ACCA P3 Business Analysis aims to apply relevant knowledge, skills, and exercise professional judgement in assessing strategic position, determining strategic choice, and implementing strategic action through beneficial business process and structural change; coordinating knowledge systems and information technology and by effectively managing processes, projects, and people within financial and other resource constraints.

MAIN CAPABILITIES

On successful completion of this paper, candidates should be able to:

  • Assess the strategic position of an organisation
  • Evaluate the strategic choices available to an organisation
  • Discuss how an organisation might go about its strategic implementation
  • Evaluate and redesign business processes and structures to implement and support the organisation’s strategy taking account of customer and other major stakeholder requirements
  • Integrate appropriate information technology solutions to support the organisation’s strategy
  • Advise on the principles of project management to enable the implementation of aspects of the organisation’s strategy 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 implementing strategic decisions
  • Assess the role of leadership and people management in formulating and implementing business strategy.

RATIONALE

The syllabus for Paper P3, Business Analysis, is primarily concerned with two issues. The first is the external forces (the behaviour of customers, the initiatives of competitors, the emergence of new laws and regulations) that shape the environment of an organisation. The second is the internal ambitions and concerns (desire for growth, the design of processes, the competences of employees, the financial resources) that exist within an organisation. This syllabus looks at both of these perspectives, from assessing strategic position and choice to identifying and formulating strategy and strategic action. It identifies opportunities for beneficial change that involve people, finance and information technology. It examines how these opportunities may be implemented through the appropriate management of programmes and projects.

The syllabus begins with the assessment of strategic position in the present and in the future using relevant forecasting techniques, and is primarily concerned with the impact of the external environment on the business, its internal capabilities and expectations and how the organisation positions itself under these constraints.

It examines how factors such as culture, leadership and stakeholder expectations shape organisational purpose. Strategic choice is concerned with decisions which have to be made about an organisation’s future and the way in which it can respond to the influences and pressures identified in the assessment of its current and future strategic position.

Strategic action concerns the implementation of strategic choices and the transformation of these choices into organisational action. Such action takes place in day-to-day processes and organisational relationships and these processes and relationships need to be managed in line with the intended strategy, involving the effective coordination of information technology, people, finance and other business resources.

Companies that undertake successful business process redesign claim significant organisational improvements. This simply reflects the fact that many existing processes are less efficient than they could be and that new technology makes it possible to design more efficient processes. Strategic planning and strategy implementation has to be subject to financial benchmarks. Financial analysis explicitly recognises this, reminding candidates of the importance of focusing on the key management accounting techniques that help to determine strategic action and the financial ratios and measures that may be used to assess the viability of a strategy and to monitor and measure its success.

Throughout, the syllabus recognises that successful strategic planning and implementation requires the effective recruitment, leadership, organisation and training and development of people.

APPROACH TO EXAMINING THE SYLLABUS

The syllabus is assessed by a three-hour 15 minutes paper-based examination.

  • Section A

Section A contains one multi-part question based on a case study scenario. This question is worth 50 marks.

  • Section B

Section B will consist of three discrete questions each worth 25 marks. Candidates must answer two questions from this section.

