|
Kaplan
Financial ACCA P3 Education & Revision Course
Some
optional information on Kaplan Financial's ACCA P3 Education and Revision
Course will be posted on this website.
My
contact email: thomas.wu@kaplan.com
For
ACCA Global website, please click
here.
For
ACCA Global website on P3, please click
here.
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Homework
|| Session Notes
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UPDATES
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|| Session Notes
|| Buzz Word List
Please
check here for updates during the course.
December
12, 2009 |
In
the letter that you have received, point #6 says do not write across
the centre of the booklet as the middle margins will not be visible
in the marking process. For this, the middle margins is referring
to the area where the staples are when you have the answer booklet
opened fully and laid it out across on the table. This is NOT the
middle margin within your writing area within each page. It is referring
to the small area where the pages are stapled together, i.e. the
small vertical strip of area to the right of your left page right
margin and the your right page left margin when the answer booklet
is opened fully. Good luck. |
|
|
December
9, 2009 |
I
have looked over the Hot Tips that I have given to Kaplan to print
before and they are fine as they are. Good luck and God speed. |
|
|
November
24, 2009 |
The
earliest cases that I have posted, those were the extent of my notes.
For the information on the letter about not writing "across
the middle of the page," I am checking to find out more about
what it exactly mean. Come back one week before the exam for some
tips. |
|
|
November
22, 2009 |
These
are the CPA, PERT, Gantt, and swim lane charts
that we discussed in class on November 11. |
|
|
November
17, 2009 |
These
are models that you should review and be familiar with: |
|
- Strategic
Lens – strategy as design, strategy as experience, strategy
as ideas
-
Rational model of strategy analysis
- Mendelow’s
Matrix on stakeholder analysis – interest vs poer, minimal
effort, keep informed, keep satisfied, key player
- 6M
– money, manpower, management, manufacturing, markets,
marketing, material
- SMART
– stated / specific, measurable, achievable / agreed /
accepted, relevant, time specific
- Balanced
scorecard – financial perspective, customer perspective,
internal business perspective, innovation and learning perspective
- Ansoff’s
matrix – product vs market
- McKinsey
7S – structure, systems, style, staff, skills, strategy,
shared values
- Cultural
web – organizational paradigm, control systems, rituals
and routines, myths and stories, symbols and titles, power relations,
organization structure
- Organization
structure – functional, divisional, matrix
- Organization
form by Mintzberg
- Value
chain
- Harman’s
Process strategy – for outsourcing
- Balogun
and Hope Hailey – contextual – power, time, diversity,
capacity, preservation, readiness, capability, scope
- Nature
of strategic change – scope of change (realignment vs
transformation), nature of change (incremental vs big bang)
= adaptation, evolution, reconstruction, revolution
- Lewin’s
3 steps to cultural change – unfreeze, effect the change,
refreeze
- CMMI
- V-model
of software testing
- CPA,
PERT, Gantt, swim lane
|
|
|
November
7, 2009 |
Our
next class is on Wednesday November 11 in Admiralty
from 7pm until 10pm. |
|
|
November
4, 2009 |
Our
next class is on Saturday, November 7 in Admiralty from 2pm until
9pm. Please check on what to prepare for that class. The buzz word
list might also help in keeping your writing short. |
|
|
October
20, 2009 |
Our
next class is on Tuesday, November 3 in Admiralty. The assignment
would be an external evaluation of "White Flower Oil." |
|
|
October
6, 2009 |
The
next P3 class will be held on October 13 in Admiralty. We will start
the revision session. Please bring ID and receipt to collect your
material on the first day of class. |
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|
September
30, 2009 |
Please
note that our class on this coming Saturday will start at 10am instead
of the 2pm in previous Saturdays. Please bring the material as listed
on Sept 24 update. |
|
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September
30, 2009 |
The
two technical articles on software and outsourcing are available
for downloading in Session Notes. |
|
|
September
24, 2009 |
For
the remaining 3 sessions please bring the following technical articles
and cases so that we can go through them: |
|
- Oceania
question from Dec 2007 paper,
- Sample
case given in Feb 2009 for the format change,
- Universal
Pottery Company,
- Hair
Care,
- Ashkol
Furniture Supplies,
- Playwell,
- Rinsfield
Theatre II,
- Accounting
and Organization Culture (Nov 2008),
- The
Software Package Approach to Information Systems Development
(May 2007),
-
Strategic Planning Models (May 2007),
- Quality
Plans (May 2007),
- A
Primer on Knowledge Management (May 2007),
- Outsourcing
IT/IS Services (May 2007),
- Outsourcing
in the Financial Services Industry - Make or Buy (May 2007),
- Strategy
Challenge: the Internet - Building a New Vision (Feb 2007),
- Understanding
the Importance of Appraisals (Apr 2004),
- IT
Development Methodologies (Aug 2005),
- Theories
of Leadership Style (Sept 2005), and
- Records
and Appraisal (Sep 2001).
