Paper 2
Hard Topics
Hardest Advanced Financial Management Topics
29 challenging topics ranked by difficulty in CA Final exams
29
Hard Topics
96
Hard Questions
2015-26
Years Analyzed
Preparation Strategy for Hard Topics
Don't skip these! Hard topics often carry higher marks. Start early, practice multiple times, and understand the underlying concepts thoroughly.
1
Valuation
2017-2025 49 total Qs
11
hard Qs
22% hard
2
International Finance
2018-2026 34 total Qs
11
hard Qs
32% hard
3
Portfolio Management
2018-2023 46 total Qs
10
hard Qs
22% hard
4
Mergers And Acquisitions
2015-2025 29 total Qs
8
hard Qs
28% hard
5
Capital Budgeting
2015-2025 21 total Qs
7
hard Qs
33% hard
6
Risk Management
2018-2024 26 total Qs
6
hard Qs
23% hard
7
Foreign Exchange
2015-2026 18 total Qs
6
hard Qs
33% hard
8
Derivatives
2015-2025 31 total Qs
5
hard Qs
16% hard
9
Investment Analysis
2019-2025 24 total Qs
3
hard Qs
13% hard
10
Corporate Restructuring
2018-2025 9 total Qs
3
hard Qs
33% hard
11
International Financial Management
2024-2025 5 total Qs
3
hard Qs
60% hard
12
Investment Decisions
2024-2025 14 total Qs
2
hard Qs
14% hard
13
Hedging
2018-2018 11 total Qs
2
hard Qs
18% hard
14
Direct Taxation
2021-2021 9 total Qs
2
hard Qs
22% hard
15
Project Appraisal
2025-2025 5 total Qs
2
hard Qs
40% hard
16
Hedging Strategies
2020-2022 4 total Qs
2
hard Qs
50% hard
17
Foreign Exchange Risk Management
2020-2020 15 total Qs
1
hard Qs
7% hard
18
Bond Valuation
2023-2023 14 total Qs
1
hard Qs
7% hard
19
Risk Analysis
2018-2018 9 total Qs
1
hard Qs
11% hard
20
Options
2022-2022 8 total Qs
1
hard Qs
13% hard
21
Financial Statement Analysis
2018-2018 5 total Qs
1
hard Qs
20% hard
22
Interest Rate Risk
2024-2024 5 total Qs
1
hard Qs
20% hard
23
Business Valuation
2022-2022 1 total Qs
1
hard Qs
100% hard
24
Capital Structure
2025-2025 3 total Qs
1
hard Qs
33% hard
25
Debentures
2018-2018 3 total Qs
1
hard Qs
33% hard
26
Equity Valuation
2018-2018 3 total Qs
1
hard Qs
33% hard
27
International Capital Budgeting
2015-2015 3 total Qs
1
hard Qs
33% hard
28
Arbitrage
2018-2018 3 total Qs
1
hard Qs
33% hard
29
Swaps
2023-2023 3 total Qs
1
hard Qs
33% hard