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CIMA BA3 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Accounting Principles, Concepts and Regulations | 10% | - Conceptual and regulatory framework - Accounting standards and principles - Nature and objective of financial accounting - Elements of financial statements |
| Recording Accounting Transactions | 50% | - Accounting for assets, liabilities, equity and expenses - Correction of errors and control accounts - Sources of records and books of prime entry - Double-entry bookkeeping and ledger accounts - Reconciliations (bank, receivables, payables) |
| Analysis of Financial Statements | 10% | - Liquidity, profitability and solvency analysis - Limitations of financial statements - Interpretation using accounting ratios |
| Preparation of Accounts for Single Entities | 30% | - Manufacturing and inventory accounting - Preparation of income statement - Preparation of simple cash flow statement - Adjusting entries and trial balance - Preparation of statement of financial position |
Answers to Common CIMA Fundamentals of Financial Accounting Questions
The BA3 exam contains 60 questions to be answered within 120 minutes minutes. Rehearsing with a timer on PracticeVCE trains you to pace each question instead of rushing at the end.
No formal prerequisites; minimum age 16, basic English and mathematics proficiency required
The CIMA Fundamentals of Financial Accounting material is developed by a dedicated research team whose members bring rich hands-on IT experience, including past work for international IT corporations. That background shapes both the questions and the way they are organized for study.
Each CIMA Fundamentals of Financial Accounting question is drawn from a large body of technical knowledge and analyzed before it enters the bank. Questions that are no longer relevant to the current exam are removed, while new material is added as the exam evolves, so the set you study stays lean and current.
- Recording Accounting Transactions (50%)
- Analysis of Financial Statements (10%)
- Preparation of Accounts for Single Entities (30%)
Begin with the topics where your confidence is lowest, then confirm the rest.
The passing score for BA3 is 100 out of 150 scaled score (~67%), and the official exam fee is Approx £95–£115 / $120–$145 USD (varies by region). Fixing these numbers in mind helps you plan both your study target and your budget.
The package includes 395 practice questions for the BA3 exam, covering the current CIMA Fundamentals of Financial Accounting objectives with verified answers.
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CIMA Fundamentals of Financial Accounting Sample Questions:
Accounting standards and company law both influence how assets and liabilities ate classified and presented in financial statements An amount owing at the year end, due for repayment more from one year from the date that the statement of financial position is being prepared, will be classified under which of the following headings?
- A. Non-current asset
- B. Capital
- C. Current liability
- D. Non-current liability
Correct Answer: D 🗳️
Strategic management deals with which ONE of the following;
- A. Short-term plans for the business such as meeting targets
- B. Long-term plans for the business
- C. Day-to-day running of the business
Correct Answer: B 🗳️
Refer to the Exhibit.
The following information is available for a company for the period:
The value of sales invoices for the period was:
- A. $453,198
- B. $399,500
- C. $472,474
- D. $443,346
Correct Answer: C 🗳️
At 1 June 20X9 XY has opening inventory of 80 units at a cost of $7.60 each XY purchases the following units during the month of June:
During June 20X9, XY sold 250 units at a price of $15.00 each XY uses the first in. first out (FIFO) method of inventory valuation What is the value of XYs closing inventory at 30 June 20X9? Give your answer to the nearest $.
Correct Answer:
$970
A company had disposed of a non-current asset for $4,000 during the financial year. The asset had an original cost of $24,000 and a loss on disposal of $2,000 was recorded in the accounts.
The accumulated depreciation for the non-current asset was $
Correct Answer:
18000
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