How to Crack CA Final AFM—RTPs | MTPs | Suggested Answers

Preparing for CA Final Advanced Financial Management (AFM) isn’t just about studying hard—it’s about studying smart. One of the most effective ways to boost your preparation is by strategically using ICAI’s own tools: RTPs, MTPs, and Suggested Answers. In this article, we’ll show you how to integrate these resources into your study plan and supercharge your revision with Taxmann’s CRACKER for a well-rounded, exam-ready strategy.

Table of Contents

1. Introduction
2. What Are RTPs, MTPs & Suggested Answers?
3. Why These ICAI Tools Are Crucial
4. How to Use Them Effectively
5. Smart Revision with Taxmann’s CRACKER + ICAI Resources
6. Final Takeaways

Check out Taxmann's Advanced Financial Management (AFM) | CRACKER with Case Scenarios Based MCQs for—CA Final – Group I | Paper 2 is the 11th Edition by CA. (Dr) K.M. Bansal & CA. Anjali Agarwal, meticulously designed for the Sept. 2025/Jan. 2026 CA Final exams. It consolidates advanced finance concepts—from capital budgeting and portfolio management to derivatives and international finance—into a robust practice-oriented framework. Coverage spans past exam questions (up to May 2025), scenario-based MCQs, and detailed solutions that clarify examiner expectations. Students benefit from chapter-wise marks distribution, trend analysis, additional solved practice problems, and a clear mapping to ICAI materials. The structured layout and retention aids foster deep conceptual understanding and exam readiness.

1. Introduction

One of the sure-shot strategies to excel in CA Final Advanced Financial Management (AFM) is smart practice—and that begins with the right ICAI resources. In this blog, we decode how to crack AFM by using RTPs (Revision Test Papers), MTPs (Mock Test Papers), and Suggested Answers, ensuring you align your preparation with ICAI’s evolving paper pattern and expectations.

2. What Are RTPs, MTPs & Suggested Answers?

3. Why These ICAI Tools Are Crucial

3.1 RTPs = Pulse of the Upcoming Exam

RTPs give you insight into:

• Changes in syllabus coverage
• New types of MCQs or case scenarios
• Hotspot topics for the attempt (e.g., Forex or Derivatives)

Use RTPs for

• Identifying important adjustments
• Practicing recent application-based questions
• Getting familiar with ICAI’s question framing

3.2 MTPs = Time-Bound Practice

MTPs simulate real exam conditions and help you:

• Assess speed and time management
• Build writing stamina
• Develop confidence under pressure

Attempt at least 2 MTPs under real-time constraints. Analyse your weak areas before the exam.

3.3 Suggested Answers = Presentation Training

These show you how ICAI expects you to write:

• Step-wise solution breakdowns
• Use of assumptions
• Working notes & structured formats

Highlight ICAI’s presentation style—use of headings, logical sequencing, and concise theory explanations.

4. How to Use Them Effectively

Step 1 – Chapter-Wise Mapping with RTPs

Pick a chapter like Capital Budgeting.

• First – Revise from ICAI module
• Then – Solve related RTP questions from past 2–3 attempts
• Finally – Cross-check with CRACKER or ICAI Suggested Answers

Step 2 – Practice MTPs in Exam Format

• Sit down at 2 PM
• Solve a complete MTP paper in 3 hours
• Don’t check your phone or refer to books
• Evaluate with suggested answers the next day

Step 3 – Maintain an Error Log

Track your mistakes:

• Formula errors
• Misinterpretation of MCQs
• Weakness in topics (e.g., Derivatives)

Keep this log handy before your final revision.

Step 4 – Improve Presentation

Observe how ICAI:

• Uses bullet points for theory
• Structures practical answers
• Frames assumptions logically

Try rewriting 1–2 questions using ICAI’s style from the Suggested Answers Booklet.

5. Smart Revision with Taxmann’s CRACKER + ICAI Resources

Pairing ICAI’s RTPs, MTPs & Suggested Answers with Taxmann’s CRACKER for AFM gives you:

• Chapter-wise mapping to ICAI content
• Sub-topic-wise practice
• Case scenario MCQs (like those in RTPs)
• Suggested Answers for Nov. 2024 & May 2025 with examiner-style presentation

6. Final Takeaways

With structured practice, smart revision, and ICAI-aligned strategy—you can confidently tackle CA Final AFM and aim for an exemption or beyond.