Expected CIMAPRO19-P01-1 Exam Topics, as suggested by CIMA :

• Module 1: Determine causality in cost function estimates and impact on budgets/ Identify inventory costs and period costs
• Module 2: Determine the activity that causes the change in cost/ Understand the difference between variable costs and fixed costs
• Module 3: Understand relevant cash flows and their use in pricing decisions/ Calculate the costs for products or services using activity-based costing
• Module 4: Calculate the breakeven point and output level required to meet income targets/ Understand costing and the different reasons for calculating costs
• Module 5: Understand the impact of individuals’ risk attitudes on decision-making in the short term/ Understand the difference between direct costs and indirect costs
• Module 6: Calculate revenue and cost estimates using quantitative analyses/ Calculate and interpret overall flexed budget variances
• Module 7: Understand relevant cash flows and non-financial factors and how it affects make or buy decisions/ Understand the strategic implications of short-term decision-making
• Module 8: Understand how budgets can help energize and motive individuals and teams/ Recognise how management accountants help make tactical business decisions
• Module 9: Calculate subdivision of total usage/efficiency variances into mix and yield variances/ Use material, labour, variable overhead, fixed overhead and sales variances
• Module 10: Establish manufacturing standards for material, labour, variable overhead and fixed overhead/ Understand the difference between financial accounting and cost accounting