Fundamentals of Business Economics BA1 exam torrent materials
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Prerequisites of CIMA BA1 Certification Exam
If you already possess a degree in accounting, and you are working in the profession, then it is possible to sit the CIMA BA1 Certification Exam. You must have a minimum of two years of full-time experience as a qualified accountant before sitting the exam. Those who do not manage to obtain this experience before sitting the exam, they will still be able to sit for the exam after this period has passed. All applicants must have passed the first level of CIMA exams before sitting for this exam. This is a crucial pre-requisite as candidates cannot sit for this exam after they have already passed their first-level CIMA exams.
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How to pass CIMA BA1 Certification Exam?
CIMA BA1 Certification Exam only requires you to answer two-thirds of the questions correctly in each section. You cannot receive a special score or percentage for each section, and your final score will be the combined total of all three sections. You are expected to answer 140 out of 230 questions correctly in total. Candidates are able to resit for CIMA BA1 exam within two years with their membership number, if they wish to do so. If you are not satisfied with your examination result, you should contact CIMA immediately and ask for feedback on how to improve yourself further.
CIMA BA1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Informational Context of Business | 20% | - Data types, sources and characteristics - Role of information technology and big data - Index numbers and time series analysis - Presentation and interpretation of business data - Probability and basic statistical techniques |
| Microeconomic and Organisational Context of Business | 30% | - Market failure and government intervention - Price elasticity and revenue effects - Market structures and pricing behaviour - Demand, supply and market equilibrium - Business objectives and stakeholder influences |
| Macroeconomic and Institutional Context of Business | 25% | - Monetary and fiscal policy - Economic growth, business cycles and price levels - National income and economic activity - International trade and globalisation - Exchange rate systems and balance of payments |
| Financial Context of Business | 25% | - Financial institutions and their roles - Simple and compound interest, annuities and perpetuities - Functions and structure of financial markets - Interest rates and their impact on business - Time value of money and discounting |
