How long does it take to complete the P2 course?

The P2 course is designed for flexible learning. Most students complete it in 8-12 weeks studying 6-8 hours per week. You can progress at your own pace with lifetime access to all materials.

Do I get access to practice exams and mock assessments?

Yes — your course includes comprehensive practice questions, mock assessments, and exam-style scenarios with detailed feedback to help you identify areas for improvement.

What support is available during my studies?

You have access to expert tutors through discussion forums, weekly live Q&A sessions, and office hours. Our tutors are industry professionals with extensive teaching experience.

P2 · Management Level · CIMA

P2 Objective Test

P2 Advanced Management Accounting deepens your cost management expertise into transfer pricing, advanced budgeting techniques, performance measurement frameworks (Balanced Scorecard, KPIs), and risk. It equips you to design and operate management accounting systems at a divisional or group level.

121 lessons 1h of video Pass guarantee

What you'll learn

Transfer pricing: domestic and international
Divisional performance measurement (ROI, RI, EVA)
Advanced budgeting: beyond budgeting, rolling forecasts
Environmental and life-cycle costing
Risk management in management accounting
Balanced Scorecard and strategic performance measurement

Objective Test Exam

P2 Objective Test

Computer-based exam taken at a Pearson VUE test centre. Sat independently — no aggregation of marks with other subjects. Available in March, June, September & December.

Questions

Minutes

50%

Pass mark

Sessions/yr

Practice Exams

CIMA Objective Test Practice

Test your knowledge with authentic CIMA-style objective test questions. Get instant feedback and detailed explanations after every attempt.

60 questions in 90 minutes

All 6 CIMA question types included

Instant results with detailed explanations

Unlimited practice attempts

Performance tracking and analytics

Question Types Covered

• Single Best Answer

• Multiple Response

• True/False

• Fill in the Gap

• Matching

• Ordering/Sequencing

Subject Access Required

Practice exams are available to all students with subject access. Get access to unlock unlimited practice exams with detailed explanations and performance analytics.

Subject access includes:

All video lessons

Unlimited practice exams

Detailed answer explanations

Performance analytics

Get Full Access

Study Plan

Personalized learning path

View Study Plan

What you'll study

Preparing for Objective Test exams

Learn the structure, format, and strategic approach to CIMA Management Level Objective Tests, with expert guidance on question types, time management techniques, and effective revision strategies to maximise exam performance.

1 module · 5 lessons

P2 Subject overview

The P2 Subject Overview section introduces the core competencies of CIMA Management Level, covering cost management, capital investment decision making, and organisational performance control. This foundation establishes how management accountants create value through strategic financial decision-making and operational control.

1 module · 5 lessons

A. Managing the costs of creating value

This section examines how organisations structure and manage costs to support strategic value creation, covering traditional and contemporary costing methods including activity-based costing, quality management, and target costing approaches. Students will explore both established absorption costing techniques and modern cost management strategies essential for competitive advantage.

3 modules · 23 lessons

B. Capital investment decision making

Master capital investment decision-making by exploring NPV, IRR, and risk-adjusted appraisal techniques to evaluate strategic investments and align them with organisational objectives. Develop competency in relevant cash flow analysis, project appraisal methodologies, and pricing strategies to support effective capital allocation decisions.

4 modules · 37 lessons

C. Managing and controlling the performance of organisational units

Evaluate divisional performance using financial metrics (ROI, RI, EVA) and non-financial measures, while analysing the behavioural implications of performance management systems in decentralised organisations. This section develops competence in managing and controlling the performance of organisational units through responsibility centre frameworks and transfer pricing mechanisms.

3 modules · 29 lessons

D. Risk and control

Learn to identify, assess, and mitigate organisational risk through internal control frameworks and strategic alignment. This section covers risk and uncertainty quantification, risk classification, and the ethical considerations essential for management-level decision-making in CIMA P2.

2 modules · 22 lessons

P2 mock exams

Coming soon

P2 mock exams provide exam-standard objective test simulations that replicate real CIMA assessment conditions, enabling you to identify knowledge gaps, build exam technique, and develop confidence under pressure.

5 modules

Get access

P2 Objective Test

£349 lifetime access

All video lessons, exercises and resources
Unlimited practice exams with detailed feedback
Pass guarantee included

Get P2 — £349 View all pricing options

How it works for P2

Step 1

Learn

Grasp the P2 syllabus fast.

121 lessons covering every examinable area — nothing more, nothing less. 1 hours of focused video. No 40-hour lecture series when 15 will do.

Expert-led video lessonsDownloadable course notesAI video assistant

Step 2

Practise

Sit the P2 exam before you sit it for real.

60-question objective test mocks replicating official CIMA conditions. Same format, same timing, same pressure. Full worked explanations for every answer.

60-question mock examsWorked explanationsUnlimited attemptsPerformance tracking

Step 3

Diagnose

Stop revising P2 topics you already know.

After every mock, VIVA maps your P2 strengths and weaknesses and rebuilds your study path around what actually needs work. Instant AI-enhanced marking with expert oversight. The speed of technology, the judgement of real experts.

Instant markingStrength & weakness mapSmarter sequencingExpert oversight

When your Exam Readiness Score hits Green, the system has confirmed you're ready to pass.

Hit Green ERS, sit P2, fail — we refund you.

Not sure if P2 is your next step?

Find exactly what to buy next.

Tell us how far through CIMA you are. We'll show you the right course pack in 30 seconds.

Find my course Get P2 — £349

Frequently asked questions

Most students complete P2 in 8–12 weeks studying 6–8 hours per week. You have lifetime access so you can progress at your own pace.

Yes — every learning outcome in the P2 syllabus is covered across the video lessons and practice questions.

Yes — your course includes unlimited objective test practice with 60-question exams, instant feedback, and detailed explanations for every question.

Yes. If you complete the course and don't pass your exam, we'll refund your course fee in full. Terms apply — see our pass guarantee page for details.