ACCA P3 – Business Analysis

Introduction

Studying for the P3 exam

The content of this Knowledge Bank is not designed to be a substitute for a structured system of study towards the exams but rather should help complement your chosen study system.

In particular,

• we do not guarantee full syllabus coverage,
• the knowledge bank focusses on knowledge, concepts and ideas but has very few worked examples or graded exercises for you to practice,
• there are no past exam questions here to attempt
• examiner's articles are not repeated here.

We highly recommend that you complete a structured course of study and obtain text books and exam kits to improve your chances of exam success.

Using the Kaplan Financial Knowledge Bank

The main benefits of the way the content is presented and accessed via the Knowledge Bank are as follows:

• a quick answer to a quick question - if you have a P3 query then you should be able to access a trusted answer quickly and efficiently using either the search function, the top navigation bars or /and the side navigation.
• integrated knowledge - examiners often criticise students for not appreciating how different topics fit together. By following the structured links and navigation bars in the content, you can explore related concepts to integrate your knowledge.

• assumed knowledge - you can revise assumed knowledge from F1, say, by searching for the relevant topics and reading around the subjects

The ACCA P3 syllabus

 A good page to start on if you are unclear where to begin would be the overview Business Strategy page and then explore further using the menu on the RHS.

Other useful starting points for exploration are linked to syllabus areas below.   

The syllabus for P3 is split into 7 main areas:

A Strategic position

As well as the overview Business Strategy page, you should also look at the Strategic Analysis and the Stakeholder Analysis pages.

B Strategic choices

 The best page to start with for this syllabus area would be the Strategic Choice page.

C Strategic action

 The Strategy into Action page covers the main aspects of this syllabus section.

D Business process change

 Start with the page on Business Process Change.

E Information technology

 Start with the page on e-business.

F Project management

 Content on these topics will be added at some stage in the future. Visit this page again for updates.

G Financial Analysis

 The P3 examiner expects you to do some basic calculations as well as discuss strategic issues. These focus mainly on Management Accounting and Decision making.

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