CIMA F3 Financial Strategy : F3

  • Exam Code: F3
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 09, 2026     Q & A: 435 Questions and Answers

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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%

Salary of CIMA F3: Financial Strategy Exam

United States: 90,000 USD Europe: 77,500 Euro India: 6,750,000 INR England: 66,500 Pound

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

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CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Investment Appraisal and Decisions25%- Risk analysis in investment decisions
  • 1. Cost of capital estimation and adjustment
    • 2. Sensitivity, scenario, and simulation analysis
      - Advanced investment appraisal techniques
      • 1. Discounted cash flow, NPV, IRR, MIRR
        • 2. Adjusted present value and real options
          Topic 2: Financial Risk Management15%- Risk measurement and assessment
          • 1. Value-at-Risk, duration, gap analysis
            - Types and sources of financial risk
            • 1. Credit and liquidity risk
              • 2. Interest rate, foreign exchange, commodity risk
                - Risk mitigation and hedging strategies
                • 1. Use of derivatives: forwards, futures, swaps, options
                  • 2. Internal controls and risk policy frameworks
                    Topic 3: Sources of Long-Term Finance25%- Debt and hybrid finance
                    • 1. Leasing, convertibles, and warrants
                      • 2. Types of debt, terms, and covenants
                        - 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
                                Topic 4: Business Valuation20%- Valuation concepts and purposes
                                • 1. Valuation for mergers, acquisitions, and disposals
                                  • 2. Valuation for listing or equity issuance
                                    - Pricing and negotiation
                                    • 1. Post-transaction value creation
                                      • 2. Determining offer price and terms
                                        - Valuation methods
                                        • 1. Asset-based, earnings-based, cash flow-based
                                          • 2. Relative valuation and market multiples
                                            Topic 5: 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. Theories of dividend relevance
                                                  • 2. Practical considerations and constraints

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