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CIMA Operational CIMA P1 Accounting costs GBP 425.
Understanding function and technical aspects of Apply relevant financial reporting standards and corporate governance, ethical and tax principles
The following will be discussed in CIMA P1 exam dumps:
- Identify the impact of tax regulation on transactions, decisions and profits
- Apply relevant IFRS in a given context, to facilitate the preparation of financial statements
- Apply the principles of corporate governance and ethics
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Below is the CIMA Operational CIMA P1 Accounting
- Number of questions: 60
- Language: English
- Length of Examination: 90 minutes
- Format: Multiple choices, multiple answers
- Passing score: 70%
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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Understanding function and technical aspects of Distinguish Between The Different Rationales For Costing
The following will be discussed in CIMA P1 exam dumps:
- Make decisions regarding activities (e.g.) purchase materials required for production
- Evaluate the activities (e.g.) evaluate whether more/less materials were used per unit in comparison to the original plan
- Compare different costing methods and systems to determine the most suitable for use by the organisation for different purposes
- Plan the activities (e.g.) plan number of units to produce this year
- Control the activities (e.g.) control amount of materials being used for production
- Explain costing information to operational and senior management using appropriate formats and media
- Use appropriate technologies to gather data for costing purposes, from digital and other sources.
- Apply different costing methods to produce costing information suitable for managers' needs
- Identify the cost information required for digital cost objects
CIMA P1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Budgeting and Budgetary Control | 25% | - Types of budgets (flexible, rolling, cash, etc.) - Budget preparation and control - Budgetary control techniques |
| Topic 2: Cost Accounting for Decision and Control | 30% | - 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 Term | 15% | - Decision trees and sensitivity analysis - Expected value and risk analysis |
| Topic 4: Short-Term Commercial Decision Making | 30% | - Relevant costing and decision criteria - Limiting factor and contribution analysis - Pricing and make-or-buy decisions |
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