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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: Mar. 26, 2025)
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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Tresa

11 hours ago
Phew! P2 was challenging but I passed. Thanks Pass4Success for the well-targeted practice questions.
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Micaela

11 days ago
Just passed P2! Expect questions on quality management and costs of quality. Know preventive, appraisal, and failure costs. Pass4Success resources were instrumental in my success!
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Herminia

24 days ago
P2 exam tested heavily on target costing. Understand the process and how it differs from traditional costing. Pass4Success practice questions were excellent preparation for this.
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Viola

30 days ago
P2 Advanced Management Accounting - check! Pass4Success, you guys rock for providing such accurate prep materials.
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Nakisha

1 months ago
Variance analysis is crucial for P2. Be ready to calculate and interpret various variances, including mix and yield. Pass4Success materials helped me master this topic quickly.
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Audry

2 months ago
Activity-based costing questions were challenging in P2. Practice allocating overhead costs using multiple cost drivers. Thanks to Pass4Success, I was well-prepared for these!
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Alisha

2 months ago
Just conquered the P2 exam! Pass4Success, your materials were key to my success in such a short time.
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Raul

2 months ago
I passed the CIMA P2 exam, and the Pass4Success practice questions were a huge help. A tough question asked me to evaluate a capital investment decision using payback period and discounted payback period. I had to carefully analyze the timing of cash flows.
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Jamie

2 months ago
P2 exam included several questions on environmental management accounting. Know how to calculate and interpret environmental costs. Pass4Success resources were a lifesaver for this topic!
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Milly

3 months ago
Just passed P2! Lots of questions on cost-volume-profit analysis. Make sure you can calculate break-even points and margin of safety. Pass4Success practice questions were spot on!
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Layla

3 months ago
CIMA P2 done and dusted! Couldn't have done it without Pass4Success's relevant practice questions.
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Jamey

3 months ago
Performance measurement is key in P2. Be ready to analyze and interpret financial and non-financial KPIs. Pass4Success materials were invaluable for my exam preparation.
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Lavonne

4 months ago
The CIMA P2 exam was challenging, but I passed with the help of Pass4Success practice questions. One question that caught me off guard was about the different types of risk controls and their effectiveness. I was unsure about the best control for a particular risk.
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Rana

4 months ago
Risk management questions appeared in my P2 exam. Understand different risk types and mitigation strategies. Pass4Success practice tests really helped me nail this section!
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Margery

4 months ago
Passed P2 today! Pass4Success's practice materials were a lifesaver for quick prep.
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Alex

4 months ago
I was ecstatic to pass the CIMA P2 exam, and the Pass4Success practice questions played a big part. There was a question on how to set performance targets for different organizational units. I had to think about the balance between achievable and challenging targets.
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Shayne

4 months ago
P2 exam tests heavily on pricing strategies. Know cost-plus, market-based, and target costing approaches. Thanks to Pass4Success, I felt well-prepared for these questions.
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Pedro

5 months 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

5 months 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

5 months ago
Wow, that CIMA P2 exam was intense. Glad I used Pass4Success - their questions were really similar to the actual test.
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Casandra

5 months 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.
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Justine

5 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

5 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.
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Melinda

6 months ago
P2 was tough, but I made it! Pass4Success really helped me prepare efficiently.
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Justine

6 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

6 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.
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Lovetta

6 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!
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Sunshine

7 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

7 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

7 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.
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Lorean

8 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.
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Vincent

9 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!
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Floyd

9 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.
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Free CIMA CIMAPRO19-P02-1 Exam Actual Questions

Note: Premium Questions for CIMAPRO19-P02-1 were last updated On Mar. 26, 2025 (see below)

Question #1

A company is investing in a huge diversification project. The plan is to develop and sell a whole new product line that they have never sold before. They've already started a massive marketing campaign for this new

product line and they are getting good feedback in their market research.

They've had to use debt funding in order to finance the project, but they hope that the returns will be worth the investment and restructuring. If they are successful they will be a step ahead of all their competitors and offer

something none of them can.

What is the risk appetite of this company?

Reveal Solution Hide Solution
Correct Answer: A

Question #2

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

Question #3

A company is investing in a huge diversification project. The plan is to develop and sell a whole new product line that they have never sold before. They've already started a massive marketing campaign for this new

product line and they are getting good feedback in their market research.

They've had to use debt funding in order to finance the project, but they hope that the returns will be worth the investment and restructuring. If they are successful they will be a step ahead of all their competitors and offer

something none of them can.

What is the risk appetite of this company?

Reveal Solution Hide Solution
Correct Answer: A

Question #4

Which of the following are TRUE about the theory of constraints? Select ALL that apply.

Reveal Solution Hide Solution
Correct Answer: A, C, D

Question #5

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:

Reveal Solution Hide Solution
Correct Answer: A

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