Instant Download: Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)
Instant Download CIMA : P2 Questions & Answers as PDF & Test Engine
- Exam Code: P2
- Exam Name: Advanced Management Accounting
- Updated: Oct 21, 2026
- No. of Questions: 205 Questions and Answers
- Download Limit: Unlimited
Everything after 'I want to certify' lives in one place at Lead2Passed: a free demo, instant delivery, study-anywhere formats, 365 days of free updates, and a money back guarantee with published conditions. The 205 practice questions for the P2 exam are the core; the service around them covers the rest of your CIMA Advanced Management Accounting journey.
CIMA P2 Exam Overview:
| Certification Vendor: | CIMA (AICPA & CIMA) |
|---|---|
| Exam Name: | Advanced Management Accounting |
| Exam Number: | P2 |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Exam Price: | Varies by region (approx. £116–£180 per exam) |
| Passing Score: | 100/150 (scaled score) |
| Certificate Validity Period: | No expiry for individual passed exam credits within CIMA qualification progression |
| Related Certifications: | CGMA Designation CIMA Operational Level CIMA Certificate in Business Accounting CIMA Management Level |
| Exam Format: | Objective Test (OT), Computer-based exam, Multiple-choice questions |
| Real Exam Qty: | 60 objective test questions |
| Recommended Training: | Kaplan CIMA P2 Preparation CIMA Official Study Resources BPP CIMA Training |
| Exam Registration: | CIMA Official Registration Portal Pearson VUE Exam Booking |
| Sample Questions: | DOWNLOAD DEMO |
| Exam Way: | Computer-based exam delivered at Pearson VUE test centres or via remote online proctoring (where available) |
| Pre Condition: | No formal prerequisite within the Operational Level, but candidates typically complete or are exempt from CIMA Certificate in Business Accounting before progressing. Must complete or be working through Operational Level papers. |
| Official Syllabus URL: | https://www.aicpa-cima.com/cimaexams |
CIMA P2 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Cost Accounting Systems and Techniques | - Learning curves - Absorption and marginal costing - Standard costing and variance analysis - Activity-based costing (ABC) |
| Risk and Uncertainty | - Decision trees - Sensitivity analysis - Probability and expected values |
| Short-term Decision Making | - Limiting factors and linear programming - Relevant costing - Cost-volume-profit (CVP) analysis - Make or buy decisions |
| Budgeting and Forecasting | - Budgeting systems and processes - Beyond budgeting concepts - Rolling forecasts |
| Performance Management | - Divisional performance and transfer pricing - Balanced scorecard - Variance analysis and interpretation |
Everything Candidates Ask About the CIMA P2 Exam
CIMA recommends these training resources for the CIMA Advanced Management Accounting:
Courses give you the map; practice teaches you to drive. Finish any of the options above, then sharpen your readiness with 205 practice questions from Lead2Passed before you schedule the real thing.
On delivery: the download is available the moment your payment clears, and a copy reaches your email within one minute. If 2 hours pass and nothing arrives, check spam and contact our support team. Install the software on as many computers as you need — there is no device limit.
On outcomes: if you take the P2 exam within 60 days of purchase and do not pass, the Lead2Passed money back guarantee applies. File your claim within 2 days of the exam with a scanned enrollment slip and the official score report (PDF); claims are processed within 7 days. The candidate name must match the payer name, and the policy excludes exams taken within 3 days of purchase, purchases never used in an actual exam attempt, free materials, and expired orders. Alternatively, you can exchange the product for two free exam packages of equal value and keep the update service on your original purchase.
The P2 exam gives you 90 minutes to work through 60 objective test questions questions. That pace punishes perfectionism — the candidates who struggle are usually the ones who burned ten minutes on one stubborn item. Train the skill directly: take timed, full-length mocks in the Lead2Passed desktop or online test engine, practice skipping and returning, and walk in with a pacing strategy you have already tested.
No formal prerequisite within the Operational Level, but candidates typically complete or are exempt from CIMA Certificate in Business Accounting before progressing. Must complete or be working through Operational Level papers.
Vendor requirements do change, so before you commit to an exam date, confirm the latest eligibility rules on the official CIMA exam page.
The CIMA Advanced Management Accounting syllabus is split into 5 domains, anchored by Budgeting and Forecasting, Risk and Uncertainty, and Cost Accounting Systems and Techniques. The full breakdown sits in the syllabus section above — treat it as the checklist that decides where your study hours go.
The passing mark for the P2 exam is 100/150 (scaled score), and the official registration fee is Varies by region (approx. £116–£180 per exam). Remember that the fee covers a single attempt — fail, and the retake costs the same again with no loyalty discount. Protect the budget by self-testing first: drill 205 practice questions at Lead2Passed under timed conditions until your scores clear the bar with margin, then register.
The P2 exam, officially the Advanced Management Accounting, is CIMA's benchmark for proving you can work with its technologies in professional settings; passing it awards the CIMA Professional Qualification (CGMA) certification, which sits at the Operational Level (Management Accounting) level. Because the credential is issued by the vendor itself, it carries weight with employers that self-assessed skills simply cannot match. It also opens the road toward CIMA Certificate in Business Accounting, CIMA Operational Level, CIMA Management Level, CGMA Designation.
