P2 exam dumps

CIMA P2 Value Package

(Include: PDF + Desktop Test Engine + Online Test Engine)

  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • No. of Questions: 205 Questions and Answers
  • Updated: Jul 19, 2026

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P2 Desktop Test Engine

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  • Total Questions: 205
  • Updated on: Jul 19, 2026
  • Price: $69.98

P2 PDF Practice Q&A's

  • Printable P2 PDF Format
  • Prepared by CIMA Experts
  • Instant Access to Download P2 PDF
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  • Download Q&A's Demo
  • Total Questions: 205
  • Updated on: Jul 19, 2026
  • Price: $69.98

P2 Online Test Engine

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  • Total Questions: 205
  • Updated on: Jul 19, 2026
  • Price: $69.98

The CIMA P2 exam consists of three questions and lasts for three hours. The questions cover topics such as risk management, strategic management accounting, performance evaluation, and decision-making techniques. Candidates are expected to demonstrate their ability to apply these concepts to realistic business scenarios, and to communicate their findings effectively in written form.

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

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The P2 exam is an essential component of the CIMA professional qualification, providing candidates with a thorough understanding of management accounting principles and practices. It emphasises the importance of planning and control, performance management, and effective decision-making in business, while also testing analytical, problem-solving and communication skills. With adequate preparation and a strong foundation in cost and management accounting, candidates can successfully pass the P2 exam and progress towards becoming a chartered management accountant.

To prepare for the CIMA P2 exam, candidates can take advantage of a range of resources, including study materials, practice exams, and online courses. Candidates can also attend CIMA-approved training courses to get a deeper understanding of the exam content and learn how to apply the techniques in real-world scenarios.

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CIMA P2 Exam Syllabus Topics:

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

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