CIMA Professional Qualification – Management Accounting module P1

Course code: EXP020
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The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in finance.

  • Study cost accounting for decision and control
  • Understand budgeting and budgetary control
  • Learn more about short-term commercial decision-making
  • Analyse risk and uncertainty in the short term
This course is only available to study online.
Course Overview

The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business. On completion of the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation. This showcases your professionalism, business and leadership skills, ethics and commitment.

This module is one of twelve you need to complete in order to achieve the CIMA Professional Qualification. Successful completion of your Management Accounting P1 exam will contribute towards achieving the CIMA Professional Qualification.

Course Duration

Varies depending on enrolment date.

Course Outcome

On completion of your exam, you will receive a pass in the Management Accounting P1 module.

Entry Requirements

In order to study this module, you must have completed one of the following: - CIMA Certificate in Business Accounting - Degree in Business or Accounting - AAT Technician/Diploma Level 4.

Assessment

A mixture of progress tests and mock exams, as well as completion of one exam.

Course Content
  • Different rationales for costing
  • Costing concepts and objects
  • Applying costing methods to determine the costs for different purposes
  • Different rationales for budgeting
  • Preparing budgets
  • The concept of budgeting control
  • Main types of short-term decisions made by organisations
  • Underlying concepts used for short-term decision making
  • Techniques to support short-term decisions
  • Applying basic risk management tools
Extra Info

Assessment

During this course you will complete a number of progress tests and mock exams in preparation for your exam.

You will need to sit an exam at the end of this module in order to achieve a pass in the Management Accounting P1 module. You will sit a computer based objective test comprising of a range of questions types.

Exams are not included in the cost of this course. You will need to book your exams directly with CIMA.

Study Method

This course is offered on a distance learning basis, with access to required study materials and unlimited support from your personal tutor via email. Study at your own pace, wherever and whenever you choose.

Course Outcomes

On successful completion of your exam, you will achieve a pass in the Management Accounting P1 module. This counts towards your overall CIMA membership.

Awarding body

The Chartered Institute of Management Accountants (CIMA) is the world’s largest leading professional body of management accountants, with the most useful accounting qualification for a career in business.

Q&As

In order to study this module, you must have completed one of the following: 

  • CIMA Certificate in Business Accounting
  • Degree in Business or Accounting
  • AAT Technician/Diploma Level 4

To complete the full CIMA Professional Qualification, you will need to complete a total of 3 years work experience. You can start your work experience at any time and can continue gaining experience after completion of your exams.

There may be exemptions depending on what qualifications you already have. 

To find out if you are eligible to claim for an exemption use the CIMA exemptions link below:

https://www.cimaglobal.com/Starting-CIMA/Starting-CIMA/Exemptions/

  • Online learning platform
  • Video tutorials and webinars
  • Exam kit and progress tests
  • Personal study plan
  • Dedicated personal tutor support
  • Dedicated student support
  • FREE CV critique service
  • FREE employability guide to help you impress future employers
  • FREE XO Student Discounts card

Registration fees and exams are not included in the cost of this course. You will need to book and pay for these directly with CIMA.

It's not a problem. We offer a course replacement service, so if you get into trouble and your course pack is lost or damaged, our Student Support Team can provide you with a new set of materials for a one-time additional fee.

That's not a problem. We want to make sure you’re 100% confident about enrolling on the course and starting your study. So, just give our Student Adviser Team a call on 03300 563 100 and they’ll do their best to help.

Enrol now

If you are interested in and you’re looking for a more flexible approach to learning that fits around your life - this is the ideal course for you. Enrol online today by clicking below or speak to one of our advisers for more information.

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