CIMA P2 Q&A - in .pdf

  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • Updated: Aug 21, 2026
  • Q & A: 205 Questions and Answers
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CIMA P2 Q&A - Testing Engine

  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • Updated: Aug 21, 2026
  • Q & A: 205 Questions and Answers
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About CIMA Advanced Management Accounting - P2 Exam Actual Tests

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The CIMA P2 exam is divided into two parts, with the first part covering topics such as cost accounting, budgeting, and performance evaluation. The second part of the exam focuses on more advanced topics such as strategic management accounting, risk management, and investment appraisal. Candidates are required to demonstrate a deep understanding of these topics in order to pass the exam and obtain the advanced diploma.

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CIMA CIMAPRO19-P02-1 (Advanced Management Accounting) Certification Exam is conducted by the Chartered Institute of Management Accountants (CIMA), a prestigious professional body that provides training and certification for management accountants worldwide. P2 exam is computer-based and consists of 90 multiple-choice questions that candidates must complete within three hours.

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

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CIMA P2 Exam Syllabus Topics:

SectionObjectives
Topic 1: Short-term Decision Making- Relevant costing
  • 1. Limiting factor analysis
    • 2. Make or buy decisions
      - Pricing decisions
      • 1. Marginal costing approaches
        • 2. Cost-volume-profit analysis
          Topic 2: Budgeting and Control- Variance analysis and performance management
          • 1. Fixed vs flexible budgets
            • 2. Performance evaluation techniques
              - Budgeting systems
              • 1. Incremental vs zero-based budgeting
                • 2. Rolling budgets
                  Topic 3: Cost Accounting Systems- Standard costing and variance analysis
                  • 1. Planning vs operational variances
                    • 2. Material, labour, and overhead variances
                      - Activity-based costing (ABC)
                      • 1. Cost drivers and allocation
                        • 2. ABC applications in decision making
                          Topic 4: Risk and Uncertainty- Decision making under risk
                          • 1. Expected value and probability analysis
                            • 2. Sensitivity analysis
                              - Risk management techniques
                              • 1. Simulation and scenario analysis

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