Yes — Lead2Passed publishes a free PDF demo of the P2 materials so you can check the question quality and verified answers before paying anything. Once you purchase, 365 days of free updates come standard, and if your product expires you can renew the update service at a 50% discount from your member zone.
Registration for the CIMA Advanced Management Accounting runs through the official channels below:
Worth knowing before you book: the P2 exam is delivered Computer-based exam delivered at Pearson VUE test centres or via remote online proctoring (where available).
CIMA Advanced Management Accounting Sample Questions:
SDF is a newly-established production company that is experiencing high staff turnover in its factory.
The production department is studying the manufacturing process and its associated learning curve.
Which of the following statements is correct?
- A. SDF can use the learning curve to determine labor budgets for the remainder of the first year of operation.
- B. SDF's rapid staff turnover means that knowledge of the learning curve has little value.
- C. SDF's staff turnover will affect the learning curve.
- D. SDF's staff turnover will disrupt the observation and measurement of the learning curve.
Correct Answer: D 🗳️
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.
Correct Answer:
$2100
An investment centre is appraising a potential project that is expected to yield a Return on Investment (ROI) of 12%.
Without the project the investment centre expects to earn an ROI of 14%. The cost of capital is 10%.
What would be the impact on the investment centre's performance measures if the project is accepted?
- A. Residual Income would increase and ROI would increase.
- B. Residual Income would decrease and ROI would decrease.
- C. Residual Income would decrease and ROI would increase.
- D. Residual Income would increase and ROI would decrease.
Correct Answer: D 🗳️
The following forecast data relate to the first three years of a five year project.
The project will require an initial investment of $30,000 in non-current assets.
All revenue will be received in the year it is earned and all operating costs will be paid in the year they are incurred. Tax will be paid in the following year.
Tax depreciation will be 25% per annum of the reducing balance.
The taxation rate will be 30% of taxable profits.
What is the forecast after tax cash flow for year 3 (to the nearest $10)?
- A. $46,000
- B. $45,890
- C. $39,750
- D. $38,500
Correct Answer: B 🗳️
Which of the following statements is correct in respect of the key feature of dual pricing?
- A. Internal customers are charged a lower price than external customers to reflect savings in distribution costs.
- B. Internal customers are offered trade discounts depending on the number of units they purchase.
- C. The selling price recorded by the selling division is higher than the cost recorded by the receiving division.
- D. Internal transfers are priced at marginal cost and a lump sum payment is made subsequently to contribute to fixed costs.
Correct Answer: C 🗳️
Viewing page 1 out of 41 pages.
Viewing questions 1-5 out of 205 questions.
100% Money Back Guarantee
Lead2Passed has an unprecedented 99.6% first time pass rate among our customers.
We're so confident of our products that we provide no hassle product exchange.
- Best exam practice material
- Three formats are optional
- 10 years of excellence
- 365 Days Free Updates
- Learn anywhere, anytime
- 100% Safe shopping experience
Over 56368+ Satisfied Customers

1194 Customer ReviewsCustomers Feedback (* Some similar or old comments have been hidden.)
The coverage is about 92%.
Passed P2 test! P2 exam braindumps save me out! Thanks!
Though a few trick questions, i still passed the P2 exam and the exam dumps are valid.
I prepared and passed the P2 exam with these latest P2 practice exam questions. This rehearsal is the best way to evaluate your preparation. I am sure you will pass your exam on the first attempt. Good luck!
The dump contains a good set of questions. I passed my certification with it last month. It proved to be a helpful resource for clearing the P2 exam.
I prepare to do the test quite manageably after completing P2 practice tests.
Thank you team Lead2Passed for the amazing exam preparatory pdf files. Prepared me so well and I was able to get 91% marks in the P2 certification exam.
Very good dump. have new 9 questions. but i still pass exam. Really appreciate.
So excited, I have got a high score in P2 exam test. I will recommend Lead2Passed study material to my friends.
With very less efforts, I practiced the P2 question sets for days and then I passed the exam last week with highest marks 98%. Cheers!
I highly recommend Lead2Passed for every one who wants to pass the P2 exam. Best practise questions and exam testing software. I achieved 91% marks in the first go. Thanks a lot Lead2Passed.
I got a 93% marks in the P2 certification exam. Thanks to the best pdf exam guide by Lead2Passed. Made my concepts about the exam very clear.
Luckily, most of the questions in my exam are from your P2 study materials. I passed my exam today easily. Thanks Lead2Passed!
Lead2Passed is different from from other company. It is really the latest version. I think i will become a loyal customer.
I tried this exam guide for my P2 exam and after my result.
I could not believe that I have passed.
Before I buy the service tell me this dumps pass rate is 85%, the questions are changing, I believe them and the official examination is approaching. Unbelievable. I pass the exam. Very thanks.
Thank you team Lead2Passed for the amazing exam preparatory pdf files. Prepared me so well and I was able to get 92% marks in the P2 exam.
I want to inform that I have passed P2 exams with flying colors. Really valid dump, I will recommend it to my firends.
