CIMA P2 study guide
CIMA P2 · Work through your exam, one topic at a time.
P2: Advanced Management Accounting is one of the Objective Test exams in the CIMA Professional Qualification, the route through which candidates work towards the CGMA designation. AICPA & CIMA describes the CGMA qualification as sitting within its Management Accounting and Finance offering, aimed at professionals who want to "drive business performance and strategic decision-making". P2 is the management accounting pillar paper: it builds on the operational-level techniques and pushes candidates into decision support, performance evaluation, pricing, risk and control, and the design of management accounting information in more complex, less structured scenarios. It suits candidates who already handle costing, budgeting and variance work and now need to advise on investment, transfer pricing and divisional performance. The CIMA P2 study guide has 4 sections and about 1,566 words.
01Management Accounting: Advanced Costing, Variances and Decision Support
CIMA P2 focuses on advanced cost and management accounting: how costs are built up, how they behave, and how that information supports planning, control and decision making. Expect relevant costing, activity-based and lifecycle costing, variance analysis beyond the basic level, budgeting, transfer pricing and performance measurement.
427 words, about 2 min02Audit & Assurance: Risk, Evidence and Internal Control
This domain tests how assurance is obtained and how risk drives the audit response. You need to link business risk to audit risk, choose procedures that address assertions, and understand internal control and reporting.
374 words, about 2 min03Tax: Principles for Planning, Compliance and Decision Making
Tax appears as a business constraint and a cash-flow variable. You need to compute tax-adjusted profits and cash flows, understand timing differences, and recognise how tax rules affect investment, pricing and financing decisions.
368 words, about 2 min04Technology: Analytics, Automation and Controls in Finance
Technology is tested through its effect on information quality, control and assurance. You need to evaluate data analytics, automation, cloud, cyber risk and emerging tools in the finance function, and explain how they change evidence and control.
397 words, about 2 min