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CIMA P2 exam is aimed at individuals who have already completed the CIMA Operational level and are looking to progress to the next level of their certification. P2 exam is divided into two main sections, each comprising of three hours of testing. The first section covers advanced management accounting techniques and the second section focuses on business performance management.
To prepare for the exam, candidates are recommended to take a course in advanced management accounting and study the relevant materials provided by CIMA. They should also practice past papers, which are available on the CIMA website. P2 exam is computer-based and consists of 90 multiple-choice questions. Candidates have three hours to complete the exam, and a score of 70% or higher is required to pass.
Reference: https://planner.cimaglobal.com/proqual/2019/management/P2
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| Section | Objectives |
|---|---|
| Topic 1: Budgeting and Control | - Variance analysis and performance management
|
| Topic 2: Cost Accounting Systems | - Activity-based costing (ABC)
|
| Topic 3: Risk and Uncertainty | - Risk management techniques
|
| Topic 4: Short-term Decision Making | - Pricing decisions
|
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