CIMA Related Exams
F3 Exam
The CIMA F3 exam syllabus encompasses a wide range of financial strategy concepts, including:
The CIMA F3 and P3 exams are part of the Strategic Level of the CIMA (Chartered Institute of Management Accountants) qualification, but they focus on different areas:
CAPM:
E(R)=Rf+β(Rm−Rf)E(R) = R_f + \beta (R_m - R_f)E(R)=Rf+β(Rm−Rf)
Given:
E(R)=11%,Rf=2%,Rm=8%E(R) = 11\% , R_f = 2\%, R_m = 8\%E(R)=11%,Rf=2%,Rm=8%
0.11=0.02+β(0.08−0.02)⇒0.11−0.02=0.06β⇒0.09=0.06β⇒β=1.50.11 = 0.02 + \beta(0.08 - 0.02) \Rightarrow 0.11 - 0.02 = 0.06\beta \Rightarrow 0.09 = 0.06\beta \Rightarrow \beta = 1.50.11=0.02+β(0.08−0.02)⇒0.11−0.02=0.06β⇒0.09=0.06β⇒β=1.5
Beta > 1 ⇒ higher risk than the market.
A company is located in a single country. The company manufactures electrical goods for export and for sale in its home country. When exporting, it invoices in its customers' currency. What currency risks is the company exposed to?
Which THREE of the following would be of most interest to lenders deciding whether to provide long-term debt to a company?