Understanding function and technical aspects of Analyse performance using financial and nonfinancial information
The following will be discussed in CIMA P1 exam dumps:
- Identify information that can enable managers to review performance
- Identify appropriate KPIs for different functions of the organisation
- Explain company performance using KPIs
- Interpret variances to review functional and organisational performance
- Prepare performance reports for use by different functions and for different purposes in appropriate formats and media
Understanding function and technical aspects of Distinguish Between The Different Rationales For Costing
The following will be discussed in CIMA P1 exam dumps:
- Use appropriate technologies to gather data for costing purposes, from digital and other sources.
- Evaluate the activities (e.g.) evaluate whether more/less materials were used per unit in comparison to the original plan
- Explain costing information to operational and senior management using appropriate formats and media
- Compare different costing methods and systems to determine the most suitable for use by the organisation for different purposes
- Identify the cost information required for digital cost objects
- Control the activities (e.g.) control amount of materials being used for production
- Apply different costing methods to produce costing information
suitable for managers' needs
- Plan the activities (e.g.) plan number of units to produce this year
- Make decisions regarding activities (e.g.) purchase materials required for production
Reference: https://www.cimaglobal.com/Qualifications/Professional-Qualification/Operational-level/
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