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Understanding function and technical aspects of Apply relevant financial reporting standards and corporate governance, ethical and tax principles

The following will be discussed in CIMA P1 exam dumps:

• Apply the principles of corporate governance and ethics
• Apply relevant IFRS in a given context, to facilitate the preparation of financial statements
• Identify the impact of tax regulation on transactions, decisions and profits

What do you learn in P1?

• 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.
• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.

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

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Topics of CIMA Operational CIMA P1 Accounting

The following topics are a part of CIMA P1 Accounting module.

• Cost Accounting for decision and control
• Apply relevant financial reporting standards and corporate governance, ethical and tax principles
• Budgeting and budgetary control
• Short term commercial decision making
• Prepare information to support short-term decision-making
• Analyse performance using financial and nonfinancial information
• Risk and uncertainty in the short term
• Prepare information to manage working capital
• Distinguish Between The Different Rationales For Costing
• Prepare budget information and assess its use for planning and control purposes

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