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Last Updated: Aug 12, 2026

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Format of the CIMA F3: Financial Strategy Exam

  • Length of Examination: 90 minutes
  • Format: Numerous choices, multiple responses
  • Number of questions: 60
  • Language: English
  • Passing score: 70 percent

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For more information visit

CIMA Official Website

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

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CIMA F3 Exam Syllabus Topics:

SectionWeightObjectives
Financial risks20%- Managing financial risks
  • 1. Hedging and derivatives
  • 2. Counterparty risk
  • 3. Currency and interest rate risks
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. Financial management policies
  • 2. Sustainability reporting
  • 3. Evaluating strategic objectives
Business valuation40%- Corporate finance and valuation
  • 1. Corporate restructuring and reconstructions
  • 2. Cost of capital (WACC, CAPM)
  • 3. Valuation methods (DCF, Multiples, Asset-based)
  • 4. Mergers, acquisitions, and divestments
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