PDF Version DemoWhat is the cost of CIMA Operational CIMA P1 Accounting?
CIMA Operational CIMA P1 Accounting costs GBP 425.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
Benefits of Getting the CIMA Operational CIMA P1 Accounting
The CIMA Professional Qualification is divided into three levels - Operational, Management and Strategic. Each of these levels consists of three pillars of domain knowledge - Enterprise, Performance and Financial. Passing each level of the qualification confirms a candidate's capabilities to perform the tasks at that level in the workplace to the highest standards. When combined with the required practical experience, the CIMA Professional Qualification ensures that members are ready to support and lead their organisations, through the challenging environment of continuous change. The syllabus, assessments and practical experience requirements ensure members are not only competent in the essential accounting, finance and business-related skills, but also in the skills required to lead the finance function in a digital age. The Operational level focuses on the short term and the implementation of decisions. Learners of CIMA P1 practice exams and CIMA P1 practice test will be able to work with others in the organisation and use appropriate data and technology to translate mediumterm decisions into short-term actionable plans.
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Topics of CIMA Operational CIMA P1 Accounting
The following topics are a part of CIMA P1 Accounting module.
- Cost Accounting for decision and control
- Apply relevant financial reporting standards and corporate governance, ethical and tax principles
- Analyse performance using financial and nonfinancial information
- Budgeting and budgetary control
- Risk and uncertainty in the short term
- Prepare budget information and assess its use for planning and control purposes
- Prepare information to support short-term decision-making
- Distinguish Between The Different Rationales For Costing
- Short term commercial decision making
- Prepare information to manage working capital
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CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Budgeting | - Budget preparation and purpose - Cash and functional budgets |
| Topic 2: Short-term Decision Making | - Relevant costing principles - Make or buy and limiting factors |
| Topic 3: Standard Costing and Variance Analysis | - Interpretation of variances - Material, labor, and overhead variances |
| Topic 4: Introduction to Management Accounting | - Role and purpose of management accounting - Cost classification and cost behavior |
| Topic 5: Costing Techniques | - Overhead allocation and absorption - Absorption and marginal costing |
| Topic 6: Cost-Volume-Profit Analysis | - Contribution and margin of safety - Break-even analysis |
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