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For more information visit:

CIMA Official Website

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

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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:

• Interpret variances to review functional and organisational performance
• Identify information that can enable managers to review performance
• Explain company performance using KPIs
• 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

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Topics of CIMA Operational CIMA P1 Accounting

The following topics are a part of CIMA P1 Accounting module.

• Short term commercial decision making
• Distinguish Between The Different Rationales For Costing
• Budgeting and budgetary control
• Risk and uncertainty in the short term
• Prepare information to manage working capital
• Prepare information to support short-term decision-making
• Analyse performance using financial and nonfinancial information
• Cost Accounting for decision and control
• Apply relevant financial reporting standards and corporate governance, ethical and tax principles
• Prepare budget information and assess its use for planning and control purposes

Understanding function and technical aspects of Distinguish Between The Different Rationales For Costing

The following will be discussed in CIMA P1 exam dumps:

• Control the activities (e.g.) control amount of materials being used for production
• Evaluate the activities (e.g.) evaluate whether more/less materials were used per unit in comparison to the original plan
• Compare different costing methods and systems to determine the most suitable for use by the organisation for different purposes
• Plan the activities (e.g.) plan number of units to produce this year
• Make decisions regarding activities (e.g.) purchase materials required for production
• Apply different costing methods to produce costing information suitable for managers' needs
• Identify the cost information required for digital cost objects
• Explain costing information to operational and senior management using appropriate formats and media
• Use appropriate technologies to gather data for costing purposes, from digital and other sources.

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