Below are a number of technical articles that are relevant to the CIMA F3 exam. It’s helpful to read and work through each of these because:
- It adds variety to your studying – you’re not just stuck with your text book.
- You’ll get a deeper understanding of the key topics on the CIMA F3 syllabus
- You might learn something new that you have not seen previously in your studies
- You’ll have worked examples to follow which can make a complex topic easier to manage
- You’ll practice how to answer typical questions that will come up in your exam
- You’ll be more confident that you know and can apply the various models and techniques on this paper
Section A: Formulation of Financial Strategy – 25% of Syllabus
Learning outcomes:
A1(a) Advise on the overall strategic financial and non-financial objectives of different types of entities
- How UK companies used business strategy to respond to an economic recession
- The importance of corporate strategy in an ecomomic downturn
- Integrated Reporting – business models part 1.
- Integrated Reporting – business models part 2
A1(b) Evaluate financial objectives of for-profit entities
A1(c) Advise on the use of sustainability and integrated reporting to inform stakeholders of relevant information concerning the interaction of a business with society and the natural environment
- Accounting for natural capital
- Integrated reporting – sustainability
- Mitigating risk and maximising performance using good corporate governance
- Integrated Reporting – business models part 2
A2(a) Evaluate the interrelationship between investment, financing and dividend decisions for an incorporated entity
Coming soon
A2(b) Advise on the development of financial strategy for an entity taking into account taxation and other external influences
A2 (c) Evaluate the impact of the adoption of hedge accounting and disclosure of financial risk on financial statements and stakeholder assessment.
Coming soon
Section B: Financing and Dividend Decisions – 35% of Syllabus
Learning outcomes:
B1(a) Evaluate the impact of changes in capital structure for an incorporated entity on shareholders and other stakeholders
- Weighted average cost of capital (WACC) Calculations
- The weighted-average cost of capital (part 1)
- The weighted average cost of capital (part 2)
- The weighted average cost of capital (part 3)
- The weighted average cost of capital (part 4)
B1(b) Evaluate and compare alternative methods of raising long-term debt finance
- The weighted-average cost of capital (part 1)
- The weighted average cost of capital (part 2)
- Bond yields and calculations
- The lease v buy decision – Q&A
- The lease v buy decision
B1(c) Evaluate and compare alternative methods of raising equity finance
Coming soon
B2(a) Evaluate alternatives to cash dividends and their impact on shareholder wealth and entity performance measures
B2(b) Recommend appropriate dividend policies, including consideration of shareholder expectations and the cash needs of the entity.
Section C: Corporate Finance – 40% of Syllabus
Learning outcomes:
C1(a) Evaluate the financial and strategic implications of proposals for an acquisition, merger or divestment, including taxation implications
Coming soon
C2 (a) Calculate the value of a whole entity (quoted or unquoted), a subsidiary entity or division using a range of methods including taxation
- The weighted-average cost of capital (part 1)
- The weighted average cost of capital (part 2)
- F3 article – the dividend valuation model and Gordon’s growth model
- F3 article – Discounted cash flow anaysis
- Company valuations and free cash flows
- Financial strategy – company valuations
- Financial strategy – valuing intangible assets
- Shareholder value
C2 (b) Evaluate the validity of the valuation methods used and the results obtained in the context of a given scenario
- Financial strategy – company valuations
- Financial strategy – valuing intangible assets
- The weighted-average cost of capital (part 1)
- The weighted average cost of capital (part 2)
C3 (a) Evaluate alternative pricing structures and bid process including taxation implications
C3 (b) Evaluate post-transaction issues
Coming soon
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