The CIMA CIMAPRO19-P02-1 - P2 Advanced Management Accounting exam is part of the CIMA Professional Qualification and is designed for candidates who want to build strong management accounting skills for real business decision-making. It focuses on advanced planning, control, and performance analysis across organizational settings. This exam matters because it helps demonstrate your ability to support strategic decisions with accurate financial insight and practical management techniques.
| # | Exam Topics | Sub-Topics | Approximate Weightage (%) |
|---|---|---|---|
| 1 | Managing the Costs of Creating Value | Cost behaviour analysis, cost drivers, cost control methods, value chain considerations | 25% |
| 2 | Capital Investment Decision Making | Investment appraisal, cash flow evaluation, risk-adjusted decisions, project selection techniques | 25% |
| 3 | Managing and Controlling the Performance of Organisational Units | Performance measurement, responsibility centres, variance analysis, divisional control | 25% |
| 4 | Risk and Control | Internal controls, risk assessment, governance principles, control systems monitoring | 15% |
| 5 | Revision | Integrated review, exam technique, scenario practice, final concept reinforcement | 10% |
This exam tests more than memorization. Candidates must show a clear understanding of management accounting concepts, the ability to apply them to business scenarios, and the skill to interpret data for practical decision-making. Strong analytical thinking, accuracy, and time management are essential for success.
QA4Exam.com provides Exam PDF material with actual questions and answers, plus an Online Practice Test designed to mirror the CIMA CIMAPRO19-P02-1 exam format. This gives you a realistic exam simulation so you can build confidence before test day. The questions are updated and verified, helping you study with content that matches the exam focus more closely. You can also practice time management, improve accuracy, and identify weak areas before the real exam. With consistent practice, you can prepare more effectively and target a first-attempt pass.
It is the CIMAPRO19-P02-1 exam within the CIMA Professional Qualification and covers advanced management accounting topics such as cost management, investment decisions, performance control, and risk.
It is intended for candidates pursuing the CIMA Professional Qualification who want to strengthen their ability to support business decisions with management accounting knowledge.
It can be challenging because it requires applied knowledge, not just theory. Candidates must understand concepts well and use them in scenario-based questions.
Braindumps alone are not the best approach. They are most effective when combined with revision and practice so you understand the logic behind the answers and can handle new question formats.
Hands-on experience is helpful, but focused study can still prepare you well. The exam tests practical application, so understanding how concepts work in real business situations is important.
QA4Exam.com helps by giving you updated questions, verified answers, and a practice test that simulates the real exam. This allows you to improve speed, build confidence, and reduce surprises on exam day.
The Exam PDF contains actual questions and answers for review, while the Online Practice Test lets you practice in an exam-like format to strengthen timing and accuracy.
Retake policies depend on the exam provider and testing rules. It is best to review the official CIMA guidance for the most current retake information.
During a Board meeting at a manufacturing company, concerns regarding the analysing of the current inventory management systems and processes are brought up.
Attendees of the meeting have made several claims and suggestions but the managing director admits that he does not know who to believe and so has asked you to let him know which statements of the following statements are TRUE?
Select ALL that apply.
A project has a positive net present value (NPV) when discounted at a company's weighted average cost of capital (WACC). The project has also been evaluated using a range of other investment appraisal techniques.
It has now been recognized that the project is of much higher risk than the average risk of the company's existing portfolio of projects. It has therefore been decided that the discount rate to be used when evaluating this project should be the WACC adjusted for risk.
As the result of changing the discount rate as described, which of following statements are correct?
Select ALL that apply.
A project requires an initial investment of $160,000 in an asset for which the annual depreciation charge will be $40,000. The forecast profits from the investment are as follows.

What is the payback period for the project in years? Give your answer to two decimal places.
A company is considering investing $150,000 in a project which will generate the following contributions during the first three years.
Tax depreciation allowance is 25% each year of the reducing balance.

The taxation rate is 30% of taxable profits and tax is payable in the year after that in which it arises.
To the nearest $10, what is the forecast total project cash flow in year 3?
Company X is considering the launch of a new product. In order to compete in the market the selling price must be $100 per unit. Company X aims to achieve a sales margin of 25 per cent.
Direct materials cost is $75 for each unit. It takes 15 minutes for workers to assemble each unit. Workers are paid $16 per hour. 5 per cent of paid time is idle. Overheads are absorbed at $6.50 per unit.
What is the value of any cost gap between the forecast total cost and the target cost?
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