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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:

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

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Understanding function and technical aspects of Distinguish Between The Different Rationales For Costing

The following will be discussed in CIMA P1 exam dumps:

• Apply different costing methods to produce costing information suitable for managers' needs
• Identify the cost information required for digital cost objects
• Use appropriate technologies to gather data for costing purposes, from digital and other sources.
• Control the activities (e.g.) control amount of materials being used for production
• Evaluate the activities (e.g.) evaluate whether more/less materials were used per unit in comparison to the original plan
• Plan the activities (e.g.) plan number of units to produce this year
• Compare different costing methods and systems to determine the most suitable for use by the organisation for different purposes
• Make decisions regarding activities (e.g.) purchase materials required for production
• Explain costing information to operational and senior management using appropriate formats and media

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

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Introduction to CIMA Operational CIMA P1 Accounting

CIMA Operational is the first level of the CIMA Professional qualification. After completing this level you can progress onto the Management level, then complete the Strategic level to become a chartered management accountant. You will need to have completed CIMA Certificate, AAT Professional (Level 4), or have an accountancy or finance degree.

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Understanding function and technical aspects of Apply relevant financial reporting standards and corporate governance, ethical and tax principles

The following will be discussed in CIMA P1 exam dumps:

• Apply the principles of corporate governance and ethics
• Apply relevant IFRS in a given context, to facilitate the preparation of financial statements
• Identify the impact of tax regulation on transactions, decisions and profits

CIMA CIMAPRO19-P01-1 Exam Syllabus Topics: