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Topics of CIMA Operational CIMA P1 Accounting

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

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

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CIMA P1 Exam Syllabus Topics:

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

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