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  • CIMAPRA17-BA3-1: BA3 - Fundamentals of Financial Accounting

CIMAPRA17-BA3-1 Exam Questions

Exam Name: BA3 - Fundamentals of Financial Accounting
Exam Code: CIMAPRA17-BA3-1
Related Certification(s): CIMA Certificate in Business Accounting Certification
Certification Provider: CIMA
Actual Exam Duration: 120 Minutes
Number of CIMAPRA17-BA3-1 practice questions in our database: 393 (updated: Nov. 14, 2024)
Expected CIMAPRA17-BA3-1 Exam Topics, as suggested by CIMA :
  • Topic 1: Accounting Principles, Concepts and Regulations: This topic requires you to master the fundamental principles and concepts of financial accounting. Focus on understanding how the regulatory framework shapes financial reporting practices, which is critical for accurate and compliant accounting. This knowledge is essential for the CIMAPRA17-BA3-1 exam, where aspiring CIMA business accountants will be expected to apply these principles in practical scenarios.
  • Topic 2: Recording Accounting Transactions: In this topic, business accountants will learn to accurately prepare accounting records and reconciliations, vital for ensuring the integrity of financial data. Understanding how the regulatory framework impacts these records is also crucial. This will prepare you for exam questions focused on transaction recording and compliance.
  • Topic 3: Preparation of Accounts for Single Entities: This CIMA CIMAPRA17-BA3-1 exam topic covers the preparation of accounting records, manufacturing accounts, and financial statements for a single entity. Mastery here is the key for the exam, as you will be tested on your ability to compile accurate financial statements from raw data, a critical skill for business accountants.
  • Topic 4: Analysis of Financial Statements: In this topic, the CIMAPRA17-BA3-1 exam focuses on identifying and calculating basic accounting ratios, which are essential for financial analysis. Understanding these ratios will enable you to interpret financial statements effectively, a crucial skill that the CIMA BA3 - Fundamentals of Financial Accounting exam will assess.
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Lili

3 days ago
Phew! CIMA BA3 done and dusted. Couldn't have done it without Pass4Success. Their questions were right on target.
upvoted 0 times
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Lucille

4 days ago
I passed the CIMA BA3 exam, and Pass4Success practice questions were a big help. One question that threw me off was about the double-entry system and how to record a complex transaction. I wasn't entirely confident, but I managed to pass.
upvoted 0 times
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Sonia

21 days ago
Happy to report that I passed the CIMA BA3 exam! Thanks to Pass4Success practice questions, I felt prepared. However, there was a challenging question on the preparation of a statement of financial position that I found confusing.
upvoted 0 times
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Allene

1 months ago
I just passed the CIMA BA3 exam, and I couldn't have done it without Pass4Success practice questions. One question that had me second-guessing was about the classification of non-current assets. It was tough, but I pulled through.
upvoted 0 times
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Gerry

1 months ago
BA3 exam was tough, but I made it! Thanks Pass4Success for the spot-on practice questions. Saved me tons of study time.
upvoted 0 times
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Marshall

2 months ago
Thank you so much for all your advice and encouragement. I feel more confident about my preparation now.
upvoted 0 times
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Kasandra

2 months ago
Excited to announce that I passed the CIMA BA3 exam! The Pass4Success practice questions were a lifesaver. There was a tricky question on the matching principle and how it applies to revenue recognition. I was a bit unsure, but I still made it.
upvoted 0 times
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Herschel

2 months ago
Good luck with your studies! Remember, consistent practice and understanding the concepts are key to success in this exam.
upvoted 0 times
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Gerardo

2 months ago
I am thrilled to share that I passed the CIMA BA3 exam! The Pass4Success practice questions were incredibly helpful. One question that stumped me was about the preparation of a trial balance. I wasn't entirely sure how to handle the suspense account, but I managed to get through it.
upvoted 0 times
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Galen

2 months ago
Just passed the CIMA BA3 exam! So grateful for Pass4Success's relevant questions. They were a huge help in my quick prep.
upvoted 0 times
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Tequila

5 months ago
Just passed the CIMA BA3 exam! Watch out for questions on double-entry bookkeeping, especially adjusting entries. Make sure you can quickly identify which accounts are affected and how to record them. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
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Free CIMA CIMAPRA17-BA3-1 Exam Actual Questions

Note: Premium Questions for CIMAPRA17-BA3-1 were last updated On Nov. 14, 2024 (see below)

Question #1

Which of the following is the correct double entry for a prepayment?

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Correct Answer: A

Question #2

In the year ended 31 December 20X1, XYZ receives an email confirming that a major customer has gone into liquidation and will be unable to pay its suppliers.

Which of the following is the impact of adjusting for this event?

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Correct Answer: D

Question #3

LMN's totals for its sales day book and its cash receipts book for the month ended 31 January 20X6 are as follows

What is the total value for sales that LMN will post to the sales account in the nominal ledger for January 20X6?

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Correct Answer: C

Question #4

In relation to accounting coding systems in the computerized records of an entity, which of the following is true?

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Correct Answer: A

Question #5

UVW is preparing its manufacturing account for the year ended 30 June 20X7 The following information is available:

What is UVWs prime cost for year ended 30 June 20X7?

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Correct Answer: A

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