CIMA CIMAPRA19-F03-1 Q&A - in .pdf

  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 17, 2026
  • Q & A: 435 Questions and Answers
  • PDF Price: $59.99
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  • Exam Code: CIMAPRA19-F03-1
  • Exam Name: F3 Financial Strategy
  • Updated: Aug 17, 2026
  • Q & A: 435 Questions and Answers
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CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

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

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