Corporate Accounting & Auditing – CRACKER (Previous Exams Solved Papers) is a strategically designed, exam-intelligence-driven practice manual for CMA Intermediate – Group II | Paper 10, applicable for the June/December 2026 examinations. This Edition (January 2026) is built on a rigorous analysis of past CMA examination papers up to December 2025, converting historical exam data into an actionable preparation strategy. Unlike conventional question banks, this CRACKER does not merely present solved papers. It decodes examiner behaviour, highlights recurring patterns, and equips students with a clear understanding of what to study, how deeply to study, and where marks are consistently tested—thereby enabling focused, high-return preparation.

The Present Publication is the 6^th Edition, authored by CA. Tarun Agarwal and CA. Leena Lalit Parakh, with the following noteworthy features:

• [Comprehensive Past Exam Coverage] Covers previous CMA examination questions up to December 2025, presented module-wise with fully solved, exam-compliant answers covering both theory and practical components
• [Previous Exams Trend Analysis] Includes detailed year-wise and question-wise trend analysis tables, highlighting:
  • Compulsory vs optional questions
  • Chapter/module tested
  • Marks allocation
  • Nature of questions (Theory/Practical)
  • This enables clear identification of frequently tested and high-scoring areas
• [Module-wise Marks Distribution] Provides a structured view of historical marks distribution across Corporate Accounting and Auditing modules, assisting students in prioritising study time based on actual exam weightage
• [Chapter-opening Tabular Summaries] Each chapter begins with a concise tabular snapshot summarising:
  • Topics covered
  • Past exam relevance
  • Trend indicators
  • This allows quick orientation and selective, focused revision
• [Module-wise Comparison with CMA Study Material] Features a dedicated module-mapping table aligning CRACKER content with CMA Study Material module numbers, ensuring complete syllabus alignment and eliminating duplication
• [Exam-oriented Answer Presentation] Solutions are drafted strictly in line with CMA examination expectations, emphasising logical flow, statutory references, clarity, and effective marks presentation
• [Balanced Coverage of Theory & Practical Questions] Reflects the actual composition of CMA examinations by providing proportionate coverage of numerical problems and descriptive answers across all modules

The coverage of this book is as follows:

• Section A – Corporate Accounting
• Accounting for Shares and Debentures
• Preparation of Statement of Profit & Loss and Balance Sheet (as per Schedule III of the Companies Act 2013)
• Cash Flow Statements
• Accounts of Banking, Electricity, and Insurance Companies
• Accounting Standards
• Section B – Auditing
• Basic Concepts of Auditing
• Provisions relating to Audit under the Companies Act, 2013
• Auditing of Different Types of Undertakings
• Additionally, the book includes
• Module-wise solved papers of recent examinations (including Dec. 2024, June 2025, Dec. 2025)
• Structured solutions integrating statutory provisions, standards, and conceptual clarity
• Balanced coverage of numerical problems and descriptive answers, reflecting actual exam composition

The structure of the book is as follows:

• Strategic Front Section
• Module-wise Marks Distribution
• Previous Exams Trend Analysis
• Module-wise Comparison with CMA Study Material
• Core Content Arrangement
• Divided into Section A (Corporate Accounting) and Section B (Auditing)
• Each module is presented independently with:
• Chapter overview and tabular snapshot
• Past exam questions
• Suggested exam-oriented answers
• Solved Paper Integration
• Recent examination papers solved and presented module-wise, enabling focused practice rather than random question solving
• This structure allows the book to be used effectively for:
• Full-syllabus preparation
• Selective topic-wise practice
• Final-stage revision and exam planning