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CIMA P2 – Advanced Management Accounting

Master advanced management accounting techniques and pass your P2 exam with confidence. Expert-led, exam-focused and designed for students progressing through the CIMA Management Level.

WHAT YOU'LL LEARN

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Advanced costing techniques

Apply throughput accounting, lifecycle and target costing to complex scenarios.

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Pricing & revenue management

Evaluate pricing strategies and revenue management to maximise performance.

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Risk & uncertainty

Identify, assess and manage risk and uncertainty in accounting decisions.

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Investment appraisal

Evaluate long-term investments using advanced appraisal and real options.

THIS COURSE INCLUDES

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Syllabus Topic Videos

Full HD lecture videos for every P2 topic

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Kit Question Videos

Worked solutions with exam technique guidance

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Chapter-by-Chapter Quizzes

Chapter-by-Chapter Quizzes Graded quizzes with automated feedback

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Exam-Focused Study Notes

Concise notes written for the P2 exam

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Tutor Support via WhatsApp

Direct access to your tutor throughout

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Final Mock Exam

Full exam-style mock with tutor feedback

CIMA P2 Exam Paper Overview

The CIMA Advanced Management Accounting (P2) paper is part of the Management level of the CIMA Professional Qualification and forms the Performance pillar at this stage. The CIMA P2 syllabus builds directly on the foundations introduced in P1, shifting focus from short-term to medium-term decision-making and the management of performance across the organisation. P2 equips students with the advanced costing, pricing, investment appraisal, and performance management skills required to support an organisation's strategy and create value over the medium term.

CIMA P2 Exam Syllabus

The CIMA P2 syllabus covers four key areas: managing the costs of creating value, capital investment decision-making, managing and controlling the performance of organisational units, and risk and control. Students learn advanced costing and pricing techniques, how to appraise long-term investment decisions, how to use responsibility-centre performance measures such as transfer pricing and divisional performance assessment, and how to incorporate risk into medium-term decisions. The P2 syllabus develops both the technical calculation skills and the judgement needed to interpret results for decision-makers.

CIMA P2 Exam Structure

The CIMA P2 exam is a 90-minute computer-based objective test with 60 compulsory questions drawn from across the syllabus. Question types include multiple choice, multiple response, number entry, and drag-and-drop, all equally weighted with no partial marks. Widely regarded as one of the more demanding CIMA papers, the CIMA P2 exam tests both technical competence and the ability to apply advanced techniques to realistic, multi-part business scenarios.

How to Pass CIMA P2 Exam?

To pass CIMA P2, students should master advanced investment appraisal, transfer pricing, and divisional performance management, and build a firm command of the paper's many formulas and techniques. Regular practice of exam-style questions and full mock exams is essential to develop speed and application skills. Key areas to prioritise include capital investment decision-making and performance of organisational units. A strong P1 foundation, consistent revision, and CIMA-approved study materials will help students pass the Advanced Management Accounting paper.

Advanced Management Accounting

This course is for CIMA students preparing for advanced management accounting at management level. It prepares students for the CIMA P2 Advanced Management Accounting exam. Include video lessons, notes, question practice, chapter quizzes, tutor support and final mock practice where included. Show exact access from the pricing card. VLS helps students apply advanced techniques to exam-style questions.  

WHAT'S INCLUDED

Everything you need to pass

Your course package gives you complete access to all the resources, support, and tools you need to study effectively and pass your exam.

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Lecture Videos

Complete syllabus coverage with professional HD lecture videos you can watch at your own pace.

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Complete study notes

Comprehensive, printable study notes structured exactly to the syllabus.

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Chapter quizzes

Chapter-by-chapter quizzes to test your understanding before moving on.

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Preparation Strategy

A structured preparation roadmap tailored to the CIMA syllabus weightings

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Question videos

Extensive worked examples walking through past exam questions step by step.

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Customized study plan

Personalized study plan with mobile app to track your daily progress.

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Tutor support

Active tutor support over WhatsApp groups — ask questions and get answers fast.

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Mock exam

Final mock exam with detailed feedback to prepare you for the real thing.

Frequently Asked Questions

CIMA P2 (Advanced Management Accounting) is a Management-level objective test in the Performance pillar of the CIMA professional qualification. It is for students who have mastered P1 and want to apply advanced costing, investment appraisal and performance management techniques. P2 deepens the toolkit needed for longer-term decision-making and control.

Most students need around 12 to 14 weeks, or approximately 130 to 160 hours, to prepare for the CIMA P2 exam. P2 builds on P1 with more demanding calculations and analysis, so sustained, timed practice is essential. Working through complex questions repeatedly is the surest route to a confident P2 pass.

The CIMA P2 syllabus covers managing the costs of creating value through advanced costing techniques such as activity-based, target and life-cycle costing, capital investment decision-making, managing and controlling the performance of organisational units including transfer pricing and divisional performance, and the role of risk and control in decisions.

P2 is a 90-minute computer-based objective test of around 60 questions at CIMA Management level. It is available on demand all year round at Pearson VUE centres or online via OnVUE. The exam is marked on a scaled score, with a pass mark of 100 out of 150 and no negative marking. Provisional results appear on screen immediately.

You should have passed or be exempt from P1 before sitting P2, as P2 assumes a solid grasp of costing, budgeting and short-term decision-making. The paper then extends those skills to advanced and longer-term techniques. A strong P1 foundation makes the step up to P2 far more manageable.

Capital investment appraisal and divisional performance, including transfer pricing, are among the most heavily tested areas of the CIMA P2 exam. You need to apply techniques such as discounted cash flow accurately and interpret the results for decisions. Thorough practice of investment appraisal and performance questions directly lifts your P2 score.

Students most often fail CIMA P2 by under-practising the more advanced calculations, misapplying performance-measurement techniques, and managing time poorly across the objective test. A weak P1 foundation also shows up quickly in P2. Regular timed practice of complex questions is the most dependable way to pass.

The VLS CIMA P2 course is a self-paced Complete Learning Pack offering HD topic video lectures, exam-focused study notes, worked question-practice videos, chapter quizzes, a customised study planner with a mobile app, and a full mock exam with feedback. You also get active tutor support via WhatsApp. For enrolment or access help, email [email protected].

Course Curriculum

Course Pricing

CIMA P2 - Advanced Performance Management

$175 USD

  • Complete Course With Tutor Support

    • Access and Tutor Support for Six Months
    • Complete Learning Pack With Tutor Support
    • Intensive Testing Including Mock Exam
    • 7-Day Money-Back Guarantee. Get a full refund within 7 days of registration
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