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100+ Free NBAA CPA Foundation Practice Questions

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2026 Statistics

Key Facts: NBAA CPA Foundation Exam

40%

Passing Score

NBAA Tanzania Board Guidelines

TZS 120K

Fee per Subject

NBAA Standard Exam Fee

15 hours

Total Exam Time

5 papers × 3 hours each

40-50%

Average Pass Rate

Historical Subject Statistics

5 Papers

Total Subjects

NBAA Foundation Syllabus

May & Nov

Main Sessions

NBAA Exam Calendar

Tanzania's NBAA CPA Foundation Level consists of 5 papers: Quantitative Techniques (A1), Business and Management (A2), Accounting (A3), Cost Accounting (A4), and Business Law (A5). Each paper is a 3-hour written exam. The minimum passing mark is 40% per subject. Standard exam fees are TZS 120,000 per subject.

Sample NBAA CPA Foundation Practice Questions

Try these sample questions to test your NBAA CPA Foundation exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1A Tanzanian businessman invests TZS 10,000,000 in a fixed deposit account that pays a nominal interest rate of 12% per annum, compounded quarterly. What is the total value of the investment at the end of 3 years (to the nearest shilling)?
A.TZS 13,600,000
B.TZS 14,257,609
C.TZS 14,049,280
D.TZS 14,307,688
Explanation: Using the compound interest formula: A = P(1 + r/n)^(nt), where P = 10,000,000, nominal rate r = 0.12, compounding periods per year n = 4, and time t = 3. A = 10,000,000 * (1 + 0.12/4)^(4*3) = 10,000,000 * (1.03)^12 = 10,000,000 * 1.42576088 = TZS 14,257,609.
2A cooperative society in Dodoma borrows TZS 50,000,000 to purchase agricultural equipment. The loan is to be repaid in equal annual installments over 5 years at an interest rate of 10% per annum on the outstanding balance. Calculate the annual installment payment (to the nearest shilling).
A.TZS 10,000,000
B.TZS 15,000,000
C.TZS 13,189,874
D.TZS 12,500,000
Explanation: The annual installment is calculated using the annuity formula: P = A / PVFA(10%, 5). The Present Value Factor of an Annuity (PVFA) at 10% for 5 years is [1 - (1 + 0.10)^-5] / 0.10 = 3.790787. Thus, Installment = 50,000,000 / 3.790787 = TZS 13,189,874.
3An entrepreneur is evaluating a capital project with an initial outlay of TZS 20,000,000. The project is expected to generate net cash inflows of TZS 8,000,000 in Year 1, TZS 10,000,000 in Year 2, and TZS 12,000,000 in Year 3. If the cost of capital is 12%, calculate the Net Present Value (NPV) of the project.
A.TZS 10,000,000
B.TZS 3,656,153
C.TZS 2,875,340
D.TZS -1,452,000
Explanation: NPV is the sum of present values of cash inflows minus the initial outlay. The present values of cash inflows discounted at 12% are: Year 1: TZS 8,000,000 / (1.12)^1 = TZS 7,142,857; Year 2: TZS 10,000,000 / (1.12)^2 = TZS 7,971,939; Year 3: TZS 12,000,000 / (1.12)^3 = TZS 8,541,357. The sum of the present values of cash inflows is TZS 23,656,153. Subtracting the initial outlay of TZS 20,000,000 yields an NPV of TZS 3,656,153.
4A production manager at a textile factory in Arusha is formulating a linear programming model to maximize contribution. The factory produces two products, Kitenge (x) and Kanga (y). Kitenge contributes TZS 5,000 per unit and Kanga TZS 4,000 per unit. Kitenge requires 2 hours of labor and Kanga requires 1 hour of labor. The total available labor is 80 hours. Which of the following correctly represents the objective function and the labor constraint?
A.Maximize Z = 5000x + 4000y; subject to: 2x + y <= 80
B.Maximize Z = 4000x + 5000y; subject to: x + 2y <= 80
C.Maximize Z = 5000x + 4000y; subject to: 2x + y >= 80
D.Minimize Z = 5000x + 4000y; subject to: 2x + y <= 80
