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CIMA P1 exam : Management Accounting

P1 Exam Questions
  • Exam Code: P1
  • Exam Name: Management Accounting
  • Updated: Jun 03, 2026
  • Q & A: 258 Questions and Answers
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About CIMA P1 Exam Guide

CIMA P1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand relevant cash flows and non-financial factors and how it affects make or buy decisions
  • Understand the strategic implications of short-term decision-making
Topic 2
  • Determine the activity that causes the change in cost
  • Understand the difference between variable costs and fixed costs
Topic 3
  • Understand the impact of individuals’ risk attitudes on decision-making in the short term
  • Understand the difference between direct costs and indirect costs
Topic 4
  • Calculate the breakeven point and output level required to meet income targets
  • Understand costing and the different reasons for calculating costs
Topic 5
  • Calculate revenue and cost estimates using quantitative analyses
  • Calculate and interpret overall flexed budget variances
Topic 6
  • Establish manufacturing standards for material, labour, variable overhead and fixed overhead
  • Understand the difference between financial accounting and cost accounting

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

Topics of CIMA Operational CIMA P1 Accounting

The following topics are a part of CIMA P1 Accounting module.

  • Prepare information to support short-term decision-making
  • Apply relevant financial reporting standards and corporate governance, ethical and tax principles
  • Short term commercial decision making
  • Prepare information to manage working capital
  • Analyse performance using financial and nonfinancial information
  • Distinguish Between The Different Rationales For Costing
  • Budgeting and budgetary control
  • Cost Accounting for decision and control
  • Prepare budget information and assess its use for planning and control purposes
  • Risk and uncertainty in the short term

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

The following will be discussed in CIMA P1 exam dumps:

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

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