CA Foundation, Inter & Final – 500+ Exam FAQs | CA Parag Gupta

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This page contains 500+ real questions asked by CA Foundation, Inter, and Final students over the past 5 years. Each question has a detailed answer.

How to use: Press Ctrl + F (Windows) or Cmd + F (Mac) and type any topic you’re studying.

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CA Foundation Accounts


Business Laws (Paper 2)


🔹 Quantitative Aptitude (Maths, Stats & LR)


🔹 Business Economics(Paper 4)




Q125: Do I need to remember all the formulas for Costing?

Q204: What is the legal examination of a candidate in CA Inter Group 2?

📚 Paper 5 – Auditing & Ethics

📚 Paper 6 – Financial Management & Strategic Management

Q237. What does CA inter contain for Financial Management (FM)?

FM syllabus includes: FM scope/objectives, types of funding, ratio analysis, cost of borrowing, capital budgets, managing working capital and leverage analysis. This is a practical, numerical heavy (practical use) syllabus that has a lot of reward for those who do consistent practice.

Q238. Which are the most significant/challenging chapters in CA Inter FM?

The four chapters with the greatest weight will be capital budgeting, cost of capital, ratio analysis and working capital management. These chapters will comprise all 35-40 of the weight in the FM section. To assist students with confidence early on, StudyByTech has structured its FM course to begin with these four chapters.

Q239. What is the best way to prepare for the numericals in CA Inter FM?

First, become very familiar with all of the formulas and then increase the level of difficulty (in numerical problems) as you continue through the exercises in the FM course. When you are doing numerical, ensure that you clearly show your working, as a significant number of marks will be awarded for how you arrive at your final answer, not just the answer itself. StudyByTech FM faculty provide a formula exercise booklet and provide daily practice exercises.

Q240. How do I study Strategic Management for CA Inter?

To study Strategic Management, you will need to use the concepts in various situations and apply them in your written work. You must start writing practice answers for all of the following areas on Day 1 – Strategic Analysis (SWOT/Porter’s 5 Forces), Strategic Planning, Strategic Implementation and Strategic Control. Use mind maps and other mnemonic devices to create easy-to-remember reference points for your framework.

Q241. How are marks divided between FM and SM in Paper 6?

Under the new syllabus, 50 marks will be allocated to FM and 50 marks allocated to SM. Therefore, you must perform well in both sections as the total marks required to pass for this paper will be 40 and will be based on the total of the whole paper rather than on each section.

Q242. How do I balance FM numericals and SM theory in my daily study?

It is recommended that you dedicate 1.5 hours for each numerical (FM) and 1 hour for each theory (SM) each day so that you avoid burnout by studying too much theory or too many numericals. StudyByTechs cards and daily planner are designed to provide an optimal mix of these topics in one session.

Q243: What is the best method for reviewing FM formulas prior to an examination?

Prepare an A4 page with all FM formulas, broken down by topic areas including Cost of Capital, Capital Budgeting (NPV, IRR, Payback), Ratios, Leverage, and Working Capital Ratios along with an explanation of each formula. Review the formula sheet every day for a minimum of 15 days prior to your exam. StudyByTech has already prepared a complete set of essential FM formulas for each student.

Q244: How can I write SM answers to gain full marks?

Use headings, bullet points and diagrams where appropriate and bold ICAI keywords (e.g. “competitive advantage”, “core competency”). Ensure your answer has a brief introduction and concise conclusion. During each Revisions Class our SM Faculty demonstrate how to write SM answers using examples of Topper answer sheets.

Q245: Are there case studies in CA Inter SM?

Yes! The case studies in SM require you to use a scenario that represents a real business and apply a Strategic Framework e.g. SWOT Analysis, PESTLE Analysis, Porter’s 5 Forces. Please complete a minimum of 15 – 20 SM case study questions from previous CA Inter papers and RTPs prior to the exam to prepare well. StudyByTech has a bank of over 50 complete SM case study questions with answers which can be used to help in revision.

Q246. How do I manage my time in the FM-SM paper? 

You will have 90 minutes for FM (including numerical & theory) and 90 minutes for SM, therefore when doing FM you should do a numerical first that is easy so that you can create momentum to keep going. In SM you will write concise and well-structured answers & avoid wordiness. Our mock tests will help to train you on this time allocation.

Q247. What is the weightage of capital budgeting under CA Inter FM? 

Capital budgeting will generally carry 10-15 marks & will always have a compulsory numerical. You need to make sure that you understand NPV, IRR, payback period, and profit index. The amount of time our FM faculty spends on this chapter is 10-12 hours.

Q248. Does StudyByTech have a joint test series for FM & SM? 

Yes, the paper 6 test series includes chapter-by-chapter mock tests for both FM and SM, sectional mocks, and 4-5 full-length test papers. Video solutions and personal feedback will be given for all tests taken.

Q249. Do I get one exemption in CA Inter FM-SM? 

Yes. A lot of students from StudyByTech have scored 60+ in Paper 6 following the below-disciplined method: Finish the syllabus well in advance. Practicing FM numericals on a daily basis. Writing 3 or 4 SM answers on a daily basis. Seriously attempting all mocks.

Q250. Where do I get a demo class of the classes for CA Inter Group 2 (Online or offline)? 

Visit www.studybytech.com or subscribe to our YouTube channel where you can watch demo classes on Costing by Parag Gupta and Audit Class and FM-SM Class, you’ll get to know our method of teaching. After you experience that contact one of our counselling team members how to join the correct batch and mode (Online/Offline), and that you would like to join us through EMI.

