CIMA Advanced Management Accounting : P2

  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • Updated: Oct 06, 2026
  • Q & A: 205 Questions and Answers

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About CIMA P2 Exam

Waiting rooms, train seats, lunch lines: the APP version of the VCETorrent CIMA Advanced Management Accounting material turns scattered leisure time into P2 progress, with the same 205 verified questions on every portable device.

CIMA P2 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:Advanced Management Accounting
Exam Number:P2
Exam Price:GBP £225 - £250 / USD $290 - $320 (varies by region)
Certificate Validity Period:Lifetime validity (subject to CIMA continuing professional development requirements)
Available Languages:English
Exam Duration:90 minutes
Real Exam Qty:60
Passing Score:100/150 scaled score (~67%)
Related Certifications:Strategic Level Qualification
E2 Project and Relationship Management
Management Case Study
Operational Diploma
F2 Advanced Financial Reporting
Exam Format:Drop-down selection, Drag-and-drop, Multiple choice, Multiple response, Fill-in-the-blank / Number entry, Computer-based objective test
Recommended Training:CIMA Official Study Materials
CIMA Learning Support
Exam Registration:CIMA Official Registration
Pearson VUE Booking
Sample Questions:Free Download P2 Exam PDF Torrent
Exam Way:On-demand computer-based test at Pearson VUE test centres or online proctored exam
Pre Condition:Completion of CIMA Operational Level (E1, P1, F1 + Operational Case Study) or recognized equivalent exemptions; can be taken in any order with E2 and F2
Official Syllabus URL:https://www.cimaqualification.com/qualification/management-level/p2-advanced-management-accounting

CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Managing Performance of Organisational Units30%- Responsibility accounting and performance measurement
  • 1. Variance analysis and profit reconciliation
    • 2. Behavioural aspects of budgeting and control
      • 3. Pricing strategies and customer profitability
        • 4. Transfer pricing methods and tax implications
          • 5. Divisional performance measures: ROI, RI, EVA
            Topic 2: Managing the Costs of Creating Value25%- Cost planning and analysis
            • 1. Activity-based costing and management
              • 2. Cost transformation and continuous improvement
                • 3. Throughput accounting
                  • 4. Lean accounting and backflush costing
                    • 5. Quality and environmental management accounting
                      Topic 3: Capital Investment Decision Making30%- Investment appraisal techniques
                      • 1. Relevant cash flows and taxation
                        • 2. Inflation and project risk
                          • 3. Discounted cash flow methods: NPV, IRR, MIRR
                            • 4. Sensitivity and scenario analysis
                              • 5. Capital rationing and project selection
                                Topic 4: Risk and Control15%- Decision-making under uncertainty
                                • 1. Probability analysis and expected values
                                  • 2. Types of risk in medium-term decisions
                                    • 3. Internal control frameworks
                                      • 4. Corporate governance and ethical considerations
                                        • 5. Management control systems

                                          P2 Exam FAQ: Fast Answers for CIMA Candidates

                                          CIMA Advanced Management Accounting is an official CIMA (Chartered Institute of Management Accountants) exam, registered under exam code P2. Passing it earns the CIMA Advanced Diploma in Management Accounting / CGMA Management Level certification at the Management Level level. It also links to E2 Project and Relationship Management, F2 Advanced Financial Reporting, Management Case Study, Operational Diploma, Strategic Level Qualification. As an internationally recognized capacity standard, this credential speaks for your ability wherever your career takes you.

                                          The CIMA Advanced Management Accounting syllabus comprises 4 official domains. The heaviest include Capital Investment Decision Making (30%), Managing Performance of Organisational Units (30%), and Risk and Control (15%). The complete outline is above on this page; a short, efficient study plan starts with knowing exactly where the marks live.

                                          The CIMA Advanced Management Accounting exam packs 60 questions into 90 minutes. Short-term preparation works best when every session is realistic, so run timed simulations in the VCETorrent engine, keep your flag-and-return rhythm tight, and let repeated full-length runs build the pace the clock demands.

