CIMA F3 Financial Strategy : F3

  • Exam Code: F3
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 25, 2026
  • Q & A: 435 Questions and Answers

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

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Format of the CIMA F3: Financial Strategy Exam

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

Topics of the CIMA F3: Financial Strategy Exam

CIMA F3 exam dumps included the following topics:

  • Financial policy decisions 15%
  • Sources of long-term funds 25%
  • Financial risks 20%
  • Business valuation 40%

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CIMA F3 Exam Syllabus Topics:

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

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