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Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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Difficulty in taking the CIMA Operational CIMA P1 Accounting
The CIMA CIMA P1 Management Accounting is a tricky little paper pass but it's one of the more interesting papers as it builds your knowledge of Management Accounting and the various concepts involved - and, after all, this is why we are studying for the CIMA qualification!
Over half (60%) of the CIMA P1 Management Accounting is concerned with;
- Short-Term Decision making
- Cost accounting systems
CIMA P1 practice exams can be a great way to prepare for this exam. With our experts, we produced the draft blueprints that provides a clearer direction on the approach to be taken in examinations.
CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Costing Techniques | - Overhead allocation and absorption - Absorption and marginal costing |
| Standard Costing and Variance Analysis | - Interpretation of variances - Material, labor, and overhead variances |
| Budgeting | - Budget preparation and purpose - Cash and functional budgets |
| Short-term Decision Making | - Make or buy and limiting factors - Relevant costing principles |
| Cost-Volume-Profit Analysis | - Contribution and margin of safety - Break-even analysis |
| Introduction to Management Accounting | - Role and purpose of management accounting - Cost classification and cost behavior |






