CIMA CIMAPRA19-F03-1 Questions & Answers - in .pdf
- Total Q&A: 435
- Update: Aug 21, 2026
- Price: $59.99
- Vendor: CIMA
- Exam Code: CIMAPRA19-F03-1
- Exam Name: F3 Financial Strategy
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Introduction to CIMA F3: Financial Strategy Exam
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Reference: https://planner.cimaglobal.com/proqual/2019/strategic/F3
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CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Sources of Long-Term Finance | 25% | - Debt and hybrid finance
- 1. Leasing, convertibles, and warrants
- 2. Types of debt, terms, and covenants
- Optimal capital structure
- 1. Practical determinants of capital structure
- 2. Impact of gearing on risk and return
- Equity finance
- 1. Types of equity and issue methods
- 2. Cost of equity and capital structure theories
|
| Financial Policy Decisions | 15% | - Dividend and distribution policy
- 1. Practical considerations and constraints
- 2. Theories of dividend relevance
- Strategic financial objectives and governance
- 1. Role of financial strategy in overall corporate strategy
- 2. Agency theory and stakeholder interests
|
| Financial Risk Management | 15% | - 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
|
| Investment Appraisal and Decisions | 25% | - 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
|
| Business Valuation | 20% | - 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
- Valuation concepts and purposes
- 1. Valuation for mergers, acquisitions, and disposals
- 2. Valuation for listing or equity issuance
|
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