P2 Textbook Syllabus
Chapter 1
Syllabus A. Managing The Costs Of Creating Value
Activity-Based Management
- Introduction to ABC
- Activity Based Costing (ABC)
- Activity-Based Cost Hierarchy
- ABC Benefits and Drawbacks
- Activity Based Management (ABM)
- ABM Techniques
- Practical Consequences Of ABM
- Design decisions, Cost driver analysis and Performance evaluation
- Customer Profitability Analysis
- Distribution Channel Profitability
- Direct Product Profitability1:59
Total Quality Management
- Total Quality Management (TQM)
- Just-In-Time2:06
- JIT and TQM
- Throughput Accounting
- Improving a TPAR
- Throughput Accounting in Multi-Product situations
- Kaizen Costing
- Japanese Management
- Business Process Re-engineering
- Elimination of non-value adding activities
Techniques For Enhancing Long-Term Profits
- Deriving a Target Cost
- Target Costing in Service Industries
- Closing a Target Cost Gap
- Value Analysis
- Value Chain Analysis6:06
- Identifying the Costs at different stages of the Life Cycle
- Benefits of Life Cycle Costing
Chapter 2
Syllabus B. Capital Investment Decision Making
Data Required For Decision-Making
- Capital Budgets And Phases Of Investment Decision-Making
- Non-financial factors in LT decisions
- Primary and Secondary Data Collection
- Good Quality Data1:02
- Business Intelligence Systems2:09
- Relevant Costs
The Steps And Pertinent Issues In The Decision-Making Process
- Investment Appraisal Process
- NPV2:39
- NPV Theory
- Inflation Basics2:03
- Money & Real Rates2:34
- Discounting3:18
- Annuities & Perpetuities4:21
- Capital investment real options
Investment Appraisal Techniques
- Payback method3:00
- Adjusted Payback3:05
- Accounting Rate of Return13:11
- Internal Rate of Return2:57
- NPV v IRR4:51
- MIRR
- Capital Rationing - Hard and Soft
- Capital Rationing & Divisible Projects6:29
- Capital Rationing & Indivisible Projects6:29
- Asset Replacement Decision4:44
- Real Options
Pricing Strategies
All subject exam questionsChapter 3
Syllabus C. Managing Performance Of Organisational Units
Performance Of Responsibility Centres
- Divisionalisation
- Responsibility Accounting
- Cost, Profit, Investment And Revenue Centres
- Principle of Controllability
- Attributable and Controllable costs
- Big Data
- Data Visualisation0:48
- Flexed Budgets
- Fixed Budgets
- Control reports
Performance Reports
All subject exam questionsApproaches To Performance Measurement
- Non-Financial Performance Indicators
- Critical Success Factors And Key Performance Indicators
- Balanced Scorecard
- Advantages And Limitations Of The Balanced Scorecard
Transfer Pricing
- Transfer Pricing
- Transfer Pricing - Imperfect Market
- Transfer Pricing - Perfect Market
- Transfer pricing - Division A has Spare Capacity
- Behavioural Consequences In Responsibility Centres
Chapter 4
Syllabus D. Risk and Control
D1. Information Analysis For Long-Term Decisions
- Risk and Uncertainty Basics0:47
- Nature of Risk
- Sensitivity Analysis
- Probability Analysis2:04
- Joint Probabilities2:41
- The Value of Perfect and Imperfect Information
- Maximax, Maximin and Minimax Regret
- Decision Trees
- Bayes Theorem
- Standard Deviations
- Probability And Normal Distribution
- Value at Risk
- Monte Carlo Simulation
D2. Management responsibilities with regard to risk
- Risk Appetite
- TARA4:31
- Ethics
- Business Ethics
- CIMA - Fundamental Principles2:23
- The Role of IS
- IT – Enabling Transformation
- Big Data
- Big Data - The 3 V's