p3 changes

8/3/2019 P3 Changes

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P3 - BUSINESS ANALYSIS

Business Analysis (P3) targets two overriding business issues:

The external forces shaping the environment in which an organisation operates, including customers, competitors,legal matters and regulation.

1.

The internal forces within the organisation, including ambitions (desire for growth), process design, competencesand financial resources.

2.

Throughout your P3 studies you will consider both of these issues, from assessing strategic position and choice toidentifying and formulating strategy and advising on strategic action. You will be identifying opportunities to add valueusing people, finance and information technology and examining how to manage new programmes and projects. Thispaper specifically builds on your knowledge from F1, F5 and F7.

ACCA 2011 Syllabus Change

There have been some significant changes to the Business Analysis paper in the ACCA syllabus.

Ins:

Cost and Management Accounting – this addition to the syllabus includes the role of cost and managementaccounting (including budgeting) in strategic planning and decision making. There is also an emphasis on cost

management in both the life cycle model and internal competencies and capabilities.

A number of accounting management techniques will be assumed knowledge from previous studies, e.g. varianceanalysis and use of relevant costs. Decision trees are also assumed knowledge, but were not previously in the F5syllabus. P3 students who sat F5 under the old syllabus will therefore need to study this topic.Forecasting – virtually every form of decision making and planning requires forecasting so you will now be

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8/3/2019 P3 Changes


expected to evaluate methods of business forecasting. This will include principles, evaluation and consequencesrather than mathematics.Project Management – concluding projects now has more emphasis in the syllabus and a new section on

building the business case has been added (including project costs). There is also more emphasis on benefits

analysis in this section.E-business (down stream) – in this section you will now be expected to describe in detail the process forestablishing a pricing strategy for products and services.

Outs:

To make room for the additions and to remove any overlap with Performance Management (P5), People (old section I)has been trimmed down and the following have been removed from the syllabus:

Quality Issues (old section F)Performance management (old section I2)

Reward management (old section I3)

Paper P3 Syllabus Summary:

Assess the strategic position of an organisationEvaluate the strategic choices available to an organisation

Discuss how an organisation might go about its strategic implementationEvaluate and redesign business processes and structures Integrate appropriate information technology solutions tosupport the organisation’s strategy

Advise on the principles of project management to enable the implementation of aspects of the organisation’sstrategy with the twin objectives of managing risk and ensuring benefits realisation

Analyse and evaluate the effectiveness of a company’s strategy and the financial consequences of implementingstrategic decisions

Assess the role of leadership and people management in formulating and implementing business strategy.

Tutors at BPP

The best feature of BPP was the ability of tutors to develop an understanding of the key concepts at hand. This issomething I felt other tutors often lack as they simply follow the study materials then go into too much detail in some

areas while giving lacklustre explanations in others.

Ahsan Karim, currently doing an audit internship at EY Pakistan

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8/3/2019 P3 Changes



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p3 changes

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