management of Working Capital | IV | 15%-20% |
Objective, per ICAI: to understand the finance functions of financing, investment and dividend decisions, and to develop an understanding of working capital management and its components.
Section B: Strategic Management (50 Marks)
| Contents | Section | Weightage |
|---|---|---|
| Introduction to Strategic Management | I | 15%-25% |
| Strategic Analysis: External Environment | II | 15%-25% |
| Strategic Analysis: Internal Environment | III | 15%-25% |
| Strategic Choices | IV | 15%-25% |
| Strategy Implementation and Evaluation | V | 15%-25% |
ICAI permits a deviation of up to 5% in the specified section-wise weightage for Strategic Management.
Download ICAI Study Material for Financial Management and Strategic Management
Section A and Section B are published as separate Study Material on the ICAI portal. Strategic Management is live in both ICAI editions. Financial Management is currently live in Edition 1 only, so Edition 2 is not listed for it below.
Section A: Financial Management (Edition 1: Applicable for May 2026 Exam Onwards)
This edition applies to the May 2026, September 2026, and January 2027 attempts.
Module 1
Chapter 1: Scope and Objectives of Financial Management
Chapter 2: Types of Financing
Chapter 3: Financial Analysis and Planning: Ratio Analysis
Chapter 4: Cost of Capital
Chapter 5: Financing Decisions: Capital Structure
Chapter 6: Financing Decisions: Leverages
Module 2
Chapter 7: Investment Decisions
Chapter 8: Dividend Decision
Section B: Strategic Management, Edition 1 (Applicable for May 2026 Exam Onwards)
This edition applies to the May 2026, September 2026, and January 2027 attempts.
Chapter 1: Introduction to Strategic Management
Chapter 2: Strategic Analysis: External Environment
Chapter 3: Strategic Analysis: Internal Environment
Chapter 4: Strategic Choices
Chapter 5: Strategy Implementation and Evaluation
Section B: Strategic Management, Edition 2 (Relevant for May 2027 and Onwards Examination)
This edition applies to the May 2027 attempt and every attempt after it, until ICAI issues a further update.
Chapter 1: Introduction to Strategic Management
Chapter 2: Strategic Analysis: External Environment
Chapter 3: Strategic Analysis: Internal Environment
Chapter 4: Strategic Choices
Chapter 5: Strategy Implementation and Evaluation
Why Two Editions Exist and Which One You Need
ICAI keeps the current edition live for students appearing up to a certain attempt, while already publishing the next print run for later attempts, so both sit on the portal together for a while. We checked chapter by chapter, and the two Strategic Management editions are structurally identical: the same five chapters with the same titles. Only the underlying file references differ.
For Financial Management, ICAI has so far published only the Edition 1 Study Material. The May 2027 edition of Section A was not on the portal when we checked, so we have not listed it. We will add it to this page once ICAI releases it.
If your physical book or PDF says “Applicable for May 2026 Exam Onwards” on the cover, use Edition 1. If it says “Relevant for May 2027 and Onwards Examination,” use Edition 2.
Using This Alongside Your Revision
Once you have worked through a chapter from the Study Material, test yourself with our CA Inter RTP for revision questions, and our CA Inter MTP for full timed mock exams on the same syllabus.
If you are planning your revision schedule around this syllabus, our guide on how to revise the CA syllabus in 15 days breaks the process down step by step.
Frequently Asked Questions
What is the marks weightage for CA Intermediate Financial Management and Strategic Management?
Paper 6 is 100 marks. Financial Management carries 50 marks, with Financing Decisions and Cost of Capital at 45-50% of that section. Strategic Management carries 50 marks, with each of its five sections at 15-25%.
Is the Financial Management Study Material available for May 2027?
Not yet on the ICAI portal. Only the Edition 1 Study Material for Section A is published, and we will add the May 2027 edition here once ICAI releases it.
Is the Strategic Management syllabus changing for May 2027?
No. The chapters are identical between editions. Only the underlying file IDs differ between the two print runs.
Where do I download the official ICAI Study Material for Financial Management and Strategic Management?
Every chapter PDF on this page is hosted directly on caharshgupta.com, downloaded from ICAI’s official BoS Knowledge Portal so the links stay stable and won’t break if ICAI reorganises its own site.
Should I use the RTP or the Study Material first?
Study Material first. It teaches the concepts in full. RTP and MTP come after, once you already understand a topic, to practice applying it under exam conditions.
Source: ICAI BoS Knowledge Portal, Study Material (New Scheme), Intermediate and Section-wise Weightages.
