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CIMA F3

F3

Exam Code: F3

Exam Name: F3 Financial Strategy

Updated: Aug 17, 2026

Q & A: 435 Questions and Answers

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Cost of the CIMA F3: Financial Strategy Exam

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

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

CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Sources of Long-Term Funds25%- Equity Finance
  • 1. Ordinary shares
  • 2. Rights issues
  • 3. Private placements
- Debt Finance
  • 1. Loan notes and bonds
  • 2. Bank borrowing
  • 3. Lease finance
- Capital Structure and Dividend Policy
  • 1. Capital structure theories
  • 2. Dividend policy theories
  • 3. Cost of capital
Financial Risks20%- Currency Risk Management
  • 1. Hedging techniques
  • 2. Transaction exposure
  • 3. Translation exposure
- Interest Rate Risk Management
  • 1. Interest rate exposure
  • 2. Forward rate agreements
  • 3. Interest rate derivatives
- Risk Identification and Assessment
  • 1. Credit risk
  • 2. Market risk
  • 3. Liquidity risk
Business Valuation40%- Post-Transaction Issues
  • 1. Performance monitoring
  • 2. Integration planning
  • 3. Value realization
- Business Valuation Techniques
  • 1. Discounted cash flow valuation
  • 2. Earnings and market-based valuation
  • 3. Asset-based valuation
- Mergers and Acquisitions
  • 1. Financial implications
  • 2. Strategic rationale
  • 3. Acquisition financing
Financial Policy Decisions15%- Strategic Financial Objectives
  • 1. Stakeholder objectives
  • 2. Shareholder wealth maximization
  • 3. Financial and non-financial objectives
- Development of Financial Strategy
  • 1. Investment decisions
  • 2. Financing decisions
  • 3. Dividend decisions

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