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Last Updated: Jul 25, 2026
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The CIMA P1 exam covers a broad range of topics such as costing systems, budgeting, performance measurement, and strategic management accounting. Candidates will be expected to demonstrate their ability to apply these concepts in real-world scenarios and make informed decisions based on the data provided. P1 exam is designed to test the candidate's analytical and critical thinking skills, as well as their ability to communicate effectively with stakeholders.
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The CIMA P1 exam is divided into three sections, each of which covers a different aspect of management accounting. The first section covers cost accounting and focuses on the principles of cost accounting, including the different types of costs, cost behavior, and cost-volume-profit analysis. The second section covers budgeting and performance management and examines how to prepare budgets, measure performance, and manage costs. The final section covers financial analysis and explores financial reporting, ratio analysis, and capital investment appraisal.
CIMAPRO19-P01-1 exam is a computer-based test that consists of 60 multiple-choice questions. Candidates have two hours to complete the exam, and the passing score is 70%. P1 exam is available in English and is administered at Pearson VUE testing centers worldwide.
CIMA CIMAPRO19-P01-1 exam is a professional certification exam designed for individuals seeking to become management accountants. P1 exam is offered by the Chartered Institute of Management Accountants (CIMA) and is part of their Professional Qualification program. P1 exam is designed to test a candidate’s knowledge and skills in management accounting, which includes areas such as budgeting, costing, financial analysis, and performance management.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting for Decision and Control | - Cost classification and behavior
|
| Topic 2: Budgeting and Management Control | - Budgetary control systems
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| Topic 3: Risk and Uncertainty in Decision Making | - Risk evaluation methods
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| Topic 4: Short-term Decision Making | - Decision techniques
|
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