|
|
|
September
23, 2009 |
Please
check back here before the next class to see which articles or material
you should bring. |
|
|
September
20, 2009 |
For
our September 22 session, please bring the following technical articles: |
|
- Business
Process Change (Sept 2008),
- Strategic
Planning in Practice (Feb 2008),
- Mergers
and Acquisitions - A Problem of Culture (May 2007),
- The
Development of Global Companies (May 2007),
- The
Adaptability of Strategic Models (May 2007),
- The
Seven Deadly Sins of Strategic Implementation (May 2007),
- Strategic
Choices and Change Management (May 2007),
- Corporate
Decline (May 2007), and
- Corporate
Recovery (May 2007).
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|
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September
19, 2009 |
For
our September 22 session, please bring the following: Oceania and
the format change sample case (download
here). |
|
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September
19, 2009 |
The
marked articles can be downloaded here: balanced
scorecard 1, balanced scorecard
2, stakeholder1, stakeholder
2. |
|
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September
18, 2009 |
The
balanced scorecard article can be downloaded
here. |
|
|
September
15, 2009 |
For
our next session, please bring (a) joint venture article dated May
2007, (b) balanced scorecard Dec 1999, (c) Oceania from session
1, and (d) our half finished CRC case from Sept 15, 2009. |
|
|
September
15, 2009 |
New
buzz words have been added, please go to Buzz Word
List. |
|
|
September
5, 2009 |
For
our class on Tuesday, September 8, 2009, please read and bring the
following items: |
|
- Defining
Manager's Information Requirements, Critical Success Factors
(Aug 2006),
- Stakeholder
Analysis (Oct 1999),
- All
About Stakeholders I (Jan 2008),
- All
About Stakeholders II (Feb 2008),
- Corporate
Governance (Aug 2009),
- The
Power of Branding (Jul 2007),
- Accounting
and Organizational Cultures (Nov 2008),
- Professional
Ethics - A Kloser Look (May 2003), and
- Ethical
Decision Making (Mar 2008).
|
|
|
September
4, 2009 |
My
new email is thomas.wu@kaplan.com (without the .hk extension now). |
|
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September
2, 2009 |
The
powerpoint that I used on September 1 can be downloaded
here. |
|
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September
1, 2009 |
P3
summary notes can be downloaded
here. |
|
|
August
30, 2009 |
P3
mindmap can be downloaded here. |
|
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August
16, 2009 |
The
P3 examination will be held on Wednesday,
December 16, 2009. |
|
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July
27, 2009 |
An
summary of the topics asked in past papers can be downloaded
here. |
|
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July
7, 2009 |
An
informational seminar will be held on Monday July 27 and Saturday
August 29. Please check Kaplan website for time, location, and registration
details. |
|
|
June
6, 2009 |
The
course will start on September 2, 2009. Other relevant materials
will be distributed on the first day of class. |
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Updates ||
Homework
|| Session Notes
|| Buzz Word List
HOMEWORK
Back
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Updates ||
Homework
|| Session Notes
|| Buzz Word List
P3
summary notes can be downloaded here.
P3 mindmap
can be downloaded here.
An summary
of the topics asked in past papers can be downloaded
here.
