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Valid CIMA P1 Exam Dumps with Flat 20% Off

The P1 Dumps Study Material Realexamdumps.com platform has made it easy for everyone to overcome their most complex of queries related to the certifications. From their effective strategies to basic methodologies, everything comes from authentic sources and trusted names. The CIMA Advanced Diploma In Management AccountingExam 2021 will be very easy to pass when connected with this site. Furthermore, the site is also always updated with the best P1 dumps pdf and latest solutions. Not only that, but they are also very friendly with their overall design of the site as well as its functionality.

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Valid CIMA P1 Exam Dumps with Flat 20% Off

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  1. CIMA P1 Exam Accounting Management https://www.realexamdumps.com/cima/p1-practice-test.html

  2. P1 stresses the importance of costs and the drivers of costs in the production, analysis and use of information for decision making in organisations. The time focus of P1 is the short term. It covers budgeting as a means of short-term planning to execute the strategy of organisations. Exam Summary

  3. Format: computer based • Availability: on demand at any of the 5,000 Pearson VUE centres around the world • Length: 90 minutes • Marking: computer marked • Results: provisional result available immediately followed by confirmation no more than 48 hours later Objective Tests

  4. A. Cost Accounting for decision and control • B. Budgeting and budgetary control • C. Short term commercial decision making • D. Risk and uncertainty in the short term P1 Management Accounting

  5. • Why costing is done and what it is used for, including appropriate costing methods and techniques and where digital costing might be used. • • How budgets are prepared and implemented across the organisation, the impact these have, and how techniques are applied to ensure sound short term decision making, against a backdrop of risk and uncertainty, by using appropriate risk management tools. What Do You Learn In P1?

  6. CIMA P1 Exam Sample Question Answers

  7. N prepares budgets on an annual basis by using the budget from the previous year, and then adjusting it for growth and inflation. • This is an example of: • A. An incremental budget • B. A rolling budget • C. A flexed budget • D. Zero based budgeting • ANSWER : A Sample Question 1

  8. What type of budget is prepared on an annual basis taking current year operating results and adjusting them for expected growth and inflation? • A. Rolling budget • B. Incremental budget • C. Flexed budget • D. Zero-based budget • ANSWER : B Sample Question 2

  9. Which of the following would cause an adverse fixed overhead volume variance? • A. Actual output was higher than budgeted • B. Actual output was lower than budgeted • C. Actual expenditure was higher than budgeted • D. Actual expenditure was lower than budgeted • ANSWER : B Sample Question 3

  10. Which one of the following would NOT be included in a decision to close a division of an organization? • A. Head office overheads absorbed on the basis of the number of units produced • B. Sale of unwanted non-current assets • C. Redundancy pay for employees of the division • D. Fixed costs directly attributable to the division • ANSWER : A Sample Question 4

  11. In short-term decision making, which TWO of the following are relevant costs? • A. Sunk costs • B. Avoidable costs • C. Committed costs • D. Opportunity costs • E. Notional costs • ANSWER : B, D Sample Question 5

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