Management Level

P2 Objective Test

  • 10 hours of on-demand video lectures by a subject expert
  • 500+ post-chapter CIMA-grade practice questions
  • 5 Mock Exams of 60 questions each
  • Downloadable course notes covering the entire syllabus
The course is on-demand. Access lasts 6 months from the purchase date.
what will you be learning?

Course Syllabus

How to use cost management, quality and process management and value management to provide organisations with cost advantage.

The criteria, process and techniques that are used to decide which projects to undertake, how to manage the performance of organisational units to ensure that they achieve their objectives.

How to analyse risks and uncertainties that organisations face in the medium term, especially capital investment decision making, and managing those risks in the implementation of such decisions.

Pre-course work
1.5 hours of tuition
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Objective Test Success
ELITE COURSE ONLY
Prior to delving into the P2 course content, it’s worth stepping back for an overview of where this subject fits into the CIMA syllabus, and what is expected of you in terms of outcomes. In this series of video lectures, you’ll gain an understanding of the nature of CIMA’s objective test exams, optimal study methods, and what to expect and do to maximise your chances on the day of the exam.
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P2 Overview Videos
ELITE COURSE ONLY
Now it’s time to turn our attention to the subject itself, with this set of lectures previewing the main topics and themes covered in P2 Advanced Management Accounting. A good place to start for those new to the subject, as you’ll get a flavour of everything from managing the costs of creating value, through capital investment decision making, to managing and controlling the performance of organisational units and the controlling of risk.
Week 1
6.5 hours of tuition
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Analysing and Managing Costs
We start off with the analysis and management of costs, focusing in particular on activity based costing (ABC), activity based management (ABM), customer profitability analysis (CPA) and direct product profitability analysis. 30 exam-style questions will test your understanding at the end of the chapter, using VIVA’s online CIMA exam simulator.
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Quality Management
This series of lectures will train you in various techniques and models applied to quality management. Your P2 tutor will walk you through total quality management, costs of quality, just in time (JIT), and the theory of constraints. Top it all off with 30 CIMA-grade questions.
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Value Management
Contributing to the maximisation of value created and captured by a company is a key skill of the qualified management accountant. Here you’ll learn about target costing, the value chain, and lifecycle costing as key components of this process. Round out your learning with 32 challenging exam questions.
Week 2
11.5 hours of tuition
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On-demand
self-paced
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self-paced
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ELITE COURSE ONLY
Data For Decision Making
Data is becoming ever more refined and therefore ever more important in modern business. How to use data to support decision making is something you as a management accountant need to know. Here you will get a strong grounding in the decision making process, relevant cash flows, opportunity costs, sources of data, and information analysis and presentation. Ensure your understanding with 46 CIMA-standard exam questions.
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Project Appraisal
Projects need to be appraised in terms of their value-adding capacity. Here you’ll learn various methods for appraising the value of projects, using discounted cash flow, net present value (NPV), internal rate of return, and the impact of taxation, working capital and inflation. Make sure you’ve understood the material with 61 challenging exam-grade questions.
GMT
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Further Aspects of Project Appraisal
Here we add to your foundational knowledge of project appraisal with some more advanced methods, including modified internal rate of return, equivalent annual costs, capital rationing and real options. Test your understanding with 54 more exam-style questions.
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Pricing Strategies
You’ll learn the key economic concept of price elasticity of demand, as well as different approaches to pricing including cost based pricing, market based pricing, and optimal pricing. A further 50 exam-level questions await.
Week 3
7 hours of tuition
GMT
On-demand
self-paced
On-Demand
self-paced
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ELITE COURSE ONLY
Decision Making in Responsibility Centres
In this chapter we’ll introduce you to the concept of responsibility centres, and explain related ideas such as decentralisation and divisionalisation, controllability, reporting and big data. At the end of the lesson try your hand at 49 exam questions.
GMT
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Performance Measurement
Measuring performance is central to any modern, commercial organisation, and here you’ll learn the most up to date tools and models for doing just that. You’ll learn about financial performance indicators, investment centre ratios, return on capital employed (ROCE), return on investment (ROI), economic value added (EVA) and more. A comprehensive set of 53 exam-style questions will consolidate your understanding.
GMT
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Transfer Pricing
An important technical topic here, but not to worry - your experienced P2 tutor will make it as simple as possible to understand. Here you’ll master transfer pricing objectives, market based and opportunity cost approaches, cost based transfer prices and more. Finish out the chapter with 39 professional exam questions.
Week 4
5 hours of tuition
GMT
On-demand
self-paced
On-Demand
self-paced
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ELITE COURSE ONLY
Risk and Uncertainty
This chapter covers a variety of useful tools and methods for establishing and quantifying risk and uncertainty. You’ll come away with an understanding of (among other things) sensitivity analysis, expected values, perfect information, risk appetite, joint probabilities, and normal distribution tables. The chapter concludes with 38 test questions.
GMT
On-demand
self-paced
On-Demand
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ELITE COURSE ONLY
Analysis and Management of Risk
In this final chapter you’ll learn a variety of ways of interpreting and dealing with risk. After learning about different categories of risk, you’ll be grounded in risk mapping, ethical threats, corporate social responsibility and information systems. The final chapter test presents you with 30 tricky exam-style questions.
Week 5
7.5 hours of tuition
GMT
Mock Exam
self-paced
On-Demand
self-paced
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ELITE COURSE ONLY
Mock Exam 1
Now it’s time to get down to business with VIVA’s first complete, CIMA-style mock exam. Replicate the real-life P2 exam and master your technique by taking 60 questions in 90 minutes.
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Mock Exam
self-paced
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ELITE COURSE ONLY
Mock Exam 2
A second mock exam offers you an additional 60 unique exam-grade questions under timed conditions.
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Mock Exam
self-paced
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Mock Exam 3
Mock 3 includes yet more original P2 objective test questions, again replicating timed exam conditions.
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Mock Exam
self-paced
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Mock Exam 4
Need some extra practice before your exam? Our fourth mock exam compiles a random selection of 60 questions from across the entire bank of post-chapter questions.
GMT
Mock Exam
self-paced
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Mock Exam 5
One more post-chapter compilation for good measure - 60 exam-grade questions in 90 minutes to give you that extra bit of confidence on exam day!
Week 6
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Week 7
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Week 8
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Hotspot sessions

