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Below is the CIMA Operational CIMA P1 Accounting

  • Language: English
  • Number of questions: 60
  • Format: Multiple choices, multiple answers
  • Length of Examination: 90 minutes
  • Passing score: 70%

Candidates who pass the CIMA CIMAPRO19-P01-1 exam are certified as management accountants. Management Accounting certification is recognized by employers around the world and is highly valued in the financial industry. Management Accounting certification demonstrates that a professional has the knowledge and skills needed to succeed in the field of management accounting, and it can lead to career advancement and higher salaries. Overall, the CIMA CIMAPRO19-P01-1 exam is a rigorous and comprehensive assessment of a professional's knowledge and skills in the field of management accounting.

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The CIMA P1 exam is a multiple-choice question (MCQ) type test that lasts for three hours, consisting of sixty questions. You must complete sixty percent of the questions correctly to attain a passing score. P1 exam is computer-based and taken at distinct exam centers worldwide, including proctored online exams.

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

CIMA P1 Exam Syllabus Topics:

SectionObjectives
Cost Accounting for Decision and Control- Cost classification and behavior
  • 1. Cost estimation techniques
    • 2. Fixed, variable, and semi-variable costs
      - Costing systems
      • 1. Activity-based costing (ABC)
        • 2. Absorption vs marginal costing
          Short-term Decision Making- Decision techniques
          • 1. Make or buy decisions
            • 2. Limiting factor analysis
              - Relevant costing principles
              • 1. Relevant vs irrelevant costs
                • 2. Opportunity cost analysis
                  Budgeting and Management Control- Budget preparation
                  • 1. Functional budgets
                    • 2. Cash budgets
                      - Budgetary control systems
                      • 1. Variance analysis basics
                        • 2. Flexible budgeting
                          Risk and Uncertainty in Decision Making- Risk evaluation methods
                          • 1. Sensitivity analysis
                            • 2. Expected values

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