Below is the CIMA Operational CIMA P1 Accounting
- Passing score: 70%
- Length of Examination: 90 minutes
- Number of questions: 60
- Format: Multiple choices, multiple answers
- Language: English
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
CIMA CIMAPRO19-P01-1 certification exam is an internationally recognized certification that demonstrates the candidate's knowledge and skills in management accounting. Management Accounting certification is highly valued by employers worldwide, and it is an excellent way for candidates to advance their careers in the field of management accounting. Management Accounting certification is valid for three years, after which candidates will need to renew their certification by taking a renewal exam or completing the required continuing professional development (CPD) activities.
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One of the key benefits of obtaining the CIMA P1 Certification is that it provides candidates with a globally recognized qualification in management accounting. Management Accounting certification is highly respected in the business world and is recognized by employers worldwide. Furthermore, candidates who pass the exam are well-equipped to make informed business decisions and are able to provide valuable insights into financial performance to management teams.
CIMA P1 (Management Accounting) Certification Exam is an internationally recognized accounting qualification offered by the Chartered Institute of Management Accountants (CIMA). P1 exam is designed to test the skills and knowledge of professionals in the area of management accounting. P1 exam covers a broad range of topics, including cost accounting, budgeting, financial analysis, and risk management.
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CIMA P1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Costing Techniques | - Overhead allocation and absorption - Absorption and marginal costing |
| Standard Costing and Variance Analysis | - Material, labor, and overhead variances - Interpretation of variances |
| Budgeting | - Cash and functional budgets - Budget preparation and purpose |
| Introduction to Management Accounting | - Role and purpose of management accounting - Cost classification and cost behavior |
| Cost-Volume-Profit Analysis | - Break-even analysis - Contribution and margin of safety |
| Short-term Decision Making | - Make or buy and limiting factors - Relevant costing principles |
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