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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.
New updates
In recent years, some changes are taking place in this line about the new points are being constantly tested in the Management Accounting real exam. So our experts highlight the new type of questions and add updates into the practice materials, and look for shifts closely when they take place. As to the rapid changes happened in this exam, experts will fix them and we assure your CIMAPRO19-P01-1 exam simulation you are looking at now are the newest version. Materials trends are not always easy to forecast, but they have predictable pattern for them by ten-year experience who often accurately predict points of knowledge occurring in next CIMAPRO19-P01-1 preparation materials: Management Accounting.
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.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting for Decision and Control | 30% | - Standard costing and variance analysis - Cost-volume-profit (CVP) analysis - Absorption and marginal costing - Cost classification and behaviour - Concepts and purposes of costing - Activity-based costing |
| Budgeting and Budgetary Control | 25% | - Purposes and types of budgets - Preparation of functional and master budgets - Flexible budgeting - Budgetary control and performance reporting - Beyond budgeting and modern approaches |
| Short-Term Commercial Decision Making | 30% | - Product mix decisions - Relevant costing principles - Limiting factor analysis - Make-or-buy and outsourcing decisions - Pricing strategies and decisions |
| Dealing with Uncertainty in the Short Term | 15% | - Uncertainty in budgeting and decisions - Decision trees - Probability and expected values - Sensitivity analysis - Risk attitudes: maximin, maximax, minimax regret |
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