CIMA P1 Q&A - in .pdf

  • Exam Code: P1
  • Exam Name: Management Accounting
  • Updated: Jul 27, 2026
  • Q & A: 258 Questions and Answers
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CIMA P1 Q&A - Testing Engine

  • Exam Code: P1
  • Exam Name: Management Accounting
  • Q & A: 258 Questions and Answers
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CIMA CIMAPRO19-P01-1 certification exam is divided into three sections. The first section focuses on management accounting and covers topics such as cost accounting, budgeting, and performance evaluation. The second section covers financial management and includes topics such as financial analysis, investment decisions, and risk management. The final section focuses on business strategy and covers topics such as strategic planning, competitive analysis, and business models. To pass the exam, candidates must demonstrate a thorough understanding of these topics and their practical applications in the business world.

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

CIMA P1 exam is designed to equip students with knowledge that is essential in decision-making processes in modern organizations. P1 exam stretches students' understanding of management accounting concepts, techniques, and tools, making them capable of tackling challenges faced by accounting professionals in real-world situations.

CIMA CIMAPRO19-P01-1 (Management Accounting) Exam is a certification exam that measures the knowledge, skills, and attitudes of accounting professionals in the field of management accounting. P1 exam is administered by the Chartered Institute of Management Accountants (CIMA), an internationally recognized professional body for management accountants. P1 exam covers topics such as cost accounting, budgeting, variance analysis, pricing strategies, and performance management.

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CIMA P1 Exam Syllabus Topics:

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

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