CIMA’s CGMA® Management Accounting (P1)

Entry Requirements

• Educational Background: No formal prior accounting qualifications are required; however, a fundamental understanding of mathematics and business concepts will facilitate a smoother learning experience. 
   

• Language Proficiency: Learners must have a strong command of English, as all instructional materials, assessments, and discussions are conducted in English.
   

• Interest in Management Accounting: Ideal for individuals aspiring to gain expertise in management accounting and advance towards earning the globally recognised CGMA® designation through CIMA.

• Understand Cost Accounting Techniques: Develop an in-depth understanding of costing methods, including absorption costing, marginal costing, and activity-based costing, to ensure accurate cost attribution and control.
   

• Enhance Decision-Making Skills: Master techniques such as break-even analysis, variance analysis, and cost-volume-profit analysis to support effective managerial decisions and strategic planning.
   

• Improve Budgeting and Planning Expertise: Gain proficiency in budgeting processes, including preparation, analysis, and variance reconciliation, to drive organisational efficiency and goal alignment.
   

• Develop Risk Assessment and Control Measures: Learn to identify, assess, and manage financial and operational risks, ensuring organisational resilience and sustainability.
   

• Prepare for the Next CIMA Exam Stage: Build a strong conceptual and practical foundation that sets the stage for progression to higher-level CIMA modules, fostering long-term career growth in management accounting.

The CIMA CGMA® Management Accounting (P1) Course is designed for individuals aspiring to build expertise in cost management, decision support, and financial planning. The following groups will particularly benefit from this course:

• Assistant Management Accountant

• Cost Accountant

• Financial Analyst

• Budget Analyst

• Business Controller

• Junior Finance Manager

Module 1: Cost Accounting for Decisions and Control 

• Distinguish Between the Different Rationales for Costing 

• Apply the Main Costing Concepts to Organisations and Cost Objects 

• Apply Costing Methods to Determine the Costs for Different Purposes 
   

Module 2: Budgeting and Budgetary Control 

• Distinguish Between the Different Rationales for Budgeting 

• Prepare Budgets 

• Discuss Budgetary Control 
   

Module 3: Short Term Commercial Decision Making 

• Main Types of Short-Term Decisions Made by Organisations 

• Underlying Concepts Used for Short-Term Decision-Making 

• Apply Appropriate Techniques to Support Short-Term Decisions 
   

Module 4: Risk and Uncertainty in the Short Term 

• Apply Basic Risk Management Tools in the Short Term