As well as access to over 10 hours of on-demand video lectures covering the core syllabus, you will find bonus "Hotspot Sessions". For those particularly trick subject areas, your tutor offers a deeper dive to ensure understanding.

  • Complex topics are broken down into plain English
  • All hotspot topics are explained with concrete examples
  • Walkthroughs of exam-style questions to ensure full comprehension

Live webinars

Tap into your course tutor’s deep expertise by asking questions & getting answers immediately. From pre-seen analyses to mid-course check-ins, our live sessions cover a range of topics and student needs. And if you miss a session, you can always watch the replay.

  • Interact with your CIMA tutors during Q&A segments
  • Never miss a session with full replay access
  • Mock writing guidance, theory applied sessions, and more.

Personalisation and learning analytics

Our course design is based on the latest science of learning. Part of optimal study is ensuring that you have the data and control that you need to shape the resources to your needs. VIVA does just that.

  • Data dashboard to track your course progress and average scores
  • Control video playback - slow down or speed up as you require
  • Progress tracker ensures you know where you last stopped studying

Online exam simulator

Not only to do you get 500+ CIMA-grade practice questions as standard - but you get to practice these in our online exam simulator, to ensure maximal preparation for the real-life exam!

  • Choose from 3 time modes - No Limit, Exam Mode, or Quick Mode
  • Choose how you see your answers - after each question, or after the exam
  • See mock breakdown of how you scored in each syllabus area

Complete mock exam coverage

The Case Study course comes complete with professionally written mock exams as standard (3 for OCS, 5 for MCS and SCS), freshly written for each new pre-seen cycle. Our mocks are weighted in accordance with official CIMA subject and grading criteria.

  • Professionally written mocks tailored to current pre-seen document
  • Model solutions written by former CIMA prizewinners
  • Unlock mock marking at any time for complete exam preparation
Elite only

Live Workshops

As an Elite Student, you will gain access to 12 hours of private, live cohort workshops with your expert Case Study tutor. Each workshop is thematically focused on a different aspect of the Case Study exam, with an emphasis on practice, application, and exam technique secrets.

  • Work with your tutor and fellow Elite students on problems
  • Offer and exchange ideas, feedback, and doubts with your tutor
  • Develop answers and insights in collaboration
Elite only

Tutor-led Forums

As an Elite student, you will gain exclusive 24 hour access to a private, tutor-led Slack discussion group. Here you will be able to post and share queries, topics for discussion, helpful sources and articles. Your tutor will also regularly share helpful materials, and prompt discussions and debate between workshop sessions.

