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CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

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

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The CIMA Professional Qualification is divided into three levels - Operational, Management and Strategic. Each of these levels consists of three pillars of domain knowledge - Enterprise, Performance and Financial. Passing each level of the qualification confirms a candidate's capabilities to perform the tasks at that level in the workplace to the highest standards. When combined with the required practical experience, the CIMA Professional Qualification ensures that members are ready to support and lead their organisations, through the challenging environment of continuous change. The syllabus, assessments and practical experience requirements ensure members are not only competent in the essential accounting, finance and business-related skills, but also in the skills required to lead the finance function in a digital age. The Operational level focuses on the short term and the implementation of decisions. Learners of CIMA P1 practice exams and CIMA P1 practice test will be able to work with others in the organisation and use appropriate data and technology to translate mediumterm decisions into short-term actionable plans.

What do you learn in P1?

• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.
• How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.

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Topics of CIMA Operational CIMA P1 Accounting

The following topics are a part of CIMA P1 Accounting module.

• Distinguish Between The Different Rationales For Costing
• Budgeting and budgetary control
• Prepare budget information and assess its use for planning and control purposes
• Short term commercial decision making
• Cost Accounting for decision and control
• Prepare information to manage working capital
• Prepare information to support short-term decision-making
• Risk and uncertainty in the short term
• Apply relevant financial reporting standards and corporate governance, ethical and tax principles
• Analyse performance using financial and nonfinancial information