CIMA P2 Course

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About Course

Course Description

This comprehensive CIMA P2 (Advanced Management Accounting) course has been designed to provide you with everything you need to master the syllabus, build confidence, and pass your examination on your first attempt. Whether you are studying the subject for the first time or preparing for a resit, this course offers a structured, exam-focused learning experience that covers every topic in the CIMA P2 syllabus in a clear, practical, and easy-to-follow manner.

Each chapter is explained in detail through professionally prepared lecture notes and high-quality pre-recorded video lectures, enabling you to develop a thorough understanding of advanced management accounting concepts and their practical application. The course focuses not only on technical knowledge but also on the analytical and problem-solving skills required to excel in the examination.

Choose this course if you want a complete, all-in-one resource to master the CIMA P2 syllabus and maximise your chances of passing at your first attempt.

What you’ll receive in this course:

  • ✅ Comprehensive lecture notes for every chapter, covering the entire CIMA P2 syllabus.

  • ✅ Pre-recorded video lectures for every chapter, allowing you to study at your own pace and revisit complex topics whenever needed.

  • ✅ Professionally prepared chapter presentation slides to reinforce learning and support effective revision.

  • ✅ Flashcards summarising key formulas, techniques, principles, and examinable concepts for quick revision.

  • ✅ The Kaplan Study Text, providing detailed explanations, worked examples, and comprehensive syllabus coverage.

  • ✅ The Kaplan Exam Practice Kit, containing exam-standard questions and fully worked solutions to strengthen your exam preparation.

  • ✅ Step-by-step explanations of advanced management accounting techniques, strategic decision-making, budgeting, performance management, risk analysis, and investment appraisal.

  • ✅ Exam-focused guidance and proven techniques for answering objective test questions accurately and efficiently.

  • ✅ Structured learning resources designed to build confidence, strengthen technical competence, and prepare you thoroughly for your examination.

  • ✅ A complete learning package that supports you from your first study session through to exam day.

This course is ideal for students who want a comprehensive, well-structured, and high-quality learning experience with all the resources needed to successfully complete the CIMA P2 (Advanced Management Accounting) examination.

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Course Content

CHAPTER 1: Activity-Based Costing (ABC) and Activity-Based Management (ABM)
his chapter introduces the principles of Activity-Based Costing (ABC) and Activity-Based Management (ABM), explaining how organisations allocate costs more accurately by identifying activities and their cost drivers. You will learn how ABC improves product costing and decision-making, while ABM uses cost information to enhance operational efficiency and eliminate non-value-adding activities. The chapter also explores the strategic benefits and practical application of ABC and ABM in improving organisational performance.

  • Learning objectives & Section 1
  • Section 2 – 6
  • Section 7 – 13

CHAPTER 2 THE MODERN BUSINESS ENVIRONMENT
This chapter explores the characteristics of the modern business environment and the external factors that influence organisational performance and strategic decision-making. You will examine the impact of globalisation, technological advancement, sustainability, regulation, and increasing competition on management accounting practices. The chapter also highlights how organisations must adapt to a rapidly changing environment to remain competitive and create long-term value.

Chapter 3: Costing Techniques
This chapter examines the key costing techniques used to measure, analyse, and manage organisational costs for effective decision-making. You will learn how to apply methods such as marginal costing, absorption costing, target costing, lifecycle costing, and relevant costing in different business scenarios. The chapter also demonstrates how appropriate costing techniques support pricing decisions, profitability analysis, and strategic cost management.

Chapter 4: Data Required for Decision-Making
This chapter explores the types of financial and non-financial data required to support effective managerial decision-making. You will learn how to identify relevant information, evaluate data quality, and apply analytical techniques to solve business problems and support strategic decisions. The chapter also highlights the importance of reliable, timely, and accurate information in improving organisational performance and achieving business objectives.

Chapter 5: The Investment Decision-Making Process
This chapter examines the investment decision-making process and the techniques used to evaluate the financial viability of long-term projects. You will learn how to apply investment appraisal methods such as Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Accounting Rate of Return (ARR) to support strategic decisions. The chapter also explores the impact of risk, uncertainty, and cash flow analysis on selecting value-creating investment opportunities.

Chapter 6: Investment Appraisal – Further Aspects
This chapter builds on the principles of investment appraisal by exploring advanced techniques and the practical challenges involved in capital investment decisions. You will examine topics such as taxation, inflation, risk and uncertainty, sensitivity analysis, and post-investment reviews to improve the quality of decision-making. The chapter also demonstrates how these factors influence project evaluation and help organisations maximise long-term shareholder value.

Chapter 7: The Pricing Decision
This chapter explores the principles and techniques used to make effective pricing decisions in different business environments. You will learn how cost structures, market conditions, customer demand, competition, and organisational objectives influence pricing strategies and profitability. The chapter also examines a range of pricing methods and their application in supporting sustainable competitive advantage and value creation

Chapter 8: Responsibility Centres
This chapter introduces the concept of responsibility centres and explains how organisations assign accountability for financial and operational performance. You will explore the different types of responsibility centres, including cost, revenue, profit, and investment centres, and learn how their performance is measured and evaluated. The chapter also highlights how responsibility accounting supports decentralised decision-making, managerial accountability, and organisational control.

Chapter 9: Alternative Measures of Performance
This chapter explores a range of financial and non-financial performance measures used to evaluate organisational success beyond traditional accounting metrics. You will learn how techniques such as the Balanced Scorecard, Economic Value Added (EVA), and other key performance indicators support strategic performance management. The chapter also demonstrates how selecting appropriate performance measures enables organisations to drive continuous improvement and achieve long-term objectives.

Chapter 10: Transfer Pricing
This chapter explores the principles and objectives of transfer pricing and its role in measuring the performance of different divisions within an organisation. You will learn about the various transfer pricing methods, including market-based, cost-based, and negotiated prices, and how they influence managerial behaviour and decision-making. The chapter also examines the strategic, tax, and performance implications of transfer pricing in both domestic and multinational organisations.

Chapter 11: The Treatment of Uncertainty and Risk in Decision Making
This chapter examines how uncertainty and risk influence managerial decision-making and the techniques used to evaluate uncertain business outcomes. You will learn how to apply tools such as probability analysis, expected values, decision trees, sensitivity analysis, and simulation to support informed decisions. The chapter also highlights how effective risk assessment enables organisations to make better strategic and investment decisions in an uncertain business environment.

Chapter 12: Risk Management
This chapter introduces the principles of risk management and explains how organisations identify, assess, and respond to risks that may affect the achievement of their strategic objectives. You will explore different types of business risk, risk assessment techniques, and strategies for mitigating and managing risk effectively. The chapter also highlights the importance of integrating risk management into decision-making to enhance organisational resilience and long-term performance.

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