Download CIMA : P1 Questions & Answers as PDF & Test Software
Last Updated: Sep 10, 2026
No. of Questions: 258 Questions & Answers with Testing Engine
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CIMA P1 Exam Overview:
| Certification Vendor: | CIMA |
|---|---|
| Exam Name: | Fundamentals of Management Accounting (P1 / BA2 legacy reference) |
| Exam Number: | BA2 |
| Related Certifications: | CIMA Certificate in Business Accounting (BA1-BA4) CIMA Professional Qualification (Operational level) |
| Exam Duration: | 120 minutes |
| Real Exam Qty: | 60 |
| Available Languages: | English |
| Exam Format: | Objective Test, Multiple Choice Questions |
| Certificate Validity Period: | No expiry (Certificate qualification does not expire once awarded) |
| Passing Score: | 50% |
| Recommended Training: | CIMA Official Certificate in Business Accounting |
| Exam Registration: | CIMA Exam Registration |
| Sample Questions: | CIMA P1 Sample Questions |
| Exam Way: | Computer-based exam delivered at test centers or online proctored (where available). |
| Pre Condition: | No formal prerequisites required for Certificate level entry. |
| Official Syllabus URL: | https://www.aicpa-cima.com/cimaexams/certificate-in-business-accounting |
CIMA P1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Cost-Volume-Profit Analysis | - Contribution and margin of safety - Break-even analysis |
| Topic 2: Budgeting | - Cash and functional budgets - Budget preparation and purpose |
| Topic 3: Standard Costing and Variance Analysis | - Interpretation of variances - Material, labor, and overhead variances |
| Topic 4: Introduction to Management Accounting | - Cost classification and cost behavior - Role and purpose of management accounting |
| Topic 5: Costing Techniques | - Overhead allocation and absorption - Absorption and marginal costing |
| Topic 6: Short-term Decision Making | - Make or buy and limiting factors - Relevant costing principles |
Common Questions About the CIMA P1 Exam, Answered
The P1 exam, officially titled Management Accounting, is the qualifying exam for the CIMA Certificate in Business Accounting (Cert BA) certification, which sits at the Certificate level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a CIMA career path. It also connects to CIMA Certificate in Business Accounting (BA1-BA4), CIMA Professional Qualification (Operational level), so the effort you put in now keeps paying off as you advance.
The P1 exam gives you 60 questions to complete within 120 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TestSimulate's test engines are designed for.
According to the official requirements: No formal prerequisites required for Certificate level entry.. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.
Registration for the P1 exam is handled through the official channels below:
The exam is delivered in the following format: Computer-based exam delivered at test centers or online proctored (where available).. Pick a date that leaves room for at least one full timed practice test beforehand.
CIMA recommends the following official training options for candidates preparing for CIMA Management Accounting:
Courses build the foundation, but they work best alongside question practice. That is where TestSimulate comes in: the 258 practice questions in our P1 package let you rehearse the exam format at your own pace and see exactly where you stand.
Yes — TestSimulate offers a free PDF demo of the CIMA Management Accounting material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.
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The current CIMA Management Accounting syllabus is organized into 6 exam domains. The first three are:
- Introduction to Management Accounting
- Budgeting
- Cost-Volume-Profit Analysis
For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TestSimulate practice questions are mapped to.
CIMA Management Accounting Sample Questions:
A company currently uses a rate of $32 per machine hour to absorb its total production overheads of
$960,000.
Using this system the production overhead cost per unit of product X is $160.
An activity based costing exercise has revealed that only $345,000 of the production overhead is driven by machine hours. The remainder is driven by the number of machine set ups, at a rate of $9.60 per set up.
Product X requires 3 set ups per unit.
Calculate the total production overhead cost per unit of product X using an activity based costing system.
Give your answer to two decimal places.
$86.30
A special contract requires 640 units of component T.
The inventory of 280 units of component T cost $0.20 per unit but the component is not currently used by the company.
The current market price of component T is $0.24 per unit but the inventory could be sold for $0.15 per unit.
The relevant cost of the units of component T required for the special contract is:
- A. $128.40
- B. $153.60
- C. $142.40
- D. $100.40
GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:
Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:
(i) The total labour efficiency variance
(ii) The total labour mix variance
(iii) The total labour yield variance
Select the correct statements.
- A. Labour yield variance: $ 144 000 A
- B. Labour efficiency variance: $ 98 000 A
- C. Labour mix variance: $ 66 000 F
- D. Labour efficiency variance: $ 88 000 F
- E. Labour mix variance: $ 75 000 F
- F. Labour mix variance: $ 63 000 A
- G. Labour efficiency variance: $ 78 000 F
- H. Labour efficiency variance: $ 78 000 A
FG Enterprises manufactures and sells three products. There are 4,400 kg of Material X available in the next period. Material X is used in the manufacture of all three products. The following data is available for the next period.
What is the optimal production plan for the next period in order to maximise profit?
- A. Product L 3,000 units
Product M 4,400 units
Product N 4,000 units - B. Product L 3,000 units
Product M 5,000 units
Product N 4,000 units - C. Product L 3,000 units
Product M 5,000 units
Product N 3,250 units - D. Product L 1,500 units
Product M 5,000 units
Product N 4,000 units
Which of the following statements regarding marginal and absorption costing are true in the context of pricing decisions?
Select ALL that apply.
- A. Marginal costing ensures the recovery of all costs incurred in selling prices.
- B. Absorption costing is more appropriate for use in one-off pricing decisions.
- C. Marginal costing is appropriate for long-term pricing decisions.
- D. Absorption costing when used for pricing decisions includes the 'total-cost' of the product.
- E. Marginal costing is appropriate for short-term pricing decisions.
- F. Marginal costing is more appropriate for use in one-off pricing decisions.
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