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CIMA F3 exam covers several topics, including financial analysis, strategic planning, and risk management. Candidates will be expected to demonstrate their knowledge and understanding of these topics through a variety of tasks, including multiple-choice questions, case studies, and essays. F3 exam is designed to test not just the candidate's knowledge of financial strategy but also their ability to apply that knowledge in real-world scenarios.

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

CIMA F3 (F3 Financial Strategy) Certification Exam is one of the most important exams for finance professionals who want to achieve a successful career in the field of financial management. F3 exam is designed to test the knowledge and skills of candidates in the areas of financial strategy, risk management, and financial analysis. F3 exam is also designed to help candidates develop their decision-making and problem-solving abilities, which are essential for success in the finance industry.

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CIMAPRA19-F03-1 exam covers a wide range of topics related to financial strategy, including financial analysis, investment decisions, risk management, and capital structure. F3 exam is divided into two sections: Section A consists of objective test questions while Section B is a case study that requires candidates to apply their knowledge and skills to a real-life scenario. F3 exam is three hours long, and candidates are required to score at least 50% in each section to pass the exam.

Cost of the CIMA F3: Financial Strategy Exam

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

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CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Business Valuation20%- Valuation concepts and purposes
  • 1. Valuation for listing or equity issuance
    • 2. Valuation for mergers, acquisitions, and disposals
      - Pricing and negotiation
      • 1. Determining offer price and terms
        • 2. Post-transaction value creation
          - Valuation methods
          • 1. Relative valuation and market multiples
            • 2. Asset-based, earnings-based, cash flow-based
              Topic 2: Financial Risk Management15%- Risk measurement and assessment
              • 1. Value-at-Risk, duration, gap analysis
                - Risk mitigation and hedging strategies
                • 1. Use of derivatives: forwards, futures, swaps, options
                  • 2. Internal controls and risk policy frameworks
                    - Types and sources of financial risk
                    • 1. Credit and liquidity risk
                      • 2. Interest rate, foreign exchange, commodity risk
                        Topic 3: Investment Appraisal and Decisions25%- Advanced investment appraisal techniques
                        • 1. Discounted cash flow, NPV, IRR, MIRR
                          • 2. Adjusted present value and real options
                            - Risk analysis in investment decisions
                            • 1. Sensitivity, scenario, and simulation analysis
                              • 2. Cost of capital estimation and adjustment
                                Topic 4: Financial Policy Decisions15%- Strategic financial objectives and governance
                                • 1. Agency theory and stakeholder interests
                                  • 2. Role of financial strategy in overall corporate strategy
                                    - Dividend and distribution policy
                                    • 1. Theories of dividend relevance
                                      • 2. Practical considerations and constraints
                                        Topic 5: Sources of Long-Term Finance25%- Equity finance
                                        • 1. Cost of equity and capital structure theories
                                          • 2. Types of equity and issue methods
                                            - Optimal capital structure
                                            • 1. Impact of gearing on risk and return
                                              • 2. Practical determinants of capital structure
                                                - Debt and hybrid finance
                                                • 1. Types of debt, terms, and covenants
                                                  • 2. Leasing, convertibles, and warrants
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