P2 Practice Exam - Advanced Management Accounting

Introduction of Cima P2 Exam!

CIMA P2, also known as Advanced Management Accounting, is a professional-level examination that is part of the Chartered Institute of Management Accountants (CIMA) professional qualification. It covers the concepts, tools, and techniques used in advanced management accounting and is designed to assess a candidate's ability to apply their knowledge in a range of business contexts.

What is the Duration of Cima P2 Exam?

The CIMA P2 exam is a two-hour computer-based exam.

What are the Number of Questions Asked in Cima P2 Exam?

There are 100 questions in the CIMA P2 exam.

What is the Passing Score for Cima P2 Exam?

The passing score for the CIMA P2 exam is 50%.

What is the Competency Level required for Cima P2 Exam?

The CIMA P2 exam requires a minimum competency level of ‘Applied’. This means that the candidate should have the ability to apply knowledge and skills to practical business situations.

What is the Question Format of Cima P2 Exam?

The CIMA P2 exam consists of objective test questions (OTQs). These are multiple-choice questions with four answer options. Some questions may have more than one correct answer.

How Can You Take Cima P2 Exam?

The CIMA P2 exam can be taken either online or in a testing center. To take the exam online, you must register for the exam through the CIMA website. Once you have registered, you will be provided with a unique access code that will allow you to access the exam. The exam can be taken at any time and from any location.

To take the exam in a testing center, you must register for the exam through the CIMA website and then select a testing center. Once you have registered, you will be provided with a unique access code that will allow you to access the exam at the selected testing center. The exam must be completed within the allotted time at the testing center.

What Language Cima P2 Exam is Offered?

The CIMA P2 exam is offered in English.

What is the Cost of Cima P2 Exam?

The cost of the CIMA P2 exam is £90.

What is the Target Audience of Cima P2 Exam?

The CIMA P2 Exam is designed for students who have completed the CIMA Operational Level and are looking to progress to the CIMA Strategic Level. It is aimed at professionals who are looking to develop their management accounting skills and knowledge.

What is the Average Salary of Cima P2 Certified in the Market?

The average salary for a CIMA P2 certified professional varies depending on the individual's experience, location, and the company they work for. Generally, salaries for CIMA P2 certified professionals range from $60,000 to $120,000 per year.

Who are the Testing Providers of Cima P2 Exam?

The CIMA Professional Qualification exams are administered by Prometric. Prometric is a global leader in testing and assessment services and provides testing services for a variety of organizations, including professional licensing and certification boards.

What is the Recommended Experience for Cima P2 Exam?

The recommended experience for the CIMA P2 exam is three to five years of experience in a finance or accounting role. It is also recommended that candidates have a good understanding of the core financial and management accounting concepts, as well as a good understanding of the CIMA syllabus. Additionally, candidates should have a good understanding of the CIMA Professional Qualification, including the CIMA Professional Qualification syllabus and the CIMA Professional Qualification Study Guide.

What are the Prerequisites of Cima P2 Exam?

The Prerequisite for Cima P2 Exam is to have passed the Cima P1 Exam or Cima Operational Case Study Exam. You must also have a minimum of two years of relevant work experience.

What is the Expected Retirement Date of Cima P2 Exam?

The expected retirement date of the CIMA P2 exam can be found on the CIMA website at the following link: https://www.cimaglobal.com/qualifications/professional-qualification/p2-advanced-management-accounting/exam-retirement-dates/.

What is the Difficulty Level of Cima P2 Exam?

The difficulty level of the CIMA P2 exam is considered to be medium to difficult. The exam is designed to test a candidate's knowledge and understanding of financial management and risk management. Candidates should be prepared to work through complex calculations and analysis.

What is the Roadmap / Track of Cima P2 Exam?

The CIMA Professional Qualification is made up of three levels: Operational, Management, and Strategic. To become a fully qualified CIMA Professional, you must pass all three levels.

The CIMA Professional Qualification is divided into three levels, each of which consists of three exams:

Operational Level:

• E1: Enterprise Operations
• P1: Performance Operations
• F1: Financial Operations

Management Level:

• E2: Enterprise Management
• P2: Performance Management
• F2: Financial Management

Strategic Level:

• E3: Enterprise Strategy
• P3: Performance Strategy
• F3: Financial Strategy

In order to pass the CIMA Professional Qualification, you must pass all nine exams. The recommended order for taking the exams is as follows:

• E1: Enterprise Operations
• P1: Performance Operations
• F1: Financial

What are the Topics Cima P2 Exam Covers?

The CIMA P2 exam covers a range of topics related to advanced management accounting, including performance management, decision-making, risk management and financial strategy.

1. Performance Management: This topic covers the use of performance management techniques to assess, monitor and improve the performance of an organisation. It includes topics such as Balanced Scorecard, Activity-Based Costing and Economic Value Added.

2. Decision-Making: This topic covers the use of decision-making techniques to analyse and evaluate data and information for decision-making purposes. It includes topics such as Decision Trees, Sensitivity Analysis and Simulation.

3. Risk Management: This topic covers the use of risk management techniques to identify, assess and manage risks. It includes topics such as Risk Identification, Risk Analysis and Risk Mitigation.

4. Financial Strategy: This topic covers the use of financial strategies to manage and improve financial performance. It includes topics such as Financial Analysis, Capital Budgeting and Mer

What are the Sample Questions of Cima P2 Exam?

1. How does a company’s capital structure affect its cost of capital?
2. What is the difference between a hedge fund and a mutual fund?
3. How do you calculate the present value of a perpetuity?
4. What are the advantages and disadvantages of using derivatives to manage risk?
5. What is the purpose of an income statement?
6. What techniques can be used to measure the performance of an organization?
7. How does the liquidity of an asset affect its pricing?
8. What are the differences between a private equity fund and a venture capital fund?
9. How does the cost of debt affect the weighted average cost of capital (WACC)?
10. What is the role of corporate governance in the financial management of a company?