About CIMA P1 Exam Braindumps
CIMA P1 exam covers topics such as cost and management accounting techniques, management control systems, budgeting, and performance measurement. P1 exam is divided into three sections, each of which focuses on a different aspect of management accounting. The first section covers cost accounting techniques, such as activity-based costing, job costing, and process costing. The second section covers management control systems, such as variance analysis, responsibility accounting, and performance measurement. The third section covers budgeting, including the preparation, monitoring, and control of budgets.
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CIMA CIMAPRO19-P01-1 certification exam is designed for those who are looking to pursue a career in the field of management accounting. Management Accounting certification exam is recognized globally and is considered to be one of the most comprehensive exams in the industry. P1 exam is designed to test the knowledge of candidates in the areas of management accounting, financial management, and business strategy.
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CIMA CIMAPRO19-P01-1 certification exam is designed to assess the knowledge and skills required for individuals who want to obtain a certification in Management Accounting. P1 exam targets professionals who want to excel in their career as a management accountant, financial analyst, or in any related field. Management Accounting certification exam is recognized globally and it distinguishes individuals who have passed the exam from those who have not, thereby increasing their career opportunities.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
To be eligible to take the CIMA CIMAPRO19-P01-1 (Management Accounting) Exam, candidates must have completed the CIMA Certificate in Business Accounting or an equivalent qualification. P1 exam is computer-based and consists of 90 multiple-choice questions that must be completed within three hours. Candidates must achieve a minimum score of 70% to pass the exam and earn the CIMA Management Accounting certification.
CIMA P1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Short-Term Commercial Decision Making | 30% | - Product mix decisions - Relevant costing principles - Limiting factor analysis - Make-or-buy and outsourcing decisions - Pricing strategies and decisions |
| Dealing with Uncertainty in the Short Term | 15% | - Uncertainty in budgeting and decisions - Decision trees - Probability and expected values - Risk attitudes: maximin, maximax, minimax regret - Sensitivity analysis |
| Budgeting and Budgetary Control | 25% | - Preparation of functional and master budgets - Purposes and types of budgets - Budgetary control and performance reporting - Flexible budgeting - Beyond budgeting and modern approaches |
| Cost Accounting for Decision and Control | 30% | - Cost-volume-profit (CVP) analysis - Concepts and purposes of costing - Cost classification and behaviour - Absorption and marginal costing - Activity-based costing - Standard costing and variance analysis |
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