Management Accounting: P1 Exam

"Management Accounting", also known as P1 exam, is a CIMA Certification. With the complete collection of questions and answers, PrepAwayPDF has assembled to take you through 258 Q&As to your P1 Exam preparation. In the P1 exam resources, you will cover every field and category in CIMA Operational Certification helping to ready you for your successful CIMA Certification.

  • Exam Code: P1
  • Exam Name: Management Accounting
  • Certification Provider: CIMA
  • Corresponding Certification: CIMA Operational
  • Updated: Sep 06, 2026
  • No. of Questions: 258 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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What is the cost of CIMA Operational CIMA P1 Accounting?

CIMA Operational CIMA P1 Accounting costs GBP 425.

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

What do you learn in P1?

  • Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.
  • How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.

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CIMA P1 Exam Syllabus Topics:

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

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