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Candidates who successfully pass the CIMA P2 exam will be awarded the CIMA Advanced Diploma in Management Accounting. This globally recognized qualification will enable them to demonstrate their advanced knowledge and skills to potential employers and career advancement opportunities within the field of management accounting. It also opens up the opportunity to pursue further advanced qualifications, such as the CIMA Strategic level, which covers topics such as business strategy and risk management in more depth.

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CIMA P2 exam is a challenging exam, but it is also rewarding. Passing P2 exam is a significant achievement and is a step towards becoming a qualified management accountant. The knowledge and skills gained from P2 exam are essential for those who wish to progress in their careers and take on more senior roles within their organisations.

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

CIMA CIMAPRO19-P02-1 Exam covers a wide range of topics related to management accounting, including strategic management accounting techniques, cost management, and performance management. Candidates are required to demonstrate their understanding of these topics by answering a series of multiple-choice questions and case study scenarios. P2 exam is divided into two sections, with the first section covering the foundational concepts of management accounting and the second section focusing on more advanced topics.

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CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Managing the costs of creating value20%- Cost management and value creation
  • 1. Compare and contrast quality management methodologies
  • 2. Apply cost management and cost transformation methodology
  • 3. Apply value management techniques
Topic 2: 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
Topic 3: 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
Topic 4: Capital investment decision-making35%- Investment appraisal and decisions
  • 1. Discuss pricing strategies
  • 2. Explain steps and issues in decision-making
  • 3. Analyse data required for decision-making
  • 4. Apply investment appraisal techniques

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