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The CIMA Professional Qualification is divided into three levels - Operational, Management and Strategic. Each of these levels consists of three pillars of domain knowledge - Enterprise, Performance and Financial. Passing each level of the qualification confirms a candidate's capabilities to perform the tasks at that level in the workplace to the highest standards. When combined with the required practical experience, the CIMA Professional Qualification ensures that members are ready to support and lead their organisations, through the challenging environment of continuous change. The syllabus, assessments and practical experience requirements ensure members are not only competent in the essential accounting, finance and business-related skills, but also in the skills required to lead the finance function in a digital age. The Operational level focuses on the short term and the implementation of decisions. Learners of CIMA P1 practice exams and CIMA P1 practice test will be able to work with others in the organisation and use appropriate data and technology to translate mediumterm decisions into short-term actionable plans.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
CIMA CIMAPRO19-P01-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Budgeting and Budgetary Control | 25% | - Budgetary control and performance reporting - Flexible budgeting - Preparation of functional and master budgets - Purposes and types of budgets - Beyond budgeting and modern approaches |
| Short-Term Commercial Decision Making | 30% | - Limiting factor analysis - Product mix decisions - Relevant costing principles - Make-or-buy and outsourcing decisions - Pricing strategies and decisions |
| Dealing with Uncertainty in the Short Term | 15% | - Risk attitudes: maximin, maximax, minimax regret - Sensitivity analysis - Decision trees - Probability and expected values - Uncertainty in budgeting and decisions |
| Cost Accounting for Decision and Control | 30% | - Concepts and purposes of costing - Standard costing and variance analysis - Absorption and marginal costing - Cost-volume-profit (CVP) analysis - Activity-based costing - Cost classification and behaviour |








