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Understanding function and technical aspects of Analyse performance using financial and nonfinancial information

The following will be discussed in CIMA P1 exam dumps:

  • Explain company performance using KPIs
  • Interpret variances to review functional and organisational performance
  • Prepare performance reports for use by different functions and for different purposes in appropriate formats and media
  • Identify appropriate KPIs for different functions of the organisation
  • Identify information that can enable managers to review performance

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Understanding function and technical aspects of Prepare information to support short-term decision-making

The following will be discussed in CIMA P1 exam dumps:

  • Prepare information to support operational decisions
  • Apply appropriate techniques that support short-term decision-making
  • Explain factors that could influence short-term decisions
  • Apply appropriate techniques to deal with situations where there is risk and uncertainty
  • Identify relevant costs and benefits

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

CIMA P1 Exam Syllabus Topics:

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