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Download CIMA : P2 Questions & Answers as PDF & Test Software

Last Updated: Sep 07, 2026

No. of Questions: 205 Questions & Answers with Testing Engine

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Reliable & Actual Study Materials for P2 Exam Success

Our Online Test Engine & Self Test Software of TestSimulate P2 actual study materials can simulate the exam scene so that you will have a good command of writing speed and time. Then multiple practices make you perfect while in the real CIMA P2 exam. The package practice version will not only provide you high-quality P2 exam preparation materials but also various studying ways.

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Everyone studies differently, so TestSimulate offers P2 exam preparation material in three formats: a printable PDF, a desktop test engine for Windows, and an online test engine that runs in any browser. All three carry the same 205 practice questions for CIMA Advanced Management Accounting; you simply pick the one that fits your routine.

CIMA P2 Exam Overview:

Certification Vendor:CIMA (Chartered Institute of Management Accountants)
Exam Name:P2 Advanced Management Accounting
Exam Number:CIMAPRO19-P02-1
Exam Format:Drag and Drop, Multiple Choice, Multiple Response, Number Entry, Computer-based Objective Test
Related Certifications:CGMA Designation
Strategic Level Qualification
Operational Level Diploma
Exam Price:Approx £115 / $155 USD / €135 (varies by region)
Real Exam Qty:60
Available Languages:English
Passing Score:70%
Exam Duration:90 minutes
Certificate Validity Period:7 years from registration to complete level; permanent once awarded subject to CPD
Recommended Training:Kaplan Learning
CIMA Official Study Resources
Astranti CIMA
Exam Registration:CIMA Official Registration
Pearson VUE Scheduling
Sample Questions:CIMA P2 Sample Questions
Exam Way:On-demand computer-based test; available at Pearson VUE test centres or online remote proctoring
Pre Condition:Completion of Operational Level (E1, P1, F1) or eligible exemptions; registered CIMA student
Official Syllabus URL:https://www.cimaglobal.com/study-support/syllabus-and-exams/p2/

CIMA P2 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Risk and Control15%- Risk assessment and management
  • 1. Management control systems
    • 2. Ethics and internal control frameworks
      • 3. Types of risk in medium-term decisions
        • 4. Sensitivity analysis and simulation
          Topic 2: Managing the Costs of Creating Value20%- Cost management techniques
          • 1. Activity-based costing and management
            • 2. Value analysis and cost transformation
              • 3. Target costing and lifecycle costing
                • 4. Environmental and quality costing
                  Topic 3: Capital Investment Decision Making35%- Investment appraisal methods
                  • 1. Adjusting for inflation and taxation
                    • 2. Discounted cash flow techniques (NPV, IRR)
                      • 3. Capital rationing and linear programming
                        • 4. Risk and uncertainty in investment decisions
                          Topic 4: Managing Performance of Organisational Units30%- Performance measurement and control
                          • 1. Responsibility centres and divisional performance
                            • 2. Transfer pricing mechanisms
                              • 3. Budgetary control and behavioural aspects
                                • 4. Pricing strategies and customer profitability

                                  P2 Certification Exam — Your Questions, Answered

                                  The P2 exam is the official CIMA exam behind CIMA Advanced Management Accounting — passing it earns you the CIMA Advanced Diploma in Management Accounting, CGMA Professional Qualification certification, a credential positioned at the Management Level level. It is built for candidates who want to validate the skills measured by CIMA Advanced Management Accounting. Depending on your track, the exam is also linked to the Operational Level Diploma, Strategic Level Qualification and CGMA Designation certifications, so one pass can move you toward more than one CIMA credential.

                                  The P2 exam presents 60 questions to be completed within 90 minutes. That pace leaves little room for second-guessing: read each question carefully on the first pass, flag the ones you want to revisit, and keep moving instead of stalling on a single item. Before exam day, run at least one full timed session in the TestSimulate desktop or online test engine with a comparable question load — a steady rhythm under the clock is a trainable skill, and it is often what separates a pass from a near miss.

                                  To pass the P2 exam you need 70%, and the official registration fee is Approx £115 / $155 USD / €135 (varies by region). Keep in mind that a failed attempt means paying that fee again in full — retakes are not discounted. Given the cost, self-test before you book: if you can score comfortably above the passing mark on two or three consecutive timed TestSimulate practice tests, your budget is far better spent on the exam itself than on a retake.

                                  Completion of Operational Level (E1, P1, F1) or eligible exemptions; registered CIMA student Because CIMA revises its certification programs from time to time, treat this as a starting point rather than the final word. Confirm the current eligibility requirements on the official CIMA exam page before you register.

