cima P1 exam track

Exam Questions by Learning Outcomes

P1 - Performance operations May-10

Sep-10

Nov-10

Mar-11

May-11

Sep-11

Nov-11

Mar-12

May-12

Sep-12

Nov-12

Mar-13

Q1.2
2 marks

Q3a(i)
4 marks

May-13

Q3a(i)
4 marks

A - Cost accounting systems
(30%)
Q3b(i)
4 marks
Q3b(ii)
4 marks

1. Discuss costing methods and their results
(a) compare and contrast marginal
(or variable), throughput and absorption accounting methods in respect of profit reporting and stock valuation;
(b) discuss a report which reconciles budget and actual profit using absorption and/or marginal costing principles;
(c) discuss activity-based costing as compared with traditional marginal and absorption costing methods, including its relative advantages and disadvantages as a system of cost accounting; disadvantages as a system of cost accounting; (d) apply standard costing methods, within costing systems, including the reconciliation of budgeted and actual profit margins; (e) explain why and how standards are set in manufacturing and in service industries with particular reference to the maximisation of efficiency and minimisation of waste;

(f) interpret material, labour, variable overhead, fixed overhead and sales variances, distinguishing between planning and operational variances;
(g) prepare reports using a range of internal and external benchmarks and interpret the results; Updated: June 2013

Q3a
5 marks

Q3a
4 marks

Q3a
13 marks

Q1.4
2 marks
Q1.5
2 marks

Q2f
5 marks

Q3c
6 marks

Q3c
6 marks

Q3b
13 marks
Q3c
7 marks

Q2e
5 marks

Q2d
5 marks

Q3a(ii)
12 marks
Q3b
3 marks
Q3c
6 marks

Q3b
14 marks
Q3C
7marks

Q3b
5 marks
Q3d
6 marks

Q3a
19 marks

Q3a
6 marks
Q3c
11 marks

Q3a
12 marks
Q3d
4 marks

Q3a
10 marks

Q3a
12 marks
Q3b
5 marks

Q2f
5 marks
Q3b
3 marks
Q3c
6 marks
Q3d
6 marks

Q1.3
2 marks
Q3a
11 marks

Q3a