Hi All Please Help Me About P3

[Haroon]

hi there,
can anybody give me exam tips?

Regards,

Haroon

[Snehal K]

Hi Haroon

I could gather following exam tips on P3 from the ACCA website:


Use the financial and quantitative information provided in scenarios appropriately. Do not ignore it.


Make sure that answers are in the context of the scenario, and do not draw on general stereotypes which are inappropriate to the case study.


Make sure that answers are focussed and contain enough relevant points to get the marks on offer. Do not use theories inappropriately in a scatter-gun approach. Trying to reference too many theories may lead to answer becoming too complicated, long and irrelevant.


One of the features of the Professional level exam papers is the awarding of ‘professional marks’. These are marks allocated not for the content of an answer, but for the degree of professionalism with which certain parts of the answer are presented. They will usually be awarded in Section A (the compulsory part of the exam paper) and will total between four and six marks.


Devise a time management strategy for the exam in advance. Make sure that you have double-checked your time allocation strategy before going into the exam. A suggested plan is given below for Paper P3. (However, you do not have to follow this plan if it does not suit your reading and writing speed or you can modify it to create your own time plan.)

25 minutes (including 15-minutes’ reading time) planning for Section A
70 minutes answering the Section A question
10 minutes selecting which Section B questions to answer
10 minutes planning for each Section B question 35 minutes answering each Section B question.

Hope this helps!