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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:
Dec 25, 2024
Exam Status:
Stable
CIMA BA3

BA3: CIMA Certificate Exam 2024 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

Financial controls are needed in order to:

Options:

A.

Reduce the cost of the external audit

B.

Ensure that the book-keeping system includes no errors

C.

Ensure that the management accounts are produced regularly

D.

Ensure that procedures are in place to minimize the risk of error and fraud

Question 3

Which THREE of the following are improved by the use of accounting standards?

Options:

A.

Consistency

B.

Cash flow

C.

Comparability

D.

Performance

E.

Fair presentation

F.

Position