CIMA BA1 – Fundamentals of Business Economics

This course forms part of the CIMA Certificate in Business Accounting programme. It focuses on the goals and decisions of organisations, the market system and the competitive process, the financial system and the macroeconomic context of business.

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Description

This subject forms part of the CIMA Certificate in Business Accounting programme. It focuses on the goals and decisions of organisations, the market system and the competitive process, the financial system and the macroeconomic context of business.

Accreditation

SACOB is an Accredited CIMA Tuition Provider. CIMA SAQA ID 24418.

Overview

Macroeconomic and Institutional Context of Business (25% of the syllabus)
Macroeconomic and Organisational Contect of Business (30% of the syllabus)
Informational Context of Business (20% of the syllabus)
Financial Context of Business (25% of the syllabus)

Qualification

Once you have successfully completed this subject as well as the other 3 subjects that make up the Certificate in Business Accounting you will receive your CIMA Certificate in Business Accounting. You don’t have to stop there though as you are now eligible to move on to the Operational Level of the CIMA Professional Qualification.

Requirements

CIMA does not limit anyone from studying, therefore it is open to everyone. Depending on any previous qualifications and experience exemptions may be granted. It is recommended that students have a good understanding of mathematics and the English language.

Duration

On average, 3 months. If you need to take a little longer or want to finish it in under 3 months, no problem as you can book an exam date that suits you.

Packages

Home Study

The Home Study Package offers:

• Textbooks
• Study guides
• Workbooks - Not for all subjects
• Lecturer Support - via Email, Phone and access to the Student Question & Answer Platform

Online Classroom

The Full Online Classroom Package builds on the Home Study Package and provides you with the digital resources that may be available for your course as well as giving you access to the SACOB Online Classroom. The Online Classroom Package offers:

• Video Kit
• Study maps
• Study plans
• Lecturer/Concept videos
• Quizzes
• Assessment downloads and uploads
• SACOB Student Forum

Assessment

The great thing with the CIMA Certificate Level qualification is that it can be completed at your own pace, as you choose an exam date that suits you. There are no assignments during the course, only a final exam on completion of the course. The final exam takes place directly through CIMA and consists of a Computer Based Assessment (CBA) which can be sat at a CBA centre near you. CBA exams are 2 hours long and consist of 60 complusory objective test questions, these could be made up of the following:


  • Multiple Choice

  • Multiple Response

  • Number Entry

  • Drag and Drop

  • Hot Spot

  • Item Sets


Short scenarios may be given to which one or more test questions relate. You will need to obtain 50% in order to pass the course.

What's next

You can continue your studies with SACOB and CIMA and complete more subjects that make up this qualification.