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CIMA P2 (Advanced Management Accounting) certification exam is a significant test for those who want to become advanced management accountants. It is a challenging exam that requires significant preparation and study. Candidates must be familiar with the principles and concepts of management accounting, cost control, and financial analysis. CIMAPRO19-P02-1 exam is a comprehensive assessment that covers various topics related to management accounting, and it is designed to test the knowledge and skills of candidates in these areas.

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The Chartered Institute of Management Accountants (CIMA) is a globally recognized professional body that offers certification in management accounting. The CIMA P2 (Advanced Management Accounting) exam is part of the institute’s certification program and is designed for individuals who want to enhance their skills in management accounting. CIMAPRO19-P02-1 exam covers a wide range of topics related to management accounting, such as costing, budgeting, performance measurement, and strategic management accounting.

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

To prepare for the CIMAPRO19-P02-1 exam, candidates need to have a solid understanding of the principles of management accounting, financial analysis, and budgeting. They also need to be familiar with various analytical tools and techniques used in management accounting, as well as principles of risk management. Preparation for the exam can involve taking training courses, reading textbooks and studying various cases to understand the principles behind the exam.

One of the key areas covered in the exam is cost accounting systems. This section examines the different types of cost accounting systems that businesses can use, such as job costing, process costing, and activity-based costing. Candidates will need to be able to analyze and design cost accounting systems to effectively manage costs and improve profitability.

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