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How to pass CIMA BA1 Certification Exam?
CIMA BA1 Certification Exam only requires you to answer two-thirds of the questions correctly in each section. You cannot receive a special score or percentage for each section, and your final score will be the combined total of all three sections. You are expected to answer 140 out of 230 questions correctly in total. Candidates are able to resit for CIMA BA1 exam within two years with their membership number, if they wish to do so. If you are not satisfied with your examination result, you should contact CIMA immediately and ask for feedback on how to improve yourself further.
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Who is CIMA?
CIMA is the UK-based Chartered Association of Certified Accountants with a membership of over 40,000 worldwide. Founded in 1928, CIMA is the world's first professional accountancy body to offer a nationwide professional qualification. The association comprises all the members of the Institute of Chartered Accountants in England and Wales, as well as CAA Scotland which operates under their own statutes and the Institution of Professional Accountants (IPA) Ireland.
CIMA certification demonstrates you are able to perform fully competent and structured work within an agreed set of standards within one or two specializations. CIMA BA1 certification also demonstrates that you possess the necessary professional competencies and knowledge to receive advanced accounting qualifications such as the Chartered Certified Accountant (CCA) designation which are also covered in our CIMA BA1 Dumps. There are two broad reasons for taking Examination: First, as a candidate, you have the opportunity to demonstrate your ability and commitment by sitting exam and receiving the status of a certified professional. Second, employers will be able to evaluate your CV on CIMA qualifications.This will allow them to better understand your suitability with their organization.
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CIMA BA1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Macroeconomic and Institutional Context of Business | 25% | - Exchange rate systems and balance of payments - Monetary and fiscal policy - International trade and globalisation - Economic growth, business cycles and price levels - National income and economic activity |
| Topic 2: Microeconomic and Organisational Context of Business | 30% | - Business objectives and stakeholder influences - Market failure and government intervention - Demand, supply and market equilibrium - Price elasticity and revenue effects - Market structures and pricing behaviour |
| Topic 3: Financial Context of Business | 25% | - Interest rates and their impact on business - Functions and structure of financial markets - Time value of money and discounting - Financial institutions and their roles - Simple and compound interest, annuities and perpetuities |
| Topic 4: Informational Context of Business | 20% | - Data types, sources and characteristics - Presentation and interpretation of business data - Role of information technology and big data - Index numbers and time series analysis - Probability and basic statistical techniques |
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