CIMA P2 Q&A - in .pdf

  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • Updated: Oct 30, 2026
  • Q & A: 205 Questions and Answers
  • PDF Price: $59.99
  • Printable CIMA P2 PDF Format. It is an electronic file format regardless of the operating system platform.
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CIMA P2 Q&A - Testing Engine

  • Exam Code: P2
  • Exam Name: Advanced Management Accounting
  • Updated: Oct 30, 2026
  • Q & A: 205 Questions and Answers
  • Install on multiple computers for self-paced, at-your-convenience training.
  • PC Test Engine Price: $59.99
  • Testing Engine

CIMA P2 Value Pack (Frequently Bought Together)

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About CIMA P2 Exam Actual tests

An unearned certificate is worthless, and an unprepared attempt is expensive. Prep4sureGuide prepares you for the CIMA Advanced Management Accounting exam with 205 practice questions for the P2 exam and verified answers — no shortcuts, just solid, efficient study.

CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Risk and Control15%- Risk assessment and management
  • 1. Ethics and internal control frameworks
    • 2. Types of risk in medium-term decisions
      • 3. Sensitivity analysis and simulation
        • 4. Management control systems
          Managing Performance of Organisational Units30%- Performance measurement and control
          • 1. Budgetary control and behavioural aspects
            • 2. Pricing strategies and customer profitability
              • 3. Responsibility centres and divisional performance
                • 4. Transfer pricing mechanisms
                  Capital Investment Decision Making35%- Investment appraisal methods
                  • 1. Discounted cash flow techniques (NPV, IRR)
                    • 2. Risk and uncertainty in investment decisions
                      • 3. Capital rationing and linear programming
                        • 4. Adjusting for inflation and taxation
                          Managing the Costs of Creating Value20%- Cost management techniques
                          • 1. Environmental and quality costing
                            • 2. Target costing and lifecycle costing
                              • 3. Value analysis and cost transformation
                                • 4. Activity-based costing and management

                                  The Questions P2 Candidates Ask Prep4sureGuide Most

                                  The P2 exam is CIMA's official certification test — passing it earns the CIMA Advanced Diploma in Management Accounting, CGMA Professional Qualification credential at the Management Level level. It demands genuine, working knowledge rather than theory alone, which is why candidates who prepare casually tend to stumble. It also feeds into related credentials such as Operational Level Diploma, Strategic Level Qualification, CGMA Designation, extending its value beyond one certificate.

                                  Protection and delivery, both in writing. Delivery: the P2 product reaches your mailbox within one minute of payment; if nothing arrives within 2 hours, check spam and contact support for an immediate resend. Refund: sit the corresponding P2 exam within 60 days of purchase, and if you fail, apply with a scanned enrollment slip and the official Score Report PDF within 2 days after the exam — refunds complete within 7 days. The policy covers the corresponding exam only; attempts within 3 days of purchase, exams never actually taken, free materials, and expired orders are excluded, and the candidate name must match the payer name. Prefer to keep going? Exchange your product for two free exam products of equal value instead — the update service on your original purchase stays active.

                                  CIMA recommends these training options:

                                  Formal training fills the gaps; the 205 practice questions for the P2 exam from Prep4sureGuide then sharpen them into exam-ready skill.

                                  The CIMA Advanced Management Accounting exam costs Approx £115 / $155 USD / €135 (varies by region) per attempt, with 70% as the passing mark. Fail, and Approx £115 / $155 USD / €135 (varies by region) is payable again — the price of walking in half-prepared. A practical safeguard: practice with Prep4sureGuide until your timed mock results clear 70% comfortably, then book the P2 exam.

                                  Note that delivery of the exam itself is via On-demand computer-based test; available at Pearson VUE test centres or online remote proctoring.

                                  Completion of Operational Level (E1, P1, F1) or eligible exemptions; registered CIMA student Eligibility requirements come from CIMA and can be revised, so confirm the current rules on the official exam page: https://www.cimaglobal.com/study-support/syllabus-and-exams/p2/ before committing to a CIMA Advanced Management Accounting registration.

