Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk
ServiceNow
All Vendors
  2. Home
  3. Exams
  4. CIMA
  5. BA3

CIMA BA3 Exam Questions
Fundamentals of Financial Accounting (Page 10 )

Updated On: 21-Feb-2026
Page 10 of 80
PDF with 393 Questions

Refer to the Exhibit.



A company has the following chart of accounts:

The sales director of the northern region wants to know what the total sales of widgets are for the first quarter of the year.

Which code would he request for his report?

  1. 100
  2. 800
  3. 100800
  4. 800100

Answer(s): C



Refer to the Exhibit.



Which of the following items should be included in the valuation of inventory in a manufacturing company?

  1. A, C and F
  2. B, D and E
  3. A, C, D and E
  4. B, D, E and F
  5. A, C, D, E and F
  6. A, B, D, E and F

Answer(s): E



The valuation of inventory in a manufacturing company will consist of:

  1. Direct material and direct labor only
  2. Direct material, direct labor and direct expenses only
  3. All direct costs plus a share of production overheads
  4. All direct costs plus a share of production and non-production overheads

Answer(s): C



Fraud will only be prevented successfully if potential fraudsters perceive the risk of
detection as high.

Which THREE of the following are ways to prevent fraud?

  1. Sufficient internal control systems
  2. Computerized accounting systems
  3. Continuous supervision of all employees
  4. Regular reconciliations
  5. Surprise audit visits
  6. Maintaining books of prime entry

Answer(s): A,C,E



The method of accounting that attempts to recognize changing price levels by applying an industry or asset specific price index to the cost of goods sold and assets consumed is known as:

  1. Current cost accounting
  2. Current purchasing power accounting
  3. Historic cost accounting
  4. Replacement cost accounting

Answer(s): A






Post your Comments and Discuss CIMA BA3 exam dumps with other Community members:

Join the BA3 Discussion