Explanation: The objective function represents maximization of total contribution Z, which is Z = 5,000x + 4,000y. The labor constraint requires that total labor used by Kitenge (2x) and Kanga (1y) does not exceed the total resource limit of 80 hours, represented as 2x + y <= 80.
5Consider a linear programming problem with the feasible region bounded by the corner points (0,0), (0,30), (20,10), and (25,0). The objective function to be maximized is Z = 8x + 10y. What is the optimal solution and the maximum value of Z?
A.At (0,30), Z = 300
B.At (20,10), Z = 260
C.At (25,0), Z = 200
D.At (0,0), Z = 0
Explanation: Evaluate the objective function Z = 8x + 10y at each of the corner points: Z(0,0) = 0. Z(0,30) = 8(0) + 10(30) = 300. Z(20,10) = 8(20) + 10(10) = 160 + 100 = 260. Z(25,0) = 8(25) + 10(0) = 200. The maximum value of Z is 300, which occurs at the corner point (0,30).
6A firm's total revenue function (in TZS millions) is given by TR = 120Q - 2Q^2, where Q is the quantity of units sold. Find the marginal revenue (MR) function.
A.MR = 120 - 4Q
B.MR = 120Q - Q^3/3
C.MR = 120 - 2Q
D.MR = 120Q
Explanation: Marginal Revenue (MR) is the first derivative of the Total Revenue (TR) function with respect to quantity (Q). d(120Q - 2Q^2)/dQ = 120 - 4Q.
7A company in Mwanza has a total profit function given by P(Q) = -0.5Q^2 + 10Q - 15 (in TZS millions). What quantity Q maximizes profit, and what is the maximum profit?
A.Q = 10, Profit = TZS 35 million
B.Q = 10, Profit = TZS 15 million
C.Q = 20, Profit = TZS 25 million
D.Q = 5, Profit = TZS 22.5 million
Explanation: To find the profit-maximizing quantity, find the first derivative of profit P(Q) and set it to zero: dP/dQ = -Q + 10 = 0, which gives Q = 10. To ensure it is a maximum, check the second derivative d^2P/dQ^2 = -1 (which is negative, confirming a maximum). Substitute Q = 10 back into P(Q): P(10) = -0.5(100) + 10(10) - 15 = -50 + 100 - 15 = TZS 35 million.
8The marginal cost function of producing a certain product is MC = 6Q^2 - 8Q + 10. Given that the fixed cost of production is TZS 50,000, find the total cost function (TC).
A.TC = 2Q^3 - 4Q^2 + 10Q + 50,000
B.TC = 12Q - 8
C.TC = 6Q^3 - 8Q^2 + 10Q + 50,000
D.TC = 2Q^3 - 4Q^2 + 10Q
Explanation: Total cost is the integral of the marginal cost function plus the integration constant (which represents the fixed cost, C = 50,000). TC = Integral(6Q^2 - 8Q + 10)dQ = 2Q^3 - 4Q^2 + 10Q + C. Since fixed cost is TZS 50,000, TC = 2Q^3 - 4Q^2 + 10Q + 50,000.
9A sample of five accounting students scored the following marks in a quiz: 10, 12, 15, 18, and 25. Calculate the sample standard deviation (to two decimal places).
A.5.25
B.5.87
C.34.50
D.27.60
Explanation: Step 1: Calculate the sample mean: (10 + 12 + 15 + 18 + 25) / 5 = 80 / 5 = 16. Step 2: Calculate squared deviations from the mean: (10 - 16)^2 = 36; (12 - 16)^2 = 16; (15 - 16)^2 = 1; (18 - 16)^2 = 4; (25 - 16)^2 = 81. Step 3: Find the sum of squared deviations: 36 + 16 + 1 + 4 + 81 = 138. Step 4: Calculate the sample variance (dividing by n-1): 138 / (5 - 1) = 138 / 4 = 34.5. Step 5: Calculate the sample standard deviation: sqrt(34.5) = 5.87.
10A quality inspector chooses two parts sequentially from a production line. The probability that the first part is defective is 0.15. If the first part is defective, the probability that the second part is defective is 0.20. If the first is not defective, the probability that the second is defective is 0.10. Find the probability that both selected parts are defective.
A.0.03
B.0.35
C.0.015
D.0.115
Explanation: This is a conditional probability problem. Let A be the event that the first part is defective, and B be the event that the second part is defective. P(A) = 0.15. P(B|A) = 0.20. The joint probability P(A and B) = P(A) * P(B|A) = 0.15 * 0.20 = 0.03.

