P1 performance operations

On completion of this paper you will have learnt from the following topics:

  • Cost accounting systems – 30%
  • Forecasting and budgeting techniques – 10%
  • Project appraisal – 25%
  • Dealing with uncertainty in analysis – 15%
  • Managing short term finance – 20%
Study guides P1: syllabus guide (PDF 81KB)
P1: area A – self study guide (PDF 99KB)
P1: area B – self study guide (PDF 62KB)
P1: area C – self study guide (PDF 81KB)
P1: area D – self study guide (PDF 65KB)
P1: area E – self study guide (PDF 82KB)
Exam papers and model answers May 2013 exam paper (PDF 159KB); answers to follow shortly
March 2013 exam paper (PDF 162KB) and answers (PDF 111KB)
November 2012 exam paper (PDF 171KB) and answers (PDF 106KB)
September 2012 exam paper (PDF 157KB) and answers (PDF 105KB)

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Post exam guides March 2013 (PDF 136KB)
November 2012 (PDF 144KB)
September 2012 (PDF 132KB)

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Useful articles Variance analysis (FM, July/August 2012) (PDF 2MB)
Annualised equivalent method (FM, May 2012) (PDF 2MB)
Tackling cash flow problems (FM, June 2011) (PDF 161KB)
An exam approach to answering P1 questions (Velocity April 2012)

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Reading lists Core reading
CIMA Official Study Text Performance Operations 2011-2012 edition, 1st edition

Additional reading
M. Oliver and Charles Horngren, 'Managerial Accounting (International Edition 2011)', Pearson Education
Colin Drury, 'Management and Cost Accounting (7th edition)', CEngage
Exam questions by learning outcome Learning outcomes by past papers: 2010 syllabus (PDF 77KB)
Article looking at the importance of verbs in learning outcomes and exam questions (PDF 56KB)
Maths tables P1 maths tables (PDF 56KB)