F3 Financial Strategy: F3 Exam

"F3 Financial Strategy", also known as F3 exam, is a CIMA Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 435 Q&As to your F3 Exam preparation. In the F3 exam resources, you will cover every field and category in CIMA Strategic level Certification helping to ready you for your successful CIMA Certification.

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  • Exam Code: F3
  • Exam Name: F3 Financial Strategy
  • Certification Provider: CIMA
  • Corresponding Certification: CIMA Strategic level
  • Updated: Aug 17, 2026
  • No. of Questions: 435 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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

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CIMA F3 Exam Syllabus Topics:

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

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