CIMA P1 “Operations Performance Management”. Level 1 - course 46,990 rub. from Specialist, training 40 academic hours, date of May 20, 2023.

This course is aimed at training financial and economic specialists in competencies in the field of management accounting, taking into account international requirements and approaches currently widely used in Russian business and management practice business.

This course is part of the CIMA course system, focused on comprehensive training of specialists in order to obtain the international CIMA Certificate “Business Performance Management”, awarded and issued by the International Association of Management Accountants CIMA (Chartered Institute of Management Accountants), whose headquarters are located in London.

The course program corresponds to the training program developed by the International Association of Management Accountants CIMA and includes 2/3 of the examination program for the qualifying exam in the subject P1 “Performance Management operations."

The course is intended for students starting training in CIMA subjects and includes the following main sections of subject P1 “Operations Performance Management”:

- cost accounting systems,
- analysis of deviations,
- budgeting,
- making short-term decisions,
- taking into account risk and uncertainty.

The course is recommended for practicing economists, financial managers (analysts), financial controllers, management accounting specialists, managers financial and economic departments, financial directors, directors of economics and finance, as well as heads of departments and enterprises supervising financial and economic areas.

Upon completion of this course, students will receive basic knowledge and competencies in the field of international management accounting, which will immediately will be able to implement in practice both in terms of maintaining management accounting and in terms of making short-term management decisions, and will also feel the strength and desire to fully study the subject P1 “Operations Performance Management” for the purpose of entering an external qualification exam.

CIMA exams are held twice a year - in May and November.

The CIMA Certificate exams can be taken in any order, but it is recommended to start with exam P1, having mastered the knowledge, methods and skills on the basis of which a more complex stage of preparation for P2 exam. During one examination session, it is possible to take two exams P1 and P2 simultaneously.

The P1 and P2 exams are conducted in computer format at Pearson VUE testing centers over 2 exam sessions - in May and November. Candidates who successfully pass P1 Business Performance Management and P2 Operations Performance Management will receive a Business Performance Management Certificate.

Students register for qualifications independently on the CIMA website. Upon registration, the candidate is assigned an alphanumeric code (CIMA Contact ID), after receiving which you need to register directly for exams through your personal account on the website www.cimaglobal.com

You will learn:
- generate financial results using various methods; compare financial results calculated using the TCA (total cost absorption) method and the Margin-costing method, assess the strengths and weaknesses of these methods;
- establish economic standards for variable and fixed overhead (indirect) costs; establish economic standards in various fields of activity;
- conduct a full analysis of deviations and evaluate performance results using deviations;
- carry out analysis of sales deviations and analysis of cost deviations by product range (assortment) using two alternative methods;
- interpret deviations of performance results from basic (or planned); analyze deviation trends; develop recommendations regarding monitoring activities and - increasing the efficiency of the enterprise; establish acceptable limits of deviations;
- generate management operational reports on deviations in various cost accounting systems (PPZ and Margin-costing);
- compare modern approaches to enterprise management, understand their feasibility in a particular business environment; navigate production management strategy;
- apply the principles of activity-based costing (ABC-costing) in practice; compare ABC-costing with other cost accounting methods; evaluate the strengths and weaknesses of this method;
- make management decisions in conditions of limited resources; keep track of process performance;
- compare traditional accounting systems with modern cost accounting methods; evaluate the strengths and weaknesses of methods; give recommendations on combining methods;
- create budgets with given parameters; compare different approaches to budgeting; apply budgeting in non-commercial contexts; Analyze the consequences of “what if” scenario approaches.
- forecast sales;
- evaluate alternative options for making short-term decisions;
- calculate the break-even sales volume of the product range; make decisions on the sales structure; conduct sensitivity analysis of factors;
- analyze risks using probabilistic analysis and expected values, data tables, maximin, maximax and minimax loss criteria for decision making.