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Module Title
Management Accounting CIMA P1

Cost accounting, Budgeting, Project appraisal, Risk, Short term decisions

SCQF Points20
ECTS Points10
CreatedJuly 2010
ApprovedMay 2014
AmendedAugust 2013
Version No.1

This Version is No Longer Current
The latest version of this module is available here
Prerequisites for Module

To have passed the relevant first year modules or equivalent.

Corequisite Modules


Precluded Modules


Aims of Module

To develop an understanding of costs and drivers of costs in the production, analysis and use of information for decision making in organisations.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1. Discuss costing methods and their results and also the role of quality and environmental costing.
2. Explain and discuss the purposes of forecasts, plans and budgets; prepare forecasts of financial results, discuss budgets based on forecasts, the principles that underlie the use of budgets for control and analyse performance using budgets, recognising alternative approaches and sensitivity to variable factors.
3. Explain concepts of cost and revenue relevant to pricing and product decisions and analyse short-term pricing and product decisions.
4. Analyse information to assess risk and its impact on short term decisions.

Indicative Module Content

As per CIMA P1 2015 Syllabus.

Indicative Student Workload

Contact Hours

Distance Learning
Virtual tutorials

Directed Study

Assessment preparation
Directed question practice
Directed research and reading

Private Study

Private study

Mode of Delivery

The mode of delivery is Distance Learning - with a focus on the use of interactive online activities such as forums and chat rooms.

Assessment Plan

Learning Outcomes Assessed
Component 1 1,2,3,4

Component one is the P1 CIMA Operational level exam.

Indicative Bibliography

1.Guided and timely sources of literature available from the University library according to the subject matter under consideration.

Additional Notes

Core module material provided, includes material from, published by CIMA and Kaplan.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781