P2 Advanced Management AccountingP2 is concerned with how to create value for the organisation through the effective management of costs, quality and capital investment. P2 also considers how to measure and manage the performance of the organisation and of divisions within the organisation. Finally, P2 considers the importance of risk management. In all of these areas the focus of P2 is on managing performance over the medium term in order to create value. Syllabus areas: A Managing

Applied Management Accounting

Understand the purpose and use of management accounting within organisations

and dividend policy decisions

Financial Accounting learning outcomes:

capital gains tax and inheritance tax

Explain and discuss the law regulating contracts

Proprietorship accounting including

There is an introduction to measuring financial performance with the calculation of basic ratios

Interpret financial statements using profitability ratios

the Case Study exam ensures you can put your theoretical understanding to use in a real-world situation

calculate the corporation tax liabilities of companies

Calculate VAT