CIMA Management Accounting : P1

P1 real exams

Exam Code: P1

Exam Name: Management Accounting

Updated: Sep 04, 2026

Q & A: 258 Questions and Answers

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Understanding function and technical aspects of Apply relevant financial reporting standards and corporate governance, ethical and tax principles

The following will be discussed in CIMA P1 exam dumps:

  • Apply the principles of corporate governance and ethics
  • Apply relevant IFRS in a given context, to facilitate the preparation of financial statements
  • Identify the impact of tax regulation on transactions, decisions and profits

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What is the cost of CIMA Operational CIMA P1 Accounting?

CIMA Operational CIMA P1 Accounting costs GBP 425.

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

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CIMA P1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Budgeting and Management Control- Budget preparation
  • 1. Functional budgets
    • 2. Cash budgets
      - Budgetary control systems
      • 1. Variance analysis basics
        • 2. Flexible budgeting
          Topic 2: Cost Accounting for Decision and Control- Cost classification and behavior
          • 1. Fixed, variable, and semi-variable costs
            • 2. Cost estimation techniques
              - Costing systems
              • 1. Absorption vs marginal costing
                • 2. Activity-based costing (ABC)
                  Topic 3: Short-term Decision Making- Decision techniques
                  • 1. Limiting factor analysis
                    • 2. Make or buy decisions
                      - Relevant costing principles
                      • 1. Opportunity cost analysis
                        • 2. Relevant vs irrelevant costs
                          Topic 4: Risk and Uncertainty in Decision Making- Risk evaluation methods
                          • 1. Expected values
                            • 2. Sensitivity analysis

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