Odomirok.22-23-GAAP - Revision history

Graham at 20:52, 25 January 2026

2026-01-25T20:52:08Z

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 * '''min(amortized cost, fair value)''' ''non-investment-grade bonds (NAIC Class 3-6) long & short-term''
-So you can remember 5 of the 9 categories without too much trouble. If the exam question asks anything other than these, just take an educated guess. There is a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/548/memory-trick-for-invested-assets-bonds forum post]'' with a trick for remembering the first 2 lines of the above table.
+So you can remember 5 of the 9 categories without too much trouble. If the exam question asks anything other than these, just take an educated guess. There is a ''[https://battleacts.discourse.group/t/memory-trick-for-invested-assets-bonds/2929 forum post]'' with a trick for remembering the first 2 lines of the above table.
 Finally, here's the quiz. I know you're super-excited. Make Alice proud.

@@ Line 298: / Line 298: @@
 There are lots more details in the BattleCards. ''(I don't normally put this much extra content only in the BattleCards, but the wiki would have become too cluttered otherwise.)''
-Here's a good exam question on SAP vs GAAP and also a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/133/conceptual-question-about-sap-vs-gaap#latest related discussion in the forum]''. Parts (c) and (d) are good questions but they rely on information in the next BattleQuiz so you might want to take a second look after you do the quiz:
+Here's a good exam question on SAP vs GAAP and also a ''[https://battleacts.discourse.group/t/conceptual-question-about-sap-vs-gaap/2559 related discussion in the forum]''. Parts (c) and (d) are good questions but they rely on information in the next BattleQuiz so you might want to take a second look after you do the quiz:
 : [https://www.battleacts6us.ca/pdf/Exam_(2018_2-Fall)/(2018_2-Fall)_(19).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span>] <span style="color: red;">'''(2018.Fall #19)'''</span>

@@ Line 253: / Line 253: @@
 Then the leftover letters were <span style="color: red;">'''D<sup>3</sup>NG'''</span> and in my head, I hear this as:
-* <span style="color: red;">'''D'''</span>a-<span style="color: red;">'''D'''</span>a-<span style="color: red;">'''D'''</span>i<span style="color: red;">'''NG'''</span> &nbsp;&nbsp; ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/245/memory-trick-incorporating-pdr Click if you love Beethoven!]'' &nbsp;&nbsp; <span style="color: green;">''(sing-out toSR! And let's also trumpet AveryN9!)''</span>
+* <span style="color: red;">'''D'''</span>a-<span style="color: red;">'''D'''</span>a-<span style="color: red;">'''D'''</span>i<span style="color: red;">'''NG'''</span> &nbsp;&nbsp; ''[https://battleacts.discourse.group/t/memory-trick-incorporating-pdr/2632 Click if you love Beethoven!]'' &nbsp;&nbsp; <span style="color: green;">''(sing-out toSR! And let's also trumpet AveryN9!)''</span>
 {| class='wikitable' style='background-color: navajowhite;'

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 |-
-|| <span style="color: red;">'''D'''</span>iscounting loss reserves <br> ''(no discounting except in certain cases)'' <br> <span style="background-color: powderblue;>''(See [https://www.battleacts6us.ca/vanillaforum6us/discussion/558/gaap-treatment-of-discounting-loss-reserves this forum discussion.])''</span>
+|| <span style="color: red;">'''D'''</span>iscounting loss reserves <br> ''(no discounting except in certain cases)'' <br> <span style="background-color: powderblue;>''(See [https://battleacts.discourse.group/t/gaap-treatment-of-discounting-loss-reserves/2939 this forum discussion.])''</span>
 || tabular discount rate - few state regulations <br> non-tabular discount rate - formula-based & capped
 || options: use SAP rate or reasonable alternative

@@ Line 241: / Line 241: @@
 :: <span style="color: red;">'''D'''</span>AC ''(Deferred Acquisition Expense)''
 :: <span style="color: red;">'''D'''</span>TA ''(Deferred Tax Asset)''
-:: <span style="color: red;">'''D'''</span>iscounting loss reserves <span style="background-color: powderblue;>''(See [https://www.battleacts6us.ca/vanillaforum6us/discussion/558/gaap-treatment-of-discounting-loss-reserves this forum discussion.])''</span>
+:: <span style="color: red;">'''D'''</span>iscounting loss reserves <span style="background-color: powderblue;>''(See [https://battleacts.discourse.group/t/gaap-treatment-of-discounting-loss-reserves/2939 this forum discussion.])''</span>
 :: <span style="color: red;">'''N'''</span>on-admitted assets
 :: <span style="color: red;">'''G'''</span>oodwill

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 |}
-: <span style="color: red;"><sup>'''1'''</sup></span> There is a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/205/f18-q19d forum thread]'' that fills in some details missing from the examiner's report answer to part (d).
+: <span style="color: red;"><sup>'''1'''</sup></span> There is a ''[https://battleacts.discourse.group/t/f18-q19d/2594 forum thread]'' that fills in some details missing from the examiner's report answer to part (d).
 : <span style="color: red;"><sup>'''2'''</sup></span> Part (a) of this problem is outdated because the 10-year loss development exhibit has been removed from the syllabus.

@@ Line 68: / Line 68: @@
 |-
 | Questions held out from Fall 2019 exam: '''#20, 21'''. ''(Skip these now to have a fresh exam to practice on later. For links to these questions, see [[Exam Summaries]].)''
-* The examiners' report solution to [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span> <span style="color: red;">'''(2019.Fall #21)'''</span>] is outdated. For an explanation, see ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/573/f-2019-b#latest this forum discussion]''.
+* The examiners' report solution to [https://www.battleacts6us.ca/pdf/Exam_(2019_2-Fall)/(2019_2-Fall)_(21).pdf <span style='font-size: 12px; background-color: yellow; border: solid; border-width: 1px; border-radius: 5px; padding: 2px 5px 2px 5px; margin: 5px;'>E</span> <span style="color: red;">'''(2019.Fall #21)'''</span>] is outdated. For an explanation, see ''[https://battleacts.discourse.group/t/f-2019-b/2954 this forum discussion]''.
 |}

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 |-
-|| Here is a ''[https://www.battleacts6us.ca/vanillaforum6us/discussion/880/gaap-vs-sap-table nice comparison table]'' for SAP vs GAAP.
+|| Here is a ''[https://battleacts.discourse.group/t/gaap-vs-sap-table/3259 nice comparison table]'' for SAP vs GAAP.
 |}

@@ Line 51: / Line 51: @@
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 |-
-|| <span style="color: red;">At some point you should definitely read the forum thread that discusses</span> ''[https://battleacts6us.ca/vanillaforum6us/discussion/605/statutory-loss-reserves-are-booked-at-their-nominal-undiscounted-value inconsistencies in the treatment of discounting on the balance sheet]''.
+|| <span style="color: red;">At some point you should definitely read the forum thread that discusses</span> ''[https://battleacts.discourse.group/t/statutory-loss-reserves-are-booked-at-their-nominal-undiscounted-value/2985 inconsistencies in the treatment of discounting on the balance sheet]''.
 |}