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CIMA CIMAPRO19-P01-1 (Management Accounting) Certification Exam is a computer-based exam that consists of 60 multiple-choice questions. P1 exam is divided into two parts, each of which lasts for 90 minutes. Part A covers topics such as cost accounting, budgeting, and performance management. Part B covers topics such as financial analysis and decision-making, risk management, and strategic management accounting.

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

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Passing the CIMA P1 (Management Accounting) Exam is an important step towards becoming a certified management accountant. Management Accounting certification can open up a range of career opportunities in the field of management accounting, including roles such as financial analyst, management accountant, and financial controller. Management Accounting certification is recognized globally, which means that certified professionals can work in different countries and industries. Overall, the CIMA P1 (Management Accounting) Exam is a valuable certification that can help individuals enhance their skills and advance their careers in the world of finance and accounting.

CIMA CIMAPRO19-P01-1 certification exam is an internationally recognized certification that demonstrates the candidate's knowledge and skills in management accounting. Management Accounting certification is highly valued by employers worldwide, and it is an excellent way for candidates to advance their careers in the field of management accounting. Management Accounting certification is valid for three years, after which candidates will need to renew their certification by taking a renewal exam or completing the required continuing professional development (CPD) activities.

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CIMA P1 exam covers a range of topics related to management accounting. These include cost accounting, budgeting, and performance evaluation, as well as topics related to financial management, such as risk management, investment appraisal, and sources of finance. Students will also learn about the role of management accounting in supporting decision-making and how it can be used to improve business performance.

CIMA P1 Exam Syllabus Topics:

SectionWeightObjectives
Dealing with Uncertainty in the Short Term15%- Decision trees
- Probability and expected values
- Sensitivity analysis
- Uncertainty in budgeting and decisions
- Risk attitudes: maximin, maximax, minimax regret
Budgeting and Budgetary Control25%- Beyond budgeting and modern approaches
- Flexible budgeting
- Budgetary control and performance reporting
- Purposes and types of budgets
- Preparation of functional and master budgets
Cost Accounting for Decision and Control30%- Cost-volume-profit (CVP) analysis
- Cost classification and behaviour
- Activity-based costing
- Standard costing and variance analysis
- Concepts and purposes of costing
- Absorption and marginal costing
Short-Term Commercial Decision Making30%- Pricing strategies and decisions
- Product mix decisions
- Make-or-buy and outsourcing decisions
- Limiting factor analysis
- Relevant costing principles

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