By clearing this level, you will become a certified CIMA Advanced in Management Accounting professional. Management level is the next stage of the CIMA Professional certification and consists of three major areas.
Management level examination — an overview
The main focus that our experts kept in mind while developing this exam was to Our superseding objective in planning the CIMA Qualification is to upgrade the employability of students and individuals by making a learning framework that empowers them to get abilities, capabilities and skills that are admired by the employers. This is substantially more significant than any time in recent memory, remembering the quick change and conventional jobs being updated by innovation and computerized propels. The CIMA Professional Certification is distributed into three components — Functioning, Management and Strategic. Each of these levels comprises three factors of domain knowledge — Enterprise, Performance, and Financial. Passing each level of the qualification approves an individual’s capabilities to perform the tasks at that level in the workplace to the highest levels. When combined with the required practical experience, the CIMA Professional Qualification guarantees that people are anxious to help and lead their associations, through the difficult period of nonstop change. The content, examination and practical experience requirements confirm candidates are not only skilled in the basic accounting, finance, and business-related skills, but also in the skills required to lead the financial functions in a digital era. The Management part emphasizes on the role of the finance manager and urges to give a proper timescale to short term vital decisions to a greater period of time.
P2 – Advanced Management Bookkeeping
- Managing the costs of creating value
- Capital investment decision making
- Managing and administering the performance of organizational units
- Risk and control
What do you learn in P2?
- How to use cost management, quality and process management, and value management to provide organizations with a cost advantage.
- The criteria, process, and techniques that are used to decide which projects to undertake, how to manage the performance of organizational units to ensure that they achieve their objectives.
- Step by step instructions to investigate dangers and vulnerabilities that associations face in the medium term, particularly capital speculation dynamic, and dealing with those dangers in the execution of such choices. Last week I passed the P2 Advanced Management Accounting exam. It is part of the requirements for the CIMA Advanced Diploma in Management Accounting. It was a wonderful experience and I enjoyed the exam.
Let me share my story with you but before that let me introduce myself to you. I am a business graduate seeking a career in the field of management accountancy. I have done my bachelor’s two years ago and doing an internship in a manufacturing concern. During my college studies, I developed an interest in accounting. After completing graduation, I started looking for a job but was unable to find one. Then I got an internship. After getting into the industry, I found management accountancy to be a career worth seeking. So I decided to narrow my specialization towards management accountancy. I consulted with a senior for career advice. He suggested me to go for CIMA instead of ACCA. He then told me about the CIMA certification path. He also told me about the exam preparation and techniques as that was my first chance. So I did CIMA Certificate in Business Accounting (CIMA Cert BA) and then CIMA Certificate in Business Accounting (CIMA Cert BA). Now, this is my 3rd credential and 2nd level diploma. Throughout these exams, I have obtained training material from Valid4Sure. With the comprehensive training material from Valid4Sure that includes PDF and Testing Engine, I have been able to pass all the tests in the first attempt. Braindumps by Valid4Sure have been pretty handy for the practice. With a money-back guarantee against all the course material Valid4Sure ensure success on the first attempt. I prepared for the exam with the P2 Advanced Management Accounting course from Valid4Sure training material. Then I took the exam and as expected passed it on the first attempt. Now I am preparing for the third exam of CIMA Advanced certification in Managerial Accounting.
Following is an introduction of the diploma and the exam.
Structure and format
The examination is three hours long. A 15-minute demo is available before the start of the examination to allow candidates to familiarise themselves with the test.
The exam has four parts, which are each solved in 45 minutes. All sections have equal marks.
Candidates might complete a section earlier and move on to the next part but are unable to return to previous questions in the given time.
There may be multiple tasks within each section and an indication of how long to spend on each
questions will be given, to aid candidates in managing their time. If no weighting is given, then candidates
should assume that the questions are equally important.
More than one important question will normally be assessed in each section and the order of core activities and exam outcomes in the blueprint does not represent how these might be structured in the examination.
All tasks will be examined in each form of the examination in line with the weightings. A sample of related exam outcomes will be tested.
The assessment requires developed, composed reactions from contenders in the configuration of a scope of business interchanges (for instance, messages, notices, reports, instructions notes). Word handling capacities will be given inside the test pilot to permit the designing and show of reactions in an expert way. From 2019, this will incorporate the capacity to utilize tables to assemble a reaction.
Accounting is the backbone of a business’ financial system. The actual state of affairs of an entity can only be assessed by accounting. The market requirement for qualified accounting professionals has always been high. CIMA (Chartered Institute Of Management Accountants) is the world’s largest management accounting body. CIMA qualifications are acknowledged worldwide as highly professional management accountancy credentials. CIMA Advanced Diploma in Management Accounting is a managerial level credential by CIMA. P2 Advanced Management Accounting is an essential component exam for CIMA Certification in Management Accounting.