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CIMA BA3 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Recording Financial Transactions | - Control accounts and reconciliations - Ledger accounts and trial balance preparation |
| Accounting Fundamentals and Principles | - Basic accounting concepts and principles - Double-entry bookkeeping system |
| Accounting Adjustments and Controls | - Errors and suspense accounts - Inventory valuation and adjustments - Non-current assets and depreciation |
| Financial Statements Preparation | - Income statement and statement of financial position - Accruals and prepayments adjustments |
CIMA Fundamentals of Financial Accounting Sample Questions:
1. GH has the following transactions for the week of January 20X8:
GH is not registered for sales tax
What is the total of the sales day book for this week? Give your answer to the nearest whole number:
2. The IASB framework defines six characteristics of useful financial information.
Which one of the following is not one of these characteristics?
A) Timely
B) Prudent
C) Relevance
D) Complete
3. The suspense account of a company was opened with a credit balance of $360 when the trial balance failed to agree.
This could have arisen because
A) an electricity bill of $840 was entered in the electricity account as $480.
B) an electricity bill of $480 was entered in the electricity account as $840.
C) an electricity bill of $180 was duplicated.
D) an electricity bill of $360 was duplicated.
4. ABC produces accounts lo the year ended 31 December annually Extracts from the most recent financial statements are.
Calculate the average inventory days ratio for the year ended 31 December 20X4.
Give your answer to the nearest day
5. Which of the following would be a good method of segregating the duties of staff?
A) Employing an experienced cashier to deal with all bank transactions
B) Employing a wages specialist to calculate and deal with the payment of wages
C) Employing a separate person to maintain and reconcile control accounts
D) Employing separate persons to maintain the sales and purchase ledgers
Solutions:
| Question # 1 Answer: Only visible for members | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: Only visible for members | Question # 5 Answer: C |



