CIMA P2 Advanced Management Accounting – Free Study Resources
Free Study Resources

In addition to all the free P2 study resources you get when you sign up with Astranti, we’ve put together a selection of free, useful resources from across the web to help you get to grips with every aspect of the CIMA P2 syllabus. 

We’ve organised all the resources according to the different syllabus elements, so if you’re stuck on a particular area you can use these articles to help you out. Click on the images below to take a look.

Remember, when you sign up with Astranti you get lots of FREE material for P2, including a full CIMA Study Text, P2 Exam Practice Kit questions & an P2 Mini Mock exam. 

P2 Cost planning and analysis: Syllabus weighting – 25%

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.

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.

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.


Sign up to access your free CIMA P2 study materials, including: 5 mock exams, comprehensive online study texts, 60 exam practice kit sample questions, strategic study tips email newsletter with regular hints and tips to help you pass your P2 exam.

P2 Control and performance management: Syllabus weighting – 30%


Sign up to access your free CIMA P2 Study Text. Designed to contain all of the P2 syllabus theory that you need to pass your exam, in an easy to follow style, with examples throughout to help your understanding.

P2 Management control and risk: Syllabus weighting – 15%

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.


Sign up to access your free exam practice kit questions for the first two chapters of the P2 syllabus, including 20 revision questions per chapter to aid your learning and 10 exam style questions per chapter to test your knowledge.

P2 Long term decision making: Syllabus weighting – 30%


Sign up now to get instant access to your free mini mock exam for operational objective tests

Other general help & advice

Objective Test Style and Format*

A helpful insight into the different ways the questions will be formatted

Five Steps to Success From CIMA Prizewinners

A helpful insight into the different ways the questions will be formatted

Five Tips on How to Reduce Stress

Tips on how to minimize stress and improve focus leading up to your exams

Top Tips For Revising

An easy blog to read giving helpful advice on how to prepare for CIMA exams

Find more management study materials

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