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CIMAPRO19-P02-1 Exam Questions

Exam Name: CIMA P2 Advanced Management Accounting Exam
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: Oct. 20, 2026)
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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Ryan Lewis

29 days ago
My revision improved once I focused on examiner style and common traps like mixing up relevant costs and ignoring uncertainty in investment appraisals. After drilling those weak spots with past questions, I passed CIMA P2.
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Nancy Mitchell

2 months ago
Revision is most effective with timed mock exams that mirror the integrated, multi-part questions you’ll see on the paper. Past questions frequently combine costing, capital appraisal and risk so practise switching techniques within one case. Concentrate on memorising key formulas, examiner command words and reviewing marked answers to avoid common pitfalls.
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Donald Martinez

2 months ago
Risk and control felt broad, but building a simple checklist for identifying risks, controls, and residual impact made the answers quicker to produce. That structure carried me through the paper and I passed.
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Frank Rogers

3 months ago
Risk and control items present a scenario with a weak control environment and ask you to prioritise mitigations with cost-benefit reasoning. Typical questions require identifying control gaps, assessing residual risk and proposing proportional improvements. Study internal control frameworks, common fraud indicators and how to design controls that match the risk appetite.
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Emma Flores

3 months ago
Performance management questions were hardest when I tried to memorise models, so I switched to linking measures to the scenario and stakeholder priorities. It made my narrative answers sharper and I passed the exam comfortably.
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Brian Brown

4 months ago
Managing and controlling the performance of organisational units usually focuses on divisional transfer pricing and comparisons between ROI, residual income and EVA. You’ll often be asked to compute metrics and recommend KPI or incentive changes based on behavioural effects. Be fluent with the calculations and understand how different targets distort manager decisions.
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Joshua Green

4 months ago
Managing the costs of creating value was where I lost marks early on, until I started writing short, structured explanations alongside the numbers. That approach made my answers clearer and I managed to pass P2 on the first attempt.
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Emma Nguyen

5 months ago
A colleague who sat the P2 exam passed after drilling NPV and scenario analysis questions and thanked Pass4Success for a compact collection of practice items that got results in a short time. Capital investment questions tend to combine NPV, real options and varying discount rates within a single case. Make sure you can model incremental cash flows, tax effects and perform quick sensitivity analyses under time pressure.
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Laura Taylor

5 months ago
The CIMA P2 exam felt time pressured, so I practiced full mocks and got strict about timing on capital investment questions, which helped me stay calm and I passed. The tricky part was interpreting what the question really wanted, not the math itself.
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Maria Jones

6 months ago
I found managing the costs of creating value tricky when faced with activity based costing scenarios that reassign overheads across multiple products. The exam often asks multi-step problems to calculate product cost-to-serve and margin impacts after driver changes. Practice mapping cost pools to drivers and run sensitivity checks on overhead allocation assumptions.
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Dorothy Nguyen

6 months ago
Starting the exam I found the residual income versus ROI trade-off question on divisional performance measures confusing. Practising step-by-step calculations and jotting concise justifications really helped me manage time.
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Karan Mishra

1 month ago
Selected Answer: **A** Residual income removes the dysfunctional behaviour that ROI creates when managers reject positive NPV projects just because those projects would dilute their division's existing ROI. Under RI, any investment earning above the cost of capital adds value, so the divisional manager's incentive aligns with the firm's overall goal. The trap with ROI is that it treats percentage return as the success metric, which systematically biases decisions against growth investments in high-performing divisions.
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John Anderson

6 months ago
Interestingly I found transfer pricing scenarios tricky because they blended market and cost approaches without clear direction on divisional incentives.
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Monica Campbell

6 months ago
Practically, activity-based costing apportionments ate up my time until I practised allocating pools quickly and writing down assumptions first.
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Justin Lewis

6 months ago
Remember to watch out for hidden fixed costs when comparing make-or-buy alternatives since that bit caught me off guard in the CIMA paper.
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Daniel Roberts

6 months ago
For me the risk and control questions that wanted concise recommendations were hardest, so I wrote one-line implications for each control to keep answers crisp.
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Olivia Peterson

