If you try to get the P1 - Management Accounting Question Tutorial certification that you will find there are so many chances wait for you. You can get a better job; you can get more salary. But if you are trouble with the difficult of P1 - Management Accounting Question Tutorial exam, you can consider choose our CIMAPRO15-P01-X1-ENG exam questions to improve your knowledge to pass P1 - Management Accounting Question Tutorial exam, which is your testimony of competence. Now we are going to introduce our CIMAPRO15-P01-X1-ENG test guide to you, please read it carefully.

DOWNLOAD DEMO

You will spend less time on preparing for the exam by our products

As the saying goes, time is the most precious wealth of all wealth. If you abandon the time, the time also abandons you. So it is also vital that we should try our best to save our time, including spend less time on preparing for exam. Our P1 - Management Accounting Question Tutorial guide torrent will be the best choice for you to save your time. Because our products are designed by a lot of experts and professors in different area, our CIMAPRO15-P01-X1-ENG exam questions can promise twenty to thirty hours for preparing for the exam. If you decide to buy our CIMAPRO15-P01-X1-ENG test guide, which means you just need to spend twenty to thirty hours before you take your exam. By our CIMAPRO15-P01-X1-ENG exam questions, you will spend less time on preparing for exam, which means you will have more spare time to do other thing. So do not hesitate and buy our P1 - Management Accounting Question Tutorial guide torrent.

You have three different versions to choose

According to the different demands from customers, the experts and professors designed three different versions for all customers. According to your need, you can choose the most suitable version of our P1 - Management Accounting Question Tutorial guide torrent for yourself. The three different versions have different functions. If you decide to buy our CIMAPRO15-P01-X1-ENG test guide, the online workers of our company will introduce the different function to you. You will have a deep understanding of the three versions of our CIMAPRO15-P01-X1-ENG exam questions. We believe that you will like our products.

Enjoying 24-hours online efficient service

In order to meet the need of all customers, there are a lot of professionals in our company. We can promise that we are going to provide you with 24-hours online efficient service after you buy our P1 - Management Accounting Question Tutorial guide torrent. We are willing to help you solve your all problem. If you purchase our CIMAPRO15-P01-X1-ENG test guide, you will have the right to ask us any question about our products, and we are going to answer your question immediately, because we hope that we can help you solve your problem about our CIMAPRO15-P01-X1-ENG exam questions in the shortest time. We can promise that our online workers will be online every day. If you buy our CIMAPRO15-P01-X1-ENG test guide, we can make sure that we will offer you help in the process of using our CIMAPRO15-P01-X1-ENG exam questions. You will have the opportunity to enjoy the best service from our company.

CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. XY, a not-for-profit charity organization which is funded by public donations, is concerned that it is not making the best use of its available funds. It has carried out a review of its budgeting system and is considering
replacing the current system with a zero-based budgeting system.
Select ALL the potential advantages AND disadvantages for the charity of a zero-based budgeting system.

A) It discourages a questioning approach by focusing attention not only on the cost of the activity but on the benefits it provides. The charity managers will not articulate the benefits encouraging them to think clearly about the activities.
B) It avoids the complacency inherent in the traditional incremental approach where it is assumed that future activities will be very similar to current ones.
C) Preparation of the decision packages will normally require the environment of many employees. This environment may produce useful ideas and promote job satisfaction.
D) In an organization like a charity, the decision packages are not very disparate and difficult t compare.
E) The creation of decision packages and their subsequent ranking by top management is very time consuming and costly. The charity will need to assess whether the benefits of the system outweigh the costs involved.
F) In applying traditional budgeting, 'activities' may result in functional departments rather than cross functional activities and thus distract attention from the real cost-reduction issues.

2. A company is considering whether to develop an overseas market for its products. The cost of developing the new market is estimated to be $250,000. There is a 70% probability that the development of the new market will succeed and a 30% probability that the development of the new market will fail and no further expenditure will be incurred.
If the market development is successful, the profit from the new market will depend on prevailing exchange rates. There is a 50% chance that exchange rates will be in line with expectations and a profit of $500,000 will be made. There is a 20% chance that exchange rates will be favorable and a profit of $630,000 will be made and a 30% chance that exchange rates will be adverse and a profit of $100,000 will be made.
The profit figures stated are before taking account of the development costs of $250,000.
Use a decision tree to decide whether the company should develop an overseas market for its products.
Select one correct answer.

A) There is a chance to make $506 000 profit.
B) There may be a loss of $110 000.
C) There is 65% chance that the project will fail.
D) The overseas market should not be developed.
E) The overseas market should be developed.
F) There is 70% chance that the project will fail.

3. A company has to choose between three mutually exclusive projects. Market research has shown that customers could react to the projects in three different ways depending on their preferences. There is a 30% chance that customers will exhibit preferences 1, a 20% chance they will exhibit preferences 2 and a 50% chance they will exhibit preferences 3. The company uses expected value to make this type of decision.
The net present value of each of the possible outcomes is as follows:

A market research company believes it can provide perfect information about the preferences of customers in this market.
What is the maximum amount that should be paid for the information from the market research company?

A) $135 000
B) $145 000
C) $125 000
D) $140 000

4. XY can choose from four mutually exclusive projects. The projects will each last for one year and their net cash inflows will be determined by market conditions. The forecast net cash inflows for each of the possible outcomes are shown below.

If the company applies the maximax criterion the project chosen would be:

A) Project A
B) Project D
C) Project B
D) Project C

5. TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:

The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.
Discuss the usefulness of the planning and operational variances calculated for TP's management.
Select ALL the TRUE statements.

A) The use of planning and operational variances will enable TP's management to draw a distinction between variances caused by factors extraneous to the business and planning errors (planning variances) and variances caused by factors that are within the control of management (operational variances).
B) Standards that failed to anticipate known market trends when they were set will reflect faulty standard setting.
C) The purchasing manager's performance can't be compared with the adjusted standards that reflect the conditions the manager actually operated under during the reporting period.
D) If planning and operational variances are not distinguished, there is potential for dysfunctional behavior especially where the manager has been operating efficiently and performance is being judged by factors outside the manager's control. In the case of TP it became evident during the period that the prevailing market prices for materials were significantly less than those set during the budget process.
E) Where a revision of standards is required due to environmental changes that were not foreseeable at the time the budget was prepared, the planning variances are controllable.

Solutions: