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  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Sep 02, 2026
  • Q & A: 435 Questions and Answers
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  • Exam Code: CIMAPRA19-F03-1
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CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Sources of Long-Term Funds25%- Equity Finance
  • 1. Rights issues
  • 2. Private placements
  • 3. Ordinary shares
- Capital Structure and Dividend Policy
  • 1. Capital structure theories
  • 2. Cost of capital
  • 3. Dividend policy theories
- Debt Finance
  • 1. Loan notes and bonds
  • 2. Bank borrowing
  • 3. Lease finance
Financial Policy Decisions15%- Development of Financial Strategy
  • 1. Dividend decisions
  • 2. Investment decisions
  • 3. Financing decisions
- Strategic Financial Objectives
  • 1. Shareholder wealth maximization
  • 2. Stakeholder objectives
  • 3. Financial and non-financial objectives
Financial Risks20%- Currency Risk Management
  • 1. Translation exposure
  • 2. Hedging techniques
  • 3. Transaction exposure
- Risk Identification and Assessment
  • 1. Liquidity risk
  • 2. Market risk
  • 3. Credit risk
- Interest Rate Risk Management
  • 1. Forward rate agreements
  • 2. Interest rate exposure
  • 3. Interest rate derivatives
Business Valuation40%- Mergers and Acquisitions
  • 1. Strategic rationale
  • 2. Acquisition financing
  • 3. Financial implications
- Business Valuation Techniques
  • 1. Discounted cash flow valuation
  • 2. Asset-based valuation
  • 3. Earnings and market-based valuation
- Post-Transaction Issues
  • 1. Integration planning
  • 2. Value realization
  • 3. Performance monitoring

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