CIMA Management Accounting : CIMAPRO19-P01-1

CIMAPRO19-P01-1 Exam Simulator
  • Exam Code: CIMAPRO19-P01-1
  • Exam Name: Management Accounting
  • Updated: Jul 19, 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

For more information visit:

CIMA Official Website

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

Understanding function and technical aspects of Analyse performance using financial and nonfinancial information

The following will be discussed in CIMA P1 exam dumps:

  • Identify appropriate KPIs for different functions of the organisation
  • Interpret variances to review functional and organisational performance
  • Identify information that can enable managers to review performance
  • Explain company performance using KPIs
  • Prepare performance reports for use by different functions and for different purposes in appropriate formats and media

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What do you learn in P1?

  • Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.
  • How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.

CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

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

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