Relevant costs

Article that breaks down relevant costs and how this affects business making decisions.

Marginal costing and pricing

Explains marginal costing and its features, with examples included. This article includes suplimentary information to be used alongside the Study Text for CIMA P2.

ABC vs absorption costing

This video discusses the key differences between Activity Based Costing and traditional costing systems in the context of managerial accounting.

Product life cycle

This video explores the path products take through their lives – Introduction/Birth, Growth, Maturity, and Retirement/Decline. This video also illustrates what choices need to be made at the Decision Point stage of a product’s life.

This is a useful revision video in preparation for your CIMA Objective Test.

Pricing strategies

A five minute video explaining the different types of Pricing Strategies, including pricing penetration, status quo pricing and price skimming.

Value chain

A great article detailing the Value Chain. Explains how businesses receive raw materials as input, add value to the raw materials through various processes, and sell finished products to customers.

This is a useful revision video in preparation for your CIMA Objective Test.

Total quality management

This article includes a core definition of total quality management (TQM) and describes a management approach to long–term success through customer satisfaction.

This is a good introductory revision tool for the CIMA P2 Objective Test.

Customer profitability analysis

A very comprehensive article explaining Customer Profitability Analysis. It includes a definition, value in performing the analysis, any issues and barriers and what to do with the results.

Backflush accounting

Video that defines and describes in detail Backflush Accounting which is commonly used in the Just-in-time theory. Includes useful examples.

Learning experience curve

Video that looks at the learning experience curve and its effect on study state production. Includes useful formulas and examples.

Theory of constraints

This short video explains how the concept of TOC philosophy, which helps companies experience substantial jumps in performance with little or no investment.

Theory of constraints

Detailed example of how the  theory of constraints can be applied when managing bottlenecks.

This is a useful revision article in prepation for your CIMA Objective Test.

Transfer pricing

A short presentation which gives viewers a better understanding of what transfer pricing is, how it can be used by multinationals to avoid tax, how this affects ordinary citizens and introduces the “Arm’s Length Principle” as the key to setting correct transfer prices

Types of responsibility centres

This article defines responsibility centre and the four different types that there are. This article also includes an accounting perspective, which is useful for the P2 exam.

Budgetary control

Article that gives a brief overview of budgetary control and the process that managers follow in a business.

Benchmarking

Discussion of the different ways of performing financial statement analysis including examples of ratio calculations and comparisons.

Decision trees

Definition of decision trees, with diagrams and helpful examples. Good addition to the information covered in the P2 study text.

Standard deviation

Defines standard deviation as a measure of spread. Along with the mean, the standard deviation allows us to determine whether a value is statistically significant or part of expected variation.

Risk management

David Hillson, The Risk Doctor, explains how to structure your risk process by asking (and answering) six simple questions.

PM Chalkboard’s simple explanation of what a risk management is and that risks can be negative or, surprisingly, positive.

Net present value and internal rate return

Explains IRR, PV and NPV in detail using definitions and calculations and examples.

Return on capital employment

Introduction to return on capital and cost of capital. Using these concepts to decide where to invest. This video is a useful addition to the content from the CIMA P2 Study Text.