Reading notes is one thing; sitting a timed exam is another. The ActualCollection test engines recreate the pressure of the real CIMA Advanced Management Accounting exam, so the CIMAPRO19-P02-1 testing experience feels familiar long before you book your seat.
CIMA CIMAPRO19-P02-1 Exam Overview:
| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Advanced Management Accounting |
| Exam Number: | P2 |
| Exam Price: | GBP £225 - £250 / USD $290 - $320 (varies by region) |
| Passing Score: | 100/150 scaled score (~67%) |
| Available Languages: | English |
| Related Certifications: | Strategic Level Qualification Management Case Study E2 Project and Relationship Management F2 Advanced Financial Reporting Operational Diploma |
| Certificate Validity Period: | Lifetime validity (subject to CIMA continuing professional development requirements) |
| Real Exam Qty: | 60 |
| Exam Format: | Drop-down selection, Multiple response, Drag-and-drop, Multiple choice, Computer-based objective test, Fill-in-the-blank / Number entry |
| Exam Duration: | 90 minutes |
| Recommended Training: | CIMA Official Study Materials CIMA Learning Support |
| Exam Registration: | Pearson VUE Booking CIMA Official Registration |
| Sample Questions: |  |
| Exam Way: | On-demand computer-based test at Pearson VUE test centres or online proctored exam |
| Pre Condition: | Completion of CIMA Operational Level (E1, P1, F1 + Operational Case Study) or recognized equivalent exemptions; can be taken in any order with E2 and F2 |
| Official Syllabus URL: | https://www.cimaqualification.com/qualification/management-level/p2-advanced-management-accounting |
CIMA CIMAPRO19-P02-1 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Managing the Costs of Creating Value | 25% | - Cost planning and analysis
|
| Managing Performance of Organisational Units | 30% | - Responsibility accounting and performance measurement
|
| Capital Investment Decision Making | 30% | - Investment appraisal techniques
|
| Risk and Control | 15% | - Decision-making under uncertainty
|
Answers Every CIMAPRO19-P02-1 Candidate Should Read First
The CIMA Advanced Management Accounting exam is the official CIMA (Chartered Institute of Management Accountants) test registered under exam code CIMAPRO19-P02-1. Passing it earns you the CIMA Advanced Diploma in Management Accounting / CGMA Management Level certification, a credential at the Management Level level. It is also linked to the related certifications: E2 Project and Relationship Management, F2 Advanced Financial Reporting, Management Case Study, Operational Diploma, Strategic Level Qualification. CIMA (Chartered Institute of Management Accountants) exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The CIMA Advanced Management Accounting exam includes 60 questions to be completed within 90 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the CIMA Advanced Management Accounting exam you need 100/150 scaled score (~67%), and the official registration fee is GBP £225 - £250 / USD $290 - $320 (varies by region). A retake is not discounted: a failed attempt means paying the full GBP £225 - £250 / USD $290 - $320 (varies by region) again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
Completion of CIMA Operational Level (E1, P1, F1 + Operational Case Study) or recognized equivalent exemptions; can be taken in any order with E2 and F2
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Registration for the CIMA Advanced Management Accounting exam goes through the official channels below.
As for the delivery format, the exam is taken On-demand computer-based test at Pearson VUE test centres or online proctored exam.
CIMA (Chartered Institute of Management Accountants) points candidates toward the following training options for CIMA Advanced Management Accounting.
Course work builds the foundation; question practice makes it stick. The 205 practice questions in the ActualCollection CIMAPRO19-P02-1 package let you rehearse each topic under exam-style pressure before the real thing.
Yes. ActualCollection offers a free PDF demo of the CIMA Advanced Management Accounting material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the CIMA Advanced Management Accounting exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.
The official CIMA Advanced Management Accounting syllabus is organized into 4 domains. Key areas include Managing the Costs of Creating Value (25%), Capital Investment Decision Making (30%), and Managing Performance of Organisational Units (30%). The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
CIMA Advanced Management Accounting Sample Questions:
A learning curve applies to the manufacture of the first 256 units of a product.
During the manufacture of the first 255 units, the time taken to produce each successive unit is expected to:
- A. Reduce at an increasing rate.
- B. Reduce at a decreasing rate.
- C. Reach the steady state.
- D. Reduce at a constant rate.
Correct Answer: B 🗳️
A public sector service organization is considering whether to use a balanced scorecard or a value for money approach based on the three Es to assess its performance.
Which of the following are correct comparisons of the balanced scorecard and value for money based on the three Es as performance measurement frameworks?
Select ALL that apply.
- A. Efficiency is measured as one of the three Es but the balanced scorecard does not measure efficiency.
- B. The public's satisfaction with the organization's services can be measured by both the three Es and the balanced scorecard.
- C. The three Es approach was designed for public sector service organizations, but the balanced scorecard approach can also be used in the public sector.
- D. The balanced scorecard is concerned with meeting the organization's objectives whereas the three Es approach is concerned only with reducing costs.
- E. If the organization wishes to consider both financial and non-financial performance then the balanced scorecard should be used rather than the three Es.
Correct Answer: B,C 🗳️
A company has a cost of capital of 12% and a maximum of $20 million to invest. It has identified three possible investment projects, none of which is divisible, as follows.
Which project(s) should the company invest in?
- A. Project 2 only
- B. Projects 1 and 3 only
- C. Project 1 only
- D. Project 3 only
Correct Answer: B 🗳️
An organization has a decentralized structure in which division A supplies division B with an intermediate product for which there is no external market. Division B carries out further processing and then sells the final product on the external market. Due to organizational policy the current transfer pricing basis is variable cost.
The manager of division A has stated, "The current transfer price is unfair because it does not enable us to recoup our costs".
The manager of division B has stated, "The current transfer pricing system enables us to quote competitive prices for the finished product".
The Chief Executive of the organization is considering imposing a transfer pricing policy that uses dual pricing.
Dual pricing would:
- A. involve a lump sum payment to division A in addition to the payment of the variable cost per unit.
- B. be welcomed by both divisional managers.
- C. increase divisional autonomy.
- D. be welcomed by the manager of division A but the manager of division B would resist it.
Correct Answer: B 🗳️
A company has just received the latest in a series of annual payments; this payment was $620. The annual payments are expected to continue for three more years with each payment being increased by the expected rate of inflation. The real cost of capital is 8% per year and the expected rate of inflation is
6% per year.
What is the present value of the future payments the company expects to receive?
Give your answer to the nearest $.
Correct Answer:
$1598
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