CIMA P1 : Management Accounting

  • Exam Code: P1
  • Exam Name: Management Accounting
  • Updated: Jul 20, 2026     Q & A: 258 Questions and Answers

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Understanding function and technical aspects of Prepare information to manage working capital

The following are a part of CIMA P1 practice exams:

  • Explain how to manage and control working capital
  • Identify appropriate sources of short-term finance and methods of short-term investments
  • Identify the impact of changing working capital policies
  • Explain working capital ratios in comparison to prior periods or to other organisations

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

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Difficulty in taking the CIMA Operational CIMA P1 Accounting

The CIMA CIMA P1 Management Accounting is a tricky little paper pass but it's one of the more interesting papers as it builds your knowledge of Management Accounting and the various concepts involved - and, after all, this is why we are studying for the CIMA qualification!

Over half (60%) of the CIMA P1 Management Accounting is concerned with;

  • Short-Term Decision making
  • Cost accounting systems

CIMA P1 practice exams can be a great way to prepare for this exam. With our experts, we produced the draft blueprints that provides a clearer direction on the approach to be taken in examinations.

CIMA P1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Budgeting and Budgetary Control25%- Budgetary control techniques
- Budget preparation and control
- Types of budgets (flexible, rolling, cash, etc.)
Topic 2: Cost Accounting for Decision and Control30%- Cost behaviour and cost classification
- Cost information for planning and control
- Costing methods (absorption, marginal, ABC, etc.)
Topic 3: Dealing with Uncertainty in the Short Term15%- Decision trees and sensitivity analysis
- Expected value and risk analysis
Topic 4: Short-Term Commercial Decision Making30%- Relevant costing and decision criteria
- Limiting factor and contribution analysis
- Pricing and make-or-buy decisions

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