- P2 Performance Management
- E2 Enterprise Management
- F2 Financial Management
The main focus of this paper is the application of information in the management processes of decision making and control to optimise performance. The first two sections deal with the key contributors to operational performance revenue and costs. The role of control in monitoring and improving performance comes to the fore in the final two sections, which deal with principles and practices in the use of responsibility centres and budgeting.
Pricing and product decisions (30%)
Cost planning and analysis for competitive advantage (30%)
Budgeting and management control (20%)
Control and performance measurement of responsibility centres (20%)
E2 Enterprise management
E2 moves towards an holistic, integrated view of management across an organisation. Building on important concepts in strategic management, this paper develops tools and techniques for identifying key types of competitive environments. Project management skills and tools are also addressed. The paper also introduces the skills and tools needed to work with, manage and develop teams. This includes both the legal aspects of managing individuals, as well as the softer elements of negotiation and leadership skills.
Strategic management and assessing the competitive environment (30%)
Project management (40%)
Management of relationships (30%)
F2 Financial management
F2 extends to more advanced topics in financial accounting (preparation of full consolidated financial statements and issues of principle in accounting standards dealing with more complex areas) and to developments in external reporting. With the advanced level of financial accounting and reporting in this paper, the analysis and interpretation of accounts becomes more meaningful.
Group financial statements (35%)
Issues in recognition and measurement (20%)
Analysis and interpretation of financial accounts (35%)
Developments in external reporting (10%)
Must I complete my managerial level subjects before starting with the strategic level subjects?
Yes, students must pass all operational and management subjects before attempting the strategic level.
For each subject, there is a three hour written exam paper plus 20 minutes of pre-exam reading time, with two sections:
Section A 50 marks: five compulsory medium answer questions, each worth ten marks. Short scenarios may be given, to which some or all questions relate.
Section B 50 marks: one or two compulsory questions. Short scenarios may be given, to which questions relate.
Assessment dates are in May and November. P2 resit exams are currently being piloted in March and September in the UK and ROI.
The pass mark for each operational and management level subject is 50%. Permanent credit is awarded for any paper where candidates score 50% or more.
Students must pass all operational and management level subjects in each learning pillar before attempting strategic level subjects.
Upon completion of the all Management level subjects, you will be awarded the CIMA Advanced Diploma in Management Accounting.