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How to book CIMA F3: Financial Strategy Exam

  • Step 1: Visit the Official website
  • Step 2: Select the CIMA F3: Financial Strategy Exam
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Salary of CIMA F3: Financial Strategy Exam

United States: 90,000 USD Europe: 77,500 Euro India: 6,750,000 INR England: 66,500 Pound

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Format of the CIMA F3: Financial Strategy Exam

  • Passing score: 70 percent
  • Length of Examination: 90 minutes
  • Language: English
  • Number of questions: 60
  • Format: Numerous choices, multiple responses

Reference: https://planner.cimaglobal.com/proqual/2019/strategic/F3

CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Risks20%- Risk management techniques
  • 1. Hedging strategies
  • 2. Derivatives: futures, forwards, swaps, options
- Risk measurement and assessment
  • 1. Value-at-Risk, sensitivity analysis
- Types of financial risk
  • 1. Foreign exchange risk
  • 2. Credit and liquidity risk
  • 3. Interest rate risk
- Risk reporting and governance
Topic 2: Financial Policy Decisions15%- Interaction between investment, financing and dividend decisions
- Strategic financial objectives and stakeholder impact
  • 1. Taxation and regulatory framework
  • 2. ESG and ethical influences
  • 3. Financial objective setting
Topic 3: Business Valuation40%- Impairment testing and value management
- Mergers, acquisitions and divestments
  • 1. Financing and post-deal integration
  • 2. Valuation of target companies
- Valuation methods
  • 1. Relative valuation: P/E, EV/EBITDA
  • 2. Asset-based valuation
  • 3. Discounted cash flow (DCF)
- Investment appraisal
  • 1. NPV, IRR, payback, discounted payback
  • 2. Adjusted present value (APV)
Topic 4: Sources of Long-term Funds25%- Equity finance
  • 1. Ordinary shares, preference shares, rights issues
  • 2. Flotation and listing methods
- Capital structure theories and WACC
  • 1. Modigliani-Miller propositions
  • 2. Cost of capital calculation
- Dividend policy and distribution strategies
- Debt finance
  • 1. Bonds, loans, convertible instruments
  • 2. Leasing and sale-and-leaseback

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