Guys I need participation on this, seems like a lot of you are not interested in this due to Audit, see 17 marks are at stake, I am willing to take effort for this but only if you guys are serious about that

Dosto jin bhi bachho ne humare Revision Videos ya fir Super 50/100 Marathons use kiye hai and unko helpful lage hai, is video ke comment me apna feedback jarur de jana, it will help more students in trusting me with their preparation, and isko relevant bachho tak pahucha sako toh will be much grateful, audit badiya ho jaye uski dua sath me free milegi 😀

Hi guys, we will be conducting guidance sessions for students preparing for May 26 attempt, only 100 participants will be possible for first session on 25th Jan 3 PM, if you want to enroll for the same, fill this form:
https://forms.gle/AGF4m3Z1y5DX6Zh7A

Dosto if you know anyone looking to buy our FM Batch, do share this with them!!

Apply by clicking here: https://forms.gle/FEoeQpCGNJakWoBm8

All files in one place:

1️⃣ Super 50 of Super 100 Questions:
Link

2️⃣ Super 100 COC Amendment:
Link

3️⃣ Super 100 Part 1 Class Notes:
Link

4️⃣ Super 100 Part 2 Class Notes:
Link

5️⃣ Theory Most Expected Qs with Trend Analysis:
Link

6️⃣ FM 360° Concept Notes:
Link

Dear Sir/Ma’am,

I hope this email finds you well. I wish to respectfully submit my representation regarding certain ambiguities and concerns observed in the CA Intermediate January 2026 Financial Management & Strategic Management Examination, which may kindly be considered at the time of evaluation.

1. Question 1(b) – Factoring / Receivables Financing

The question stated that “the factor will provide an advance of 85% of receivables, after keeping 15% as reserve.”

Based on the pattern consistently followed in ICAI questions:

(i) Where reserve is mentioned separately, the usual approach is: Average Receivables - Commission - Reserve = Amount available for advance, and interest is calculated on this amount and deducted from this to arrive at net advance, as followed in past ICAI examination questions.

(ii) Where only percentage of advance is specified, the net advance is directly computed by applying the given percentage on receivables without any further deductions, as seen in RTP December 2021 and MTP 2 for May 2023.

In the present question, both wordings were used simultaneously, which reasonably led to two possible interpretations and solution approaches.

In view of the above, I humbly request that both logically valid approaches may kindly be considered correct for evaluation purposes.

2. Question 3(a) – External Funds Requirement (EFR)

(Use the following paragraph ONLY if Question 3(a) was NOT attempted)

The question involved computation of External Funds Requirement (EFR) and its sources, which are concepts primarily covered at the CA Final (AFM) level and are not specifically covered under the CA Intermediate syllabus. Due to this syllabus-related uncertainty, many students, including myself, refrained from attempting the question despite adequate preparation.

Considering the significant weightage of 8 marks, I respectfully request ICAI to kindly consider awarding appropriate grace marks for Question No. 3(a) in the interest of students.

(Use the following paragraph ONLY if Question 3(a) was attempted)

The question involved computation of External Funds Requirement (EFR) and its sources, which are concepts primarily covered at the CA Final (AFM) level and are not specifically covered under the CA Intermediate syllabus. Although I attempted the question, I was unable to solve it satisfactorily despite adequate preparation of the relevant syllabus, including the Ratio Analysis chapter, due to the unfamiliar nature of the concept.

Considering the significant weightage of 8 marks, I respectfully request ICAI to kindly consider awarding appropriate grace marks for Question No. 3(a) in the interest of students.

3. FM Case Scenario – Cost of Convertible Debentures and WACC MCQs

(Use the following paragraph ONLY if the two MCQs were left unattempted)

One MCQ in the FM Case Scenario required computation of Cost of Convertible Debentures using the approximation method. In the absence of explicit information, it is a standard and widely accepted ICAI practice to assume Issue Price to be equal to the Current Market Price, which then forms the basis for calculating net proceeds, as consistently followed in several ICAI questions, for example, September 2024, January 2025 and May 2024 examinations, as well as various RTPs.

However, no option corresponding to the value derived using this assumption was available, which caused significant confusion and ultimately led me to leave this MCQ unattempted. Since the subsequent MCQ on Weighted Average Cost of Capital (WACC) depended on this cost, I was also unable to attempt that question, resulting in a loss of 4 marks in total.

