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CIMA CIMAPRO19-P01-1 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
| Exam Name: | Management Accounting |
| Exam Number: | P1 |
| Passing Score: | 100 out of 150 scaled score (~67%) |
| Certificate Validity Period: | Lifetime validity (no expiry once passed) |
| Real Exam Qty: | 60 |
| Exam Format: | Computer-based Objective Test, Multiple Choice, Multiple Response, Drag and Drop, Numeric Entry, Scenario-based questions |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Price: | Approx. £115–£145 / $150–$190 USD (varies by region & membership status) |
| Related Certifications: | E1 Managing Finance in a Digital World F1 Financial Reporting Operational Case Study (OCS) CIMA Advanced Diploma in Management Accounting CIMA Professional Qualification / CGMA |
| Recommended Training: | CIMA Approved Learning Partners Official CIMA Study Materials |
| Exam Registration: | Pearson VUE Scheduling Official CIMA Registration & Booking |
| Sample Questions: | CIMA CIMAPRO19-P01-1 Sample Questions |
| Exam Way: | On-demand computer-based exam at Pearson VUE test centers or online proctored |
| Pre Condition: | CIMA Certificate in Business Accounting (Cert BA) or relevant exemptions; no formal mandatory prerequisites but recommended foundation in accounting and mathematics |
| Official Syllabus URL: | https://www.cimaqualification.com/operational-level/p1-management-accounting |
For more information visit:
Certification Path for CIMA Operational CIMA P1 Accounting
The CIMA Professional Qualification is suited for anybody who wants to pursue a career in finance focusing on accounting, reporting and business strategy. It is quite different than the conventional courses which concentrate more on accounting, taxation and audit.
CBAs are available for all the papers of the Certificate Level and can be taken at any time of the year, allowing students to progress through CIMA papers at their own pace.
CBA uses computers to deliver questions and receive answers. Objective test questions are used in the assessment (the most common type is multiple choice but there are other formats).
The CBA system has many benefits:
- CBA allows for a wide range of the syllabus to be covered so you can be confident that you have a sound grounding in business and accounting in preparation for the Intermediate level exams.
- You will receive individual performance feedback after the assessment, if you are unsuccessful this will help you to identify the areas of the syllabus where you require a better understanding of the topics.
- You will receive your results immediately after you finish the assessment, because the computer can mark it instantly.
- Upon successfully completing an exam by computer based assessment you will receive a ‘Certificate of Achievement' from the centre. Your student record will automatically be updated by CIMA and an exemption will be awarded for the appropriate paper based subject.
- You can also re-sit assessments as and when you are ready.
- CBA can be taken at any time of the year, provided that you are a registered CIMA student. However, if you are using CBA to fast track through to the Intermediate level papers you need to be aware of CIMA's registration, exam entry and exemption deadlines.
- You can sit computer based assessment whenever you wish - you aren't restricted to the two paper based exam sittings per year.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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.
Below is the CIMA Operational CIMA P1 Accounting
- Language: English
- Format: Multiple choices, multiple answers
- Number of questions: 60
- Passing score: 70%
- Length of Examination: 90 minutes
CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting for Decision and Control | 30% | - Cost classification and behaviour - Cost-volume-profit (CVP) analysis - Absorption and marginal costing - Standard costing and variance analysis - Concepts and purposes of costing - Activity-based costing |
| Topic 2: Budgeting and Budgetary Control | 25% | - Flexible budgeting - Budgetary control and performance reporting - Preparation of functional and master budgets - Purposes and types of budgets - Beyond budgeting and modern approaches |
| Topic 3: Short-Term Commercial Decision Making | 30% | - Limiting factor analysis - Make-or-buy and outsourcing decisions - Pricing strategies and decisions - Relevant costing principles - Product mix decisions |
| Topic 4: Dealing with Uncertainty in the Short Term | 15% | - Sensitivity analysis - Decision trees - Uncertainty in budgeting and decisions - Probability and expected values - Risk attitudes: maximin, maximax, minimax regret |
By Pamela
