Management Accounting (P1)
150 questions mapped to the current AICPA & CIMA Operational Level blueprint (2026/27). Covers cost accounting (overhead absorption, process costing, ABC), budgeting and control, short-term decision making (CVP analysis, limiting factors, relevant costs, pricing), and decision making under uncertainty. Switch to Exam Sim mode for a timed CIMA P1 mock exam: 60 questions, 90 minutes.
→ P1 Common Mistakes & Exam Technique: the errors that catch P1 students out, and how to avoid them.
The P1 exam format
| Format | Computer-based objective test. All questions are compulsory. |
|---|---|
| Length | 90 minutes, 60 questions. |
| Scoring | Reported as a scaled score from 0 to 150. Questions are weighted by difficulty, so the scaled score is not a straight percentage of questions answered correctly. |
| Pass mark | 100 out of 150. |
| Case Study | Separate from this exam. The Operational Case Study is sat after the three operational-level objective tests and has its own pass mark of 80 out of 150. |
Always check the current exam format on the AICPA & CIMA website before you sit.
P1 Formula Sheet: all key formulas on one printable A4 page. Free to download, or see what's on it.
↓ Download PDFFound GoQualified useful? It's free because we believe cost shouldn't be a barrier to qualification. If this helped you, consider buying us a coffee ☕