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Learning guide CIMA F3: Financial Strategy Exam

Exam Blueprint of CIMA F3: Financial Strategy Exam

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

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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%

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Financial Policy Decisions15%- Strategic financial objectives and stakeholder impact
  • 1. Financial objective setting
  • 2. Taxation and regulatory framework
  • 3. ESG and ethical influences
- Interaction between investment, financing and dividend decisions
Sources of Long-term Funds25%- Debt finance
  • 1. Leasing and sale-and-leaseback
  • 2. Bonds, loans, convertible instruments
- Capital structure theories and WACC
  • 1. Modigliani-Miller propositions
  • 2. Cost of capital calculation
- Equity finance
  • 1. Ordinary shares, preference shares, rights issues
  • 2. Flotation and listing methods
- Dividend policy and distribution strategies
Business Valuation40%- 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)
- Impairment testing and value management
- Valuation methods
  • 1. Asset-based valuation
  • 2. Discounted cash flow (DCF)
  • 3. Relative valuation: P/E, EV/EBITDA
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

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