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  • Total Questions: 258
  • Updated on: Oct 08, 2026
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What do you learn in P1?

  • How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.
  • Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.

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What 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/

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CIMA P1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Short-Term Commercial Decision Making30%- Make-or-buy and outsourcing decisions
- Relevant costing principles
- Limiting factor analysis
- Pricing strategies and decisions
- Product mix decisions
Topic 2: Budgeting and Budgetary Control25%- Beyond budgeting and modern approaches
- Preparation of functional and master budgets
- Budgetary control and performance reporting
- Flexible budgeting
- Purposes and types of budgets
Topic 3: Cost Accounting for Decision and Control30%- Absorption and marginal costing
- Cost-volume-profit (CVP) analysis
- Cost classification and behaviour
- Activity-based costing
- Concepts and purposes of costing
- Standard costing and variance analysis
Topic 4: Dealing with Uncertainty in the Short Term15%- Sensitivity analysis
- Decision trees
- Probability and expected values
- Risk attitudes: maximin, maximax, minimax regret
- Uncertainty in budgeting and decisions

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