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Fundamentals of financial accounting
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CIMA BA3 Questions and Answers
Which of the following are relevant to the total working capital days ratio calculation?
A trial balance is extracted from the ledger accounts at the end of each accounting period.
Which of the following will a trial balance do?
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You'll master the core principles of financial accounting, including double-entry bookkeeping, preparing financial statements, and understanding financial reporting standards. These skills are crucial for both business decision-making and further accounting certifications.
Unlike BA1 (Business Economics) or BA2 (Management Accounting), BA3 focuses solely on external financial reporting. It emphasizes regulatory frameworks, accounting principles, and practical preparation of financial statements.
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TESTED 30 Nov 2025
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