CIMA CIMAPRA19-F03-1 actual dump : F3 Financial Strategy

CIMAPRA19-F03-1
  • 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 CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Business Valuation20%- Valuation methods
  • 1. Relative valuation and market multiples
    • 2. Asset-based, earnings-based, cash flow-based
      - 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
              Financial Policy Decisions15%- Strategic financial objectives and governance
              • 1. Role of financial strategy in overall corporate strategy
                • 2. Agency theory and stakeholder interests
                  - Dividend and distribution policy
                  • 1. Theories of dividend relevance
                    • 2. Practical considerations and constraints
                      Financial Risk Management15%- Types and sources of financial risk
                      • 1. Interest rate, foreign exchange, commodity risk
                        • 2. Credit and liquidity risk
                          - 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
                                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
                                        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. Practical determinants of capital structure
                                              • 2. Impact of gearing on risk and return
                                                - Debt and hybrid finance
                                                • 1. Leasing, convertibles, and warrants
                                                  • 2. Types of debt, terms, and covenants

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