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CIMA F3 exam is a crucial element of the Chartered Institute of Management Accountants professional qualification. The F3 exam is also known as the Financial Strategy exam and covers a range of topics that are essential for management accountants. CIMAPRA19-F03-1 exam is designed to test the knowledge and understanding of candidates in areas such as strategic financial management, financial risk management, and financial strategy implementation.

CIMA F3 certification exam is targeted at finance professionals who are looking to advance their careers in the field of financial management. This includes finance managers, financial analysts, investment managers, and other finance professionals who are responsible for making strategic financial decisions. CIMAPRA19-F03-1 exam is designed to test the candidate's ability to apply financial management theories and concepts to real-world scenarios.

CIMA F3 (Financial Strategy) Exam is an important part of the CIMA qualification, which is recognized globally as a leading professional qualification for management accountants. The F3 Exam is designed to test the candidate's ability to apply financial strategy concepts and techniques to real-life business situations. CIMAPRA19-F03-1 exam is divided into two sections: Section A and Section B. Section A consists of 35 objective test questions, while Section B is a case study that comprises of a set of questions related to the case study.

CIMA F3 Exam is a three-hour computer-based test that consists of 60 multiple-choice questions. It is divided into two parts: Section A and Section B. Section A contains 35 questions and covers a broad range of financial strategy topics, such as financial statement analysis, cost management, and risk management. Section B contains 25 questions that are based on a specific case study. Candidates are expected to apply the knowledge and skills they have acquired throughout the course in order to analyze the case and develop financial strategies that address the challenges presented.

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

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Financial Policy Decisions15%- Development of Financial Strategy
  • 1. Financing decisions
  • 2. Dividend decisions
  • 3. Investment decisions
- Strategic Financial Objectives
  • 1. Shareholder wealth maximization
  • 2. Financial and non-financial objectives
  • 3. Stakeholder objectives
Sources of Long-Term Funds25%- Equity Finance
  • 1. Private placements
  • 2. Ordinary shares
  • 3. Rights issues
- Debt Finance
  • 1. Lease finance
  • 2. Bank borrowing
  • 3. Loan notes and bonds
- Capital Structure and Dividend Policy
  • 1. Dividend policy theories
  • 2. Cost of capital
  • 3. Capital structure theories
Business Valuation40%- Business Valuation Techniques
  • 1. Discounted cash flow valuation
  • 2. Earnings and market-based valuation
  • 3. Asset-based valuation
- Mergers and Acquisitions
  • 1. Financial implications
  • 2. Strategic rationale
  • 3. Acquisition financing
- Post-Transaction Issues
  • 1. Value realization
  • 2. Performance monitoring
  • 3. Integration planning
Financial Risks20%- Currency Risk Management
  • 1. Transaction exposure
  • 2. Translation exposure
  • 3. Hedging techniques
- Interest Rate Risk Management
  • 1. Interest rate exposure
  • 2. Forward rate agreements
  • 3. Interest rate derivatives
- Risk Identification and Assessment
  • 1. Liquidity risk
  • 2. Market risk
  • 3. Credit risk

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