CIMA Certificate in Business Accounting - Fundamentals of Business Economics module BA1

This module forms part of the Certificate in Business Accounting (Cert BA), which is an introductory finance qualification by the Chartered Institute of Management Accountants (CIMA) - the world’s largest leading professional body of management accountants. The Cert BA qualification is an ideal introduction to core business and finance skills for individuals with little or no previous accounting knowledge. With this qualification, students can work as an accounts assistant or in a management consultancy. Successful completion of this Fundamentals of Business Economics module course will contribute towards achieving the Certificate in Business Accounting.

Course Content

Macroeconomic and Institutional Context of Business

• Factors that effect the level of a countries national income
• The impact of changing economic growth rates and prices on business
• Factors affecting a countries trade with the rest of the World

Microeconomic and Organisational Context of Business

• Economic goals of various stakeholders and organisations
• Market forces
• Economic and social considerations on the structure of an organisation and the regulation of markets

Informational Context of Business

• Techniques used to communicate business data as information to business stakeholders
• Using business data and analytics for understanding the business context

The Financial Context of Business

• Functions of the main financial markets
• Financial mathematical techniques used in business decision-making
• The impact of changes to interest and exchange rates when controlling and measuring business performance