CIMA P1 : Management Accounting

P1 real exams

Exam Code: P1

Exam Name: Management Accounting

Updated: Jul 31, 2026

Q & A: 258 Questions and Answers

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Below is the CIMA Operational CIMA P1 Accounting

  • Number of questions: 60
  • Language: English
  • Format: Multiple choices, multiple answers
  • Length of Examination: 90 minutes
  • Passing score: 70%

CIMA P1 Exam Syllabus Topics:

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

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

Understanding function and technical aspects of Apply relevant financial reporting standards and corporate governance, ethical and tax principles

The following will be discussed in CIMA P1 exam dumps:

  • Apply relevant IFRS in a given context, to facilitate the preparation of financial statements
  • Identify the impact of tax regulation on transactions, decisions and profits
  • Apply the principles of corporate governance and ethics

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Understanding function and technical aspects of Analyse performance using financial and nonfinancial information

The following will be discussed in CIMA P1 exam dumps:

  • Explain company performance using KPIs
  • Identify appropriate KPIs for different functions of the organisation
  • Identify information that can enable managers to review performance
  • Interpret variances to review functional and organisational performance
  • Prepare performance reports for use by different functions and for different purposes in appropriate formats and media

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