Course description
The CIMA Professional Qualification is recognised worldwide as the most relevant global finance qualification for a career in business and finance. In the Advanced Management Accounting module (P2), you will examine how cost management and transformation are priorities for organisations facing intense competition. You will dive into how value management can transform cost structures and drivers to provide organisations with cost advantage. This is one of the 12 modules you need to complete in order to achieve the CIMA Professional qualification. By successfully completing the Advanced Management Accounting module P2 exam, you will be one step closer to achieving the CIMA Professional Qualification. On completion of the CIMA Professional Qualification, you will be awarded the Chartered Global Management Accountant (CGMA) designation. This showcases your professionalism, business and leadership skills, ethics, and commitment. It is ideal for:
- Students who want to develop their accounting and finance knowledge.
- Those aspiring to work or progress their career in accounting, finance, or bookkeeping.
- Chartered accountant
- Finance manager
- Management accountant
- External auditor
- Forensic accountant
- Stockbroker
- Internal auditor
- Business analyst
Course Content
Managing the costs of creating value
- Cost management and cost transformation methodology
- Quality management methodologies
- Value management techniques
Capital investment decision making
- Data required for decision making
- Steps and issues within the decision-making process
- Investment appraisal techniques
- Pricing strategies
Managing and controlling the performance of organisational units
- Performance of responsibility centres
- Preparing reports
- Approaches to performance and control within organisations
- Issues relating to internal audits
Risk and control
- Analysing risk and uncertainty with medium-term decision-making
- Types of risk within medium-term decision-making
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