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CIMAPRO19-P02-1 exam is ideal for individuals who have completed the CIMA Certificate in Business Accounting or equivalent, as it builds on the foundational knowledge acquired in that course. P2 exam consists of four sections, each of which is designed to test the candidate's knowledge and understanding of key management accounting concepts and techniques. Successful completion of the exam demonstrates that the candidate has the necessary skills and knowledge to apply advanced management accounting techniques in a real-world business environment.

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CIMA CIMAPRO19-P02-1 (Advanced Management Accounting) Certification Exam is designed for professionals who are looking to advance their career in management accounting. P2 exam is recognized globally and is highly respected in the industry. Advanced Management Accounting certification is offered by the Chartered Institute of Management Accountants (CIMA), which is a leading professional body for management accountants.

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

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CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Risk and control15%- Risk analysis and control systems
  • 1. Analyse types of risk in the medium term
  • 2. Analyse risk and uncertainty in medium-term decision-making
Topic 2: Capital investment decision-making35%- Investment appraisal and decisions
  • 1. Explain steps and issues in decision-making
  • 2. Apply investment appraisal techniques
  • 3. Discuss pricing strategies
  • 4. Analyse data required for decision-making
Topic 3: Managing the costs of creating value20%- Cost management and value creation
  • 1. Compare and contrast quality management methodologies
  • 2. Apply cost management and cost transformation methodology
  • 3. Apply value management techniques
Topic 4: Managing and controlling the performance of organisational units30%- Performance management and control
  • 1. Analyse performance of responsibility centres
  • 2. Explain behavioural and transfer pricing issues
  • 3. Discuss approaches to performance and control

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