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Last Updated: Sep 13, 2026

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One of the key objectives of the CIMA F3 exam is to equip candidates with the skills and knowledge needed to develop and implement effective financial strategies that support the overall goals of an organization. This requires a deep understanding of financial analysis, risk management, and performance measurement techniques, as well as the ability to communicate financial information effectively to stakeholders.

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CIMA CIMAPRA19-F03-1 exam, commonly known as F3 Financial Strategy, is designed to test an individual’s financial strategy creation and implementation skills. A part of the Chartered Institute of Management Accountants (CIMA) certification, F3 exam is meant for advanced level professionals who want to improve their knowledge in financial strategy concepts. It is also an essential exam for those pursuing or planning to pursue a career in finance or accounting.

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

CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Business valuation40%- Corporate finance and valuation
  • 1. Valuation methods (DCF, Multiples, Asset-based)
  • 2. Corporate restructuring and reconstructions
  • 3. Mergers, acquisitions, and divestments
  • 4. Cost of capital (WACC, CAPM)
Financial risks20%- Managing financial risks
  • 1. Hedging and derivatives
  • 2. Currency and interest rate risks
  • 3. Counterparty risk
Sources of long-term funds25%- Financing and dividend decisions
  • 1. External factors influencing financial strategy
  • 2. Relationship between investment, financing, and dividends
  • 3. Capital structure decisions
Financial policy decisions15%- Formulation of financial strategy
  • 1. Evaluating strategic objectives
  • 2. Financial management policies
  • 3. Sustainability reporting
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