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Last Updated: Oct 05, 2026

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CIMA P1 Practice Q&A's

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CIMA P1 Exam Overview:

Certification Vendor:Chartered Institute of Management Accountants (CIMA)
Exam Name:Management Accounting
Exam Number:P1
Passing Score:Scaled 100/150 (approximately 67%)
Exam Price:Varies by region (official exam fees charged by CIMA/Pearson VUE)
Available Languages:English
Real Exam Qty:60
Exam Duration:90 minutes
Exam Format:Drag-and-drop questions, Multiple response questions, Objective Test (multiple choice), Number entry questions
Related Certifications:CIMA E1
Operational Case Study (OCS)
CIMA F1
CIMA Diploma in Management Accounting
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based Objective Test at Pearson VUE test centres or on-demand online delivery (CIMA/Pearson VUE).
Pre Condition:No formal prerequisite beyond CIMA student registration; exemption options may apply based on prior qualifications.
Official Syllabus URL:https://www.aicpa-cima.com

CIMA P1 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Dealing with Uncertainty in the Short Term15%- Decision trees and sensitivity analysis
- Expected value and risk analysis
Topic 2: Short-Term Commercial Decision Making30%- Relevant costing and decision criteria
- Limiting factor and contribution analysis
- Pricing and make-or-buy decisions
Topic 3: Cost Accounting for Decision and Control30%- Cost behaviour and cost classification
- Cost information for planning and control
- Costing methods (absorption, marginal, ABC, etc.)
Topic 4: Budgeting and Budgetary Control25%- Types of budgets (flexible, rolling, cash, etc.)
- Budgetary control techniques
- Budget preparation and control

CIMA P1 Exam Questions — Answered Honestly

The P1 exam is how CIMA decides who earns the CIMA Operational certification, which sits at the Operational Level (Professional Qualification) level. It measures practical command of the CIMA Management Accounting objectives — the skills you'd actually use on the job — which is why it carries weight with employers in a competitive market. It's also part of a wider certification family that includes CIMA E1, CIMA F1, Operational Case Study (OCS), CIMA Diploma in Management Accounting, so the effort you invest here keeps paying off as you advance. Candidates do best when they treat the exam as a skills check, not a memory test.

CIMA organizes the CIMA Management Accounting syllabus into 4 domains, opening with Budgeting and Budgetary Control (25%), Dealing with Uncertainty in the Short Term (15%), and Cost Accounting for Decision and Control (30%). Those weightings are a gift: they tell you where the points concentrate, so you can front-load the domains that decide your score. The full breakdown lives in the exam topics section above — build your study plan around it.

Expect 60 questions within 90 minutes on the CIMA Management Accounting exam. Treat that ratio as a pacing contract: work out your per-question budget now, and during the exam, flag anything that threatens to overrun it and circle back later. Candidates who rehearse this under a real timer — the SureTorrent test engine runs one on every mock exam — consistently finish with time to review instead of guessing through the final questions.

You'll need Scaled 100/150 (approximately 67%) to pass the CIMA Management Accounting exam, and a seat costs Varies by region (official exam fees charged by CIMA/Pearson VUE). Since retakes bill the full fee again, the economics are simple: arrive over-prepared. The reliable method is timed self-testing — run SureTorrent practice exams until your scores sit clearly above the passing mark across several sessions, then register. You're not buying certainty; you're refusing to pay for the same exam twice.

CIMA lists the CIMA Management Accounting question types as: Objective Test (multiple choice), Multiple response questions, Number entry questions, Drag-and-drop questions. Knowing the list is half the battle; the other half is practicing against each type until its mechanics are boring. For lengthy scenario items, anchor on the actual question sentence before digesting the stem. SureTorrent's 258 practice questions cover these formats, so nothing on your screen in the exam room is a first encounter.

The CIMA Management Accounting exam is currently available in English. Pick the language where your reading speed is highest — in a timed exam, comprehension pace quietly decides borderline scores. If you're testing in English, SureTorrent's English-language P1 practice questions double as drills for the exact terminology CIMA favors.

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Our research team has tracked the CIMA Management Accounting exam for years, and the question bank is revised continuously as CIMA shifts what's tested — not on an annual schedule. Purchases include 365 days of free updates via your member zone, and you can watch for releases through the New Releases section or the SureTorrent newsletter. Re-check 3-4 days before your exam date, and if a product ever expires, repurchasing at 50% off restarts the update flow.

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CIMA Management Accounting Sample Questions:

Question #1

A manager in your organisation says, "I have spare capacity and I need a unit cost as a basis for pricing a special one-off contract. You have provided me with a relevant cost of $6.50 per unit and a full production cost of $8.00 per unit. Please explain which unit cost I should use." Which cost should be used in this decision and why?

  • A. The relevant cost because it is the lower unit cost.
  • B. The full production cost because it will be used in the financial accounting reporting system.
  • C. The full production cost because it is important to ensure that all costs are covered by the selling price.
  • D. The relevant cost because it represents the cash flows that will be affected if the contract is accepted.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

A company produces trays of pre-prepared meals that are sold to restaurants and food retailers. Three varieties of meals are sold: economy, premium and deluxe.


Calculate, for the original budget, the budgeted fixed overhead costs, the budgeted variable overhead cost per tray and the budgeted total overheads costs.

  • A. The variable cost per tray = $0.65; The fixed cost = $ 550 000
  • B. The variable cost per tray = $0.45; The fixed cost = $ 320 000
  • C. The variable cost per tray = $0.85; The fixed cost = $ 530 000
  • D. The variable cost per tray = $0.75; The fixed cost = $ 490 000
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

A manufacturing company has more units of finished goods inventory at the end of a period than at the beginning of the period.
Which of the following statements is true?

  • A. Profit is lower and opening inventory valuation is higher using marginal costing than if throughput costing is used.
  • B. Profit is higher and opening inventory valuation is higher using marginal costing than if throughput costing is used.
  • C. Profit is higher and opening inventory valuation is lower using marginal costing than if throughput costing is used.
  • D. Profit is higher and opening inventory valuation is lower using absorption costing than if marginal costing is used.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

RST is preparing a quotation, on a relevant cost basis, for a special order.
Which TWO of the following are relevant costs that should be included in the quotation?

  • A. Depreciation charges relating to equipment that will be used on the special order.
  • B. The reduction in the resale value of machinery, due to be sold immediately, but now to be used to produce the special order.
  • C. $2,000 disposal costs which would be saved when obsolete materials are used for the special order.
  • D. The cost of a manager who is seconded from a different division to manage the special order. The manager is paid a fixed salary.
  • E. The cost of materials, as determined by the inventory system, that are currently in inventory but are used regularly on other products.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #5

Reported profits using activity-based costing (ABC) may be different from reported profits using marginal costing because ABC:

  • A. leads to a different selling price.
  • B. includes fixed costs within the cost of inventory.
  • C. ignores variable costs.
  • D. treats materials as the only truly variable cost.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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