Paper P1 - Performance Operations

Syllabus outline
  • Cost Accounting Systems

  • Forecasting and Budgeting Techniques

  • Project Appraisal

  • Dealing with Uncertainty in Analysis

  • Managing Short Term Finance

Learning aims
  • Apply both traditional and contemporary approaches to cost accounting in a variety of contexts and evaluate the impact of 'modern' data processing and processing technologies such as MRP, ERP and JIT

  • Explain and apply the principles of standard costing, calculate variances in a variety of contexts and critically evaluate the worth of standard costing in the light of contemporary criticisms

  • Develop budgets using both traditional and contemporary techniques, evaluate both interactive and diagnostic uses of budgets in a variety of contexts and discuss the issues raised by those that advocate techniques 'beyond budgeting'

  • Prepare appropriate financial statements for cost, profit and investment centre managers, calculate appropriate financial performance indicators, assess the impact of alternative transfer pricing policies and discuss the behavioural consequences of management control systems based on responsibility accounting, decentralisation and delegation


There will be a written examination paper of three hours, plus 20 minutes of pre-examination question paper reading time. The examination paper will have the following sections:


Section A – 20 marks
A variety of compulsory objective test questions, each worth between two and four marks. Mini scenarios may be given, to which a group of questions relate.


Section B – 30 marks
Six compulsory short answer questions, each worth five marks. A short scenario may be given, to which some or all questions relate.


Section C – 50 marks
One or two compulsory questions. Short scenarios may be given, to which questions relate.


Course details

Course type:

Only Revision




475 AZN

Fee includes:

 Revision phase, as well as Progress Tests, Mock Exam and  full package of study materials from CIMA-approved publisher (Study Text, Practice and Revision Kit) and coffee breaks.


Total Duration:

20 hours

Week day:





77 Samad Vurghun Street • Officers Park • Baku AZ1022, Azerbaijan

You can get 5% discount by registering at least 30 days prior to the course commencement

The person who wants to get registered can choose one of the following methods:

1. REGISTER ONLINE (for faster and more convenient service)

2. Fax or E-mail: please fill out the Registration Form (PDF) and fax it to (994 12) 437 10 51/61 or e-mail to ipq@grbs.comAfter sending the Registration Form to us our customer service specialists will contact you in 24 hours.


3. Before the course client has a chance to take diagnostic test to determine his or her level of knowledge on relevant course(!). Diagnostic test fee is 40 AZN. In case of register to the course and after signing the contract 40 AZN will be deducted from the payment of the course.


Days of the test:

Monday, Wednesday, Thursday, Friday, Saturday from 19:00 till 20:00.


The seats are limited. Registration is undertaken on first-come-first-served basis; early application and early registration are advised.

Success assurance

We strongly believe that you have the best chance of passing exams if you follow our recommendations of enrolment in Taught+Revision course per each paper you intend to attempt and meet the THREE following conditions:

  1. Attend Taught+Revision course without absences
  2. Get at least 50% on both Progress Tests
  3. Get at least 50% on Mock Exam

If the student fails the exam without meeting all the above conditions, GRBS® will allow him/her to re-sit the course FREE OF CHARGE. In addition, we will PAY the re-sit exam fee for the Student.


If the Students fails exam without meeting all above conditions, then GRBS® will grant him/her a 50% discount for a re-sit course.

T4 and CBA Exams

GRBS® being officially licensed  to organise and administer CBAs by CIMA is pleased to invite you all to sit CIMA Certificate Level (Papers C01-C05) exams as well as T4 (TOPCIMA) Computer Based Exam at GRBS® CBA Center. You can take your CBE at GRBS® CBA Center and schedule a suitable CBA date especially for you.


For more detailed information please click here.
  • If several employees of the same organization/company will participate in the course, offers the following discounts: 4% for 2, 6% for 3,  8% for 4,  10% for 5-10, and even higher discounts for more participants ( for more details ).
  • GRBS® grants incremental 5% discount for each subsequent qualification course attended.
  • 10% discount for persons aged from 16 to 23.
  • GRBS® offers 10% discount for bachelor degree students.
  • Government employees will be given 10% discount.
  • 10% discounts for owners of MYBRAND'S card.
  • GRBS® offers 10% discount for AG Club members.
  • GRBS® offers 10% discount for owners of ISIC card.  
  • 10% discount for Biz Club subscribers
  • 10% discounts for members of Unibank Discount Club
  • 21% discount for soldiers who were demobilized during the last year and 50% discount for every soldier who served at the front.
  • In addition, GRBS® offers extra discounts for people entitled to special benefits granted by The Law of the Republic of Azerbaijan (for more details).


Important notes:

  • Every client can benefit only from one discount offer.
Tell a friend
  • If your friend and/or colleague enrols in CIMA preparatory courses based on your recommendation, you both get 38 AZN subtracted from the course fee.
  • 38 AZN subtraction is applicable solely to CIMA preparatory courses being attended or to be attended in the future.
  • You may recommend not more that two friends and/or colleagues.
  • Only individual clients (the ones who sponsor the participation in the course on their own) are eligible to apply for the programme.
Cancellation policy

The Client must notify the representatives of GRBS International Professional Qualifications verbally or in writing if he/she wishes to cancel the registration, change course dates or switch from one course to another. The notifications must be done at least 7 (seven) business days in advance before the course starts in order to avoid paying cancellation fee of 30% of the course fee. If Client wants to cancel the registration, change course date and switch to another preparatory course he/she has to pay cancellation fee of 100% of the course fee.

For participants from abroad
GRBS® renders additional services: the client's meeting and accompaniment, transfer and accommodation services, cultural and entertainment programmes (for more details).

For more detailed information on CIMA Qualification preparatory courses please


More information on CIMA Certificate in Business Accounting is available at

28 M/St, Baku Central Hub • Pushkin Street, Demir Yol Plaza, 15,16th floors • Baku AZ1010, Republic of Azerbaijan

T: (994 12) 599-00-61 • T: (99412) 599-00-62 • T: (99412) 599-00-63 • T: (99412) 505 10 71 •

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