CIMA Level 4 Subject: 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£395 (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
What you'll study
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.
Entry requirements
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.
We're with you every step of the way
When you study with Reed Business School you’ll get dedicated support from a CIMA certified tutor with years of experience in the industry. They’ll teach you everything you need to know to know to help you pass your exams, and will also be on-hand to answer your questions during business hours.
You’ll also benefit from our unique teaching approach, which allows you to build the knowledge you need to get qualified while also developing the skills you need to succeed at work.
Online access to our CIMA study and examination resources
Unfortunately, just attending classes usually isn’t enough to secure a pass – Additional study is essential if you want to get qualified.
Luckily, at Reed Business School, we provide you with all the study and revision materials you need to succeed, accessible online 24/7, from the moment you start your course.
This includes:
Instant class recordings so you can review what you’ve learned in each lesson
The Kaplan Study manual and revision question bank
Online access to mock exams, so you can practice taking your exams whenever you want.
Access to Microsoft Teams, allowing you to contact your tutor outside of class if you need additional support.
Collaborate with other learners
Our in-class and online discussions are a great way to learn with and from other students, as well as our experts. You’ll share what you’ve learnt in each unit, reinforcing your understanding while helping you get ready for your assessments and your future role.
Get your questions answered
If you have a question about CGMA qualification, exams, or anything else to do with your course, our training support team are here to help. You can contact your tutor through Microsoft Teams for as long as you’re on the programme.
Please note that for the On-demand delivery option, tutor support is done via email.
Achieving your qualification
For the CIMA BA3 module (Fundamentals of Financial Accounting), learners are assessed through:
Objective Test (OT): A computer-based exam featuring multiple-choice, multiple-response, drag-and-drop, and other objective question formats.
Exam Duration: 90 minutes.
Passing Mark: 70%.
The BA3 module is assessed through a standalone exam with no additional coursework or assessments required.
Booking your exams
Reed Business School is a CIMA exam center.
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.
Your pathway to becoming CIMA qualified
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
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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.
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 and videos
Remote accessibility
Self-paced progression
Email tutor support
Flexible access
Self-assessment quizzes
Access to recorded sessions
Optional 1-2-1 tutor support and face-to-face or live online revision classes (additional fee applies)
£395.00 (inc VAT)
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 books and online resources
Access to recorded sessions
Online assignments and exam preparation
£540.00 (inc VAT)
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
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
£540.00 (inc VAT)
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. Classes take place every few months at one of our many UK venues.
Ideal for learners who prefer traditional classroom settings
Face-to-face interaction
Convenient locations across the UK
Evening and weekend classes available
Engaging real-time learning experience
Structured delivery plan
Networking opportunities
In-person and online tutor support
Study books and online resources
Access to recorded sessions
In-class assignments and exam preparation
Our venues span London, Northampton, Birmingham, Newcastle, Cambridge, Little Compton, and many other locations. If you have a specific place in mind, reach out to us - we’d be happy to discuss options to suit your needs.
£625.00 (inc VAT)
Make the Reed Business School campus your home away from home, while you study for your CIMA qualification. Delivered over two 2-day sessions at our iconic Manor, you’ll get to know other students, relax in our first-class accommodation and enjoy delicious homemade meals.
Ideal for learners wanting an immersive experience.
Unique learning environment
All-inclusive learning experience
Access to outstanding facilities
Engaging real-time learning experience
Structured delivery plan
Networking opportunities
In-person and online tutor support
Study books and online resources
Access to recorded sessions
In-class assignments and exam preparation
£970.00 (inc VAT)
Payment options
Spread the cost of your course over 12-months, with our interest free payment plans. Perfect if you need more flexibility with your payments.
You also have the option to pay for your course in full.
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.
What to expect
If you're looking to start a career in business and finance but lack experience or qualifications, the CIMA BA3 Fundamentals of Financial Accounting module is the ideal first step.
Designed for beginners, this module introduces core financial accounting principles, helping you develop the skills needed to succeed in your first role in business, finance, or accounting. Whether you're aiming to join a finance team or take on a broader business role, this module lays the foundation for your career development.
When you learn with Reed Business School, you’ll get access to:
Dedicated, experienced tutors who are subject specialists, providing the knowledge and support you need to pass your qualifications
A variety of delivery options including classroom learning at our conveniently located training centres and residential study programs at our iconic 11th-century manor
Access to additional study materials including revision cards and a question bank
Our unique teaching formula, which has helped thousands of students succeed on their course and beyond
Access to practical mock exams and recorded lessons via Microsoft Teams
Not sure if this CIMA qualification is right for you?
Get in touch with a learning advisor. They’ll run through the options with you and help you make the best decision for your career.
Useful links
If you're currently a student or considering CIMA with us, you'll find 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.
