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CIMA P2 exam is a challenging and demanding qualification that requires candidates to have a strong understanding of management accounting principles and practices. P2 exam is divided into three sections, each of which focuses on a different area of management accounting. The first section covers cost management and cost accounting techniques, while the second section focuses on budgeting and forecasting. The third section of the exam covers performance evaluation, risk management, and decision-making.

The CIMA P2 exam is divided into two sections, each of which tests candidates' knowledge of different management accounting topics. The first section covers cost management, which includes topics such as cost-volume-profit analysis, activity-based costing, and budgeting. The second section covers performance management, which includes topics such as variance analysis, balanced scorecards, and strategic performance measurement. Candidates must pass both sections of the exam in order to obtain the certification.

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

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Preparing for the CIMA CIMAPRO19-P02-1 exam requires a significant amount of study and practice. Candidates should be familiar with the exam format and content, and should have a solid understanding of management accounting principles and techniques. There are many study resources available, including study guides, practice exams, and online courses.

CIMA P2 Exam Syllabus Topics:

SectionObjectives
Topic 1: Budgeting and Forecasting- Beyond budgeting concepts
- Budgeting systems and processes
- Rolling forecasts
Topic 2: Performance Management- Balanced scorecard
- Variance analysis and interpretation
- Divisional performance and transfer pricing
Topic 3: Cost Accounting Systems and Techniques- Activity-based costing (ABC)
- Standard costing and variance analysis
- Learning curves
- Absorption and marginal costing
Topic 4: Short-term Decision Making- Cost-volume-profit (CVP) analysis
- Make or buy decisions
- Relevant costing
- Limiting factors and linear programming
Topic 5: Risk and Uncertainty- Decision trees
- Sensitivity analysis
- Probability and expected values

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