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CIMA CIMA Strategic level F3

F3

Exam Code: F3

Exam Name: F3 Financial Strategy

Updated: Sep 06, 2026

Q & A: 435 Questions and Answers

F3 Free Demo download:

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About CIMA F3 Exam

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

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Format of the CIMA F3: Financial Strategy Exam

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

How to book CIMA F3: Financial Strategy Exam

  • Step 1: Visit the Official website
  • Step 2: Select the CIMA F3: Financial Strategy Exam
  • Step 3: Pay the exam amount through debit card

CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: 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
          Topic 2: 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
                  Topic 3: Sources of Long-Term Finance25%- Optimal capital structure
                  • 1. Impact of gearing on risk and return
                    • 2. Practical determinants of capital structure
                      - Debt and hybrid finance
                      • 1. Types of debt, terms, and covenants
                        • 2. Leasing, convertibles, and warrants
                          - Equity finance
                          • 1. Types of equity and issue methods
                            • 2. Cost of equity and capital structure theories
                              Topic 4: Financial Risk Management15%- Risk mitigation and hedging strategies
                              • 1. Use of derivatives: forwards, futures, swaps, options
                                • 2. Internal controls and risk policy frameworks
                                  - 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
                                        Topic 5: Business Valuation20%- Pricing and negotiation
                                        • 1. Determining offer price and terms
                                          • 2. Post-transaction value creation
                                            - Valuation concepts and purposes
                                            • 1. Valuation for listing or equity issuance
                                              • 2. Valuation for mergers, acquisitions, and disposals
                                                - Valuation methods
                                                • 1. Asset-based, earnings-based, cash flow-based
                                                  • 2. Relative valuation and market multiples

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