What do you learn in P1?
- Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.
- 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.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
Below is the CIMA Operational CIMA P1 Accounting
- Number of questions: 60
- Passing score: 70%
- Language: English
- Length of Examination: 90 minutes
- Format: Multiple choices, multiple answers
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Understanding function and technical aspects of Prepare information to manage working capital
The following are a part of CIMA P1 practice exams:
- Identify the impact of changing working capital policies
- Explain working capital ratios in comparison to prior periods or to other organisations
- Explain how to manage and control working capital
- Identify appropriate sources of short-term finance and methods of short-term investments


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