I respectfully request ICAI to kindly consider awarding appropriate grace marks for these two MCQs.

(Use the following paragraph ONLY if incorrect options were selected)

One MCQ in the FM Case Scenario required computation of Cost of Convertible Debentures using the approximation method.

In the absence of explicit information, it is a standard and widely accepted ICAI practice to assume Issue Price to be equal to the Current Market Price, which then forms the basis for calculating net proceeds, as consistently followed in several ICAI questions, for example, September 2024, January 2025 and May 2024 examinations, as well as various RTPs.

However, no option corresponding to the value derived using this assumption was available. Due to this ambiguity, I was compelled to select a random option not only for this MCQ but also for the subsequent MCQ on Weighted Average Cost of Capital (WACC), which depended on the earlier computation, resulting in a loss of 4 marks.

4. In one of the MCQ of BPC Electronics, the dividend of Rs 30 was mentioned as 'declared and paid' indicating that the dividend is already paid and hence the price of Rs 480 must be ex-dividend already (rather than cum-dividend as done in a similar ICAI Study Mat Question) and hence we can directly use this price of Rs 480 to determine additional shares purchased leading to final answer of 44,625 shares. I kindly request ICAI to consider 44,625 as the correct answer in this MCQ otherwise this would lead to loss of marks for students who paid attention to the modification done by ICAI in the question and solved conceptually but still lost marks.

I respectfully request ICAI to kindly consider awarding appropriate grace marks for these two MCQs in the interest of students.

Thank you for your time and kind consideration.

Yours sincerely,
Name:
Registration No.:
Roll No.:
Contact No.:
Email ID:

https://youtu.be/UUwe8zm4emk

Watch this for grace marks and ICAI Blunders along with alternatives discussion

Before sending the mail:

1. Carefully delete all lines written in brackets such as
"(Use the following paragraph ONLY if…)”

2. Keep only those paragraphs that apply to you (attempted / not attempted / MCQs left / MCQs marked).

3. Ensure that the final email reads smoothly as a normal mail, without any instructions or headings referring to “use only if”.

4. Fill in your personal details correctly before sending.

5. Mark recipients as: examfeedback@icai.in &
intermediate_examhelpline@icai.in

6. Subject Line: Representation regarding ambiguities in CA Intermediate Jan 2026 FM&SM Question Paper

7. Pls note due to Telegram word limit, the full draft has gone in 2 texts, use both together.

8. Send the mail before 27th Jan

Thanks :)

Jo bachhe abhi bhejne wale hai, guys use the draft that I have shared here (its in 2 texts so dono le lena draft me)

Kuch bhi khunnas nahi nikalega ICAI guys, ye dekho mene bhi bheja tha Finals me proof dekh lo and that’s why is question me mene alag alternative kiya tha so mujhe uske marks mil gye the because of mail, 71 marks the mere is paper me

Tum log bhejoge toh ulta chance hoga ki marks mil jayenge, nhi bhejoge toh shyd ICAI tak baat pahuche hi na, nhi bhejne me koi fayda nhi hai, bhejne me hai, baaki ab aap log dekh lo, papers apke hai hum bass ap logo ke liy efforts le rhe hai

Guys, I want to be very honest here, when I made the video, it was not to gurantee you grace marks. The video was made with the intention to ensure that we communicate about all the errors and ambiguities to ICAI so that they are well aware and they take a positive decision of giving appropriate additional marks or alternatives. It is at the ICAI's decision now, let's just hope they pay heed to our concerns and take reasonable steps for us.

Hi Everyone, whoever had registered for today's guidance session, we have shared the zoom meeting link at your Mail ID. Do check your mail and join at 3 PM and it will be advisable to keep your cameras on during the session, it helps in better discussion, thanks!

See you in the session :)

You will get all the details about the batch in this PDF

Dosto jin bhi bachho ne humare Revision Videos ya fir Super 50/100 Marathons use kiye hai and unko helpful lage hai, is video ke comments section me apna feedback jarur de jana, it will help more students in trusting me with their preparation, and isko relevant bachho tak pahucha sako toh will be much grateful, thanks a lot ❤️