CA Inter Group 1 – General Questions (Q151–Q200)

CA Inter Advanced Accounting (Paper 1)

Q151. Which chapters are regarded as the most important in CA Inter Advanced Accounting?

The chapters often attract the highest number of marks are Amalgamation, Consolidation, Cash Flow Statement, Accounting Standards (AS 1, 2, 3, 10 & 12), as well as Financial Statements of Companies. There are often compulsory questions based on these topics. StudyByTech’s expert teaching faculty provides a chapter-wise weightage at the beginning of our Advanced Accounting Course allowing students to know exactly where to focus their studies.

Q152. What is the best way to score an exemption in CA Inter Advanced Accounting?

To score 60% or more, your study plan should include the following 3 things: thoroughly understanding Accounting Standards, having completed enough practice on complex consolidation and amalgamation problems to make these problems appear natural, and always attempting the compulsory case study questions within the Examination. StudyByTech’s Advanced Accounting Course includes weekly AS revision assessments which train you to score high.

Q153. Is CA Inter Advanced Accounting very hard for students who have not studied Commerce?

It may initially appear as if accounting is beyond you because you have not previously studied it, but accounting is a skill, so the more you practice, the better you will become at using it. Many non-commerce students have achieved exemptions by adopting a structured approach to learning (starting with the fundamentals and progressing to advanced) and learning to ensure that every debit and credit entry is logically sound before progressing to more advanced topics.

Q154. What comprises the new exam format for CA Inter? 

The exam has shifted to a new format of 70% Descriptive & 30% Objective (MCQ’s with Case Studies). The MCQ’s HAVE NO NEGATIVE MARKS! If you know your Accounting Standards, you can score some easy marks. StudyByTech also has daily MCQ drills so that you do not miss those easy scoring possibilities. 

Q155. What is the weight of each Accounting Standard in CA Inter Accounts? 

Approximately 20-25 marks are made up of questions directly from Accounting Standards. The most commonly examined Standards are AS 2 (Inventories), AS 3 (Cash Flow), AS 10 (Property Plant & Equipment), and AS 12 (Government Grants). StudyByTech has also developed a dedicated AS Revision Booklet that will allow you to have all the Standards in one quick reference guide. 

Q156. How should I prepare for Consolidation of Financial Statements in CA Inter? 

You should first learn and practice the basic Subsidiary – Holding Company Relationship; then proceed to practice and solve the Adjustments on Inter-Company Transactions, Unrealised Profits and Minority Interest. You should solve a variety of 15-20 sums. Through the use of StudyByTech’s Video Lectures, you will be able to Pause, Rewind and Replay all of the Consolidation Adjustments until you have complete clarity.

Q157. How do you deal with problems of Amalgamation in an exam setting?

To answer such questions in an exam, you need to understand fully both the pooling of interest and purchase methods of acquisition and have memorised all journal entries applicable for transferring assets and liabilities with regard to an Amalgamation. Using StudyByTech’s Amalgamation perfect-step-by-step working note methodology helps you present SCM Amalgamation tasks as expected by your assessor.

Q158. How much time, per day, should I study doing Advanced Accounting?

If studying for CA Intermediate you should allocate a minimum of 2.5 hours of focused study each day on Advanced Accounting as this will yield the best results; however, if studying full-time this may be increased. The key to achieving success lies in continuity i.e. to have a 30 minute session daily of AS revision followed by a further 2 hours on problem-solving gives you maximum results.

Q159. Can CA Intermediate Accounts be cleared by studying only ICAI study materials?

The threshold study material is the ICAI module, however there is also a number of variations on the same topic that can appear in the above referenced examination and you will need substantial practice using all forms of variations from other than ICAI to succeed. StudyByTech has produced a comprehensive Advanced Accounting question bank that contains all variations anticipated by ICAI, so no question your assessor can present will be one you have not done similar to before.

CA Inter Corporate & Other Laws (Paper 2)



📚 SPOM Set B (SCPM)

Yes. SPOM Set B, SCPM and SCMPE are all synonyms for the same topic. The Institute of Chartered Accountants of India (ICAI) rebranded the former SCMPE (Strategic Cost Management & Performance Evaluation) into SCPM (Strategic Cost & Performance Management) with the introduction of the new curriculum. Hence, in student circles it is not uncommon for you to hear about each term (SPOM Set B/SCPM/SCMPE) used synonymously. Although SCMPE was used to be in main exam paper and exam was used to be subjective, while SCPM(SPOM set B)

Q263: What is the syllabus for SPOM Set B (SCPM)? 

Q264. Which Chapters in SPOM Set B (SCPM) are the Most Important?

According to the experience of numerous students and analysis of their exams, the most significant chapters in SPOM Set B (SCPM) are Transfer Pricing, Standard Costing, Strategic Revenue and Profit Management, Strategic Performance Measures in the Private Sector, and Lean Systems and Innovation. Parag Gupta Sir spends additional time practicing these high weighted examination topics to ensure that his students will be prepared for all potential variations of the exam questions about these subjects.


With StudyByTech, you can view the SPOM Set B video recordings unlimitedly during the course valid period with multiple device access. You can also revisit challenging course material multiple times, for example, if you have difficulty with Standard Costing formulas while studying late at night or want to review Transfer Pricing case study examples before your IBS exam.

Disclosure: This FAQ page is maintained by CA Parag Gupta (StudyByTech). Answers reflect the faculty’s teaching methodology and student feedback. For multiple faculty options, please research independently.

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