The course includes many practical cases and involves a lot of calculations.
ONLINE
The CIMA P1 module is 1 of 2 stages of the Diploma in Performance Management program, a qualification aimed at developing the skills to make effective management decisions using the full range of financial and non-financial information. To obtain the DipPM Diploma, candidates must pass two exams in English for Modules P1 Management Accounting and P2 Advanced Management Accounting.
CIMA DipPM qualification is designed for financial professionals developing their careers in management accounting and reporting, budgeting and planning, corporate finance management (Treasury employees), for professionals whose work is related to the financial analysis of the company's activities, as well as managers of other functional units that accept participation in making management decisions related to investments, planning and implementation of projects, budgetary control, etc.
CIMA P1 stresses the importance of costs and the drivers of costs in the production, analysis and use of information for decision making in organisations. The time focus of P1 is the short term. It covers budgeting as a means of shortterm planning to execute the strategy of organisations. In addition it provides competencies on how to analyse information on costs, volumes and prices to take short-term decisions on products and services and to develop an understanding on the impact of risk to these decisions. P1 provides the foundation for cost management and the long-term decisions covered in P2.
The P1 course program covers the following topics: cost accounting systems - 30%, budget and budgetary control - 25%, short term decision making - 30%, dealing with uncertainty in the short term - 15%. After the training program learning, you will:
Duration: 9 lessons (72 a.h.)
Lesson 1. Principle of the absorption costing. Principles of the marginal (or variable) accounting method. Profit reconciliation. Activity-based costing ABC. Joint production cost accounting. Theory of constraints and throughput accounting. Digital cost accounting.
Lesson 2. Standard costing method. Establishing standards for the service industry. Accounting for basic variance.
Lesson 3. Cost variance by mix and material yield. Cost variance by assortment and quantity of sales. Planned and operational variances. Interpretation of variances. Models of variance research.
Lesson 4. Budgeting for performance measurement. Production budgets. Cash budgets. Flexible budgets.
Lesson 5. Big data. Scenario planning and stress testing of budgets. Budgeting for planning purposes. Linear regression analysis. Time series. Detection and anticipatory control.
Lesson 6. Relevant costs. Short-term decision making. Breakeven analysis for a single product and for a multi-product line. Limitations of break-even analysis.
Lesson 7. Analyzing limiting factors. Shadow price. Linear programming: graphical method.
Lesson 8. Risk and uncertainty. Probability distribution. Decision tree. Standard variance. Criteria of maximax, maximin and minimax regret. Sensitivity analysis.
Lesson 9. Mock exam. Review of all topics of the course.
CIMA Tutor since 2013. Finalist of CIMA ENGAGE EUROPE Finance Awards 2021 in "the Tutor of the Year" nomination (top-7). Vasiliy has extensive tutoring experience and also teaches courses in Financial Management, IFRS, Enterprise Finance, Business Planning at the MBA programme. He supervises MBA business planning master's dissertations in Russian and English. Vasily has worked in retail, finance and consultancy in large companies.
Lessons are conducted ONLINE in real time on the ZOOM platform. Trainees can communicate with the tutor and colleagues and ask clarifying questions during the training. A virtual whiteboard is used to demonstrate calculations, graphs and diagrams during each lesson. A presentation with the main ideas of each topic is shown. Study materials, practical tasks and tests, CIMA books are provided. After the lesson all participants receive a video recording of the lesson and an informative and comprehensive notes from the tutor. The training process includes testing on each topic to consolidate the material covered and to practice solving exam tasks. Each student is given access to a personal account of the learning system with the ability to monitor progress.
CIMA training in Georgia. Courses, test, exam, qualification, certificate | HOCK
Students will need to pass two exams - P1 "Management Accounting" and P2 "Advanced Management Accounting". Candidates take the exams in English online or in authorized Pearson VUE centers in a computer-based testing format. CIMA P1 and P2 exams are available on demand throughout the year. The tests contains 60 questions, including multiple choice short questions, number-filling questions, and other formats. Exam duration: 90 min. Pass mark - 100 out of 150. Registration for the exams is through an accredited CIMA Dip PM programm provider.
graduates will receive the designation CIMA Dip PM along with their diploma. Students who successfully complete the CIMA Diploma in Performance Management can progress straight to the Management Case Study level (subject to additional fee). After passing the Management Case Study exam students will gain the CIMA Adv Dip MA designation as well as their paper diploma. Students can then progress to the Strategic level of the CIMA Professional Qualification.
Hock International LLC
34 Chavchavadze st, Business centre Pixel, Tbilisi
Mon-Fri: 9:00-18:00
© 2025 HOCK international