Due
September 1, 2009 |
There
are information from ACCA on the paper itself that you should
read or listen to. They are all available from ACCA's website.
|
|
-
Examiner's
approach article,
-
Examiner's
approach interview, and
-
Examiner's
analysis interview.
|
|
|
|
These
are articles from ACCA on how to STUDY BETTER: |
|
- Zoom
Learning (May 2002), and
- Sleep
Is For Wimps (Apr 2009).
|
|
|
|
These
are articles from ACCA on how to READ and PLAN BETTER: |
|
- Understand
The Question (Feb 2005),
- **
Reading and Planning Time (Jul 2007),
- Make
Your Reading Count (Nov 2008),
- Speed
Reading (Jun 2009),
- ** Testing
Times (May 2009), and
- Exam
Confidence (Aug 2008).
|
|
|
|
These
are articles from ACCA on how to WRITE BETTER for higher marks: |
|
- **
Effective Report Writing (Aug 2000),
- To
Whom It May Concern (May 2001),
- **
How To Clean Up In Exams (May 2002),
- Professional
Marks (Oct 2007),
- Professional
Marks (June 2009),
- **
Answering The Scenario Question (Aug 2006),
- How
To – Prepare To Pass (May 2008),
- Put
To The Test (May 2008),
- Examiner
Approach To P3 (Jan 2007), and
- Pass
Note For P3 (Sep 2007).
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|
|
|
**
Must read articles. |
|
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Due
September 5, 2009 |
Familiarize
yourself with these Key Words (evaluate, compare, examine, etc.)
in Module 1 of your notes. Translate to Chinese (if needed) or use
other ways to make sure that you understand their requirements. |
|
|
Due
September 8, 2009 |
Read
and bring the following technical articles and items: |
|
- Defining
Manager's Information Requirements, Critical Success Factors
(Aug 2006),
- Stakeholder
Analysis (Oct 1999),
- All
About Stakeholders I (Jan 2008),
- All
About Stakeholders II (Feb 2008),
- Corporate
Governance (Aug 2009),
- The
Power of Branding (Jul 2007),
- Accounting
and Organizational Cultures (Nov 2008),
- Professional
Ethics - A Kloser Look (May 2003), and
- Ethical
Decision Making (Mar 2008).
|
|
|
Due
September 15, 2009 |
Two
practice questions: |
|
- Use
the 3E's to evaluate an hospital and a school, including recommendations
on what and how to evaluate these value for money measurements.
- Perform
external analysis of PESTEL, Porter's Five Forces, Porter's
Diamond, and marketing mix on one of these three companies:
Disney Hong Kong, Ocean Park Hong Kong, and the proposed Disney
Shanghai.
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|
|
Due
September 29, 2009 |
For
submission, using the Oceania case from December 2007 as base, use
the suitability, acceptability, and feasibility selection criteron
to evaluaton the strategic choices below. |
|
- do
nothing,
- become
a budget airline,
- do
cargo / new business,
- focus
on business or leisure traveller only, and
- buy
a budget airline.
|
|
|
Due
October 6, 2009 |
Please
read the Airtite case, do a 12 minute write up for the environment
analysis in Part (a) and think about Part (b) for discussion in
class. |
|
|
Due
October 20, 2009 |
With
Yes magazine as our topic, please do (a) the economic, social, and
technology part of the PESTEL analysis, and (b) use the chart for
Porter's 5 Forces and highlight which factors are relevant for YES
under the 5 forces. |
|
|
Due
November 3, 2009 |
Perform
an external analysis (model and component of your choice) for "White
Flower Oil" of Hong Kong. You can find out more from www.whiteflower.com.hk. |
|
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Due
November 7, 2009 |
For
this session, please think about the following: |
|
- what
are the characteristics of budget airlines (what are the CSF
for this particular type of companies),
- for
the Airtite case part (a), the question asked for the "conditions
affecting the low cost air travel industry," how does that
affect what you have written on Tuesday November 3, and
- for
the Airtite case part (b), prepare to write about in class how
"the process of developing scenarios" might help John.
|
|
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Due
November 11, 2009 |
Please
think about these topics for class on the Clyde Williams case: |
|
- what
kind of business is it in?
- special
characteristics of this industry?
- what
are the CSF for companies in this industry?
- what
is the company's current strategy?
- what
has changed?
- what
is the new strategy?
- what
are discussion points in the external and internal analysis?
- who
are the stakeholders in the case?
|
|
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Due
November 14, 2009 |
Please
read the following cases before coming to our next class: Playwell,
Haircare, Shirtmaster Group, CCC Car Manufacturer, and Churchill
Ice Cream. |
|
|
Due
November 24, 2009 |
Please
read the following cases before coming to our class: National Museum
(Dec 2008, can be downloaded from ACCA website), greenTech (Jun
2009, can be downloaded from ACCA website), Haircare, Playwell,
MMI. |
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Homework
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SESSION
NOTES Back
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Updates ||
Homework
|| Session Notes
|| Buzz Word List
P3
summary notes can be downloaded here.
P3 mindmap
can be downloaded here.
An summary
of the topics asked in past papers can be downloaded
here.
Education
Session 1 |
Today
we went through the following: |
September
1, 2009 |
- introduction
to P3 paper,
- introduction
to exam skills and some common mistakes,
- discussed
Module 1 of the education notes, and
- worked
through Dec 2007 P3 paper.
|
|
[DOWNLOAD:
Module 1 Powerpoint] |
|
|
Education
Session 2 & 3 |
We
went through Module 2 and Module 3 today, and topics covered include: |
September
5, 2009 |
- the
purpose, levels, advantages and disadvantages of strategic planning,
- analysis
of financial information,
- not-for-profit
organizations,
- external
analysis using PESTEL, Porter's Five Forces, and Porter's Diamond
models,
- strategic
marketing using the 7Ps,
- internal
analysis using 6Ms, 7Ps, value chain analysis, product life
cycle analysis, BCD matrix,
- benchmarking,
- missions
and objectives,
- stakeholder
analysis using Mendelow's Power-Interest matrix, and
- culture
and ethics.
|
|
|
Education
Session 4 |
We
discussed these topics in Module 4: |
September
8, 2009 |
- how
to generate stategic choices,
- Porter's
generic strategies of cost leadership, differentiation, and
focus,
- choices
of doing nothing, withdrawal, and expansion using Ansoff's Matrix,
vertifical, horizontal, and conglomerate diversification,
- Porter's
tests for assessing acquisitions,
- synergy,
- organic
growth versus acquisition, and
- ways
to expand internationally.
|
|
|
Education
Session 5 |
Today,
we looked at: |
September
15, 2009 |
- the
suitability, acceptability, and feasibility test for the strategic
selection process,
- rational,
emergent, and incremental strategies, and
- the
CRC comprehensive case.
|
|
|
Education
Session 6 & 7 |
We
discussed the following topics: |
September
19, 2009 |
- feedback
on the 3E exercise submitted this week,
- feedback
on the Disney HK / Disney Shanghai / Ocean Park practice question
submitted this week,
- joint
venture technical article,
- balanced
scorecard technical article,
- balanced
scorecard and small business technical article,
- stakeholder
analysis technical articles,
- another
3E question using HK Forestry service,
- session
6 notes, and
- CRC
and sample case from examiner.
|
|
|
Education
Session 8 |
We
looked at: |
September
22, 2009 |
- ACCA
technical articles on use of strategic models in planning, strategic
implementation, and change management,
- ACCA
technical articles on corporate decline and corporate recovery,
- ACCA
technical articles on business process change,
- session
8 notes on business process change,
- CMMI
model,
- Harmon's
process-strategy matrix,
- outsourcing,
and
- software
solutions including selection and evaluation of solutions.
|
|
|
Education
Session 9 |
We
looked at Module 9 notes on IT's effect on strategy: |
September
29, 2009 |
- IT
and Porter's 5 forces and Porter's generic strategy,
- e-business
and stages of e-business,
- use
of IT in other business developments,
- supply
chain management,
- upstream
supply chain management and e-procurement,
- downstream
supply chain management and e-marketing,
- 7Ps
and 6Is,
- e-branding,
- Rinsfield
Theatre II question,
-
technical article on bespoke or off-the-shelf software selection,
and
- technical
article on IT and outsourcing.
|
|
[DOWNLOAD:
Software package selection technical
article, Outsourcing IT services
technical article] |
|
|
Education
Session 10 & 11 |
We
went through Module 10 and 11 on: |
October
3, 2009 |
- CRM
system,
- customer
lifecycle,
- quality,
quality control, quality assurance,
- quality
management,
- TQM
and six sigma,
- DMAIC,
- the
v model for software testing,
- the
CMMI assessment framework,
- project
management constraints - time, cost, scope,
- project
risk management,
- project
initiation document,
- project
plan,
- managing
and leading projects,
- technical
articles on the v model and project quality plan, and
- the
UPC and Asia Invest case questions.
