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To prepare for the CIMA CIMAPRA19-F03-1 (F3 Financial Strategy) Certification Exam, candidates can take advantage of various resources such as study guides, online courses, and practice exams. These resources are designed to help candidates gain a deeper understanding of the topics covered in the exam and develop the skills needed to pass the exam successfully. With this certification, individuals can enhance their career prospects, expand their professional network, and gain recognition as an expert in financial strategy.

CIMA CIMAPRA19-F03-1 (F3 Financial Strategy) Certification Exam is a professional certification that is designed to test and validate the financial strategy expertise of candidates. F3 Financial Strategy certification exam is offered by the Chartered Institute of Management Accountants (CIMA), which is a globally recognized professional body that offers qualifications, training, and support to management accountants. The CIMAPRA19-F03-1 exam is one of the several exams that CIMA offers to candidates who want to become certified management accountants.

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

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CIMA F3 exam is an objective test that consists of 60 multiple-choice questions. CIMAPRA19-F03-1 exam is divided into two sections: Section A and Section B. Section A consists of 30 questions that cover financial strategy, risk management, and financial analysis. Section B consists of 30 questions that cover financial decision making, investment appraisal, and cost management.

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

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

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