How has the P3, ‘Business Analysis’ syllabus changed with effect from June 2011 and why?
Certain new regulatory requirements have brought changes to P3, Business Analysis. As a result more management accounting has been introduced to this syllabus to provide a more rounded financial context to the business analysis scenarios examinable. Business analysis is a subject where a working knowledge of management accounting and cost issues plays an increasingly important role. The changes will give the examiner wider scope to set more ‘real world’ questions, including the assessment of such business financial and quantitative techniques as forecasting, budgeting, cost accounting and decision-making within a business analytics context. As changes to this paper will impact throughout the paper, the original 2007 pilot paper has been updated for the new syllabus.
