CIMA Certificate Level: BA3 - Fundamentals of Financial Accounting
The CIMA BA3 module gives you a practical understanding of financial accounting, including how to prepare financial statements for single entities within a conceptual and regulatory framework.
Our expert tutors and subject specialists provide high-quality study materials and are there to support you every step of the way.
Study from£325 (inc VAT)
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Dedicated support from CIMA qualified tutors
Classroom, residential and blended online options
Over 50 years delivering accounting qualifications
Approved CIMA provider
Globally recognised qualifications
Market leading pass rates
Subject Overview
- Duration : 6-12 months
In the BA3 - Fundamentals of Financial Accounting module, learners will explore the core concepts and practices of financial accounting. The key topics typically include:
The nature of financial accounting
Understanding the role of financial accounting in recording and reporting financial transactions.
The key principles and standards that govern financial accounting, including the Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
The accounting cycle
The sequence of steps involved in the accounting process, from the identification of transactions to the preparation of financial statements.
The importance of journals, ledgers, trial balances, and adjusting entries in maintaining accurate financial records.
Accounting for assets, liabilities, and equity
Principles and techniques for valuing and recording assets, liabilities, and equity.
Understanding depreciation, amortization, and impairment of assets.
Preparation of financial statements
Income Statement (Profit & Loss): Understanding revenues, expenses, and net profit.
Balance Sheet (Statement of Financial Position): Analysing assets, liabilities, and equity.
Cash Flow Statement: Understanding the inflow and outflow of cash.
Financial statement analysis
Techniques for evaluating financial statements, such as ratio analysis, trend analysis, and benchmarking.
How to assess liquidity, profitability, and solvency using key financial ratios.
Revenue recognition and expense matching
Understanding the recognition of revenues and expenses in the context of accrual accounting.
The matching principle and its impact on the timing of revenue and expense recognition.
The role of financial accounting in decision-making
How financial accounting information is used by stakeholders such as investors, creditors, and managers for decision-making.
Understanding the importance of transparency and accuracy in financial reporting for stakeholder trust.
This module provides foundational knowledge and skills in financial accounting, crucial for further studies in business, finance, and accounting, and essential for professional application in financial reporting and business management contexts.
Subject Details
Completing this CIMA qualification typically takes 6-12 months
Induction
Before we dive into the course units, you’ll complete an induction to help you prepare for the programme and get the most out of your learning. This will involve:
Meeting the learner community and accessing our extensive online resources
Receiving your study materials
Meeting your tutor and connecting to Microsoft Teams
Exploring your module workbooks
There are no entry requirements, but you’ll need a good understanding of both English and Maths, as well as a passion to succeed in business.
You’ll also need to register with CIMA before you begin your studies.
If you have some accounting experience, you might be eligible for exemptions from subjects at this level or be eligible for full exemptions from this level and be able to move directly to the Professional level.
To find out more speak to a learning advisor.
Study whenever and wherever suits you. On-demand learning offers ultimate flexibility, allowing learners to access high-quality course materials anytime, anywhere.
Ideal for independent learners who want flexible, self-paced learning to fit around their busy lives.
Self-paced learning
Digital materials
Remote accessibility
Self-paced progression
Email tutor support
Flexible access
Exam simulator
Flexible, live sessions accessible from any location.
Experience the flexibility of Live Online learning and engage in real-time, interactive sessions from anywhere. Achieve your goals without the commute!
Ideal for learners who want the flexibility to study from any location
Live interactive sessions online
Dynamic delivery and instant Q&A
Collaborative activities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities (online)
Access to full tutor support (online)
Access to study manual and online resources
Online exam preparation
Get all the benefits of in-person learning, all from the comfort of your home. Great if you need a little more flexibility when it comes to location, but still want the opportunity to interact with other learners.
Ideal for learners who want the classroom experience from the comfort of their home and full tutor support
Live classroom sessions streamed online
Dynamic delivery and instant Q&A
Collaborative activities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities (online)
Online tutor support
Study books and online resources
Access to recorded sessions
Online assignments and exam preparation
Traditional face-to-face classes with experienced tutors. If you like the idea of learning in person, where you bounce around ideas with other learners, then our face-to-face classes are for you.
