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BA3 - Fundamentals of Financial Accounting

Total Questions: 393

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CIMA CIMAPRA17-BA3-1 Exam Overview :

Exam Name BA3 - Fundamentals of Financial Accounting
Exam Code CIMAPRA17-BA3-1
Official Information https://www.cimaglobal.com/Qualifications/cert-ba/
See Expected Questions CIMA CIMAPRA17-BA3-1 Expected Questions in Actual Exam
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CIMA CIMAPRA17-BA3-1 Exam Topics :

Section Weight Objectives
A. Accounting Principles, Concepts and Regulations 10%
1. Explain the principles and concepts of financial accounting
(a) Explain the need for accounting records
(b) Identify the needs of different user groups
(c) Distinguish between the purposes of financial and management accounts
(d) Explain capital and revenue, cash and profit, income and expenditure, assets and liabilities
(e) Explain the underlying assumptions, policies and accounting estimates
(f) Identify the need for and information to be included in an integrated report;
(g) Describe the accounting equation
(h) Explain the need for accounting codes
2. Explain the impact of the regulatory framework on financial accounting
(a) Explain the influence of legislation and accounting standards on published accounting information
B. Recording Accounting Transactions 50%
1. Prepare accounting records.
(a) Prepare the books of prime entry
(b) Apply the principles of double- entry bookkeeping
(c) Prepare nominal ledger accounts
(d) Prepare the trial balance
(e) Explain the nature of accounting errors
(f) Prepare accounting entries for the correction of errors
(g) Prepare accounting entries for noncurrent assets
(h) Prepare a non-current asset register
2. Prepare accounting reconciliations.
(a) Prepare bank reconciliation statements
(b) Prepare petty cash statements under an imprest system
(c) Prepare sales and purchase ledger control account reconciliations
3. Prepare accounting entries for specific transactions.
(a) Calculate sales tax
(b) Prepare accounting entries for sales tax
(c) Prepare accounting entries for payroll
(d) Prepare accounting entries for the issue of shares
C. Preparation of Accounts for Single Entities 30%
1. Prepare accounting adjustments.
(a) Prepare accounting entries for accruals and prepayments
(b) Prepare accounting entries for irrecoverable debts and allowances for receivables
(c) Prepare accounting entries for inventories
2. Prepare manufacturing accounts. 
(a) Prepare basic manufacturing accounts 
3. Prepare financial statements for a single entity.
(a) Prepare financial statements from a trial balance
(b) Prepare financial statements from incomplete records
(c) Prepare a statement of cash flows 
D. Analysis of Financial Statements 10%
1. Identify information provided by accounting ratios.
(a) Identify the information provided by the calculation of accounting ratios
(b) Identify reasons for the changes in accounting ratios
2. Calculate basic accounting ratios.
(a) Calculation of profitability ratios
(b) Calculation of liquidity ratios
(c) Calculation of risk ratios

Updates in the CIMAPRA17-BA3-1 Exam Topics:

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