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CIMA BA3 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Preparation of Accounts for Single Entities | 30% | - Prepare financial statements from trial balance - Adjustments and inventory/cost of sales entries |
| Topic 2: Recording Accounting Transactions | 50% | - Record transactions using double-entry bookkeeping - Prepare accounting records - Reconciliations and control accounts |
| Topic 3: Accounting Principles, Concepts and Regulations | 10% | - Regulatory and conceptual framework - Principles and concepts of financial accounting |
| Topic 4: Analysis of Financial Statements | 10% | - Interpret accounting ratios and performance - Calculate basic financial ratios |
CIMA Fundamentals of Financial Accounting Sample Questions:
1. A company has profit before tax and dividends of £500000. The share capital consists of 1000000 ordinary shares of £1 each and 100000 10% preference shares of 50p each.
A 10p dividend was declared on ordinary shares.
Assuming there was no tax liability for the period, profit retained for the period was
2. On 31 December 20X6 GHI makes a bonus issue of 50,000 shares On this dale the nominal value of the shares is $1 and the market value is $3 GHI has a share premium account with a substantial credit balance. The share capital account is credited correctly in the nominal ledger. Which of the following statements is TRUE?
A) The bonus issue is valued at $1 per share and the debit entry is to the cash account
B) The bonus issue is valued at $1 per share and the debit entry is to the share premium account
C) The bonus issue is valued at $3 per share and the debit entry is to the share premium account
D) The bonus issue is valued at $3 per share and the debit entry is to the cash account
3. Which one of the following will not be found in a statement of changes in equity?
A) Debentures
B) Ordinary shares
C) General reserve
D) Share premium account
4. GG has the following statement of profit or loss extract for the year ended 31 December 20X3
What is the interest cover for GG for the year ended 31 December 20X3?
A) 4.0 times.
B) 3.5 times
C) 2.8 times
D) 4.5 times
5. Accounting standards are used to produce the financial statements of all business entities.
Which ONE of the following best describes why accounting standards are needed?
A) To provide information that fairly represents the performance and position of the entity
B) To provide information for tax purposes
C) To provide information required by law
D) To provide information for shareholders
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A |






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