                                          CIMA Advanced Management Accounting requires 100/150 scaled score (~67%) to pass, with an official registration fee of GBP £225 - £250 / USD $290 - $320 (varies by region). Retakes bill the full GBP £225 - £250 / USD $290 - $320 (varies by region) again, so speed should never mean gambling. Compress your preparation with the VCETorrent practice tests, and book once your scores clear the requirement reliably.

                                          Completion of CIMA Operational Level (E1, P1, F1 + Operational Case Study) or recognized equivalent exemptions; can be taken in any order with E2 and F2

                                          Policies change, so verify the current requirements before registering on the official exam page.

                                          CIMA Advanced Management Accounting registration goes through the official channels below.

                                          For your schedule planning: the exam is delivered On-demand computer-based test at Pearson VUE test centres or online proctored exam.

                                          CIMA (Chartered Institute of Management Accountants) recommends the following training for CIMA Advanced Management Accounting candidates.

                                          On a short preparation timeline, combine any training with the 205 practice questions in the VCETorrent P2 package to convert learning into scoring ability fast.

                                          Yes to both. VCETorrent provides a free demo of the CIMA Advanced Management Accounting questions so you can verify the quality first, and after purchase the newest practice material is free for one year from the date of your order. When that year ends, extending the update service costs 50% of the regular price.

                                          Your purchase carries a 100% money-back guarantee with defined conditions. Take the CIMA Advanced Management Accounting exam within 60 days of purchase; if you fail, you may claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are processed within 7 days. Alternatively, exchange for two other exam products of equal value, free, with the update service on your original purchase retained.

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                                          CIMA Advanced Management Accounting Sample Questions:

                                          Question #1

                                          A group consists of two divisions, Alpha and Beta, both of which are profit centers. Alpha sells a product to the external market and also sells it as an intermediate product to Beta.
                                          Beta then processes further before selling the final product to the external market. The current group transfer pricing policy requires Alpha to charge Beta with the variable cost of production.
                                          Which of the following statements is valid?

                                          • A. A dual pricing approach to transfer pricing would increase Beta's total profit and reduce Alpha's.
                                          • B. If Alpha has unfulfilled external demand then the transfer price should always be set at variable cost.
                                          • C. A two-part tariff would provide a more effective basis for assessing divisional performance.
                                          • D. Transfer prices only affect the assessment of performance of investment centres, not of profit centres.
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #2

                                          A division of a company transfers all its output to other divisions in the same company.
                                          For this division, which of the following measures is NOT affected by the transfer price that the division uses?

                                          • A. Return on investment
                                          • B. Sales revenue
                                          • C. Cost of components purchased
                                          • D. Operating profit
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #3

                                          SQ has the opportunity to invest in project X. The net present value for project X is $12,600. Cash inflows occur in years 1, 2 and 3. The company's cost of capital is 14%.
                                          Calculate the annualized equivalent annuity of project X.
                                          Give your answer to the nearest whole $.

                                          Reveal Solution  Discussion  0

                                          Correct Answer:

                                          $5429

                                          Question #4

                                          A senior manager is concerned about the dysfunctional consequences of a company's current approach to budget preparation. The senior manager has discovered that budget holders are carrying budgetary slack forward from one period to the next without this being identified or challenged.
                                          Which of the following approaches to budget preparation is the company using?

                                          • A. Activity-based budgeting
                                          • B. Beyond budgeting
                                          • C. Incremental budgeting
                                          • D. Zero-based budgeting
                                          Reveal Solution  Discussion  0

                                          Correct Answer: C  🗳️

                                          Question #5

                                          The following information is available for four investment projects:

                                          A discount rate of 12% is appropriate for all four projects. The organization is subject to capital rationing and wishes to prioritise the projects using the profitability index (PI).
                                          Which project has the highest PI?

                                          • A. Project A
                                          • B. Project D
                                          • C. Project C
                                          • D. Project B
                                          Reveal Solution  Discussion  0

                                          Correct Answer: D  🗳️

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