CIMA CIMAPRA19-F03-1 시험 개요:
| 인증 벤더: | CIMA (영국공인관리회계사협회) |
|---|---|
| 시험명: | F3 재무 전략 |
| 시험 번호: | CIMAPRA19-F03-1 |
| 시험 시간: | 90분 |
| 관련 자격증: | CIMA 전문 자격 전략 단계 CGMA (글로벌공인관리회계사) 전략적 사례 연구 (SCS) |
| 실제 시험 문항 수: | 60 |
| 합격 점수: | 100/150 (환산 점수) |
| 지원 언어: | 영어 |
| 시험 형식: | 숫자 입력형, 드래그 앤 드롭, 핫스팟, 객관식 (단일 선택), 객관식 (다중 선택), 컴퓨터 기반 객관식 시험 |
| 샘플 문제: | CIMA CIMAPRA19-F03-1 샘플 문제 |
| 응시 방법: | Pearson VUE 시험 센터 및 가능한 경우 온라인 원격 감독을 통해 상시 컴퓨터 기반 시험으로 진행됩니다. |
| 전제 조건: | 일반적으로 관리 단계(Management Level: E2, P2, F2 및 Management Case Study)를 완료한 후 또는 승인된 면제를 통해 응시할 수 있습니다. |
| 공식 요강 URL: | https://hub.cimaglobal.com/proqual/2019/strategic/F3 |
CIMA CIMAPRA19-F03-1 시험요강:
| 주제 | 소개 |
|---|---|
| 주제 1 |
|
| 주제 2 |
|
| 주제 3 |
|
| 주제 4 |
|
참조: https://planner.cimaglobal.com/proqual/2019/strategic/F3
최신 CIMA Strategic level CIMAPRA19-F03-1 무료샘플문제
문제 #1
A listed company in the retail sector has accumulated excess cash.
In recent years, it has experienced uncertainly with forecasting the required level of cash for capital expenditure due to unpredictable economic cycles.
Its excess cash is on deposit earning negligible returns.
The Board of Directors is considering the company's dividend policy, and the need to retain cash in the company.
Which THREE of the following are advantages of retaining excess cash in the company?
A. Liquidity problems are less likely to be experienced if there is a downturn in business.
B. Retaining excess cash may make the company vulnerable to hostile takeover.
C. The company will be in a position to respond promptly to unexpected investment opportunities.
D. The excess cash is earning a negligible return.
E. The market may interpret the return of excess cash as a sign of weak growth prospects.
문제 #2
Company B is an all equity financed company with a cost of equity of 10%.
It is considering issuing bonds in order to achieve a gearing level of 20% debt and 80% equity.
These bonds will pay a coupon rate of 5% and have an interest yield of 6%.
Company B pays corporate tax at the rate of 25%.
According to Modigliani and Miller's theory of capital structure with tax, what will be Company B's new cost of equity?
A. 
B. 
C. 
D. 
문제 #3
F Co. is a large private company, the founder holds 60% of the company's share capital and her 2 children each hold 20% of the share capital.
The company requires a large amount of long-term finance to pursue expansion opportunities, the finance is required within the next 3 months. The family has agreed that an Initial Public Offering (IPO) should not be pursued at this time, because it would take up to 12 months to arrange.
The existing shareholders are currently considering raising the required finance from an established Venture Capitalist in the form of debt and equity. The Venture Capitalist has agreed to provide the required finance provided it can earn a return on investment of 25% per year. In addition, the Venture Capitalist requires 60% of the equity capital, a directorship in the company and a veto on all expenditure of a capital or revenue nature above a specified limit.
From the perspective of the family, which of the following are advantages of raising the required finance from the Venture Capitalist?
Select all that apply.
A. The veto on expenditure above a specified level of a revenue or capital nature.
B. The changes in shareholding as a result of the Venture Capital investment.
C. The experience of the Venture Capitalist with growing businesses.
D. The cost of the finance under the Venture Capital investment.
E. The speed with which the finance can be obtained.
문제 #4
Company MB is in negotiations to acquire the entire share capital of Company BBA. Information about each company is as follows:
It is expected that Company BBA's profit before interest and tax will be $30 million in each of the two years after acquisition. Company AAB is considering how best to structure the offer Company AAB's discount factor and appropriate cost of equity for use in valuing Company BBA is 10% Shareholders taxation implications should be ignored Which of the following provides the shareholders of Company BBA with the highest offer price?
A. Cash of $270 million now plus 60% of Company BBA's profit before interest and tax for the two years after acquisition, paid in 2 years' time.
B. A cash offer at 105% of the share price of Company BBA.
C. A share-for-share exchange of five shares in Company AAB for every eight shares in Company BBA.
D. A cash offer of S290 million now.
문제 #5
Company W is a manufacturing company with three divisions, all of which are making profits:
* Division A which manufactures cars
* Division B which manufactures trucks
* Division C which manufactures agricultural machinery
Company W is facing severe competitive pressure in all of its markets, and is currently operating with a high level of gearing Company W's latest forecasts suggest that it needs to raise cash to avoid breaching loan covenants on its existing debt finance in 6 months' time In a recent strategy review. Divisions A and B were identified as being the core divisions of Company W The management of Division C is known to be interested in the possibility of a management buy-out.
Company Z is known to be interested in making a takeover bid for Company W's truck manufacturing division A rival to Company W has recently successfully demerged its business, this was well received by the Financial markets Which of the following exit strategies will be most suitable for company W?
A. Sale of Division B to Company Z
B. Closure of Division
C. Demerger of Division C
D. Management buy-out of Division C
질문과 대답:
| 문제 #1 정답: A,C,E | 문제 #2 정답: C | 문제 #3 정답: A,D | 문제 #4 정답: A | 문제 #5 정답: D |
665 개 고객 리뷰
품질과 가치ITCertKR 의 높은 정확도를 보장하는 최고품질의 덤프는 IT인증시험에 대비하여 제작된것으로서 높은 적중율을 자랑하고 있습니다.
테스트 및 승인ITCertKR 의 덤프는 모두 엘리트한 전문가들이 실제시험문제를 분석하여 답을 작성한 만큼 시험문제의 적중률은 아주 높습니다.
쉽게 시험패스ITCertKR의 테스트 엔진을 사용하여 시험을 준비한다는것은 첫 번째 시도에서 인증시험 패스성공을 의미합니다.
주문하기전 체험ITCertKR의 각 제품은 무료 데모를 제공합니다. 구입하기로 결정하기 전에 덤프샘플문제로 덤프품질과 실용성을 검증할수 있습니다.