6 months ago
Honestly, I struggled more with the way risk adjustments were handled in capital investment NPV scenarios and sketching sensitivity tables saved me time.
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Arthur

7 months ago
Passing CIMA P2 was a huge relief, and the Pass4Success practice exams played a big part in that. Don't underestimate the importance of focusing on the right topics.
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Chuck

7 months ago
Just conquered CIMA P2! Pass4Success, your practice tests were a game-changer. Thanks a bunch!
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Michell

7 months ago
Pass4Success, you're the real MVP! Your questions were so similar to the actual P2 exam. Passed!
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Minna

8 months ago
I passed the CIMA P2 exam, and the Pass4Success practice questions were a great help. A difficult question asked me to evaluate a capital investment using sensitivity analysis. I had to think about how changes in key assumptions would affect the project's viability.
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Ressie

8 months ago
The CIMA P2 exam was tough, but I passed thanks to Pass4Success practice questions. One question that stumped me was about the different types of risk assessment techniques. I wasn't sure which technique was most appropriate for a given scenario.
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Leatha

8 months ago
If you want to pass CIMA P2, the Pass4Success practice exams are a must. Revising effectively is all about understanding the core concepts, not just memorizing.
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Colene

8 months ago
P2 exam done and dusted! Pass4Success, your prep materials were fantastic. Passed with confidence!
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Harrison

9 months ago
Absorption costing vs. marginal costing mix-ups were killing my time. Pass4Success practice timed drills sharpened my speed.
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Margurite

9 months ago
Couldn't have passed P2 without Pass4Success. Their questions were right on target. Thank you!
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Chau

9 months ago
Transfer pricing nuances in P2 really threw me off, especially international adjustments. Pass4Success drills gave me the right formatting and topic focus.
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Felix

9 months ago
P2 included scenario-based questions on divisional performance measurement. Understand ROI, RI, and EVA calculations. Pass4Success practice questions really helped me prepare!
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Blair

10 months ago
Initial nerves hit hard when I saw the case studies, but Pass4Success mapped every topic with practical scenarios, boosting my confidence step by step; stay persistent, you've got this.
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Flo

10 months ago
Wow, P2 was challenging! But Pass4Success made it manageable. Passed and feeling relieved!
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Brandon

10 months ago
Pass4Success deserves credit for my P2 success. Their practice tests were invaluable for quick prep.
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Fausto

10 months ago
Grateful for Pass4Success. Their exam questions were so similar to the actual P2 test. Passed easily!
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Precious

11 months ago
CIMA P2 exam was tough, but Pass4Success materials were a lifesaver. Passed with flying colors!
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Marshall

11 months ago
The strategic case studies felt open-ended and tricky to pin down marks. Pass4Success practice questions showed me how examiners expect structured answers.
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Daron

11 months ago
Cash flow forecasting under uncertainty hit me hard, especially discounting long-term projects. pass4success helped me test scenarios quickly and see where I was flaky.
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Yen

11 months ago
Expect questions on learning curve theory in P2. Practice calculating learning rates and applying them to cost estimation. Pass4Success materials were invaluable for this section!
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Coletta

12 months ago
P2 exam tested on backflush accounting. Know how it differs from traditional costing and when it's appropriate. Thanks to Pass4Success for covering this topic thoroughly!
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Lynelle

12 months ago
The variance analysis in P2 was brutal—crazy edge cases with volume and mix effects. Pass4Success practice exams drilled the calculations until they were second nature.
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Kara

1 year ago
Honestly, the Pass4Success practice exams were the key to my success in CIMA P2. Managing your time effectively is crucial, so make sure to practice with timed exams.
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Fabiola

1 year ago
My first thought was fear of failing under pressure, yet Pass4Success provided clear explanations and targeted questions that turned anxiety into readiness; keep going, future candidates, you can do this.
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Stephaine

1 year ago
Passing CIMA P2 was a game-changer for me. The Pass4Success practice exams were a lifesaver - they really helped me identify my weak areas and focus my revision.
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Oren

1 year ago
I was nervous on day one, doubting if I could balance the numbers and the theory, but Pass4Success gave me structured practice and real exam simulations that built my confidence; to anyone else aiming high, trust the process and keep practicing.
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Laticia

