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This section is a knowledge-based test which demands candidates to possess sufficient understanding of key accounting topics such as accounts, financial reporting, tax, statutory accounting principles and professionalism. Candidates must attempt the exam based on their prior knowledge. CIMA BA1 Certification Exam requires you to know: Candidates must also demonstrate their professional competence by answering four out of 14 questions correctly in this section. Depending on your prior accounting knowledge, you may cover the following syllabus for this section:
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For more info read reference:
CIMA BA1 Certification Reference
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CIMA BA1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Context of Business | 25% | - Financial institutions and their roles - Simple and compound interest, annuities and perpetuities - Interest rates and their impact on business - Functions and structure of financial markets - Time value of money and discounting |
| Topic 2: Macroeconomic and Institutional Context of Business | 25% | - Exchange rate systems and balance of payments - Monetary and fiscal policy - Economic growth, business cycles and price levels - International trade and globalisation - National income and economic activity |
| Topic 3: Informational Context of Business | 20% | - Presentation and interpretation of business data - Role of information technology and big data - Probability and basic statistical techniques - Index numbers and time series analysis - Data types, sources and characteristics |
| Topic 4: Microeconomic and Organisational Context of Business | 30% | - Market failure and government intervention - Business objectives and stakeholder influences - Price elasticity and revenue effects - Demand, supply and market equilibrium - Market structures and pricing behaviour |
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