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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:

  • Apply the principles of corporate governance and ethics
  • 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

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Understanding function and technical aspects of Prepare information to support short-term decision-making

The following will be discussed in CIMA P1 exam dumps:

  • Explain factors that could influence short-term decisions
  • Identify relevant costs and benefits
  • Apply appropriate techniques that support short-term decision-making
  • Prepare information to support operational decisions
  • Apply appropriate techniques to deal with situations where there is risk and uncertainty

Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/

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CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

SectionWeightObjectives
Short-Term Decision Making30%- Pricing Decisions
  • 1. Cost-Based Pricing
  • 2. Market-Based Pricing
- Relevant Cost Analysis
  • 1. Special Order Decisions
  • 2. Product Mix Decisions
  • 3. Make or Buy Decisions
Risk and Uncertainty15%- Decision Making Under Uncertainty
  • 1. Decision Trees
  • 2. Expected Value Analysis
  • 3. Sensitivity Analysis
Budgeting and Budgetary Control25%- Budget Preparation
  • 1. Functional Budgets
  • 2. Cash Budgets
  • 3. Master Budgets
- Budgetary Control
  • 1. Flexible Budgets
  • 2. Variance Analysis
  • 3. Performance Evaluation
Cost Accounting for Decision and Control30%- Cost Classification and Behaviour
  • 1. Cost Drivers
  • 2. Fixed and Variable Costs
  • 3. Cost Estimation Techniques
- Costing Systems
  • 1. Standard Costing
  • 2. Activity-Based Costing
  • 3. Absorption Costing
  • 4. Marginal Costing

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