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CIMA P2 (Advanced Management Accounting) exam is a part of the CIMA Professional Qualification. P2 exam is designed for finance professionals who wish to enhance their knowledge and skills in management accounting. P2 exam covers various advanced topics and techniques related to management accounting, such as costing, budgeting, and performance management. Passing the CIMA P2 exam is essential for those who want to progress in their finance career and become a CIMA member.

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

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CIMA P2 Certification Exam is a globally recognized qualification that focuses on advanced management accounting techniques. Advanced Management Accounting certification covers critical management accounting practices, including costing strategies, value chain analysis, and performance measurement. The CIMA P2 certification exam can help management accounting professionals worldwide to gain the necessary skills and knowledge to lead businesses in strategic planning, management, and decision-making. It is perfect for individuals looking to progress their careers in the field of management accounting.

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CIMA CIMAPRO19-P02-1 (Advanced Management Accounting) Certification Exam is a highly respected and globally recognized certification for professionals in the field of management accounting. Advanced Management Accounting certification validates the proficiency and expertise of individuals in advanced management accounting concepts and techniques, enabling them to hold a competitive edge in the industry.

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CIMA P2 exam is designed to test the candidate’s understanding of the application of advanced management accounting techniques in real-world business scenarios. P2 exam covers topics such as cost management, performance measurement, budgeting, and risk management. These topics are essential for management accountants who want to make informed decisions and contribute to the success of their organizations.

CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Risk and Control15%- Decision-making under uncertainty
  • 1. Management control systems
    • 2. Types of risk in medium-term decisions
      • 3. Corporate governance and ethical considerations
        • 4. Probability analysis and expected values
          • 5. Internal control frameworks
            Managing Performance of Organisational Units30%- Responsibility accounting and performance measurement
            • 1. Transfer pricing methods and tax implications
              • 2. Divisional performance measures: ROI, RI, EVA
                • 3. Pricing strategies and customer profitability
                  • 4. Behavioural aspects of budgeting and control
                    • 5. Variance analysis and profit reconciliation
                      Managing the Costs of Creating Value25%- Cost planning and analysis
                      • 1. Quality and environmental management accounting
                        • 2. Activity-based costing and management
                          • 3. Throughput accounting
                            • 4. Cost transformation and continuous improvement
                              • 5. Lean accounting and backflush costing
                                Capital Investment Decision Making30%- Investment appraisal techniques
                                • 1. Relevant cash flows and taxation
                                  • 2. Sensitivity and scenario analysis
                                    • 3. Inflation and project risk
                                      • 4. Capital rationing and project selection
                                        • 5. Discounted cash flow methods: NPV, IRR, MIRR
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