Fundamentals of Financial Accounting - BA3
Access Duration - 365 Days
Awarded By "CIMA"
Guided Learning Hours (10)
Course Material
Number of Modules 01
Mock Exam Included
4.4( 8 REVIEWS )
150 STUDENTS
Awarded by
What Will I Learn?
Understand how to prepare financial statements for a single entity
Have an understanding of the nature of errors and how to measure financial performance
Learn about conceptual and regulatory framework
Understand measurement of financial performance through ratios
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.
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
Entry Requirement
- The BA3 – Fundamentals of Financial Accounting does not require formal entry-level qualifications. Learners must be over the age of 16 and have basic knowledge in Mathematics, ICT and English Language.
- Why Choose Global Edulink?
- Syllabus Structure
- Assessment
- Exam Details
- Certification
- Career Path
- Excellent pass rate
- Dedicated panel of instructors
- High rate of passing for first-time students
- Become confident with mock exams and practice questions
- Accounting Principles, Concepts and Regulations
- Recording Accounting Transactions
- Preparation of Accounts for Single Entities
- Analysis of Financial Statements
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.
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. https://www.cimaglobal.com/Starting-CIMA/Starting-CIMA/Fees/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).
Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the 3 modules in the CIMA Foundation Certificate. A career in management accounting is waiting for you, and will provide a clear path to progress in your desired employment. Companies worldwide, irrespective of their size require the services and knowledge of management accountants. Management Accountants are marketable across multiple industries. Management Accountant https://www.payscale.com/research/UK/Job=Management_Accountant/Salary
Course Curriculum
| BA3 Fundamentals of Financial Accounting | |||
| 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 | |||
| Practice Quiz | |||
| Mock Quiz – Fundamentals of Financial Accounting [CIMA – BA3] | 00:40:00 | ||
Vic Adams
A very useful course for someone without any or a little prior knowledge about financial accounting.
Fran Jones
The course was very informative.
Rene Ward
My expectations of the course were fully met, and I’ve gained confidence in the subject matter as I hoped to do. Great course for anyone who needs a well-structured introduction into accounting with a real-life application. It is also a good value for professionals.
Addison Jordan
I really like this course.
Raylee Harvey
The course is very interesting and opens you mind to think about accounting in very different ways.
Noel Cunningham
I liked the course very much. It completed my knowledge base about accounting. Very informative and useful course. It cover all the basic of accounting and after make this course you will be able to decide if you want to become an accountant or not.
Alexis Ball
This course is a great opportunity to gain the techniques and knowledge of fundamental accounting. The material itself fully covers all the fundamental principles of accounting. I really enjoyed the course, it was an interesting and encouraging refresher course for me.
Vic Reynolds
There was major focus on financial performance which I understood to be a core concept of this curriculum. I gained an in-depth knowledge on this subject. And taking the exam was in fact not a challenge as I expected it to be. I was well prepared.