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Updated: Aug 07, 2026

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

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CIMA CIMAPRA19-F03-1 Exam Overview:

Exam Name:Financial Strategy
Exam Number:F3
Certificate Validity Period:Indefinite (once qualification requirements are completed)
Passing Score:100/150 (≈50%)
Available Languages:English
Exam Duration:90 minutes
Exam Format:Computer-based Objective Test, Multiple Choice Questions
Real Exam Qty:60
Related Certifications:CIMA Operational Level
CIMA Management Level
CGMA Designation
Recommended Training:CIMA Official Learning
Kaplan CIMA Training
Exam Registration:Pearson VUE CIMA Exams Booking
CIMA Official Exam Registration
Sample Questions:CIMA CIMAPRA19-F03-1 Sample Questions
Exam Way:Computer-based exam delivered via test centers or approved online proctoring platforms.
Pre Condition:Completion of CIMA Management Level (E2, P2, F2) is required before attempting F3.
Official Syllabus URL:https://www.aicpa-cima.com

CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:

SectionWeightObjectives
Investment Appraisal and Decisions25%- Investment evaluation techniques
  • 1. Risk and uncertainty in investment appraisal
    • 2. Net present value (NPV) and IRR
      Mergers, Acquisitions and Business Valuation10%- Valuation and deal structure
      • 1. Business valuation methods
        • 2. Synergies and acquisition analysis
          Financial Strategy Framework25%- Financial objectives and stakeholder value
          • 1. Corporate objectives and value creation
            • 2. Stakeholder management and agency theory
              Corporate Finance30%- Financing decisions
              • 1. Sources of finance and financial markets
                • 2. Capital structure and cost of capital
                  Financial Risk Management and Treasury10%- Risk management techniques
                  • 1. Foreign exchange risk management
                    • 2. Interest rate risk and hedging instruments

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