                                  Registration for the P2 exam is handled through the official channels below:

                                  Delivery method: On-demand computer-based test; available at Pearson VUE test centres or online remote proctoring — pick the option that suits you best when booking your slot.

                                  CIMA points CIMA Advanced Management Accounting candidates toward the following official courses:

                                  Official courses build the foundation; pairing them with the 205 P2 practice questions from TestSimulate turns that knowledge into exam-day readiness.

                                  Yes. A free PDF demo of the P2 practice questions is available, so you can check the question style and answer quality before spending anything. Every purchase also includes 365 days of free updates — whenever CIMA adjusts the CIMA Advanced Management Accounting blueprint, your material is refreshed at no cost during that period. After the first year, you can extend the update service at a 50% discount from your member zone.

                                  TestSimulate backs your purchase with a 100% Money Back Guarantee. If you take the corresponding exam within 60 days of purchase and do not pass, you can claim a full refund by submitting a scanned copy of your exam enrollment slip together with the official Score Report PDF within 2 days of your exam date; approved claims are processed within 7 days. The guarantee applies only to the exam matching your purchase, the candidate name must match the payer name, and it does not cover attempts taken within 3 days of purchase, candidates who downloaded the material but never sat the exam, expired orders, or free materials. If you would rather keep preparing, you can exchange the product for two free exam preparation packages of equal value and keep the update service on your original purchase.

                                  Delivery is instant: your download is available right after payment, and a copy is emailed to you within one minute. If nothing arrives within 2 hours, check your spam folder and contact our support team. There is no limit on the number of computers you can install the software on.

                                  The CIMA Advanced Management Accounting syllabus is organized into 4 domains. Among the headline areas are Risk and Control (15%), Capital Investment Decision Making (35%), Managing Performance of Organisational Units (30%). Rather than copying every subtopic here, we keep the complete, current outline in the Exam Topics section above — work through it domain by domain with the TestSimulate P2 practice questions so nothing on the blueprint catches you off guard.

                                  CIMA Advanced Management Accounting Sample Questions:

                                  Question #1

                                  Which of the following statements is TRUE about the activity based costing system when compared to absorption costing method?

                                  • A. ABC will provide more accurate overhead allocation than absorption costing
                                  • B. ABC is easier to administer than an absorption costing system
                                  • C. ABC will be less detailed than an absorption costing system
                                  • D. ABC will cost less to administer than an absorption costing system
                                  Answer: A
                                  Question #2

                                  SkillWeave are an international clothing manufacturer known for their durable and high quality products. Recently their biggest market in the world's premier customs union has had some economic volatility. This has resulted in the currency of this market being very unstable and difficult to predict in terms of whether it will retain, lose or gain relative value to domestic currency.
                                  Which of the following is an effective risk reduction technique for SkillWeave's clothing sales to this region?

                                  • A. Pay part suppliers from the region in domestic currency, generated from sales in the region
                                  • B. Temporarily stop producing for and selling cars to the region
                                  • C. Pay part suppliers from the region in their currency, generated from sales in the region
                                  • D. Buy parts domestically to avoid using the region's currency
                                  Answer: C
                                  Question #3

                                  A manufacturing company has just developed a new product and must now determine the most appropriate pricing strategy for its initial launch.
                                  The product will initially be unique because it will include highly desirable features that no competitive product offers. Its development has involved substantial expenditure and the company wishes to recover this as soon as possible.
                                  The product's uniqueness is expected to last for only six months before a competitor launches a similar product. It is expected that the competitor will avoid any significant development costs by reverse engineering the company's own product.
                                  At that point, to remain competitive, the company must ensure that its selling price matches that of the competitor.
                                  Which of the following pricing strategies would be most suitable for the initial launch of the company's product?

                                  • A. Dual pricing
                                  • B. Penetration pricing
                                  • C. Own label pricing
                                  • D. Market skimming
                                  Answer: D
                                  Question #4

                                  A not-for-profit organization measures performance using the three Es.
                                  If the organization has been acquiring the resources it needs as cheaply as possible it should be described as having been:

                                  • A. Effective
                                  • B. Enterprising
                                  • C. Efficient
                                  • D. Economic
                                  Answer: D
                                  Question #5

                                  Company TTM has the opportunity to invest $60,000 in a project. The project is anticipated to produce annual returns of $12,500 each year for 8 years. The cost of capital is 12%.
                                  What is the net present value of the project? Give your answer to the nearest whole number.

                                  Answer:

                                  $2100

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