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Certification Path of CIMA BA1 Certification Exam
Through the CIMA Certification Path, you can acquire the chartered qualification: CIMA CPA/CMA. The BA1 certification exam is considered as a first step towards your Chartered status. The path after this first step can be short or longer depending on the chosen qualification:
- Chartered Qualification in Accountancy to Fellow of Institute of Chartered Accountants in England and Wales (FCAEW), or
- CAI Fellowship Programme, which is essentially an equivalent route for those who already hold a Bachelor's degree.
- Chartered Qualification in Management to Fellow of Institute of Management Accountants, or
- BA1 (certification route) to CIMA (Chartered qualification)
It took less than 6 months for me to pass the CIMA BA1 Certification Exam. The CIMA exam is not too difficult and you do not need to memorize much information from books or online. The test is quite straight-forward and the hardest part might be the research.
Financial Reporting
Candidates are required to demonstrate their financial reporting skills through examples and questions. This section will assess your ability to produce and understand financial statements, including working with non-routine information. This section can be split into two parts: one is the Financial Statements Section, Requirements for Conversion and Trading Entity, and the other is the Financial Reporting Section, Balance Sheet Standard, Income Statement Standard, Statement of Cash Flows Standard. Candidates will be required to answer nine out of 20 questions correctly in this section.
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Enlist the Registration procedure of the CIMA BA1 Certification Exam
There are four steps needed for you to register for your CIMA BA1 Certification Exam:
Complete the entry requirements form before you pay and schedule your exam. You will be asked to provide photos of photo IDs, your proof of address, and your proof of professional practice. You can also attach a passport size photo to the email if possible.
Pay and schedule your exam through CIMA website
Complete an online application form
If you want to sit for the same exam again within the same year, you need to register for your exam through the latest registration.
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What is the exam cost of the CIMA BA1 Certification Exam
The exam fees are 128 USD for CIMA members and 146 USD for non-members.
CIMA BA1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Microeconomics | - Demand and supply analysis - Elasticity and consumer behavior |
| Economic fundamentals | - Scarcity, choice, and opportunity cost - Economic systems and resource allocation |
| International trade and global economy | - Exchange rates and balance of payments - Trade policy and globalization |
| Macroeconomics | - Inflation, unemployment, fiscal and monetary policy - National income, GDP, and economic growth |
| Market structures | - Oligopoly and market competition dynamics - Perfect competition and monopoly |
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