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What is CIMA BA1 Certification Exam
CIMA BA1 Certification Exam is a professional exam designed to provide international candidates with accredited and practicing professional accountancy (CPA) competence. The CIMA BA1 certification provides one of many qualifying standards for the Chartered Certified Accountant (CCA) designation, which has been accredited as a translation quality assurance standard for 32 years by university partners and is recognized throughout the UK, Europe, and beyond.
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Legal and Regulatory
Candidates are required to demonstrate their knowledge in this section. Candidates are required to answer nine out of 20 questions correctly in this section. CIMA BA1 Dumps cover all questions of CIMA BA1. This section is a practical test which requires you to do both research and interpretation on specific topics. You will be required to research three different topics, and you will also have to explain your findings in relation to those topics. Candidates are required to demonstrate their professional competency by answering 12 out of 20 questions correctly in this section.
Professional Competence
This section is a knowledge-based test which demands candidates to possess sufficient understanding of key accounting topics such as accounts, financial reporting, tax, statutory accounting principles and professionalism. Candidates must attempt the exam based on their prior knowledge. CIMA BA1 Certification Exam requires you to know: Candidates must also demonstrate their professional competence by answering four out of 14 questions correctly in this section. Depending on your prior accounting knowledge, you may cover the following syllabus for this section:
CIMA BA1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Microeconomic and Organisational Context of Business | 30% | - Market failure and government intervention - Business objectives and stakeholder influences - Price elasticity and revenue effects - Market structures and pricing behaviour - Demand, supply and market equilibrium |
| Macroeconomic and Institutional Context of Business | 25% | - Monetary and fiscal policy - Exchange rate systems and balance of payments - National income and economic activity - International trade and globalisation - Economic growth, business cycles and price levels |
| Informational Context of Business | 20% | - Presentation and interpretation of business data - Probability and basic statistical techniques - Index numbers and time series analysis - Data types, sources and characteristics - Role of information technology and big data |
| Financial Context of Business | 25% | - Time value of money and discounting - Interest rates and their impact on business - Simple and compound interest, annuities and perpetuities - Functions and structure of financial markets - Financial institutions and their roles |
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