CIMA Fundamentals of Financial Accounting - BA3

CIMA BA3 test insides dumps
  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: Aug 18, 2026
  • Q & A: 395 Questions and Answers
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CIMA BA3 Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Recording Accounting Transactions50%- Reconciliations and control accounts
- Record transactions using double-entry bookkeeping
- Prepare accounting records
Topic 2: Analysis of Financial Statements10%- Interpret accounting ratios and performance
- Calculate basic financial ratios
Topic 3: Preparation of Accounts for Single Entities30%- Adjustments and inventory/cost of sales entries
- Prepare financial statements from trial balance
Topic 4: Accounting Principles, Concepts and Regulations10%- 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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