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The CIMA Professional Chartered Management Accounting qualification is considered one of the most relevant finance qualifications for business professionals in the world.
The CIMA P1 Performance Operations module is split into five units that cover cost accounting systems, forecasting and budgeting techniques, project appraisal, dealing with uncertainty in analysis and managing short-term finance; all of which are crucial areas of knowledge for any management accountant to understand and apply to their day-to-day work.
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Who are CIMA?
The Chartered Institute of Management Accountants (CIMA) is the world’s largest and leading professional body of management accountants. CIMA offer the most relevant global finance qualifications for business.
- Marginal Costing Vs. Absorption Costing
- Activity Based Costing
- Standard Costing
- Standard Costing Reports
- Planning and Operational Variances
- Performance Evaluation
- Production Management Techniques
- Environmental Costing
- Preparing Budgets
- Forecasting Techniques
- Budgeting Methods
- The Decision-Making Process
- The Time Value of Money and NPV
- Basic Methods of Investment Appraisal
- Mutually Exclusive Projects and Capital Rationing
- Dealing with Risk and Uncertainty in Decision Making
- Sensitivity in Investment Appraisal
- Advanced NPV – The Effect of Tax and Inflation
- Interpreting Working Capital Ratios
- Working Capital: Receivables, Payables & Inventory
- Forecasting Cash Flows
- Managing Cash
The CIMA P1 module of the CIMA Professional qualification will take approximately 20 hours for you to study, we give you 24 months to complete the course so you can complete it at your own pace.
Who is this course for?
The CIMA Professional Chartered Management Accounting qualification is ideal for finance professionals who are focusing their careers on management accounting or who are in a business finance role. This course will help to lay the foundations for your future and deliver the knowledge you need to work your way to the top.
If you have an accountancy or finance degree, or are a member of AAT who is qualified, you can start the CIMA Professional qualification. If you are new to the finance industry, or are just starting in your journey to gain recognised qualifications, you will need to start with the CIMA Certificate in Business Accounting before progressing to the CIMA Professional qualification.
A qualification with CIMA can open many career opportunities, whether that is working in Finance, Project Management or Accountancy. You will also be able to continue onto further studies in CIMA, with the rest of the CIMA Certificate in Business Accounting, with studying members of CIMA earning an average salary of £32,000.
Once you qualify as a CIMA member you can earn wages of up to £60,000.
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