  • Bounce ideas off fellow Elite students in relaxed environment
  • Take advantage of Slack's great community features
  • Seek assistance from your Tutor at any time

Live workshops

Our live sessions are run outside of work hours. Tap into your course tutor’s deep expertise by asking questions & getting answers immediately. From pre-seen analyses to intensive workshops, our live sessions cover a range of topics and student needs. And if you miss a session, you can always watch the replay.

  • Interact with your CIMA tutors
  • Elite workshop sessions with lecturer and small student cohorts
  • Receive regular notifications on upcoming webinars

Tutor-led private discussion group

"I have tried mocks from other providers, but VIVA's are the best". Neofytus (SCS Aug17) isn't alone in thinking this. Our Case Study mocks are written in-house by our team of CIMA experts, tailored to the current pre-seen, and modelled closely on the real CIMA papers. Practice in our online exam simulator under timed conditions.

  • 13 Mock Exams per exam window across OCS, MCS and SCS
  • Professionally prepared model answers with every mock
  • Marking services can be added at any time

Mock marking

120+ hours of video lectures by subject experts, covering the entire CIMA syllabus. That's an average of 10 hours per subject. Watch anywhere, anytime. All our lectures are concise, high definition, using only the highest quality audio and example-led visualisations.

  • Special hotspot sessions devote additional time to tricky areas
  • Learning interface keeps track of where you stopped watching
  • View at any speed setting that you prefer

Tutor office hours

"I have tried mocks from other providers, but VIVA's are the best". Neofytus (SCS Aug17) isn't alone in thinking this. Our Case Study mocks are written in-house by our team of CIMA experts, tailored to the current pre-seen, and modelled closely on the real CIMA papers. Practice in our online exam simulator under timed conditions.

  • 13 Mock Exams per exam window across OCS, MCS and SCS
  • Professionally prepared model answers with every mock
  • Marking services can be added at any time
Course Tutor Picture
Your expert tutor
Nick Drape

Nick Drape currently lectures at the University of Liverpool and was nominated by PQ Magazine for lecturer of the year 2020. He has extensive experience both in practice as an accountant, and in financial training, where he worked at Kaplan and PwC, before joining the University of Liverpool in 2015.

Nick teaches VIVA's P2 course.

CIMA Global Pass Rate Excellence Award Badge

VIVA was one of only six tuition providers worldwide to win the prestigious CIMA Global Pass Rate Excellence Award in 2020.

Purchase options

Course Pricing

Choose a single course or our excellent value All Access Pass
Choose from our Standard* or Elite Courses
(*Standard Courses are included in All Access membership)
P2 Objective Test
Standard Course

A comprehensive online course for the independent learner

Pre-seen Analysis Lectures (4 hrs)
Objective Review Lectures (3 hrs)
E3/F3/P3 Applied Lectures (6 hrs)
E2/F2/P2 Applied Lectures (6 hrs)
E1/F1/P1 Applied Lectures (6 hrs)
5 Mock Exams with Solutions
3 Mock Exams with Solutions
Tutor-Annotated Pre-seen
2 Live Tutor Check-in Sessions
100s of Pages of Course Notes
Unlimited Replays of Live Webinars
Private Student Discussion Group
Live Tutor Workshops (12 hours)
Mock Marking*
Personal Tutor Office Hours
3 Live Mock Debrief Sessions
Private Tutor-Led Forum

Course access runs until 31st of August 2022.
*Mock marking can be purchased separately at any time.

P2 Objective Test
Elite Course

Ideal for students seeking intensive, personalised 1-to-1 training

Pre-seen Analysis Lectures (4 hrs)
Objective Review Lectures (3 hrs)
E3/F3/P3 Applied Lectures (6 hrs)
E2/F2/P2 Applied Lectures (6 hrs)
E1/F1/P1 Applied Lectures (6 hrs)
5 Mock Exams with Solutions
3 Mock Exams with Solutions
Tutor-Annotated Pre-seen
2 Live Tutor Check-in Sessions
100s of Pages of Course Notes
Unlimited replays of live webinars
Private Student Discussion Group
Live Tutor Workshops (12 hours)
Mock Marking for All Mocks
Personal Tutor Office Hours
3 Live Mock Debrief Sessions
Private Tutor-Led Forum

Course access runs until 31st of August 2022.

P2 Objective Test
Single Course

Access to the P2 Objective Test Course until the end of the chosen exam window.

OCS
OCS
E1
E1
P1
P1
F1
F1
MCS
MCS
E2
E2
P2
P2
F2
F2
SCS
SCS
E3
E3
P3
P3
F3
F3

Ideal for those who are soon sitting the P2 Objective Test but are unsure of their future study plans.

