F3 - Study Material - Financial Strategy

The CIMA F3 Financial Strategy exam is designed to assess a candidate's understanding of the financial aspects of corporate strategy. It covers areas such as financial planning, capital structure, and risk management. The exam is a part of the CIMA Professional Qualification and is one of the three multiple-choice tests that must be completed in order to become a Chartered Global Management Accountant (CGMA).

The CIMA F3 exam is a computer-based exam and has a duration of 2 hours and 15 minutes.

There are 70 multiple-choice questions in the CIMA F3 exam.

The passing score required in the CIMA F3 exam is 50%.

The CIMA F3 exam requires a Competency Level 2. This includes having a basic understanding of the topics and being able to apply knowledge to a limited range of situations.

The CIMA F3 exam consists of objective test (OT) questions and case study questions. The OT questions are multiple choice, with four options and one correct answer. The case study questions require students to answer a set of questions based on a given scenario.

The Cima F3 exam can be taken either online or in a testing center. To take the exam online, you must first register on the CIMA website and pay the exam fee. Once registered, you will be able to access the online exam platform and complete the exam. To take the exam in a testing center, you must first register on the CIMA website and pay the exam fee. Once registered, you will be able to access the CIMA website and book a seat at a testing center. On the day of the exam, you will need to bring a valid form of identification and your exam payment receipt to the testing center.

The CIMA F3 exam is offered in English.

The CIMA F3 exam costs £85.

The target audience of the CIMA F3 exam is finance professionals who are looking to gain a thorough understanding of financial reporting and analysis. This exam is designed to help professionals gain the skills and knowledge needed to identify, analyze, and interpret financial information.

The exact salary you can expect to earn after completing the CIMA F3 exam certification will depend on a variety of factors, such as your experience, the industry you work in, and the region where you live. Generally speaking, however, CIMA F3 certified professionals can expect to earn an average salary of $60,000 - $80,000 per year.

The Association of Chartered Certified Accountants (ACCA) is the only organization authorized to provide testing for the CIMA F3 exam.

In order to be successful in the CIMA F3 exam, it is recommended that candidates have some basic knowledge of financial management and accounting concepts, as well as strong problem-solving and analytical skills. Candidates should also have a solid understanding of financial mathematics, be able to critically evaluate financial information, and be able to interpret and use financial information to make business decisions. Additionally, it is recommended that candidates have some prior experience in the practical application of financial management and accounting concepts, as this will help them to understand the concepts tested in the exam.

In order to take the CIMA F3 exam, you must have successfully passed CIMA E1 and CIMA P2 exams.

The official website for CIMA exams can be found here: https://www.cimaglobal.com/qualifications/professional-qualifications/cima-qualification/exams/. You can find the expected retirement dates for each exam on the relevant exam page.

The CIMA F3 certification roadmap is as follows: 1. Register for the CIMA F3 exam. 2. Complete the CIMA F3 study material. 3. Take practice tests and review your results. 4. Attend a CIMA F3 exam preparation course. 5. Take the CIMA F3 exam. 6. Receive your CIMA F3 certification.

The CIMA F3 exam covers the following topics: 1. Business Strategy: This topic focuses on the formulation and implementation of business strategies and how they affect the financial performance of an organisation. It covers topics such as competitive advantage, corporate objectives, segmentation, diversification and strategic alliances. 2. Organisational Structures and Processes: This topic covers the design, implementation and management of organisational structures and processes. It looks at topics such as organisational design, organisational culture, change management, resource allocation and performance management. 3. Risk Management: This topic covers the identification, assessment and management of risk. It looks at topics such as risk identification, assessment, control and monitoring. 4. Financial Analysis: This topic covers the use of financial statements and ratios to assess the financial performance of an organisation. It looks at topics such as financial ratios, trend analysis, benchmarking and forecasting. 5. Financial Planning and Control

1. How does the concept of materiality affect the financial reporting process? 2. What is the purpose of the Statement of Financial Position? 3. How does the concept of going concern affect the financial reporting process? 4. What is the purpose of the Statement of Comprehensive Income? 5. How does the concept of prudence affect the financial reporting process? 6. What is the objective of financial reporting? 7. What are the key elements of financial statements? 8. What is the difference between a liability and an asset? 9. How does the concept of substance over form affect the financial reporting process? 10. What is the purpose of the Statement of Changes in Equity?

The difficulty level of the CIMA F3 exam is considered to be of medium difficulty.