CMA Inter Financial Management and Business Data Analytics (FMBDA) June 2025 Exam Analysis

CMA Inter Financial Management and Business Data Analytics (FMBDA) June 2025 Exam Analysis

The CMA Inter June 2025 FMBDA Paper wasn’t just another routine exam – it marked a shift in how CMA Inter students are expected to think, calculate, and apply concepts. This time, Financial Management focused more on time control, while Business Data Analytics tested conceptual clarity more than ever before.

In this CMA Inter Financial Management and Business Data Analytics exam June 2025 analysis, we will break down the topics covered, their weightage, difficulty level, what changed compared to past attempts, and most importantly, what it all means for CMA Inter December 2025 aspirants.

CMA Inter Paper 11 FMBDA exam June 2025 analysis: Overall difficulty level

Section

Marks

Difficulty Level

Section A (MCQs)

30

Moderate

Section B (Descriptive)

70

Moderate to Difficult

CMA Inter Paper 11 June 2025 Analysis: Topic-wise Difficulty Analysis

Topic

Marks

Difficulty

Capital Budgeting (NPV & PI)

14

Difficult

Working Capital Management

14

Difficult

Cost of Capital (WACC)

14

Difficult

Dividend Theories

14

Easy to Moderate

Leverages & EPS Analysis

7

Moderate

Primary vs Secondary Market

7

Easy

Predictive Analytics

14

Easy to Moderate

Digitisation in Business

7

Easy

BDA MCQs (KNN, Aggregation, etc.)

6

Easy

CMA Inter Financial Management and Business Data Analytics June 2025 Exam Analysis: Topics Covered

Broad Topic Area

Subtopics Tested

Capital Budgeting

NPV, PI, and Project comparison

Working Capital Management

Estimation, Cash Conversion Cycle, Credit Policy Decision

Cost of Capital

WACC using market value weights, beta, and Kd of redeemable debt

Dividend Theories

Walter Model, Gordon Model, MM Theory

Leverages

Operating, Financial & Combined Leverage; EPS sensitivity

Ratio Analysis

EPS, PE ratio, book value

Primary vs Secondary Market

Theoretical difference

Cash Flow from Operations

Adjusted P&L + Working Capital Adjustments

General Financial MCQs

Formula-based & theory: Perpetuity, Market Risk, Commercial Paper, Debentures

Business Data Analytics (BDA)

Predictive Analytics, Digitization Phases, Data Sorting, Algorithmic Trading, KNN

 

CMA Inter Financial Management and Business Data Analytics June 2025 vs Past Attempts 

Aspect

June 2025

Dec 2023

June 2023

Capital Budgeting

3-project NPV + PI comparison

NPV & IRR (2-project)

NPV + discounted payback

Cost of Capital

WACC using market weights + CAPM + YTM on redeemable debt

WACC with book value

CAPM only

Working Capital

Estimation + Credit Policy Evaluation

Basic WC Estimation

Inventory & Receivable Cycle

Dividend Theories

Full 14-mark theory + MCQs (Walter, Gordon, MM)

Only 2 MCQs

Small theory question

Leverages & EPS

Included impact of sales change on EPS

Only formula-based

Not asked

Cash Flow (Operating Activities)

Indirect method + multiple adjustments

Direct format

Not asked

Ratio Analysis

PE Ratio, EPS, Book Value, Dividend Payout

Only ROE & EPS

ROCE/ROA

MCQs – FM

Concept + numericals mixed

Mostly theory

Mostly theory

BDA – Theory

Full theory questions on Predictive Analytics, and Digitisation

Only definitions & one-liners

Not asked in detail

BDA – MCQs

5–6 questions: KNN, Data Sorting, Algo Trading

Max 2 questions

1 question

 

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Key observation in CMA Inter Paper 11 June 2025 

The CMA Inter FMBDA paper had many lengthy calculations, especially in FM. Time management was important.

BDA in Paper 11 was theory-based. Easy to score if you revised definitions and flowcharts.

In CMA Inter Paper 11 June 2025, MCQs were well – balanced, around 10 from FM and 5 from BDA.

In Financial Management and Business Data Analytics, some questions had tricky details like advance payments and working capital timing. These needed careful reading.

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Tips for CMA Inter December 2025 students

If you are preparing for the CMA Inter Financial Management and Business Data Analytics December 2025 session, then follow the key strategies and tips based on CMA Inter June 2025 paper trends:

Understand the concept deeply: Revise all FM formulas – cost of capital, leverage ratios, valuation models, and working capital concepts. Make short revision notes and a formula chart.

Practice case-based questions: Expect multi-step case studies, especially in Capital Budgeting, Cash flow, and dividend policies. Practice past year papers and mock tests.

Prepare financial ratios & valuation method: Prepare well for EPS, P/E Ratio, Book value, and their Interrelationships. Understand Gordon’s and Walter’s model with graphical interpretation.

Don’t ignore business data analytics: This section in CMA Inter Financial Management and Business Data Analytics is scoring but often neglected. Cover basics like:

  • Predictive analysis

  • Data scoring and aggregation

  • Clustering Algorithms (like KNN)

  • Applications in real business scenarios

Time management is crucial: Solve CMA Inter mock test papers and past year papers with a timer. Prioritize questions based on mark weightage and familiarity.

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Conclusion

The CMA Inter June 2025 Financial Management and Business Data Analytics paper tested both speed and understanding. FM requires heavy calculation, while BDA focuses on key concepts. For December 2025, focus on smart revision, strong fundamentals, and balanced preparation in both FM and BDA to clear CMA Inter exam in first attempt.

FAQs

Ques: Was the CMA Inter June 2025 FMDA paper tougher than previous attempts?

Ans: Yes, the CMA Inter June 2025 FMDA paper was slightly more challenging. FM questions were longer and more detailed, and BDA had more weightage than usual.

Ques: How many marks were covered from Business Data Analytics (BDA) in the CMA Inter June 2025 FMDA paper?

Ans: Approximately 25-30 marks came from BDA, including both MCQs and descriptive theory questions in the CMA Inter June 2025 FMDA paper.

Ques: Which topics carried more marks weight in FM?

Ans: Capital budgeting, Cost of Capital, and Working Capital management had the highest weightage in FM.

Ques: Were the MCQs easy in CMA Inter Financial Management and Business Data Analytics June 2025?

Ans: In CMA Inter Financial Management and Business Data Analytics, MCQs were a balanced mix of theory and quick calculations. Some BDA-Based MCQs were new and conceptual.

Ques: Will this pattern continue in December 2025?

Ans: Most likely yes, the shift towards analytical FM questions and increased BDA weightage may continue, so prepare accordingly.

Ques: Where do I get free notes for CMA Inter December 2025?

Ans: To download free CMA Inter notes PDF click here.

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