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P2 Objective Test

P2 - Management Level Level

Preparing for Objective Test exams

0 modules • This section builds your foundation for success in the CIMA Objective Test. You’ll learn how the exam works, the question styles, timing strategies, and how to optimise your study time. Whether you're new or retaking, this phase equips you with the mindset, tools, and approach needed to pass efficiently.

P2 Subject overview

0 modules • Get a clear roadmap of your subject. This section introduces each syllabus area, showing how topics interconnect and why they matter. It also explains how the subject contributes to your role as a management accountant—ideal before diving into detailed theory.

A. Managing the costs of creating value

0 modules • Explore how cost structures support strategic priorities. You’ll study activity-based costing, lifecycle costing, environmental costs, and cost control in lean and agile environments.

B. Capital investment decision making

0 modules • Understand long-term decision-making tools including NPV, IRR, and risk-adjusted appraisal techniques. Learn how to evaluate strategic investments and align them with organisational goals.

C. Managing and controlling the performance of organisational units

0 modules • Master divisional performance evaluation using financial and non-financial measures. Topics include ROI, RI, EVA, and the behavioural effects of performance metrics.

D. Risk and control

0 modules • Study how organisations identify, assess, and mitigate risk. Topics include internal control frameworks, risk registers, and aligning controls with strategic and operational priorities.