CIMA All Access Pass
All 12 CIMA Courses
Unlimited access to all CIMA Courses for 12 months, inc all Case Study & Objective Test mock exams
OCS
E1
P1
F1
MCS
E2
P2
F2
SCS
E3
P3
F3
Designed for those students who would like to complete 2 or more courses over the next year.
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Learn for less

CIMA All Access Pass

Unlimited Access to all CIMA Standard Courses for 12 months. Designed for students who would like to complete 2 or more courses over the next year.

Access to all CIMA Courses for 12 months

OCS
E1
P1
F1
MCS
E2
P2
F2
SCS
E3
P3
F3

Designed for those students who would like to complete 2 or more courses over the next year.

  • 1,000+ hours of premium CIMA study content
  • All Case Study/Objective Test Mock Exams included
  • Hundreds of hours of on-demand video lectures
  • Downloadable course notes covering entire syllabus
  • All materials automatically updated throughout year
Only £34 per course, saving you £1000s vs buying each course separately!
£369

Trusted by over 10,000 students

Join our rapidly growing community.
Tomasz Kociuba
I recommend VIVA's approach to teaching because the courses are succinct, comprehensive and focused on practice which makes them very effective. I received very constructive feedback on my mocks.
Guido Sgarbi
I have noticed a significant increase in my marks after the introduction of VIVA's professional marking and feedback. I managed to pass all three Case Study exams at the 1st attempt and this wouldn't have been possible without VIVA.
Ricardo Argibay
I used VIVA when I did my MCS in Feb17 after failing the exam once with a different provider and the resources received from VIVA were amazing. I nailed the exam! My only regret is not knowing about them before.
Godson Kumah
I have passed my SCS using VIVA. I had failed 3 times with other tuition providers. The difference for me was expert feedback on the mock exams.
Christine McCann
The information provided is clearly broken down, easy to read, and the support is excellent!
Shaminda Angodage
When I started VIVA's course I was not sure what to expect during the exam, but I feel much more confident now. Thank you so much to Kelly and the amazing team at VIVA!
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Course FAQs

If I fail my exam, will I still have access to the VIVA course?

That depends on the plan you purchase. If you purchase a single case study course, you will have access for the duration of the relevant exam window (i.e. until the final CIMA exam date for that window). If you purchase a single objective test course, you will have 6 months of access to the course from the date of purchase. If you purchase the All Access membership, you will have access to the course (and all courses) for 12 months from the date of purchase. And don’t worry: your subscription/access will not auto-renew. You will be automatically notified when your access is due to expire, but you get to decide whether or not you would like to renew.

How is this course so cheap? I see other tuition providers charging thousands for single courses.

VIVA was born entirely online, and since day one has maintained a small team of dedicated experts. This low cost-base has allowed for relatively high investment in a streamlined online learning platform and high-quality production values. This in turn has allowed us to scale our tuition rapidly, reaching thousands of students across the world.

Our low cost-base and scaled delivery affords us the luxury of being able to charge radically lower prices for premium-grade courses than traditional, brick-and-mortar tuition providers (or online providers with bloated administration and sales teams who target and service large institutional clients).

What’s VIVA’s pass rate?

Due to GDPR restrictions, it is increasingly difficult to compile our students’ pass rates whether directly or via CIMA. However, VIVA has had consistently high pass rates over the years, and this is attested to by the fact that VIVA was awarded the prestigious Global Pass Rate Excellence Award in 2020 by CIMA itself.

Make sure to check out what students are saying about us here.

Does VIVA offer feedback/marking on students’ mock exam answers?

Yes. After you purchase a Case Study course or All Access membership with VIVA, you will be offered the chance to add marking services to your account. You will be able to purchase corrections for anywhere from 1 mock exam to 5 mock exams, and these can be used during any of the Case Study exam windows. Once you have 5 mock exams corrected (whether during one exam window or across several), you can repurchase corrections services as and when needed.

Case Study Elite course students have marking for 5 mock exams included as standard.

Can I download the video lessons, or view them offline?

No, the video lessons can only be viewed online on VIVA’s website and may not be downloaded due to copyright restrictions.

What if I don’t like the course? Is there some kind of money back guarantee?

Yes, if within 72 hours of purchasing you are not satisfied with VIVA’s course, you are entitled to claim an immediate refund - no questions asked.

I have another question that is not answered here. How can I get in touch with VIVA?

If you're still confused, just drop us an email at info@vivatuition.com, or use our live chat box (bottom right), and a member of the team will be happy to help.