CIMA CIMAPRA19-F03-1 : F3 Financial Strategy

CIMAPRA19-F03-1 real exams

Exam Code: CIMAPRA19-F03-1

Exam Name: F3 Financial Strategy

Updated: Aug 21, 2026

Q & A: 435 Questions and Answers

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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 CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Financial Risk Management15%- Risk mitigation and hedging strategies
  • 1. Internal controls and risk policy frameworks
    • 2. Use of derivatives: forwards, futures, swaps, options
      - 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
            Investment Appraisal and Decisions25%- Risk analysis in investment decisions
            • 1. Cost of capital estimation and adjustment
              • 2. Sensitivity, scenario, and simulation analysis
                - Advanced investment appraisal techniques
                • 1. Discounted cash flow, NPV, IRR, MIRR
                  • 2. Adjusted present value and real options
                    Business Valuation20%- Valuation concepts and purposes
                    • 1. Valuation for mergers, acquisitions, and disposals
                      • 2. Valuation for listing or equity issuance
                        - Valuation methods
                        • 1. Relative valuation and market multiples
                          • 2. Asset-based, earnings-based, cash flow-based
                            - Pricing and negotiation
                            • 1. Determining offer price and terms
                              • 2. Post-transaction value creation
                                Financial Policy Decisions15%- Dividend and distribution policy
                                • 1. Practical considerations and constraints
                                  • 2. Theories of dividend relevance
                                    - Strategic financial objectives and governance
                                    • 1. Agency theory and stakeholder interests
                                      • 2. Role of financial strategy in overall corporate strategy
                                        Sources of Long-Term Finance25%- Debt and hybrid finance
                                        • 1. Leasing, convertibles, and warrants
                                          • 2. Types of debt, terms, and covenants
                                            - Optimal capital structure
                                            • 1. Impact of gearing on risk and return
                                              • 2. Practical determinants of capital structure
                                                - Equity finance
                                                • 1. Types of equity and issue methods
                                                  • 2. Cost of equity and capital structure theories

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