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Details on ACCA P3 Business Analyst notes

ACCA P3 Business Analyst notes

ACCA P3 Business Analyst notes: ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA P3 Business Analyst notes

Main sections of the syllabus

A. Strategic position

B. Strategic choices

C. Strategy into action

A. Strategic position

• The business environment

• Strategic capability

• Expectations and purposes

B. Strategic choices

• Corporate level and international strategies

• Business level strategies

• Development of directions and methods

C. Strategy into action

• Organizing for success

• Enabling success

• Managing change

ACCA P3 Business Analyst notes

Exam format 3 hours 15 mins (195 mins) Part A

• Compulsory question

• 50 marks Part B

• Answer 2 out of 3

• 25 marks each

ACCA P3 Business Analyst notes

DURING the exam

• Read the first paragraph followed by the questions

• Read the question very carefully – what is the requirement?

• Analyse quantitative data, what picture does it paint? How will the answers use this data?

• Review the questions in the context of the syllabus

• Plan and allocate time properly

• Beware of assumptions about location

• Answer the question in the context of the scenario

• Create an answer plan, and allocate time

• Do not unnecessarily restate information from the scenario

• Do not repeat verbatim answers from past papers

• Do not assume that case study characters are virtuous or correct

• Do not be afraid to bring in knowledge from other ACCA papers

• Do not spend too much time on theory

• Make sure that your answers are easy to read and mark

Reminder

• P3 is an application paper

• More thought, imagination and spontaneity required

• No correlation between the number of theories learnt and success in the paper

• Use theories appropriately (more does not mean better)

• Use common sense • Apply right exam techniques

ACCA P3 Business Analyst notes

brief history of ACCA:

ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

ACCA traces its origin to 1904, when eight people formed the London Association of Accountants to allow more open access to the profession than was available through the accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s largest global professional body.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA P3 Business Analyst notes

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