CMA · Final Course · Elective
Paper 20A: Strategic Performance Management and Business Valuation
100 marksQuestion analysis: not available yet
Marks and group from CMA Syllabus 2022 (CMA_Syllabus2022_FV.pdf), PDF p.13 'ELECTIVES' 20A/20B/20C: students select any one at Final enrolment.
Past papers by attempt
Question paper for each term. ICMAI suggested answers require a student login and are not linked.
| Attempt | Question paper |
|---|---|
| June 2026 | Open paper (official ICMAI PDF, opens in a new tab) |
| December 2025 | Open paper (official ICMAI PDF, opens in a new tab) |
| June 2025 | Open paper (official ICMAI PDF, opens in a new tab) |
| December 2024 | Open paper (official ICMAI PDF, opens in a new tab) |
| June 2024 | Open paper (official ICMAI PDF, opens in a new tab) |
| December 2023 | Open paper (official ICMAI PDF, opens in a new tab) |
“Not available” means no official document is linked for that attempt: either ICMAI has not published it publicly, or it has not been catalogued yet.
Syllabus and study material
Revision and practice papers
- Practice Test Paper (Syllabus 2022) - Paper 20A - STRATEGIC PERFORMANCE MANAGEMENT AND BUSINESS VALUATION - AnswersPractice / model test paperLink checked 23 Oct 2026Open at ICMAI (opens the official ICMAI document in a new tab)
- Practice Test Paper (Syllabus 2022) - Paper 20A - STRATEGIC PERFORMANCE MANAGEMENT AND BUSINESS VALUATION - QuestionsPractice / model test paperLink checked 23 Oct 2026Open at ICMAI (opens the official ICMAI document in a new tab)