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Professional Competence

This section is a knowledge-based test which demands candidates to possess sufficient understanding of key accounting topics such as accounts, financial reporting, tax, statutory accounting principles and professionalism. Candidates must attempt the exam based on their prior knowledge. CIMA BA1 Certification Exam requires you to know: Candidates must also demonstrate their professional competence by answering four out of 14 questions correctly in this section. Depending on your prior accounting knowledge, you may cover the following syllabus for this section:

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  • You will be able to prove your competence as an accountant when applying for jobs and employers will know that you have passed at least two CIMA examinations.
  • You can be employed by many firms that require expertise in financial management, which can prove to be a good advantage for you and your employer.
  • This qualification can give you the opportunity to start as an assistant accountant or as a financial analyst. Your salary will be higher than just a regular administrative assistant due to your degree upon hire. This might motivate you further into progressing within this field and gaining further qualifications and experience in finance.

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CIMA BA1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Macroeconomics- National income, GDP, and economic growth
- Inflation, unemployment, fiscal and monetary policy
Topic 2: Market structures- Oligopoly and market competition dynamics
- Perfect competition and monopoly
Topic 3: Economic fundamentals- Scarcity, choice, and opportunity cost
- Economic systems and resource allocation
Topic 4: Microeconomics- Demand and supply analysis
- Elasticity and consumer behavior
Topic 5: International trade and global economy- Trade policy and globalization
- Exchange rates and balance of payments

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