F3: Financial Strategy
211 questionsF3 covers financial strategy at the highest level of the CIMA qualification, including the formulation of financial strategy, investment and financing decisions, and corporate valuation. You will study how organisations make major financial decisions including mergers, acquisitions, and restructuring. This is the Financial pillar subject at Strategic level, examined through a 90-minute objective test.
Topics
- Formulation of Financial Strategy
- Investment Decisions
- Financing Decisions
- Corporate Valuation
Frequently Asked Questions
What topics are covered in CIMA F3?
F3 covers four areas: formulation of financial strategy, investment decisions (including advanced NPV, real options, and international investment), financing decisions (including capital structure and dividend policy), and corporate valuation (including M&A and business valuations).
How is the F3 exam structured?
F3 is a 90-minute computer-based objective test containing 60 questions. Question types include multiple choice, multiple response, drag and drop, and number entry. It is available on demand at Pearson VUE test centres.
What is the pass mark for F3?
You need to score at least 70% to pass the F3 objective test. Results are available immediately after completing the exam.
Is F3 the hardest CIMA subject?
F3 is widely considered one of the most challenging CIMA subjects due to its combination of complex calculations and strategic thinking. Topics like corporate valuation and advanced investment appraisal require both numerical skill and conceptual understanding.