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What do you learn in P1?

• How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.
• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.

Understanding function and technical aspects of Prepare information to manage working capital

The following are a part of CIMA P1 practice exams:

• Identify the impact of changing working capital policies
• Explain how to manage and control working capital
• Identify appropriate sources of short-term finance and methods of short-term investments
• Explain working capital ratios in comparison to prior periods or to other organisations

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CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:

Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/

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