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Instant Download CIMA : P2 Questions & Answers as PDF & Test Engine

P2
  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • Updated: Sep 03, 2026
  • No. of Questions: 205 Questions and Answers
  • Download Limit: Unlimited
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CIMA CIMAPRO19-P02-1 (Advanced Management Accounting) Certification Exam is conducted by the Chartered Institute of Management Accountants (CIMA), a prestigious professional body that provides training and certification for management accountants worldwide. P2 exam is computer-based and consists of 90 multiple-choice questions that candidates must complete within three hours.

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

CIMA P2 exam covers a broad range of topics, including advanced costing techniques, budgeting and forecasting, performance management, and risk management. Successfully passing P2 exam demonstrates that the candidate has the knowledge and skills required to analyze complex financial data, identify opportunities for improvement, and make strategic business decisions.

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CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Managing the Costs of Creating Value20%- Cost management techniques
  • 1. Activity-based costing and management
    • 2. Value analysis and cost transformation
      • 3. Environmental and quality costing
        • 4. Target costing and lifecycle costing
          Topic 2: Risk and Control15%- Risk assessment and management
          • 1. Ethics and internal control frameworks
            • 2. Types of risk in medium-term decisions
              • 3. Sensitivity analysis and simulation
                • 4. Management control systems
                  Topic 3: Managing Performance of Organisational Units30%- Performance measurement and control
                  • 1. Budgetary control and behavioural aspects
                    • 2. Transfer pricing mechanisms
                      • 3. Responsibility centres and divisional performance
                        • 4. Pricing strategies and customer profitability
                          Topic 4: Capital Investment Decision Making35%- Investment appraisal methods
                          • 1. Adjusting for inflation and taxation
                            • 2. Capital rationing and linear programming
                              • 3. Discounted cash flow techniques (NPV, IRR)
                                • 4. Risk and uncertainty in investment decisions

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