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CIMA CIMAPRA19-F03-1 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:F3 Financial Strategy
Exam Number:CIMAPRA19-F03-1
Exam Format:Objective test, Multiple choice, Scenario-based, Calculation questions
Exam Duration:90 minutes
Passing Score:100 (scaled from 0–150, approx. 67%)
Real Exam Qty:60
Related Certifications:CIMA E3 Strategic Management
CIMA P3 Risk Management
CIMA Strategic Case Study
CGMA Designation
Available Languages:English
Certificate Validity Period:No expiry; valid with active CIMA membership & CPD
Exam Price:£185 – £275 / $230 – $340 (varies by region)
Recommended Training:CIMA Approved Tuition Providers
CIMA Official Study Text
Exam Registration:CIMA Official Registration
Pearson VUE Scheduling
Sample Questions:CIMA CIMAPRA19-F03-1 Sample Questions
Exam Way:Computer-based; available at Pearson VUE test centres or online remote proctoring
Pre Condition:Completion of CIMA Operational and Management levels; or relevant exemptions
Official Syllabus URL:https://planner.cimaglobal.com/proqual/2019/strategic/F3

Cost of the CIMA F3: Financial Strategy Exam

The cost of the CIMA F3: Financial Strategy Exam is 300 US Dollars.

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Format of the CIMA F3: Financial Strategy Exam

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

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

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Financial Risk Management15%- Types and sources of financial risk
  • 1. Credit and liquidity risk
    • 2. Interest rate, foreign exchange, commodity risk
      - Risk measurement and assessment
      • 1. Value-at-Risk, duration, gap analysis
        - Risk mitigation and hedging strategies
        • 1. Use of derivatives: forwards, futures, swaps, options
          • 2. Internal controls and risk policy frameworks
            Investment Appraisal and Decisions25%- Risk analysis in investment decisions
            • 1. Sensitivity, scenario, and simulation analysis
              • 2. Cost of capital estimation and adjustment
                - Advanced investment appraisal techniques
                • 1. Discounted cash flow, NPV, IRR, MIRR
                  • 2. Adjusted present value and real options
                    Sources of Long-Term Finance25%- Debt and hybrid finance
                    • 1. Types of debt, terms, and covenants
                      • 2. Leasing, convertibles, and warrants
                        - Optimal capital structure
                        • 1. Impact of gearing on risk and return
                          • 2. Practical determinants of capital structure
                            - Equity finance
                            • 1. Types of equity and issue methods
                              • 2. Cost of equity and capital structure theories
                                Business Valuation20%- Valuation methods
                                • 1. Relative valuation and market multiples
                                  • 2. Asset-based, earnings-based, cash flow-based
                                    - Valuation concepts and purposes
                                    • 1. Valuation for mergers, acquisitions, and disposals
                                      • 2. Valuation for listing or equity issuance
                                        - Pricing and negotiation
                                        • 1. Determining offer price and terms
                                          • 2. Post-transaction value creation
                                            Financial Policy Decisions15%- Strategic financial objectives and governance
                                            • 1. Role of financial strategy in overall corporate strategy
                                              • 2. Agency theory and stakeholder interests
                                                - Dividend and distribution policy
                                                • 1. Practical considerations and constraints
                                                  • 2. Theories of dividend relevance

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