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BA3 Dumps - Fundamentals of financial accounting Practice Exam Questions

CIMA BA3 - CIMA Certificate Practice Exam

  • Certification Provider:CIMA
  • Exam Code:BA3
  • Exam Name:Fundamentals of financial accounting Exam
  • Total Questions:393 Questions and Answers
  • Updated on:Aug 2, 2025
  • Product Format: PDF & Test Engine Software Version
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CIMA BA3 This Week Result

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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Fundamentals of financial accounting exam questions can highlight recurring themes and topics that are frequently tested, helping CIMA candidates to focus their studies on areas of high importance.

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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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