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The P1 exam focuses on management accounting techniques and their application in a variety of business contexts. It tests the understanding of key principles in cost accounting, budgeting, decision-making, and performance management.
The P1 exam is typically 3 hours long, providing sufficient time to complete the multiple-choice questions and written responses.
The exam consists of two sections: multiple-choice questions and a series of longer, more detailed case study-style questions.
Candidates must have passed the CIMA certificate in business accounting or a recognized equivalent before attempting the P1 exam.
A valid photo ID, such as a passport or national ID card, is required for exam verification at the test center.
You can retake the P1 exam as many times as needed, but each retake requires a separate exam fee and must be scheduled in accordance with CIMA’s policies.
Yes, there is typically a 24-hour waiting period before retaking the P1 exam, though this can vary based on exam center availability.
TESTED 30 Jan 2025
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