MAC4865 EXAM PACK
2025
QUESTIONS AND
ANSWERS
FOR ASSISTANCE CONTACT
EMAIL:
, lOMoARcPSD|44660598
20
20
CIMA O OpenTuition
Free resources for accountancy students
E
xa
m
s
Financial
Strategy
(F3)
Spread the word about OpenTuition, so
that all CIMA students can benefit.
How to use OpenTuition:
1) Register & download the latest notes
2) Watch ALL OpenTuition free lectures
3) Attempt free tests online
4) Question practice is vital - you must obtain
also Exam Kit from Kaplan or BPP
, lOMoARcPSD|44660598
The best things
in life are free
IMPORTANT!!! PLEASE READ CAREFULLY
To benefit from these notes you must watch the free lectures on the
OpenTuition website in which we explain and expand on the topics co
In addition question practice is vital!!
You must obtain a current edition of a Revision / Exam Kit - the CIMA
approved publisher is Kaplan. It contains a great number of exam stan
questions (and answers) to practice on.
We also recommend getting extra questions from BPP - if you order o
you can use our 20% discount code: bppcima20optu
You should also use the free “Online Multiple Choice Tests” which you
on the OpenTuition website:
http://opentuition.com/cima/
, lOMoARcPSD|44660598
CIMA 2020 Exams (2019 Syllabus) Watch free CIMA F3 lectures
1
CIMA F3 Financial Strategy
A: FINANCIAL POLICY DECISIONS 3
1. Financial and Non-Financial Objectives 3
2. Sustainability and Integrated Reporting 9
3. Financial Management Policy Decisions 15
B: SOURCES OF LONG-TERM FINANCE 17
4. Capital Structure of a Firm 17
5. Long-Term Debt Finance 23
6. Equity Finance 29
7. Dividend Policy 33
C: FINANCIAL RISKS 37
8. Sources and Types of Financial Risks 37
9. Currency Risk Management 45
10. Interest Rate Risk Management 59
D: BUSINESS VALUATION 69
11. Implications of Acquisitions, Mergers and Divestments 69
12. Divestments 73
13. Entity Valuation – Theoretical Approach 77
14. Entity Valuation – Practical Issues 85
15. Pricing Issues and Post-Transaction Issues 89
16. Systematic Risk and the Capital Asset Pricing Model (CAPM) 91
17. Efficient Market Hypothesis (EHM) 97
ANSWERS 99
Only on OpenTuition you can find: Free CIMA notes • Free CIMA lectures • Free CIMA tests • Free tutor support • StudyBud
2025
QUESTIONS AND
ANSWERS
FOR ASSISTANCE CONTACT
EMAIL:
, lOMoARcPSD|44660598
20
20
CIMA O OpenTuition
Free resources for accountancy students
E
xa
m
s
Financial
Strategy
(F3)
Spread the word about OpenTuition, so
that all CIMA students can benefit.
How to use OpenTuition:
1) Register & download the latest notes
2) Watch ALL OpenTuition free lectures
3) Attempt free tests online
4) Question practice is vital - you must obtain
also Exam Kit from Kaplan or BPP
, lOMoARcPSD|44660598
The best things
in life are free
IMPORTANT!!! PLEASE READ CAREFULLY
To benefit from these notes you must watch the free lectures on the
OpenTuition website in which we explain and expand on the topics co
In addition question practice is vital!!
You must obtain a current edition of a Revision / Exam Kit - the CIMA
approved publisher is Kaplan. It contains a great number of exam stan
questions (and answers) to practice on.
We also recommend getting extra questions from BPP - if you order o
you can use our 20% discount code: bppcima20optu
You should also use the free “Online Multiple Choice Tests” which you
on the OpenTuition website:
http://opentuition.com/cima/
, lOMoARcPSD|44660598
CIMA 2020 Exams (2019 Syllabus) Watch free CIMA F3 lectures
1
CIMA F3 Financial Strategy
A: FINANCIAL POLICY DECISIONS 3
1. Financial and Non-Financial Objectives 3
2. Sustainability and Integrated Reporting 9
3. Financial Management Policy Decisions 15
B: SOURCES OF LONG-TERM FINANCE 17
4. Capital Structure of a Firm 17
5. Long-Term Debt Finance 23
6. Equity Finance 29
7. Dividend Policy 33
C: FINANCIAL RISKS 37
8. Sources and Types of Financial Risks 37
9. Currency Risk Management 45
10. Interest Rate Risk Management 59
D: BUSINESS VALUATION 69
11. Implications of Acquisitions, Mergers and Divestments 69
12. Divestments 73
13. Entity Valuation – Theoretical Approach 77
14. Entity Valuation – Practical Issues 85
15. Pricing Issues and Post-Transaction Issues 89
16. Systematic Risk and the Capital Asset Pricing Model (CAPM) 91
17. Efficient Market Hypothesis (EHM) 97
ANSWERS 99
Only on OpenTuition you can find: Free CIMA notes • Free CIMA lectures • Free CIMA tests • Free tutor support • StudyBud
