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CIMA F3 Certification Exam is divided into two sections. The first section focuses on financial analysis and risk management, while the second section covers investment appraisal and strategic planning. F3 exam is computer-based and consists of objective-type questions. Candidates are required to pass both sections of the exam to earn the certification. F3 exam is challenging, but with the right preparation, candidates can increase their chances of success.

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

The CIMA F3 exam takes into account current industry trends to ensure that students gain knowledge about the latest practices and developments in the field. Through the CIMA F3 exam, students can understand financial strategy best practices and use them in financial management within any organization regardless of the industry.

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CIMA F3 (Financial Strategy) certification exam is an important qualification for finance professionals who want to advance their careers. F3 exam covers a wide range of topics related to financial strategy and is recognized by employers all over the world as a mark of excellence in the field of finance. Candidates who pass the exam can expect to earn higher salaries and have better career prospects than those who do not hold the qualification.

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To get the CIMA certification takes a certain amount of time and energy. Even for some exam like F3, the difficulty coefficient is high, the passing rate is extremely low, even for us to grasp the limited time to efficient learning. So how can you improve your learning efficiency? Here, I would like to introduce you to a very useful product -- the F3 practice materials, through the information and data provided by it, I believe you will be able to pass the qualifying examination quickly and efficiently. Overall, the study materials have three major advantages.

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CIMA CIMAPRA19-F03-1 (F3 Financial Strategy) Certification Exam is a computer-based test that consists of objective-type questions. F3 exam is divided into two sections, each containing 50 questions. The first section of the exam covers the development of financial strategies, while the second section covers the implementation of those strategies. F3 exam is designed to assess the candidate's knowledge and understanding of financial strategy development and implementation.

CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Sources of Long-term Funds25%- Debt finance
  • 1. Bonds, loans, convertible instruments
  • 2. Leasing and sale-and-leaseback
- Capital structure theories and WACC
  • 1. Cost of capital calculation
  • 2. Modigliani-Miller propositions
- Equity finance
  • 1. Flotation and listing methods
  • 2. Ordinary shares, preference shares, rights issues
- Dividend policy and distribution strategies
Financial Risks20%- 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
- Risk reporting and governance
Business Valuation40%- Impairment testing and value management
- 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)
- Valuation methods
  • 1. Asset-based valuation
  • 2. Relative valuation: P/E, EV/EBITDA
  • 3. Discounted cash flow (DCF)
Financial Policy Decisions15%- Interaction between investment, financing and dividend decisions
- Strategic financial objectives and stakeholder impact
  • 1. Financial objective setting
  • 2. ESG and ethical influences
  • 3. Taxation and regulatory framework

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