Please guide me

Helo ever1/…i hope everry1 ok…i have started studying p3…i am confused about the changes. I gave the read the technical articles,,,can ne1 help which part/area is removed from the syllabus…i think i under what new has been added,,,,,

1—”Section F
The original section F was on quality management. This
has been removed from the syllabus. The new section F is
a restructuring and extension of the original section G –
project management.”’

does this mean that quality management /tqm/tqm model are removed from P3 syllabus ??

2—-”Section F
The original section F was on quality management. This
has been removed from the syllabus. The new section F is
a restructuring and extension of the original section G –
project management.
A completely new Study Guide subject area is included under
F2. This looks at building the business case for a project. The
background material for this section is provided by another
book added to the Reading List. This is Benefits Management by
John Ward and Elizabeth Daniel, published by Wiley.
Here are the detailed learning objectives within this new
subject area on Building the Business Case.
a Describe the structure and contents of a business
case document.
b Analyse, describe, assess and classify the benefits of a
project investment.
c Analyse, describe, assess and classify the costs of a
project investment.
d Establish responsibility for the delivery of benefits.
e Explain the role of a benefits realisation plan.
Introducing this subject area into the syllabus provides
candidates with the opportunity to study contemporary benefits
management theory, including the classification of benefits
and the need to distinguish between financial, quantifiable,
measurable and observable benefits.
It also allows the assessment of investment appraisal using
standard techniques such as the accounting rate of return,
time to pay back, net present value and the internal rate of
return. An evaluation of the strengths and weaknesses of these
techniques will also be expected.
An example of how this subject area might be assessed is
provided in the revised Pilot Paper.”

Is this talking about F2 or this part is included in p3 as well ??

3—- As well as introducing the subject area on building the
business case, there have also been a few structural changes to
the project management content.
Specifically these are:
¤ Study Guide learning objective F4e recognises the need to
integrate gateways and benefits management into the formal
monitoring of projects. Gateways will consider whether the
project is still on track. For example, they would check that
there had not been scope creep in project requirements.
The business case will also have to be re-visited to ensure
that the business case that initially justified the project was
still appropriate.
¤ In Study Guide objective F5b, the syllabus now distinguishes
between a post-project review (about the project) and a
post?implementation review (which is primarily about the
product produced by the project).
¤ Learning objective F5c concludes the benefits management
theme, stressing the need to see whether the benefits
identified in the original business case were realised and that
cost assumptions were correct.
¤ Study Guide learning objective F5e recognises the need for
lessons learnt to be fed back into the project management
and benefits management process.
Overall, the project management section has been strengthened
in the revised syllabus. Candidates must ensure that they
cover it thoroughly. Evidence from Past Papers suggests that
many candidates.

Is this addition or highlight talking about p3 or F2 ??

4—-Section G
This section of the syllabus concerns Financial Analysis. This
was previously within section H in the original syllabus. A
complete subject area has been added to this section. It is G3
and the original H3 has become G4.
This completely new subject area concerns the role of
cost and management accounting in strategic planning
and decision-making and is assessed through the following
learning objectives:
a Explain the role, advantages and possible limitations of a
budgetary process.
b Explain the principles of standard costing, its role in
variance analysis and suggest possible reasons for
identified variances.
Ca ndidates ar e encourag ed to
take a wide view of the pricing
pr ocess . They shoul d consider
the pricing objectives of the
organisation and how demand
could be determined
Studying Paper P3?
Performance objectives 7, 8 and 9 are relevant to this exam
student accountant issue 17/2010 02
c Evaluate strategic and operational decisions taking into
account risk and uncertainty using decision trees.
d Evaluate the following strategic options using marginal and
relevant costing techniques.
i Make or buy decisions
ii Accepting or declining special contracts
iii Closure or continuation decisions
iv Effective use of scarce resources
The content of this subject area should be very familiar to
candidates. It complements the financial accounting references
of this syllabus (in Study Guide subject area G4).
As a guide to the content of, and level at which G3 and G4
will be examined, the book Accounting and Finance by Peter
Atrill and Eddie McLaney, published by Prentice Hall, has been
added to the Reading List. The content of this book is at an
appropriate level for this exam. However, in reality, candidates
will know much more from their previous studies. Again, the
challenge will be to use this knowledge in a wider business
environment, in the context of a specified case study.
Section G was previously Section I in the original syllabus.
Two complete subject areas within this section have been
removed. These are I2 (performance management) and I3
(reward management).

do we have to do calculation for costing, make or buy, close or retain etc ?