Chartered Institute of Management Accountants

• CIMA P2

• P2 ADVANCED MANAGEMENT ACCOUNTING Syllabus overview Focusing primarily on the long term, P2 builds on the insights about costs and their drivers (from P1) to provide the competencies needed to analyse, plan and manage costs to support the implementation of the organisation’s strategy. It shows how to manage and control the performance of various units of the organisation in line with both short-term budgets and long-term strategy. Finally, P2 covers investment decision making and the risks associated with such decisions. It provides the basis for developing deeper understanding of various types of risk affecting the strategy and operations of organisations (covered in P3). Syllabus topic Syllabus weighting Chapters relevant from the Acorn study manual A. Cost planning and analysis for competitive advantage 25% 2,5 and 6 B. Control and performance management of responsibility centres 30% 1,4 and 8 C. Long-term decision making 30% 7 D. Management control and risk 15% 7 and 9