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CIMA : Fundamentals of Financial Accounting - BA3

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£69 inc VAT
Or £23.00/mo. for 3 months...
Study method
10 hours · Self-paced
Access to content
12 months
CIMA Certificate in Business and Accounting
Professional certification What's this?
Additional info
  • Exam(s) / assessment(s) not included in price, and must be purchased separately
  • Tutor is available to students


Fundamentals of Financial Accounting - BA3

The ideal course for anyone interested in pursuing a career in management accountancy!

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.


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CIMA Certificate in Business and Accounting

Course media



  • 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


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

Syllabus Structure

  • 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.

Exam Details

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.

Access Duration

You will have 12 Months access to your online study platform from the date you purchased the course. The course is self-paced so you decide how fast or slow the training goes. You can complete the course in stages revisiting the training at any time.


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).

Who is this course for?

  • School leavers
  • Small business owners
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy


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.

Career path

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.

Questions and answers

No questions or answers found containing ''.

G asked:

1. Where do you purchase the exam? And how much does it cost? 2. Do you get a free online certificate?


Dear G, Thank you for your query. Official Exam is not provided, It should be purchased separately the prices are subject to change by the The Chartered Institute of Management Accountants at any given time. The above price mentioned per objective test are at the time of writing only. The certificate is CIMA Certificate in Business and Accounting Awarded by Chartered Institute of Management Accountants. Regards, Student Support Team

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