CIMA USA -BA-1 Fundamentals of Business Economics
The Chartered Institute of Management Accountants (CIMA) comprehensively covers major topics of contribution through the fundamental of Business economics paper or BA-1. This subject technically covers operating concepts or business and takes into account operational capabilities along with the economic point of view.it also strategically covers portions regarding how competition and financial market behavior can influence organizations. A major role is also played by the external environment when operating a business in any economy, hence the subject deeply covers the influence of government economic policies on organizations. Students are also given knowledge about how practically information is disseminated by the management to evaluate and forecast required dynamics related to consumer behavior, market, and economy in general. Economic activities are highlighted, and candidates generally develop an understanding of the relevant economic activities pertaining to organizational decisions by considering multiple supportive techniques.
The CIMA BA-1 syllabus is divided into multiple layers to ensure students understand the concepts and relate to the logical flow of theories. Although scheduling and dividing timings are personal choices of students, the percentages stated by CIMA USA also highlights the proportion of study time each component requires from students. It is important to note that all topics of the syllabus needs to be given equal importance and studied with non – differentiated dedication. The below percentage division may be considered a point of reference and your study can revolve around it accordingly –
- 25% - Macroeconomic and Institutional Context of Business
- 30% - Microeconomic and Organizational Context of Business
- 20% - Informational Context of Business
- 25% - Financial Context of Business
The examination format is computer-based and may be scheduled on-demand in any of the 5000 Pearson VUE Centers globally. Overall the examination time consumed is 2 hours and is mechanically marked through the computer. The questions format is wide-ranging from formats like short multiple-choice questions, number entry questions, drag and drop questions, and other formats.
What we want you to know is –
Do not consider selective learning and retaining. You must understand that if you are signing up for CIMA you need to cover the entire syllabus and completely understand each topic. Skimming and birds eye viewing is highly discouraged. Take loads of practice tests under exam simulated environment to smoothly crack this paper. It helps to test your understanding and of course, reduce examination anxiety.