Odomirok.1-5-Intro - Revision history

Graham at 15:56, 27 January 2026

2026-01-27T15:56:06Z

2025-11-28T14:08:51Z

2024-06-27T23:11:11Z

2024-06-27T23:10:54Z

2024-06-27T23:02:12Z

2024-06-27T23:01:52Z

2024-06-27T23:00:55Z

2024-06-23T21:53:49Z

2020-10-28T00:04:50Z

‎BattleTable

2019-03-27T01:39:09Z

‎In Plain English!

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 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=1-5-Intro&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-1-5-intro<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+&nbsp;&nbsp;[https://battleacts.discourse.group/c/candidates-6u/odomirok-1-5-intro/231<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
 ==In Plain English!==

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 '''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
-[https://www.battleacts6us.ca/vanillaforum6us/categories/odomirok-1-5-intro<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/odomirok-1-5-intro/231<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
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 |}
-__TOC__
 ==Study Tips==

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 |}
+__TOC__
 ==Study Tips==

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 |-
-|| '''BA Quick-Summary''': <span style="color: green;>'''Schedule P - Loss & LAE Reserves'''</span>
+|| '''BA Quick-Summary''': <span style="color: green;>'''Introduction to Financial Reporting'''</span>
 The first five chapters of the financial reporting text cover basic accounting principles.

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 * International Financial Reporting Standards (IFRS).
-Each framework has distinct rules and objectives, such as SAP's conservative approach for regulatory oversight and GAAP's alignment with financial performance. Actuaries play a crucial role in estimating liabilities and ensuring compliance with these standards, essential for effective financial analysis and regulatory compliance.
+Each framework has '''distinct rules and objectives''' such as:
 |}

← Older revision		Revision as of 21:53, 23 June 2024
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		+	'''Reading''': Financial Reporting Through the Lens of a Property/Casualty Actuary - '''Chapters 1,2,3,4,5''' - '''Introduction to Financial Reporting'''
		+
		+	'''Author''': ''Kathleen C. Odomirok'', FCAS, MAAA, ''Liam M. McFarlane'', FCIA, FCAS, ''Gareth L. Kennedy'', ACAS, MAAA, ''Justin J. Brenden'', FCAS, MAAA, ''EY''
		+
	The first 5 chapters of Odomirok cover very basic accounting concepts.		The first 5 chapters of Odomirok cover very basic accounting concepts.

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 ==BattleTable==
-* ''this reading has not been tested on any exam from the year 2012 and subsequent''
+* ''this reading has not been tested on any exam from the year 2012 to Fall 2019 when the exams stopped being published.''
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 This is a good time to review ''[[Odomirok.8-9-IS#SAP_versus_GAAP | SAP versus GAAP 8-9]]'' from ''[[Odomirok.8-9-IS]]''.
-Note that this is also discussed in [[Odomirok.22-23-GAAP#SAP_vs_GAAP | SAP versus GAAP 22-23]] from [[Odomirok.22-23-GAAP]].
+Note that this is also discussed in ''[[Odomirok.22-23-GAAP#SAP_vs_GAAP | SAP versus GAAP 22-23]]'' from ''[[Odomirok.22-23-GAAP]]''.
 The quiz below covers a few more basic accounting concepts.
 [https://www.battleacts6us.ca/FC.php?selectString=**&filter=both&sortOrder=natural&colorFlag=allFlag&colorStatus=allStatus&priority=importance-high&subsetFlag=miniQuiz&prefix=Odomirok&suffix=1-5-Intro&section=all&subSection=all&examRep=all&examYear=all&examTerm=all&quizNum=all<span style="font-size: 20px; background-color: lightgreen; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 10px;">'''Full BattleQuiz]'''</span> <span style="color: red;">'''You must be <u>logged in</u> or this will not work.'''</span>