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CIMA BA3 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Recording Accounting Transactions | 50% | - Reconciliations and control accounts - Record transactions using double-entry bookkeeping - Prepare accounting records |
| Topic 2: Analysis of Financial Statements | 10% | - Interpret accounting ratios and performance - Calculate basic financial ratios |
| Topic 3: Preparation of Accounts for Single Entities | 30% | - Adjustments and inventory/cost of sales entries - Prepare financial statements from trial balance |
| Topic 4: Accounting Principles, Concepts and Regulations | 10% | - Principles and concepts of financial accounting - Regulatory and conceptual framework |
CIMA Fundamentals of Financial Accounting Sample Questions:
1. Refer to the Exhibit.
An extract of information from K's book of accounts revealed that:
Cash received during the year is
2. Before lending to an entity, which TWO of the following pieces of information would a potential lender want to consider?
A) Long term business plans of the entity
B) Dividend policy of the entity
C) Ability of the entity to meet interest payments
D) Social policies of the entity
E) Past tax payments made by the entity
3. Principles based accounting uses a conceptual basis to provide guidelines for preparing financial statements.
Which ONE of the following is an example of this approach?
A) Stock exchange regulations
B) Tax legislation
C) The Framework
D) Company law
4. Which ONE of the following statements is true?
A) It is the responsibility of the internal auditors to detect fraud
B) It is the responsibility of the management to detect fraud
C) It is the responsibility of the external auditors to detect fraud
D) It is the responsibility of the shareholders to detect fraud
5. A company issues $100,000 12% Loan stock (debentures) on 1 July when the year end is 31 December The finance cost to be charged to the income statement in year 1 is $
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: A,C | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: Only visible for members |
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