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A list of articles relevant to P3 Management Accounting Risk and Control Strategy are available below to download.

Reading widely is an important part of preparing for the exams - use these articles as part of your study.

Some of the articles were written for the old 2000 syllabus. We have reviewed each article and those relevant to Management Accounting Risk and Control Strategy are listed.

You will need Adobe Acrobat software to view the PDF files. If you do not have this installed on your computer you can download it free from the Adobe website. 

• Risk management (PDF 108KB) by the examiner for P3 (February 2008)
  The examiner for paper P3 examines the crisis at Northern Rock and considers whether it was caused by a failure of risk management.  
• Business risks (PDF 143KB) by Steve Whittenbury (November 2007)
  Steve Whittenbury casts a critical eye over recent events to highlight how business risks are created and managed - effectively or otherwise. 
• Beyond budgeting (PDF 118KB) by Bob Scarlett (September 2007)
  Bob Scarlett charts the rise of the Beyond Budgeting movement and explains how it differs from traditional approaches to financial control. Please note that this article is relevant to Paper P1 Management Accounting Performance Evaluation but may also be of interest to P3 candidates.
• Managing risk (PDF 109KB) by the examiner for P3 (November 2006)
  Does your FD use the green-cross code? The examiner for paper P3 considers how people manage risk and compares their strategies to those of organisations.
• The key topic of information (PDF 156KB) by David Laws (October 2006)
  P3 and P6 approach the key topic of information from different angles. David Laws discusses some issues that candidates might expect to encounter in the two exams.
• Management accounting papers (PDF 121KB) by Victor Sheahan (May 2006)
  Even holy matrimony isn't sacred when it comes to the application of cost theory. Victor Sheahan explains why a small wedding could prove to be a false economy.
• The balanced scorecard (PDF 282KB) by David Laws (April 2006)
  Daviod Laws offers his guide to the balanced scorecard and explains why a sound understanding of non-financial controls is important for both P3 and P6 students.
• Risk, control and internal audit (PDF 74KB) by the examiner for P3 (November 2005)
  Candidates must take more than a traditional accounting view of risk, control and internal audit. The examiner for paper P3 uses a case study to explain why.
• Guidance on how to use your additional 20 minutes reading time (PDF 85KB) by Martin Taylor (May 2005)
• Advice on how reading (PDF 366KB) the business pages of quality newspapers can make your exam answers far more insightful by Graham Pitcher (April 2005).
• Getting the measure of value at risk (PDF 39KB) by Margaret Wood (November 2004)
  VaR can be invaluable in calculating market risk and has uses for companies from all sectors.
• Means testing (PDF 410KB) by Bob Scarlett (September 2003)
  The difference between efficiency and effectiveness in a not-for-profit organisation is fine, but crucial - as it’s possible to be both efficient and ineffective at the same time.
• Management of currency risk – the choice between fixed forward and option contracts (PDF 172KB) by C Parkinson (October 2002)
  Currency risk - a tricky topic that warrants detailed explanation.
• Consuming passions (PDF 433KB) by Sue Brear (June 2002)
  The second of two articles on identifying your business’ most profitable customers.
• Six degrees of segmentation (PDF 787KB) by Sue Brear (May 2002)
  The first of two articles on how customer segmentation can help business to target their most profitable clients.
• ABB Fab (PDF 381KB) by Bob Scarlett (May 2002)
  Advice on how to use activity based techniques to improve decision making – and an explanation of why a significant proportion of ABC implementation fail to achieve the desired results.
• Costing the earth (PDF 379KB) by Ruth Prickett (February 2002)
  More and more companies in crowded national makets are deciding that the only serious option for re-growth is to venture across international borders. But many pitfalls await a company with global ambitions as Ruth Prickett explains.
• Get a little extranet help (PDF 376KB) by T Corbitt (November 2001)
  Using the internet to link up with customers and suppliers can work wonders for a company’s efficiency but could you benefit even more from setting up an extranet?
• Quality streak  (PDF 387KB) by Bob Scarlett (September 2001
  The principles of TQM have inspired devoted followers, but is it unwise to believe that the approach will work for all companies?
• An introduction to the links between corporate governance, investment appraisal and post project audit (PDF 347KB) by K Mayes (October 2000)
• Know-all (PDF 825KB) by Alan Lewin (July 2000)
  Looking at information as a key resource for successful businesses.
• Allowing for uncertainty (PDF 351KB) by David Allen (June 2000)
  This article looks at the idea of a ‘certainty equivalent’ for use in appraising investment proposals and evaluating businesses.
• Corporate finance forum - currency options (PDF 347KB) by David Allen (April 2000)
• Corporate finance forum - interrelationships (foreign exchange) (PDF 345KB) by David Allen (January 2000)
• The use of activity based information - a managerial perspective (PDF 605KB) by John Innes (December 1999)
• Never mind the quality - feel the width (PDF 1MB) by Ian Herbert (November 1999)
  This article is about quality management.

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