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The CIMA CIMAPRO19-P01-1 exam covers budgeting, including the preparation of budgets, the use of variance analysis to monitor performance, and the role of budgets in planning and control. The final section of the exam covers performance management, including the use of performance measures to evaluate the effectiveness of organisational strategies, the design and implementation of performance management systems, and the use of performance measures to align individual and team objectives with organisational goals.

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

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CIMA CIMAPRO19-P01-1 (Management Accounting) Certification Exam is designed for professionals who are looking to validate their knowledge and skills in the field of management accounting. Management Accounting certification exam is administered by the Chartered Institute of Management Accountants (CIMA), which is one of the world's leading professional bodies for management accountants. CIMAPRO19-P01-1 exam covers a wide range of topics related to management accounting, including costing systems, budgeting, performance management, and risk management.

CIMA P1 exam is an essential step towards achieving the CIMA Professional Qualification. It covers a wide range of topics related to management accounting and provides students with a strong foundation in the principles and practices of this field. CIMAPRO19-P01-1 exam is designed to test the knowledge, skills and competencies required of a management accountant, ensuring that students are well-equipped to succeed in this dynamic and challenging profession.

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CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Introduction to Management Accounting- Role and purpose of management accounting
- Cost classification and cost behavior
Topic 2: Cost-Volume-Profit Analysis- Contribution and margin of safety
- Break-even analysis
Topic 3: Standard Costing and Variance Analysis- Interpretation of variances
- Material, labor, and overhead variances
Topic 4: Costing Techniques- Absorption and marginal costing
- Overhead allocation and absorption
Topic 5: Short-term Decision Making- Relevant costing principles
- Make or buy and limiting factors
Topic 6: Budgeting- Cash and functional budgets
- Budget preparation and purpose

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