CIMA BA3 case studies

BA3 Fundamentals of Financial Accounting is an entry-level subject in the CIMA (Chartered Institute of Management Accountants) professional qualification, delivered by AICPA & CIMA - the Association of International Certified Professional Accountants founded by the American Institute of CPAs and The Chartered Institute of Management Accountants. It sits at the start of the certificate/entry-level stage and is typically taken by students and career-changers with little or no prior accounting background who need a working command of double-entry bookkeeping and the preparation of financial statements before moving on to later subjects. The syllabus builds from the ground up: the accounting equation and the effect of transactions on it; double-entry and the use of ledger accounts, journals and the trial balance; books of prime entry and the correction of errors; period-end adjustments such as accruals, prepayments, depreciation, irrecoverable debts and allowances; accounting for inventory; the preparation of a statement of financial position and a statement of profit or loss for a sole trader; and the regulatory and conceptual framework that underpins published accounts, including the qualitative characteristics of useful information and the elements of financial statements. Basic interpretation of financial statements is usually introduced too. The CIMA BA3 case studies are 5 cases and about 2,734 words.