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| 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: | ![]() |
| 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 |
| Section | Objectives |
|---|---|
| Topic 1: Short-term Decision Making | - Decision techniques
|
| Topic 2: Budgeting and Management Control | - Budgetary control systems
|
| Topic 3: Cost Accounting for Decision and Control | - Cost classification and behavior
|
| Topic 4: Risk and Uncertainty in Decision Making | - Risk evaluation methods
|
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.
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The CIMA Management Accounting blueprint centers on these principal domains:
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.
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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.
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:
Correct Answer:
20 Sandwiches
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.
Correct Answer:
$3000 F
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.
Correct Answer:
$1840
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?
Correct Answer: C 🗳️
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?
Correct Answer: D 🗳️
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