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Last Updated: Aug 28, 2026

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CIMA P1 Practice Q&A's

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What is the cost of CIMA Operational CIMA P1 Accounting?

CIMA Operational CIMA P1 Accounting costs GBP 425.

For more information visit:

CIMA Official Website

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

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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 P1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Cost Accounting for Decision and Control30%- Costing Systems
  • 1. Absorption Costing
  • 2. Standard Costing
  • 3. Marginal Costing
  • 4. Activity-Based Costing
- Cost Classification and Behaviour
  • 1. Cost Estimation Techniques
  • 2. Fixed and Variable Costs
  • 3. Cost Drivers
Topic 2: Short-Term Decision Making30%- Relevant Cost Analysis
  • 1. Make or Buy Decisions
  • 2. Product Mix Decisions
  • 3. Special Order Decisions
- Pricing Decisions
  • 1. Cost-Based Pricing
  • 2. Market-Based Pricing
Topic 3: Risk and Uncertainty15%- Decision Making Under Uncertainty
  • 1. Sensitivity Analysis
  • 2. Decision Trees
  • 3. Expected Value Analysis
Topic 4: Budgeting and Budgetary Control25%- Budget Preparation
  • 1. Master Budgets
  • 2. Cash Budgets
  • 3. Functional Budgets
- Budgetary Control
  • 1. Variance Analysis
  • 2. Flexible Budgets
  • 3. Performance Evaluation

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