CIMA F3 Q&A - in .pdf

  • F3 pdf
  • Exam Code: F3
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 25, 2026
  • Q & A: 435 Questions and Answers
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  • Exam Code: F3
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  • 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%

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

CIMA F3 Exam Syllabus Topics:

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