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ACCA P3 Business Analyst specimen exams

ACCA P3 Business Analyst specimen exams

ACCA P3 Business Analyst specimen exams: 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 specimen exams

The specimen exams indicate how the paper will be assessed, structured and the likely style and range of questions that could be asked. Any student preparing to take this exam should familiarise themselves with the exam style.

The pilot paper from the P3 June 2011 session can be downloaded from the ‘Related documents’ section of this page

All specimen exam questions and solutions are the copyright of ACCA and can only be used for classroom and student use in preparation for their ACCA exams. They cannot be published in any form (paper or soft copy), or sold for profit in any way, without first gaining the express permission of ACCA. Nor can they be used as examinations, in whole or in part, by other institutions or awarding bodies.

ACCA P3 Business Analyst specimen exams

FREQUENTLY ASKED QUESTIONS (FAQS)

  • WILL CANDIDATES HAVE TO KNOW THE ORGANISATIONAL CONFIGURATIONS PROPOSED BY MINTZBERG?

Yes, these are in the Study Guide (section C1e). Questions may be set where there is a mismatch between organisational structures, processes and relationships and Mintzberg’s stereotypical configurations might be a useful way of structuring an answer.

Mintzberg has diagrams to represent each of his stereotypes. There is no need to learn these diagrams.

  • WILL CANDIDATES BE ASKED TO APPLY APPROPRIATE MODELS OF THEIR CHOICE TO THEIR ANSWERS OR WILL THEY BE ASKED TO APPLY PARTICULAR MODELS SPECIFIED IN THE QUESTION?

Either type of question is possible but questions which ask candidates to apply an appropriate model of their choice will predominate. Only models and frameworks defined in the Study Guide will be referenced in questions.

  • WHERE SCENARIO QUESTIONS ARE SET AND THE REQUIREMENTS ARE QUITE BROAD, ARE MARKERS ENCOURAGED TO BE FLEXIBLE IN THEIR MARKING TO REFLECT THE DIVERSITY OF APPROACHES TAKEN BY CANDIDATES?

Every effort is made to avoid scenarios being culture specific. However, there are few truly global scenarios, which have the same relevance to all audiences.
Markers are thus encouraged to be flexible in their marking to take this into account – marks are awarded for the quality of argument and justification and a logical presentation.

  • SHOULD CANDIDATES MAKE REFERENCE IN THEIR ANSWERS TO UNDERLYING THEORY?

Most candidates make reference to underlying theory in their answers and credit is given for this.In some cases there are a number of theories which could be used to explain the approach. In this case, candidates would not be expected to fully expand on each theory but give answers that indicate their breadth of knowledge.These are not always fully expanded in the model answer, which is intended to be indicative rather than exhaustive. Markers are encouraged to use their professional judgment and take a flexible approach when awarding marks in this context.

  • HOW SHOULD CANDIDATES USE REAL-WORLD EXAMPLES IN THEIR ANSWERS?

Candidates need to explain the assumption(s) which they are making about the scenario and then explain why the example they have chosen is a good analogy and helps to support their answer.

  • SOME GOOD CANDIDATES WHO HAVE ENGLISH AS A SECOND LANGUAGE HAVE REPEATEDLY FAILED P3. WHY IS THIS?

P3 poses challenges for some students but not necessarily because English is their second language.
Students with English as a second language should use some of the 15 minutes’ reading time making sure they understand the questions. There are also particular exam techniques which could help them, for example producing tables or using bullet points where appropriate.
We have reduced the word counts required in scenario questions to help students with English as a second language. We are also making more use of tables and figures which reduce the need to include quite so much text.It was disappointing that better use was not made of these tables by students taking P3 in the last few sittings. All numbers and text are supplied for a purpose and candidates should try to use all of them.

ACCA P3 Business Analyst specimen exams

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