CIMA P2 : Advanced Management Accounting

P2 real exams

Exam Code: P2

Exam Name: Advanced Management Accounting

Updated: Jul 14, 2026

Q & A: 205 Questions and Answers

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About CIMA P2 Exam

CIMA P2 exam is a challenging test that requires significant preparation and study. Candidates must be familiar with the concepts and principles of management accounting, as well as the tools and techniques used in cost control and financial analysis. They must also understand the role of management accounting in decision-making and how to use management accounting information to support strategic decision-making.

CIMAPRO19-P02-1 exam is intended for professionals who want to advance their career in management accounting and demonstrate their expertise in the field. P2 exam is comprehensive and covers a wide range of topics related to management accounting, including budgeting, forecasting, variance analysis, cost-volume-profit analysis, and investment appraisal. P2 exam is designed to test not only theoretical knowledge but also the ability to apply that knowledge in practical situations.

CIMA CIMAPRO19-P02-1 exam is the official certification for Advanced Management Accounting. P2 exam is designed to test the knowledge and skills of individuals who are looking to further their career in finance or accounting. The CIMA CIMAPRO19-P02-1 exam is a rigorous and challenging examination that requires a high degree of analytical and problem-solving abilities.

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CIMA P2 Certification Exam consists of three-hour computer-based exams that assess the candidate's knowledge and understanding of the syllabus. P2 exam format includes objective test questions, case studies, and a mix of multiple-choice and short answer questions. P2 exam is divided into three sections: Section A covers cost planning and analysis, Section B covers budgeting and control, and Section C covers performance measurement and management. To pass the exam, candidates must achieve a minimum of 50% in each section and an overall score of 60%. Advanced Management Accounting certification is recognized globally and is highly valued by employers in the finance and accounting industry.

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

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CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Capital investment decision making20%- Investment appraisal and project evaluation
  • 1. Project selection and ranking
  • 2. Real options and advanced appraisal techniques
  • 3. Capital investment appraisal techniques
  • 4. Risk and uncertainty in investment decisions
Topic 2: Managing the costs of creating value20%- Cost management and cost transformation
  • 1. Process improvement
  • 2. Cost management methodologies
  • 3. Value management
  • 4. Quality management
Topic 3: Risk and control20%- Managing risk and control systems
  • 1. Risk mitigation and monitoring
  • 2. Control frameworks
  • 3. Business risk identification
  • 4. Risk assessment techniques
Topic 4: Managing and controlling the performance of organisational units40%- Performance management
  • 1. Behavioural aspects of control
  • 2. Performance measurement systems
  • 3. Organisational performance reporting
  • 4. Responsibility centres
  • 5. Transfer pricing

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