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To prepare for the CIMA P1 exam, students will need to study a range of materials, including textbooks, study guides, and practice tests. They may also choose to attend a CIMA-approved training course or participate in online study groups. P1 exam itself is computer-based and consists of 90 multiple-choice questions that must be completed in three hours.
CIMA P1 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Management Accounting (P1) - Objective Test Exam |
| Exam Number: | CIMAPRO19-P01-1 |
| Certificate Validity Period: | Does not expire individually; qualification progression requires completion within CIMA progression rules |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 60 (Objective Test MCQs and other objective formats) |
| Exam Price: | Approximately £100–£120 per attempt (varies by region) |
| Exam Format: | Objective Test (OT), Case-based Objective Questions, Multiple Choice Questions |
| Related Certifications: | CIMA E1 Managing Finance in a Digital World CIMA Certificate in Business Accounting CIMA Operational Level CIMA F1 Financial Reporting CIMA P1 Management Accounting |
| Passing Score: | 100/150 (scaled score, equivalent to 50%) |
| Recommended Training: | CGMA Study Hub CIMA Official Study Resources |
| Exam Registration: | CIMA Exam Booking Portal |
| Sample Questions: | CIMA P1 Sample Questions |
| Exam Way: | Computer-based exam (Objective Test) delivered at authorized test centers or online proctored sessions where available. |
| Pre Condition: | No formal prerequisites, but completion of CIMA Certificate Level (BA1–BA4) or equivalent knowledge is recommended before Operational Level. |
| Official Syllabus URL: | https://www.aicpa-cima.com |
The CIMA P1 exam covers a wide range of topics including cost accounting, performance measurement, budgeting, decision-making, and financial analysis. It is a comprehensive exam that evaluates the candidate's ability to apply these concepts in real-world scenarios. P1 exam is challenging, but passing it demonstrates a high level of expertise and knowledge in the field of management accounting.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
To be eligible to sit for the CIMA CIMAPRO19-P01-1 exam, individuals must possess an appropriate academic qualification in accounting or related fields, such as a bachelor's degree in accounting, finance or business administration. Individuals who are not accounting and finance graduates may also be allowed to sit for the exam if they have experience in management accounting or related fields.
CIMA P1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting for Decision and Control | - Costing systems
|
| Topic 2: Risk and Uncertainty in Decision Making | - Risk evaluation methods
|
| Topic 3: Short-term Decision Making | - Decision techniques
|
| Topic 4: Budgeting and Management Control | - Budget preparation
|
By Maureen
