CIMA CIMAPRA19-F03-1 exam is an essential certification for professionals pursuing a career in finance. CIMAPRA19-F03-1 exam is designed to test the candidate's understanding and knowledge of financial strategy and management. It is a challenging exam that requires a thorough understanding of financial concepts and their application in real-world scenarios. CIMAPRA19-F03-1 exam is intended for professionals who have already completed the CIMA Certificate in Business Accounting and the CIMA Operational and Management Level exams.
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CIMA F3 (Financial Strategy) certification exam is an important qualification for finance professionals who want to advance their careers. CIMAPRA19-F03-1 exam covers a wide range of topics related to financial strategy and is recognized by employers all over the world as a mark of excellence in the field of finance. Candidates who pass the exam can expect to earn higher salaries and have better career prospects than those who do not hold the qualification.
Reference: https://planner.cimaglobal.com/proqual/2019/strategic/F3
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CIMA F3 exam is divided into two sections: Section A and Section B. Section A covers the concept of financial strategy, its importance, and how to develop a financial strategy. Section B covers financial risk management, managing financial resources, and monitoring and controlling financial strategies. CIMAPRA19-F03-1 exam is computer-based and consists of objective test questions, which test the candidate's understanding of the topics covered in the syllabus.
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CIMA CIMAPRA19-F03-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Financial Policy Decisions | 15% | - Strategic financial objectives and stakeholder impact
- 1. ESG and ethical influences
- 2. Taxation and regulatory framework
- 3. Financial objective setting
- Interaction between investment, financing and dividend decisions
|
| Financial Risks | 20% | - Risk reporting and governance
- Risk management techniques
- 1. Hedging strategies
- 2. Derivatives: futures, forwards, swaps, options
- Risk measurement and assessment
- 1. Value-at-Risk, sensitivity analysis
- Types of financial risk
- 1. Credit and liquidity risk
- 2. Foreign exchange risk
- 3. Interest rate risk
|
| Sources of Long-term Funds | 25% | - Capital structure theories and WACC
- 1. Modigliani-Miller propositions
- 2. Cost of capital calculation
- Equity finance
- 1. Flotation and listing methods
- 2. Ordinary shares, preference shares, rights issues
- Dividend policy and distribution strategies
- Debt finance
- 1. Bonds, loans, convertible instruments
- 2. Leasing and sale-and-leaseback
|
| Business Valuation | 40% | - Impairment testing and value management
- Investment appraisal
- 1. Adjusted present value (APV)
- 2. NPV, IRR, payback, discounted payback
- Valuation methods
- 1. Relative valuation: P/E, EV/EBITDA
- 2. Discounted cash flow (DCF)
- 3. Asset-based valuation
- Mergers, acquisitions and divestments
- 1. Financing and post-deal integration
- 2. Valuation of target companies
|