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CIMA BA3 Exam With Confidence Using Practice Dumps

Exam Code:
BA3
Exam Name:
Fundamentals of financial accounting
Certification:
Vendor:
Questions:
393
Last Updated:
Jun 19, 2026
Exam Status:
Stable
CIMA BA3

BA3: CIMA Certificate Exam 2025 Study Guide Pdf and Test Engine

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Fundamentals of financial accounting Questions and Answers

Question 1

Which one of the following would not be classified as an efficiency ratio?

Options:

A.

Non-current asset turnover ratio

B.

Inventories days

C.

Payables days

D.

Current ratio

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Question 2

What will be the effect on the financial statements if the closing inventory figure is decreased?

Options:

A.

An increase in cost of sales, an increase in gross profit and a decrease in the inventory figure in the statement of financial position.

B.

A decrease in cost of sales, a decrease in gross profit and a decrease in the inventory figure in the statement of financial position.

C.

A decrease in cost of sales, an increase in gross profit and a decrease in the inventory figure in the statement of financial position.

D.

An increase in cost of sales, a decrease in gross profit and a decrease in the inventory figure in the statement of financial position.

Question 3

Which TWO of the following are characteristics of financial accounts?

Options:

A.

They ate produced from historic information

B.

They include forecasted information.

C.

They are used for internal decision making

D.

They are produced monthly or quarterly.

E.

They meet legal requirements