CIMA BA1 Fundamentals of Business Economics
About This Course
CIMA BA1 focuses on the economic and operating context of business and how the factors of competition, the behaviour of financial markets and government economic policy can influence an organisation. It also deals with the information available to assist management in evaluating and forecasting the behaviour of consumers, markets and the economy in general
You will gain an understanding of the areas of economic activity relevant to an organisation’s decisions and, within this context, the numerical techniques to support such decisions.
About CIMA Certificate in Business Accounting
The CIMA Certificate in Business Accounting (Cert BA, National Certificate: Business Accounting, NQF5, SAQA ID 24418) will help students with little or no accounting experience unleash their true business potential. Teaching core business and finance skills beyond simple financial accounting, Cert BA syllabus is the perfect stepping stone towards a career in business and finance.
Cost and Management Accounting has been identified as one of the most in demand position within the financial sector (Careerjunction) both locally and internationally, the CIMA designation, being the most requested pre-requisite skill.
The Cert BA is a qualification in its own right and also forms a formal entry route into the CIMA Professional Qualification. Once students successfully complete both qualifications and qualify for membership, they will be awarded the Chartered Global Management Accountant (CGMA) designation.
Upon completing the Certificate, you will be able to proceed to the CIMA Professional Qualification, starting at the Operational level (CIMA Diploma in Management Accounting).
Learning Objectives
Material Includes
- CIMA Approved and Accredited E-books* for Online Supported Distance Learning (Paid Learners)
- Free Orientation kit including: Welcome Letter, and Getting Started Guide.
- Free Access to our myPolytech student portal and student support team via phone, email and FAQ tickets.
Requirements
- A South African National Senior Certificate (NSC) with a good understanding of English and Mathematics or Mathematics Literacy OR Adequate working experience.
- 12 years of study with good English and Mathematics Grades from any country other than South Africa
Target Audience
- Matriculants
- O' and A' Level graduates
- Graduates with non-accounting degrees
- Graduates with Accounting degrees
Curriculum
Syllabus BA1-A. Macroeconomic and Institutional Context of Business.
1. Explain the principal factors that affect the level of a country’s national income and the impact of changing economic growth rates and prices on business.
2. Explain the factors affecting the trade of a country with the rest of the World and its impact on business.
3. Explain the influences on economic development of countries and the effects of globalisation on business.
Syllabus A1A: Explain determination of macroeconomic phenomena00:00
Quiz: Introduction to Macro-Economic Policy
Syllabus BA1-B. Microeconomic and Organisational Context of Business
1. Distinguish between the economic goals of various stakeholders and organisations.
2. Demonstrate the determination of prices by market forces and the impact of price changes on revenue from sales.
3. Explain the influence of economic and social considerations on the structure of the organisation and the regulation of markets.
Syllabus A1-C. Informational Context of Business
1. Apply techniques to communicate business data as information to business stakeholders.
2. Demonstrate the uses of big data and analytics for understanding the business context.
Syllabus A1-D. Financial Context of Business
1. Explain the functions of the main financial markets and institutions in facilitating commerce and development.
2. Apply financial mathematical techniques in a business decision-making context.
3. Demonstrate the impact of changes in interest and exchange rates on controlling and measuring business performance.
Earn a certificate
Add this certificate to your resume to demonstrate your skills & increase your chances of getting noticed.
