CIMA’s CGMA® Management Accounting (P1)

The CIMA’s CGMA® Management Accounting (P1) Course delves into the core principles and techniques of management accounting, empowering learners with the skills to analyse costs, control budgets, and optimise decision-making processes.

Begin Free Trial

Get in Touch With Us

Who will be funding the course?

My employer I will Not sure

Full Name

Phone Number

+44

Company Email

Message (Optional)

Learning Options

Blended Learning
Online self paced
Virtual
Onsite

Live Interactive Sessions
Dedicated 1-to-1 Tutor Support (30-min Weekly)
Expert Trainers with Industry Experience
Flexible Schedule
Networking Opportunities
High Pass Rates
24/7 Personalised Support

Online Video-Based Learning
Flexible Schedule
Expert Trainers with Industry Experience
High Pass Rates
24/7 Personalised Support
Interactive Learning Materials

Live Online Classes
Expert Trainers with Industry Experience
Live Assessment and Feedback
Interactive Learning Materials
Networking Opportunities
High Pass Rates

Overview

The CIMA’s CGMA® Management Accounting (P1) Course is a vital component for individuals pursuing excellence in the field of management accounting. Tailored for aspiring professionals, it provides an in-depth exploration of cost management, planning, and performance evaluation, ensuring learners can contribute effectively to an organisation's strategic goals.

This course focuses on equipping learners with the expertise to evaluate financial and non-financial data, develop budgets, and manage costs in alignment with organisational objectives. Learners gain practical insights into short-term decision-making, risk assessment, and the application of management accounting tools, fostering strategic contributions to business success.

This course by MPES offers learners the knowledge to implement cost control strategies, support decision-making processes, and drive profitability. By mastering these essential skills, learners position themselves for success in advanced CIMA qualifications and thriving careers in the accounting and finance sectors.

Course Objectives

Understand the principles and techniques of management accounting and their application in organisational contexts
Develop skills to prepare and interpret cost information for effective decision-making
Gain proficiency in budgeting techniques, variance analysis, and performance evaluation
Learn to assess short-term risks and opportunities through quantitative and qualitative methods
Build competence in analysing costs and profitability for strategic planning and operational efficiency
Apply ethical considerations and governance principles in management accounting practices
Enhance decision-making capabilities by integrating financial and non-financial performance metrics

Upon completing this course, learners will acquire the knowledge and skills to optimise organisational performance through cost management, support effective planning and control, and advance toward the next stages of the CIMA qualification framework and a successful career in management accounting.

Average completion time

4 Month

with unlimited support

100% online

Start anytime

Study At Your Own Pace

Blended Learning

Study At Your Own Pace

Course Includes

Expert-led Sessions
Digital Delegate Pack
24/7 Tutor Support
Downloadable Resources & Challenges
Interactive Learning
Exercise Files
Scenario-Based Learning

Course Details

Develop your understanding of essential financial, business and management accounting techniques with ACCA Applied Knowledge. You'll learn basic business and management principles and the skills required of an accountant working in business.

Entry Requirements

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.

Learning Outcomes

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.

Target Audience

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

Course content

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

MPES Support That Helps You Succeed

At MPES, we offer comprehensive support to help you succeed in your studies. With expert guidance and valuable resources, we help you stay on track throughout your course.

MPES Learning offers dedicated support to help you succeed in Accounting and Finance courses.
Get expert guidance from tutors available online to assist with your studies.
Check your eligibility for exemptions with the relevant professional body before starting.
Our supportive team is here to offer study advice and support throughout your course.
Access a range of materials to help enhance your learning experience. These resources include practice exercises and additional reading to support your progress.

CIMA Salary Growth

Career Growth Stories

Discover how MPES Learning transforms careers with real success stories.

Arvy Pasanting

As a qualified accountant, studying at MPES has been a very rewarding experience. Its team of passionate and dedicated mentors gave me the confidence and knowledge I needed to not just excel at my current role as an auditor, but also inspired me to expand my horizons.

Arvy Pasanting

Audit Senior (incoming Reconciliations Manager)

David Ford

I was recommended MPES after searching for a way to pursue a career in the accounting profession, I have studied with them throughout my journey utilising both their “in class” and online learning opportunities that fit around the needs of my employer, I have found them to be consummate professionals delivering first class accounting courses with support always available.

