If you are planning to take the CIMA P2 Advanced Management Accounting exam, then you have come to the right place. This exam is part of the Professional level of the CIMA qualification, and it is designed to test your knowledge of advanced management accounting techniques and their applications in different business scenarios. In this article, we will cover the exam topics, objectives, exam details, and related books that can help you pass the P2 exam.
Exam Objectives:
- Apply appropriate management accounting techniques to support organisational planning and control decisions.
- Analyse and evaluate information from a variety of sources to support management accounting.
- Identify and evaluate the impact of current developments on the management of organisational performance.
- Identify and evaluate the systems, processes and procedures used to manage resources within organisations.
- Manage and control resources to achieve organisational objectives.
The P2 exam is suitable for individuals who are interested in pursuing a career in management accounting or those who want to enhance their skills and knowledge in this field. To be eligible to take the P2 exam, candidates must have completed the CIMA Certificate in Business Accounting or an equivalent qualification. In addition, candidates must have completed the CIMA Operational level and CIMA Management level exams.
Related Books:
- CIMA P2 Advanced Management Accounting Study Text
- CIMA P2 Advanced Management Accounting Exam Practice Kit
- CIMA P2 Advanced Management Accounting Revision Cards
- CIMA P2 Advanced Management Accounting Exam Questions and Answers
These books are specifically designed to help candidates prepare for the P2 exam. They cover all the exam topics and provide detailed explanations, examples, and practice questions that can help candidates improve their understanding of the subject matter.
Exam Details:
The P2 exam is a three-hour computer-based exam that consists of three sections:
- Section A: 35 objective test questions (OTQs) worth 2 marks each
- Section B: 3 case studies each with 6-7 OTQs worth 2 marks each
- Section C: 1 case study with 3-4 longer type questions worth 10-20 marks each
The passing mark for the P2 exam is 50%. The exam is delivered via Pearson VUE testing centers around the world, and the cost of the exam varies depending on your location. The exam format is computer-based, and candidates are allowed to use a calculator during the exam.
To pass the P2 exam, candidates should focus on understanding the exam topics, applying management accounting techniques to real-world scenarios, and practicing with exam-style questions. They should also make use of study materials such as textbooks, revision cards, and practice exams to reinforce their knowledge and improve their exam performance.