CIMA F3 Exam Syllabus
CIMA F3 Objective Test Exam
CIMA F3: Financial Strategy
F3 is one of three strategic level objective test exams. These exams have to be completed before you can attempt the operational case study exam. Here is CIMA’s description of the F3 module:

“F3 focuses on the formulation and implementation of financial strategy to support the overall strategy of the organisation.

Using insights gained from F1 and F2, it provides the competencies to evaluate the financing requirements of organisations and the relative merits of alternative sources of finance to meet these requirements.

Finally, it develops the competencies required to value investment opportunities including the valuation of corporate entities for mergers, acquisitions and divestments.”

See how F3 fits into the whole CIMA syllabus here.

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Syllabus topics & weightings
CIMA F3 Syllabus
CIMA F3 Syllabus Topics
Assessment strategy
You will be assessed through a 90-minute long computerised objective test consisting of 60 equally weighted questions. All learning areas of the syllabus will be covered, therefore it is important that you revise ALL topics for the exam. The topic weighting mentioned above will also be reflected in the test. The pass mark is 70%.

Every exam is randomly generated by a computer, therefore the questions are presented in no specific order and each student takes a different test.

The questions will be formatted in a number of different ways:

  • Multiple choice & multiple response questions – You will be required to select the correct answer/answers from the several answers presented to you.
  • Drop down questions– You will be asked to select the correct answer from a drop-down list of possible answers.
  • Drag and drop questions – You will be asked to move an object/label to another location.
  • Hot spot questions – These will require you to identify an area on an image by clicking on it.

Your results will be available as soon as you have finished your test. You will also be given feedback alongside your mark.

Find your nearest test centre

CIMA objective tests can be sat on demand on a day of your choice at any time throughout the year at a Pearson Vue Test Centre

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