|
|
[DOWNLOAD:
The v model technical article,
Quality plan technical article]
|
|
|
Education
Session 12 |
Today,
we did: |
October
6, 2009 |
- Session
12 on people management,
- Airtite
question and compare the differences in result between the Airtite
case and Oceania case,
- the
February 2009 format change article case on the engineer society,
and
- the
Clothing Company case on project management.
|
|
|
Revision
Session 1 |
We
went through: |
October
13, 2009 |
- the
syllabus under P3,
- order
of things to do in the actual P3 exam,
- the
review of the list of topics within each syllabus,
- the
general description and requirement of action words in questions,
- the
analysis of the Oceania case by going through the questions
and reading part of the case to pick up the "marks,"
and
- the
requirement of using YES magazine as our case study.
|
|
[DOWNLOAD:
Powerpoint from the first revision
course] |
|
|
Revision
Session 2 |
We
covered the following items: |
October
20, 2009 |
- external
analysis of YES magazine using PESTEL and 5 Forces,
- an
overview of how to perform an internal analysis of YES magazine
using various models,
- review
of questions on AEC,
- evaluate
component by component the question requirements of AEC, and
- an
attempted answer of extension questions to AEC on benefits of
e-marketing and organic growth vs acquistion.
|
|
[DOWNLOAD:
Notes from class, AEC
notes] |
|
|
Revision
Session 3 |
In
this section, we went through the following topics: |
November
3 , 2009 |
- discussion
of the characteristics of the market and nature of the product
for White Flower Oil,
- external
analysis of White Flower Oil,
- strategic
alternatives determination using Ansoff matrix, various types
of integration, international expansion, and various forms of
cooperation for expansion,
- the
alternative of non-action or kill product (BCG’s cash
cow and dog position),
- worked
through the case of 3C Pharmaceuticals,
- worked
through the case of PSI, and
- worked
through the environmental analysis (part a) of the Airtite case.
|
|
[DOWNLOAD:
3C Pharmaceuticals, PSI] |
|
|
Revision
Session 4 & 5 |
We
discussed the following cases in class today: |
November
7, 2009 |
- use
of buzz words to simplify writing,
- Airtite
case external analysis,
- Airtite
case the benefits from the process of developing scenarios,
- Good
Sport case full analysis,
- quality
with the Pipe Dream case,
- Greenfield
Nurseries case full analysis,
- Salt
and Soap case full analysis,
- started
Clyde William case which we will finish next time.
|
|
[DOWNLOAD:
Airtite, Good
Sport, Pipe Dream, Greenfield
Nurseries, Salt and Soap] |
|
|
Revision
Session 6 |
We
worked through the following cases: |
November
11, 2009 |
- Clyde
William case from external analysis to strategic choice and
selection,
- Sun
and Sand Travel case for performance indicators and CSFs,
- Woodsy
case on value chain analysis, and
- started
on the AutoFone case.
|
|
[DOWNLOAD:
Clyde William, Sun
and Sand Travel] |
|
|
Revision
Session 7 & 8 |
We
worked on the following items today: |
November
14, 2009 |
- walked
through five technical articles from the Student Accountant
magazine,
-
worked through the Elegant Hotel case which focuses on issues
that arise out of performance measurement and reward determination,
- finished
the discussion on how to answer the AutoFone case,
- worked
through the CCC Car Manufacturing case,
- discussed
the RitePay software case, and
- discussed
the 3C case.
|
|
[DOWNLOAD:
technical article on competency
framework, P3 June 2009 Examiner
Feedback, not for profit 1,
not for profit 2, project
management] |
|
[DOWNLOAD:
Elegant Hotel, AutoFone,
CCC Car Manufacturer, RiteSoftware,
Country Car Club] |
|
|
Revision
Session 9 |
Tonight
we worked on the following: |
November
17, 2009 |
- some
writing tips,
- look
at some of the less commonly used but frequently testable models
and frameworks within the P3 syllabus,
- went
through the various project management tools like CPA, PERT,
Gantt charts, and swim lane,
- looked
at the IISA prepared by the P3 Examiner in March 2009,
- worked
on the ASW case,
- worked
on the Equiguard case,
- discussed
the DRB case,
- worked
on Benefit of Appraisal, and
- Equiguard
case.
