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Last Updated: Oct 12, 2026

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CIMA P1 Exam Overview:

Certification Vendor:Chartered Institute of Management Accountants (CIMA)
Exam Name:Management Accounting
Exam Number:CIMAPRO19-P01-1
Exam Duration:90 minutes
Available Languages:English
Real Exam Qty:60
Passing Score:100/150
Related Certifications:Operational Case Study (OCS)
CIMA Professional Qualification Operational Level
CIMA Diploma in Management Accounting
Exam Price:USD 120
Exam Format:Computer-Based Objective Test, Number Entry Questions, Multiple Choice Questions, Drag and Drop Questions, Multiple Response Questions
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based exam delivered through Pearson VUE test centers and CIMA online examination platforms where available.
Pre Condition:No mandatory prerequisite examination. Candidates typically complete or receive exemptions for Certificate in Business Accounting subjects before entering the Professional Qualification.
Official Syllabus URL:https://www.aicpa-cima.com/resources/landing/cima-professional-qualification

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

CIMA Management Accounting Exam FAQ: What Candidates Ask Most

The P1 exam is the official Chartered Institute of Management Accountants (CIMA) exam behind the CIMA Operational certification, validating the skills measured by the CIMA Management Accounting credential. It sits at the Operational Level level of the Chartered Institute of Management Accountants (CIMA) certification program. It also connects to CIMA Professional Qualification Operational Level, CIMA Diploma in Management Accounting, Operational Case Study (OCS), so the knowledge you build here carries over to those tracks as well.

The P1 exam contains 60 questions to be completed within 90 minutes. Before exam day, divide the available time by the question count to work out a comfortable per-question pace, and mark any item that eats into it so you can return later instead of getting stuck. Timed sessions in the BraindumpQuiz test engines make that pacing automatic — run at least two full-length mock exams under the clock so time pressure never becomes the reason you drop points.

The passing score for the P1 exam is 100/150, and the official registration fee is USD 120. Retakes are not discounted — every new attempt means paying the full fee again — so it pays to measure yourself before you book. Work through the 258 practice questions on BraindumpQuiz, sit a timed practice test, and schedule your exam only when your scores are consistently comfortable. That simple habit is the cheapest exam strategy there is.

No mandatory prerequisite examination. Candidates typically complete or receive exemptions for Certificate in Business Accounting subjects before entering the Professional Qualification. Requirements can change when Chartered Institute of Management Accountants (CIMA) revises its certification program, so confirm the current eligibility rules on the official exam page before you register.

Yes. BraindumpQuiz provides a free P1 PDF demo so you can review the question style and answer quality before purchasing. Every purchase also includes 365 days of free updates — if CIMA revises the exam during that period, the updated material reaches you at no cost. Once the free-update year ends, you can extend your update service at a 50% discount.

Every CIMA Management Accounting purchase on BraindumpQuiz is covered by a 100% money-back guarantee with clear conditions: if you take the corresponding exam within 60 days of your purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip and your official score report as a PDF within two days of the exam date; claims are processed within seven days of submission. The guarantee does not apply to exams taken within three days of purchase, to material that was downloaded but never used in an exam attempt, or to free products and expired orders, and the candidate name must match the payer name. If you would rather not take a refund, you can instead exchange your purchase for two free exam preparation products of equal value and keep the update service on your original product.

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The CIMA Management Accounting exam blueprint is organized into 4 domains. The first three are:

  • Cost Accounting for Decision and Control — 30% of the exam
  • Short-Term Decision Making — 30% of the exam
  • Risk and Uncertainty — 15% of the exam

For the complete domain-by-domain breakdown, scroll up to the full exam topics outline above and use it to plan how you distribute your study time.

CIMA Management Accounting Sample Questions:

Question #1

Explain the advantages of management participation in budget setting and the potential problems that may arise in the use of the resulting budget as a control mechanism.
Select all the correct answers.

  • A. A purposes of budgeting is to act as a control mechanism, with actual results being compared against budget.
  • B. Participation in budget setting can reduce the information asymmetry gap that can arise when targets are imposed by senior management. Imposed targets are likely to make managers feel demotivated and alienated and result in poor performance.
  • C. The participation of managers in the budget setting process has several advantages. Managers are more likely to be motivated to achieve the target if they have participated in setting process has several advantages. managers are more likely to be motivated to achieve the target if they have participated in setting the target.
  • D. Managers will not 'empire build' because they don't believe that the size of their budget reflects their importance within the organization.
  • E. Another purpose of a budget is to set targets to motivate managers and optimize their performance.
  • F. Participation in budget setting can cause problems; in particular, managers may attempt to negotiate budgets that they feel are easy to achieve which gives rise to "budget padding" or budgetary slack.
Reveal Solution  Discussion  0

Correct Answer: A,B,C,E,F  🗳️

Question #2

XY can choose from four mutually exclusive projects. The projects will each last for one year and their net cash inflows will be determined by market conditions. The forecast net cash inflows for each of the possible outcomes are shown below.

If the company applies the maximin criterion the project chosen would be:

  • A. Project A
  • B. Project D
  • C. Project B
  • D. Project C
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

A company is launching a new product.
The company accountant has constructed a payoff table to show the estimated profit at different levels of production and demand.

How many units should the company produce if the minimax regret criterion is applied?

  • A. 150,000
  • B. 180,000
  • C. 100,000
  • D. 200,000
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

PQR has recently introduced an activity-based costing system.
It manufactures three products, details of which are given below.
The budgeted production overhead costs for the year are shown in table below:

What is budgeted machine set-up cost per unit of Product J?
Give your answer to the nearest cent.

Reveal Solution  Discussion  0

Correct Answer:

$0.15

Question #5

A company has only 10,100 hours of skilled labour available next period.
Data for its three products for next period are as follows.

At least 500 units of each product must be sold each period.
No inventories are held.
How many units of Product X should be manufactured next period in order to maximise profit?

Reveal Solution  Discussion  0

Correct Answer:

1200 units

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