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Benefits of Getting the CIMA Operational CIMA P1 Accounting
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.
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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 working capital ratios in comparison to prior periods or to other organisations
- Explain how to manage and control working capital
- Identify appropriate sources of short-term finance and methods of short-term investments
What is the cost of CIMA Operational CIMA P1 Accounting?
CIMA Operational CIMA P1 Accounting costs GBP 425.
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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CIMA P1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Short-Term Commercial Decision Making | 30% | - Limiting factor and contribution analysis - Relevant costing and decision criteria - Pricing and make-or-buy decisions |
| Dealing with Uncertainty in the Short Term | 15% | - Decision trees and sensitivity analysis - Expected value and risk analysis |
| Budgeting and Budgetary Control | 25% | - Budgetary control techniques - Budget preparation and control - Types of budgets (flexible, rolling, cash, etc.) |
| Cost Accounting for Decision and Control | 30% | - Cost information for planning and control - Costing methods (absorption, marginal, ABC, etc.) - Cost behaviour and cost classification |
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