CIMA BA1 : Fundamentals of Business Economics

  • Exam Code: BA1
  • Exam Name: Fundamentals of Business Economics
  • Updated: Sep 14, 2026
  • Q & A: 420 Questions and Answers

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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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Certification Path of CIMA BA1 Certification Exam

Through the CIMA Certification Path, you can acquire the chartered qualification: CIMA CPA/CMA. The BA1 certification exam is considered as a first step towards your Chartered status. The path after this first step can be short or longer depending on the chosen qualification:

  • Chartered Qualification in Management to Fellow of Institute of Management Accountants, or
  • CAI Fellowship Programme, which is essentially an equivalent route for those who already hold a Bachelor's degree.
  • BA1 (certification route) to CIMA (Chartered qualification)
  • Chartered Qualification in Accountancy to Fellow of Institute of Chartered Accountants in England and Wales (FCAEW), or

It took less than 6 months for me to pass the CIMA BA1 Certification Exam. The CIMA exam is not too difficult and you do not need to memorize much information from books or online. The test is quite straight-forward and the hardest part might be the research.

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CIMA BA1 Exam Syllabus Topics:

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

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