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ACCA Paper P3 – Key to success
Nature of the ACCA P3 paper
ACCA P3 Paper – Business Analysis – is concerned with analysing organisations, devising and deciding on strategic plans for them, and dealing with some aspects of implementing those plans. There is a significant use of F5 topics in the analysis and decision-making stages.
Free ACCA P3 course notes
To fully benefit from these notes please access our free lectures below.
Note:These course notes are not meant to replace study texts. To succeed in your exam, you need to get updated Revision kit from an ACCA approved publisher.
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ACCA P3 Revision lectures
We have recorded also lectures which are based on past ACCA P3 Exam Questions
Exclusive Article for ACCA Paper P3
Essential F5 and F9 skills for P3
Some important methods and techniques that were introduced in the F5 and F9 syllabuses are assumed knowledge in the P3 syllabus. This article provides five simple examples to help revision of some of these topics.
Details of brought forward techniques can be found in the Study Guide.
Click below to download (login/register first)
P3 question practice
It seems that some of the main-stream P3 revision kits do not address the new or enhanced areas in the syllabus very well.
Recent articles in SA magazine will certainly help you with the theory:
Business strategy and pricing (Feb 2011)
Business forecasting and strategy (Jan 2011)
Project management (Oct 2009).
You should also look at the examiner’s article ‘Business analysis – changes to the syllabus from June 2011? (Aug 2010).
All articles are listed at ACCA Website
It is also very important to look at the new P3 current pilot paper
However, that still leaves you with few practice questions to try.
Therefore, OpenTuition hopes to publish some questions and answers (not necessarily full 25 mark questions) that will provide you with question practice in the new syllabus areas.
ACCA P3 Revision Tests:
New P3 test – SWOT Implications Test
In doing a SWOT analysis in the exam it is important not just to say something like: “Weakness: Little spent on R&D”.
That would be doing little more than copying part of the question onto the answer sheet. Always think about consequences: try putting ‘therefore’ after the item identified to make you state consequences.
Take on line our new test for Paper P3
In P3 you need to be able to apply models to question scenarios, and usually the model that would be useful is not specified, or not specified directly.
See if you can identify which model would probably be most useful in the following circumstances.
Tips for ACCA P3 December 2013 exam
Strategic appraisal and strategic recommendations. Portfolio management
Business process change: Harmon’s Process Strategy Matrix; Balogun and Hope Hailey.
Use of IT for marketing and improving the value chain
Activity based costing and pricing
Tips should not be relied on – they are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.
Examiners Recommended Reading
Johnson G, Scholes K and Whittington R, Exploring Corporate Strategy: Text and Cases: Enhanced Media Edition (Enhanced Media Text & Case) Prentice Hall
Chaffey D, E-Business and E-Commerce Management,Prentice Hall (2004)
Bratton J and Gold J, Human Resource Management: Theory and Practice (2003)
Tricker R and Sherring-Lucas B, ISO 9001: 2000 In Brief: 2000 in Brief (In Brief) (2001)
Pande P and Holpp L, What Is Six Sigma? McGraw-Hill (2002)
Grundy T and Brown L, Strategic Project Management, Thomson Learning (2002)
Schwalbe K, Introduction to Project Management, Second Edition (2006)
These books are recommended by the examiner. If you are having problems with a particular paper, or if you want to do extra reading out of interest, then you might them useful.
The most efficient way of obtaining them is from Amazon in the UK.