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Chapter 2 - The Modern Business Environment
8 Lessons-
Start2.1 TQM - Total Quality Management (10:10)
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Start2.2 Kaizen Costing (9:59)
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Start2.3 Quality Costs (14:12)
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Start2.4 JIT - Just in Time (20:18)
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Start2.5 Throughput Analysis (9:47)
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Start2.6 Throughput Practice (10:19)
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Start2.7 BPR - Business Process Reengineering (12:02)
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Start2.8 Practice Questions (25:00)
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CIMA P2 - Advanced Management Accounting
Complete Course With Tutor Support
CIMA P2: Advanced Management Accounting
With a primary focus on the long term, CIMA P2 expands upon P1's insights into costs and their drivers to offer the competencies required for cost analysis, planning, and management in order to support the organization's strategy's implementation.
It demonstrates how to oversee and manage the operations of different organisational units in accordance with both short- and long-term strategies. P2 discusses how to make investing decisions and the hazards involved. It serves as the foundation for gaining a deeper understanding of the numerous risk categories that have an impact on an organization's strategy and operations (covered in P3).
Lecture Videos
Comprehensive yet easy-to-understand lecture videos provide complete coverage of the exam syllabus.
Practice Question Videos
Videos for exam questions from practice kit and previous exam questions. Explanations are included for all answer.
Short Notes
Our exam focused short notes are up to date and well prepared by our experts. These notes are a best for exam revision.
Online Quizzes & Mocks
Online quizzes & Mock Exams help identify knowledge gaps as well as they are a source of quick learning.
Day By Day Study Plan
We offer Day by Day Study Plan for full time students as well as working professionls. Study at your pace.
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Frequently Asked Questions
Topics covered?
The Context of Management Accounting (10%)
Explain the purpose of management accounting and the role of the Management Accountant.
Explain the role of CIMA as a professional body for Management Accountants.
Costing (25%)
Demonstrate cost identification and classification.
Apply absorption costing and marginal costing.
Planning and Control (30%)
Prepare budgets for planning and control.
Apply variance analysis to reconcile budgeted and actual profits in a marginal format.
Calculate appropriate financial and non-financial performance measures.
Prepare accounts and reports for managers.
Decision making (35%)
Demonstrate the impact of risk.
Demonstrate the use of appropriate techniques for short-term decision making.
Demonstrate the use of appropriate techniques for long-term decision making.
What is included in the course package?
Complete syllabus videos
Extensive exam practice questions
Tutor slides
Detailed notes
Online quizzes
Checkpoint progress tests
Essential reading articles
Active tutor support until your exam day
Will I need any other resoucres to prepare for exams ?
Our exam preparation package includes all the resources that you need to prepare and pass your exam. You will not need any other resoucres from any other source.
How will I plan my studies ?
We provide with interactive dynamic study planner. You will use software to create your own study plan by choosing study days, study hours, topics to be covered with courses start and end date. Our mobile app sends you notifications based on the study plan you created for yourself. You can edit or change your planner any time as well as put alarms on certain tasks.
What are the entry requirements ?
In order to study this module, you must have completed one of the following: - CIMA Certificate in Business Accounting - Degree in Business or Accounting - AAT Technician/Diploma Level 4
What is the Study Mode offered ?
This course is offered on a distance learning basis, with access to required study materials and unlimited support from your personal tutor via email. Study at your own pace, wherever and whenever you choose.
How assessment is done ?
Assessment During this course you will complete a number of progress tests and mock exams in preparation for your exam. You will need to sit an exam at the end of this module in order to achieve a pass in the Management Accounting P1 module. You will sit a computer based objective test comprising of a range of questions types. Exams are not included in the cost of this course. You will need to book your exams directly with CIMA.
Course Curriculum
Liliya Kirylenka (FCCA) is a qualified and experienced accounting and finance professional. She has over a decade of experience working in one of the Big Four audit firms in assurance and financial advisory. Liliya has also worked in a senior management position and served in a multinational organization as CFO (Chief Financial Officer) She has excellent proven track record as an accounting professional.
Liliya Kirylenka is a nationwide position holder in her ACCA professional qualification in ACCA AFM (P4) exam. Since 2017, she has been teaching different papers from ACCA qualification. She has profound interest in Financial Management, Performance Management and Financial Reporting.
Course Fee
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$99 USD
Complete Course With Tutor Support
Buy Now - Access and tutor support for six months
- Detailed video lectures on complete syllabus
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