                                  The CIMA Advanced Management Accounting exam is organized into 4 knowledge areas, with Managing the Costs of Creating Value (20%), Managing Performance of Organisational Units (30%), Capital Investment Decision Making (35%) among the most significant. Allocate study time to match those weights, and see the outline section above for the complete list.

                                  60 questions in 90 minutes — that is the CIMA Advanced Management Accounting exam in numbers. The per-question budget is tight, and hesitation is what eats it. Train the pace deliberately: run full timed simulations in the Prep4sureGuide engine, practice committing to an answer and moving on, and the real P2 exam will feel familiar instead of frantic.

                                  You can — the Prep4sureGuide free demo covers the CIMA Advanced Management Accounting material, so download some sample questions and answers first and judge quality yourself. Once you buy, 365 days of free updates are included; after that period, extend the update service at a 50% discount from your member zone.

                                  CIMA Advanced Management Accounting Sample Questions:

                                  Question #1

                                  A company makes three products, E, F and G. Total overheads for the year are expected to be $1.2 million, with the following split between cost pools:
                                  Cost driver information has been estimated as follows:

                                  The company plans to make 10,000 units of product E in the year, with an expected direct cost of $0.60 per unit. This annual production of product E is expected to require 20 quality inspections, 28 purchase requisitions, and 400 kilogrammes of materials.
                                  What is the overhead cost per unit of product E?

                                  • A. $4.17
                                  • B. $3.57
                                  • C. $0.70
                                  • D. $0.10
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

                                  Question #2

                                  $30.328 million is to be invested in a project that will yield annual net cash inflows of $8 million for 5 years.
                                  What is the project's internal rate of return (IRR)?
                                  Give your answer to the nearest whole percentage.

                                  Reveal Solution  Discussion  0

                                  Correct Answer:

                                  9 %, 10 %, 11
                                  %

                                  Question #3

                                  Which of the following are TRUE about the theory of constraints? Select ALL that apply.

                                  • A. Relieve all the constraints in a system simultaneously to ensure optimality
                                  • B. Ensure that each constraint is being used efficiently
                                  • C. Each resource should be put to its most profitable use
                                  • D. Relieve constraints until the cost of relieving the last constraint exceeds the benefit
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B,C,D  🗳️

                                  Question #4

                                  A supermarket group has experienced operational problems during recent years, including a shortage of warehousing space due to increasing turnover and poor inventory management. The product portfolio has expanded considerably. Although this has led to increased sales volume, marketing and logistics costs have increased disproportionately. Non product-specific costs have also increased significantly.
                                  Management is now considering using Direct Product Profitability (DPP).
                                  Which of the following statements are valid in respect of the possible implementation of DPP within the supermarket group?
                                  Select ALL that apply.

                                  • A. DPP should result in improved management of storage space.
                                  • B. DPP should result in improved supplier relationships.
                                  • C. DPP requires non product-specific costs to be apportioned rather than allocated.
                                  • D. DPP should result in improved pricing decisions.
                                  • E. DPP provides summary information on the profitability of each customer group.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,B,D  🗳️

                                  Question #5

                                  A manufacturing company has recently introduced a Total Quality Management (TQM) system. The company has invested heavily in the education and training of its staff, in addition to implementing new product design engineering. There is a plan to sample units from each batch of products manufactured to test for errors, although this has not yet been implemented due to budget constraints.
                                  The company is experiencing high levels of customer complaints, with many faulty units being returned by the customer for refund or replacement. Sales revenue has fallen recently, mainly due to negative press coverage linked to dissatisfied customers.
                                  Select the statement MOST likely to apply.

                                  • A. The high level of internal failure costs is the result of a lack of expenditure on prevention costs.
                                  • B. The high level of internal failure costs is the result of a lack of expenditure on appraisal costs.
                                  • C. The high level of external failure costs is the result of a lack of expenditure on appraisal costs.
                                  • D. The high level of external failure costs is the result of a lack of expenditure on prevention costs.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

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