CIMA CIMAPRO19-P01-1 Q&A - in .pdf

  • Exam Code: CIMAPRO19-P01-1
  • Exam Name: Management Accounting
  • Q & A: 258 Questions and Answers
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  • Exam Code: CIMAPRO19-P01-1
  • Exam Name: Management Accounting
  • Q & A: 258 Questions and Answers
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About CIMA Management Accounting - CIMAPRO19-P01-1 Exam

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What is the cost of CIMA Operational CIMA P1 Accounting?

CIMA Operational CIMA P1 Accounting costs GBP 425.

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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
  • Explain how to manage and control working capital
  • 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

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

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Understanding function and technical aspects of Distinguish Between The Different Rationales For Costing

The following will be discussed in CIMA P1 exam dumps:

  • Identify the cost information required for digital cost objects
  • Use appropriate technologies to gather data for costing purposes, from digital and other sources.
  • Evaluate the activities (e.g.) evaluate whether more/less materials were used per unit in comparison to the original plan
  • Apply different costing methods to produce costing information suitable for managers' needs
  • Make decisions regarding activities (e.g.) purchase materials required for production
  • Compare different costing methods and systems to determine the most suitable for use by the organisation for different purposes
  • Plan the activities (e.g.) plan number of units to produce this year
  • Control the activities (e.g.) control amount of materials being used for production
  • Explain costing information to operational and senior management using appropriate formats and media

CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Budgeting and Management Control- Budget preparation
  • 1. Cash budgets
    • 2. Functional budgets
      - Budgetary control systems
      • 1. Variance analysis basics
        • 2. Flexible budgeting
          Topic 2: Cost Accounting for Decision and Control- Cost classification and behavior
          • 1. Cost estimation techniques
            • 2. Fixed, variable, and semi-variable costs
              - Costing systems
              • 1. Absorption vs marginal costing
                • 2. Activity-based costing (ABC)
                  Topic 3: Short-term Decision Making- Relevant costing principles
                  • 1. Opportunity cost analysis
                    • 2. Relevant vs irrelevant costs
                      - Decision techniques
                      • 1. Limiting factor analysis
                        • 2. Make or buy decisions
                          Topic 4: Risk and Uncertainty in Decision Making- Risk evaluation methods
                          • 1. Expected values
                            • 2. Sensitivity analysis

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