David Ford

Accountant

Aaron Allcote

As a finance officer, MPES has been a huge help in understanding the process of recording and processing transactions from all different perspectives. The courses are very easy to follow, and the training they provide can be applied to real-life scenarios. The courses have been a huge help for me, and I would highly recommend them.

Aaron Allcote

Finance Officer

Bob Beaumont

I completed all of my ACA studies with MPES and I think you would struggle to find a better training provider anywhere in the British Isles. MPES' tutors are excellent both at delivering training and giving individualised feedback and coaching. the supporting materials and the out of class support are also great.

Bob Beaumont

Senior Accountant

George Evans

The Financial Risk Management Course at MPES was invaluable in deepening my understanding of risk assessment and mitigation strategies. The hands-on learning approach allowed me to apply new concepts directly to my work. I highly recommend it for professionals in finance.

George Evans

Risk Manager

James Robinson

As a financial consultant, I am always seeking ways to enhance my expertise. The Investment Analysis Course at MPES exceeded my expectations, offering practical skills and knowledge that I can apply immediately in my consulting work. It's an outstanding choice for professionals in finance.

James Robinson

Financial Consultant

Laura Bennett

The Corporate Finance Course I attended at MPES was transformative. The depth of knowledge shared by the instructors and the relevance of the topics covered have directly impacted on our financial strategy. I strongly endorse this program for anyone in a leadership position in finance.

Laura Bennett

Chief Financial Officer

Emma Johnson

The Financial Modeling and Valuation Course at MPES was incredibly insightful. The practical applications and real-world examples helped solidify my understanding of complex concepts. I highly recommend this course to anyone looking to enhance their financial acumen.

Emma Johnson

Financial Analyst

CIMA Roadmap

Have Questions? We’ve Got You

If you have any questions, we’re here to help. Find the answers you need in the MPES detailed FAQ section.

Q. What does this course cover?

The course focuses on budgeting, cost management, performance measurement, and financial analysis, providing a comprehensive understanding of management accounting principles and practices.

Q. Do I need prior experience in accounting?

Basic knowledge of financial principles is helpful but not mandatory, as this course focuses on foundational and operational-level management accounting skills.

Q. How will this course benefit my career?

This course equips you with essential management accounting skills, enabling you to support financial planning, improve decision-making, and enhance your career prospects.

Q. What is the course format?

The course includes interactive sessions, practical exercises, and real-world case studies to ensure a thorough understanding of management accounting concepts and applications.

Q. Will I receive a recognised qualification?

Yes, upon successful completion, you will earn the CGMA® Operational Level Management Accounting certification, recognised globally and valued by employers.

Q. What topics are covered in the CIMA Management Accounting (P1) Course?

The course covers essential concepts such as cost accounting systems, budgeting techniques, variance analysis, performance measurement, and short-term decision-making strategies. It also focuses on the application of these tools in a business context to aid in effective decision-making.

Q. How does the P1 course support my professional development?

The P1 course equips you with practical knowledge and skills in management accounting, enabling you to contribute to financial planning, control, and decision-making processes within an organisation. These competencies are critical for advancing your career in accounting and finance.

Q. What resources are provided during the course?

Learners are given access to comprehensive study materials, including detailed course notes, practice questions, case studies, and mock exams.

Q. Is the course suitable for those already working in accounting or finance?

Yes, the course is designed for professionals in accounting and finance roles who wish to enhance their management accounting skills. It is also suitable for individuals aspiring to take on managerial responsibilities or progress in their careers.

Q. What career opportunities can this course open up?

Upon completing the P1 course, you will be better prepared for roles such as Management Accountant, Financial Analyst, Budget Analyst, or Cost Accountant. The course builds a strong foundation for roles requiring expertise in planning, performance management, and strategic decision-making.

Related Courses

Explore additional courses designed to complement your learning journey and enhance your professional skills. Expand your knowledge with these expertly curated options tailored to your career goals.

CIMA’s CGMA® Managing Finance in a Digital World (E1) Go To Course

CIMA’s CGMA® Financial Reporting Training (F1) Go To Course

Maria Thompson

04-Dec-2024

Read Blog