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CIMA Management Accounting : P1

P1

Exam Code: P1

Exam Name: Management Accounting

Updated: Jun 16, 2026

Q & A: 258 Questions and Answers

P1 Free Demo download:

PDF Version Demo Test Engine Online Test Engine

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For more information visit:

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CIMA P1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand how budgets can help energize and motive individuals and teams
  • Recognise how management accountants help make tactical business decisions
Topic 2
  • Calculate revenue and cost estimates using quantitative analyses
  • Calculate and interpret overall flexed budget variances
Topic 3
  • Determine causality in cost function estimates and impact on budgets
  • Identify inventory costs and period costs
Topic 4
  • Calculate subdivision of total usage
  • efficiency variances into mix and yield variances
  • Use material, labour, variable overhead, fixed overhead and sales variances
Topic 5
  • Understand relevant cash flows and their use in pricing decisions
  • Calculate the costs for products or services using activity-based costing

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

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.

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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
P1 Related Exams
CIMAPRO19-P01-1 - Management Accounting
Related Certifications
CIMA Strategic Level Case Study Exam
CIMA Certification
CIMA Certificate
CIMA Business Accounting
CIMA CGMA Professional Qualification
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