Aim of the syllabus
The main focus of paper P2 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.
Topics covered
- 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%)
- Exam date: 23rd May 2012
- Exam entry dates: find out more
- Exam duration: 3 hours, plus 20 minutes of pre-exam reading time
The P2 exam is divided in to 2 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.
The required pass mark is 50%.
- Degree students may qualify for exemptions from the Management Level depending on the content of your degree.
- It is recommended that you sit and pass paper P1 before attempting P2.
- P2 topics will be underpinning knowledge in the P3 paper.
Find out more about exemptions.