转帖-2012.Jun exam 猜题 P3

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转帖-2012.Jun exam 猜题 P3
P3 Exam tips – June 2012 sitting (8 posts)
Opentuition
1 Strategic position and analysis; corporateparenting
2 Communicating mission and core values (seerecent ACCA SA article)
3 Project gateways, project lifecycle and projectinitiation document
4 Expected values/decision tree. Processimprovement
5 Benchmarking
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LSBF
Strategic Analysis – particularly what the external environment hasbeen in the past (including effect on financial performance) and will be in thefuture.
Strategic Choice – particularly using suitability, feasibility,acceptability (including management accounting techniques).
Strategic Implementation – particularly using IT improvement of businessprocesses (including how to choose an IT package).


ACCA exam tips from First Intuition
P3
• Environmental analysis, people with financialanalysis.
• Project management.
• Strategic action.
• Information technology – pricing strategy.



ACCA exam tips from ATC
P3
• Environmental analysis, using PESTEL or Porter’s 5 forces and the impact of change onstakeholders.
• How to harness the use of IT in the value chainand where the various IT systems apply in the VC.
• The role of outsourcing in realising businessstrategies, and how the outsourcing decision-making processes unfoldsquantitatively. Make and/or buy calculations and related strategic issues,including costs.
• Using Johnson, Whittington & Scholes modelto evaluate strategic options under the headings suitability, acceptability andfeasibility.
• Highlighting key business processes for processredesign (through Harmon’smatrix) and setting in place a change management strategy (Lewin’s force field analysis/freeze/unfreeze model).
• Project management, focussing on thecost/benefit analysis of the business case for a project.



ACCA JUNE EXAMS 2012 - MORE FROM BPP
P3
Important areas to cover:
Strategy models
Analysis of the environment and/or internalfactors has featured in most exams. Key models include PESTEL, Porter’s Five Forces and the value chain.
Evaluation of strategic options is usually testedone way or another, for example an acquisition or relocation. SAF can be auseful framework to generate ideas but don’t feel you need to follow it slavishly.
Strategic action (largely change management andorganisational configuration) is often overlooked, but has featured in recentpapers, emphasising the need for good syllabus coverage.
Business Process Change
A popular area, which may be based around modelssuch as Harmon, or completely unstructured, describing a process and asking forimprovements. Expect to see some numbers in questions in this area to help withdecisions such as automation and outsourcing.
Information Technology
A pervasive theme in many questions. Make sure youare comfortable with some of the more important recent concepts in technologysuch as cloud computing, viral marketing and new business models.
Project Management
This is a major topic and is tested in mostsittings. Analysis and realisation of benefits is a popular area and may wellinclude a numerical element.
Financial Analysis
Lots of management accounting knowledge from F5 isassumed knowledge here, including budgeting, variance analysis and relevantcosting. The lessons from Q1 in the current syllabus are, 1) this may be in thecompulsory question and 2) you may not be specifically told which techniques touse, but have to work it out from the data given.
People
This is most likely to be tested in conjunctionwith one of the other topics.
Most importantly…
Knowledge alone will not get you close to a passon this paper. You need to be able to apply your knowledge to specific situations.Practice this using past questions and stories in the press or on the web asoften as you can and you will be ready for whatever the exam throws at you!

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