CIMA Management Accounting : P1

P1 real exams

Exam Code: P1

Exam Name: Management Accounting

Updated: Aug 01, 2026

Q & A: 258 Questions and Answers

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About CIMA P1 Exam

Below is the CIMA Operational CIMA P1 Accounting

  • Number of questions: 60
  • Format: Multiple choices, multiple answers
  • Language: English
  • Length of Examination: 90 minutes
  • Passing score: 70%

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

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Understanding function and technical aspects of Prepare information to manage working capital

The following are a part of CIMA P1 practice exams:

  • Explain how to manage and control working capital
  • Identify appropriate sources of short-term finance and methods of short-term investments
  • Explain working capital ratios in comparison to prior periods or to other organisations
  • Identify the impact of changing working capital policies

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CIMA P1 Exam Syllabus Topics:

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

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