Total: 100 marks

Course Curriculum

ACCA P3 SECTION A: Strategic position
ACCA P3 A1: The need for, and purpose of, strategic and business analysis
ACCA P3 A1: The need for, and purpose of, strategic and business analysis Details 00:00:00
Quiz ACCA P3 A1: The need for, and purpose of, strategic and business analysis 00:00:00
ACCA P3 A2: Environmental issues affecting the strategic position of, and future outlook for, an organisation
ACCA P3 A2: Environmental issues affecting the strategic position of, and future outlook for, an organisation Details 00:00:00
Quiz ACCA P3 A2: Environmental issues affecting the strategic position of, and future outlook for, an organisation 00:00:00
ACCA P3 A3: Competitive forces affecting an organisation
ACCA P3 A3: Competitive forces affecting an organisation Details 00:00:00
Quiz ACCA P3 A3: Competitive forces affecting an organisation 00:00:00
ACCA P3 A4: Marketing and the value of goods and services
ACCA P3 A4: Marketing and the value of goods and services Details 00:00:00
Quiz ACCA P3 A4: Marketing and the value of goods and services 00:00:00
ACCA P3 A5: The internal resources, capabilities and competences of an organisation
ACCA P3 A5: The internal resources, capabilities and competences of an organisation Details 00:00:00
Quiz ACCA P3 A5: The internal resources, capabilities and competences of an organisation 00:00:00
ACCA P3 A6: The expectations of stakeholders and the influence of ethics and culture
ACCA P3 A6: The expectations of stakeholders and the influence of ethics and culture Details 00:00:00
Quiz ACCA P3 A6: The expectations of stakeholders and the influence of ethics and culture 00:00:00
ACCA P3 SECTION B: Strategic choices
ACCA P3 B1: The influence of corporate strategy on an organisation
ACCA P3 B1: The influence of corporate strategy on an organisation Details 00:00:00
Quiz ACCA P3 B1: The influence of corporate strategy on an organisation 00:00:00
ACCA P3 B2: Alternative approaches to achieving competitive advantage
ACCA P3 B2: Alternative approaches to achieving competitive advantage Details 00:00:00
Quiz ACCA P3 B2: Alternative approaches to achieving competitive advantage 00:00:00
ACCA P3 B3: Alternative directions and methods of development
ACCA P3 B3: Alternative directions and methods of development Details 00:00:00
Quiz ACCA P3 B3: Alternative directions and methods of development 00:00:00
ACCA P3 SECTION C: Strategic action
ACCA P3 C1: Organising and enabling success
ACCA P3 C1: Organising and enabling success Details 00:00:00
Quiz ACCA P3 C1: Organising and enabling success 00:00:00
ACCA P3 C2: Managing strategic change
ACCA P3 C2: Managing strategic change Details 00:00:00
Quiz ACCA P3 C2: Managing strategic change 00:00:00
ACCA P3 C3: Understanding strategy development
ACCA P3 C3: Understanding strategy development Details 00:00:00
Quiz ACCA P3 C3: Understanding strategy development 00:00:00
ACCA P3 SECTION D: Business and process change
ACCA P3 D1: Business change
ACCA P3 D1: Business change Details 00:00:00
Quiz ACCA P3 D1: Business change 00:00:00
ACCA P3 D2: The role of process and process change initiatives
ACCA P3 D2: The role of process and process change initiatives Details 00:00:00
Quiz ACCA P3 D2: The role of process and process change initiatives 00:00:00
ACCA P3 D3: Improving the processes of the organisation
ACCA P3 D3: Improving the processes of the organisation Details 00:00:00
Quiz ACCA P3 D3: Improving the processes of the organisation 00:00:00
ACCA P3 D4: Software solutions
ACCA P3 D4: Software solutions Details 00:00:00
Quiz ACCA P3 D4: Software solutions 00:00:00
ACCA P3 SECTION E: Information technology
ACCA P3 E1: Principles of information technology
ACCA P3 E1: Principles of information technology Details 00:00:00
Quiz ACCA P3 E1: Principles of information technology 00:00:00
ACCA P3 E2: Principles of e-business
ACCA P3 E2: Principles of e-business Details 00:00:00
Quiz ACCA P3 E2: Principles of e-business 00:00:00
ACCA P3 E3: E-business application: upstream supply chain management
ACCA P3 E3: E-business application: upstream supply chain management Details 00:00:00
Quiz ACCA P3 E3: E-business application: upstream supply chain management 00:00:00
ACCA P3 E4: E-business application: downstream supply chain management
ACCA P3 E4: E-business application: downstream supply chain management Details 00:00:00
Quiz ACCA P3 E4: E-business application: downstream supply chain management 00:00:00
ACCA P3 E5: E-business application: customer relationship management
ACCA P3 E5: E-business application: customer relationship management Details 00:00:00
Quiz ACCA P3 E5: E-business application: customer relationship management 00:00:00
ACCA P3 SECTION F: Project management
ACCA P3 F1: The nature of projects
ACCA P3 F1: The nature of projects Details 00:00:00
Quiz ACCA P3 F1: The nature of projects 00:00:00
ACCA P3 F2: Building a business case
ACCA P3 F2: Building a business case Details 00:00:00
Quiz ACCA P3 F2: Building a business case 00:00:00
ACCA P3 F3: Managing and leading projects
ACCA P3 F3: Managing and leading projects Details 00:00:00
Quiz ACCA P3 F3: Managing and leading projects 00:00:00
ACCA P3 F4: Planning, monitoring and controlling projects
ACCA P3 F4: Planning, monitoring and controlling projects Details 00:00:00
Quiz ACCA P3 F4: Planning, monitoring and controlling projects 00:00:00
ACCA P3 F5: Concluding a project
ACCA P3 F5: Concluding a project Details 00:00:00
Quiz ACCA P3 F5: Concluding a project 00:00:00
ACCA P3 SECTION G: Financial Analysis
ACCA P3 G1: The link between strategy and finance
ACCA P3 G1: The link between strategy and finance Details 00:00:00
Quiz ACCA P3 G1: The link between strategy and finance 00:00:00
ACCA P3 G2: Finance decisions to formulate and support business strategy
ACCA P3 G2: Finance decisions to formulate and support business strategy Details 00:00:00
Quiz ACCA P3 G2: Finance decisions to formulate and support business strategy 00:00:00
ACCA P3 G3: The role of cost and management accounting in strategic planning and implementation
ACCA P3 G3: The role of cost and management accounting in strategic planning and implementation Details 00:00:00
Quiz ACCA P3 G3: The role of cost and management accounting in strategic planning and implementation 00:00:00
ACCA P3 G4: Financial implications of making strategic choices and of implementing strategic actions
ACCA P3 G4: Financial implications of making strategic choices and of implementing strategic actions Details 00:00:00
Quiz ACCA P3 G4: Financial implications of making strategic choices and of implementing strategic actions 00:00:00
ACCA P3 SECTION H: People
ACCA P3 H1: Strategy and people: leadership
ACCA P3 H1: Strategy and people: leadership Details 00:00:00
Quiz ACCA P3 H1: Strategy and people: leadership 00:00:00
ACCA P3 H2: Strategy and people: job design
ACCA P3 H2: Strategy and people: job design Details 00:00:00
Quiz ACCA P3 H2: Strategy and people: job design 00:00:00
ACCA P3 H3: Strategy and people: staff development
ACCA P3 H3: Strategy and people: staff development Details 00:00:00
Quiz ACCA P3 H3: Strategy and people: staff development 00:00:00

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