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Last Updated: Sep 29, 2026

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CIMAPRO19-P02-1 certification is recognized globally and is highly respected in the accounting industry. Earning the certification demonstrates a candidate’s commitment to excellence in management accounting and their dedication to their profession. Advanced Management Accounting certification can also lead to career advancement opportunities, including promotions, salary increases, and access to more challenging job roles.

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

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CIMA P2 (Advanced Management Accounting) exam is an essential step for those who are looking to become a Chartered Management Accountant. P2 exam is designed to test your knowledge and skills in advanced management accounting, and it is a valuable qualification for individuals who want to pursue a career in management accounting. The CIMA P2 exam covers a wide range of topics, including cost accounting, budgeting, and performance management.

CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Capital investment decision making20%- Investment appraisal and project evaluation
  • 1. Capital investment appraisal techniques
  • 2. Project selection and ranking
  • 3. Risk and uncertainty in investment decisions
  • 4. Real options and advanced appraisal techniques
Topic 2: Risk and control20%- Managing risk and control systems
  • 1. Risk assessment techniques
  • 2. Business risk identification
  • 3. Control frameworks
  • 4. Risk mitigation and monitoring
Topic 3: Managing and controlling the performance of organisational units40%- Performance management
  • 1. Performance measurement systems
  • 2. Organisational performance reporting
  • 3. Responsibility centres
  • 4. Behavioural aspects of control
  • 5. Transfer pricing
Topic 4: Managing the costs of creating value20%- Cost management and cost transformation
  • 1. Quality management
  • 2. Process improvement
  • 3. Cost management methodologies
  • 4. Value management

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