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BA3 Dumps - Fundamentals of financial accounting Practice Exam Questions

CIMA BA3 - Fundamentals of financial accounting Braindumps

CIMA BA3 - CIMA Certificate Practice Exam

  • Certification Provider:CIMA
  • Exam Code:BA3
  • Exam Name:Fundamentals of financial accounting
  • Certification Name:CIMA Certificate
  • Total Questions:393 Questions and Answers With Detailed Explanations
  • Updated on:Based on the current BA3 exam blueprint. Updated on Nov 30, 2025
  • Product Format: PDF (Portable) & Test Engine (Interactive) .
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CIMA BA3 This Week Results

BA3 Question and Answers

Question # 1

Which THREE of the following represent credit balances?

Options:

A.  

assets

B.  

liabilities

C.  

income

D.  

expenses

E.  

capital

F.  

drawings

Discussion 0
Question # 2

Which of the following are relevant to the total working capital days ratio calculation?

Options:

A.  

Inventories days

B.  

Receivables days

C.  

Payables days

D.  

Current assets

E.  

Current liabilities

F.  

Operating profit

Discussion 0
Question # 3

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?

Options:

A.  

Prove the ledger account balances are correct

B.  

Highlight any errors of omission

C.  

Show that debit and credit balances agreed

D.  

Highlight errors of principle

Discussion 0

PDF vs Software Version

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BA3 FAQs

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.

Key topics include:

  • Principles of accounting
  • The accounting equation
  • Double-entry bookkeeping
  • Trial balance
  • Financial statements (income statement, balance sheet, cash flow)
  • Regulatory framework and ethics

BA3 is designed for entry-level students, but it requires consistent practice and conceptual clarity. With the right study plan and mock exams, it's highly manageable even for non-accounting backgrounds.

  • Format: Objective Test (computer-based)
  • Duration: 120 minutes
  • Number of Questions: 60
  • Pass Mark: 100 out of 150 (approx. 67%)

Absolutely! You’ll learn how to:

  • Record transactions accurately
  • Interpret financial statements
  • Understand company performance

    These are key tools used by accountants, auditors, and financial analysts every day.

Mastering BA3 builds a solid foundation for roles in:

  • Accounting
  • Auditing
  • Financial analysis

    It's also a prerequisite for advancing to CIMA’s Operational Level.

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