BA3: Fundamentals of Financial Accounting
279 questionsBA3 covers the principles and practice of financial accounting, from recording transactions through to preparing and analysing financial statements. You will study double-entry bookkeeping, accounting standards, the preparation of accounts for single entities, and ratio analysis. This is one of four Certificate level subjects examined through a 2-hour objective test.
Topics
- Accounting Principles, Concepts and Regulations
- Recording Accounting Transactions
- Preparation of Accounts for Single Entities
- Analysis of Financial Statements
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Frequently Asked Questions
What topics are covered in CIMA BA3?
BA3 covers four areas: accounting principles, concepts and regulations; recording accounting transactions using double-entry bookkeeping; preparation of accounts for single entities including income statements and balance sheets; and analysis of financial statements using key ratios.
How is the BA3 exam structured?
BA3 is a 2-hour computer-based objective test with 60 questions. Question types include multiple choice, multiple response, drag and drop, and number entry. It is available on demand at Pearson VUE test centres.
What is the pass mark for BA3?
You need to score at least 70% to pass the BA3 objective test. Results are available immediately after completing the exam.
Do I need prior accounting knowledge for BA3?
BA3 starts from fundamentals, so no prior accounting knowledge is required. However, students with some bookkeeping experience may find the early topics more straightforward. Practice with double-entry questions is key to building confidence.