Acca P3 Revision Notes Essay

5882 Words Dec 6th, 2011 24 Pages
ACCA P3 – PROFESSIONAL LEVEL
Business Analysis

SMART Notes Prepared by Darren Sparkes Email: darrensparkesnotes@sky.com
ACCA P3 - Business analysis These notes are not intended to cover the whole of the ACCA P3 syllabus ©Darren Sparkes, 2010

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Contents

Page no.

Paper 3 Examiners Approach…………….….... 3 Extracts from the Examiners report ……….…...4 Examination Technique……………….…..……..7 Background and examination format..…............9 Syllabus Overview………………………...........10 Strategic Planning………………………...….....11 Mission and Objectives…………………………12 Business & Professional Ethics..………….…...13 Internal Analysis……………….……………..…14 External Analysis……………..………………....15 Strategic Options……………………….……….17 Method of
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Most candidates seemed to be unfamiliar with the concept of competency frameworks or their potential application. This was despite an article in Student Accountant magazine.

ACCA P3 – Business Analysis

These notes are not intended to cover the whole of the ACCA P3 syllabus

© Darren Sparkes, 2010

5

Therefore, to pass P3 learn from the examiners comments: • Analyse the requirements – verbs and keywords • Planning – think before you write the answer • Application, application, application • Theoretical answers score few marks • You can only apply what you know – learn it! • Use and interpret the numbers (they are usually easy calculations so it’s the interpretation that gets the marks) • Time management – the marks are your guide

ACCA P3 – Business Analysis

These notes are not intended to cover the whole of the ACCA P3 syllabus

© Darren Sparkes, 2010

6

Examination Technique to give the Examiner what he wants PADI – Plan, Analyse, Design, Implement
PLAN
1. USE 15 MINUTES READING TIME WISELY • Examine section B questions and choose the two on which you can MAXIMISE MARKS (not necessarily those on your ‘favourite’ topics) • If you have some time left then analyse Question 1 requirements and skim read the Q1 scenario to get a feel for the relevant issues and identify where

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