CIMA BA3 dumps - in .pdf

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  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: May 26, 2026
  • Q & A: 395 Questions and Answers
  • PDF Price: $59.99

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  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: May 26, 2026
  • Q & A: 395 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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CIMA BA3 dumps - Testing Engine

BA3 Testing Engine
  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Updated: May 26, 2026
  • Q & A: 395 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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CIMA Fundamentals of Financial Accounting Sample Questions:

1. Refer to the Exhibit.

You have been asked to prepare the sales ledger control account for the month of May, using the following information:
According to the accounts the opening receivables balance was £ 66,250
What is the closing receivables balance as at the end of May?


2. Which one of the following is an example of where the accrual or matching convention should be applied?

A) A customer who is in financial difficulty and owes the company $8,000.
B) Non-current assets originally costing $40,000, which if purchased today would cost $45,000.
C) Gas consumed last quarter and paid for this quarter.
D) A company's machinery which is very specialized and would only have a small resale value if the company goes into liquidation.


3. Which of the following statements concerning the statements of cashflows are INCORRECT?

A) Companies with a negative cash flow shown in cash flow statements cannot be profitable
B) They are primary financial statements
C) Statements of cash flow allow users to identify cash flow issues
D) They are the same as statements of comprehensive income
E) They only deal with payment and receipt of money


4. For financial reporting purposes, stock should be valued at:

A) Lower of cost and net present value
B) Higher of cost and net present value
C) Higher of cost and net realizable value
D) Lower of cost and net realizable value


5. Which ONE of the following does not apply to the preparation of management accounts?

A) Prepared frequently throughout the year
B) Prepared mainly for internal users of accounting information
C) Prepared to show the detailed costs of manufacturing and trading
D) Prepared annually, summarizing financial performance


Solutions:

Question # 1
Answer: Only visible for members
Question # 2
Answer: C
Question # 3
Answer: A,D
Question # 4
Answer: D
Question # 5
Answer: D

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