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CIMA P2 exam is recognized worldwide as one of the most prestigious and valuable certifications in the field of management accounting. It is a challenging exam that requires candidates to have a deep understanding of management accounting principles and to be able to apply these principles in real-world situations. P2 exam is divided into three sections, each of which focuses on a different aspect of management accounting. Candidates must pass all three sections in order to earn their CIMA P2 certification, and they must also meet certain educational and professional requirements.
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CIMA CIMAPRO19-P02-1 (Advanced Management Accounting) Certification Exam is a professional certification exam offered by the Chartered Institute of Management Accountants (CIMA). It is designed to test the knowledge, skills, and abilities of individuals who wish to pursue a career in management accounting. P2 exam is aimed at individuals who have already completed their CIMA Certificate in Business Accounting and wish to further their knowledge in the field of management accounting.
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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.
Reference: https://planner.cimaglobal.com/proqual/2019/management/P2
CIMA P2 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Managing the Costs of Creating Value | 25% | - Cost planning and analysis
- 1. Cost transformation and continuous improvement
- 2. Activity-based costing and management
- 3. Lean accounting and backflush costing
- 4. Quality and environmental management accounting
- 5. Throughput accounting
|
| Managing Performance of Organisational Units | 30% | - Responsibility accounting and performance measurement
- 1. Behavioural aspects of budgeting and control
- 2. Pricing strategies and customer profitability
- 3. Transfer pricing methods and tax implications
- 4. Variance analysis and profit reconciliation
- 5. Divisional performance measures: ROI, RI, EVA
|
| Risk and Control | 15% | - Decision-making under uncertainty
- 1. Types of risk in medium-term decisions
- 2. Corporate governance and ethical considerations
- 3. Probability analysis and expected values
- 4. Internal control frameworks
- 5. Management control systems
|
| Capital Investment Decision Making | 30% | - Investment appraisal techniques
- 1. Sensitivity and scenario analysis
- 2. Capital rationing and project selection
- 3. Discounted cash flow methods: NPV, IRR, MIRR
- 4. Inflation and project risk
- 5. Relevant cash flows and taxation
|