P2: Advanced Management Accounting
276 questionsP2 advances management accounting into strategic territory, covering cost management techniques, performance measurement and benchmarking, risk management fundamentals, and quality and capital investment decisions. This is the Performance pillar subject at Management level, examined through a 90-minute objective test.
Topics
- Cost Management
- Performance Measurement
- Risk Management
- Quality and Capital Investment
Frequently Asked Questions
What topics are covered in CIMA P2?
P2 covers four areas: cost management (including strategic cost analysis and value chain), performance measurement (balanced scorecard, benchmarking), risk management fundamentals, and quality and capital investment decisions including NPV, IRR, and payback.
How is the P2 exam structured?
P2 is a 90-minute computer-based objective test containing 60 questions. Question types include multiple choice, multiple response, drag and drop, and number entry. It is available on demand at Pearson VUE test centres.
What is the pass mark for P2?
You need to score at least 70% to pass the P2 objective test. Results are available immediately after completing the exam.
How does P2 differ from P1?
P2 takes management accounting concepts from P1 to a more strategic level. While P1 focuses on operational costing and budgeting, P2 covers strategic cost analysis, investment appraisal, and performance measurement systems used by senior management.