|
|
[DOWNLOAD:
ASW, DRB,
Benefits of Appriasal, Equiguard] |
|
|
Revision
Session 10 |
We
worked on the following cases tonight: |
November
24, 2009 |
- the
Playwell case,
- the
greenTech case from June 2009 P3,
- National
Museum case from December 2009 P3, and
- the
MMI case.
|
|
[DOWNLOAD:
Playwell, greenTech,
greenTech swim lane, National
Museum, MMI] |
|
|
December
16, 2009 |
P3
Examination |
Wednesday |
|
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Updates ||
Homework
|| Session Notes
|| Buzz Word List
BUZZ
WORD LIST Back
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Updates ||
Homework
|| Session Notes
|| Buzz Word List
November
4, 2009 |
From
the BCG Matrix, see definition from notes, below are examples
of usage. Use quotes around the phrase and bracket (BCG Matrix)
behind to clarify the term being used, no need to explain what
these terms mean unless it is question specific and you have links
from the case to support your writing. Think about the 3C Pharmaceticals
case when their products are evaluated. |
|
|
Cash
Cow |
1.
Product ABC is the "Cash Cow" (BCG
Matrix) of this division, we can use the cash flow from ABC to
support our strategy to produce EFG. (In this example, it is assumed
that there are many references in the case to ABC being a cash
cow but they are not described here. Instead, the focus after
this sentence would be to describe the strategic reason to produce
EFG using PESTEL, 5 forces, Porter Diamond, etc.) |
|
|
Star |
1.
Our market research indicates that product XYZ is the "Star"
(BCG Matrix) of our company: our customer base is growing at over
50% a year, and we currently have over 60% of the total market.
However, we will need to ensure that we have the working capital
available to support this growth. We will need large investments
in capital assets to support the production, we will also need
to finance the working capital increase to support larger inventory
and accounts receivable. (Then provide support from financial
ratios of low working capital availability.) |
|
|
September
15, 2009 |
|
Effective |
Having
the intended or expected effect. |
|
1.
This new marketing strategy is very effective
in reaching our target audience. |
|
2.
John has been very effective in pursuing customers
to switch to products with our own brand name. |
|
|
Efficient |
Use
with least waste of time and effort. |
|
1.
This strategy will allow the firm to use all its resources efficiently
by ..... |
|
2.
The efficient use of resources in our production
process is in congruence with our corporate strategy of being a
low cost provider of this product. |
|
|
September
19, 2009 |
|
Infrastructure |
The
basic underlying framework or features of a system |
|
1.
Our mission statement is to have an infrastructure
in place to provide our clients with the highest possible customer
service level. |
|
2.
We can increase our profit margins by expanding our production
operations in China because there is already an established set
of local suppliers and the related infrastructure
there. |
|
|
September
22, 2009 |
|
Sustainable |
Can
be maintained in the longer term. |
|
1.
Company Y's cost leadership position is sustainable
because no other companies in this industry can manufacture as
efficient as this company. |
|
|
Attributes |
Characteristics. |
|
1.
Company A's new products have many attributes
that the target market desires. |
|
|
September
29, 2009 |
|
Financial
leverage |
The
use of indebtedness to finance the company such that the company
has a high financial break even point. |
|
|
Operating
leverage |
The
use of fixed assets in the operation such that a high break even
point results. |
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October
3, 2009 |
|
Strategic
position |
Can
be used as a general term to describe the overall strategic position
of the company, for example: |
|
1.
The strategic position of ABC is strong because
..... |
|
2.
By buying this equipment / merging with DEF ...., the strategic
position of ABC will be stronger because ..... |
|
3.
ONA should not change its strategic position
to become a no-frill budget airline because ..... |
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Strategic
fit |
Can
be used as a general term to describe how well strategic parts
come together, for example: |
|
1.
Focusing on the regional business traveler would be a good strategic
fit for ONA because of their high load factor, price
insensitivity, ..... |
|
2.
Close cooperation with a logistic company might be a good strategic
fit for Perfect Shopper because the logistic company
can provide efficient and effective service for both the inbound
and outbound deliveries and inventory management for Perfect Shopper. |
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