CIMA Fundamentals of Financial Accounting : BA3 valid dump

BA3
  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: Oct 07, 2026
  • Q & A: 395 Questions and Answers

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CIMA BA3 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Accounting Principles, Concepts and Regulations10%- Elements of financial statements
- Accounting standards and principles
- Nature and objective of financial accounting
- Conceptual and regulatory framework
Topic 2: Preparation of Accounts for Single Entities30%- Preparation of income statement
- Preparation of statement of financial position
- Manufacturing and inventory accounting
- Adjusting entries and trial balance
- Preparation of simple cash flow statement
Topic 3: Recording Accounting Transactions50%- Accounting for assets, liabilities, equity and expenses
- Reconciliations (bank, receivables, payables)
- Double-entry bookkeeping and ledger accounts
- Sources of records and books of prime entry
- Correction of errors and control accounts
Topic 4: Analysis of Financial Statements10%- Liquidity, profitability and solvency analysis
- Interpretation using accounting ratios
- Limitations of financial statements

CIMA Fundamentals of Financial Accounting Sample Questions:

Question #1

The method of accounting that attempts to recognize changing price levels by applying an industry or asset specific price index to the cost of goods sold and assets consumed is known as:

  • A. Current cost accounting
  • B. Historic cost accounting
  • C. Current purchasing power accounting
  • D. Replacement cost accounting
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which one of the following would not contribute to the prevention and detection of fraud?

  • A. Insisting that staff take holidays
  • B. Appointing a single well-qualified person to maintain the ledger accounts
  • C. Segregating the duties of staff
  • D. Conducting an audit
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Jasper has an opening capital balance at 1 January of $84,650 credit. During the period there was an increase in assets of $16,890 and an increase in liabilities of $22,480.
The balance on the capital account at the end of the period is:

  • A. $79,060 credit
  • B. $90,240 credit
  • C. $5,590 debit
  • D. $5,590 credit
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

Refer to the exhibit.

The following extracts from the statement of financial position and income statement for Company S are available:
Included in operating profit was depreciation of $120,000 and a loss on disposal of non-current assets of
$48,000.
The cash generated from operations for year 2 would be:

  • A. $1,068,000
  • B. $1,092,000
  • C. $876,000
  • D. $972,000
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

Company H receives a 10% discount on its order from supplier GD. Which ONE of the following does the discounted amount count as for Company H?

  • A. Capital
  • B. Revenue
  • C. Income
  • D. Profit
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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