CIMA Professional Qualification – Management Accounting module P1
Do you want to help businesses all over the world manage their finances? Accounting has so many open-ended opportunities and you can boost your career in the field with the Management Accounting P1 module, which goes towards a CIMA Professional Qualification, 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.
The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business and finance. In the Management Accounting module P1, you will examine why costing is done and what it is used for. You will be introduced to the basic building blocks of costing and how to apply them in the costing methods that businesses use.
This is one of the 12 modules you need to complete in order to achieve the CIMA Professional qualification. By successfully completing the Management Accounting P1 exam, you will be one step closer to achieving the CIMA Professional Qualification.
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.
It is ideal for:
- Students who want to develop their accounting and finance knowledge.
- Those aspiring to work or progress their career in accounting, finance, or bookkeeping.
Future career options:
- Chartered accountant
- Finance manager
- Management accountant
- External auditor
- Forensic accountant
- Internal auditor
- Business analyst
Join over 110,000 other students who chose to improve their education and boost their employability through distance learning.
Varies depending on enrolment date.
On completion of your exam, you will receive a pass in the Management Accounting P1 module.
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.
A mixture of progress tests and mock exams, as well as completion of one exam.
- 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
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.
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.
On successful completion of your exam, you will achieve a pass in the Management Accounting P1 module. This counts towards your overall CIMA membership.
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.
Upon completion of the Management Accounting module P1, you will be able to move on to another of the 12 modules to earn your CIMA Professional Qualification.
Take a read of our ‘How to Become an Accountant‘ career guide.
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.
Head to the CIMA Global website to find out if you are eligible to claim for an exemption.
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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.
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