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CIMA P2 (Advanced Management Accounting) certification exam is a globally recognized certification that is designed to equip business leaders and finance professionals with the skills and knowledge needed to make effective strategic decisions in today's rapidly changing business environment. Advanced Management Accounting certification is offered by the Chartered Institute of Management Accountants (CIMA), a leading professional body for management accountants.
CIMAPRO19-P02-1 (Advanced Management Accounting) Certification Exam is an essential certification for professionals who are interested in advancing their career in the field of management accounting. It covers a wide range of essential topics and provides candidates with the knowledge and skills needed to succeed in their careers. Passing the exam is a significant achievement and is recognized worldwide by employers and other professional bodies.
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The CIMA P2 exam is designed for individuals who have already completed the CIMA Certificate in Business Accounting or equivalent. P2 exam content is divided into two main sections: section A and section B. Section A consists of questions related to cost management, while Section B covers performance management and strategic management accounting. P2 exam is conducted online and consists of 90 multiple-choice questions to be completed in 3 hours.
Reference: https://planner.cimaglobal.com/proqual/2019/management/P2
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The CIMA P2 exam covers pricing strategies, which are critical to the success of any business. Understanding how to price products and services correctly is a key factor in maximizing profits. In this section, candidates will learn about different pricing models, such as cost-based pricing, target costing, and value-based pricing, and how to apply them in different business scenarios.
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CIMA P2 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Accounting Systems and Techniques | - Standard costing and variance analysis - Learning curves - Activity-based costing (ABC) - Absorption and marginal costing |
| Short-term Decision Making | - Cost-volume-profit (CVP) analysis - Relevant costing - Limiting factors and linear programming - Make or buy decisions |
| Performance Management | - Variance analysis and interpretation - Divisional performance and transfer pricing - Balanced scorecard |
| Risk and Uncertainty | - Decision trees - Sensitivity analysis - Probability and expected values |
| Budgeting and Forecasting | - Budgeting systems and processes - Rolling forecasts - Beyond budgeting concepts |
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