CIMA strategic level

This is the third level of the Professional Qualification and consists of three computer based Objective Tests and one Case Study exam.

The Strategic level focuses on long term strategic decision making. Candidates will be able to support organisational leaders to craft strategy; evaluate and manage risks that might prevent organisations from successfully implementing strategy; value organisations; and source financial resources required to implement of strategy.

On successful completion of the practical experience requirements, students will be admitted to associate membership and granted the associate chartered management accountant (ACMA) and Chartered Global Management Accountant (CGMA) designations



F3 financial strategy 

strategic level CASE STUDY

You may qualify for exemptions which let you start your studies at a level that is consistent with the knowledge and skills gained from prior learning. They provide you with the quickest route to CIMA membership.

Click below to establish any exemptions you may be awarded along with further important dates and CIMA information.

important dates
cima fees 
booking exams

practical experience record (PER)

Don't Forget! As part of your journey to become an CIMA member, you must demonstrate relevant skills and experience within a real work environment. This is what CIMA'S Practical Experience Requirement (PER) is all about. 

To complete CIMA and gain membership you will need to achieve a minimum of 36 months’ experience across the four knowledge areas, with a maximum of 60 months to be evidenced. 

Download the per guide 

contact CIMA

Contact CIMA by phone, email or web-chat and a dedicated member of the Connect team will be on hand to answer your queries at any time of the year. 
Chartered Institute of Management Accountants The Helicon One South Place London EC2M 2RB United Kingdom Telephone +44 (0) 20 8849 2251

f3 financial strategy 

Syllabus structure 

The syllabus comprises the following topics and weightings: 

A. Financial policy decisions : The overall strategy of the organisation must be supported by how its finances are organised. This requires an understanding of the different strategic financial objectives and policy options that are open to organisations. The choice of these objectives and policy options will be heavily influenced by the financial market requirements and the regulatory environment in which the organisation operates. This section examines these issues.  

B. Sources of long-term funds: What types of funds are available to organisations to finance the implementation of their strategies? How much of each type should they go for? And what is the impact on the organisation? Where and how do they get these funds? And how do they provide incentives to providers of such funds so that the funds are available at the right time, in the right quantities and at the right cost? These are some of the questions covered by this section.

C. Financial risksThere is always a risk that the organisation will not be able to attract enough funds to finance its operations and in extreme conditions will fail to survive as a result. This section covers the sources of such risks and how to evaluate and manage such financial risks appropriately.

D. Business valuation : The primary objective of all strategic activity is to create and preserve value for organisations. How does the organisation know whether it has succeeded in this objective? Sometimes, in order to implement strategies, organisations have to acquire other organisations. How does the acquirer determine the value of its acquisition? This section covers how to use techniques in business valuation to answer such questions.


Format: computer based 

Availability: on demand at any of the 5,500 Pearson VUE centres around the world 

Length: 90 minutes  

Questions: Objective Tests are comprised of a range of items including short multiple choice questions, number entry questions, drag and drop questions and other formats. 
Marking: Computer marked 

Results: Provisional result available immediately followed by confirmation no more than 48 hours later


Step right in and start your CIMA & RCA journey. RCA run all courses twice yearly to help keep you moving through the qualification with classes running during the spring and autumn terms for F3, on an evening and weekend basis


1. Face to face classes or login via the live stream, the choice is yours 

2. 30-36 Hours of lectures from subject specialist tutors 

3. Exam question practice throughout  

4. All classes are recorded and uploaded to your online account to recap and reinforce classroom learning 

5. Can't make it to a class? No problem, just catch up via your online recording 

6. All learning materials included (tutor course notes, Kaplan study text & exam kit) 

7. Tutor support 24/7 via Email, What'sApp or Phone 

8. What'sApp group support. with tutor updates with assignments pre & post class 

9. Flexible payment terms available

10. Pass Guarantee