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CIMA P1 Exam Overview:
| Certification Vendor: | CIMA |
|---|---|
| Exam Name: | Fundamentals of Management Accounting (P1 / BA2 legacy reference) |
| Exam Number: | BA2 |
| Passing Score: | 50% |
| Related Certifications: | CIMA Certificate in Business Accounting (BA1-BA4) CIMA Professional Qualification (Operational level) |
| Available Languages: | English |
| Exam Format: | Objective Test, Multiple Choice Questions |
| Certificate Validity Period: | No expiry (Certificate qualification does not expire once awarded) |
| Real Exam Qty: | 60 |
| Exam Duration: | 120 minutes |
| Recommended Training: | CIMA Official Certificate in Business Accounting |
| Exam Registration: | CIMA Exam Registration |
| Sample Questions: | CIMA P1 Sample Questions |
| Exam Way: | Computer-based exam delivered at test centers or online proctored (where available). |
| Pre Condition: | No formal prerequisites required for Certificate level entry. |
| Official Syllabus URL: | https://www.aicpa-cima.com/cimaexams/certificate-in-business-accounting |
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.
Understanding function and technical aspects of Prepare information to manage working capital
The following are a part of CIMA P1 practice exams:
- Explain working capital ratios in comparison to prior periods or to other organisations
- Identify the impact of changing working capital policies
- Explain how to manage and control working capital
- Identify appropriate sources of short-term finance and methods of short-term investments
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
CIMA P1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Introduction to Management Accounting | - Cost classification and cost behavior - Role and purpose of management accounting |
| Cost-Volume-Profit Analysis | - Contribution and margin of safety - Break-even analysis |
| Costing Techniques | - Overhead allocation and absorption - Absorption and marginal costing |
| Short-term Decision Making | - Make or buy and limiting factors - Relevant costing principles |
| Budgeting | - Cash and functional budgets - Budget preparation and purpose |
| Standard Costing and Variance Analysis | - Material, labor, and overhead variances - Interpretation of variances |
By Tess
