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To achieve success in the P2 exam, candidates need to have a solid understanding of cost and management accounting techniques, which are essential for effective decision making in business. Additionally, candidates need to understand the principles and practices of planning and control as well as the importance of performance management in achieving business objectives. CIMAPRO19-P02-1 exam covers key topics such as budgeting, variance analysis, costing methods, performance measurement, and strategic planning.

Reference: https://planner.cimaglobal.com/proqual/2019/management/P2

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CIMAPRO19-P02-1 exam is divided into several sections, with each section focusing on a specific area of management accounting. CIMAPRO19-P02-1 exam is designed to ensure that candidates have a deep understanding of all the concepts and tools required to excel as a management accountant. Passing the exam indicates that the candidate has demonstrated a high level of expertise in the field, indicating to potential employers that they have what it takes to be a valuable asset to their organization.

The CIMA CIMAPRO19-P02-1 exam is conducted online and consists of multiple-choice questions that test a candidate’s understanding of management accounting concepts and their ability to apply these concepts in real-world scenarios. CIMAPRO19-P02-1 exam is timed, and candidates have a set amount of time to complete each section. CIMAPRO19-P02-1 exam is also computer-adaptive, which means that the difficulty level of the questions will adjust based on a candidate’s performance.

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CIMA CIMAPRO19-P02-1 exam is an advanced level accounting exam that is designed to test the candidate's knowledge and skills in management accounting. CIMAPRO19-P02-1 exam is part of the Chartered Institute of Management Accountants (CIMA) qualification program and is a vital step towards becoming a certified management accountant. CIMAPRO19-P02-1 exam focuses on advanced topics such as cost management, performance management, and risk management, making it a rigorous and challenging test for candidates.

CIMA CIMAPRO19-P02-1 Exam Syllabus Topics:

SectionWeightObjectives
Capital investment decision-making35%- Investment appraisal and decisions
  • 1. Explain steps and issues in decision-making
  • 2. Apply investment appraisal techniques
  • 3. Analyse data required for decision-making
  • 4. Discuss pricing strategies
Managing and controlling the performance of organisational units30%- Performance management and control
  • 1. Analyse performance of responsibility centres
  • 2. Explain behavioural and transfer pricing issues
  • 3. Discuss approaches to performance and control
Managing the costs of creating value20%- Cost management and value creation
  • 1. Apply value management techniques
  • 2. Compare and contrast quality management methodologies
  • 3. Apply cost management and cost transformation methodology
Risk and control15%- Risk analysis and control systems
  • 1. Analyse types of risk in the medium term
  • 2. Analyse risk and uncertainty in medium-term decision-making

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