Fundamentals of Financial Accounting – BA3

OVERVIEW

The Fundamentals of Financial Accounting course BA3 will equip all our learners with fundamental Financial Accounting knowledge that you need to acquire as you go along your journey in becoming a CIMA certified Professional. Whether you want to become an Accounting Manager or an Executive, Financial Accounting is one of the critical areas in Finance industry. Therefore after completing this unit BA3 you would not only get yourself thoroughly prepared for the examination which leads the way to CIMA qualification but also wealth of experience required for real world working experience.

One of the primarily objectives of understanding practical accounting is to grasp the processes involved in preparing financial statements for single entities. These entities are prepared with conceptual and regulatory framework which requires an understanding of accounting standards along with role of legislation.

We provide 100% tailor made support to all our learners as we understand that each learner is quite unique in their ability. This is to make sure that all our learners succeed as ultimately learner’s success is our success. Furthermore this syllabus as well as that of the entire CIMA qualification (BA3) is created by industry experts who have hands on experience in the industry.

COURSE CURRICULUM
BA3 Fundamentals of Financial Accounting
Chapter 1 – Accounting Principles, Concepts And Regulation
Introduction To Accounting
The Regulatory Framework
Accounting Concepts
Integrated Reporting
Chapter 2 – Recording Accounting Transactions
Preparing Accounting Records
Double Entry Principle
Format Of The Statement Of Financial Position
Format Of The Statement Of Profit Or Loss
Accounting Codes
Balancing Accounts
Nominal Ledger
The Trial Balance
Transferring Items To SOFP And Profit Or Loss Account
Chapter 3 – Preparation Of Accounts For Single Entities
Accruals And Prepayments
IAS 16 Property, Plant And Equipment
IAS 38 Intangible Assets
Irrecoverable Debts And Allowances
IAS 2 Inventory
Sales Tax
Accounting For Payroll
Adjustments To Profit And Loss Account
Bank Reconciliations
Control Accounts
Accounting For Limited Companies
Manufacturing Accounts
Chapter 4 – Analysis Of Financial Statements
Financial Ratios
Limitations Of Financial Ratio Analysis

Why choose Global Edulink for CIMA Foundation Level?

• Excellent pass rate
• Dedicated panel of instructors
• High rate of passing for first-time students
• Become confident with mock exams and practice questions

Who is the CIMA Foundation Level for?

• School leavers
• Small business owners
• Undergraduates and graduates
• Anyone with an interest in pursuing a career in management accountancy

Syllabus Structure

• Accounting Principles, Concepts and Regulations
• Recording Accounting Transactions
• Preparation of Accounts for Single Entities
• Analysis of Financial Statements

Assessment

This is an objective test. The objective test must be passed in order for learners to complete the syllabus module. Additionally, learners who wish to progress to the CIMA Foundation level qualification should also successfully pass this test.

Exam Details

This is a computer-based test. The test is made up of multiple choice, number entry and drag and drop question formats. Objective Test

• Format – Computer-Based
• Duration – 120 minutes
• BA3 – 60 objective test questions

(A score of 100 out of 150 will represent a Pass)

Objective tests – GBP95 (Tier 1 per exam)

Please Note : Official Exam is not provided, It should be purchased separately

Please note that the prices are subject to change by the The Chartered Institute of Management Accountants (CIMA) at any given time. The above price mentioned per objective test are at the time of writing only. You may check with the official CIMA website for latest updates in prices.

Certification

Upon the successful completion of the unit Fundamentals of Financial Accounting – BA3, learners can advance to the next unit of the Certificate in Business Accounting (CIMA Cert BA) Or If the learner has already completed other units, can apply to the final exam of Certificate in Business Accounting (CIMA Cert BA).