CIMA P1 exam dumps : Management Accounting

  • Exam Code: P1
  • Exam Name: Management Accounting
  • Updated: Oct 22, 2026     Q & A: 258 Questions and Answers

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About CIMA P1 Exam

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CIMA P1 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Management Accounting (P1) - Objective Test Exam
Exam Number:CIMAPRO19-P01-1
Exam Price:Approximately £100–£120 per attempt (varies by region)
Exam Format:Objective Test (OT), Multiple Choice Questions, Case-based Objective Questions
Exam Duration:90 minutes
Passing Score:100/150 (scaled score, equivalent to 50%)
Certificate Validity Period:Does not expire individually; qualification progression requires completion within CIMA progression rules
Available Languages:English
Real Exam Qty:60 (Objective Test MCQs and other objective formats)
Related Certifications:CIMA F1 Financial Reporting
CIMA P1 Management Accounting
CIMA Certificate in Business Accounting
CIMA Operational Level
CIMA E1 Managing Finance in a Digital World
Recommended Training:CGMA Study Hub
CIMA Official Study Resources
Exam Registration:CIMA Exam Booking Portal
Sample Questions:Free Download P1 exam dumps pdf
Exam Way:Computer-based exam (Objective Test) delivered at authorized test centers or online proctored sessions where available.
Pre Condition:No formal prerequisites, but completion of CIMA Certificate Level (BA1–BA4) or equivalent knowledge is recommended before Operational Level.
Official Syllabus URL:https://www.aicpa-cima.com

CIMA P1 Exam Syllabus Topics:

SectionObjectives
Topic 1: Short-term Decision Making- Decision techniques
  • 1. Limiting factor analysis
    • 2. Make or buy decisions
      - Relevant costing principles
      • 1. Relevant vs irrelevant costs
        • 2. Opportunity cost analysis
          Topic 2: Budgeting and Management Control- Budgetary control systems
          • 1. Variance analysis basics
            • 2. Flexible budgeting
              - Budget preparation
              • 1. Cash budgets
                • 2. Functional budgets
                  Topic 3: Cost Accounting for Decision and Control- Cost classification and behavior
                  • 1. Cost estimation techniques
                    • 2. Fixed, variable, and semi-variable costs
                      - Costing systems
                      • 1. Activity-based costing (ABC)
                        • 2. Absorption vs marginal costing
                          Topic 4: Risk and Uncertainty in Decision Making- Risk evaluation methods
                          • 1. Sensitivity analysis
                            • 2. Expected values

                              P1 Exam Details and Candidate Protections

                              CIMA specifies the following prerequisites for the CIMA Management Accounting: No formal prerequisites, but completion of CIMA Certificate Level (BA1–BA4) or equivalent knowledge is recommended before Operational Level..

                              Confirm the authoritative details on the official certification page before you register.

                              As of the latest information, the passing score for the P1 exam is 100/150 (scaled score, equivalent to 50%) and the fee is Approximately £100–£120 per attempt (varies by region). CIMA sets both, so verify the current figures on the official site before scheduling.

                              Written and dependable. If you fail the corresponding exam within 60 days of purchase, send us a scanned copy of your enrollment slip and your official Score Report PDF within two days of the exam date; verified claims are refunded in full within seven days. Exclusions: exams taken within three days of purchase, candidate names that differ from the payer, and free or expired products. Prefer to keep preparing? Exchange your product for two others of equal value at no charge.

                              The CIMA Management Accounting blueprint centers on these principal domains:

                              • Short-term Decision Making
                              • Budgeting and Management Control
                              • Risk and Uncertainty in Decision Making

                              Further domains complete the official outline, and our question bank spans every one.

                              By understanding the constraint first: most of our candidates are office workers, so the P1 bank is elaborately designed for efficiency — focused content with expert-verified answers across the CIMA Management Accounting objectives, no filler. Safety is engineered in too: payment runs through Credit Card, the world's reliable payment platform, safeguarding the transaction and protecting your interests, so you can buy without misgivings. And because an electronic product cannot be touched before purchase, a free trial download of real bank content lets you see it first — with 24/7 customer service agents ready for any contingency afterward.

                              CIMA recommends these official training options:

                              Choose the course that matches your experience, then reinforce it with focused question practice.

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                              According to the latest exam information, the P1 exam includes 60 (Objective Test MCQs and other objective formats) questions and lasts 90 minutes minutes. Practicing under the same limit builds the pacing confidence you will want on the day.

                              Registration goes through the official channels below:

                              Book your test center or online session early, and let a fixed date organize your preparation.

                              CIMA Management Accounting Sample Questions:

                              Question #1

                              The manager of a recently opened cafe is deciding how many sandwiches to make each day.
                              The sandwiches are made in the morning before the cafe opens.
                              If demand exceeds the number of sandwiches made in the morning no extra sandwiches can be made during the day. Any unsold sandwiches are thrown away at the end of each day.
                              Daily demand is uncertain but is predicted to be 10, 20, 30 or 40 sandwiches.
                              The following regret matrix has been prepared:

                              If the minimax regret criterion is used to make the decision, the manager will choose to make:

                              Reveal Solution  Discussion  0

                              Correct Answer:

                              20 Sandwiches

                              Question #2

                              The standard production cost of making a product is as follows:

                              What is the fixed production overhead efficiency variance?
                              Give your answer as a whole number.

                              Reveal Solution  Discussion  0

                              Correct Answer:

                              $3000 F

                              Question #3

                              A tennis club is considering running an open day to encourage new members and thus increase membership fees. The cost of the open day will be $1,000. Attendance is dependent on the weather.
                              There is a 60% chance of good weather and a 40% chance of poor weather on the open day.
                              The expected new membership fees are:

                              What is the expected value of running the open day?
                              Give your answer as a whole number.

                              Reveal Solution  Discussion  0

                              Correct Answer:

                              $1840

                              Question #4

                              A company operates a standard costing system.
                              The company combines two raw materials in a process in order to produce a finished product. During month 6 the direct material mix variance was favourable and the direct material yield variance was adverse.
                              Which of the following statements would explain both of the variances?

                              • A. The actual wastage from the process was equal to standard and a greater proportion of the cheaper of the two materials was input than standard.
                              • B. Both of the materials were purchased at a lower price than standard and the lower quality increased wastage.
                              • C. There was more wastage in the process than standard and a greater proportion of the cheaper of the two materials was input than standard.
                              • D. Higher skilled labour resulted in less wastage from the process than standard and a lower proportion of the more expensive of the two materials was input than standard.
                              Reveal Solution  Discussion  0

                              Correct Answer: C  🗳️

                              Question #5

                              Company X is deciding which of Projects A, B or C to undertake. The profit earned from each of the projects is dependent on economic conditions.
                              The table below details the profit for each of the possible outcomes and the expected value of each of the projects.

                              What is the maximum amount that should be paid for perfect information about the economic conditions?

                              • A. $442.50
                              • B. $57.50
                              • C. $497
                              • D. $54.50
                              Reveal Solution  Discussion  0

                              Correct Answer: D  🗳️

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