CRACKER COMBO for CA Final | New Syllabus | May/Nov. 2025 Exam – Group I | Papers 1 to 3 | CRACKER Series | FR, AFM and Audit | January/March 2025 Editions | Set of 3 Books

The CRACKER COMBO is a specially curated set of three books for CA Final students under the New Syllabus. Authored by leading subject experts—CA Parveen Sharma & CA Kapileshwar Bhalla (FR), CA (Dr) K.M. Bansal & CA Anjali Agarwal (AFM), and CA Pankaj Garg (Audit)—this Combo comprehensively covers past exam questions, ICAI Study Material, Revision Test Papers (RTPs), Mock Test Papers (MTPs), and the Board of Studies (BOS) Knowledge Portal. It is designed to address the latest amendments and exam patterns effective up to May & November 2025 attempts; each book provides in-depth conceptual clarity and practice questions, ensuring a robust and exam-focused preparation. It includes the following books:

• CRACKER for Financial Reporting (11^th Edition)
• CRACKER for Advanced Financial Management (10^th Edition)
• CRACKER for Advanced Auditing Assurance & Professional Ethics (16^th Edition)

The key features of the Combo are as follows:

• [Strictly as per ICAI’s New Syllabus] Each book aligns with the latest CA Final curriculum, ensuring you focus on exam-relevant topics and question patterns
• [Comprehensive Coverage of Past Exams]
  • FR & AFM – Incorporates questions up to Nov. 2024 exams (with solutions)
  • Audit – Includes past attempts, MCQs, case scenarios, plus updates to the Code of Ethics, Company Law, Banking Regulations, etc.
• [Sub-topic-wise Arrangement] Questions in each chapter are systematically classified under sub-topics, mapped to Ind AS references (FR) or concept areas (AFM & Audit), aiding targeted revision
• [Chapter-wise Marks Distribution & Trend Analysis]
  • Helps identify high-weightage areas and previous exam patterns, enabling efficient time management
  • It reflects trends from attempts like May 2024 and Nov. 2024 and is newly updated for May/Nov. 2025
• [In-depth Explanations & Point-wise Answers] Step-by-step solutions ensure conceptual clarity, providing insights into exam-oriented answering techniques.
• [Additional Practice Resources]
  • Case Scenario-Based MCQs (especially in AFM & Audit) to tackle contemporary exam patterns
  • Descriptive Questions & Case Studies (Audit’s Volume 1) for practical application and scenario-based learning
  • General MCQs & Case Scenarios (Audit’s Volume 2) with detailed explanations
• [Updated for Latest Amendments] Incorporates new provisions in Financial Reporting (Ind AS updates), Risk Management norms (AFM), and Audit (revised SLR norms, NBFC regulations, Code of Ethics, etc.) ensuring full compliance

The coverage of the Combo is as follows:

• Financial Reporting (FR)
  • Ind AS-based Coverage – From Ind AS 1 (Presentation of Financial Statements) to Ind AS 116 (Leases), including Consolidated Financial Statements, Business Combinations, etc.
  • Additional Topics – Accounting for Government Grants, Financial Instruments, Professional & Ethical Duties, etc.
  • Practical Past Exam Questions – Detailed solutions referencing para nos. of each Ind AS
• Advanced Financial Management (AFM)
  • Core Financial Management Topics – Advanced Capital Budgeting, Risk Management, Financial Policy & Strategy, Security Analysis, Portfolio Management, etc.
  • Global & Strategic Perspectives – International Financial Management, Foreign Exchange Exposure & Risk Management, Derivatives Analysis, Mergers & Acquisitions
  • Practice-oriented MCQs & Case Scenarios – For practical financial decision-making contexts
• Audit (Advanced Auditing & Professional Ethics)
  • Two-Volume Structure
    • Volume 1 (Descriptive) – 700+ Descriptive Questions & Case Studies, including planning, risk assessment, internal control, engagement standards, and professional ethics
    • Volume 2 (MCQs & Case Scenarios) – 300 individual MCQs + 50 case scenarios with detailed explanations
  • Updated Regulatory Landscape – Incorporates changes in Company Law, SLR norms, NBFC scale-based regulations, and ESG & SDG assurance
  • Standards & Code of Ethics – Thoroughly covers Engagement & Quality Control Standards and relevant ethical guidelines

The structure of the Combo is as follows:

• Chapter-wise & Sub-topic Segregation
  • Each book segments chapters into sub-topics to ensure a logical flow: from fundamental concepts to advanced applications
  • FR references Ind AS paragraph numbers; AFM follows conceptual modules; Audit is divided by standards, company law, ethics, and practice questions
• Attempt-wise & Topic-wise Classification
  • Past exam questions are labelled by attempts (e.g., May 2024, Nov. 2024), enabling quick identification of recurring question types
  • Descriptive vs. Objective coverage is separated for clarity (especially in Audit’s Volume 1 & 2)
• Trend Analysis & Marks Distribution Tables
  • Each subject includes marks distribution from the latest exams to identify focus areas and plan a scoring strategy
  • Charts & Summaries highlight repeated or high-weightage topics
• Point-wise Answer Presentation
  • Solutions use a point-wise format, simplifying complex concepts and ensuring maximum retention for exam preparation
  • References to ICAI Study Material and official pronouncements help cross-verify correctness and completeness