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P1 Objective Test

P1 - Operational Level Level

Preparing for Objective Test exams

0 modules • This section builds your foundation for success in the CIMA Objective Test. You’ll learn how the exam works, the question styles, timing strategies, and how to optimise your study time. Whether you're new or retaking, this phase equips you with the mindset, tools, and approach needed to pass efficiently.

P1 Subject overview

0 modules • Get a clear roadmap of your subject. This section introduces each syllabus area, showing how topics interconnect and why they matter. It also explains how the subject contributes to your role as a management accountant—ideal before diving into detailed theory.

A. Cost accounting for decision and control

0 modules • Understand how to classify and allocate costs for internal decision-making. Topics include absorption and marginal costing, inventory valuation, and cost behaviour analysis.

B. Budgeting and budgetary control

0 modules • Explore types of budgets, forecasting, and variance analysis. Learn how budgeting drives planning, coordination, motivation, and control across business units.

C. Short-term commercial decision making

0 modules • Study how to apply marginal costing and relevant cost analysis to real-world choices—such as pricing, make-or-buy decisions, and resource constraints.

D. Risk and uncertainty in the short term

0 modules • Learn how to identify, quantify, and manage risk using probability, expected values, and scenario planning. You’ll also cover sensitivity and simulation techniques.