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CIMA P1 : Management Accounting

Exam Code: P1

Exam Name: Management Accounting

Updated: May 29, 2026

Q & A: 258 Questions and Answers

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About CIMA P1 exam dumps materials

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

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CIMA P1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Calculate revenue and cost estimates using quantitative analyses
  • Calculate and interpret overall flexed budget variances
Topic 2
  • Calculate the breakeven point and output level required to meet income targets
  • Understand costing and the different reasons for calculating 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
  • Establish manufacturing standards for material, labour, variable overhead and fixed overhead
  • Understand the difference between financial accounting and cost accounting
Topic 5
  • 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
Topic 6
  • Determine causality in cost function estimates and impact on budgets
  • Identify inventory costs and period costs
Topic 7
  • Determine the activity that causes the change in cost
  • Understand the difference between variable costs and fixed costs
Topic 8
  • Understand the impact of individuals’ risk attitudes on decision-making in the short term
  • Understand the difference between direct costs and indirect costs
Topic 9
  • Understand relevant cash flows and their use in pricing decisions
  • Calculate the costs for products or services using activity-based costing

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

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.

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