Fundamentals of Financial Accounting - BA3

Access Duration - 365 Days
Awarded By  Awarded By "CIMA"
Guided Learning Hour 10 Guided Learning Hours (10)
Course Material Course Material
Number of Modules 01 Number of Modules 01
Assessment Included Mock Exam Included
4.4( 8 REVIEWS )

Awarded by

Trust Pilot rating with 1691 reviews

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


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.
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

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

Students feedback


Average rating (8)
5 Star
4 Star
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1 Star
    V A

    Vic Adams

    July 14, 2020
    Useful content

    A very useful course for someone without any or a little prior knowledge about financial accounting.

    F J

    Fran Jones

    July 09, 2020
    Very informative

    The course was very informative.

    R W

    Rene Ward

    July 09, 2020
    Practical and useful

    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.

    A J

    Addison Jordan

    June 29, 2020
    Good material

    I really like this course.

    R H

    Raylee Harvey

    June 25, 2020
    Very interesting

    The course is very interesting and opens you mind to think about accounting in very different ways.

    N C

    Noel Cunningham

    May 30, 2020
    Very helpful

    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.

    A B

    Alexis Ball

    May 21, 2020
    Interesting and encouraging

    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.

    V R

    Vic Reynolds

    May 14, 2020

    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.

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