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CIMAPRA19-F03-1 pdf
  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 25, 2026
  • Q & A: 435 Questions and Answers
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  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 25, 2026
  • Q & A: 435 Questions and Answers
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  • Exam Code: CIMAPRA19-F03-1
  • 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

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

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

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

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