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CIMA BA3 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| 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 |
| Recording Accounting Transactions | 50% | - Accounting for assets, liabilities, equity and expenses - Reconciliations (bank, receivables, payables) - Double-entry bookkeeping and ledger accounts - Correction of errors and control accounts - Sources of records and books of prime entry |
| Analysis of Financial Statements | 10% | - Interpretation using accounting ratios - Limitations of financial statements - Liquidity, profitability and solvency analysis |
| Accounting Principles, Concepts and Regulations | 10% | - Nature and objective of financial accounting - Elements of financial statements - Conceptual and regulatory framework - Accounting standards and principles |
CIMA Fundamentals of Financial Accounting Sample Questions:
1. Your organization paid $120250 in net wages to its employees during the year.
Employees' tax and national insurance amounted to $32000 and employers national insurance was $11000.
Employees had contributed $6250 to a superannuation scheme.
The amount to be charged against profits for the year, in respect of wages is
2. Refer to the Exhibit.
A company has the following transactions for an accounting period:
Closing inventory at the end of the period was $3,200 and gross profit was $16,400.
The opening inventory was therefore
3. GH has the following transactions for the week of January 20X8:
GH is not registered for sales tax
What is the total of the sales day book for this week? Give your answer to the nearest whole number:
4. The financial accounts, as prepared by the directors of a company, are required to show a 'true and fair view'.
This means that:
A) The accounts are accurate
B) The accounts contain no fraudulent transactions
C) The accounts are prepared in accordance with the Companies Act and comply with relevant reporting standards
D) No errors were detected during the audit of the accounts
5. Which one of the following will not be found in a statement of changes in equity?
A) Share premium account
B) Ordinary shares
C) Debentures
D) General reserve
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: Only visible for members | Question # 3 Answer: Only visible for members | Question # 4 Answer: C | Question # 5 Answer: C |