Ideal for learners who prefer traditional classroom settings
Face-to-face interaction
Engaging in real-time learning experience
Structured delivery plan
Networking opportunities
In-person and online tutor support
Study manual and online resources
In-person learning at our 17th-century Manor. Ideal for an immersive experience.
Unique learning environment
All-inclusive experience
Accommodation and meals
Outstanding facilities
On-site exam centre
To achieve this CIMA Certificate in Business and Accounting you’ll need to pass exams in each module. These can be taken one at a time after you’ve completed each module.
Booking your exams
Reed Business School is a CIMA exam centre.
You’ll need to register with CIMA before you can sit an exam. If you’d like to book your exam with us, please complete our CIMA enrolment form.
If you are not attending one of our courses and you’d like to book your CIMA exam with us, please download our computer-based exam (CBE) dates, complete the booking form and return it to us.
Invoice your employer
If your employer is paying for your course, then we can invoice them directly, so you don’t have to worry about trying to organise the payment yourself. You focus on your studies and we’ll take care of the rest.
Call our team of advisers today to get started!
Pay in full
To pay for your course in full, simply enquire, call us on 016 0867 4224, or complete the booking form and return to rbs.reed@reedbusinessschool.co.uk
We’ll provide you with all the details you need to complete the payment smoothly.
Ready to take your accounting skills to the next level?
Complete this booking form to apply for this course.
Not sure which study option is right for you?
Our specialist advisers are here to help. They’ll talk you through the different qualifications and delivery styles, and help you choose the best options for your career.
Enquire today to speak to an advisor.
Chose your study method
We offer a range of study methods to suit your lifestyle and budget. All our study options include 24-hour access to our Virtual Learning Environment (VLE) where you can study in your own time between classes.
On-demand
Flexible, self-paced online learning. Ideal for independent learners.
Comprehensive digital materials
Access to recorded webinars
Tutor support via email
Self-assessment quizzes
Engage with your tutor on a 1-2-1 basis
Live Online
Real-time, online classes with live tutors. Ideal for learners seeking flexibility.
Scheduled live sessions online
Direct support from tutors
Real-time collaboration with peers
Recorded sessions for later review
Interactive online learning environment
£540.00 (inc VAT)
Online classroom
Enjoy a classroom experience from home. Ideal for learners seeking live online lessons.
Online classroom experience
Direct support from tutors
Real-time collaboration with peers
Recorded sessions for later review
Interactive online learning environment
£540.00 (inc VAT)
Classroom
In-person learning. Ideal for learners who prefer traditional classroom settings.
Face-to-face, classroom learning.
Immediate feedback from tutors.
Networking with fellow learners.
Online resources for extra support.
Convenient times and locations
£735.00 (inc VAT)
Residential
In-person learning at our 17th-century Manor. Ideal immersive experience.
Unique learning environment
All-inclusive experience
Accommodation and meals
Outstanding facilities
On-site exam centre
Course price does not include accommodation fees. Rooms are available from £75 per night.
£970.00 (inc VAT)
Why Reed Business School?
When you learn with Reed Business School, you’ll benefit from:
Market-leading pass rates: achieve top results with our expert support and resources.
Proven success: our students consistently perform at the highest level.
Experienced tutors: subject specialists guide you to pass your qualifications.
Proven teaching formula: helping thousands of students succeed.
Flexible delivery options: classroom, online, residential, and self-paced study available.
Convenient study: learn anytime, anywhere on your laptop, phone, or tablet.
Additional study materials: includes revision cards and question bank.
Mock exams & recorded lessons: accessible via Microsoft Teams.
Comprehensive materials: texts, revision cards, and mock exams included.
Highly rated: 4.6/5 on CourseCheck from hundreds of reviews.
50+ years of experience: a trusted provider with proven CIMA results.
On-site exam centre: sit exams in a familiar, convenient setting.
Trusted brand: decades of expertise in learning and recruitment.
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Useful links
If you're currently a student or considering CIMA with us, you'll find all essential resources here, from course outlines to application forms.
If you have any questions or need further assistance, please don't hesitate to contact our support team. We're here to help ensure your success every step of the way. Remember to return your forms to rbs.reed@reedbusinessschool.co.uk.
Not sure which option is right for you?
Speak to one of our specialist learning advisers who will talk you through your options.
