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CIMA P1 Actual Tests : Management Accounting

About Best CIMA P1 Exam Practice Material

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CIMA P1 Exam Overview:

Certification Vendor:Chartered Institute of Management Accountants (CIMA)
Exam Name:Management Accounting
Exam Number:CIMAPRO19-P01-1
Available Languages:English
Exam Price:USD 120
Related Certifications:Operational Case Study (OCS)
CIMA Diploma in Management Accounting
CIMA Professional Qualification Operational Level
Passing Score:100/150
Real Exam Qty:60
Exam Duration:90 minutes
Exam Format:Computer-Based Objective Test, Multiple Response Questions, Number Entry Questions, Drag and Drop Questions, Multiple Choice Questions
Sample Questions:CIMA P1 Sample Questions
Exam Way:Computer-based exam delivered through Pearson VUE test centers and CIMA online examination platforms where available.
Pre Condition:No mandatory prerequisite examination. Candidates typically complete or receive exemptions for Certificate in Business Accounting subjects before entering the Professional Qualification.
Official Syllabus URL:https://www.aicpa-cima.com/resources/landing/cima-professional-qualification

CIMA P1 Exam Syllabus Topics:

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

Common Questions Candidates Ask About P1

The P1 exam (Management Accounting) is the official CIMA exam that leads to the CIMA Operational certification, a credential at the Operational Level level. Related certifications include CIMA Professional Qualification Operational Level, CIMA Diploma in Management Accounting, Operational Case Study (OCS). Actual4test provides 258 practice questions to help you prepare for it with confidence.

The P1 exam contains 60 questions and gives you 90 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.

You need 100/150 to pass, and the official registration fee is USD 120. Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.

No mandatory prerequisite examination. Candidates typically complete or receive exemptions for Certificate in Business Accounting subjects before entering the Professional Qualification. Requirements can change over time, so always double-check the latest eligibility rules before you register on the official CIMA exam page.

Yes. Actual4test offers a free P1 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.

Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding P1 exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.

The P1 syllabus is organized into 4 exam domains. Among the first three are Cost Accounting for Decision and Control (30%), Budgeting and Budgetary Control (25%), Risk and Uncertainty (15%). For the complete breakdown of topics and subtopics, see the Exam Topics section above.

CIMA Management Accounting Sample Questions:

Question #1

The inventory level of Product Y has reduced by 40 units over a single period. The cost card for Product Y is as follows:

The profit for Product Y using marginal costing is $26,000.
If the company used absorption costing, what would the profit for Product Y be?
Give your answer to the nearest whole $.

Answer:

$24600

Question #2

Which of the following managers is most likely to be responsible for an favourable labour efficiency variance?

  • A. Purchasing Manager
  • B. Marketing Manager
  • C. Human Resources Manager
  • D. Production Manager
Answer: D
Question #3

A university is trying to decide whether or not to advertise a new post-graduate degree programme. The number of students starting the programme is dependent on economic conditions. If conditions are poor, it is expected that the programme will attract 40 students without advertising. There is a 60% chance that economic conditions will be poor. If economic conditions are good it is expected that the programme will attract only 20 students without advertising. There is a 40% chance that economic conditions will be good.
If the programme is advertised and economic conditions are poor, there is a 65% chance that the advertising will stimulate further demand and student numbers will increase to 50. If economic conditions are good, there is a 25% chance the advertising will stimulate further demand and numbers will increase to 25 students.
The profit expected, before deducting the cost of advertising, at different levels of student numbers are as follows:

The cost of advertising the programme will be $15,000.
Required:
Demonstrate, using a decision tree, whether the programme should be advertised.

  • A. Yes, the programme should be advertised as the profit will be $92 000
  • B. Yes, the programme should be advertised as the profit will be $82 000
  • C. No, the programme should not be advertised as there will be a loss $92 000
  • D. No, the programme should not be advertised as there will be a loss $82 000
Answer: B
Question #4

A company produces trays of pre-prepared meals that are sold to restaurants and food retailers. Three varieties of meals are sold: economy, premium and deluxe.


Calculate, for the original budget, the budgeted fixed overhead costs, the budgeted variable overhead cost per tray and the budgeted total overheads costs.

  • A. The variable cost per tray = $0.45; The fixed cost = $ 320 000
  • B. The variable cost per tray = $0.65; The fixed cost = $ 550 000
  • C. The variable cost per tray = $0.85; The fixed cost = $ 530 000
  • D. The variable cost per tray = $0.75; The fixed cost = $ 490 000
Answer: B
Question #5

The budgetary control report of XYZ for the latest period is shown below. Variances in brackets are adverse.

What is the sales volume profit variance?

  • A. $37,200 adverse
  • B. $38,200 adverse
  • C. $18,700 favorable
  • D. $78,900 adverse
Answer: C

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