F3考官总结2010年6月

　　General Comments

　　The Candidates’ performance in the F3 examination for this diet has improved with an increase in the overall pass rate，which is a pleasing result.

　　The following questions have been taken from the International variant of the paper and were the three questions with the lowest pass rates. The aim of reviewing these questions is to give future candidates an indication of the types of questions asked and guidance on dealing with exam questions.

　　Sample Questions for Discussion

　　1. Amy and Andrew are in partnership sharing profits in the ratio 3:2. Their capital account balances are $60，000 and $75，000 respectively.

　　On 1 January 2010，they changed the profit sharing ratio to share profits equally.

　　Goodwill in the partnership was agreed to be $25，000. It is not the partnership’s policy to retain goodwill in the financial statements.

　　What is the balance on Amy’s capital account after dealing with the goodwill arising from the change in profit share?

　　A $75,000

　　B $60,000

　　C $62,500

　　D $72,500

　　(2 marks)

　　The answer to this question is C. Of candidates that attempted this question，only 36% answered correctly. This question tests one of the more complicated aspects of partnerships，although the question itself is straightforward.

　　When partners’change the profit sharing ratio, the goodwill is recognised and allocated to each partner according to the existing profit share ratio and then is removed in the new profit sharing ratio. All this question is asking candidates to do is the allocation and then subsequent removal of goodwill. The answer only requires the goodwill for Amy，which is calculated as follows:

　　 $

　　Amy: opening capital balance 60，000

　　Add goodwill in old PSR: (25，000 x 3/5) 15，000

　　Remove goodwill in new PSR: 25，000 x 1/2 (12，500)

　　 ––––––––

　　Closing capital balance 62，500

　　 ––––––––

　　Surprisingly, the most commonly selected incorrect answer was D - the calculation for Andrew’s account which was not required. This suggests that candidates did not read the question carefully enough rather than not having the necessary knowledge.