CIMA CIMAPRO19-P01-1 : Management Accounting

  • Exam Code: CIMAPRO19-P01-1
  • Exam Name: Management Accounting
  • Updated: May 29, 2026
  • Q & A: 258 Questions and Answers

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Introduction to CIMA Operational CIMA P1 Accounting

CIMA Operational is the first level of the CIMA Professional qualification. After completing this level you can progress onto the Management level, then complete the Strategic level to become a chartered management accountant. You will need to have completed CIMA Certificate, AAT Professional (Level 4), or have an accountancy or finance degree.

The purpose of the CIMA P1 exam dumps is to spotlight areas of student difficulty, so that remedial measures can be taken before the chances for success are impaired. The CIMA Operational CIMA P1 Accounting is generally given by students who are interested in accounting and finance.

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

The following will be discussed in CIMA P1 exam dumps:

  • Apply different costing methods to produce costing information suitable for managers' needs
  • Compare different costing methods and systems to determine the most suitable for use by the organisation for different purposes
  • Identify the cost information required for digital cost objects
  • Make decisions regarding activities (e.g.) purchase materials required for production
  • Control the activities (e.g.) control amount of materials being used for production
  • Plan the activities (e.g.) plan number of units to produce this year
  • 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
  • Explain costing information to operational and senior management using appropriate formats and media

CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Establish manufacturing standards for material, labour, variable overhead and fixed overhead
  • Understand the difference between financial accounting and cost accounting
Topic 2
  • Understand the impact of individuals’ risk attitudes on decision-making in the short term
  • Understand the difference between direct costs and indirect costs
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
  • Understand how budgets can help energize and motive individuals and teams
  • Recognise how management accountants help make tactical business decisions
Topic 5
  • Calculate subdivision of total usage
  • efficiency variances into mix and yield variances
  • Use material, labour, variable overhead, fixed overhead and sales variances
Topic 6
  • Determine causality in cost function estimates and impact on budgets
  • Identify inventory costs and period costs
Topic 7
  • 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

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

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