SBL*** ACCA P3 June 2018 Exam was.. Instant Poll and comments ***

@faruqacca said: Only able to manage to answer for 75%. Don't know what will happen?

If you are sure 70% of correctness of 75%, then confirm you will pass.

It was ok to me, as it is not difficult this time, compared to previous past papers. Guess most of us would choose to answer Q1,Q2 &Q4. Q1 is quite straight forward, SWOT & TOWS matrix, I thought it could be PESTEL and 5 Forces questions will come out in Q1. SAF is also not that difficult. Only need to write more on Suitability. Q2 came out before for Software Package evaluation, selection & implement. - Usually I will answer through Harmon Process Matrix, Business Case, Define Requirement, Proper Tendering, Evaluate of Suppliers, Implementation Issue. Advantage of COTS - Cheaper, Quick, Reliability, Less errors, Be able to gain competitive advantage of Industry Practice. Q4. 5 forces come out in this question, just wrote as more as I can, disadvantage & advantage for acquisition, just roughly described - quick to enter into market, expensive, culture disruption.

Q1 I wrote the Government funding as a weakness. Thinking there would be competition with FLC. As per the data they were also into public funding and the figures were on an increasing trend. So I thought the government funding would affect that. I'm not sure if this is correct though Q4 - I think the competition for new entrants was tough cuz the big three were dominating the market. Also there were these groups who were encouraging home food or something I believe. Existing competition, suppliers, customers and substitutes were a little straight forward

Hi I was thinking along the same lines!!!

Hello all, i forgot to write "REPORT" at the top of the report in Q1a but wrote all the other components relation to the format such as : To: From: Date; Subject : Introduction Headings & short paragraphs and Conclusion. Would i lose any professional mark relating to the format ?

2b question is similar to Q4a - June 2016

@ikamarakay said: Hello all, i forgot to write "REPORT" at the top of the report in Q1a but wrote all the other components relation to the format such as : To: From: Date; Subject : Introduction Headings & short paragraphs and Conclusion. Would i lose any professional mark relating to the format ?

i believe professional mark is given based on the overall structure as well. Appropriate headings (REPORT) is also one of the requirements. There is actually an article written by the p3 examining team on how they assess the professional marks

Had such a nightmare of an exam! So gutted considering its the last sitting and I will lose my P1. I dont know why but for 1c I wrote the adv and disadv of the potential acq when I should of used the SFA model Did not have enough time for Q2 and Q4. Really disappointed in myself considering how much better I could have done.

It was a bit fair compared to the previous ones. I forgot to put a date on the report.not sure how many marks that carries. My only worry is that i will loose p1 if i fail this p3 exam.That will be sad for me. Hoping for the best

I have never finished any ACCA exam in my life but I do pass even by attempting 75% of the question.I remember answering only q1 and Q2 in p1 but i passed.

Hi Meena, Whichever model you have used as long as you extracted and made analysis from the case and explain the rationale/ valid points for the same, you will be collecting marks. In P3, there may not be a standard answer for the case studies. You will be assessed on your analysis skills and how you have made use of information provided and derived any conclusion along with plausible assumption. I guess thats the main criteria the examiner would be assessing us with.

Did anyone else do Question 3?

If I pass P3 will be so happy. Other wise I will loose my p1 . Disappointing and jut leaving ACCA.

Even if I get 50% will be so happy. Otherwise I will loose my p1.??

I'm in a same situation. And only answered 75% Marks.???

Can someone who had done porter’s 5 forces question shows how they answered.

Decent paper i think, but not enough time!!!!

Couldn't find opportunity

For Q2B i criticised off the shelf system over bespoke system as the customers want to know which oraganisation was raising its funds. Hence bespoke system would be beneficial as it is developed using the requirements of the customers. Am i correct?????

For Q2B i criticised off the shelf system over bespoke system as the customers want to know which oraganisation was raising its funds. Hence bespoke system would be beneficial as it is developed using the requirements of the customers. correct???

Q1: A weakness of the company, as I thought and analyse is the same nature of business that the organisation was doing. Pulling funds and financing other companies, especially private, is quite risky business. Generally, the questions, even were a little tricky, were giving you the ability for self-analysis. For last time, P3 was quite good.

For Q2B i criticised off the shelf system over bespoke system as the customers want to know which oraganisation was raising its funds. Hence bespoke system would be beneficial as it is developed using the requirements of the customers. Am i correct?? Please do reply!

Trying to remember what I wrote but here is some of what I can remember Threat of buyers I just spoke about the obesity issue and people looking to eat healthy. Also mentioned about the geographical area and the fact that people only really ate the food from that region Threat of new entrants I just spoke about the % of the market and how hard it would be to get in due to the restaurants already there. Think there was something about the Government stopping new people but I cant remember Threat of Suppliers I spoke about how the restaurants in the markets already have a hold over the farmers because they buy their produce and are involved with the factories that produce the likes of the burgers so they would find it hard to get companies willing to supply them. Rivalry I went into detail about the restaurants and the food they do. Substitute's I mentioned that people might not go out and start to cook at home if they want to have a healthier lifestyle

Your point with being unable to budget cashflows due to flexibility allowed is an excellent point! I could have only come up with the decrease in the car leases in their portfolio for weaknesses.

Can anyone please answer my question For Q2B i criticised off the shelf system over bespoke system as the customers want to know which oraganisation was raising its funds. Hence bespoke system would be beneficial as it is developed using the requirements of the customers. Am i correct??

Exam was about right level

For weakness in Q1 i stated that allowing customers payment holidays increases risks of unrecoverable debts due to the fact that customers would most likely require the payment break when they have cash flow issues. Answered Q3 of section B as felt confident with the benefits management process

Bespoke rather than off the shelf?? I think no matter what opinion you gave as long as you had good reasons for your opinion then you would get marks even if it's not the answer they are looking for...I put off the shelf for cost reasons with possible adaptations to the package when upgraded etc or just selecting an off the shelf option that better suited requirements also as not for profit organisation who had to justify how much they were spending. Not sure if was the answer that is expected but same as many others need to pass or p1 lost also ? good luck everyone

Thanks Megand. I justified bespoke software rather than off the shelf because: - The customers wanted to know when organisation was raising its funds hence bespoke would be beneficial as it is developed by customers requirements. -By developing bespoke software would mean that the organisation would be the supplier (Owner) of the sofware. Hence no escrow agreement would be required as the supplier would not cease trading with the organisation. This would reduce cost. - Due to bespoke software being developed through customers requirements this would reduce maintenance cost such as users training as some of the staff would be aware of how to operate the software. -The charitable organisation was lacking IT Support, Hence this would have an impact on the functionality of the off the shelf software as it requires technical support to avoid technical hardware/Software faults. Hope this is correct and i have justified well! Please do reply if i am correct?

I may be wrong, but i think the question seems to require us to justify why off the shelf > bespoke? Or could it be the other way too?