CIMA CIMAPRA19-F03-1 Q&A - in .pdf

  • CIMAPRA19-F03-1 pdf
  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 23, 2026
  • Q & A: 435 Questions and Answers
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Reference: https://planner.cimaglobal.com/proqual/2019/strategic/F3

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Format of the CIMA F3: Financial Strategy Exam

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

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

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