How to Pass CIMA P2 – Advanced Management Accounting
What is CIMA? • The Chartered Institute of Management Accountants (CIMA)is a United Kingdom-based professional body offering training and qualification in management accountancy and related subjects, focused on accounting for business; together with ongoing support for members.
Operational Level:
Management Level:
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P1ManagementAccounting
P2 Advanced Management Accounting
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E1OrganisationalManagement F1FinancialReportingandTaxation E3 Strategic Management
E2 Project and Relationship Management F2 Advanced Financial Reporting F3 Financial Strategy
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Here are some questions of CIMA P2. Get all CIMA P2 free dumps and passed the Exam in First Attempt.
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Question No 1:
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Which one of the following would NOT be included in a decision to close a division of an organization? A. Fixed costs directly attributable to the division B. Sale of unwanted non-current assets C. Redundancy pay for employees of the division D. Head office overheads absorbed on the basis of the number of units produced Answer: D
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Question No 2:
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FP has decided not to use the EOQ and has decided to order 2,600 calculators each time an order is placed. The total ordering and holding costs per annum will be: A. $208,014 B. $5,240 C. $3,420 D. $19,800 Answer: C
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Question No 3:
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Which one of the following would NOT be included in a decision to close a division of an organization? A. Redundancy pay for employees of the division B. Head office overheads absorbed on the basis of the number of units produced C. Fixed costs directly attributable to the division D. Sale of unwanted non-current assets Answer: B
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Question No 4:
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The economic order quantity (EOQ) for this model of calculator will be? A. 2,060 units B. 771 units C. 2,438 units D. 67 units Answer: C
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Question No 5:
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A company has a money cost of capital of 9%. The rate of inflation is 3%. The company’s real cost of capital is nearest to? A. 5.8% B. 6.0% C. 12.0% D. 12.3%
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Question No 6:
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In short-term decision making, which TWO of the following are relevant costs? A. Opportunity costs B. Sunk costs C. Committed costs D. Avoidable costs E. Notional costs Answer: D, A
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Question No 7:
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AB is preparing its cash budget for the next quarter. Which of the following items should NOT be included in the cash budget? A. Payment of tax due on last year’s profits B. Repayment of the capital amount of a loan C. Receipt of interest from short term investments D. Gain on the disposal of a piece of machinery Answer: D
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Question No 8: A company has a real cost of capital of 6% per annum and inflation is 3% per annum. The company’s money cost of capital per annum is: A. B. C. D.
9.18% 9.00% 2.91% 3.00%
Answer: A
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