CIMA P2 Objective Test Exam
CIMA P2: Advanced Management Accounting
P2 is one of three management level objective test exams. These exams have to be completed before you can attempt the operational case study exam. Here’s a summary of the P2 module:
“Focusing primarily on the long term, CIMA P2 builds on the insights about costs and their drivers (from P1) to provide the competencies needed to analyse, plan and manage costs to support the implementation of the organisation’s strategy.
It shows how to manage and control the performance of various units of the organisation in line with both short-term and long-term strategy.
P2 covers investment decision making and the risks associated with such decisions. It provides the basis for developing deeper understanding of various types of risk affecting the strategy and operations of organisations (covered in P3).“
See how P2 fits into the whole CIMA syllabus here.
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Syllabus weightings & Assessment strategy
20% – Managing the costs of creating value>
35% – Capital investment decision making
30% – Managing performance of organisational units
15% – Risk and control
You will be assessed through a 90-minute long computerised objective test consisting of 60 equally weighted questions. All learning areas of the syllabus will be covered, therefore it is important that you revise ALL topics for the exam. The topic weighting mentioned above will also be reflected in the test. The pass mark is 70%.
Every exam is randomly generated by a computer, therefore the questions are presented in no specific order and each student takes a different test.
The questions will be formatted in a number of different ways:
- Multiple choice & multiple response questions – You will be required to select the correct answer/answers from the several answers presented to you.
- Drop down questions– You will be asked to select the correct answer from a drop-down list of possible answers.
- Drag and drop questions – You will be asked to move an object/label to another location.
- Hot spot questions – These will require you to identify an area on an image by clicking on it.
Your results will be available as soon as you have finished your test. You will also be given feedback alongside your mark.