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CIMA P1 exam is a management accounting qualification offered by the Chartered Institute of Management Accountants (CIMA). CIMAPRO19-P01-1 exam is the first of three exams in the CIMA Professional qualification and focuses on the management accounting aspect of finance. It is designed to help students gain an understanding of the fundamental concepts of management accounting, including cost accounting, budgeting, and performance evaluation.

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

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CIMA CIMAPRO19-P01-1 exam is a comprehensive exam that covers a wide range of topics related to management accounting. CIMAPRO19-P01-1 exam consists of four sections: A, B, C, and D. Each section covers a different aspect of management accounting, with section A focusing on the fundamentals of management accounting, section B on costing, section C on financial analysis, and section D on performance management. CIMAPRO19-P01-1 exam consists of both objective and subjective questions, with candidates required to demonstrate their understanding of key concepts and their ability to apply them in real-world scenarios.

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CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

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