P1 Management Accounting (CIMA Certification)
CIMA P1: Management Accounting – Costing, Budgeting & Decision-Making for Performance
P1 Management Accounting (CIMA Certification) free download
CIMA P1: Management Accounting – Costing, Budgeting & Decision-Making for Performance
CIMA P1: Management Accounting is designed to give students a deep and practical understanding of the key concepts, tools, and frameworks used by management accountants to support planning, control, and decision-making in today’s fast-paced business environment. The course blends theory with real-world application and prepares you not just to pass the P1 exam, but to apply what you've learned confidently in professional scenarios.
The syllabus begins with costing fundamentals and introduces a range of costing techniques that you’ll need to understand and evaluate in various contexts. These include:
Absorption costing and marginal costing
Activity-based costing (ABC)
Throughput accounting
You’ll then explore the role of budgeting in organizational planning and control, along with the behavioral implications of budget setting and performance targets. The course walks you through:
Incremental, zero-based, and rolling budgets
Flexible budgeting
Budgetary control systems and feedback mechanisms
As the course progresses, we dive into performance analysis and short-term decision-making, including critical tools and models that help organizations optimize resources and manage uncertainty. Key topics covered here include:
Cost-volume-profit (CVP) analysis and breakeven analysis
Relevant costing and limiting factors
Decision-making under risk and uncertainty, including expected values and probability-based approaches
The course is delivered using clear explanations, practical examples, visual breakdowns of models, and regular exam-style questions. Each topic is designed to build your confidence step-by-step, ensuring you can recognize, apply, and evaluate core management accounting techniques effectively in both exam and workplace settings.
