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Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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CIMA Operational is the first level of the CIMA Professional qualification. After completing this level you can progress onto the Management level, then complete the Strategic level to become a chartered management accountant. You will need to have completed CIMA Certificate, AAT Professional (Level 4), or have an accountancy or finance degree.
The purpose of the CIMA P1 exam dumps is to spotlight areas of student difficulty, so that remedial measures can be taken before the chances for success are impaired. The CIMA Operational CIMA P1 Accounting is generally given by students who are interested in accounting and finance.
| Section | Objectives |
|---|---|
| Short-term Decision Making | - Relevant costing principles - Make or buy and limiting factors |
| Costing Techniques | - Overhead allocation and absorption - Absorption and marginal costing |
| Introduction to Management Accounting | - Role and purpose of management accounting - Cost classification and cost behavior |
| Standard Costing and Variance Analysis | - Interpretation of variances - Material, labor, and overhead variances |
| Cost-Volume-Profit Analysis | - Break-even analysis - Contribution and margin of safety |
| Budgeting | - Budget preparation and purpose - Cash and functional budgets |
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