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Performance Management. The online classroom — supporting your CIMA studies and helping you to pass! Online lectures of all the chapters — audio and visual walkthroughs of all the key concepts, techniques and lecture examples.

However, if there are some elements where another guided walk through would help, then use the online lecture to specifically address the aspects you need to see again. Q - What about assumed knowledge from. If your paper has highly examinable topics that were covered in detail in a previous paper, there will be online lectures to help you cover these.

Contact our support team who will be happy to help. Custservdl bpp. Improving study material and removing errors. There is a constant need to update and enhance our study materials in line with both regulatory changes and new insights into the exams. BPP appoints, from one of our experienced tutor team, a subject expert to update and improve these course notes regularly.

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P2 Performance Management. Step 1 — Learning P hase Study Programme. Checkpoint 1. Additional Study Guidance and Progress Test. Checkpoint 2. Cost analysis part 2. Checkpoint 3. Performance evaluation — variance analysis Performance evaluation.

Measuring performance in responsibility centres. Transfer pricing. Checkpoint 4. Introduction to Paper P2 Performance Management. Syllabus overview. While Paper P2 continues the analytic theme of Paper P1, its main focus is on the application of information in the management process of decision-making and control, so as to optimise performance. The first two sections deal respectively with the key contributors to operational performance — revenue decisions of what to produce, at what price and costs how to manage them to maximise profitability.

The role of control in monitoring and improving performance then comes to the fore in the final two sections, dealing with principles and practices in the use of responsibility centres and budgeting. The syllabus. The broad syllabus headings and their relative weightings are:. Study weighting. Pricing and product decisions. Cost planning and analysis for competitive advantage.

Budgeting and management control. Control and performance measurement of responsibility centres. Links with other papers. P2 builds on Certificate level knowledge and P1 Performance Operations knowledge. Strong Certificate level knowledge and understanding is an essential part of preparation for P2. Once P2 is complete the numerical techniques learnt feature in all the Strategic level papers, not just P3, where students will be expected to apply their knowledge to more real-life situations.

Learning Phase Aims. Chapter 1. Chapter 6. Chapter 5. Chapter 7. Chapter 9a. Chapter 8. Discuss the concept of life cycle costing and how life cycle costs interact with marketing strategies at each stage of the life cycle. Chapter 9b. Analyse direct customer profitability and extend this analysis to distribution channel profitability through the application of activity-based profitability calculations.

Chapters 8. Chapter Chapter 11b. The examination paper. The examination is a three hour paper with an additional 20 minutes of reading time. Candidates are provided with a formulae sheet.

Format of the Exam. Section A. Five compulsory 10 mark questions. Section B. Two compulsory questions. Key to icons. This is a question we recommend you attempt to reinforce your learning on a key topic. Question practice from the Question and Answer Bank.

Real-life examples. For further details see your Checkpoint Guidance. You could further consolidate your knowledge in this area with additional reading from the Study Text. Formula to learn. Section reference in the Study Text. Formula given in exam. Key skills r equired to pass. Each of these key skills is analysed on the following page. This is an area that is consistently problematic within P2.

It is vital that you do not throw marks away purely because the examiner cannot follow what you have done. Calculations should be laid out clearly which cross reference to the workings that support them. Written answers should be presented as short, punchy paragraphs. Relevant costs and short term decisions. How have the syllabus learning outcomes been examined? Syllabus learning outcomes. Example past paper questions.

Discuss the principles of decision- making including the identification of relevant cash flows and their use alongside non-quantifiable factors in making rounded judgements.

Questions usually require students to prepare a relevant cost for a particular project, detailing why costs are or are not relevant. May 07, Q6 a , 15 marks. May 05, Q6 a , 10 marks. Nov 07, Q7 a , 15 marks. Discuss the possible conflicts between cost accounting for profit reporting and inventory valuation and information required for decision-making. Discussion question that has focussed on the validity of using selling price based on relevant cost in the short and long term.

May 07, Q6 b , 10 marks. May 09, Q6 b , 5 marks. Explain the usefulness of dividing costs into variable and fixed components in the context of short- term decision-making.

When examined students were asked to interpret a break even chart and to explain how it illustrated issues that managers need to consider when making decisions. Nov 06, Q4, 10 marks. Explain why joint costs must be allocated to final products for financial reporting purposes, but why this is unhelpful when decisions concerning process and product viability have to be taken. Questions test the validity of a process and whether products should be further processed or not.

May 07, Q4, 10 marks.


CIMA Management – Revision Notes

Our teams are working hard to dispatch orders and arrange deliveries. Unfortunately, these are no longer available to buy online, so please call us on and ask for the CIMA syllabus materials. The CIMA Advanced Management Accounting Revision Cards recap managing the costs of creating value, capital investment decision making, managing and controlling the performance of organisational units and risk and control. The Revisions Cards are designed to prompt your memory of key examinable topics, crucial points and key course content, and are the perfect companion to the Study Text and Exam Kit. Plus, the cards are based on study material approved by CIMA, so you can be assured the material fully covers the syllabus.


CIMA P2 Advanced Management Accounting



CIMA P2 Study Notes



CIMA P2 Notes


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