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  • CIMAPRO19-P02-1: P2 Advanced Management Accounting

CIMAPRO19-P02-1 Exam Questions

Exam Name: P2 Advanced Management Accounting
Exam Code: CIMAPRO19-P02-1
Related Certification(s): CIMA Professional Qualification Certification
Certification Provider: CIMA
Number of CIMAPRO19-P02-1 practice questions in our database: 202 (updated: Nov. 15, 2024)
Expected CIMAPRO19-P02-1 Exam Topics, as suggested by CIMA :
  • Topic 1: Discuss various approaches to the performance and control of organisations/ Managing the Costs of Creating Value
  • Topic 2: Analyse risk and uncertainty associated with medium-term decision-making/ Compare and contrast quality management methodologies
  • Topic 3: Explain the behavioural and transfer pricing issues related the management of responsibility centres
  • Topic 4: Revise and practice questions under exam conditions/ Apply the data required for decision-making
  • Topic 5: Analyse the performance of responsibility centres and prepare reports/ Capital Investment Decision Making
  • Topic 6: Explain the steps and pertinent issues in the decision-making process/ Analyse types of risk in the medium term
  • Topic 7: Apply cost management and cost transformation methodology to manage costs and improve profitability
  • Topic 8: Apply value management techniques to manage costs and improve value creation/ Apply investment appraisal techniques to evaluate different projects
  • Topic 9: Managing and Controlling the Performance of Organizational Units/ Discuss pricing strategies
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Pedro

6 days ago
Passing the CIMA P2 exam was a great achievement, and the Pass4Success practice questions were essential. One question that puzzled me was about the role of activity-based costing in managing the costs of creating value. I wasn't sure how to apply it in a specific scenario.
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Felicitas

8 days ago
Decision-making scenarios are common in P2. Expect questions on relevant costs and revenues for short-term decisions. Pass4Success materials were crucial for my exam success!
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Dong

14 days ago
Wow, that CIMA P2 exam was intense. Glad I used Pass4Success - their questions were really similar to the actual test.
upvoted 0 times
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Casandra

21 days ago
The CIMA P2 exam was tough, but I passed thanks to Pass4Success practice questions. A difficult question involved evaluating a capital investment using NPV and IRR. I had to carefully consider the cash flow projections.
upvoted 0 times
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Justine

1 months ago
Transfer pricing came up a lot in my P2 exam. Be prepared to calculate and explain different methods like cost-plus and market-based. Pass4Success practice questions were spot on for this topic!
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Willie

1 months ago
I couldn't believe I passed the CIMA P2 exam! The Pass4Success practice questions were invaluable. One challenging question asked about identifying and mitigating financial risks within an organization. I was unsure about the best approach to mitigate a specific risk.
upvoted 0 times
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Melinda

1 months ago
P2 was tough, but I made it! Pass4Success really helped me prepare efficiently.
upvoted 0 times
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Justine

2 months ago
Heads up on budgeting questions in P2. They often ask about rolling budgets vs. traditional. Know the pros and cons of each approach. Pass4Success really helped me grasp these concepts quickly.
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Kris

2 months ago
Passing the CIMA P2 exam was a huge relief, and I owe a lot to the Pass4Success practice questions. There was a tricky question on how to measure divisional performance using ROI and RI. I had to think hard about the implications of each measure.
upvoted 0 times
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Lovetta

2 months ago
Just passed my CIMA P2 exam! Cost behavior questions were tricky. Make sure you understand fixed, variable, and mixed costs thoroughly. Thanks Pass4Success for the great prep materials!
upvoted 0 times
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Sunshine

2 months ago
I was thrilled to pass the CIMA P2 exam, and the Pass4Success practice questions were a great help. One question that stumped me was about the different types of cost drivers in managing the costs of creating value. I wasn't entirely sure how to classify certain costs, but I managed to get through it.
upvoted 0 times
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Diane

2 months ago
Just passed the CIMA P2 exam! So relieved. Thanks Pass4Success for the spot-on practice questions!
upvoted 0 times
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Joni

3 months ago
Passing the CIMA P2 Advanced Management Accounting exam was a significant achievement for me, and I attribute my success to using Pass4Success practice questions. The exam delved into topics such as managing the costs of creating value, which required a thorough understanding of cost management principles. One question that I found challenging was related to analysing risk in decision-making processes. Despite my initial uncertainty, I managed to answer it correctly and pass the exam.
upvoted 0 times
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Lorean

4 months ago
My exam experience for the CIMA P2 Advanced Management Accounting exam was intense, but I managed to pass with the assistance of Pass4Success practice questions. The topics of risk and uncertainty associated with medium-term decision-making were crucial in the exam. I remember a question that asked about analysing risk in decision-making processes, which required a deep understanding of the topic. Overall, it was a rewarding experience.
upvoted 0 times
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Vincent

5 months ago
Just passed the CIMA P2 exam! Be prepared for questions on transfer pricing, especially calculating optimal prices in multi-divisional firms. Study economic models and their application in decision-making. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
upvoted 0 times
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Floyd

5 months ago
I recently passed the CIMA P2 Advanced Management Accounting exam with the help of Pass4Success practice questions. The exam covered various approaches to the performance and control of organisations, as well as managing the costs of creating value. One question that stood out to me was related to comparing and contrasting quality management methodologies. It was a challenging exam, but I am glad I passed.
upvoted 0 times
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Free CIMA CIMAPRO19-P02-1 Exam Actual Questions

Note: Premium Questions for CIMAPRO19-P02-1 were last updated On Nov. 15, 2024 (see below)

Question #1

Risk management can be represented as a four step process. The four steps, shown randomly, are:

1. Establish appropriate risk management policies.

2. Risks are identified by key stakeholders.

3. Risks are monitored on an ongoing basis.

4. Risks are evaluated according to the likelihood of occurrence and impact on the organization.

Which of the following is the correct order for the four steps?

Reveal Solution Hide Solution
Correct Answer: D

Question #2

You have just assessed an investment proposal, involving an immediate cash outflow followed by a series of cash inflows over the next 7years, by deducing the NPV and the IRR. You have now discovered that you have

underestimated the discount rate.

Correcting the underestimation will have the following effect, relative to your original deductions:

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Correct Answer: A

Question #3

A company has a 31 December year end and pays corporation tax at a rate of 30%. Corporation tax is payable 12 months after the end of the year to which the cash flows relate. The company can claim tax allowable depreciation at a rate of 25% reducing balance. It pays $1 million for a machine on 31 December 20X4. The company's cost of capital is 10%.

What is the present value of the benefit of the first portion of tax allowable depreciation?

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Correct Answer: D

Question #4

Which TWO of the following are reasons why cost-based approaches to transfer pricing are often used in practice?

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Correct Answer: C, D

Question #5

If transfer prices are set at variable costs, the supplying division does not cover its fixed costs.

Which of the following does NOT resolve this problem?

Reveal Solution Hide Solution
Correct Answer: C

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