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Prerequisites of CIMA BA1 Certification Exam
If you already possess a degree in accounting, and you are working in the profession, then it is possible to sit the CIMA BA1 Certification Exam. You must have a minimum of two years of full-time experience as a qualified accountant before sitting the exam. Those who do not manage to obtain this experience before sitting the exam, they will still be able to sit for the exam after this period has passed. All applicants must have passed the first level of CIMA exams before sitting for this exam. This is a crucial pre-requisite as candidates cannot sit for this exam after they have already passed their first-level CIMA exams.
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:
Certification Topics of CIMA BA1 Certification Exam
Our CIMA BA1 exam dumps covers the following objectives of CIMA BA1 Exam. The CIMA BA1 certification exam covers three main topics with different percentages:
- Legal and Regulatory, 25%
- Financial Reporting, 20%
- Professional Competence, 45%
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CIMA BA1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Informational Context of Business | 20% | - Probability and basic statistical techniques - Index numbers and time series analysis - Role of information technology and big data - Data types, sources and characteristics - Presentation and interpretation of business data |
| Topic 2: Financial Context of Business | 25% | - Time value of money and discounting - Financial institutions and their roles - Functions and structure of financial markets - Interest rates and their impact on business - Simple and compound interest, annuities and perpetuities |
| Topic 3: Microeconomic and Organisational Context of Business | 30% | - Business objectives and stakeholder influences - Market failure and government intervention - Market structures and pricing behaviour - Price elasticity and revenue effects - Demand, supply and market equilibrium |
| Topic 4: Macroeconomic and Institutional Context of Business | 25% | - International trade and globalisation - Economic growth, business cycles and price levels - National income and economic activity - Monetary and fiscal policy - Exchange rate systems and balance of payments |
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