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| Certification Vendor: | CIMA (Chartered Institute of Management Accountants) |
|---|---|
| Exam Name: | Advanced Management Accounting (P2) |
| Exam Number: | CIMAPRO19-P02-1 |
| Real Exam Qty: | 60 (Objective Test questions) |
| Available Languages: | English |
| Certificate Validity Period: | No expiry for passed exam within qualification framework; subject to CIMA syllabus updates |
| Passing Score: | 100/150 (scaled score) |
| Exam Price: | Varies by region (~USD 150–200 equivalent) |
| Exam Duration: | 90 minutes |
| Related Certifications: | CGMA Designation CIMA Certificate in Business Accounting (Cert BA) |
| Exam Format: | Multiple-choice and objective test questions, Computer-based Objective Test (OT) |
| Recommended Training: | Kaplan CIMA Exam Prep BPP CIMA Training |
| Exam Registration: | Pearson VUE Exam Booking CIMA Official Registration Portal |
| Sample Questions: | ![]() |
| Exam Way: | Computer-based exam delivered via Pearson VUE test centers and online proctoring (where available) |
| Pre Condition: | Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent foundational knowledge |
| Official Syllabus URL: | https://www.aicpa-cima.com/cimaexams |
| Section | Objectives |
|---|---|
| Topic 1: Cost Accounting Systems | - Standard costing and variance analysis
|
| Topic 2: Short-term Decision Making | - Pricing decisions
|
| Topic 3: Risk and Uncertainty | - Risk management techniques
|
| Topic 4: Budgeting and Control | - Budgeting systems
|
CIMA Advanced Management Accounting is an official CIMA (Chartered Institute of Management Accountants) exam, catalogued under the code CIMAPRO19-P02-1. A pass awards you the CIMA Professional Qualification (CGMA) certification at the Operational Level level. It also supports progress toward CIMA Certificate in Business Accounting (Cert BA), CGMA Designation. Demand for this credential has stayed strong because it validates skills employers can use from day one.
The CIMA Advanced Management Accounting exam packs 60 (Objective Test questions) questions into 90 minutes. Candidates rarely fail because of one impossible topic; they fail because ten minutes vanished on three stubborn questions. Build a triage habit now: answer, flag, move on, return later. Timed full-length sessions in the ValidDumps test engine are the most honest way to practice that discipline before it counts.
You pass CIMA Advanced Management Accounting at 100/150 (scaled score), and the official registration fee stands at Varies by region (~USD 150–200 equivalent). One detail worth internalizing: there is no retake discount, so a second sitting costs another full Varies by region (~USD 150–200 equivalent). Use the ValidDumps practice tests as your gauge and book only when your results clear the requirement with a repeatable margin, not a one-off peak.
Completion of CIMA Certificate in Business Accounting (Cert BA) or equivalent foundational knowledge
Vendor policies shift over time, so confirm the current entry conditions before paying any registration fee; the official exam page is the authoritative source.
You can sign up for CIMA Advanced Management Accounting through the official registration points listed here.
Regarding format, the exam is delivered Computer-based exam delivered via Pearson VUE test centers and online proctoring (where available).
CIMA (Chartered Institute of Management Accountants) recommends the following training for CIMA Advanced Management Accounting candidates.
Course content builds understanding, but the exam grades answers. Bridge the two with the 205 practice questions in the ValidDumps CIMAPRO19-P02-1 package, and the theory starts converting into points.
Yes. A free demo of the CIMA Advanced Management Accounting material is available on this page, so you can verify the quality of the questions and the expert-edited answers yourself. Once you purchase, updates are free for 365 days and the newest version is emailed to you automatically as it releases; after expiry, extending the update service costs 50% of the regular price.
A 100% money-back guarantee covers your purchase under defined conditions. If you take the CIMA Advanced Management Accounting exam within 60 days of buying and fail, you can claim a full refund, provided the exam matches your product. Attempts within 3 days of purchase are ineligible, as are downloaded-but-unused products, free materials, and expired orders, and the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Alternatively, you may exchange rather than refund: two other exam products of equal value, free, with the update service on your original purchase kept intact.
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CIMA Advanced Management Accounting spans 4 official domains. The most heavily weighted include Budgeting and Control, Risk and Uncertainty, and Cost Accounting Systems. The full topic list is published above on this page; let the weightings decide where your next study hour goes.
Question 1
SQ has the opportunity to invest in project X. The net present value for project X is $12,600. Cash inflows occur in years 1, 2 and 3. The company's cost of capital is 14%.
Calculate the annualized equivalent annuity of project X.
Give your answer to the nearest whole $.
Question 2
A new product is being manufactured for the first time. The first unit required 600 minutes of labor to manufacture. It is expected that there will be a 90% learning curve for the first 20 units.
The learning index for a 90% learning curve is - 0.152.
Calculate the expected labor time to manufacture the 10th unit.
Your answer should be given to the nearest whole minute.
Question 3
To which technique for dealing with risk and uncertainty do ALL of the following statements apply?
* It requires that only one factor is considered at a time.
* It identifies areas which are crucial to a project, which can then be monitored if the project is chosen.
* It does not provide an indication of the likelihood of any change in the factors.
* Following the calculation, it requires the exercising of judgement to decide whether to accept or reject a project.
A. Probability analysis
B. Adjusting the discount rate to reflect risk.
C. Scenario analysis
D. Sensitivity analysis
Question 4
A manufacturing company is in the process of introducing just in time (JIT) and total quality management (TQM) into every aspect of its value chain.
Which TWO of the following are appropriate changes to make to the support activities in the organization's value chain?
A. Procurement would need to arrange to purchase goods so that they are delivered as required.
B. After sales service would need to ensure that appraisal costs are kept to a minimum.
C. Technology development would need to ensure that processes are continually improving.
D. Firm infrastructure would need to arrange appropriate training courses for staff.
E. Inbound logistics would need to ensure that materials of appropriate quality are delivered on a just in time basis.
F. Operations would need to be carried out on a right first time basis as any failure could delay production.
Question 5
A company is deciding whether to invest in project A or project B. A decision tree has been prepared to illustrate the investment decision and its associated possible net present values (NPVs).
Which of the following statements is correct?
A. Project A is more likely to reduce shareholder wealth than to increase it.
B. Project A will generate a positive net present value of $1.3m.
C. A risk neutral decision maker would select project B because it shows less variation of outcomes.
D. decision maker who is risk seeking would select project A.
Solutions:
| Question 1 Answer: Only visible for members | Question 2 Answer: Only visible for members | Question 3 Answer: D | Question 4 Answer: A,C | Question 5 Answer: D |
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