Difference between revisions of "Odomirok.14-F"
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| [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(09).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.Spring #9)'''</span> | | [https://www.battleacts6us.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(09).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.Spring #9)'''</span> | ||
|| '''define''': <br> - reinsurer recoverable | || '''define''': <br> - reinsurer recoverable | ||
| − | || '''define''': <br> - | + | || '''define''': <br> - reinsurer payable |
|| '''define''': <br> - reinsurer funds held | || '''define''': <br> - reinsurer funds held | ||
|| '''define''': <br> - reinsurance provision | || '''define''': <br> - reinsurance provision | ||
Revision as of 20:24, 31 December 2018
Contents
Pop Quiz
BattleTable
Based on past exams, the main things you need to know (in rough order of importance) are:
reference part (a) part (b) part (c) part (d) E (2018.Spring #9) define:
- reinsurer recoverabledefine:
- reinsurer payabledefine:
- reinsurer funds helddefine:
- reinsurance provisionE (2017.Fall #14) E (2017.Spring #14) E (2016.Fall #13) E (2016.Spring #14) E (2015.Spring #15) E (2013.Fall #16) E (2012.Fall #19)
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In Plain English!
2018.Spring #9
Let's look at this exam question from 2018.Spring:
- E (2018.Spring #9)
I was little surprised because they haven't asked a question like this before. Most of the old questions are calculations. Anyway, they ask you to define and classify the given financial statement quantities as assets, liabilities, or income statement items. This is a very typical question from an accounting course and if you've had an accounting course, you'll probably find it easy. Here's how I think about it:
- Money coming in (a receivable or recoverable) is good! A receivable is an asset.
- Money going out (a payable) is bad! A payable is an liability.
...finish this later...
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BattleCodes
Memorize:
Conceptual:
Calculational:
