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CIMA BA3 - Fundamentals Of Financial Accounting

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What is the BA3 Fundamentals of Financial Accounting?

The BA3 Fundamentals of Financial Accounting is a module of CIMA’s Certificate in Business Accounting. The course will teach you a practical understanding of financial accounting and the process behind the preparation of financial statements for single entities.

These statements are prepared within a conceptual and regulatory framework requiring an understanding of the role of legislation and of accounting standards. The need to understand and apply necessary controls for accounting systems, and the nature of errors is also covered. There is an introduction to measuring financial performance with the calculation of basic ratios.

Available delivery methods for this course
Online

Online

Onsite

Onsite

Group booking

Group booking

Key features of the course

  • Delivery Method: Online
  • Exam: Available via Awarding Body
  • Mock Exams Included
  • Course Access: 24 months
  • Fully accredited course materials
  • 24/7 access
Courses
CIMA BA3 - Fundamentals Of Financial Accounting
£133£125 ex. VAT

In this module, you will be taught a practical understanding of financial accounting and how to prepare financial statements using CIMA's globally-renowned management accounting principles.

Is the BA3 Fundamentals of Financial Accounting online course right for me?

This course is one of the entry requirements for the CIMA qualification, along with three other modules. We also sell all 4 modules as a package at a better rate. Break the study down into manageable pieces and you’ll be well on your way to accounting freedom. The course should take approximately 25 study hours to complete and is available online, upon registration.

The BA3 Fundamentals of Financial Accounting is for you if you’re considering a career in business and finance, already working and want to further your professional development, or if you’re looking to change career. The BA3 is one of four modules in CIMA’s Certificate in Business Accounting which is their foundational management accounting certificate before the Professional Chartered Management Accounting Qualification.

What job can I get with the BA3 Fundamentals of Financial Accounting online course?

Once you have achieved the CIMA Certificate in Business Accounting, you can move on to the CIMA Professional Chartered Management Accounting Qualification. When you have successfully passed both you will become a powerhouse in the finance industry as a Management Accountant, with skills in finance, management and strategy.

Why study the BA3 Fundamentals of Financial Accounting with e-Careers?

  • 24 months access to the course content so you can complete it in your own time
  • Online CIMA tuition, training manuals and an exam practice kit come as standard upon registration on the course
  • Printable reference guides and exercises to help you revise and retain as much information as possible
  • Learn the fundamentals of organisation finance

What are the BA3 Fundamentals of Financial Accounting online course modules?

  • Introduction to Financial Information
  • Theory, Rules and Regulations
  • Basic Financial Accounting
  • Sales and Purchase Ledger
  • Accruals and Prepayments
  • Cashbook and Petty Cash
  • Accounting for Inventory
  • Non-Current Assets
  • Accounting for Payroll
  • Accounting for VAT
  • Control Account Reconciliation’s and Coding
  • Preparing for the Final Accounts
  • Income and Expenditure Accounts
  • Incomplete Records
  • Manufacturing Accounts
  • Limited Company Accounts
  • Cash Flow Statements
  • Interpretation of Financial Statements

What does the BA3 Fundamentals of Financial Accounting online course cover?

The BA3 Fundamentals of Financial Accounting course covers:

  • The core concepts that relate to accounting for business and how these can be applied to real experiences.
  • Principles of ledger accounting, including the principles of double-entry bookkeeping, the preparation of cash and bank accounts, petty cash statements, non-current asset registers and accounts for payroll. These will play a major part in your role as an accountant in the real world and so are pivotal parts of this course, too.
  • How to prepare accounts for transactions, gaining insight into accruals and prepayments, bad debts and allowances for receivables and inventories, while also learning how to make adjustments where necessary and ensuring that the numbers all add up.
  • What internal and external audits are and the basics of what they entail. Distinguish between them and learn more about why they are so important for the operation of a business.
  • How errors in accounting are corrected, including those of principle, omission and commission. Practice with hands on tasks which will help you to learn through doing.
  • The nature of fraud, and how it can be detected and prevented to ensure smooth running of a business and its accounts.

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