CIMA CIMAPRO19-P02-1 exam is composed of three main areas of knowledge: strategic planning and control, performance management, and financial analysis. P2 exam also tests candidates' practical skills in using different data analysis tools, such as Excel, and critically evaluating financial information. Candidates who successfully pass the CIMA CIMAPRO19-P02-1 exam will gain comprehensive knowledge and expertise in key management accounting areas and will be able to provide business leaders with strategic insights and recommendations.
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CIMA P2 exam covers a broad range of topics related to strategic management accounting, including cost management, performance evaluation, and risk management. The syllabus is divided into three main areas: cost accounting systems, decision-making techniques, and risk and control. Students are expected to have a solid understanding of these areas as they are essential for providing effective management accounting advice.
Reference: https://planner.cimaglobal.com/proqual/2019/management/P2
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CIMA P2 Exam Syllabus Topics:
| Section | Objectives |
| Short-term Decision Making | - Pricing decisions
- 1. Marginal costing approaches
- 2. Cost-volume-profit analysis
- Relevant costing
- 1. Limiting factor analysis
- 2. Make or buy decisions
|
| Risk and Uncertainty | - Risk management techniques
- 1. Simulation and scenario analysis
- Decision making under risk
- 1. Expected value and probability analysis
- 2. Sensitivity analysis
|
| Budgeting and Control | - Budgeting systems
- 1. Incremental vs zero-based budgeting
- 2. Rolling budgets
- Variance analysis and performance management
- 1. Performance evaluation techniques
- 2. Fixed vs flexible budgets
|
| Cost Accounting Systems | - Activity-based costing (ABC)
- 1. ABC applications in decision making
- 2. Cost drivers and allocation
- Standard costing and variance analysis
- 1. Planning vs operational variances
- 2. Material, labour, and overhead variances
|