Management Accounting P1 exam torrent materials

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CIMA P1 Exam Syllabus Topics:

Topic	Details
Topic 1	Calculate the breakeven point and output level required to meet income targets Understand costing and the different reasons for calculating costs
Topic 2	Determine the activity that causes the change in cost Understand the difference between variable costs and fixed costs
Topic 3	Calculate revenue and cost estimates using quantitative analyses Calculate and interpret overall flexed budget variances
Topic 4	Understand the impact of individuals’ risk attitudes on decision-making in the short term Understand the difference between direct costs and indirect costs
Topic 5	Establish manufacturing standards for material, labour, variable overhead and fixed overhead Understand the difference between financial accounting and cost accounting
Topic 6	Understand relevant cash flows and their use in pricing decisions Calculate the costs for products or services using activity-based costing
Topic 7	Determine causality in cost function estimates and impact on budgets Identify inventory costs and period costs

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

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

For more information visit:

CIMA Official Website

Understanding function and technical aspects of Prepare information to support short-term decision-making

The following will be discussed in CIMA P1 exam dumps:

Prepare information to support operational decisions
Identify relevant costs and benefits
Apply appropriate techniques that support short-term decision-making
Explain factors that could influence short-term decisions
Apply appropriate techniques to deal with situations where there is risk and uncertainty

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