CIMA P2 Exam Details & Actual Exam Questions

  • Exam Code/Number: P2
  • Exam Name/Title: Advanced Management Accounting
  • Certification Provider: CIMA
  • Corresponding Certification: CIMA Management
  • Exam Questions: 205
  • Updated On: Sep,13 2026
  • Certification Level: Operational Level

CIMA Advanced Management Accounting Exam Questions

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CIMA P2 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Advanced Management Accounting (P2)
Exam Number:CIMAPRO19-P02-1
Real Exam Qty:60 (Objective Test questions)
Exam Duration:90 minutes
Exam Format:Multiple-choice and objective test questions, Computer-based Objective Test (OT)
Related Certifications:CGMA Designation
CIMA Certificate in Business Accounting (Cert BA)
Available Languages:English
Passing Score:100/150 (scaled score)
Exam Price:Varies by region (~USD 150–200 equivalent)
Certificate Validity Period:No expiry for passed exam within qualification framework; subject to CIMA syllabus updates
Recommended Training:BPP CIMA Training
Kaplan CIMA Exam Prep
Exam Registration:CIMA Official Registration Portal
Pearson VUE Exam Booking
Sample Questions:CIMA P2 Sample Questions
Exam Way:Computer-based exam delivered via Pearson VUE test centers and online proctoring (where available)
Pre Condition:Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent foundational knowledge
Official Syllabus URL:https://www.aicpa-cima.com/cimaexams

CIMA P2 Exam Syllabus Topics:

SectionObjectives
Topic 1: Cost Accounting Systems- Activity-based costing (ABC)
  • 1. Cost drivers and allocation
    • 2. ABC applications in decision making
      - Standard costing and variance analysis
      • 1. Planning vs operational variances
        • 2. Material, labour, and overhead variances
          Topic 2: 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 3: Risk and Uncertainty- Risk management techniques
                  • 1. Simulation and scenario analysis
                    - Decision making under risk
                    • 1. Sensitivity analysis
                      • 2. Expected value and probability analysis
                        Topic 4: 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


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