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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:

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

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

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Topics of CIMA Operational CIMA P1 Accounting

The following topics are a part of CIMA P1 Accounting module.

• Analyse performance using financial and nonfinancial information
• Apply relevant financial reporting standards and corporate governance, ethical and tax principles
• Budgeting and budgetary control
• Prepare information to support short-term decision-making
• Cost Accounting for decision and control
• Short term commercial decision making
• Prepare information to manage working capital
• Distinguish Between The Different Rationales For Costing
• Risk and uncertainty in the short term
• Prepare budget information and assess its use for planning and control purposes

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What do you learn in P1?

• How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools.
• Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used.

Below is the CIMA Operational CIMA P1 Accounting

• Number of questions: 60
• Length of Examination: 90 minutes
• Passing score: 70%
• Language: English
• Format: Multiple choices, multiple answers