Passing exam with P1 latest training materials

Prepare and pass exam with our CIMA P1 training material, here you will achieve your dream easily With TrainingQuiz!

Last Updated: Sep 21, 2026

No. of Questions: 258 Questions & Answers with Testing Engine

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CIMA P1 Practice Q&A's

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An internationally recognized CIMA certification is a capacity standard employers understand in any country. TrainingQuiz lays the groundwork for passing CIMA Management Accounting with 258 verified P1 practice questions.

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 Format:Case-based Objective Questions, Objective Test (OT), Multiple Choice Questions
Certificate Validity Period:Does not expire individually; qualification progression requires completion within CIMA progression rules
Exam Price:Approximately £100–£120 per attempt (varies by region)
Exam Duration:90 minutes
Real Exam Qty:60 (Objective Test MCQs and other objective formats)
Related Certifications:CIMA P1 Management Accounting
CIMA F1 Financial Reporting
CIMA Certificate in Business Accounting
CIMA Operational Level
CIMA E1 Managing Finance in a Digital World
Passing Score:100/150 (scaled score, equivalent to 50%)
Available Languages:English
Recommended Training:CIMA Official Study Resources
CGMA Study Hub
Exam Registration:CIMA Exam Booking Portal
Sample Questions: DOWNLOAD DEMO
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
Short-term Decision Making- Relevant costing principles
  • 1. Relevant vs irrelevant costs
    • 2. Opportunity cost analysis
      - Decision techniques
      • 1. Make or buy decisions
        • 2. Limiting factor analysis
          Budgeting and Management Control- Budgetary control systems
          • 1. Variance analysis basics
            • 2. Flexible budgeting
              - Budget preparation
              • 1. Cash budgets
                • 2. Functional budgets
                  Risk and Uncertainty in Decision Making- Risk evaluation methods
                  • 1. Sensitivity analysis
                    • 2. Expected values
                      Cost Accounting for Decision and Control- Costing systems
                      • 1. Absorption vs marginal costing
                        • 2. Activity-based costing (ABC)
                          - Cost classification and behavior
                          • 1. Cost estimation techniques
                            • 2. Fixed, variable, and semi-variable costs

                              CIMA Management Accounting: The Questions Everyone Asks First

                              CIMA Management Accounting is an official CIMA (Chartered Institute of Management Accountants) exam, registered under exam code P1. Passing it earns the CGMA Professional Qualification (Operational Level) certification at the Professional level. It also links to CIMA Certificate in Business Accounting, CIMA Operational Level, CIMA E1 Managing Finance in a Digital World, CIMA F1 Financial Reporting, CIMA P1 Management Accounting. As an internationally recognized capacity standard, this credential speaks for your ability wherever your career takes you.

                              The CIMA Management Accounting syllabus comprises 4 official domains. The heaviest include Risk and Uncertainty in Decision Making, Cost Accounting for Decision and Control, and Short-term Decision Making. The complete outline is above on this page; a short, efficient study plan starts with knowing exactly where the marks live.

                              The CIMA Management Accounting exam packs 60 (Objective Test MCQs and other objective formats) questions into 90 minutes. Short-term preparation works best when every session is realistic, so run timed simulations in the TrainingQuiz engine, keep your flag-and-return rhythm tight, and let repeated full-length runs build the pace the clock demands.

                              CIMA Management Accounting requires 100/150 (scaled score, equivalent to 50%) to pass, with an official registration fee of Approximately £100–£120 per attempt (varies by region). Retakes bill the full Approximately £100–£120 per attempt (varies by region) again, so speed should never mean gambling. Compress your preparation with the TrainingQuiz practice tests, and book once your scores clear the requirement reliably.

                              No formal prerequisites, but completion of CIMA Certificate Level (BA1–BA4) or equivalent knowledge is recommended before Operational Level.

                              Policies change, so verify the current requirements before registering on the official exam page.

                              CIMA Management Accounting registration goes through the official channels below.

                              For your schedule planning: the exam is delivered Computer-based exam (Objective Test) delivered at authorized test centers or online proctored sessions where available..

                              CIMA (Chartered Institute of Management Accountants) recommends the following training for CIMA Management Accounting candidates.

                              On a short preparation timeline, combine any training with the 258 practice questions in the TrainingQuiz P1 package to convert learning into scoring ability fast.

                              Yes to both. TrainingQuiz provides a free demo of the CIMA Management Accounting questions so you can verify the quality first, and after purchase the newest practice material is free for one year from the date of your order. When that year ends, extending the update service costs 50% of the regular price.

                              Your purchase carries a 100% money-back guarantee with defined conditions. Take the CIMA Management Accounting exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, with the update service on your original purchase retained.

                              Delivery is instant: files unlock for download at payment and are emailed within one minute. If nothing arrives within 2 hours, check spam and contact customer service. Installation is unlimited across your computers.

                              CIMA Management Accounting Sample Questions:

                              Question #1

                              A company's markets are affected by fluctuating exchange rates. It is difficult to forecast more than two or three months ahead.
                              Which of the following budgeting systems would be most useful in this company's circumstances?

                              • A. Rolling budgets
                              • B. Activity-based budgets
                              • C. Flexed budgets
                              • D. Zero-based budgets
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Question #2

                              A project has an expected value of $165,250.
                              The estimates of cash inflows and their probabilities are:

                              What is the missing cash inflow?
                              Give your answer as a whole number.

                              Reveal Solution  Discussion  0

                              Correct Answer:

                              $192500

                              Question #3

                              Which THREE of the following are functional budgets?

                              • A. Sales budget
                              • B. Human resource budget
                              • C. Cash budget
                              • D. Master budget
                              • E. Research and development budget
                              Reveal Solution  Discussion  0

                              Correct Answer: A,B,E  🗳️

                              Question #4

                              TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:

                              The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and
                              $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.
                              What was the material price planning variance for ingredient B?

                              • A. The material price planning variance - Ingredient B was $54 000 F
                              • B. The material price planning variance - Ingredient B was $64 000 F
                              • C. The material price planning variance - Ingredient B was $59 000 F
                              • D. The material price planning variance - Ingredient B was $57 000 F
                              Reveal Solution  Discussion  0

                              Correct Answer: A  🗳️

                              Question #5

                              A company uses limiting factor analysis to identify its optimal production plan. All of the company's products are manufactured in house and cannot be bought in.
                              What objective is assumed with limited factor analysis?

                              • A. Revenue maximisation
                              • B. Profit maximisation
                              • C. Cost minimisation
                              • D. Ensuring customer demand is met
                              Reveal Solution  Discussion  0

                              Correct Answer: B  🗳️

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