Handsome Savings - Limited Time Offer 30% OFF - Ends In 0d 0h 0m 0s Coupon code: 50OFF
Trusted Worldwide Questions & Answers
Pass your CIMAPRO19-P01-1 Exam with accurate Questions & Answers
P1 Management Accounting
Last Updated: Oct 2, 2024
260
260 Questions and Answers for the CIMA CIMAPRO19-P01-1 exam
467
Students Passed the "CIMA CIMAPRO19-P01-1" exam
95.6%
Average score during Real Exams at the Testing Centre
CIMA P1 Management Accounting Syllabus
- Determine causality in cost function estimates and impact on budgets/ Identify inventory costs and period costs
- Determine the activity that causes the change in cost/ Understand the difference between variable costs and fixed costs
- Understand relevant cash flows and their use in pricing decisions/ Calculate the costs for products or services using activity-based costing
- Calculate the breakeven point and output level required to meet income targets/ Understand costing and the different reasons for calculating costs
- Understand the impact of individuals’ risk attitudes on decision-making in the short term/ Understand the difference between direct costs and indirect costs
- Calculate revenue and cost estimates using quantitative analyses/ Calculate and interpret overall flexed budget variances
- Understand relevant cash flows and non-financial factors and how it affects make or buy decisions/ Understand the strategic implications of short-term decision-making
- Understand how budgets can help energize and motive individuals and teams/ Recognise how management accountants help make tactical business decisions
- Calculate subdivision of total usage/efficiency variances into mix and yield variances/ Use material, labour, variable overhead, fixed overhead and sales variances
- Establish manufacturing standards for material, labour, variable overhead and fixed overhead/ Understand the difference between financial accounting and cost accounting