CIMA Management Accounting : P1

  • Exam Code: P1
  • Exam Name: Management Accounting
  • Updated: Aug 29, 2026     Q & A: 258 Questions and Answers

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About CIMA P1 Exam

For more information visit:

CIMA Official Website

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

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Below is the CIMA Operational CIMA P1 Accounting

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

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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.

CIMA P1 Exam Syllabus Topics:

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

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