- Exam Code: CIMAPRO19-P02-1
- Exam Name: Advanced Management Accounting
- Updated: Oct 10, 2026
- Q & A: 205 Questions and Answers
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| Certification Vendor: | Chartered Institute of Management Accountants (CIMA) |
|---|---|
| Exam Name: | P2 Advanced Management Accounting |
| Exam Number: | CIMAPRO19-P02-1 |
| Related Certifications: | Advanced Diploma in Management Accounting (CIMA Adv Dip MA) CIMA Professional Qualification – Management Level |
| Exam Duration: | 90 minutes |
| Real Exam Qty: | 60 |
| Passing Score: | 70% (objective test pass standard) |
| Exam Format: | Drag and Drop Questions, Computer-based Objective Test, Multiple Choice Questions, Number Entry Questions |
| Available Languages: | English |
| Sample Questions: | ![]() |
| Exam Way: | 90-minute on-demand computer-based objective test available at Pearson VUE test centres or via remote online proctoring |
| Pre Condition: | Completion of Operational Level is required before attempting Management Level exams. E2, P2, and F2 objective tests must be passed before attempting the Management Case Study exam. |
| Official Syllabus URL: | https://www.aicpa-cima.com/resources/landing/management-level |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managing and controlling the performance of organisational units | 30% | - Performance management and control
|
| Topic 2: Capital investment decision-making | 35% | - Investment appraisal and decisions
|
| Topic 3: Risk and control | 15% | - Risk analysis and control systems
|
| Topic 4: Managing the costs of creating value | 20% | - Cost management and value creation
|
The official outline groups the CIMAPRO19-P02-1 exam content into weighted domains, including:
The three versions of the CIMA Advanced Management Accounting materials at Actual4Dumps all follow this objective structure, so whichever format you study in, you are working on what the exam actually covers.
The CIMAPRO19-P02-1 exam contains 60 questions to be completed in 90 minutes minutes. Simulating that exact pressure in advance is straightforward: the PC test engine version of the Actual4Dumps materials recreates the real exam environment, so timed practice feels like the genuine article.
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Completion of Operational Level is required before attempting Management Level exams. E2, P2, and F2 objective tests must be passed before attempting the Management Case Study exam.
The CIMAPRO19-P02-1 exam is the official test behind the CIMA Advanced Management Accounting certification from CIMA. It verifies that you can apply the published exam objectives in practical scenarios, and the credential signals to employers that your skills have been measured against an industry-recognized standard — useful whether you are an office worker aiming at promotion or a student building a foundation.
Three versions, designed for different study habits. The PDF version is easy to read and print, ideal for annotating on paper. The SOFT version is a PC test engine that simulates the real CIMAPRO19-P02-1 exam environment, helping you adapt to exam mode before the day arrives. The APP version is an online test engine that supports any electronic equipment — phone, tablet, or computer — so you can review on the subway or anywhere else. All three contain the same 205 practice questions for the CIMAPRO19-P02-1 exam with expert-verified answers.
IOP's product is manufactured using a production process that is known to have a defect rate of 10%.
IOP's quality control department has developed a test that has a 98% probability of classifying a non- defective item correctly and a 2% probability of classifying a non-defective item as defective.
The same test has a 95% probability of classifying a defective item correctly and a 5% probability of classifying a defective item as non-defective.
Calculate the proportion of IOP's output that will be classified as non-defective by the quality control department's test.
Give your answer to one decimal place.
Correct Answer:
99.4 %
A company classifies its main factory as an investment centre. Categorise each of the following costs as either controllable or uncontrollable by the investment centre manager.
Correct Answer:

A Balanced Scorecard is being prepared for a coach passenger transport company. Place the correct perspective of the Balanced Scorecard against each performance measure.
Correct Answer:

When making an investment decision, which THREE of the following are reasons why receiving $1 today is preferable to receiving $1 in the future?
Correct Answer: A,C,D 🗳️
A company has a maximum of $2 million to invest and has identified four viable projects, E, F, G and H.
The initial investment for each of the projects is the maximum amount that can be invested in the project, but any amount up to the maximum can be invested. The projects are divisible.
The projects have been evaluated using net present value, as below. All figures are $ millions.
In which project should the company invest $2 million?
Correct Answer: A 🗳️
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