CIMA F3 - Financial Strategy

CIMA F3 - Financial Strategy

Focus

The CIMA F3 - Financial Strategy certification focuses on Strategic financial management, budgeting, cost management, and working capital management

Exam Duration

The CIMA F3 - Financial Strategy exam duration is 3 hours

Num of Question

The exam contains a total of 100

Exam Fee

The exam fee is £185 (plus VAT).

Exam Validity

The CCRN-Pediatric certification is valid for 2 years.

Prior Certification

• F1, F2, F5, or FAB

Exam Format

The CIMA F3 - Financial Strategy exam is a Compulsory computer-based test (CBT)

Passing Conditions

To pass CIMA F3 - Financial Strategy exam, applicants must achieve a minimum score of 62 marks out of 100 (passing mark is 62)

Who Should Take

Chartered Management Accountants (CMAs) seeking to fulfill the Financial Strategy exam in their qualification journey and business professionals seeking to develop their skills in strategic financial management.

• Financial Manager
• Cost Accountant
• Management Accountant

Prerequisites

2-5 years of experience in financial management or related field

Or can substitute with certifications:

• ACCA F8 - Financial Management
• CIMA F5 - Performance Management

Certification Process

• Complete your pre-examination reading and studying
• Register for the exam through the CIMA website or app
• Take the exam at a CIMA Test Centre or remotely (dependent on availability)
• Achieve the required passing mark to pass the exam

Domains with Weights

• Domain 01: Strategic Planning (22%] (22): This domain assesses the strategic financial planning, budgeting, cost management, and working capital management skills required to make informed financial decisions.
• Domain 02: Cost and Volume Profitably (22%] (22): This domain evaluates the ability to analyze and manage costs, assess the impact of changes to pricing and volume on profit and performance, and apply techniques for managing working capital.
• Domain 03: Funding (22%] (22): This domain assesses the ability to analyze and identify the most suitable funding options for an organization, assess the risk and return implications associated with different funding options, and apply techniques for managing cash flow.
• Domain 04: Value and Credit Management (22%] (22): This domain evaluates the ability to manage value and understand the impact of credit policies on the organization, apply techniques for negotiating credit terms, and assess the risk associated with extending credit to customers.
• Domain 05: Costing and Management Information (12%] (12): This domain assesses the ability to prepare and analyze financial reports, apply costing methods to drive business decision making, and understand cost behavior within the organization.