CIMA P1 - Performance Operations

Introduction

Studying for the P1 exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• a quick answer to a quick question - if you have a P1 query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.

The CIMA P1 syllabus

 The syllabus for P1 is split into 5 main areas:

A Cost accounting systems

The best place to start here is with the Costing page. This has numerous pages linked to it, depending on which costing technique you wish to explore.

B Forecasting and budgeting techniques

Start iwth the budgeting page and use the menu at the top or side to explore related topics. At present the knowledgebank does not contain detailed content on forecasting.

C Project appraisal

Start with the Relevant Costing page as this essentially underpins everything else, before moving on to the investment appraisal page. The knowledgebank has considerable content on various aspects of investment appraisal, so ensure you explore the different links from this page.

D Dealing with uncertainty in analysis

Start with the Risk and uncertainty page and the pages linked to it.

E Managing short-term finance

Start with the main page on Working Capital Management.

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