CIMA CIMAPRA19-F03-1 Exam Questions : F3 Financial Strategy

  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 06, 2026
  • Q&As: 435 Questions and Answers

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Salary of CIMA F3: Financial Strategy Exam

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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

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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%

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

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

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

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