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CIMA P1 : Management Accounting

P1 real exams

Exam Code: P1

Exam Name: Management Accounting

Updated: May 28, 2026

Q & A: 258 Questions and Answers

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About CIMA P1 Exam

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Understanding function and technical aspects of Prepare information to support short-term decision-making

The following will be discussed in CIMA P1 exam dumps:

  • Apply appropriate techniques to deal with situations where there is risk and uncertainty
  • Identify relevant costs and benefits
  • Explain factors that could influence short-term decisions
  • Prepare information to support operational decisions
  • Apply appropriate techniques that support short-term decision-making

CIMA P1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand how budgets can help energize and motive individuals and teams
  • Recognise how management accountants help make tactical business decisions
Topic 2
  • Calculate revenue and cost estimates using quantitative analyses
  • Calculate and interpret overall flexed budget variances
Topic 3
  • Calculate the breakeven point and output level required to meet income targets
  • Understand costing and the different reasons for calculating costs
Topic 4
  • Understand relevant cash flows and their use in pricing decisions
  • Calculate the costs for products or services using activity-based costing
Topic 5
  • Establish manufacturing standards for material, labour, variable overhead and fixed overhead
  • Understand the difference between financial accounting and cost accounting
Topic 6
  • Determine the activity that causes the change in cost
  • Understand the difference between variable costs and fixed costs
Topic 7
  • Determine causality in cost function estimates and impact on budgets
  • Identify inventory costs and period costs
Topic 8
  • Understand relevant cash flows and non-financial factors and how it affects make or buy decisions
  • Understand the strategic implications of short-term decision-making

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

P1 Related Exams
CIMAPRO19-P01-1 - Management Accounting
Related Certifications
CIMA Certificate
CIMA Business Accounting
CIMA Operational
CIMA Strategic level
CIMA Certification
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