About the NBAA CPA Foundation Exam

The Foundation Level of the NBAA CPA (Tanzania) qualification tests foundational competence in Quantitative Techniques (A1), Business and Management (A2), Accounting (A3), Cost Accounting (A4), and Business Law (A5). The level provides the core framework for intermediate and final professional examinations.

Questions

100 scored questions

Time Limit

15 hours total (3 hours per subject)

Passing Score

40% minimum per subject

Exam Fee

TZS 120,000 per subject (National Board of Accountants and Auditors (NBAA) Tanzania)

NBAA CPA Foundation Exam Content Outline

20%

A1: Quantitative Techniques

Financial mathematics, basic algebra, statistics, probability, linear programming, and decision trees.

20%

A2: Business and Management

Organizational theories, planning, control, marketing principles, HR management, and business ethics.

20%

A3: Accounting

Principles of double-entry, adjustments, bank reconciliations, partnership accounts, and preparation of financial statements.

20%

A4: Cost Accounting

Cost categorization, materials and labor pricing, overhead allocation, process costing, and cost-volume-profit analysis.

20%

A5: Business Law

Tanzanian legal frameworks, elements of contract law, agency relations, sale of goods act, partnership law, and negotiable instruments.

How to Pass the NBAA CPA Foundation Exam

What You Need to Know

  • Passing score: 40% minimum per subject
  • Exam length: 100 questions
  • Time limit: 15 hours total (3 hours per subject)
  • Exam fee: TZS 120,000 per subject

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

NBAA CPA Foundation Study Tips from Top Performers

1Practice standard financial mathematics calculations for A1, such as compound interest, present value, annuities, and basic probability distributions.
2Master basic accounting entries for A3, including double-entry bookkeeping, trial balance adjustments, bank reconciliations, and partnership account preparation.
3For Cost Accounting (A4), understand cost classification, material valuation methods (FIFO, LIFO, Weighted Average), and the difference between marginal and absorption costing.
4For Business Law (A5), focus on the essentials of Tanzanian commercial law, particularly the Law of Contract Act, principles of agency, and elements of partnership.
5Use past examination papers and practice questions to practice managing your time, as each written paper has a strict 3-hour limit.

Frequently Asked Questions

What is the passing score for the NBAA CPA Foundation Level in Tanzania?

The minimum passing score for each subject of the professional examinations (including the Foundation Level) is 40%. A candidate who scores 40% or more in a subject is considered to have passed that subject.

How much does the NBAA CPA Foundation Level exam cost?

The standard examination fee is TZS 120,000 per subject, totaling TZS 600,000 for the five subjects. Candidates must also pay a TZS 70,000 professional level registration fee, a TZS 25,000 form fee, and an annual student subscription fee of TZS 85,000. Repeated subjects cost TZS 80,000 each.

What subjects are tested in the NBAA CPA Foundation Level?

The Foundation Level consists of five modules: A1 Quantitative Techniques, A2 Business and Management, A3 Accounting, A4 Cost Accounting, and A5 Business Law. Each module is assessed through a 3-hour written examination paper.

Who is eligible to register for the NBAA CPA Foundation Level?

Eligibility requires an Advanced Certificate of Secondary Education Examination (ACSEE) with at least two principal passes and one subsidiary pass, an ordinary diploma in accounting, a bachelor's degree from a recognized institution, or completion of NBAA ATEC Level II.

Are the NBAA CPA Foundation Level exams computer-based?

The standard professional examinations are traditionally paper-based written exams held in May and November at designated centers, with mid-session exams held in February and August.