Study with CIMAPRO19-P01-1 Actual Test Questions

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

Understanding function and technical aspects of Prepare information to support short-term decision-making

The following will be discussed in CIMA P1 exam dumps:

  • Apply appropriate techniques that support short-term decision-making
  • Explain factors that could influence short-term decisions
  • Prepare information to support operational decisions
  • Apply appropriate techniques to deal with situations where there is risk and uncertainty
  • Identify relevant costs and benefits

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;

  • Cost accounting systems
  • Short-Term Decision making

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:

SectionWeightObjectives
Topic 1: Cost Accounting for Decision and Control30%- Cost information for planning and control
- Cost behaviour and cost classification
- Costing methods (absorption, marginal, ABC, etc.)
Topic 2: Short-Term Commercial Decision Making30%- Pricing and make-or-buy decisions
- Relevant costing and decision criteria
- Limiting factor and contribution analysis
Topic 3: Dealing with Uncertainty in the Short Term15%- Expected value and risk analysis
- Decision trees and sensitivity analysis
Topic 4: Budgeting and Budgetary Control25%- Types of budgets (flexible, rolling, cash, etc.)
- Budgetary control techniques
- Budget preparation and control

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