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CIMAPRO19-P01-1 exam covers a range of topics, including financial management, cost accounting, budgeting, performance management, and risk management. P1 exam also covers the latest developments in management accounting, such as the use of technology and data analytics to support decision-making. Candidates who pass the exam are awarded the CIMA Certificate in Business Accounting, which is a globally recognized qualification that demonstrates their expertise and knowledge in management accounting.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
| Section | Weight | Objectives |
|---|---|---|
| Cost Accounting for Decision and Control | 30% | - Cost information for planning and control - Costing methods (absorption, marginal, ABC, etc.) - Cost behaviour and cost classification |
| Short-Term Commercial Decision Making | 30% | - Relevant costing and decision criteria - Pricing and make-or-buy decisions - Limiting factor and contribution analysis |
| Budgeting and Budgetary Control | 25% | - Budget preparation and control - Types of budgets (flexible, rolling, cash, etc.) - Budgetary control techniques |
| Dealing with Uncertainty in the Short Term | 15% | - Decision trees and sensitivity analysis - Expected value and risk analysis |
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