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CIMA BA3 - Fundamentals of Financial Accounting

The main objective of this subject is to obtain a practical understanding of financial accounting and the process behind the preparation of financial statements for single entities.

These statements are prepared within a conceptual and regulatory framework requiring an understanding of the role of legislation and of accounting standards. The need to understand and apply necessary controls for accounting systems, and the nature of errors is also covered. There is an introduction to measuring financial performance with the calculation of basic ratios.

Summary of syllabus

Each subject is divided into a number of broad syllabus topics.

A percentage weighting is shown against each syllabus topic and is intended as a guide to the proportion of study time each topic requires.

It is essential that all topics in the syllabus are studied, as all topics will be examined. 

Weight

Syllabus topic

10%

A. Accounting Principles, Concepts and Regulations

50%

B. Recording Accounting Transactions

30%

C. Preparation of Accounts for Single Entities

10%

D. Analysis of Financial Statements