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CIMA BA3 Testking Braindumps - in .pdf Free Demo

  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Last Updated: Jun 02, 2026
  • Q & A: 395 Questions and Answers
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CIMA BA3 Testking Braindumps - Testing Engine PC Screenshot

  • Exam Code: BA3
  • Exam Name: Fundamentals of Financial Accounting
  • Last Updated: Jun 02, 2026
  • Q & A: 395 Questions and Answers
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CIMA Fundamentals of Financial Accounting Sample Questions:

1. Which of the following statements is NOT correct?

A) A receipts and payments account does not include depreciation of non-current assets.
B) A receipts and payments account is the equivalent of a cash book summary.
C) A receipts and payments account is the equivalent of an income statement.
D) An income and expenditure account is the equivalent of an income statement.


2. External auditors report their opinion to the members of the company after their independent examination of the financial statements.
Which THREE of the following should be included in their opinion?

A) If the financial statements have been prepared in accordance with legislation
B) If the statement of financial position gives a true and fair view
C) If the company is successful
D) If the financial statements have been prepared by a qualified accountant
E) If the financial statements are free from fraud
F) If the income statement gives a true and fair view


3. Company X is a private limited oil company. Which of the following are relevant for Company X's integrated report?

A) Risk posed by competing oil companies and sustainable energy sources
B) Risk of oil prices falling
C) Risk of share prices falling
D) Need for report to be concise


4. An entity decides to revalue its freehold property during the current period creating a revaluation surplus.
Where in the current period financial statements would the revaluation surplus appear?

A) Statement of financial position and statement of changes in equity
B) Statement of changes in equity and income statement
C) Statement of changes in equity and statement of cash flow
D) Statement of financial position and income statement


5. External auditors are primarily responsible for:

A) Determining that the accounts show a fair representation of the affairs of the company
B) Preparing the financial accounts
C) Detecting errors and fraud
D) Checking the accuracy of all entries in the accounting system


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A,B,F
Question # 3
Answer: A,B,D
Question # 4
Answer: A
Question # 5
Answer: A

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