Quick Summary
The CA Final November 2026 examinations have triggered fresh debate among students after the Advanced Financial Management (AFM) paper left several candidates frustrated and disappointed. Held on November 4 from 2 PM to 5 PM, the examination witnessed strong reactions on social media, with students describing the paper as unusually difficult, calculation-heavy and challenging to complete within the stipulated three hours. Soon after the examination, hashtags such as #CAFinal, #AFM, #ICAI, #CASt
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FAQ :
Students found the Advanced Financial Management (AFM) paper unusually difficult, calculation-heavy, and challenging to complete within the allocated three hours. They also noted unexpected question patterns, particularly in the MCQ section, which differed from their preparation materials.
According to student reactions, demanding numerical questions covered areas such as Hedging and Derivatives, Swaps, Adjusted Present Value (APV), Economic Value Added (EVA), and Mergers and Acquisitions.
Many students felt the MCQs were considerably different from the patterns they had practised using ICAI's study material, Revision Test Papers (RTPs), Mock Test Papers (MTPs), and previous years' question papers.
No, the ICAI has not officially rated the difficulty level of the paper or confirmed any concerns regarding its question-setting process. The current feedback is based solely on student reactions.
Candidates can submit their observations via email to examfeedback@icai.in or by Speed Post to the Additional Secretary (Exams), ICAI Bhawan, Indraprastha Marg, New Delhi – 110002. Submissions must include name, registration number, roll number, email ID, and mobile number.
The last date for candidates to submit their feedback regarding the CA Final November 2026 question papers is November 18, 2026.
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