CIMA BA3 Exam Dumps

CIMA BA3 Exam Dumps

Fundamentals of financial accounting

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Total Questions : 393
Update Date : February 12, 2024
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What is CIMA BA3 Fundamentals of financial accounting Exam?

The CIMA BA3 Fundamentals of Financial Accounting is an exam that is part of the CIMA Certificate in Business Accounting (CBA) qualification. It is designed to test candidates' knowledge of the fundamental concepts of financial accounting.

The exam covers the following topics:

  • Accounting principles and concepts
  • Accounting standards
  • Financial statements
  • Accounting for transactions
  • Accounting for assets
  • Accounting for liabilities
  • Accounting for equity
  • Accounting for income
  • Accounting for expenses
  • Accounting for taxes

The exam is 3 hours long and consists of 60 multiple-choice questions. The passing score is 50%.

To be eligible to take the exam, candidates must have a CIMA Certificate in Business Accounting (CBA) or equivalent qualification.

The CIMA BA3 Fundamentals of Financial Accounting exam is a valuable qualification for anyone who wants to work in accounting or finance. The exam will help candidates develop the skills and knowledge they need to prepare financial statements, analyze financial information, and make informed business decisions.

Dumpowner CIMA BA3 Exam dumps are a type of study material that provides a list of questions and answers that are similar to those that may be asked on an exam.

Here are some tips for using CIMA BA3 Fundamentals of financial accounting exam dumps:

  • Use exam dumps to supplement your studies, not as a replacement for studying the material.
  • Make sure the exam dumps are from a reputable source.
  • Use the exam dumps to practice answering questions in a similar format to the actual exam.
  • Don't rely on exam dumps to pass the exam. Make sure you study the material and practice answering questions.
BA3 Sample Question Answers

Question 1

Entity HJ is a small business. In the period. Entity Hj earned revenue of £24,300, had opening inventories of £1,500 and closing inventories of £8,000. Purchases came to £13,200.What was Entity Hj's gross profit or loss for this period?

A. £17,600 profit
B. £6,700 loss
C. £17,600 loss
D. £6,700 profit
E. £31,000 profit

Question 2

An accountant is taking on financial accounting responsibilities for company PQ. Which TWO of the following are NOT true of financial accounting?

A. It's purpose is to provide financial information to an external source
B. It's purpose is to provide information for internal use
C. Performed without adherence to standard accounting rules
D. Performed in accordance with legal requirements

Question 3

Company P are looking to create a balance sheet. Which of the following should be included in this document?

A. Company P's current assets
B. Company P's revenue for the period
C. Company P's cash usage for the period
D. Company P's liabilities
E. Company P's investing activities

Question 4

Which ONE of the following does the Statement of Cash Flows show:

A. The assets, equity and liabilities of a business
B. The revenue and expenses of a business over a period of time
C. The cash usage of a business over a period of time
D. Notes to go with the statements that explain the practices used

Question 5

Store Y believe customer XF will not be able to pay his £300 debt. Which ONE of the following day books should this 'bad debt' be recorded in?

A. Returns inwards daybook
B. Sales daybook
C. journal 
D. Cash book 
E. Petty cash book


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