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CIMA CIMAPRO19-P01-1 Exam Syllabus


P1 Management Accounting

Total Questions: 260

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CIMA CIMAPRO19-P01-1 Exam Overview :

Exam Name P1 Management Accounting
Exam Code CIMAPRO19-P01-1
Official Information https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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CIMA CIMAPRO19-P01-1 Exam Topics :

Section Weight Objectives
Chapter 1 Cost accounting Systems 1.1 Introduction
1.2 The difference between marginal costing and absorption costing
1.3 Preparing profit statements using each method
1.4 Reconciling the profit figures
1.5 Marginal or absorption costing
1.6 Specific order costing
1.7 Job costing
1.8 Batch costing
1.9 Process costing
1.10  Joint products and by products
Chapter 2 The theory and practice of standard costing 2.1  Introduction
2.2  The theory and practice of standard costing
2.3  What is a standard cost
2.4  Performance levels
2.5  Setting standard cost
2.6  Updating standards
2.7  Standard cost in modern environment
2.8  What is variance analysis
2.9  Variable cost variances
2.10 Fixed cost variances
2.11 Selling variances
2.12 Reconciling the actual and budget profit
2.13 Standard marginal costing
2.14 Idle time variances
2.15 Calculating actual data from standard cost details
Chapter 3 Standard costing and performance evaluation 3.1 Introduction
3.2 Material mix and yield variances
3.3 Labour mix and yield variances
3.4 Sales variances
3.5 Planning and operational variances
3.6 Capacity variances
3.7 Investigation and interpretation of variances
3.8 Behavioural considerations
3.9 Standard costing in the modern business environment
3.10 Benchmarking
Chapter 4 Basic aspects of management accounting 4.1 Introduction
4.2 Cost behaviour
4.3 Costs and ABT’s
4.4 Breakeven and CVP
4.5 Margin of safety
4.6 CS ratio
4.7 Breakeven charts
4.9 PV chart
4.10 Limitations of CVP analysis
4.11 The economists breakeven chart
4.12 Using costs for decision making
4.13 Evaluating proposals
4.14 Relevant costs
4.15 Opportunity costs
4.16 Avoidable, differential and incremental
4.17 Limiting factor decision making
Chapter 5 The theory and practice of budgeting 5.1 Introduction
5.2 Purpose of budgeting
5.3 The preparation of budgets
5.4 The preparation of operational budgets
5.5 The cash budget
5.6 Rolling budgets
5.7 Forecasting and planning
5.8 Time series
5.9 Sensitivity analysis
5.10 Zero based budgeting
5.11 Programme planning budgeting systems
5.12 Activity based budgeting
Chapter 6 Budgetary control 6.1 Introduction
6.2 The theory of systems
6.3 System design
6.4 feedback control loops
6.5 Budgetary control information
6.6 Fixed and flexible budgets
6.7 Behavioural aspects of budgetary control
6.8 Modern developments in control systems
Chapter 7 Budgeting performance and evaluation 7.1 Introduction
7.2 Performance evaluation
7.4 Understanding the business
7.5 Reporting a performance evaluation
7.6 Non Financial performance measures
7.7 Benchmarking
7.8 The balanced scorecard
7.9 Non profit making sector
Chapter 8 Developments in management accounting 8.1 Introduction
8.2 The modern economic environment
8.3 The new manufacturing
8.4 The value chain
8.5 Production operations systems and management strategies
8.6 Total quality management
8.7 Synchronous manufacturing
8.8 the emphasis on continuous improvement
8.9 Activity based costing
8.10 Transaction analysis and cost drivers
8.11 Favourable conditions for ABC
8.12 Establishing an activity based product cost
8.13 Throughput accounting
8.14 Back flush accounting
Chapter 9 Responsibility centres and transfer pricing 9.1 introduction
9.2 Cost, revenue, profit and investment centres
9.3 transfer pricing
9.4 taxation and the other financial aspects of transfer pricing
9.5 Using subsidies to spread risk
9.6 Investment centres and performance measures

Updates in the CIMAPRO19-P01-1 Exam Syllabus:

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