Exam Code: P1
Exam Name: Management Accounting
Certification Provider: CIMA
Corresponding Certification: CIMA Operational
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Topics of CIMA Operational CIMA P1 Accounting

The following topics are a part of CIMA P1 Accounting module.

  • Short term commercial decision making
  • Distinguish Between The Different Rationales For Costing
  • Prepare budget information and assess its use for planning and control purposes
  • Analyse performance using financial and nonfinancial information
  • Cost Accounting for decision and control
  • Prepare information to support short-term decision-making
  • Apply relevant financial reporting standards and corporate governance, ethical and tax principles
  • Prepare information to manage working capital
  • Risk and uncertainty in the short term
  • Budgeting and budgetary control

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Introduction to CIMA Operational CIMA P1 Accounting

CIMA Operational is the first level of the CIMA Professional qualification. After completing this level you can progress onto the Management level, then complete the Strategic level to become a chartered management accountant. You will need to have completed CIMA Certificate, AAT Professional (Level 4), or have an accountancy or finance degree.

The purpose of the CIMA P1 exam dumps is to spotlight areas of student difficulty, so that remedial measures can be taken before the chances for success are impaired. The CIMA Operational CIMA P1 Accounting is generally given by students who are interested in accounting and finance.

Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/

CIMA P1 Exam Syllabus Topics:

SectionWeightObjectives
Risk and Uncertainty15%- Decision Making Under Uncertainty
  • 1. Sensitivity Analysis
  • 2. Decision Trees
  • 3. Expected Value Analysis
Budgeting and Budgetary Control25%- Budgetary Control
  • 1. Variance Analysis
  • 2. Performance Evaluation
  • 3. Flexible Budgets
- Budget Preparation
  • 1. Cash Budgets
  • 2. Master Budgets
  • 3. Functional Budgets
Short-Term Decision Making30%- Pricing Decisions
  • 1. Market-Based Pricing
  • 2. Cost-Based Pricing
- Relevant Cost Analysis
  • 1. Product Mix Decisions
  • 2. Special Order Decisions
  • 3. Make or Buy Decisions
Cost Accounting for Decision and Control30%- Costing Systems
  • 1. Activity-Based Costing
  • 2. Marginal Costing
  • 3. Absorption Costing
  • 4. Standard Costing
- Cost Classification and Behaviour
  • 1. Cost Estimation Techniques
  • 2. Fixed and Variable Costs
  • 3. Cost Drivers

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