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Workings and Answers for P3

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Workings and Answers for P3

  • This topic has 2 replies, 2 voices, and was last updated 9 years ago by kylerlu.
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    Posts
  • August 8, 2016 at 5:18 am #331892
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi Sir Ken!

    Just a quick question regarding the way answers should be written for P3: Identification, Description, Effect, Implication.

    For example, the question is about PESTLE.

    Identification: would be Political… Etc

    Decription: would be describing Political environment as significant in which organisations operate.

    But for effects and implications, are these similar to finding case facts about political factors? What’s the difference between effects and implications? I believe most of the marks will be allocated in these two points?

    Also, are we required to show workings for calculations done?

    Hope to hear from you soon.

    Best regards,
    Kyle

    August 8, 2016 at 11:35 am #332015
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10618
    • ☆☆☆☆☆

    I: Political
    D: Election coming up and govern,emt might change
    E: New government might cut back spending
    I: Less government provision of services might be an opportunity for private provision (or, if we supplied government, we could suffer).

    Don’ worry too much about spltting out effects and implications as these nearly overlap. The important thing is to trace through to what something means to your organisation.

    August 12, 2016 at 9:01 am #332812
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Thanks for the advise Sir Ken! God bless!

    Best regards,
    Kyle

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