CIMA P1 Exam : Management Accounting

P1
  • Exam Code: P1
  • Exam Name: Management Accounting
  • Updated: Jun 14, 2026
  • Q & A: 258 Questions and Answers

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About CIMA P1 Exam

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CIMA P1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Understand relevant cash flows and their use in pricing decisions
  • Calculate the costs for products or services using activity-based costing
Topic 2
  • Determine the activity that causes the change in cost
  • Understand the difference between variable costs and fixed costs
Topic 3
  • Understand how budgets can help energize and motive individuals and teams
  • Recognise how management accountants help make tactical business decisions
Topic 4
  • Calculate subdivision of total usage
  • efficiency variances into mix and yield variances
  • Use material, labour, variable overhead, fixed overhead and sales variances
Topic 5
  • Understand the impact of individuals’ risk attitudes on decision-making in the short term
  • Understand the difference between direct costs and indirect costs
Topic 6
  • Calculate the breakeven point and output level required to meet income targets
  • Understand costing and the different reasons for calculating costs
Topic 7
  • Determine causality in cost function estimates and impact on budgets
  • Identify inventory costs and period costs
Topic 8
  • Establish manufacturing standards for material, labour, variable overhead and fixed overhead
  • Understand the difference between financial accounting and cost accounting

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:

  • Identify the impact of changing working capital policies
  • 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
  • Explain how to manage and control working capital

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