1 year ago
Successfully passed CIMA P2 today! Big thanks to Pass4Success for providing such relevant practice materials.
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Mozell

1 year ago
I was overjoyed to pass the CIMA P2 exam, and the Pass4Success practice questions were instrumental. A challenging question involved comparing the performance of different organizational units using balanced scorecard metrics. I had to consider multiple perspectives.
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Tayna

1 year ago
Just passed P2! Be prepared for questions on lifecycle costing. Understand how to calculate and interpret total lifecycle costs. Pass4Success practice tests were spot on for this topic!
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Shelia

1 year ago
Just passed P2 Advanced Management Accounting! Thanks Pass4Success for the spot-on practice questions. Saved me tons of time!
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Odette

1 year ago
Passing the CIMA P2 exam was a big win, and the Pass4Success practice questions were crucial. One question that I found difficult was about the cost behavior and its impact on managing the costs of creating value. I had to think about how fixed and variable costs interact.
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Wenona

1 year ago
P2 exam conquered! Pass4Success, your materials were invaluable for my last-minute preparation.
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Raelene

1 year ago
Balanced Scorecard questions were prevalent in P2. Know the four perspectives and how to develop appropriate measures. Pass4Success materials were crucial for my exam success!
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Alba

1 year ago
Just passed P2! Grateful to Pass4Success for helping me prepare efficiently with relevant practice questions.
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Justa

1 year ago
P2 included questions on throughput accounting. Understand the theory of constraints and how it affects decision-making. Pass4Success helped me grasp these concepts quickly.
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Edgar

2 years ago
CIMA P2 success! Pass4Success's exam questions were spot on for quick and effective preparation.
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Celestina

2 years ago
Linear programming problems appeared in my P2 exam. Practice graphical and simplex methods for optimization. Thanks to Pass4Success for providing relevant practice materials!
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Tresa

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

2 years 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

2 years 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

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

2 years 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 years 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 years 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 years 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 years 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

2 years 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

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

2 years 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

2 years 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

2 years 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

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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

2 years 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

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

2 years 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 years 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 years 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

2 years 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 years 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

2 years 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

2 years 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

2 years 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

2 years 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 Oct. 20, 2026 (see below)

Question #1

An organization has the right to mine for gold on its land. The price of gold and the cost of extraction are such that mining is not currently financially viable. However, the organization has the right to commence mining at any time in the future if the price of gold increases and makes mining financially viable.

This right to commence mining in the future is an option to:

Reveal Solution Hide Solution
Correct Answer: D

Question #2

K Supermarket spends $80,000 per year on checking and processing receipts of inventory. Annual warehouse costs are a further $70,000 per year. These costs are currently treated as fixed overheads in the company's costing system.

As an experiment, the company is preparing a direct profitability analysis of a small range of products, including fresh grapes.

K Supermarket receives a total of 3,600 deliveries every year. 20% of these deliveries are of perishable goods such as grapes. It takes twice as long to process a delivery of perishable goods compared to a normal delivery because perishable goods have to be checked more carefully.

Half of the warehouse costs are for the chilled store that is used to store perishable goods. At any time, the chilled store has 800 kilos of perishable goods in stock.

K Supermarket receives 150 deliveries of grapes every year. Each delivery is for 100 kilos of grapes. The grapes spend an average of two days in the chilled store before they are sold.

Calculate the total cost per kilo of checking, processing and storing grapes that should be taken into account in determining the profitability of grapes.

Give your answer to the nearest whole cent.

Reveal Solution Hide Solution
Correct Answer: A

Question #3

The following data relate to an investment opportunity.

The percentage reduction in the annual revenue that could occur before the project is no longer financially viable is:

Reveal Solution Hide Solution
Correct Answer: A

Question #4

When making an investment decision, which THREE of the following are reasons why receiving $1 today is preferable to receiving $1 in the future?

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

Question #5

The following data are available for four projects with unequal lives.

A 10% discount rate is appropriate for all four projects.

Which project has the highest equivalent annual benefit?

Reveal Solution Hide Solution
Correct Answer: B

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